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Gas Insulated Substation Market 2025 - Global Analysis and Forecasts by Voltage Types (High Voltage & Ultra High Voltage) & Application (Power Transmission and Distribution & Manufacturing and Processing)

  • THE3206741
  • 170 Pages
  • November 2017
  • Construction & Manufacturing
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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. The primary advantage of mobile gas insulated substations is it can be easily moved to one place to another and can be reconfigured according to the project that changes over a period. Another benefit of mobile gas insulated substations is that the systems are integrated with high end shock absorbers which allow the vehicle to move through rough terrains. Moreover, these mobile gas insulated substations are capable of operating at harsh temperatures with disruptions and are corrosion resistant. The electromagnetic compatibility integrated in the mobile gas insulated substations complete protection of operating personnel and surrounding environment as well as reduces the overall noise to absolute minimum. These benefits are anticipated to be the driving factors for the gas insulated substations in the coming years.

The gas insulated substations market is bifurcated on basis of application as power transmission and distribution and manufacturing and processing. The major advantage of installing GIS to transmit and distribute power is the compact design of gas insulated substations, which enables the substation to be installed in a confined space. The GIS are compact in design but are capable of transmitting and distributing heavy loads than the power of an air insulated substation. The market for gas insulated substation is poised to grow during the forecast period from 2017 to 2025, owing to the upgradation of existing or traditional power transmission and distribution centers in few developed countries to gas insulated substations, which provide more power over a longer distance

On the other hand, Manufacturing units and processing centers of various industries integrate their work stations with gas insulated substation in order to maintain the adequate power supply in their work stations. The manufacturing and processing centers are investing substantial amounts in order to procure technologically advanced gas insulated substations to enhance their power supply in their work stations. These factors are bolstering the market for gas insulated substations during the forecast period and is foreseen to drive the growth of the market in future.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the gas insulated substation industry.

Table of Contents

1. Table of Contents 2

1.1 List of Tables 8

1.2 List of Figures 9

2 Introduction 12

2.1 Scope of the Study 12

2.2 The Insight Partners Research Report Guidance 12

3 Key Takeaways 14

4 Market Landscape 18

4.1 Market Overview 18

4.2 Market Segmentation 19

4.3 Global Gas Insulated Substation Market - By Voltage Type 20

4.4 Global Gas Insulated Substation Market - By Application 21

4.5 Global Gas Insulated Substaion Market - By Geography 21

4.6 PEST Analysis 23

4.6.1 North America PEST Analysis 23

4.6.2 Europe PEST Analysis 26

4.6.3 Asia Pacific PEST Analysis 28

4.6.4 Middle East & Africa PEST Analysis 30

4.6.5 South America PEST Analysis 33

5 Global Gas Insulated Substation - Key Market Dynamics 35

5.1 Key Market Drivers 35

5.1.1 Demand for More Reliable, Long Life Span and Less Maintenance Systems 35

5.1.2 Growing Demand for Energy Efficient Power Generation Systems 35

5.1.3 Upgradation of Conventional Substation Systems 36

5.1.4 Easy Installation and Operations 36

5.2 Key Market Restraints 37

5.2.1 Huge Initial Investments 37

5.2.2 Adverse Effect of Sulphur Hexafluoride (SF6) on Environment 37

5.3 Key Market Opporunities 38

5.3.1 Mobile Substations Fueling the Market 38

5.4 Future Trends 39

5.4.1 Replacement of Sulphur Hexafluoride as the Insulating Medium 39

5.5 Impact Analysis of Drivers and Restraints 40

6 Gas Insulated Substation Market - Global 41

6.1 Global Gas Insulated Substation Market Overview 41

6.2 Global Gas Insulated Substation Market Forecast and Analysis 43

7 Global Gas Insulated Substation Market Analysis - By Voltage Type 44

7.1 Overview 44

7.2 High Voltage Gas Insulated Substation 46

7.2.1 Overview 46

7.2.2 Global High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 46

7.3 Ultra-High Voltage Gas Insulated Substation 48

7.3.1 Overview 48

7.3.2 Global Ultra-High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 48

8 Global Gas Insulated Substation Market Analysis - By Application 50

8.1 Overview 50

8.2 Power Transmission and Distribution 52

8.2.1 Overview 52

8.2.2 Global Power Transmission and Distribution Market Revenue and Forecasts to 2025 (US$ Mn) 52

8.3 Manufacturing and Processing 54

8.3.1 Overview 54

8.3.2 Global Manufacturing and Processing Market Revenue and Forecasts to 2025 (US$ Mn) 54

9 Global Gas Insulated Substations Market - Geographical Analysis 56

9.1 Overview 56

9.2 North America Gas Insulated Substations Market Revenue and Forecasts to 2025 57

9.2.1 Overview 57

9.2.2 North America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 57

9.2.3 North America Gas Insulated Substations Market Breakdown by Key Countries 59

9.2.3.1 U.S. Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 60

9.2.3.2 Canada Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 61

9.2.3.3 Mexico Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 62

9.2.4 North America Gas Insulated Substations Market Breakdown by Voltage Type 62

9.2.5 North America Gas Insulated Substations Market Breakdown by Application 64

9.3 Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 66

9.3.1 Overview 66

9.3.2 Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 66

9.3.3 Europe Gas Insulated Substations Market Breakdown by Key Countries 68

9.3.3.1 France Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 69

9.3.3.2 Germany Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 70

9.3.3.3 U.K Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 71

9.3.3.4 Italy Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 72

9.3.3.5 Spain Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 73

9.3.4 Europe Gas Insulated Substations Market Breakdown by Voltage Type 74

9.3.5 Europe Gas Insulated Substations Market Breakdown by Application 75

9.4 Asia Pacific (APAC) Gas Insulated Substations Market Revenue and Forecasts to 2025 77

9.4.1 Overview 77

9.4.2 Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 77

9.4.3 Asia Pacific Gas Insulated Substations Market Breakdown by Key Countries 79

9.4.3.1 China Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 80

9.4.3.2 India Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 81

9.4.3.3 Australia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 82

9.4.3.4 Japan Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 83

9.4.4 Asia Pacific Gas Insulated Substations Market Breakdown by Voltage Type 84

9.4.5 Asia Pacific Gas Insulated Substations Market Breakdown by Application 85

9.5 Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 87

9.5.1 Overview 87

9.5.2 Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 87

9.5.3 Middle East & Africa Gas Insulated Substations Market Breakdown by Key Countries 89

9.5.3.1 Saudi Arabia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 90

9.5.3.2 U.A.E Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 91

9.5.3.3 South Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 92

9.5.4 Middle East & Africa Gas Insulated Substations Market Breakdown by Voltage Type 93

9.5.5 Middle East Gas Insulated Substations Market Breakdown by Application 95

9.6 South America (SAM) Gas Insulated Substations Market Revenue and Forecasts to 2025 97

9.6.1 Overview 97

9.6.2 Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 97

9.6.3 South America Gas Insulated Substations Market Breakdown by Key Countries 99

9.6.3.1 Brazil Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 100

9.6.3.2 Rest of South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 101

9.6.4 South America Gas Insulated Substations Market Breakdown by Voltage Type 102

9.6.5 South America Gas Insulated Substations Market Breakdown by Application 103

10 Industry Landscape 105

10.1 Market Initiative 105

10.2 Merger and Acquisition 107

10.3 New Development 108

11 Competitive Landscape 109

11.1 Competitive Product Mapping 109

11.2 Market Positioning - Global Top 5 Players Ranking 112

12 Global Gas Insulated Substation Market - Key Company Profiles 113

12.1 ABB 113

12.1.1 Key Facts 113

12.1.2 Business Description 113

12.1.3 Financial Overview 115

12.1.4 SWOT Analysis 116

12.1.5 Key Developments 118

12.2 CG Power and Industrial Solutions Ltd. 119

12.2.1 Key Facts 119

12.2.2 Business Description 119

12.2.3 Financial Overview 120

12.2.4 SWOT Analysis 121

12.2.5 Key Developments 123

12.3 Eaton 125

12.3.1 Key Facts 125

12.3.2 Business Description 125

12.3.3 Financial Overview 126

12.3.4 SWOT Analysis 127

12.3.5 Key Developments 128

12.4 General Electric Company 129

12.4.1 Key Facts 129

12.4.2 Business Description 129

12.4.3 Financial Overview 130

12.4.4 SWOT Analysis 131

12.4.5 Key Developments 133

12.5 Hyosung Corporation 135

12.5.1 Key Facts 135

12.5.2 Business Description 135

12.5.3 Financial Overview 136

12.5.4 SWOT Analysis 136

12.5.5 Key Developments 139

12.6 Mitsubishi Electric Corporation 140

12.6.1 Key Facts 140

12.6.2 Business Description 140

12.6.3 Financial Overview 141

12.6.4 SWOT Analysis 142

12.6.5 Key Developments 145

12.7 Nissin Electric Co. Ltd. 146

12.7.1 Key Facts 146

12.7.2 Business Description 146

12.7.3 Financial Overview 147

12.7.4 SWOT Analysis 147

12.7.5 Key Developments 149

12.8 Schneider Electric SE 150

12.8.1 Key Facts 150

12.8.2 Business Description 150

12.8.3 Financial Overview 151

12.8.4 SWOT Analysis 152

12.8.5 Key Developments 154

12.9 Siemens AG 155

12.9.1 Key Facts 155

12.9.2 Business Description 155

12.9.3 Financial Overview 156

12.9.4 SWOT Analysis 157

12.9.5 Key Developments 159

12.10 Toshiba International Corporation 161

12.10.1 Key Facts 161

12.10.2 Business Description 161

12.10.3 Financial Overview 162

12.10.4 SWOT Analysis 163

12.10.5 Key Developments 164

13 Appendix 166

13.1 About The Insight Partners 166

13.2 Glossary of Terms 167

13.3 Methodology 168

13.3.1 Coverage 168

13.3.2 Secondary Research 168

13.3.3 Primary Research 169

13.4 Contact Us 170

13.5 Disclaimer 170

1.1 List of Tables

Table 1: Global Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 43

Table 2: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Voltage Type (US$ Mn) 63

Table 3: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Applications (US$ Mn) 65

Table 4: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Voltage Type (US$ Mn) 75

Table 5: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Applications (US$ Mn) 76

Table 6: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Voltage Type (US$ Mn) 85

Table 7: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 86

Table 8: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Voltage Type (US$ Mn) 94

Table 9: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 96

Table 10: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Voltage Type (US$ Mn) 103

Table 11: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 104

Table 12: Glossary of Terms, Gas Insulated Substation Market 167

1.2 List of Figures

Figure 1: Global Gas Insulated Substation Market, Revenue (US$ Mn), 2016 & 2025 14

Figure 2: Middle East & Africa Gas Insulated Substation Market, Revenue (US$ Mn), 2016 & 2025 15

Figure 3: Global Gas Insulated Substation Market by Voltage Types, Revenue (US$ Mn), 2017 16

Figure 4: Global Gas Insulated Substation Market by Application, Revenue (US$ Mn), 2017 17

Figure 5: Gas Insulated Substation Market Segmentation 19

Figure 6: Gas Insulated Substation Market Segmentation 20

Figure 7: North America PEST Analysis 23

Figure 8: Europe PEST Analysis 26

Figure 9: APAC PEST Analysis 28

Figure 10: MEA PEST Analysis 30

Figure 11: SAM PEST Analysis 33

Figure 12: Gas Insulated Substation Market Impact Analysis of Driver and Restraints 40

Figure 13: Global Gas Insulated Substation Market 41

Figure 14: Global Gas Insulated Substation Market Breakdown By Voltage Types, 2016 & 2025 (%) 44

Figure 15: Global High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 47

Figure 16: Global Ultra-High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 49

Figure 17: Global Gas Insulated Substation Market Breakdown By Application, 2016 & 2025 (%) 50

Figure 18: Global Power Transmission and Distribution Market Revenue and Forecasts to 2025 (US$ Mn) 53

Figure 19: Global Manufacturing and Processing Market Revenue and Forecasts to 2025 (US$ Mn) 55

Figure 20: Gas Insulated Substations Market, Global Breakdown by Regions, 2016 & 2025 (%) 56

Figure 21: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 58

Figure 22: North America Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 59

Figure 23: U.S. Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 60

Figure 24: Canada Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 61

Figure 25: Mexico Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 62

Figure 26: North America Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 63

Figure 27: North America Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 64

Figure 28: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 67

Figure 29: Europe Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 68

Figure 30: France Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 69

Figure 31: Germany Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 70

Figure 32: U.K Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 71

Figure 33: Italy Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 72

Figure 34: Spain Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 73

Figure 35: Europe Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 74

Figure 36: Europe Gas Insulated Substations Market Breakdown by Applications, 2016 & 2025 (%) 75

Figure 37: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 78

Figure 38: Asia Pacific Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 79

Figure 39: China Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 80

Figure 40: India Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 81

Figure 41: Australia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 82

Figure 42: Japan Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 83

Figure 43: Asia Pacific Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 84

Figure 44: Asia Pacific Gas Insulated Substations Market Breakdown by Applications, 2016 & 2025 (%) 85

Figure 45: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 88

Figure 46: Middle East & Africa Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 89

Figure 47: Saudi Arabia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 90

Figure 48: U.A.E Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 91

Figure 49: South Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 92

Figure 50: Middle East & Africa Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 93

Figure 51: Middle East & Africa Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 95

Figure 52: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 98

Figure 53: South America Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 99

Figure 54: Brazil Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 100

Figure 55: Rest of South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 101

Figure 56: South America Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 102

Figure 57: South America Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 103

 
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