Global gas insulated substations market is expected to grow significantly over the next seven years owing to rising environmental concerns and scarcity of land in cosmopolitan areas. Rising energy demand in emerging economies due to changing lifestyle coupled with increasing per capita disposable income is expected to drive market growth. It is expected to penetrate the market as it can be installed in compact space with sulfur hexafluoride gas insulating the environment. Air insulated substations are prone to rising environmental pollution levels and gas insulated substations are considered to be eco-friendly. This factor is expected to fuel global market growth over the forecast period.
Increasing necessity for small and low maintenance power systems is anticipated to remain a key driving factor for market growth over the forecast period. They are better in efficiency and reliability in comparison with air insulated substations. Increasing per hectare land value is expected to drive market growth as the gas-insulated substations require less space than its counterparts. Space constraints to install these substations are 90% less than other power stations with respect to its less space utilization.
Increasing popularity owing to properties such as compatibility to fit in a building is expected to drive global gas insulated substation market growth over the next seven years. Demand for compact power systems is expected to grow and drive global market growth. Its flexibility to operate in harsh environments such as arctic and desert are projected to increase market size. Extreme weather conditions in these regions are expected to demand high voltage power stations and compliment market growth. Requirement of gas insulated substations is expected to increases as the voltage requirement of a region increases.
Globally increasing safety concerns and reliability & substation security are expected to drive market growth over the seven years. Longer life span and one time investment are estimated to remain as a key driver for gas insulated substations market growth. Sulfur hexafluoride is a greenhouse gas and its use in substation is expected to have an adverse effect on market growth. High cost compared to traditional power substations is expected to hinder market growth and pose challenges to industry participants. Internal fault may lead to excessive damage and this factor may also hamper market growth.
The market can be segmented on the basis of voltage type and application. Market segments based on voltage type include high voltage, extra high voltage, and ultrahigh voltage substations. Design configuration of the substation to be installed depending on various voltage requirements depending upon regions. Based on application the market includes power transmission & power distribution substation. Other than transmission & distribution, manufacturing & processing is a main end user in this market.
Asia Pacific region is expected to exhibit a high growth rate owing to increasing energy demand in emerging economies such as China, India, Thailand, Japan, Indonesia, and Vietnam. Japan was the foremost country to install gas insulated substations as the country has confined space for developments. Japan has an upper hand in a number of substations producers and is expected to spread to other countries such as China and India.
Increasing investment in power infrastructural development is expected to North American market growth over the next seven years. Begen switching station in North America is the largest in the country with a capacity of 80 kA short circuit breaking capacity. Middle East and Africa are expected to show a significant growth rate owing to increasing power demand and confined space in developed areas. The European market is expected to witness a considerable growth rate owing to increasing environmental regulations coupled with replacement of old substation with improved gas substations.
Gas insulated substations manufactures are concentrating on their R&D to minimize production cost and thereby to have a competitive edge on the market. Major players in the global market include ABB Ltd, Alstom S.A, Siemens A.G, Mitsubishi Electric Corporation, Hitachi Limited, Schneider Electric SE, Hyundai Heavy Industries Co Limited, Toshiba Corporation, Fuji Electric Co. Ltd. and Nissin Electric Co. Ltd.
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