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Gas-Insulated Substation Market by Voltage Type (Medium, High, Extra High), Installation (Indoor, Outdoor), Output Power, End User (Power Transmission Utility, Distribution Utility, Generation Utility), Region - Global Forecast to 2023

  • ID: 4727287
  • Report
  • Region: Global
  • 133 Pages
  • Markets and Markets
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The Gas-Insulated Substation Market is Projected to Grow at a CAGR of 9.27%, from 2018 to 2023

FEATURED COMPANIES

  • ABB
  • Elsewedy Electric
  • General Electric
  • Hitachi
  • Hyosung
  • Larsen & Toubro
  • MORE

The gas-insulated substation market is projected to grow at a CAGR of 9.27%, from 2018 to 2023.

The gas-insulated substation market is projected to reach USD 29.5 billion by 2023, from an estimated USD 18.9 billion in 2018, at a CAGR of 9.27%. This growth is primarily due to the rise in renewable power generation, increasing investments in the transmission & distribution infrastructure, escalating energy demand, limitations of space availability in densely populated urban areas, and government initiatives toward improving electricity access. The high installation cost can act as a restraint for gas-insulated substations.

The medium voltage segment is expected to grow at the highest CAGR from 2018 to 2023.

Medium voltage gas insulated substation is expected to grow at the highest CAGR from 2018 to 2023. The market is primarily driven due to the rapid improvement in the power distribution sector through the implementation of smart grid and smart metering technology. This equipment is mainly used by the core sector, power generation, infrastructure, transportation, and distribution system industries. They are also used for the protection of industrial equipment such as generators, motors and compressors, HVAC and air-conditioning, heating and lighting equipment, step-up transformer bushing, and overload current.

Asia Pacific: The largest market for gas-insulated substations.

Asia Pacific is expected to account for the largest market share of the global gas-insulated substation market in 2018. This trend is projected to continue until 2023. It is the most populated region in the world and consequently witnesses a high demand for electricity. Countries such as China, Japan, and India are investing in their grid expansion projects to increase distribution grid reliability. China accounted for the largest share of the gas-insulated substation market in Asia Pacific in 2017 and is estimated to have the highest installed generation and distribution capacity during the forecast period. China, which is an export-oriented economy, has witnessed exponential growth in demand for electricity in the past couple of decades, fuelled by industrialization and infrastructural developments. Almost all the countries in the region are augmenting their generation capacities. India, China, and Indonesia are investing heavily in their hydroelectric power projects. Japan, China, and India are also emphasizing on nuclear and solar power generation to meet their increasing energy demand. This has led to a rise in investments in the transmission & distribution sector by connecting renewable energy generation to the grid and are expected to drive the growth of the gas-insulated substation market in Asia Pacific.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1– 70%, Tier 2 – 20%, and Tier 3–10%
  • By Designation: C-Level - 50%, Director Level - 20%, and Others - 30%
  • By Region: North America - 40%, Asia Pacific - 21%, Europe - 15%, The Middle East & Africa - 13%, and South America - 11%

Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

The leading players in the gas-insulated substation market include ABB (Switzerland), Hitachi (Japan), Siemens (Germany), and Toshiba (Japan). 

Research Coverage:
The report defines, describes, and forecasts the global gas-insulated substation market, by voltage type, installation, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the gas-insulated substation market.

Key Benefits of Buying the Report
The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall gas-insulated substation market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Elsewedy Electric
  • General Electric
  • Hitachi
  • Hyosung
  • Larsen & Toubro
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Methodology Scope
2.2 Market Size Estimation
2.2.1 Ideal Demand-Side Analysis
2.2.1.1 Assumptions
2.2.1.2 Calculation
2.2.2 Supply-Side Analysis
2.2.2.1 Assumptions
2.2.2.2 Calculation
2.2.3 Forecast
2.3 Statistics
2.3.1 T&D Investment, By Region (2014–2035)
2.4 Some of the Insights of Industry Experts

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Gas-Insulated Substation Market
4.2 Asia Pacific Gas-Insulated Substation Market Size, By End-User & Country
4.3 Gas-Insulated Substation Market, By Country
4.4 Gas-Insulated Substation Market, By Voltage Rating
4.5 Gas-Insulated Substation Market, By Voltage Rating
4.6 Gas-Insulated Substation Market, By Installation

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Energy Demand and Space Constraint in Densely Populated Urban Areas
5.2.1.2 Increasing Investments in T&D Sector
5.2.2 Restraints
5.2.2.1 High Cost of Equipment as Compared to Air-Insulated Substation
5.2.2.2 Stringent Environmental & Safety Regulations
5.2.3 Opportunities
5.2.3.1 Development of an Environment-Friendly Alternative to Sf6 Gas
5.2.3.2 Adoption of the HVDC Technology
5.2.4 Challenges
5.2.4.1 Delays in Grid Expansion Projects

6 Gas-Insulated Substation Market, By Voltage
6.1 Introduction
6.2 Medium Voltage
6.2.1 Rapid Development of Residential and Commercial Infrastructure
6.3 High Voltage
6.3.1 Increasing Investments for Power Generation Plants
6.4 Extra-High Voltage
6.4.1 Rising Focus on Development of Power Transmission for Long Distance

7 Gas-Insulated Substation Market, By Installation
7.1 Introduction
7.2 Indoor
7.2.1 Increasing Investments in the Energy Sector Across the Nation
7.3 Outdoor
7.3.1 Rising Focus on Development of Power Transmission and Distribution for Long Distance

8 Gas-Insulated Substation Market, By End-User
8.1 Introduction
8.2 Power Transmission Utility
8.2.1 Increasing Investment for Development of Transmission Grid Expansion and Refurbishment
8.3 Power Distribution Utility
8.3.1 Space Constraint Meanwhile Rising Demand for Electricity
8.4 Power Generation Utility
8.4.1 Rising Demand for Efficient and Long- Lasting Power Infrastructure
8.5 Others

9 Gas-Insulated Substation, By Region
9.1 Introduction
9.2 North America
9.2.1 By Voltage Type
9.2.2 By Installation
9.2.3 By End-User
9.2.4 By Country
9.2.4.1 US
9.2.4.1.1 Increasing Investments for Replacing and Refurbishing the AGED Transmission Infrastructure
9.2.4.2 Canada
9.2.4.2.1 Rising Number of Projects From Renewables, Especially Offshore Wind, Which Demands Further Substations to Connect Electricity to Grid
9.2.4.3 Mexico
9.2.4.3.1 Improving and Modernizing Transmission & Distribution Networks Under Government's Reforms
9.3 Asia Pacific
9.3.1 By Voltage Type
9.3.2 By Installation
9.3.3 By End-User
9.3.4 By Country
9.3.4.1 China
9.3.4.1.1 Rising Demand for Efficient and Long-Lasting Power Infrastructure
9.3.4.2 India
9.3.4.2.1 Increased Transformation Capacity Along With Demand for 765 Kv Transmission Lines
9.3.4.3 Japan
9.3.4.3.1 Renovation of Grid Infrastructure to Integrate It With Distributed Energy Sources
9.3.4.4 Australia
9.3.4.4.1 Adoption of New Technologies, Including Electric Vehicles, Requiring Advanced Substations for Power Reliability
9.3.4.5 South Korea
9.3.4.5.1 Rising Demand for Power From Densely Populated Areas Along With Modernization of Grid
9.3.4.6 Indonesia
9.3.4.6.1 Increasing Demand for Electricity and Plan to Develop Small and Medium Wind Energy Systems
9.3.4.7 Rest of Asia Pacific
9.4 Europe
9.4.1 By Voltage Type
9.4.2 By Installation
9.4.3 By End-User
9.4.4 By Country
9.4.4.1 UK
9.4.4.1.1 Rapid Development of ICT Buildings and AGED Infrastructure
9.4.4.2 Germany
9.4.4.2.1 Continuous Electricity Addition Through Renewables Along With Construction of HVDC Lines
9.4.4.3 France
9.4.4.3.1 Reducing Power Dependence on Nuclear Sources and Increased Demand for Grid Infrastructure to Connect Renewables to Grid
9.4.4.4 Spain
9.4.4.4.1 Decentralization of Power Sector Along With Grid Interconnectivity
9.4.4.5 Norway
9.4.4.5.1 Construction of 420 Kv of Transmission Lines for Increased Wind Production
9.4.4.6 Rest of Europe
9.5 Middle East & Africa
9.5.1 By Voltage Type
9.5.2 By Installation
9.5.3 By End-User
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.1.1 Plans for Construction of High Voltage Transmission Networks Along With Establishment of New Transmission Substations
9.5.4.2 UAE
9.5.4.2.1 Energy Generation Through Nuclear Reactors, Demanding for Adequate Transmission Infrastructure
9.5.4.3 South Africa
9.5.4.3.1 Rising Focus on Development of High Voltage Transmission Network
9.5.4.4 Egypt
9.5.4.4.1 Development of Power Infrastructure to Cater to the Rapidly Growing Power Demand
9.5.4.5 Kuwait
9.5.4.5.1 Space Constraint and Rising Demand for Electricity, Driving Construction of Space Efficient Gas-Insulated Substation
9.5.4.6 Rest of the Middle East & Africa
9.6 South America
9.6.1 By Voltage Type
9.6.2 By Installation
9.6.3 By End-User
9.6.4 By Country
9.6.4.1 Brazil
9.6.4.1.1 Increasing Dependence on Hydroelectric Power Source, Driving the Demand for Substations
9.6.4.2 Argentina
9.6.4.2.1 Construction Plans for 500 Kv High Voltage Transmission Lines By 2018
9.6.4.3 Chile
9.6.4.3.1 Rising Investments in Energy Sector Across the Nation
9.6.4.4 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players
10.3 Competitive Scenario
10.3.1 New Product Development
10.3.2 Expansions & Investments
10.3.3 Contracts & Agreements
10.3.4 Mergers & Acquisitions
10.4 Micro Quadrant Overview
10.4.1 Visionary Leaders:
10.4.2 Innovators:
10.4.3 Dynamic Differentiators:

11 Company Profile
11.1 Company Benchmarking
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.2 Hitachi
11.3 General Electric
11.4 ABB
11.5 Mitsubishi Electric
11.6 Toshiba Corporation
11.7 Larsen & Toubro
11.8 Siemens AG
11.9 CG Power and Industrial Solutions
11.10 Hyosung
11.11 Bharat Heavy Electricals Limited
11.12 Tbea Co. Ltd.
11.13 Elsewedy Electric

*Details on Business Overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.1 Knowledge Store: Subscription Portal
12.2 Available Customizations
12.3 Related Reports
12.4 Author Details

List of Tables
Table 1 Gas-Insulated Substation Market Snapshot
Table 2 Global Urban Population Overview, By Region, 1990, 2014, 2050
Table 3 Global T&D Infrastructure Expansion Plans
Table 4 Key HVDC Projects By Abb
Table 5 Gas-Insulated Substation Market Size, By Voltage, 2016–2023 (USD Million)
Table 6 Medium Voltage: Market Size, By Region, 2016–2023 (USD Million)
Table 7 High Voltage: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Extra-High Voltage: Market Size, By Region, 2016–2023 (USD Million)
Table 9 Gas-Insulated Substation Market Size, By Installation, 2016–2023 (USD Million)
Table 10 Asia Indoor: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Outdoor: Market Size, By Region, 2016–2023 (USD Million)
Table 12 Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Billion)
Table 13 Power Transmission Utility: Gas-Insulated Substation Market Size, By Region, 2016–2023 (USD Million)
Table 14 Power Distribution Utility: Market Size, By Region, 2016–2023 (USD Million)
Table 15 Power Generation Utility: Gas-Insulated Substation Market Size, By Region, 2016–2023 (USD Million)
Table 16 Others: Market Size, By Region, 2016–2023 (USD Million)
Table 17 Gas-Insulated Substation Market, By Region, 2016–2023 (USD Million)
Table 18 Market, By Top Country, 2016–2023 (USD Million)
Table 19 North America: Gas-Insulated Substation Market Size, By Voltage Type, 2016–2023 (USD Million)
Table 20 North America: Market Size, By Installation, 2016–2023 (USD Million)
Table 21 North America: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 22 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 23 US: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 24 Canada: Market Size, By End-User, 2016–2023 (USD Million)
Table 25 Mexico: Market Size, By End-User, 2016–2023 (USD Million)
Table 26 Asia Pacific: Gas-Insulated Substation Market Size, By Voltage Type, 2016–2023 (USD Million)
Table 27 Asia Pacific: Market Size, By Installation, 2016–2023 (USD Million)
Table 28 Asia Pacific: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 29 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 30 China: Market Size, By End-User, 2016–2023 (USD Million)
Table 31 India: Market Size, By End-User, 2016–2023 (USD Million)
Table 32 Japan: Market Size, By End-User, 2016–2023 (USD Million)
Table 33 Australia: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 34 South Korea: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Indonesia: Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Rest of Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 37 Europe: Gas-Insulated Substation Market Size, By Voltage Type, 2016–2023 (USD Million)
Table 38 Europe: Market Size, By Installation, 2016–2023 (USD Million)
Table 39 Europe: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 40 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 41 UK: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Germany: Market Size, By End-User, 2016–2023 (USD Million)
Table 43 France: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 44 Spain: Market Size, By End-User, 2016–2023 (USD Million)
Table 45 Norway: Market Size, By End-User, 2016–2023 (USD Million)
Table 46 Rest of Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 47 Middle East & Africa: Gas-Insulated Substation Market Size, By Voltage Type, 2016–2023 (USD Million)
Table 48 Middle East & Africa: Market Size, By Installation, 2016–2023 (USD Million)
Table 49 Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Middle East & Africa: Market Size, By Country, 2016–2023 (USD Million)
Table 51 Saudi Arabia: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 52 UAE: Market Size, By End-User, 2016–2023 (USD Million)
Table 53 South Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 54 Egypt: Market Size, By End-User, 2016–2023 (USD Million)
Table 55 Kuwait: Market Size, By End-User, 2016–2023 (USD Million)
Table 56 Rest of Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 57 South America: Gas-Insulated Substation Market Size, By Voltage Type, 2016–2023 (USD Million)
Table 58 South America: Market Size, By Installation, 2016–2023 (USD Million)
Table 59 South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 60 South America: Market Size, By Country, 2016–2023 (USD Million)
Table 61 Brazil: Gas-Insulated Substation Market Size, By End-User, 2016–2023 (USD Million)
Table 62 Argentina: Market Size, By End-User, 2016–2023 (USD Million)
Table 63 Chile: Market Size, By End-User, 2016–2023 (USD Million)
Table 64 Rest of South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 65 Developments of Key Players in the Market, 2014–November 2018

List of Figures
Figure 1 Substation Installation of Key End-User Industries is the Major Determining Factor for Gas-Insulated Substations
Figure 2 Asia Pacific Held the Largest Share of the Gas-Insulated Substation Market in 2017
Figure 3 High Voltage Segment of the Gas-Insulated Substation Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 4 Power Transmission Utility Segment, By End-User, is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 5 Outdoor Type Segment of the Gas-Insulated Substation Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 6 Rising Investments in Transmission & Distribution Infrastructure are Expected to Drive the Gas-Insulated Substation Market During the Forecast Period
Figure 7 Power Transmission Utility Segment & the Chinese Market Held the Maximum Share of the Gas-Insulated Substation Market in Asia Pacific in 2017
Figure 8 Saudi Arabia is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 High Voltage Segment is Expected to Dominate the Gas-Insulated Substation Market During the Forecast Period
Figure 10 Indoor Segment is Expected to Dominate the Gas-Insulated Substation Market During the Forecast Period
Figure 11 Indoor Segment By Installation, is Expected to Dominate the Gas-Insulated Substation Market During the Forecast Period
Figure 12 Gas-Insulated Substation: Drivers, Restraints, Opportunities, & Challenges
Figure 13 Gas-Insulated Substation Market for High Voltage is Expected to Hold the Largest Market Share By 2023
Figure 14 Outdoor Installation Segment is Expected to Have the Highest Growth During the Forecast Period
Figure 15 Power Transmission Utility Segment is Expected to Hold the Largest Market Share in 2023
Figure 16 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Gas-Insulated Substation Market Share (Value), By Region, 2017
Figure 18 Asia Pacific: Market Snapshot
Figure 19 Middle East & Africa: Market Snapshot
Figure 20 Key Developments in the Market, 2014– November 2018
Figure 21 Ranking of Key Players & Industry Concentration, 2017
Figure 22 Supply Chain Gas Insulated Substation Market (Global), Competitive Leadership Mapping, 2018
Figure 23 Hitachi: Company Snapshot
Figure 24 General Electric: Company Snapshot
Figure 25 ABB: Company Snapshot
Figure 26 Mitsubishi Electric: Company Snapshot
Figure 27 Toshiba Corporation: Company Snapshot
Figure 28 L&T: Company Snapshot
Figure 29 Siemens AG: Company Snapshot
Figure 30 CG Power and Industrial Solutions Limited: Company Snapshot
Figure 31 Hyosung: Company Snapshot
Figure 32 Bhel: Company Snapshot
Figure 33 Elsewedy Electric: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Bharat Heavy Electricals Limited
  • CG Power and Industrial Solutions
  • Elsewedy Electric
  • General Electric
  • Hitachi
  • Hyosung
  • Larsen & Toubro
  • Mitsubishi Electric
  • Siemens AG
  • Tbea Co. Ltd.
  • Toshiba Corporation
Note: Product cover images may vary from those shown
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