Gas Insulated Substation Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, UAE, Saudi Arabia, Oman, China, India, Japan, Indonesia, Brazil), Application Development, Competitive Market Share & Forecast, 2017 – 2024
Report ID: GMI1243
Global gas insulated substation market size is set to witness robust growth during the forecast period. Increasing population coupled with rapid industrialization and growing demand for efficient energy sources will propel the industry growth.
Dependable power source coupled with reduced geographical area and need of compact power source will positively influence the business outlook. Sulphur Hexafluoride (SF6) is a major component owing to superior dielectric properties than air insulated subsidiary stations. Components of the gas insulated substation market including high-voltage conductors, circuit breakers, voltage transformers, current transformers and switches are encapsulated in a single grounded metal enclosure which greatly reduces the size of the power plant and can be installed in most compact spaces.
Introduction of smart cities has propelled the gas insulated substation market owing to its compact nature and high efficiency. For instance, GIFT, an upcoming smart city in Gujarat has plans to build underground cables for power distribution using gas subsidiary stations to provide the city with sub-transmission within buildings and colonies for maximum power efficiency. Moreover, these substations can also be installed as a power source for metros. Government of India along with Delhi Metro Railway Corporation (DMRC) commissioned installation in the Noida-Greater Noida metro route.
Increasing number of power plants in offshore regions that utilize renewable energy resources require a condensed and powerful power source. Longer life span, better capacity and improved security towards multiple energy sources as compared to air insulated subsidiary stations are the few attributes which will drive the growth of gas insulated substation market during the forecast period. Gas substation is being implemented in offshore regions on a large scale, for instance, a 400kV subsidiary station was installed in Kent, UK that connects the world’s largest offshore wind farm being a key element in the functioning of the 1000MW London Array.
Countries having a high demand of electricity but decreasing geographical area has resulted in numerous tenders being issued for the installation of gas insulated substation market across the country. Alstom T&D was awarded a contract of INR 2266 million by Power Grid Corporation of India to set-up two 400kV gas substations with its complete manufacturing in India. The two substations are expected to feed power to the national grid system.
Increasing demand for safe power transmission systems with high efficiency will positively impact gas insulated substation market. The subsidiary station consists of a monitoring system, where gas inside each compartment should be at 3kg/cm2. Density of each compartment is constantly monitored, in case pressure inside the chamber drops, gas will be trapped and leakage will be avoided. In case of a further pressure drop, the chamber automatically locks up activating a low-pressure alarm. However, high installation of the substation and SF6 causing greenhouse emission are a few factors likely to restrict the growth of gas insulated substation market during the forecast period.
Based on voltage, the gas insulated substation market is segmented into medium voltage (>72.5kV) and high voltage (<72.5kV). Densely populated regions prefer high voltage subsidiary stations to connect national grids owing largely to space constraints.
Based on end users, gas insulated substation market can be segmented into utility and non-utility. Under utility, subsidiary stations find its application in various commercial places including industrial buildings, factories, malls, where the need for a powerful and reliable power transmitter and distributor is required.
Asia Pacific, led by India holds the largest shares of gas insulated substation market owing to its need of a compact, safe and efficient power source. Increasing industrialization coupled with decreasing geographical area will further fuel the industry during the forecast period. Increasing installations of GIS systems in UAE will propel the Middle East region in the near term. Development of new technologies and onset of smart city programs has resulted in the introduction of the industry in North America and will drive the gas insulated substation market during the forecast period.
Notable participants of the gas insulated substation market are Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd. (Switzerland), Alstom SA (France) and Mitsubishi Electric Corporation (Japan).
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