Ongoing grid retrofitting and refurbishment activities to foster the global substation market outlook by 2026
With ongoing industrialization focusing on fostering overall economic growth in a positive manner with help from foreign direct investments to support commercial and industrial establishments would also boost the demand for primary as well as secondary electric distribution infrastructure.
Additionally, rapid digitalization throughout industrial establishments has substantially integrated a competitive industry scenario, primarily due to the growing energy demand from data centers and communication base stations. The rising adoption of reliable, advanced, fire-resistant, energy efficient and reliable electric equipment has established a positive business scenario.
As per a research report by Global Market Insights, Inc., global substation market is estimated to surpass an annual installation of 24,500 units by 2025.
Utility aided by electrical infrastructure has been positively influenced by government and regulatory directives subject to the deployment of the grid. Regulatory schemes relating to the rural electrification along with the inclusion of decentralized micro-grid infrastructure throughout standalone regions have augmented the product penetration.
Furthermore, establishment of energy networks that are sustainable and are supported by investments from regulatory authorities and local institutions like the IFC, World Bank and other similar organizations throughout developing nations may positively influence the industry dynamics.
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With respect to voltage level, low & medium voltage substations that are up to 145 kV have achieved a substantial thrust owing to rapid commercial expansion and large-scale residential applications throughout developing nations in recent years.
Moreover, the suburban migration has also led to the development of residential complexes as well as multi-story apartments, thereby accelerating the industry growth. Furthermore, encouraging consumer as well as regulatory inclination for incorporating sustainable electricity networks would further encourage industry growth.
On the geographical front, the United States substation market is set to foresee a 5% growth by 2026. Growing demand for effective transmission & distribution infrastructure coupled with an increase in commercial and industrial investment would stimulate the business growth.
Moreover, government initiatives to promote technologies of substation automation & monitoring control systems backed by strict regulatory norms might further influence the industry share. The U.S. utilities, which includes cooperatives, public power providers and utilities that are investor owned, invested around $4.8 billion back in 2016 in smart grid control systems and technologies.
Additionally, ongoing industrial development and large-scale suburbanization throughout APAC and MEA have led to significant increase in demand for substation systems.
Overall, the above-mentioned factors are likely to offer a wide array of growth opportunities for substation market.
The competitive spectrum of global substation market includes companies like Siemens, Emerson Electric, ABB and Eaton among others. These prominent players are also employing strategic alliances with technology providers to execute effective monitoring & control.
Author Name : Nandita Bhardwaj
U.S oil & gas analytics market to record significant gains as oil companies leverage data analytics to foster business growth
The U.S oil and gas analytics market would likely witness promising growth on account rising adoption of data gathering devices. Increasing use of IoT as well as IIoT is further supporting this growth. The American oil and gas industry is looking to transform its value chain entirely and data gathering and IoT devices are effectively supporting these efforts.
Key players in the region are focusing on effective management of operation and cost and advanced data analytics software are likely to contribute significantly towards these efforts.
Increasing upstream oil and gas investment, increasing adoption data collection devices, and robust investment towards infrastructure are some of the prominent factors that are stimulating the market growth.
Moreover, increasing stringency of cybersecurity regulations in the country would likely foster use of advanced data analysis software solutions in the coming timeframe.
Increased spending on O&G infrastructure would also considerably increase the adoption of analytics tools across numerous verticals. Increasing volumes of oil and gas supplies have instigated the need for additional infrastructure across the United States with Southwest and Northeast regions contributing over 36% and 19% of total infrastructure investments in the country.
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According to a 2017 API report, the refining as well as the gathering & processing divisions accounted for around USD 5.2 billion and USD 4.9 billion respectively.
The ample availability of proven oil and gas resources supplemented with an exploration of unconventional reserves would positively impact the business growth over the forecast period.
According to the U.S Department of Energy, proven gas reserves increased by 85%, which is more than 450 Tcf, in 2019. Moreover, the growing need for production optimization along with the current deployment of IoT and IIoT across drilling and production assets could drive industry landscape over the forecast period.
Meanwhile, with several technological advancements, the companies are now able to generate real-time information from production platforms and reservoirs. This enables companies to make an early prediction regarding equipment failures. With recent enhancements in cloud computing capabilities, advanced network security, unlimited storage, and cost saving the requirement of data analytics has further escalated.
The industry has seen a shift from on-premise applications towards hosted. This shift is being supported by key benefits such as easy data sharing and integration, reduced cost, and automatic system updates. High maintenance and upgradation cost, hardware deterioration, and probability of permanent data loss associated with on-premise applications have further restrained their adoption in the industry.
Current business partnerships to attain a leading position in the industry is a key growth strategy followed by the companies. Constant spending on technology innovation is bringing advanced analytics solutions in the industry.
The companies are also involved in mergers and acquisitions to gain technological excellence. Furthermore, they and are also investing heavily to bring innovations in the industry.
Major players operating in the U.S oil and gas analytics market include Accenture, IBM, Cognizant, and Microsoft Corporation. These industry leaders are actively seeking strategic collaborations with technology providers for product innovation to gain competitive advantage. Global Market Insights, Inc. anticipates that the U.S. oil and gas analytics market could likely grow more than 14.5% by 2025.
Author Name : Abhijeet Kakade
The paradigm shift towards sustainability has been fueling district heating market trends. With increasing global energy demand, the need to use renewables has become more crucial than ever. Rising establishment of renewable energy systems to cater to growing consumer demand is anticipated to drive district heating market growth over 2020-2026. The requirement of sensible heat for commercial, residential and industrial applications will also positively impact the district heating industry outlook over the coming years.
As per Global Market Insights, Inc., district heating market size in 2019 was worth USD 150 Billion and is estimated to exceed production by over 14,000 PJ till 2026.
An exponential growth in urban population has been witnessed over the past few years. Most of the masses residing in rural areas and mid-size townships are opting to shift to urban dwellings. With rising urbanization, the requirement of energy for space and water heating has also observed an increase. This in turn has fueled the demand for district heating systems. In recent times, real estate barons are also seen investing heavily in new properties and renovating older ones. The expansion of the overall real estate industry will thus further boost product demand over the forecast timeline.
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Rigorous government regulations pertaining to green-house gas regulations, along with positive outlook of masses towards adoption of renewable sources to generate heat and energy is estimated to change district heating market trends over the coming years.
District heating systems are expected to be deployed on a large scale in the residential sector, owing to rising migration towards cities. In line with environmental concerns, this has led to increasing utilization of energy efficient heating systems. The smart city revolution has also led to rising installation of smart home management systems, which would help foster district heating market size from residential sector over the analysis period.
Combined heat & power-based district heating systems are highly sustainability and also ensure reduced energy losses. Enhanced energy supply efficiency offered by these systems are also escalating their deployment across the globe. Major economies including China and the U.S. have been investing heavily in combined heat and power systems on account of a supportive regulatory scenario, offering lucrative growth opportunities to district heating industry players.
The capability of these systems to limit GHG emissions, and reasonable operation costs along with minimal thermal losses offered by the technology are estimated to support district heating industry share in the years to come.
Growing awareness toward utilization of clean energy, along with adoption of optimal energy consumption is anticipated to change district heating market landscape over the coming years. Rising concerns pertaining to climate change have resulted in an increase in number of initiatives undertaken toward clean energy generation. This has also led to the rising prevalence of energy efficient buildings, which is estimated to augment product adoption.
Major industry players contributing towards district heating market include Goteborg Energi, Fortum, STEAG, Statkraft, Ramboll and Vattenfall, amongst others. These companies are adopting strategies such as mergers & acquisitions and partnerships to expand production capacity along with focusing on developing more efficient district heating systems.
Moreover, growing focus of industry players toward development of energy efficient solutions that comply with new standard emissions to gain a competitive advantage over other industry participants, will also change business outlook over the analysis period.
Author Name : Aakriti Kakkar
Ongoing initiatives to renovate and modernize existing grid infrastructures is expected to boost HVDC converter market size. Lately, there have been numerous programs aimed at developing inter-regional & cross border electrical networks. For instance, in 2015, the European Commission (EC) announced goals to achieve at least 15% of interconnection from the generation capacity by 2030.
Implementation of energy efficiency norms backed by rapid integration of clean energy may stimulate product demand. Efforts to reduce energy loss across existing transmission and distribution lines is expected to further aid market growth in the coming years. A study conducted by Global Market Insights, Inc., suggests that global HVDC converter market size may exceed USD 13 billion by 2025.
A sizable part of this growth can be recorded from the <500 kV HVDC converter industry. According to reports, in 2018, the market was valued over USD 1 billion. Initiatives taken by numerous regions to install and integrate renewable energy plants may complement product demand. Active interconnection with energy grids would support market growth. In 2017, France and Ireland had made a similar development when its regulators spend over USD 1 billion for the development of HVDC interconnection link.
As per reports, the ability to efficiently distribute large amount of electricity may fuel the demand for of bipolar HVDC converters. Favorable regulations focused towards development of efficient power distribution infrastructure may drive product demand. Bipolar HVDC converters can efficiently distribute large amount of electrical power across supply lines. It can operate as a monopolar link in case when a fault occurs on a line. With higher operation efficiency being one of its key features, the bipolar HVDC converter market may register sizable growth in the forthcoming years.
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Increasing investment towards the extension of large scale grid infrastructures is anticipated to drive the LCC HVDC converter market. Its distinctive ability to move significant amount of electricity over long distances has encourage product adoption. Moreover, its extensive overload and black start capabilities makes LCC HVDC converters a preferred option over its counterparts.
Citing regional outlook, North America is anticipated to offer lucrative opportunities to the HVDC converter market. Growing initiatives across Canada and the U.S. to strengthen energy infrastructure may play a vital role in boosting regional market expansion. In fact, an estimate by Wisconsin Economic Development Corporation (WEDC) suggests that Canada would need USD 350 billion worth investment to upgrade its grid infrastructure up until 2037. Besides, technological innovations and improved long-distance transmission networks may further foster North America HVDC convert industry size.
As for Asia Pacific, intensifying need for electricity across countries like China is expected to bolster HVDC converter demand. To meet growing demand, governments across the region have also taken some ground-breaking decisions. For instance, in 2018, China announced plans to spend USD 6.4 billion for the development of rural power grids. The upgrade would comprise over 26 central and western regions.
Meanwhile, notable players such as ABB, Toshiba, Mitsubishi Electric, C-EPRI, Siemens, General Electric, CG Power, Bharat Heavy Electricals, and Industrial Solutions might help augment global HVDC convertor market size over the forecast period.
Author Name : Bipin Bangera
Growing inclination towards renewable energy as well as favorable government policies has accelerated the deployment of solar energy farms. As these farms are mostly located in remote areas, they are exposed to frequent dust and sandstorms. This has led to the deployment of solar panel cleaning systems for maintaining stable energy outputs and attaining improved reliability.
It is estimated that the solar panel cleaning industry may register greater prominence on account of enhanced emphasis toward improving power conversion efficiency in solar plants. Increasing adoption of concepts like decarbonization, decentralization, decoupling, distributed generation and digitization may fuel solar PV installation, thereby bolstering product demand across larger scale as well as commercial applications. Meanwhile, Global Market Insights, Inc. estimates that the global solar panel cleaning market may grow at a rate of over 14% by 2025.
Following its emergence in numerous industrial landscape, automation is steadily marching towards the solar energy sector. In fact, studies suggests that the autonomous solar panel cleaning market may surpass US$ 1,080 million by 2025.
The use of drones and robots would allow faster and effective solar panel cleaning operations. Such technological advancements may help optimize the performance, power output of PV panels as well as reduce labor costs. Government regulations that aim on restricting the use of labor in harsh, high-temperature conditions may generate new proceeds in autonomous solar panel cleaning market.
Increasing federal initiatives focused on reducing dependency on fossil-based power generation, primarily to reduce carbon footprints and harmful emissions, would stimulate solar panel cleaning market. Soaring investments in solar energy generation, to increase the overall share in the total power generation and facilitate decarbonization of the energy sector, will complement industry outlook. According to reports, in 2018, investment in the solar energy accounted for around 605 of all new renewable energy investments.
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Studies claim that Asia Pacific is endowed with vast untapped potential for solar energy generation. Governments in the region are funding heavily on ongoing large-scale PV projects. Ambitious renewable energy targets, favorable regulatory norms and feed-in-tariff programs may accelerate the deployment of solar panels.
Constant technological innovations in the PV technology supported by government subsidies and incentives have aided the demand for solar panel cleaning systems in the region. Moreover, rise in addition of solar capacity owing to favorable regulatory environment and continuously declining PV panel cost may stimulate APAC solar panel cleaning market share. Citing IRENA reports, in 2018, the solar installed capacity across China reach around 175 GW, showing an upsurge of around 33% compared to prior attained capacity.
On a global scale, the solar panel cleaning industry includes key players like Solbright, Ecoppia, Clean Solar Solutions amongst others. Companies in this market are focused on providing dry cleaning technologies or techniques that utilize organic cleaning concentrates.
Profits generation through service provisions along with long term partnerships with utilities may enable major strategic breakthroughs in this industry. Moreover, increased emphasis on deploying solar farms in arid areas of Asia Pacific, and the Middle East & Africa (MEA) may offer lucrative growth proceeds to companies operating in solar panel cleaning market.
Author Name : Abhijeet Kakade
Solar district heating market forecast is expected to depict a major rise owing to increased urbanization along with population growth and continuously increasing heating demand across the world. District heating is one of the most vital concepts that helps in improving the overall energy efficiency of a community and allows incorporating a higher proportion of renewable heat. With the constantly rising energy prices and increasing expectations of comfort and indoor climate control, solar district heating industry outlook is poised to witness robust growth over the next few years.
It has been observed that buildings consume a vast amount of conventional energy and substantially contribute towards fossil fuels emissions, coercing many countries to plan for introducing policies for minimizing the consumption, by transitioning buildings into more energy efficient structures. Governments are playing a major role by implementing stringent regulations to focus on integrating renewables into existing energy systems. Enumerated below are certain trends outlining the prospects for global solar district heating industry share.
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Consumption behavior in the commercial and residential sectors
The use of solar energy has been critically important for commercial buildings such as malls, big-box stores, and office complexes. Natural gas and conventionally generated electricity have become the most common sources used in commercial spaces for cooling and heating purposes. Utilities are gradually shifting their preferences towards renewable energy sources for district heating and cooling that help in meeting rising urban energy needs and providing cost-effective option to commercial and residential buildings.
Prominent reports suggest that global residential solar district heating market is likely to reach a valuation of USD 3 billion by 2025. In August 2019, Savosolar has reportedly signed an agreement with a French based company Kyotherm Solar to deliver a solar heating system in Issoudun France. Savosolar will provide the largest part of the solar thermal plant and the construction and system delivery will begin during autumn 2019, with handover projected to start around spring 2020. Similar developments and increasing R&D activities help in utilizing solar energy more efficiently, propelling solar district heating market size.
Rising renewable energy expenditure in Asia Pacific region
Asia is one of the fastest growing regions in the world in terms of energy demand to fuel its increasing pace of economic expansion. Emerging economies like India, China, and Japan are adopting advanced methods for renewable energy deployment and placing them at the forefront of the energy transition. Countries like Japan have numerous district heating and cooling operators presently working across the country to meet varying consumption trends.
The government of Japan is accelerating efforts by massively spending on green innovations and promoting private and public partnerships to make the public aware about environmental preservation and economic development, augmenting opportunities for solar district heating industry. In 2018, Daiwa House in Japan had commenced its first energy self sufficient office, the first in Japan to use renewable energy and conduct verification testing and experiments for energy efficiency. Introduction of similar commercial buildings will foster possibilities for renewable-based heating and cooling.
Expansion of renewable energy infrastructure globally
Energy intensive industries like chemical, refinery, and paper sectors represent over 80% of the total global electric combined heat and power (CHP) capacities. Additionally, industries are directing rigorous efforts towards increasing the deployment of renewable energy technologies and providing local manufacturers a large scope of making efficient use of resources through favorable cost reductions.
In August 2019, Statkraft, a Norwegian state-owned hydropower company had acquired Airvolution Clean Energy, an onshore wind developer, for holding a 1.2GW renewables portfolio in the UK by 2025. The agreement has been made with the aim of deploying 600MW of solar power and onshore wind in the UK. With the initiation of these strategic agreements along with various government aided schemes, district heating and cooling systems can enjoy reliable sources of energy.
With the majority of technological advancements and investments in the developing smart and energy-efficiency cities, the demand for district heating and cooling systems will rise considerably. Investment in renewable energy is rapidly expanding across the world to tackling global warming. Favorable government policies along with strategic mergers and acquisitions to expand production capacities will be profitable for utilities looking to accelerate solar power adoption. According to Global Market Insights, Inc., solar district heating market size is expected to surpass USD 7 Billion by 2025.
Author Name : Deeksha Pant
Increasing inclination towards renewable energy and growing necessity to attain better energy efficiency will drive high voltage cables market share in the forthcoming years. Rising need to curb carbon emissions will also foster industry growth.
High Voltage Cables Market Size, By Voltage, 2018 & 2025 (USD Million)
Open Access Government estimates that the world consumes 93,000 m3 of natural gas, 1066 barrels of oil and 221 tons of coal every second. The carbon emitted through these consumption practices has a detrimental effect on the environment. This will increase the demand for renewables and impel high voltage cables market expansion.
The Paris Agreement has played an important role in urging several nations to accelerate the pace of transition toward renewables. Renewable energy is now regarded as the second largest source of electricity in the United Kingdom. The rising inclination toward renewables will propel the regional high voltage cables market size.
The rising need to achieve energy efficiency is propelling the widescale adoption of smart grid technology. Smart grids bring forth energy reliability, cost saving and energy consumption management and will also open up growth prospects for high voltage cables market in the upcoming years.
Many countries are facing the challenge of maintaining and upgrading their respective energy distribution network. Rapidly ageing energy distribution infrastructure will fuel North America high voltage cables industry share. The U.S. power distribution infrastructure is estimated to be worth approximately $876 billion. The U.S. Department of Energy claims that 75% of the nation’s high voltage transmission lines and transformers are well over 25 years old.
The rising need for modernization of the power infrastructure in the U.S. will drive North America high voltage cables market outlook. Global Market Insights, Inc., anticipates high voltage cables market size to grow at a CAGR of 8.8% over 2019-2025
Asia Pacific will be a major regional growth avenue for high voltage cables market in the years to come driven by rising product demand from Southeast Asia. According to the International Energy Agency, the 10 nations that make up the Association of Southeast Asian Nations (ASEAN) currently represent one of the world’s most dynamic energy market. This can be credited to the region’s energy demand that has increased by approximately 60% over the last one and a half decades.
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ASEAN nations are undertaking several initiatives to ensure uninterrupted power supply. With a population of nearly 640 million, around 65 million still live without electricity. The rising need to enable consistent electricity supply will drive APAC high voltage cables market share.
The solar energy industry expansion in Australia will fuel Asia Pacific high voltage cables industry size. Australia is known to have the world’s highest level of average solar radiation per square meter. According to the Australian Renewable Energy Agency, large-scale solar power based electricity is expanding at an unprecedented rate across the region.
Close to two million homes across Australia have solar energy systems installed on their rooftops. Today, electricity generation across the country is increasing rapidly in response to favorable Australian government’s policies, especially the Renewable Energy Target. The Australian Government aims to establish a solar power generation capacity of approximately 1000 megawatts (MW). This trend will help to drive the regional high voltage cables industry share.
The increasing number of government initiatives directed toward promoting renewable energy and the need to revamp grid infrastructure will propel high voltage cables market size. Prominent companies in high voltage cables market include Alfanar, Sumitomo, Riyadh Cables, Taihan Electric, Nexans, ABB, and Sterlite Power. These companies adopt organic as well as inorganic tactics such as business collaborations and mergers and acquisitions to increase market share.
Global Market Insights, Inc., estimates that the worldwide high voltage cables market share will exceed $29 billion by 2025.
Author Name : Akshay Kedari
Surgical robots market to register double-digit CAGR over 2019-2025, technological advancements in medical robotics to drive industry expansion
With technological advancements all set to revolutionize healthcare in the coming years, surgical robots market is anticipated to capture a significant share of the changing medical industry. Of late, precision robots have been able to make minimally invasive surgeries a reality and are being increasingly used in the fields of urology, gynecology, oncology, gastroenterology, thyroid, bariatric, colon and rectal surgeries. Not only does robotic surgery vastly assist doctors in increasing dexterity and reducing fatigue, advancement in robotic technology recently made it possible for the surgeon to conduct the world’s first telerobotic surgery from 32 kilometers away.
U.S. Surgical Robots Market Size, By Component, 2018 & 2025 (USD Million)
Besides such ground breaking progress, surgical robots have been involved for long procedures like knee and hip replacement. For instance, Mako Surgical, the Michigan based orthopedic device giant recorded nearly 76,900 knee and hip replacement procedures in 2018 with 650 Mako robots placed around the world.
Surgical robots market is expected to gain a massive CAGR over 2019-2025 as current trends in healthcare have conclusively indicated that robotic surgery is the future of surgical procedures. There are several prominent factors that will be adding palpable stimulus to the surgical robots industry, the chief among them being a rapidly expanding geriatric population. The aging of the baby boomer generation has affected many aspects of the healthcare sector primarily due to the fact that older individuals tend to require more healthcare services including surgeries. Demographic trends such as the aging of millennials, especially female millennials should also be taken into consideration as far as surgical robots industry projection over the coming years is considered, as hysterectomies are most commonly conducted on women in their early 40s and medical robots are often used in such procedures.
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Prominent surgical robots like Da Vinci, developed by robotic surgery company Intuitive Surgical, completed 5 million surgeries in 2018 through the more than 4,500 surgical robots sold by the company worldwide. Intuitive Surgical, the Sunnyvale, California based company holds a dominant position in the surgical robots industry and in 2019 made it to the headlines as it undertook steps to expand its footprint in Sunnyvale investing over $15 million for expanding its area by 36,000 sq.ft. Such investments not only underline Intuitive’s massive success in the manufacturing of advanced medical devices but also the return of investment promised by robotic surgery in the future.
Since experts in the medical field consider robotic surgeries to be the future of myriad surgical procedures, various surgical robotic companies such as TransEnterix, Mazor Robotics, Stryker, Medrobotics are striving to capture larger share in the surgical robots market. For instance, in late 2017 TransEnterix gained FDA approval for its Senhance robotic surgery system that has the potential to challenge the Da Vinci surgical system in the future. Medtronic, the medical-device giant, with its acquisition of Mazor Robotics, plans to launch its own robotic surgical system that is anticipated to present a challenge to Intuitive Surgical.
Johnson & Johnson has made its foray into robotic surgery with the acquisition of Auris Health. Auris’ surgical robotic system such as the Monarch is a competitor for the ION system designed by Intuitive for minimally invasive lung biopsy. Additionally, Johnson & Johnson is also working with Verily, an Alphabet subsidiary, over a joint venture named Verb Surgical that focuses on developing robotic surgery technology.
Researchers seem to be on the run, and are expected to continue developing surgical robots that add precision to a surgeon’s maneuvers. Rather they are surging forward with the development of robots that can perform surgeries on their own. Recently, ripples had been created in the surgical robots industry with bioengineers from Boston Children’s Hospital developing a robot that has navigated independently within an animal heart to repair a cardiac valve. This goes beyond surgeons using controllers in surgical procedures and utilizes AI and image-trained algorithms for autonomous navigation. With the rapid pace of technological innovations assuring further advancements in the field of robotic surgery technology, surgical robots market size is poised to surpass $24 billion by 2025.
Author Name : Paroma Bhattacharya
Gas insulated power equipment market expansion to be characterized by the launch of new gas insulated transmission lines, Asia Pacific to emerge as a major growth terrain for the industry
The promising growth graph of the global gas insulated power equipment market can be comprehended by the recent launch of a 550kV-class gas insulated switchgear by Toshiba which has facilitated transportation of a single line main unit as a whole unit for the very first time in the world. The Japanese multinational succeeded in lowering the volume of the gas insulated switchgear by almost 20 percent, while realizing a considerable cost reduction by cutting down the number of parts.
Gas Insulated Power Equipment Market, By Product (USD Million)
Moreover, the installation work time has also been reduced substantially as a lesser amount of time is being needed for assembly and testing on site. Taking into account the aforementioned ingenuity shown by leading gas insulated switchgear manufacturers, it is a given that such technological progress would favor the gas insulated power equipment industry in the times to come.
How is the gas insulated transmission line product segment impelling the growth prospects of the overall gas insulated power equipment industry?
When it comes to the product spectrum of the gas insulated power equipment market, the prominence of gas insulated transmission line has grown in the recent years owing to its excellent characteristics such as minimal electrical ageing, low maintenance cost, and effective capacity to withstand short-circuit. One of the major factors that has favored the increasing popularity of this segment is the fact that numerous gas insulated transmission line makers have focused on research and development activities to create new products that would reduce environmental hazards and the total project cost.
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The German manufacturing behemoth Siemens AG, for instance, has recently introduced a new gas insulated transmission line for transporting large volumes of energy at high DC voltages. Reputed universities such as Dresden University of Applied Sciences, Berlin Technical University, and Eastern Bavarian Technical University Regensburg have supported the research team from Siemens to develop a new gas insulated DC transmission line named the Compact Transmission Line for Direct-Current High Voltage for laying underground.
It has to be noted that the presently available gas insulated transmission line is suited for only alternating current. The uniqueness of Siemens’ transmission line lies in the fact that specific properties at high direct voltages have been taken into consideration while designing the components. Moreover, the gas insulated power equipment industry is witnessing for the first time that a transmission line can transmit up to 5 GW of power per system. Needless to mention, such high voltage transmission capability along with enhanced insulation properties of the new products is ensuring that gas insulated transmission line segment contributes massively to the expansion of the gas insulated power equipment industry.
In terms of regional growth graph, Asia Pacific nations would be the major consumers of gas insulated switchgear and transmission lines owing to the ever-increasing power demand from emerging economies. Evolving power consumption patterns in corporations and households along with swift technological progress would augment Asia Pacific gas insulated power equipment industry. In this regard, it quite prudent to mention that developing nations such as India and China would be leading consumers of gas insulated power equipment as they continuously build electrical capabilities and infrastructure to meet the growing demand for electricity.
It comes as no surprise that gas insulated switchgear and transmission lines are being increasingly installed at substations and power facilities as they are viewed as a system essential to ensure a stable supply of electricity. Owing to this changing mindset of larger energy producers and the necessity to reduce maintenance personnel and site area, the revenue target of gas insulated power equipment market, as per reliable estimates, is set to exceed USD 30 billion by 2025.
Author Name :Saif Ali Bepari