Global Gas Insulated Substation Market is expected to grow at a robust CAGR
Global Gas
Insulated Substation Market is expected to grow owing to growth in renewable
power generation and increasing investments in the transmission & distribution
infrastructure throughout the forecast period.
According to
TechSci Research report, “Gas
Insulated Substation Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Gas Insulated Substation
(GIS) Market is expected to register robust growth during the forecast period owing to
the significant demand for power generation in urban areas with limited space
for air insulated substations, both established and emerging companies in the
industry are actively researching robust technologies. These advancements aim
to improve the operation of gas insulated substations and meet the
ever-increasing demand for power generation.
Hybrid
GIS enables utilities to tailor substation designs to meet specific project
requirements and site limitations. By integrating various technologies,
utilities can achieve a balance between space efficiency and performance,
facilitating the implementation of GIS technology in locations where using
traditional GIS alone would be impractical. Moreover, hybrid GIS solutions can
offer cost advantages by reducing overall infrastructure expenses compared to
fully GIS-based substations. Components that do not necessitate the high
insulation levels of GIS can be replaced with AIS equipment, resulting in cost
savings while maintaining essential performance criteria. The combination of
GIS and AIS technologies contributes to grid resilience. Critical substation
components can be insulated with GIS to shield them from harsh environmental
conditions, while other components can incorporate AIS to provide redundancy
and ensure uninterrupted operation in the event of failure.
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The Global Gas
Insulated Substation Market is segmented based on voltage, installation, application
and region. Based on voltage, the market is bifurcated into medium, high and
very high. Based on installation, the market is bifurcated into indoor and
outdoor. Based on application, the market is bifurcated into power
transmission, power distribution, power generation and others. Based on region,
the market is further bifurcated into North America, Asia-Pacific, Europe,
South America, Middle East & Africa. Based on installation, Outdoor segment is expected
to dominate the market during the forecast period. Outdoor GIS installations
can be thoughtfully designed with environmentally friendly features, such as
green landscaping and minimized visual impact. This approach ensures alignment
with sustainability goals and helps to minimize the footprint of the
substation. Furthermore, outdoor GIS installations can be seamlessly integrated
into existing utility infrastructure, including outdoor power distribution
systems and transmission lines. This integration simplifies the connection
process and reduces the requirement for additional infrastructure. Based on application,
Power Transmission segment is projected to dominate the market throughout the
forecast period. In power transmission networks, GIS installations serve as
crucial interconnection points connecting various substations and transmission
lines. They facilitate the seamless transfer of power between different parts
of the grid, ensuring efficient and reliable electricity transmission. Power
transmission substations play a vital role in transmitting electricity from
remote power generation sources, such as hydropower plants, wind farms, and
solar installations, to regions with high energy demand. They contribute
significantly to grid stability by regulating voltage levels and ensuring
smooth power flow. These substations are instrumental in preventing grid
disturbances and blackouts, thanks to their efficient switching and fault
management capabilities.
Key market
players in the Global Gas Insulated Substation Market are:-
- General Electric Company
- Hitachi, Ltd.
- Larsen & Toubro Limited
- ABB Ltd
- Siemens AG
- CG Power and Industrial Solutions Ltd
- Mitsubishi Electric Corporation
- Hyosung Corp
- Bharat Heavy Electricals Limited
- Toshiba Corp
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“Asia Pacific is
expected to dominate the market throughout the forecast period. plays a
critical role in the Global Gas Insulated Substation (GIS) Market due to its
dynamic energy landscape, rapid urbanization, and increasing demand for
reliable electricity supply. The region's growing economies, coupled with a
shift towards cleaner energy sources and advanced grid infrastructure, make it
a significant driver of GIS adoption. The high population density in APAC
regions necessitates the efficient utilization of space. GIS substations,
renowned for their compact design, offer an ideal solution to optimize land
usage while addressing the escalating energy requirements.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Gas Insulated
Substation Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028, Segmented By
Voltage (Medium, High and Very High), By Installation (Indoor and Outdoor), By
Application (Power Transmission, Power Distribution, Power Generation and
Others), By Region, Competition,”
has evaluated the future growth potential of Global Gas
Insulated Substation Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Gas
Insulated Substation Market.
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