“The Gas Insulated Substation (GIS) market will see a capital expenditure (capex) of $21,018mn in 2019” says Visiongain report
12 September 2019
Visiongain has launched a new energy report Gas Insulated Substation (GIS) Market Forecast 2019-2029: Forecasts by Installation Type (Indoor, Outdoor), End-User (Utility, Non-Utility), by Voltage (Medium (<72.5KV), High (>72.5KV)) Plus Profiles of Leading Companies and Regional and Leading National Market Analysis.
The concept of the gas insulated substation was introduced in 1920 when oil was used as the insulating medium in the system. The use of oil was replaced by the compressed air, and different gases are owing to increased research and development in the industry.
A substation is considered as one of the vital elements of power system infrastructure. It is developed to transform high electrical voltage to low or vice versa. It comprises of the assembly of numerous power transmission and distribution systems.
In the past few years, demand for gas insulated substation has gained wide momentum across several countries. Increasing energy demand in several developing countries is augmenting the demand for gas insulated substation (GIS). These substations, on account of its consistent effective performance, prove to be the most beneficial technology for power distribution in harsh, remote areas. They are also highly reliable, more efficient and low maintenance power systems. Rising urban population across several countries is accelerating the demand for the low maintenance small and power systems. Lack of sufficient land infrastructure for the development of conventional substation in these areas is influencing the demand for the GIS technology at a substantial rate.
The Visiongain report analyst commented "Gas Insulated Substation market is expected to witness moderate growth on account of ongoing government plans toward expansion of transmission and distribution networks. Increasing measures by the government to facilitate efficient and reliable electrification benefits and decentralised electricity supply will boost the demand for gas insulated substations globally. Rising urban population will further embellish the demand for GIS installation. In addition, governments aim to provide reliable and continuous electricity supplies will positively impact the product penetration over the coming years."
Leading companies featured in the report who are involved in Gas Insulated Substation (GIS) include; ABB, Arteche, Fuji Electric, General Electric, Hitachi Ltd, Mitsubishi Heavy Industries, Nissin Electric, Siemens AG, Toshiba and Hyundai Heavy Industries
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