Gas Insulated Substation Market Projected to Reach US$ 29.5 Billion by 2023
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The Gas-Insulated Substation Market is projected to reach US$ 29.5 Billion by 2023, from an estimated US$ 18.9 Billion in 2018, at a CAGR of 9.27%. This growth is primarily due to the rise in renewable power generation, increasing investments in the transmission & distribution infrastructure, escalating energy demand, limitations of space availability in densely populated urban areas, and government initiatives toward improving electricity access.
Asia Pacific is expected to account for the largest market share of the global gas-insulated substation market in 2018. This trend is projected to continue until 2023. It is the most populated region in the world and consequently witnesses a high demand for electricity. Countries such as China, Japan, and India are investing in their grid expansion projects to increase distribution grid reliability.
The Study Objectives of this report are:
- To strategically analyze the gas-insulated substation market with respect to individual growth trends, future expansions, and contributions to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To analyze competitive developments such as mergers & acquisitions, expansions, new product developments, and contracts & agreements in the field of gas-insulated substations market
- To forecast the growth of the gas-insulated substations market with respect to major regions (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)
- To profile key players and comprehensively analyze their market ranking and core competencies
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Top Key Players in the” Gas Insulated Substation Market” include are Hitachi, General Electric, ABB, Mitsubishi Electric, Toshiba Corporation, Larsen & Toubro, Siemens AG, CG Power and Industrial Solutions, Hyosung,Bharat Heavy Electricals Limited, Tbea Co. Ltd., Elsewedy Electric .
Reason to buy this report:
The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall gas-insulated substation market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
More information about Discount on “Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region – Global Forecast to 2023” report at https://www.reportsnreports.com/contacts/discount.aspx?name=1842434 .
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