Gas Insulated Substation Market to Surpass US$ 41,059.8 Million By 2025 – Demand for Mobile Gas Insulated Substations Increasing Across the Globe

The Insight Partners Published, “Gas Insulated Substation Market 2025 – Global Analysis and Forecasts by Voltage Types (High Voltage & Ultra High Voltage) and Application (Power Transmission and Distribution & Manufacturing and Processing)” to its research database.

April 17, 2018 /MarketersMedia/ —

Gas insulated substation market is expectant to reach US$ 41,059.8 million by 2025 as compared to US$ 15,416.1 million in 2016, escalating at a CAGR of 19.4% during the forecast period from 2017 to 2025. The market for gas insulated substation 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. However, the high price of gas insulated substations as compared to air insulated substations are hindering the market growth.

Request Sample Copy is Available at http://www.theinsightpartners.com/sample/TIPTE100000459

The market for gas insulated substations have the potential to grow exponentially owing to different research and developments to enhance the recorders. The demand for mobile gas insulated substations are increasing across the globe in order to generate maximum power in areas with confined lands. The major advantage of gas insulated substations is the compact size of the system over air insulated substations. Owing to this factor, the mining sector, construction industry, oil & gas industry, as well as marine ports are increasingly adopting the mobile gas insulated substations. The primary advantage of mobile gas insulated substations is it can be easily moved to one place to another and can be reconfigured according to the project that changes over a period.

Another benefit of mobile gas insulated substations is that the systems are integrated with high end shock absorbers which allow the vehicle to move through rough terrains. Moreover, these mobile gas insulated substations are capable of operating at harsh temperatures with disruptions and are corrosion resistant. The electromagnetic compatibility integrated in the mobile gas insulated substations complete protection of operating personnel and surrounding environment as well as reduces the overall noise to absolute minimum. These benefits are anticipated to be the driving factors for the gas insulated substations in the coming years.

The gas insulated substations market is bifurcated on basis of application as power transmission and distribution and manufacturing and processing. The major advantage of installing GIS to transmit and distribute power is the compact design of gas insulated substations, which enables the substation to be installed in a confined space. The GIS are compact in design but are capable of transmitting and distributing heavy loads than the power of an air insulated substation. The market for gas insulated substation is poised to grow during the forecast period from 2017 to 2025, owing to the upgradation of existing or traditional power transmission and distribution centers in few developed countries to gas insulated substations, which provide more power over a longer distance.

Complete Report is Available at http://www.theinsightpartners.com/reports/gas-insulated-substation-market

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 market in future.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the gas insulated substation industry.

Inquire before Buying at http://www.theinsightpartners.com/inquiry/TIPTE100000459

About Us:
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 Info:
Name: Sameer Joshi
Email: sales@theinsightpartners.com
Organization: The Insight Partners
Phone: +1-646-491-9876

Source URL: https://marketersmedia.com/gas-insulated-substation-market-to-surpass-us-41059-8-million-by-2025-demand-for-mobile-gas-insulated-substations-increasing-across-the-globe/332169

For more information, please visit http://www.theinsightpartners.com/reports/gas-insulated-substation-market

Source: MarketersMedia

Release ID: 332169

More News From The Market Noise

Donors pledge $4.4 billion in Syria aid, short of UN needs

Apr 25, 2018

BRUSSELS — International donors on Wednesday pledged an estimated $4.4 billion in humanitarian aid for Syria and neighbors sheltering its refugees in 2018, falling significantly short of the more than $7 billion the United Nations is seeking. An estimated 450,000 people have been killed in fighting in Syria since President Bashar Assad's government cracked down on demonstrations calling for his ouster in 2011. Last year, the World Bank estimated the damage to the country at close to a quarter-trillion dollars, and large swathes of Syrian's largest three cities, Aleppo, Damascus, and Homs, lay in ruins. Eight years into the conflict,...

Most AIB institutional shareholders back scuppered bonus plan

Apr 25, 2018

By Padraic HalpinDUBLIN (Reuters) - Most of Allied Irish Banks' (AIB) institutional shareholders backed a proposal to introduce a deferred share plan for senior executives that the government used its majority shareholding to block last week.AIB had sought to introduce the scheme to mitigate the risks it says it faces in retaining key staff and decided to put the plan to a non-binding vote at its annual shareholder meeting on Wednesday to gauge the view of investors who bought a 29 percent stake in Europe's largest initial public offering last year.Most of those shareholders backed the proposal, narrowing the margin...

Uber suspending Vienna operations after court injunction

Apr 25, 2018

VIENNA (Reuters) - The ride-hailing service Uber is suspending operations in Vienna after an Austrian court issued a temporary injunction against it on Wednesday.The case is one in a series of battles that taxi operators have waged across Europe against the U.S. company that they accuse of undermining their businesses."We respect the court's decision and are working hard to change our operating model within the next few days," an Uber spokeswoman said in a written statement. Operations in the city of 1.9 million people would be stopped later on Wednesday and the company expected them to resume later this week,...

Eurowings agrees key points for union deal in Austria

Apr 25, 2018

BERLIN (Reuters) - Eurowings has agreed the key points of a collective labor deal for pilots and cabin crew at its Austria-based unit with union Vida, the budget carrier said.Lufthansa has been expanding its Eurowings business via the Austrian unit, known as Eurowings Europe, for which there was no collective agreement in place, although it has been in talks with the union for around 18 months. However, with the carrier seeking to hire more flight crew to add more flights and fill the gap left by collapsed domestic rival Air Berlin, it late last year agreed a new collective deal...

EU dangles Brexit carrot if Britain changes mind and stays in customs union

Apr 25, 2018

By Gabriela BaczynskaBRUSSELS (Reuters) - The European Union could offer Britain a closer relationship after Brexit if Prime Minister Theresa May decides to stay in the bloc's customs union, diplomats said.The EU hopes London could change its stance on what ties it wants after Brexit after Britain's upper house of parliament challenged the government on a key bill relating to May's plan to quit the customs union. Diplomats and officials in Brussels cite little progress in Brexit negotiations since the last meeting of all EU leaders in March. Back then, May won the green light from her 27 colleagues to...

Sign up now!