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Gas Insulated Power Equipment Market Size
- Report ID: GMI3258
- Published Date: Apr 2019
- Report Format: PDF
Gas Insulated Power Equipment Market Size
Gas Insulated Power Equipment Market size for 2018 was assessed over USD 17 billion and is anticipated to witness an annual growth rate of over 8% by 2025.
The gas insulated equipment market from GIS has been influenced by the significant rise in demand for compact substation units to curtail the overall project space, cost and maintenance requirements. Although, availability of an appreciable amount of conventional switchgear technologies including air, and vacuum insulated products have consistently been posing opposition to their adoption across the industry. However, persistent efforts to reduce costs, enhance operational performance and manufacture compact product specifications have favoured the adoption of these products.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Gas Insulated Power Equipment Market Size in 2018: | 17 Billion (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 8% |
| 2025 Value Projection: | 30 Billion (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 562 |
| Tables, Charts & Figures: | 1,271 |
| Segments covered: | Product , Lines and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Gas Insulated Transmission Lines have gained significant impetus since first project commissioned in 1975 which consist of 100% SF6 gas insulation for voltage up to 400 kV and 0.7 km length. Enhanced insulation properties, welding feasibility and improved elastic bending capability are the key factors for the ongoing development with configurations of 80% N2 and 20% SF6 gas for 420 kV voltage and 100 km length. High voltage transmission capability, technology upgradation along with long operation life have led comprehensive ground for the establishment of upcoming 1,100 kV GIL project across China.
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Gas Insulated Power Equipment Market Scope
