Jan 4, 2018   SOURCE: BusinessWire

$41 Billion Gas Insulated Substation Market - Global Analysis and Forecasts 2016-2025 - Research and Markets

The "Gas Insulated Substation Market 2025 - Global Analysis and Forecasts" report has been added to Research and Markets' offering.

Gas insulated substation market is expectant to reach US$ 41,059.8 million by 2025 as compared to US$ 15,416.1 million in 2016, escalating at a CAGR of 19.4% during the forecast period from 2017 to 2025.

The market for gas insulated substation is influenced by various factors such as easy installation and operation of the mechanism and low maintenance of the system, long life span of the systems and increased reliability of the system over air insulated substations. However, the high price of gas insulated substations as compared to air insulated substations are hindering the market growth.

The market for gas insulated substations have the potential to grow exponentially owing to different research and developments to enhance the recorders. The demand for mobile gas insulated substations are increasing across the globe in order to generate maximum power in areas with confined lands.

The major advantage of gas insulated substations is the compact size of the system over air insulated substations. Owing to this factor, the mining sector, construction industry, oil & gas industry, as well as marine ports are increasingly adopting the mobile gas insulated substations.

Key Market Dynamics

Key Market Drivers

  • Demand for More Reliable, Long Life Span and Less Maintenance Systems
  • Growing Demand for Energy Efficient Power Generation Systems
  • Upgradation of Conventional Substation Systems
  • Easy Installation and Operations

Key Market Restraints

  • Huge Initial Investments
  • Adverse Effect of Sulphur Hexafluoride (SF6) on Environment

Key Market Opportunities

  • Mobile Substations Fueling the Market

Future Trends

  • Replacement of Sulphur Hexafluoride as the Insulating Medium

Key Topics Covered:

1 Tables & Figures

2 Introduction

3 Key Takeaways

4 Market Landscape

5 Global Gas Insulated Substation - Key Market Dynamics

6 Gas Insulated Substation Market - Global

7 Global Gas Insulated Substation Market Analysis - By Voltage Type

8 Global Gas Insulated Substation Market Analysis - By Application

9 Global Gas Insulated Substations Market - Geographical Analysis

10 Industry Landscape

11 Competitive Landscape

12 Global Gas Insulated Substation Market - Key Company Profiles

  • ABB Group
  • Alstom SA
  • Crompton Greaves Limited
  • Eaton Corporation Limited
  • General Electric
  • Mitsubishi Electric Corporation
  • Nissin Electric Co. Ltd.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corporation

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