Publication Month: Nov 2017 | Report Code: TIPTE100000459 | No. of Pages: 170 | Category: Energy and Power | Status: Published
The world is experiencing a significant rise in demand for energy efficient power generation systems as the power consumption has increased heavily over the past decades. It is anticipated that, the power consumption will grow further with the increased usage of electronic gadgets, vehicles, and electronic appliances in the developed countries as well as in few developing countries. This has led to adoption of gas insulated substations (GIS), which is highly energy efficient and can transmit more than 5 times of power as compared to the conventional system which is air insulated substation. The gas used in gas insulated substations is sulphur hexafluoride (SF6). This gas is highly energy efficient and owing to this benefit, the end users are rapidly adopting these gas insulated substations for new installations as well as up gradation of traditional substations in order to meet the surging demand for power generation. Subsequently, driving the growth for gas insulated substation market in the coming years.
The demand for mobile gas insulated substations has gained significant traction in the global gas insulated substation market across different region in order to generate maximum power in areas with confined lands. The major advantage of gas insulated substations is the compact size of the system over air insulated substations. Owing to this factor, the mining sector, construction industry, oil & gas industry, as well as marine ports are increasingly adopting the mobile gas insulated substations. The primary advantage of mobile gas insulated substations is it can be easily moved to one place to another and can be reconfigured according to the project that changes over a period. Another benefit of mobile gas insulated substations is that the systems are integrated with high end shock absorbers which allow the vehicle to move through rough terrains. Moreover, these mobile gas insulated substations are capable of operating at harsh temperatures with disruptions and are corrosion resistant. The electromagnetic compatibility integrated in the mobile gas insulated substations complete protection of operating personnel and surrounding environment as well as reduces the overall noise to absolute minimum. Thus, the growing popularity of mobile based substation is expected to provide numerous profitable opportunities for the gas insulated substation market players in the coming years.
In the global gas insulated substation market for the power transmission & distribution segment by application, the power transmission and distribution is the main function of gas insulated substations, where the power generated from power plants are received and then transmitted to various region situated at a long distance from the power generation plants. The major advantage of installing GIS to transmit and distribute power is the compact design of gas insulated substations, which enables the substation to be installed in a confined space. The GIS are compact in design but are capable of transmitting and distributing heavy loads than the power of an air insulated substation. The market for gas insulated substation is poised to grow during the forecast period from 2017 to 2025, owing to the up gradation of existing or traditional power transmission and distribution centers in few developed countries to gas insulated substations, which provide more power over a longer distance. Thus, the power transmission & distribution segment by application for gas insulated substation market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.
For the global gas insulated substation market, the high voltage transmitting gas insulated substations are most widely used GIS across the globe owing to the various advantages. High-voltage substations are power grid nodes at which power from different generating sources is pooled, distributed, transformed, and delivered to the load points. The high voltage transmitting gas insulated substations are easily available with huge range of power transmission capability ranging from 72.5 kV to 550 kV over a long area. The high voltage GIS provides ideal solutions for all outdoor and indoor switching applications with higher performance. The market for high voltage gas insulated substation is fueled by the demand for increase in need for energy efficient power transmission mechanism, as these high voltage GIS are much more energy efficient as compare to the traditional air insulated substations. Another major factor boosting the market for high voltage GIS is the easy installation and operations of the high voltage GIS that increases the reliability on the system. The high voltage gas insulated segment is expected to grow at a CAGR of 19.7% during the forecast period.
Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global gas insulated substation market. Few of the recent strategies by some of the players’ operating in the gas insulated substation market landscape are listed below-
2017: Siemens supplies two Gas-Insulated high-voltage switchgear (GIS) for the Rogun hydropower plant in Tajikistan. This solution would prevent from short circuits and overloading during the power generation and transmission process.
2016: Verimatrix and Access Co., Ltd. has extended their partnership to secure and improve the convergence of IP services and traditional broadcast infrastructure. Access Co., Ltd. is a Japan based company that provides a range of software for mobile and connected devices.
2016: GE and LSIS, a solution provider of electric power system, automation, and Smart grid solutions, signed a Memorandum of Understanding (MoU) for cooperation in power, smart energy, and smart factory solutions. As a part of MoU, both companies are expected to co-develop SF6 free power equipment for 400 kV Gas Insulated Busducts (GIB) and 170 kV Gas Insulated Substations (GIS).
GLOBAL GAS INSULATED SUBSTATION MARKET SEGMENTATION