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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 40.91 Billion by 2029 | 9.35% | Asia Pacific |
| By Type | By Applications | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Gas-Insulated Substation Market Overview
The global Gas-Insulated Substation Market is expected to grow at 9.35 % CAGR from 2020 to 2029. It is expected to reach above USD 40.91 Billion by 2029 from USD 18.30 Billion in 2020.
A gas-insulated substation (GIS) is a type of electrical substation where the components such as circuit breakers, disconnectors, and transformers are enclosed in a sealed metal enclosure filled with sulfur hexafluoride (SF6) gas as the insulating medium. SF6 gas has excellent insulating properties, making it a suitable alternative to traditional air-insulated substations. GIS technology offers several advantages, including smaller footprint, higher reliability, and lower maintenance requirements. GIS are commonly used in high-voltage power transmission and distribution systems, urban areas, and other locations where space is limited.
Investments in renewable energy are a significant driver for the gas-insulated substation (GIS) market. As the world shifts towards renewable energy sources such as wind and solar power, new infrastructure is required to transport and distribute electricity. GIS technology is well-suited for renewable energy applications, as it can efficiently handle high-voltage power and is compatible with renewable energy sources. Governments and private companies are investing heavily in renewable energy to reduce carbon emissions and meet sustainability targets. This has resulted in an increasing demand for GIS technology, which provides a reliable and efficient solution for power transmission and distribution. As renewable energy continues to grow, the demand for GIS technology is expected to increase further in the coming years.
The gas-insulated substation (GIS) market is restrained by high initial investment costs. The upfront costs for GIS technology are typically higher than traditional air-insulated substations, which can deter some utilities and power companies from adopting this technology. While GIS technology offers several benefits, including higher reliability and lower maintenance requirements, the initial investment costs can be a significant barrier for some organizations. In addition, the cost of upgrading or replacing existing infrastructure to accommodate GIS technology can also be a challenge. As a result, some utilities and power companies may opt to stick with traditional air-insulated substations, which can be a more cost-effective option in the short term. Efforts are underway to reduce the cost of GIS technology and make it more accessible for a wider range of organizations.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Thousand Units) |
| Segmentation | By Voltage, Application and Region. |
| By Type |
|
| By Applications |
|
| By Region |
|
The development of smart grids presents a significant opportunity for the gas-insulated substation (GIS) market. As the world moves towards more efficient and reliable power distribution, smart grid technology is gaining popularity. GIS technology can play a critical role in the development of smart grids, providing a reliable and efficient solution for power transmission and distribution. GIS technology can be used to build high-voltage substations that can integrate with the smart grid system, enabling real-time monitoring and control of power supply. Additionally, GIS technology can help utilities and power companies manage their power networks more efficiently, reducing the risk of outages and improving overall system reliability. As the demand for smart grid technology continues to grow, the GIS market is expected to experience significant growth in the coming years.
The COVID-19 pandemic had negatively impacted the gas-insulated substation (GIS) market by disrupting global supply chains, resulting in delays and increased costs for GIS equipment manufacturers. Many GIS projects had delayed or put on hold due to restrictions on construction activities and supply chain disruptions. Additionally, the pandemic had resulted in an economic slowdown, which had reduced the demand for power and could impact the funding for GIS projects. Despite these challenges, those increased demand for infrastructure investment and digital solutions is expected to support the growth of the GIS market in the coming years.
Gas-Insulated Substation Market Segment Analysis
The high voltage segment is expected to be the largest contributor in the gas-insulated substation (GIS) market. High voltage GIS equipment is typically used for power transmission applications, and it offers several advantages over traditional air-insulated substations, including higher reliability, lower maintenance requirements, and a smaller footprint. As demand for reliable and efficient power transmission infrastructure continues to grow, the high voltage GIS segment is expected to experience significant growth in the coming years. Additionally, the increasing adoption of renewable energy sources and the development of smart grids are expected to drive demand for high voltage GIS equipment, further supporting the growth of this segment.
The power transmission utility segment is expected to hold the largest market share in the gas-insulated substation (GIS) market. Power transmission utilities are responsible for transmitting power from the generation source to the distribution network, and GIS technology is well-suited for this application due to its high reliability, low maintenance requirements, and smaller footprint. As demand for electricity continues to grow, power transmission utilities are investing in GIS technology to upgrade their existing infrastructure and build new substations. Additionally, government initiatives aimed at improving power infrastructure, increasing electrification rates, and reducing greenhouse gas emissions are expected to drive demand for GIS equipment in the power transmission utility segment. As a result, this segment is expected to continue to hold the largest market share in the GIS market in the coming years.
Gas-Insulated Substation Market Players
The gas-insulated substation market key players include ABB Group, CG Power and Industrial Solutions Ltd., Eaton Corporation PLC, General Electric Company, Hyosung Corporation, Mitsubishi Electric Corporation, Nissin Electric Co. Ltd., Schneider Electric SE, Siemens AG, Toshiba International Corporation.
For corporate expansion, these key leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Moreover, these participants are substantially spending on product development, which is fueling revenue generation.
Recent Developments:
April 2023 ABB invested $170 million in the US.
April 2023 Eaton announced it had completed the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Ryan), a manufacturer of power distribution and sub-transmission transformers in China with revenues of approximately $100 million in 2022.
Who Should Buy? Or Key stakeholders
- Investors
- Raw Materials Manufacturer
- Energy Companies
- Supplier and Distributor
- Government Organizations
- Research Organizations
- Regulatory Authorities
- Institutional & retail players
- Others
Gas-Insulated Substation Market Regional Analysis
The Gas-Insulated Substation market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
Asia Pacific is expected to be the dominant region in the gas-insulated substation (GIS) market. The region has a large population and rapid urbanization, which is driving the demand for reliable and efficient power supply. Additionally, countries in the region, such as China and India, are investing heavily in power transmission and distribution infrastructure to meet the growing demand for electricity. This is creating significant opportunities for GIS equipment manufacturers to provide high-voltage GIS solutions for power transmission applications. Moreover, government initiatives aimed at improving power infrastructure, increasing electrification rates, and reducing greenhouse gas emissions are expected to drive the growth of the GIS market in the region. As a result, Asia Pacific is expected to continue to be the dominant region in the GIS market in the coming years.
North America is a mature market for gas-insulated substation (GIS) technology, but it is expected to continue to invest in upgrading its existing infrastructure and building new substations to meet the growing demand for electricity. The increasing adoption of renewable energy sources and the development of smart grids are expected to drive demand for GIS equipment in the region. In addition, government initiatives aimed at reducing greenhouse gas emissions and improving the reliability and resiliency of the power grid are expected to create significant opportunities for GIS equipment manufacturers. The United States is the largest market for GIS technology in North America, driven by the increasing demand for electricity and the need to upgrade the aging power infrastructure. Canada is also expected to experience significant growth in the GIS market due to the increasing demand for electricity and the adoption of renewable energy sources.
Key Market Segments: Gas-Insulated Substation Market
Gas-Insulated Substation Market By Voltage, 2020-2029, (USD Billion), (Thousand Units)
- Medium Voltage
- High Voltage
- Extra High Voltage
Gas-Insulated Substation Market By Application, 2020-2029, (USD Billion), (Thousand Units)
- Power Transmission Utility
- Distribution Utility
- Generation Utility
Gas-Insulated Substation Market By Region, 2020-2029, (USD Billion), (Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the gas-insulated substation market over the next 7 years?
- Who are the major players in the gas-insulated substation market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, middle east, and Africa?
- How is the economic environment affecting the gas-insulated substation market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the gas-insulated substation market?
- What is the current and forecasted size and growth rate of the global gas-insulated substation market?
- What are the key drivers of growth in the gas-insulated substation market?
- What are the distribution channels and supply chain dynamics in the gas-insulated substation market?
- What are the technological advancements and innovations in the gas-insulated substation market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the gas-insulated substation market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the gas-insulated substation market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL GAS-INSULATED SUBSTATION MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON GAS-INSULATED SUBSTATION MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL GAS-INSULATED SUBSTATION MARKET OUTLOOK
- GLOBAL GAS-INSULATED SUBSTATION MARKET BY VOLTAGE, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- MEDIUM VOLTAGE
- HIGH VOLTAGE
- EXTRA HIGH VOLTAGE
- GLOBAL GAS-INSULATED SUBSTATION MARKET BY APPLICATION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- POWER TRANSMISSION UTILITY
- DISTRIBUTION UTILITY
- GENERATION UTILITY
- GLOBAL GAS-INSULATED SUBSTATION MARKET BY REGION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- ABB GROUP
- CG POWER AND INDUSTRIAL SOLUTIONS LTD.
- EATON CORPORATION PLC
- GENERAL ELECTRIC COMPANY
- HYOSUNG CORPORATION
- MITSUBISHI ELECTRIC CORPORATION
- NISSIN ELECTRIC CO. LTD.
- SCHNEIDER ELECTRIC SE
- SIEMENS AG
- TOSHIBA INTERNATIONAL CORPORATION *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY REGION (THOUSAND UNITS), 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GAS-INSULATED SUBSTATION MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GAS-INSULATED SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC GAS-INSULATED SUBSTATION MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC GAS-INSULATED SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GAS-INSULATED SUBSTATION MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GAS-INSULATED SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (USD BILLION), 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS), 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA GAS-INSULATED SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY VOLTAGE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY VOLTAGE, USD BILLION, 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL GAS-INSULATED SUBSTATION MARKET BY REGION, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â Â Â Â Â Â Â ABB GROUP: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â EATON CORPORATION PLC: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â HYOSUNG CORPORATION: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â NISSIN ELECTRIC CO. LTD.: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â SIEMENS AG: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â TOSHIBA INTERNATIONAL CORPORATION: COMPANY SNAPSHOT
FAQ
The global gas-insulated substation market is expected to grow at 9.35 % CAGR from 2020 to 2029. It is expected to reach above USD 40.91 Billion by 2029 from USD 18.30 Billion in 2020.
Asia Pacific held more than 46% of the gas-insulated substation market revenue share in 2020 and will witness tremendous expansion during the forecast period.
With the growing population and increasing urbanization, the demand for electricity is increasing rapidly. GIS technology provides a reliable and efficient solution for power transmission and distribution, making it an attractive option for utilities and power companies.
The energy and power sector are where the application of market has seen more.
The markets largest share is in the Asia Pacific region.
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