Gas Insulated Power Equipment Market Size, Share and Global Trend By Type (Gas Insulated Line, Gas Insulated Switchgear), By Voltage (Medium, High), By Installation Method (Above Ground, Underground, Tunnel/Trough, Others), By Application (HVAC, HVDC) and Regional Forecast, 2024-2032

Over the past decades, insulated gas power equipment is gaining importance to meet the highest standards of reliability in transmission and distribution of power. Since the last couple of decades, the world has seen a tremendous increase in demand for electricity owing to massive industrial development and urbanization. The government and private entities are investing on a large scale to expand the transmission and distribution network for maximizing the accessibility of electricity.

As the traditionally used air-insulated switchgear require large space, regular maintenance, and poor dielectric properties of air. Whereas the advanced gas insulated power equipment offers superior advantages such as compact design, excellent dielectric properties of SG6 gas, and entire electrical components are enclosed in metal enclose that offer a safe working environment. Many countries around the globe are using gas-insulated power equipment for new installation and replacing the existing system with a new one that uplifts the gas-insulated power equipment market.

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Gas-insulated power equipment is classified based on types, voltage, installation method, and application. The type segment is further divided into gas-insulated line and gas-insulated switchgear. The gas-insulated transmission provides technical, environmental, and operational solution wherever the transmission of extra-high voltage and extra high currents is needed within restricted space.

Gas-insulated switchgear is a compact metal switchgear comprises high voltage components such as circuit breakers, disconnectors, busbars, current transformer and other substation equipment placed inside SF6 modules filled with SF6 gas. This gas has a high dielectric strength that acts as an insulating medium for high voltage equipment.

The immense demand for electricity has increased the investment in power generation, simultaneously effective transmission and distribution of power is essential that drive the gas insulated power equipment market growth. It offers superior advantages such as compact design and less space required for installation as compared to air-insulated substation along with high reliability that anticipated the growth of the gas-insulated power equipment.

The deployment cost of the system is quite expensive as compared to the traditional system. It uses SF6 gas that listed one of the six GHG whose emission need to be reduced, which is expected to restrain the growth of the gas-insulated power equipment market.

Key Players Covered

The leading companies of gas insulated power equipment in the world are ABB, General Electric, Hitachi Ltd., Siemens AG, Schneider Electric, Toshiba Energy Systems & Solution Corporation, Eaton, Fuji Electric Co., Ltd., Meidensha Corporation, Bharat Heavy Electricals Limited (BHEL), Larsen & Toubro Limited, BGR Energy System Limited, Nissin Electric Co., Ltd., and J Murphy & Sons Limited.

SEGMENTATION

Regional Analysis

The global gas insulated power equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In a highly digitalized world with strong climate policies, electrification of energy services is pervasive. North America is considered one of the highest consumers of electricity in which efficient transmission and distribution of energy are essential. Adoption of advanced technology to remove bottlenecks in transmission and investment in power generation & distribution is expected to raise the demand for gas insulated power equipment in North America. The grid infrastructure development and micro-grid solution coupled with renewable energy sources are anticipating the growth of the gas-insulated power equipment in Europe. In the Asia Pacific the electrification project and investment in power generation strengthening the reliability of power. India and China are focussing on strengthening grid infrastructure along with investment in renewable energy. Thus these factors are expected to increase the growth of the gas-insulated power equipment. The world bank is providing financial assistance to increase electricity access in African countries. Also, the GCC region has considerable renewable energy potential, especially solar energy. Government taking an initiative for developing grid infrastructure to empower the socio-economic development that expected to increase the growth of the gas-insulated power equipment in MEA.

Key Industry Developments

• In April 2019, J Murphy & Sons Ltd. a London based firm has secured a contract from National grid of worth $31 million to design and build the new gas-insulated switchgear substation along with the installation of new cables to connect to the national power network.
• In February 2019, The largest metropolis city in South Africa, Johannesburg got the gas-insulated electrical substation that will help to strengthen power reliability. ABB has commissioned 38 bays of 132kV gas-insulated switchgear in Sebenza substation. The company will deliver 132kV, 275kV, and 400kV circuit breakers, surge arresters and point on wave controllers that cuts the electrical transient in the network.
• In November 2018, Siemens secured a contract to provide the world’s first SF6 free gas-insulated switchgear with clean air and vacuum switching technology for 145kV. The system is a part of Koengen substation in Bergen that will supply electricity from renewable energy sources to Norway’s largest cruise ship seaport.