Allied Market Research

2024

Gas Insulated Substation Market

Gas Insulated Substation Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Installation and, by End user : Global Opportunity Analysis and Industry Forecast, 2023-2032

EP : Utility

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Author's: | Eswara Prasad
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A gas insulated substation is characterized as a high voltage substation in which the primary structures are confined in a sealed off environment with sulfur hexafluoride gas as the insulating medium. A gas-insulated substation uses a topnotch dielectric gas, SF6, at medium pressure for phase-to phase and phase-to-ground insulation. The high voltage conductors, circuit breaker interrupters, switches, current transformers, and voltage transformers are in SF6 gas in grounded metal enclosing. The atmospheric air insulation used in a conventional. Air-insulated substation needs meters of air insulation to do what SF6 can do in centimeters. Gas insulated substation can therefore be smaller than air insulated substation. Gas insulated substation is mostly used where space is costly or not available. In a gas insulated substation the active parts are protected from the reduction in quality from exposure to atmospheric air, moisture, contamination, and others.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Voltage type, installation, End User, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Schneider Electric SE, Alstom SA (General Electric), and ABB Ltd. (Investor AB, Cevian Capital, BlackRock, Capital Group Companies, ABB (Switzerland), GE (US), Siemens (Germany), Hitachi, Ltd. (Japan), L&T (India), and Toshiba Corporation (Japan)

 

COVID-19 Impact analysis

The global economic havoc brought by the COVID-19 pandemic made way for supply chain disruptions, creating restrictions and laying an enormous impact on several businesses globally. Its effect was also felt by the energy, mining, oil, and gas sectors on account of the nationwide lockdown and containment guidelines set into motion by governments globally. The temporary shutdown of the businesses substantially interrupted the demand for gas insulated substations.
Even though, the constant effort put forth by several nations to reinforce their economic situation it is expected to show development for the industry forecast in the post-pandemic era.

Top Impacting Factors

Gas insulated substations are eco-friendly in comparison of air insulated substations, which are accountable for increasing environmental pollution levels. Moreover, they are supposed to be more efficient, highly safe, dependability and render longer life span compared to air insulated substations. Moreover, gas insulated substation, is a best example of small and low maintenance power systems, which is estimated to act as a key driving force for market growth during the forecast period. Periodically, demand for compact power systems is rising, which propels the popularity of gas insulated substation, as attributed by the compatibility to fit in a building is expected to drive the growth of the global gas insulated substation market over the forecast period. Its flexibility to function in extreme weather conditions is anticipated to increase its market size, in the regions having unpredictable and intense environment.

Market Trends

  • Asia-Pacific is observing a higher demand for gas insulated substations with the increase in investments toward wind and solar farm developments and the rising coal consumption, mainly across India and China.
  • The rising industrialization and urbanization, accounted for rise in the demand for reliable power supply in the region, making the continent a hub for higher electricity consumption. The growing investment in transmission and distribution channels, considering the expanding generation connections in the Asia-Pacific will add positive impact to the regional gas insulated substation penetration.
  • The suppliers of gas insulated substations are actively participating in strategic decisions, including acquisitions, contractual agreements, and mergers, and are zeroing in on novel product developments to encourage the increasing industrial requirements whilst gaining competitive advantages. For instance, in 2021, Mitsubishi Electric Power Products, Inc., brought forth the latest addition to its high-voltage product line, a 245kV gas insulated switchgear to provide widespread uses in utility, municipal, and industrial utilizations.
  • Rising investment in power and infrastructural development in North America region is expected to drive the market growth over the coming years. Begen switching station in North America is the biggest in the country with a capacity of 80 kA short circuit breaking capacity.
  • Middle East and Africa are expected to show a substantial growth rate owing to growing power demand and confined space in developed areas. The European market is anticipated to witness a considerable growth rate owing to the rising environmental regulations added with replacement of old substation with improved gas substations.

Key Segments Covered

Segment

Sub-segment

  Product Type

  • Medium (Up to 72.5 kV)
  • High (72.5 kV – 220 kV)
  • Extra High (220 kV – 765 kV)

  Installation

  • Indoor
  • Outdoor

  End user

  • Power Transmission Utility
  • Distribution Utility
  •  Generation utility
  • Infrastructure 
  • others

  Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Saudi Arab
    • South Africa
  • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the XYZ industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the XYZ market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the XYZ market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed XYZ market analysis based on competitive intensity and how the competition will take shape in coming years

Gas Insulated Substation Market Report Highlights

Aspects Details
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By Product Type
  • Medium (Up to 72.5 kV)
  • High (72.5 kV – 220 kV)
  • Extra High (220 kV – 765 kV)
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By Installation
  • Indoor
  • Outdoor
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By End user
  • Power Transmission Utility
  • Distribution Utility
  • Generation utility
  • Infrastructure
  • others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

ABB Ltd., L&T (India), GE (US), BlackRock, Capital Group Companies, Schneider Electric SE, Cevian Capital, Hitachi, Ltd. (Japan), Siemens (Germany), Alstom SA (General Electric), Toshiba Corporation (Japan)

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Gas Insulated Substation Market

Global Opportunity Analysis and Industry Forecast, 2023-2032