Global Dielectric Gases Market: Overview

The shift from high-risk oil towards a much safer dielectric gases alternative will propel the global dielectric gases market. Shift largely owes to dielectric gases being widely used in switch gears, transformers and gas insulated lines. These are also used in high voltage transmission units. The gases that are used as insulating media can reduce the weight and size of transmission units. Besides, the market is looking at a significant demand surge due to ever increasing consumption of electricity worldwide.

It therefore comes as no surprise that the market is set to grow at a robust CAGR (Compound Annual Growth Rate between 2019 and 2027. The market value will reach to a significant number.

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Global Dielectric Gases Market: Notable Developments

July 2018: ABB completed acquisition of GE Industrial Solutions. The move will strengthen ABB’s position as number 2 player in terms of electrification and will expand access to the lucrative North American Market. Cost synergies amounting to $200 million will be realised in 5 years by ABB. Besides, ABB’s digital offerings coupled with GE’s installed base will up the competition in the global dielectric gases market substantially

Market is fairly consolidated. Prominent players include 3M Company, General Electric Company, ABB Inc, Solvay S.A., Messer Group, The Linde Group, SHOWA DENKO K.K.

Global Dielectric Gases Market: Key Trends and Drivers

Growth of dielectric gases market is a given. What’s leading to this growth and what are the trends that market players should be aware of? The upcoming report by Transparency Market Research covers it in-depth. Few factors are stated below.

  • A steep rise in construction industry owing to an increase in residential and commercial sectors is leading to a growth in the global dielectric gases market. Worldwide, the construction volume will grow by 85% to USD 15.5 trillion by 2030. The industrial sector will create abundant opportunities, owing to its high consumption of total electricity (about 55%). Demand will surge for medium voltage substation due to a rising number residential units that require setting-up of IT and telecom infrastructure.  HVAC units and office equipment all lead to demand generation. With preference leaning to dielectric gases for insulation, outlook is rosy.
  • The market is currently occupied by SF6 manufacturers. But players are already looking for alternatives due to SF6 being a greenhouse gas, contributing to global warming. As more awareness about climate change is catching-up with masses, manufacturers feel hard pressed to come up with better options. Currently, fluoronitriles and fluoroketones look like a good bet as they are similar to SF6 in terms of properties without having its potential of warming up the environment.

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Global Dielectric Gases Market: Regional Analysis

The region that is all set to dominate the global dielectric gases market is Europe. The growth is largely attributable to a strong manufacturing base.  The region is marked by some of the most prominent names in the global market such as Solvay S.A. and The Linde Group.

Another region that would grab attention and plenty of market share is the Asia Pacific (APAC).  It would represent a highly lucrative play field for dielectric gases in the forecast period. It would owe its growth to increase in construction which will be 57% plus of global market growth ($15.5 trillion).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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Dielectric Gases Market

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