Gas Insulated Transmission Lines Market, Industry Analysis Report, Regional Outlook, Application Development, Competitive Market Share and Forecast, 2020 - 2026
Report ID: GMI3619
Gas Insulated Transmission Lines Market will grow on account of increasing demand for high voltage from large-scale industries & metropolitan cities coupled with the emergence of HV power projects. GIL is the system used for the transmission of HV electricity for long distance and is the flexible and safe alternative to overhead lines. Favorable government measures pertaining to the establishment of cross border electricity transmission network along with growing demand for refurbishment of conventional grid network will augment the market growth.
Low mutual capacitance, flexibility, low maintenance and overload capability are some of the paramount features that will stimulate the gas insulated transmission line market share. Positive policy interventions accompanied by favorable sectoral schemes have strengthen the electricity industry share, largely influenced by prevailing economic growth. Large capacity industrial installation along with rapid commercialization & suburban expansion will further complement the business outlook.
High voltage projects in the recent years have gained significant growth owing to the ongoing development of ultra-high transmission lines to endure losses gathered from long-route electrical supply which in turn will propel the gas insulated transmission lines market size. No sagging losses, less utilization of conductors and effective long-distance transmission of power are among the prime factors which will increase the product penetration.
In the present scenario, manufacturing and process industries are crucial across certain economies for investments and revenue realization. Rising metal and mining extraction have led to substantial rise in demand for electricity networks to ensure maximum reliability & continual operations which in turn will foster the gas insulated transmission lines market size. Furthermore, integration of sustainable energy infrastructure accompanied by increased funding from local regulatory authorities and institutions including IFC and world bank across emerging nations will positively impact the industry growth.
Above ground installation will onlook growth on account of the immense deployment across refurbished & new electric transmission lines. In addition, advanced technological development along with the installation of sustainable grid network will augment the gas insulated transmission lines market share. Rapid infrastructure investment along with the rising energy demand will complement the industry outlook.
Gas insulated transmission line across Europe will witness growth owing to increasing share of renewable energy sources along with stringent energy efficiency mandates. Government with an aim to develop a sustainable energy system is making investment to serve their electricity generation and T&D networks. In addition, growing demand for efficient transmission & distribution technologies along with the rising demand for revamping of traditional electrical setup will boost the market growth.
Eminent industry players operating across the gas insulated transmission lines market includes Siemens AG, TBEA Energy, Grupo COBRA, Beta Engineering, L&T Construction, AZZ Inc., General Electric, RWE AG, Jiangnan Group Limited and others.
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