Report Overview

The global gas insulated substations market reached a value of USD 28.89 billion in 2023. The market is expected to grow at a CAGR of about 8.6% in the forecast period of 2024-2032 to reach a value of around USD 60.70 billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Competitive Landscape

The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • General Electric Company
  • Hitachi, Ltd.
  • Mitsubishi Electric Power Products, Inc.
  • Larsen & Toubro Limited
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the gas insulated substations market based on the Porter's five forces model along with giving a SWOT analysis.

 

Gas Insulated Substations Market Report Snapshots

Gas Insulated Substations Market Size

Gas Insulated Substations Market Growth

Gas Insulated Substations Market Trends

Gas Insulated Substations Companies

Gas Insulated Substations Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Outline the Scope

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 8.6% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 60.70 billion by 2032.

The market drivers include the benefits offered by gas insulated substations, the rising demand for energy-efficient power transmission systems, the increasing power consumption, and the surging investments in the upgradation of ageing hydropower plants.

The rising demand for energy-efficient power generation systems, the surging usage of vehicles and electronic gadgets, and the increasing integration of gas insulated substations in manufacturing units and processing centres are the key trends guiding the market growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major segments based on voltage of the product considered in the market report include medium voltage, high voltage, and extra high voltage.

Indoor and outdoor are the various applications of gas insulated substations.

The significant end uses of gas insulated substations are power transmission and distribution and power generation and processing, among others.

The key players in the market include General Electric Company, Hitachi, Ltd., Mitsubishi Electric Power Products, Inc., and Larsen & Toubro Limited, among others.

In 2023, the market reached an approximate value of USD 28.89 billion.

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63 Fiona Drive, Tamworth, NSW

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C130 Sector 2 Noida, Uttar Pradesh 201301

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40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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