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Gas Insulated Substation Market 2025 – Global Analysis and Forecasts by Voltage Types (High Voltage & Ultra High Voltage) & Application (Power Transmission and Distribution & Manufacturing and Processing)

Publication Month: Nov 2017 | No. of Pages: 170 | Report Code: TIPTE100000459 | Category: Manufacturing and Construction | Status: Published
       
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  • The global Gas Insulated Substation market is estimated to grow at a CAGR of 19.4% during the forecast period 2017 – 2025 and accounts for US$ 41,059.8 Mn in the year 2025.

    Gas insulated substations are one kind of power generation and distribution centers used for transmitting electricity using a human made gas known as Sulphur hexafluoride (SF6). There are two types of gas insulated substations such stationery and mobile gas insulated substations. The market for gas insulated substations is poised to grow over the years owing to the huge demand for power generation in the urban areas where the availability of space is limited to accommodate air insulated substations. Furthermore, the established companies as well as the emerging companies in the industry are researching on development of robust technologies in order to enhance the operation of gas insulated substations and meet the surging demand for power generation.

    In our study, we have segmented the Gas Insulated Substation market by voltage type and application. High voltage and ultra-high voltage are the voltage types used for gas insulated substations. Moreover, the applications of gas insulated substations have been segmented as power transmission & distribution and manufacturing & processing. On the basis of geography, the Gas Insulated Substation market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).

    The market for gas insulated substation is influenced by various factors such as easy installation and operation of the mechanism and low maintenance of the system, long life span of the systems and increased reliability of the system over air insulated substations. Moreover, due to growing demand for power generation in developed countries as well as developing countries, the need for compact size gas insulated substation is increasing rapidly, which in turn is leading the market to grow significantly.

    However, the gas insulated substations are much costlier than the conventional air insulated substations, which is a major factor hampering the market for gas insulated substation to grow. Nonetheless, the rising demand for mobile gas insulated substations are increasing rapidly in various industrial purpose such as mining, oil & gas exploration and construction among others are expected to propel the growth of the market for gas insulated substation in the coming years.

    Middle East & Africa is expected to be the fastest growing region in the gas insulated substation market during the forecast period from 2017 to 2025. The major factors driving the GIS market in the region is anticipated to be the growing urbanization and industrialization in the region, which is leading to huge demand of electricity generation and distribution across the region. In addition, the growing urbanization and commercialization is leading to space constraints in the region, which is also a positive factor driving the market for gas insulated substations since, the GIS requires very less space as compared to air insulated substations. Some of the global key players operating in the Gas Insulated Substation market are Toshiba International Corporation, General Electric Company, ABB, Schneider Electric SE and Eaton. Also, CG Power and Industrial Solutions, Hyosung Corporation, Mitsubishi Electric Company, Siemens AG and Nissin Electric Co Ltd. are other key companies in the gas insulated substation market.

    Table of Contents

    1. Table of Contents 2
    1.1 List of Tables 8
    1.2 List of Figures 9
    2 Introduction 12
    2.1 Scope of the Study 12
    2.2 The Insight Partners Research Report Guidance 12
    3 Key Takeaways 14
    4 Market Landscape 18
    4.1 Market Overview 18
    4.2 Market Segmentation 19
    4.3 Global Gas Insulated Substation Market – By Voltage Type 20
    4.4 Global Gas Insulated Substation Market – By Application 21
    4.5 Global Gas Insulated Substaion Market – By Geography 21
    4.6 PEST Analysis 23
    4.6.1 North America PEST Analysis 23
    4.6.2 Europe PEST Analysis 26
    4.6.3 Asia Pacific PEST Analysis 28
    4.6.4 Middle East & Africa PEST Analysis 30
    4.6.5 South America PEST Analysis 33
    5 Global Gas Insulated Substation – Key Market Dynamics 35
    5.1 Key Market Drivers 35
    5.1.1 Demand for More Reliable, Long Life Span and Less Maintenance Systems 35
    5.1.2 Growing Demand for Energy Efficient Power Generation Systems 35
    5.1.3 Upgradation of Conventional Substation Systems 36
    5.1.4 Easy Installation and Operations 36
    5.2 Key Market Restraints 37
    5.2.1 Huge Initial Investments 37
    5.2.2 Adverse Effect of Sulphur Hexafluoride (SF6) on Environment 37
    5.3 Key Market Opporunities 38
    5.3.1 Mobile Substations Fueling the Market 38
    5.4 Future Trends 39
    5.4.1 Replacement of Sulphur Hexafluoride as the Insulating Medium 39
    5.5 Impact Analysis of Drivers and Restraints 40
    6 Gas Insulated Substation Market – Global 41
    6.1 Global Gas Insulated Substation Market Overview 41
    6.2 Global Gas Insulated Substation Market Forecast and Analysis 43
    7 Global Gas Insulated Substation Market Analysis – By Voltage Type 44
    7.1 Overview 44
    7.2 High Voltage Gas Insulated Substation 46
    7.2.1 Overview 46
    7.2.2 Global High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 46
    7.3 Ultra-High Voltage Gas Insulated Substation 48
    7.3.1 Overview 48
    7.3.2 Global Ultra-High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 48
    8 Global Gas Insulated Substation Market Analysis – By Application 50
    8.1 Overview 50
    8.2 Power Transmission and Distribution 52
    8.2.1 Overview 52
    8.2.2 Global Power Transmission and Distribution Market Revenue and Forecasts to 2025 (US$ Mn) 52
    8.3 Manufacturing and Processing 54
    8.3.1 Overview 54
    8.3.2 Global Manufacturing and Processing Market Revenue and Forecasts to 2025 (US$ Mn) 54
    9 Global Gas Insulated Substations Market – Geographical Analysis 56
    9.1 Overview 56
    9.2 North America Gas Insulated Substations Market Revenue and Forecasts to 2025 57
    9.2.1 Overview 57
    9.2.2 North America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 57
    9.2.3 North America Gas Insulated Substations Market Breakdown by Key Countries 59
    9.2.3.1 U.S. Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 60
    9.2.3.2 Canada Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 61
    9.2.3.3 Mexico Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 62
    9.2.4 North America Gas Insulated Substations Market Breakdown by Voltage Type 62
    9.2.5 North America Gas Insulated Substations Market Breakdown by Application 64
    9.3 Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 66
    9.3.1 Overview 66
    9.3.2 Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 66
    9.3.3 Europe Gas Insulated Substations Market Breakdown by Key Countries 68
    9.3.3.1 France Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 69
    9.3.3.2 Germany Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 70
    9.3.3.3 U.K Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 71
    9.3.3.4 Italy Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 72
    9.3.3.5 Spain Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 73
    9.3.4 Europe Gas Insulated Substations Market Breakdown by Voltage Type 74
    9.3.5 Europe Gas Insulated Substations Market Breakdown by Application 75
    9.4 Asia Pacific (APAC) Gas Insulated Substations Market Revenue and Forecasts to 2025 77
    9.4.1 Overview 77
    9.4.2 Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 77
    9.4.3 Asia Pacific Gas Insulated Substations Market Breakdown by Key Countries 79
    9.4.3.1 China Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 80
    9.4.3.2 India Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 81
    9.4.3.3 Australia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 82
    9.4.3.4 Japan Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 83
    9.4.4 Asia Pacific Gas Insulated Substations Market Breakdown by Voltage Type 84
    9.4.5 Asia Pacific Gas Insulated Substations Market Breakdown by Application 85
    9.5 Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 87
    9.5.1 Overview 87
    9.5.2 Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 87
    9.5.3 Middle East & Africa Gas Insulated Substations Market Breakdown by Key Countries 89
    9.5.3.1 Saudi Arabia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 90
    9.5.3.2 U.A.E Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 91
    9.5.3.3 South Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 92
    9.5.4 Middle East & Africa Gas Insulated Substations Market Breakdown by Voltage Type 93
    9.5.5 Middle East Gas Insulated Substations Market Breakdown by Application 95
    9.6 South America (SAM) Gas Insulated Substations Market Revenue and Forecasts to 2025 97
    9.6.1 Overview 97
    9.6.2 Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 97
    9.6.3 South America Gas Insulated Substations Market Breakdown by Key Countries 99
    9.6.3.1 Brazil Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 100
    9.6.3.2 Rest of South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 101
    9.6.4 South America Gas Insulated Substations Market Breakdown by Voltage Type 102
    9.6.5 South America Gas Insulated Substations Market Breakdown by Application 103
    10 Industry Landscape 105
    10.1 Market Initiative 105
    10.2 Merger and Acquisition 107
    10.3 New Development 108
    11 Competitive Landscape 109
    11.1 Competitive Product Mapping 109
    11.2 Market Positioning – Global Top 5 Players Ranking 112
    12 Global Gas Insulated Substation Market – Key Company Profiles 113
    12.1 ABB 113
    12.1.1 Key Facts 113
    12.1.2 Business Description 113
    12.1.3 Financial Overview 115
    12.1.4 SWOT Analysis 116
    12.1.5 Key Developments 118
    12.2 CG Power and Industrial Solutions Ltd. 119
    12.2.1 Key Facts 119
    12.2.2 Business Description 119
    12.2.3 Financial Overview 120
    12.2.4 SWOT Analysis 121
    12.2.5 Key Developments 123
    12.3 Eaton 125
    12.3.1 Key Facts 125
    12.3.2 Business Description 125
    12.3.3 Financial Overview 126
    12.3.4 SWOT Analysis 127
    12.3.5 Key Developments 128
    12.4 General Electric Company 129
    12.4.1 Key Facts 129
    12.4.2 Business Description 129
    12.4.3 Financial Overview 130
    12.4.4 SWOT Analysis 131
    12.4.5 Key Developments 133
    12.5 Hyosung Corporation 135
    12.5.1 Key Facts 135
    12.5.2 Business Description 135
    12.5.3 Financial Overview 136
    12.5.4 SWOT Analysis 136
    12.5.5 Key Developments 139
    12.6 Mitsubishi Electric Corporation 140
    12.6.1 Key Facts 140
    12.6.2 Business Description 140
    12.6.3 Financial Overview 141
    12.6.4 SWOT Analysis 142
    12.6.5 Key Developments 145
    12.7 Nissin Electric Co. Ltd. 146
    12.7.1 Key Facts 146
    12.7.2 Business Description 146
    12.7.3 Financial Overview 147
    12.7.4 SWOT Analysis 147
    12.7.5 Key Developments 149
    12.8 Schneider Electric SE 150
    12.8.1 Key Facts 150
    12.8.2 Business Description 150
    12.8.3 Financial Overview 151
    12.8.4 SWOT Analysis 152
    12.8.5 Key Developments 154
    12.9 Siemens AG 155
    12.9.1 Key Facts 155
    12.9.2 Business Description 155
    12.9.3 Financial Overview 156
    12.9.4 SWOT Analysis 157
    12.9.5 Key Developments 159
    12.10 Toshiba International Corporation 161
    12.10.1 Key Facts 161
    12.10.2 Business Description 161
    12.10.3 Financial Overview 162
    12.10.4 SWOT Analysis 163
    12.10.5 Key Developments 164
    13 Appendix 166
    13.1 About The Insight Partners 166
    13.2 Glossary of Terms 167
    13.3 Methodology 168
    13.3.1 Coverage 168
    13.3.2 Secondary Research 168
    13.3.3 Primary Research 169
    13.4 Contact Us 170
    13.5 Disclaimer 170


    1.1 List of Tables

    Table 1: Global Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 43
    Table 2: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 63
    Table 3: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 65
    Table 4: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 75
    Table 5: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 76
    Table 6: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 85
    Table 7: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 86
    Table 8: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 94
    Table 9: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 96
    Table 10: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 103
    Table 11: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 104
    Table 12: Glossary of Terms, Gas Insulated Substation Market 167


    1.2 List of Figures

    Figure 1: Global Gas Insulated Substation Market, Revenue (US$ Mn), 2016 & 2025 14
    Figure 2: Middle East & Africa Gas Insulated Substation Market, Revenue (US$ Mn), 2016 & 2025 15
    Figure 3: Global Gas Insulated Substation Market by Voltage Types, Revenue (US$ Mn), 2017 16
    Figure 4: Global Gas Insulated Substation Market by Application, Revenue (US$ Mn), 2017 17
    Figure 5: Gas Insulated Substation Market Segmentation 19
    Figure 6: Gas Insulated Substation Market Segmentation 20
    Figure 7: North America PEST Analysis 23
    Figure 8: Europe PEST Analysis 26
    Figure 9: APAC PEST Analysis 28
    Figure 10: MEA PEST Analysis 30
    Figure 11: SAM PEST Analysis 33
    Figure 12: Gas Insulated Substation Market Impact Analysis of Driver and Restraints 40
    Figure 13: Global Gas Insulated Substation Market 41
    Figure 14: Global Gas Insulated Substation Market Breakdown By Voltage Types, 2016 & 2025 (%) 44
    Figure 15: Global High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 47
    Figure 16: Global Ultra-High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 49
    Figure 17: Global Gas Insulated Substation Market Breakdown By Application, 2016 & 2025 (%) 50
    Figure 18: Global Power Transmission and Distribution Market Revenue and Forecasts to 2025 (US$ Mn) 53
    Figure 19: Global Manufacturing and Processing Market Revenue and Forecasts to 2025 (US$ Mn) 55
    Figure 20: Gas Insulated Substations Market, Global Breakdown by Regions, 2016 & 2025 (%) 56
    Figure 21: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 58
    Figure 22: North America Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 59
    Figure 23: U.S. Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 60
    Figure 24: Canada Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 61
    Figure 25: Mexico Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 62
    Figure 26: North America Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 63
    Figure 27: North America Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 64
    Figure 28: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 67
    Figure 29: Europe Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 68
    Figure 30: France Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 69
    Figure 31: Germany Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 70
    Figure 32: U.K Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 71
    Figure 33: Italy Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 72
    Figure 34: Spain Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 73
    Figure 35: Europe Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 74
    Figure 36: Europe Gas Insulated Substations Market Breakdown by Applications, 2016 & 2025 (%) 75
    Figure 37: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 78
    Figure 38: Asia Pacific Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 79
    Figure 39: China Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 80
    Figure 40: India Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 81
    Figure 41: Australia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 82
    Figure 42: Japan Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 83
    Figure 43: Asia Pacific Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 84
    Figure 44: Asia Pacific Gas Insulated Substations Market Breakdown by Applications, 2016 & 2025 (%) 85
    Figure 45: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 88
    Figure 46: Middle East & Africa Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 89
    Figure 47: Saudi Arabia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 90
    Figure 48: U.A.E Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 91
    Figure 49: South Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 92
    Figure 50: Middle East & Africa Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 93
    Figure 51: Middle East & Africa Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 95
    Figure 52: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 98
    Figure 53: South America Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 99
    Figure 54: Brazil Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 100
    Figure 55: Rest of South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 101
    Figure 56: South America Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 102
    Figure 57: South America Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 103

    The List of Companies

    1. Schneider Electric SE
    2. Siemens AG
    3. ABB Group
    4. Eaton Corporation Limited
    5. Mitsubishi Electric Corporation
    6. General Electric
    7. Crompton Greaves Limited
    8. Toshiba Corporation
    9. Alstom SA
    10. Nissin Electric Co. Ltd.

    Highlights key business priorities in order to assist companies to realign their business strategies.

    - The key findings and recommendations highlight crucial progressive industry trends in the gas insulated substations market, thereby allowing players to develop effective long term strategies.

    - Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

    - Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

    - Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.