GIS Substations Market 2021-2031
New Study Reports " GIS Substations Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031" has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “GIS Substations Market ” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The GIS Substations Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the GIS Substations market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
According to study the GIS Substations market is projected to expand between 8% and 10% CAGR during the 2021 to 2031 assessment period. The market is anticipated to account significant growth on the back of increasing power industry, which accounts for prominent share of sales in the GIS substation market.
Electrification and modernization of government and private sector power systems are key factor fueling the market growth. This systems are primarily used in power systems owing to its high compactness and the space occupied by this systems is only about 10% of that of a conventional outdoor or AIS (Air Insulated Substation) substation.
Key Players:
The report has profiled some of the Important players prevalent in the global like – ABB, GE, Siemens, Hitachi Ltd., L&T, Toshiba Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Nissin Electric Co. Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the GIS Substations.
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What is Driving Demand for GIS Substations?
These substations are high voltage substation whose main assembly is confined in a sealed environment with sulfur hexafluoride gas as an insulating medium. A gas-insulated substation (GIS) uses a superior dielectric gas, SF6, at moderate pressure for phase-to phase and phase-to-ground insulation.
These substations are compact in shape and require comparatively less space than other substations. As the land value per hectare is increasing, the demand for compact systems is also increasing therefore boosting the market.
Increasing safety & reliability concerns related to substation security are expected to drive market in the forecast period. Longer shelf life and single time investment will remain prominent growth factors for the market.
What are the perceived challenges to the market Growth of GIS Substations?
This substation uses Sulfur hexafluoride gas as an insulating gas, however it is a greenhouse gas and is anticipated to negatively impact the market. Additionally high cost compared to traditional power stations are others factors which might hinder the growth of the market in the forecast period.
Key Segment
By Installation Type – Indoor, Outdoor
By Voltage Rating - Medium voltage (Up to 72.5 kV), High Voltage (72.5 kV – 220 kV), Extra High Voltage (220 kV – 765 kV)
By End User - Power transmission utility, Power distribution utility, Power generation utility, Other (heavy industries & railways)
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
GIS Substations Market Manufacturers
GIS Substations Market Distributors/Traders/Wholesalers
GIS Substations Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the GIS Substations Market Report:
- The GIS Substations Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the GIS Substations Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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