Gas Insulated Transmission Lines Market Latest Trends, Growth Opportunities, Emerging Trends 2028


Posted April 24, 2020 by sushma1234

Gas Insulated Transmission Lines Market size is expected to reach USD XX Billion in 2028 growing at a CAGR of XX% during the period from 2016-2028.

 
Gas Insulated Transmission Lines Market size is expected to reach USD XX Billion in 2028 growing at a CAGR of XX% during the period from 2016-2028.

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Gas insulated transmission line (GIL) is a system for the transmission of high voltage electricity for long distance. Increasing demand for high voltage from large-scale industries, metropolitan cities and also increasing numerous high voltage projects are expected to drive the global gas insulated transmission lines market during the forecast period. It is expected that Asia Pacific will dominate in the global gas insulated transmission lines market throughout the forecast period owing to increasing high voltage projects followed by Europe and United States. Among the countries of Asia Pacific, China is estimated to hold leading market share in the market owing to its strong layout of transmission plans. Besides this, in Europe, Germany is projected to grow with a cumulative growth rate during the forecast period.

Low mutual capacitance, flexibility, low maintenance and overload capability are some of the paramount features that will stimulate the gas insulated transmission line market share. Positive policy interventions accompanied by favorable sectoral schemes have strengthen the electricity industry share, largely influenced by prevailing economic growth. Large capacity industrial installation along with rapid commercialization & suburban expansion will further complement the business outlook.

The Asia Pacific is projected to be the largest GIL market. Increasing urbanization and subsequently growing high voltage projects are propelling the market in this region. This market in China is expected to grow significantly in the coming years. This market in North American and European regions is also witnessing growth due to growing high voltage industries. The Middle East is an emerging region for this market.

Companies Covered: Siemens AG, Jiangnan Group Limited, TBEA Energy (India) Private Limited, AZZ Inc., RWE AG, Grupo COBRA, L&T Construction, and General Electric

Key Factors Impacting Market Growth:
• Increasing demand for high voltage transmission lines
• Growth of electronics and automation industries
• Use of SF6 gas may affect market growth

Key Developments in Gas Insulated Transmission Lines Market
• On March 30 2019, Siemens delivered a power control system to Oslo's distribution network empowering a population of 1.5 million people.
I
ncreasing demand for high voltage from large-scale industries, metropolitan cities and also increasing numerous high voltage projects are expected to drive the global gas insulated transmission lines market during the forecast period. High safety, flexibility, high overload capability, less space consuming, minimal electromagnetic radiation, low mutual capacitance (low charging current/power) and less maintenance are the factors that may drive the global insulated transmission line market during the forecast period. Furthermore, GIL contains large outer diameter and does not require any external agent for cooling and no need of phase angle compensation up to system lengths of 70 km are factors also boosting the global gas insulated transmission lines market during the forecast period.

Market Segmentation:
By Installation Method:
• Above ground Installation
• Tunnel Installation
• Vertical Installation
• Direct Burial

By End-use Industry:
• Electrical & Electronics
• Oil & Gas
• Chemical
• Cement
• Textiles
• Mining
• Others

By Region:
North America
Asia Pacific
Western Europe
Eastern Europe
Middle East
Rest of the World

Reasons to Buy This Report:
• Market size estimation of the global gas insulated transmission lines market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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Issued By Sushma
Phone US +1 208 405 2835
Business Address Office No- A109 Pune, Maharashtra 411028
Country India
Categories Business , Industry
Tags business , gas insulated transmission lines market , globe , news , outlook , share , size , trends
Last Updated April 24, 2020