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Published Date: 2016-03-08Number of Pages: 85

Gas Insulated Substation Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024

This research study analyzes the gas insulated substation market in terms of revenue (US$ Bn). The market has been segmented on the basis of voltage and geography. For the research, 2015 has been taken as the base year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional and country level from 2015 to 2024. The report provides a broad competitive analysis of companies engaged in the gas insulated substation business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the gas insulated substation market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive industry analysis of gas insulated substations with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the gas insulated substation market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. 

The high-level analysis in the report provides detailed insights into the gas insulated substation business in the U.S. There are currently numerous drivers of the market. One of the most prominent drivers is the compact size and reliability of gas insulated substations. Market attractiveness analysis was carried out for the gas insulated substation market on the basis of revenue realization and industrial growth. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions. 

The gas insulated substation market was analyzed across four regions: North America, Europe, Asia Pacific, and Rest of World. These regions are further segmented by country and voltage of installed gas insulated substations globally. Voltage range (0 to 72.5 Kv and above 72.5 Kv) has been provided for each country and region. Regional data has been provided for each sub-segment of the gas insulated substation market. Some of the key manufacturers of gas insulated substations are ABB Group, Eaton Corporation Plc., Fuji Electric Co., Ltd., General Electric Company, Hitachi, Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Crompton Greaves Limited, and Toshiba Corporation. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments. 

Gas Insulated Substation Market: By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World 

Gas Insulated Substation Market: By Voltage 

  • Medium (≤ 72.5 KV)
  • High (> 72.5 KV)


CHAPTER 1 PREFACE

  • Report Description
  • Research Scope
  • Market Segmentation
  • Research Methodology

CHAPTER 2 EXECUTIVE SUMMARY

  • Gas Insulated Substation Market: Snapshot

CHAPTER 3 GAS INSULATED SUBSTATION OVERVIEW

  • Introduction
  • Value Chain Analysis
  • Market Dynamics
    • Growth Drivers
    • Restraints
    • Opportunities
  • Porter’s Five Forces Analysis for the gas insulated substation 
    • Suppliers’ Power
    • Buyers’ Power
    • Threat from New Entrants
    • Threat from Substitutes
    • Degree of Competition
  • Market Attractiveness Analysis of gas insulated substation, by Region (2014)
    • North America
    • Europe
    • Asia Pacific
    • Rest of World
  • Company Market Share Analysis, 2014 (Value %)

CHAPTER 4 GAS INSULATED SUBSTATION MARKET – BY VOLTAGE, BY REVENUE, SEGMENT ANALYSIS, 2015 – 2024 (US$ BN)

  • Overview
  • North America
  • Europe
  • Asia Pacific
  • Rest of World

CHAPTER 5 GAS INSULATED SUBSTATION MARKET – BY REGION, BY REVENUE, 2015 – 2024 (US$ BN)

  • Overview
  • North America
    • U.S.
    • Canada
    • Rest of Asia Pacific
  • Europe
    • CIS countries
    • Germany
    • U.K
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Rest of World
    • GCC countries
    • Brazil
    • Others

CHAPTER 6 COMPANY PROFILES

  • ABB Group
    • Company Overview
    • Financial Overview
    • Business Strategy
    • SWOT Analysis
    • Recent Developments

(Note: Similar data points will be provided for the companies mentioned below)

  • Fuji Electric Co., Ltd.
  • General Electric Company 
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation 
  • Eaton Corporation Plc.
  • Schneider Electric SE
  • Siemens AG
  • Crompton Greaves Limited
  • Toshiba Corporation

List of Figures

1. Global Gas Insulated Substation, Estimates and Forecast, By Revenue (US$ Bn), 2016–2024
2. Global Gas Insulated Substation, Estimates and Forecast, By Voltage, By Revenue (US$ Bn), 2016–2024
3. Global Share, Gas Insulated Substation
4. Global T & D Capital Expenditure (US$ Bn) , 2014-2023
5. Market Attractiveness Analysis of Gas Insulated Substation Market, 2014
6. Global Gas Insulated Substation, Company Market Share (%) (2014)
7. Global Gas Insulated Substation Market – Voltage Segment
8. Global Gas Insulated Substation Market Share, by Voltage Segment, 2015 & 2024
9. Global Gas Insulated Substation Market Share, by Voltage Segment, by Revenue, (US$ Bn)
10. Global Gas Insulated Substation Market, Estimates and Forecast, by Revenue, 2015–2024 (US$ Bn)
11. Global Gas Insulated Substation Market, Estimates and Forecast, by Voltage, by Revenue, 2015–2024 (US$ Bn)
12. North America Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
13. North America Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
14. U.S. Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
15. U.S. Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
16. Canada Gas Insulated Substation Market, By Revenue, 2015–2024 (US$ Bn)
17. Canada Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
18. Rest of North America Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
19. Rest of North America Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
20. Europe Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
21. Europe Gas Insulated Substation Market, by voltage, by Revenue, 2015–2024 (US$ Bn)
22. CIS Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
23. CIS Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
24. Germany Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
25. Germany Gas Insulated Substation Market, By Voltage, By Revenue, 2015–2024 (US$ Bn)
26. U.K. Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
27. U.K. Gas Insulated Substation Market, By Voltage, By Revenue, 2015–2024 (US$ Bn)
28. France Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
29. France Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
30. Rest of Europe Gas Insulated Substation Market, By Revenue, 2015–2024 (US$ Bn)
31. Rest of Europe Gas Insulated Substation Market, By Voltage, By Revenue, 2015–2024 (US$ Bn)
32. Asia Pacific Gas Insulated Substation Market, By Revenue, 2015–2024 (US$ Bn)
33. Asia Pacific Gas Insulated Substation Market, By Voltage, by Revenue, 2015–2024 (US$ Bn)
34. China Gas Insulated Substation Market, By Revenue, 2015–2024 (US$ Bn)
35. China Gas Insulated Substation Market, By Voltage, by Revenue, 2015–2024 (US$ Bn)
36. India Gas Insulated Substation Market, By Revenue, 2015– 2024 (US$ Bn)
37. India Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
38. Rest of Asia Pacific Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
39. Rest of Asia Pacific Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
40. Rest of World Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
41. Rest of World Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
42. GCC Counties Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
43. GCC Counties Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
44. Brazil Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
45. Brazil Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)
46. Others Gas Insulated Substation Market, by Revenue, 2015–2024 (US$ Bn)
47. Others Gas Insulated Substation Market, by Voltage, by Revenue, 2015–2024 (US$ Bn)

A substation is defined as an assembly of equipment installed to control the transmission and distribution of electric power. A gas insulated substation (GIS) is an electrical substation in a sealed environment with sulfur hexafluoride (SF6) gas as the insulating medium. These substations were developed in Japan since the country is located in a high seismic zone and there was a need for substations, which could be installed in small confined spaces. Gas insulated substations are much more reliable and more efficient than their counterparts air insulated substations. Increasing need for compact and low maintenance power systems led to the emergence of gas insulated substations. Basic components used in assembly of GIS substations are bus bars, circuit breakers, disconnectors, earthing switches, current transformers, voltage transformers, feeder disconnector and control panels. GIS has many advantages over conventional substations. GIS occupies very less space (1/10th) as compared to conventional air insulated substations. Sulfur hexafluoride (SF6) gas used in GIS has high dielectric property, which acts as insulating medium for the high voltage or extra-high voltage substation equipment. Maintenance and operational costs associated with SF6 gas used in GIS are low as it neither ages nor depletes. Electro-negative property of SF6 is the primary reason for its use as an insulation medium in circuit breakers. Hence, gas insulted substations are preferred over air insulated substations.

Gas insulated substations are widely used in high voltage installations, indoor installations, urban installations, and other environmental-sensitive installations. In harsh environmental areas such as deserts and arctic regions, these substations provide reliable operating performance. Increasing cost of land and demand for compact power systems are the primary drivers boosting the market for gas insulated substations. In urban areas, where availability of land is a rising concern, gas insulated substations can be installed in small areas within a building.

Asia Pacific was the largest market for gas insulated substations globally, accounting for 54% of the market in 2015. China was the leader in terms of revenue realization from gas insulated substations, followed by India in 2015. Europe was the second-largest market for gas insulated substations in 2015. CIS countries, such as Russia, spearhead the gas insulated substation market in Europe with modification and expansion of aged electricity infrastructure. North America was the third-largest market for gas insulated substations, in terms of market share, in 2015. The U.S. and Canada were the leading countries with highest revenue realization from gas insulated substations in 2015. The market in Rest of World is expected to witness significant growth in the near future, with growth in the manufacturing and processing sectors and increasing demand for electricity.

The market in Gulf Cooperation Council (GCC) countries is expected to expand at the highest CAGR during the forecast period. Industrialization, and growth in manufacturing and power generation would drive the demand for gas insulated substations in GCC countries.

Some of the key manufacturers of gas insulated substations are ABB Group, Eaton Corporation Plc, Fuji Electric Co., Ltd., General Electric Company, Hitachi, Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Crompton Greaves Limited, and Toshiba Corporation.

gas-insulated-substation-market

 


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