Gas-Insulated Substation Market

Gas-Insulated Substation Market Segmented By applications (power transmission and distribution, manufacturing and processing) - Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1359 | Published On: Feb 06, 2023
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


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Global Gas-Insulated Substation Market Overview

SF6 gas inside grounded metal is enclosed with high voltage conductors, circuit breakers, switches, voltage transformers and current transformers in gas insulated substation machines. Gas insulated was first developed in 1968-1972 at various countries and is increasing the orientation of GIS (gas insulated switch gear) in several countries till now. High voltage assembly structure that contain sealed environment with sulfur hexafluoride gas to create insulating medium is called gas-insulated substation. GIS technology is used in gas insulated substation and technology was originated in Japan, in order to improve the technology and make substation as compact as possible. Phase to phase and phase to ground clearance for all the equipment’s is quite lower than the required for air insulated substation. GIS takes only 10% of total area covered by conventional substation.

Gas insulated substation have more advantages other than low space requirement, while substation is enclosed with certain district area or buildings it produces less pollution. After quality of being sensitive to pollution, salt, sand or large amount of snow it is cost effective.  Even if cost of GIS building is high but operational and maintenance cost is less. GIS (gas insulated substation) has primary applications that includes for environmental sensitive installation, urban installation and high voltage installation.


Market Size & Forecast

The global Gas-Insulated substation market is expected to account for a market value of around USD 35 billion in 2027 from USD 18 billion in 2018 at a CAGR of 10.1% till the period of 2018-2027.Rise in demand for renewable source of energy and provision of funds from government and private organizations for clean source of energy in various developed and developing countries is expected to demand for GIS system and support the gas installation substation market in future.On the basis of regional platform, global Gas-Insulated Substation Market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia pacific is expected to dominate the market in terms of revenue for global gas insulated substation till the expected forecast period of 2018-2027. Additionally, with rising demand of electricity over long distance in high and medium voltage variation is expected to showcase the modest growth in market.

Middle East and Africa region is also expected to show tremendous growth in global gas insulated substation market backed by ease optimization of GIS system at desert areas. Latin America is expected to show minimal growth in global insulated substation market till period of 2018-2027.

Gas Insulated substation market Graph

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Market Segmentation

Our-in depth analysis of the global battery recycling market includes the following segments:

By applications

  • Power transmission and distribution
  • Manufacturing and processing.

By Region

On the basis of regional analysis, global wind and tidal energy market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia Pacific is accounted for the largest share of Gas-Insulated substation market on the heels of rising demand of energy by various sectors such as infrastructure, power and households to execute their operations. Additionally, with rising development in Asia Pacific demands for more energy in high and medium voltage is also expected to grow the market in significant manner. Middle East and Africa region is also expected to witness escalating growth in Gas-Insulated Substation Market backed by enforcement of low pollution norms by government and less space requirements of gas installation substation.

Global Gas-Insulated Substation Market is further classified on the basis of region as follows:

  • North America ( U.S. and Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
  • Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
  • Middle East and Africa: (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)

Gas-Insulated Substation Market share


Gas Insulated substation market Graph
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Growth Drivers

Demand for energy

Increasing demand of energy for operating various operations by industries such as commercial & residential is driving the growth of market. Additionally, the innovations in R&D department for avoiding pollution generated from various conventional techniques is driving the market growth. Moreover, rising competition amongst the stake holders of Gas-Insulated Substation Market is driving for positive growth in market.

Government initiatives for cost effective and less polluting methods

Government supports and initiatives for eco- friendly energy generation methods is tremendously supporting the gas insulated substation market. Additionally, low emission and less pollutant quality of gas insulated substation is also expected to drive the growth of market till forecast period of 2018-2027.

Low operational cost

Although cost of installation is high but despite the fact operational and maintenance cost of gas insulated substation is quite low than compared to conventional substation. Additionally, installation of gas-insulated substation requires relatively very less space in comparison with conventional energy stations and expected to drive the growth of market in future.  

Restraints

High cost of installation

One of the key restraints, which is expected to hamper the growth of Gas-Insulated Substation Market is high cost of installing Gas-Insulated Substation Market panel.


Gas-Insulated Substation Market share
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Top Featured Companies Dominating The Market

    • Schneider Electric SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Fuji Electric Co.Ltd.,
    • ABB Ltd.,
    • Hitachi, Ltd.,
    • General Electric (GE),
    •  Mitsubishi Electric Corporation,
    •  Toshiba Corporation,
    • Siemens AG,
    • Crompton Greaves Ltd.,
    • Eaton Corporation plc.

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