Gas Insulated Substation Market to Experience Exponential Growth by 2025
This report will help Major Players and the new entrants to understand scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.
(EMAILWIRE.COM, September 21, 2018 ) 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. Gas Insulated Substation Market 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. Moreover, due to growing demand for power generation in developed countries as well as developing countries, the need for compact size gas insulated substation is increasing rapidly, which in turn is leading the market to grow significantly.
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Top Key Players in Market
1. Schneider Electric SE
2. Siemens AG
3. ABB Group
4. Eaton Corporation Limited
5. Mitsubishi Electric Corporation
6. General Electric
7. Crompton Greaves Limited
8. Toshiba Corporation
9. Alstom SA
10. Nissin Electric Co. Ltd.
The global gas insulated substation market has been segmented on the basis of voltage type into high voltage and ultra-high voltage. Gas Insulated Substations have been subdivided into their applications as Power Transmission & Distribution application and Manufacturing & Processing application. Geographically, the global Gas Insulated Substation market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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 Gas insulated substation market in future.
High voltage gas insulated substations held the majority of market share globally in 2017, owing to rapid adoption of the systems. The developed regions and developing regions across the globe are witnessing space limitations due to rapidly increasing population and commercialization. The key players profiled in the report are ABB, Toshiba International Corporation, Schneider Electric SE, General Electric Company and Eaton. Also, CG Power and Industrial Solutions Ltd., Hyosung Corporation, Mitsubishi Electric Corporation, Nissin Electric Co. Ltd. And Siemens AG are other key players profiled in the report.
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According to a new market research study titled 'Gas Insulated Substation Market to 2025 - Global Analysis and Forecasts by Voltage Type and Application', the global gas insulated substation market was valued at US$ 15,416.1 Mn in 2016 and is estimated to reach US$ 41,059.8 Mn by 2025. The report highlights the trends prevalent in the global gas insulated substation market and the factors driving the market along with those that act as deterrents to its growth.
About The Insight Partners:
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 Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Get Sample Copy of Report @ https://www.theinsightpartners.com/sample/TIPTE100000459/?source=Avinash-EW
Top Key Players in Market
1. Schneider Electric SE
2. Siemens AG
3. ABB Group
4. Eaton Corporation Limited
5. Mitsubishi Electric Corporation
6. General Electric
7. Crompton Greaves Limited
8. Toshiba Corporation
9. Alstom SA
10. Nissin Electric Co. Ltd.
The global gas insulated substation market has been segmented on the basis of voltage type into high voltage and ultra-high voltage. Gas Insulated Substations have been subdivided into their applications as Power Transmission & Distribution application and Manufacturing & Processing application. Geographically, the global Gas Insulated Substation market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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 Gas insulated substation market in future.
High voltage gas insulated substations held the majority of market share globally in 2017, owing to rapid adoption of the systems. The developed regions and developing regions across the globe are witnessing space limitations due to rapidly increasing population and commercialization. The key players profiled in the report are ABB, Toshiba International Corporation, Schneider Electric SE, General Electric Company and Eaton. Also, CG Power and Industrial Solutions Ltd., Hyosung Corporation, Mitsubishi Electric Corporation, Nissin Electric Co. Ltd. And Siemens AG are other key players profiled in the report.
Do Purchase Inquiry @ https://www.theinsightpartners.com/inquiry/TIPTE100000459/?source=Avinash-EW
According to a new market research study titled 'Gas Insulated Substation Market to 2025 - Global Analysis and Forecasts by Voltage Type and Application', the global gas insulated substation market was valued at US$ 15,416.1 Mn in 2016 and is estimated to reach US$ 41,059.8 Mn by 2025. The report highlights the trends prevalent in the global gas insulated substation market and the factors driving the market along with those that act as deterrents to its growth.
About The Insight Partners:
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 Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Contact Information:
The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
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The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results