Gas Insulated Substation Market - An Overview

A gas insulated substation is a substation in which important conducting structures are placed within a closed environment with a dielectric gas serving as an insulating medium.

Innovations in switchgear technologies and a growing trend of grid modernization in both developed and developing countries have proven to be important growth drivers for the gas insulated substation market.

Many gas insulated substations are becoming popular with utilities and industries around the world. Due to their environmental-friendly nature, gas insulated substations are getting preference over air-insulated substations, specifically in regions where space is not easily available.

Their installation numbers have been on a rise in urban areas where space is generally compact. The gas insulated substation market manufacturers are relying on commercializing products that have an advanced sealing system.

Europe has emerged as the leader in the global gas insulated substation market, the reason being the presence of large revenue streams in countries such as the UK, Germany, and France, in this region. Manufacturers are providing environmentally friendly solutions as well as viable design configurations to meet the expansive range of needs of businesses in end-use industries.

North America is another gas insulated substation market with high revenue potential. The increase in uptake of solutions in the gas insulated substation market is the result of the giant measures taken to replace old power transmission and distribution infrastructures in countries such as the US and Canada.

These countries have become lucrative growth opportunities for the gas insulated substation market. As far as the rest of the world is concerned, Brazil and economies part of Gulf Corporation Council have emerged as potentially profitable regions for the gas insulated substation market.

The gas insulated substation market has several players, who have substantial control over the demand and supply forces. As a result, the gas insulated substation market is becoming increasingly fragmented and has become highly competitive in recent years.

Gas Insulated Substation Market: Overview

Gas insulated substations (GIS) are increasingly attracting attention of utilities and industries worldwide as environmentally friendly solutions. They are being preferred over air-insulated substations particularly in areas where the space is at premium, thereby making conventional grid systems costly. Thus, their installation has grown in busy urban spaces where there is need for housing various electricity transmission components in compact spaces. Advancements in switchgear technologies and emerging trend of grid modernization in both developed and developing economies are shaping the growth contours of the gas insulated substations market.

OEMs and distributors in the power transmission industry have benefitted from the availability of digitally monitoring systems that enable smart supervision of the performance of encapsulated switchgear components. Manufacturers in the gas insulated substations market are leaning on commercializing products with advanced sealing system and adopting low weight gases including non SF6 gas in recent times. The features make them suitable for artic or desert locations.

The gas insulated substation market is projected to expand at a CAGR of 10.31% during the forecast period of 2015 to 2024. The valuation is estimated to touch the mark of US$35.8 bn by 2024.

Compact Designs and Lower CO2 Emissions Fuels Preference of GIS in High Voltage Substations

The study by TMR segments the gas insulated substation (GIS) market based on voltage into medium (≤ 72.5 KV) and high (>72.5 KV) voltage substations. Of the two, the high voltage substations segment is projected to see higher growth in opportunities, propelled by potentially higher demand among customers. In many applications, the segment is characterized by solutions that can meet eco-friendly switchgear components. These are attractive in cases where conventional grid infrastructure may not be economically viable or has high carbon emissions. Furthermore, the compact designing makes the products in the segment highly lucrative for urban areas where renewables also need to be integrated into the power transmission framework.

Advancements made in grid infrastructure have been expanding the horizon for switchgears with low carbon footprint.

Demand for Low Carbon Footprint Transmission & Distribution Infrastructure Makes Asia Pacific Potentially Lucrative Market

The report segments the global gas insulated substation market based on geography into North America, Asia Pacific, Europe, and Rest of the World (RoW). Of these, Asia pacific held major market share in 2015. The demand in the regional market has thrived on the back of growing efforts to boost access to electricity in urban as well as rural areas, especially in China, India, and Japan. The sheer pace of urbanization has lent a remarkable momentum to the growth of the Asia Pacific gas insulated substation market.

Uptake in North America and Europe Markets Propelling Global Sales

The Europe gas insulated substation market has emerged as the second contender in the global landscape. Potentially vast revenue stream is found in Germany, the U.K., and France. Manufacturers and other market players are offering environmentally friendly solutions and compact design configurations to meet wide range of needs of businesses in end-use industries.

North America is another gas insulated substation market with incredible revenue potential. The rise in uptake of solutions in the gas insulated substations market has stemmed from the massive initiatives to replace the aging power transmission and distribution infrastructures in the U.S. and Canada. The countries have become hotbed of opportunities in the past few years for players in the North America gas insulated substation market.

In the RoW segment, Brazil and GCC countries are emerging to the forefront as potentially lucrative regions in the global gas insulated substation market.

The presence of several players who exercise significant hold over the forces of demand and supply in the gas insulated substation market renders the landscape increasingly fragmented. The landscape is also characterized by high degree of competition in the recent years.

Some of the key players in the global gas insulated substation market are Mitsubishi Electric Corporation, Industrial Solutions Ltd, CG Power, Nissin Electric Co. Ltd., Hyosung Corporation, and Toshiba Corporation.  

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)

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Gas Insulated Substation Market