PUBLISHER: The Business Research Company | PRODUCT CODE: 1270453
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270453
Gas-Insulated Substation Global Market Report 2023
“Gas-Insulated Substation Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on gas-insulated substation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for gas-insulated substation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The gas-insulated substation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Voltage: Medium Voltage; High Voltage; Extra High Voltage
- 2) By Installation: Indoor; Outdoor
- 3) By Application: Power Transmission; Power Distribution; Power Generation
- 4) By End-User: Power Utilities; Industrial Sector; Commercial And Residential Sector
- Companies Mentioned: Hitachi Ltd.; Larsen & Toubro Limited; Eaton Corporation PLC.; CG Power and Industrial Solutions Limited; Schneider Electric SE
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the gas-insulated substation market are Hitachi Ltd., Larsen & Toubro Limited, Eaton Corporation PLC., CG Power and Industrial Solutions Limited, Schneider Electric SE, Bharat Heavy Electricals Limited, Elsewedy Electric Co S.A.E., Powell Industries Inc., Hyosung Corporation, Fuji Electric Co. Ltd., Hyundai Heavy Industries Co. Ltd., ABB Ltd., Siemens AG, Toshiba Corporation, General Electric, and Mitsubishi Electric Corporation.
The global gas-insulated substation market is expected to grow from $19.99 billion in 2022 to $22.43 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gas-insulated substation market is expected to grow to $31.91 billion in 2027 at a CAGR of 9.2%.
The gas-insulated substation market consists of sales of regular HV components which include disconnections, CBs, bus bars, voltage, and cutting-edge transducers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A gas-insulated substation is a high-voltage substation that uses sulphur hexafluoride gas as the insulating medium at moderate pressure for phase-to-phase and phase-to-ground insulation. The main conducting structures are housed inside a sealed environment.
Asia-Pacific was the largest region in the gas-insulated substation market in 2022, and is expected to be the fastest-growing region in the forecast period. The regions covered in the gas-insulated substation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main voltages in the gas-insulated substation market are medium voltage, high voltage, and extra high voltage. Medium voltage refers to it is usually used for distribution systems with voltages above 1 kV and commonly carried out up to and along with 52 kV. These are installed indoors and outdoors for various applications including power transmission, power distribution, and power generation by different end-users including power utilities, the industrial sector, and the commercial and residential sectors.
The increasing demand for clean energy is expected to boost the growth of the gas-insulated substation market. Clean energy refers to electricity that comes from renewable, zero-emission sources that do not pollute the atmosphere while used, in addition to energy saved by way of power efficiency measures. The clean energy consists of 245 kV voltage is a key well-known voltage level for the European high voltage grid answers high voltage merchandise, GE Renewable Energy. Having SF6-loose fuel-insulated substations at 245 kV might be vital to helping the decarbonization of the high-voltage grid. For instance, in 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, Global electricity generation from renewable sources increased to 29% in 2020 from 27% in 2019. In 2021, the wind was set for the largest increase in renewable generation, growing by 275 TWh (17%), which is greater than 2020 levels. Thus, the increasing demand for clean energy is driving the growth of the gas-insulated substation market.
Product innovation is a key trend in the gas-insulated substation market. Major companies operating in the gas-insulated substation market are focused on developing innovative solutions to strengthen their position in the market. For instance, in August 2020, Mitsubishi Electric Corporation, a Japanese corporation specialising in electrical and electronic equipment, launched the LV100-type T-series insulated gate bipolar transistor module for industrial applications. The LV100 package, which is widely used in railway and electric power applications and is currently being upgraded for industrial applications, has a high degree of adaptability and current density. Additionally, it can help reduce the size and power loss of power converters, especially inverters used in photovoltaic and wind power production applications as well as high-capacity motor drives.
In July 2020, Hitachi Ltd., a Japan-based conglomerate corporation, acquired ABB Power Grids for $7.8 billion. Through this acquisition, Hitachi would form a new company to address the power industry's renewable and distributed energy frontier and become one of the world's top grid equipment and service providers. ABB Power Grid is a Switzerland-based energy innovation and transition company operating in the gas-insulated transformer market.
The countries covered in the gas-insulated substation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The gas-insulated substation market research report is one of a series of new reports from The Business Research Company that provides gas-insulated substation market statistics, including global market size, regional shares, competitors with a gas-insulated substation market share, detailed gas-insulated substation market segments, market trends and opportunities, and any further data you may need to thrive in the gas-insulated substation industry. This gas-insulated substation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Gas-Insulated Substation Market Characteristics
3. Gas-Insulated Substation Market Trends And Strategies
4. Gas-Insulated Substation Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Gas-Insulated Substation Market
- 4.2. Ukraine-Russia War Impact On Gas-Insulated Substation Market
- 4.3. Impact Of High Inflation On Gas-Insulated Substation Market
5. Gas-Insulated Substation Market Size And Growth
- 5.1. Global Gas-Insulated Substation Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Gas-Insulated Substation Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Gas-Insulated Substation Market Segmentation
- 6.1. Global Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Medium Voltage
- High Voltage
- Extra High Voltage
- 6.2. Global Gas-Insulated Substation Market, Segmentation By Installation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Indoor
- Outdoor
- 6.3. Global Gas-Insulated Substation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Power Transmission
- Power Distribution
- Power Generation
- 6.4. Global Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Power Utilities
- Industrial Sector
- Commercial And Residential Sector
7. Gas-Insulated Substation Market Regional And Country Analysis
- 7.1. Global Gas-Insulated Substation Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Gas-Insulated Substation Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Gas-Insulated Substation Market
- 8.1. Asia-Pacific Gas-Insulated Substation Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Gas-Insulated Substation Market
- 9.1. China Gas-Insulated Substation Market Overview
- 9.2. China Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Gas-Insulated Substation Market
- 10.1. India Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Gas-Insulated Substation Market
- 11.1. Japan Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Gas-Insulated Substation Market
- 12.1. Australia Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Gas-Insulated Substation Market
- 13.1. Indonesia Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Gas-Insulated Substation Market
- 14.1. South Korea Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Gas-Insulated Substation Market
- 15.1. Western Europe Gas-Insulated Substation Market Overview
- 15.2. Western Europe Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Gas-Insulated Substation Market
- 16.1. UK Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Gas-Insulated Substation Market
- 17.1. Germany Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Gas-Insulated Substation Market
- 18.1. France Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Gas-Insulated Substation Market
- 19.1. Eastern Europe Gas-Insulated Substation Market Overview
- 19.2. Eastern Europe Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Gas-Insulated Substation Market
- 20.1. Russia Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Gas-Insulated Substation Market
- 21.1. North America Gas-Insulated Substation Market Overview
- 21.2. North America Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Gas-Insulated Substation Market
- 22.1. USA Gas-Insulated Substation Market Overview
- 22.2. USA Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Gas-Insulated Substation Market
- 23.1. South America Gas-Insulated Substation Market Overview
- 23.2. South America Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Gas-Insulated Substation Market
- 24.1. Brazil Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Gas-Insulated Substation Market
- 25.1. Middle East Gas-Insulated Substation Market Overview
- 25.2. Middle East Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Gas-Insulated Substation Market
- 26.1. Africa Gas-Insulated Substation Market Overview
- 26.2. Africa Gas-Insulated Substation Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Gas-Insulated Substation Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Gas-Insulated Substation Market Competitive Landscape And Company Profiles
- 27.1. Gas-Insulated Substation Market Competitive Landscape
- 27.2. Gas-Insulated Substation Market Company Profiles
- 27.2.1. Hitachi Ltd.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Larsen & Toubro Limited
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Eaton Corporation plc
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. CG Power and Industrial Solutions Limited
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Schneider Electric SE
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
- 27.2.1. Hitachi Ltd.
28. Key Mergers And Acquisitions In The Gas-Insulated Substation Market
29. Gas-Insulated Substation Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer
