Gas Insulated Substation Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020
Transparency Market Research (http://www.transparencymarketresearch.com) includes new market research report "Gas Insulated Substation Market" to its huge collection of research reports.
Albany, NY -- (SBWire) -- 11/24/2014 --The increasing need for compact and low maintenance power systems had led to the emergence of gas insulated substations. These substations were developed in Japan because the country is in a high seismic zone and there was a need for substations which could be installed in small confined spaces. Gas insulated substations are much more reliable and more efficient than the counterpart air insulated substations. These high voltage substations can be installed in a small sealed environment with sulfur hexafluoride gas acting as the insulating medium. The demand for increased power generation in urban areas has led many countries to adopt high voltage substations. The gas insulated substations work reliably at high voltages and require very low operations and maintenance services. The air insulated substations are susceptible to rising pollution levels, thus such substations can effectively be substituted with gas insulated substations for continuous operations. The market for these substations is anticipated to rise at a substantial pace in the coming future due to increasing environmental concerns and scarcity of land in urban areas.
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The increasing cost of land and demand for compact power systems are the primary drivers bolstering the market for gas insulated substations. In urban areas where availability of land is a rising concern, gas insulated substations can be installed in small areas within a building. The total space required by a gas insulated substation is approximately 10% of that needed by conventional substations. In harsh environmental areas such as desert and arctic regions these substations provide reliable operating performance. As the voltage requirement of a region increases the requirement of gas insulated substations increases along with it. High cost compared to conventional substations is the primary restraint affecting the market growth of air insulated substations. Excessive damage is caused in case of an internal fault; this factor may also hamper the market of these high voltage substations.
The market for gas insulated substations can be segmented based on application and voltage type. Based on application the market can be categorized as power transmission and power distribution substation. The market can also be segmented based on voltage segments as high voltage, extra high voltage and extra high voltage. Depending upon the voltage requirements of the region the design configuration of the substation to be installed needs to carefully chosen.
The gas insulated substation market is anticipated to record impressive growth rate in the forecast period. Asia Pacific is investing in this segment rapidly and many new power projects have successfully installed gas insulated substations for reliable power availability. The increasing demand of power from this region will further enhance the requirement of these substations. Europe is replacing its old substation infrastructure with improved gas insulated substations. In the recent years, many North European countries have successfully installed these systems to improve their power generation infrastructure. North America has also intensively invested in power infrastructural development and in this course they have installed several gas insulated substations. The Bergen switching station is the largest gas insulated substation of North America which operates with 80 kA short circuit breaking capacity.
Some of the major market players in the gas insulated substation market are Alstom Power, Crompton Greaves, KEC International, Black and Veatch, KEPCO Engineering, Beta Engineering, ABB Power Ltd.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include:
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
This report provides comprehensive analysis of:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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