Gas Insulated Substation Market to Surpass US$ 41,059.8 Million By 2025 – Demand for Mobile Gas Insulated Substations Increasing Across the Globe

The Insight Partners Published, “Gas Insulated Substation Market 2025 – Global Analysis and Forecasts by Voltage Types (High Voltage & Ultra High Voltage) and Application (Power Transmission and Distribution & Manufacturing and Processing)” to its research database.

April 17, 2018 /MarketersMedia/ —

Gas insulated substation market is expectant to reach US$ 41,059.8 million by 2025 as compared to US$ 15,416.1 million in 2016, escalating at a CAGR of 19.4% during the forecast period from 2017 to 2025. 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. However, the high price of gas insulated substations as compared to air insulated substations are hindering the market growth.

Request Sample Copy is Available at http://www.theinsightpartners.com/sample/TIPTE100000459

The market for gas insulated substations have the potential to grow exponentially owing to different research and developments to enhance the recorders. The demand for mobile gas insulated substations are increasing across the globe 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. These benefits are anticipated to be the driving factors for the gas insulated substations in the coming years.

The gas insulated substations market is bifurcated on basis of application as power transmission and distribution and manufacturing and processing. 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 upgradation 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.

Complete Report is Available at http://www.theinsightpartners.com/reports/gas-insulated-substation-market

On the other hand, Manufacturing units and processing centers of various industries integrate their work stations with gas insulated substation in order to maintain the adequate power supply in their work stations. The manufacturing and processing centers are investing substantial amounts in order to procure technologically advanced gas insulated substations to enhance their power supply in their work stations. These factors are bolstering the market for gas insulated substations during the forecast period and is foreseen to drive the growth of the market in future.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the gas insulated substation industry.

Inquire before Buying at http://www.theinsightpartners.com/inquiry/TIPTE100000459

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

Contact Info:
Name: Sameer Joshi
Email: sales@theinsightpartners.com
Organization: The Insight Partners
Phone: +1-646-491-9876

Source URL: https://marketersmedia.com/gas-insulated-substation-market-to-surpass-us-41059-8-million-by-2025-demand-for-mobile-gas-insulated-substations-increasing-across-the-globe/332169

For more information, please visit http://www.theinsightpartners.com/reports/gas-insulated-substation-market

Source: MarketersMedia

Release ID: 332169

More News From Daily Transparent

The Latest: US envoy to UN praises Kofi Annan's legacy

Aug 18, 2018

GENEVA — The Latest on the death of former U.N. secretary-general Kofi Annan (all times local): 5:10 p.m. The U.S. ambassador to the United Nations says former U.N. chief Kofi Annan "devoted his life to making the world a more peaceful place" and "worked tirelessly to unite us." Nikki Haley in a statement says the U.S. joins the U.N. and diplomatic community in celebrating the life of Annan, the first black African to become U.N. chief. He died in the early hours Saturday at age 80 after a short illness. Many world leaders from Britain to Germany to Nigeria to...

Former UN Secretary-General Kofi Annan dies at age 80

Aug 18, 2018

GENEVA — Kofi Annan, one of the world's most celebrated diplomats and a charismatic symbol of the United Nations who rose through its ranks to become the first black African secretary-general, has died. He was 80. His foundation announced his death in Switzerland's capital, Bern, on Saturday in a tweet , saying he died after a short unspecified illness. It did not give details and remembered the Nobel Peace Prize winner as "radiating genuine kindness, warmth and brilliance in all he did." The president of Ghana, where Annan was born, said in a tweet that "I am ... comforted by...

Tesla files lawsuit against Ontario government

Aug 18, 2018

TORONTO — Electric car maker Tesla Motors said Thursday it is suing Ontario's new government, claiming it was treated unfairly in the cancellation of a program providing rebates to residents who bought electric vehicles. Tesla Motors Canada said in court documents that the decision by Premier Doug Ford's conservative government to cancel the program in July left hundreds of customers ineligible for rebates they expected to get when they ordered their vehicles. It claims Tesla was singled out. In July, the government said the rebates would be honored for vehicles ordered through a dealership if they are delivered and registered...

Swedish police say suspect in car fires arrested in Turkey

Aug 18, 2018

COPENHAGEN, Denmark — A man suspected of arson in connection with dozens of car fires in Goteborg, Sweden's second largest city, has been arrested in Turkey, police said Wednesday. About 80 cars were set ablaze in the night from Monday to Tuesday, chiefly in Goteborg, and nearby Trollhattan, an industrial city. Fires were also reported on a smaller scale in Malmo, Sweden's third largest city. Police spokesman Thomas Fuxborg said Wednesday that a man in his 20s was arrested a day earlier as he tried to enter Turkey. He is suspected of arson and is expected to be returned to...

New Zealand bans most foreigners from buying homes

Aug 18, 2018

WELLINGTON, New Zealand — New Zealand has banned most foreigners from buying homes as it tries to tackle runaway housing prices. Previously the housing market was open to investors worldwide, but the government on Wednesday passed legislation that allows only New Zealand residents to buy homes. In recent years, there have been many anecdotal stories of wealthy foreigners from Silicon Valley and beyond buying ranches in picturesque rural New Zealand as a "bolt hole" or escape option from a turbulent world. There have also been stories of wealthy Chinese buyers outbidding New Zealanders on suburban homes in the main city...

Sign up now!