[Research Report] The global gas insulated substation market was valued US$ 15,416.1 million in 2016, it is escalating at a CAGR of 19.4% during the forecast period from 2017 to 2025.
Gas insulated substations are one kind of power generation and distribution centers used for transmitting electricity using a human made gas known as Sulphur hexafluoride (SF6). There are two types of gas insulated substations such stationery and mobile gas insulated substations. The market for gas insulated substations is poised to grow over the years owing to the huge demand for power generation in the urban areas where the availability of space is limited to accommodate air insulated substations. Furthermore, the established companies as well as the emerging companies in the industry are researching on development of robust technologies in order to enhance the operation of gas insulated substations and meet the surging demand for power generation. The South America gas insulated substation market region is expected to witness a CAGR growth rate of 16.9% in the coming years.
Gas Insulated Substation Market Insights
Increase in demand for energy efficient power generation system
The world is experiencing a significant rise in demand for energy efficient power generation systems as the power consumption has increased heavily over the past decades. It is anticipated that, the power consumption will grow further with the increased usage of electronic gadgets, vehicles, and electronic appliances in the developed countries as well as in few developing countries. This has led to adoption of gas insulated substations (GIS), which is highly energy efficient and can transmit more than 5 times of power as compared to the conventional system which is air insulated substation. The gas used in gas insulated substations is sulphur hexafluoride (SF6). This gas is highly energy efficient and owing to this benefit, the end users are rapidly adopting these gas insulated substations for new installations as well as up gradation of traditional substations in order to meet the surging demand for power generation. Subsequently, driving the growth for gas insulated substation market in the coming years.
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Gas Insulated Substation Market: Strategic Insights
Market Size Value in US$ 15,416.1 Million in 2016 Market Size Value by US$ 41,059.8 Million by 2025 Growth rate CAGR of 19.4% from 2017-2025 Forecast Period 2017-2025 Base Year 2017
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Gas Insulated Substation Market: Strategic Insights
| Market Size Value in | US$ 15,416.1 Million in 2016 |
| Market Size Value by | US$ 41,059.8 Million by 2025 |
| Growth rate | CAGR of 19.4% from 2017-2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
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Growing popularity of mobile substation
The demand for mobile gas insulated substations has gained significant traction in the global gas insulated substation market across different region in order to generate maximum power in areas with confined lands. The major advantage of gas insulated substations is the compact size of the system over air insulated substations. Owing to this factor, the mining sector, construction industry, oil & gas industry, as well as marine ports are increasingly adopting the mobile gas insulated substations. The primary advantage of mobile gas insulated substations is it can be easily moved to one place to another and can be reconfigured according to the project that changes over a period. Another benefit of mobile gas insulated substations is that the systems are integrated with high end shock absorbers which allow the vehicle to move through rough terrains. Moreover, these mobile gas insulated substations are capable of operating at harsh temperatures with disruptions and are corrosion resistant. The electromagnetic compatibility integrated in the mobile gas insulated substations complete protection of operating personnel and surrounding environment as well as reduces the overall noise to absolute minimum. Thus, the growing popularity of mobile based substation is expected to provide numerous profitable opportunities for the gas insulated substation market players in the coming years.
Gas Insulated Substation Market - Application Insight
In the global gas insulated substation market for the power transmission & distribution segment by application, the power transmission and distribution is the main function of gas insulated substations, where the power generated from power plants are received and then transmitted to various region situated at a long distance from the power generation plants. The major advantage of installing GIS to transmit and distribute power is the compact design of gas insulated substations, which enables the substation to be installed in a confined space. The GIS are compact in design but are capable of transmitting and distributing heavy loads than the power of an air insulated substation. The market for gas insulated substation is poised to grow during the forecast period from 2017 to 2025, owing to the up gradation of existing or traditional power transmission and distribution centers in few developed countries to gas insulated substations, which provide more power over a longer distance. Thus, the power transmission & distribution segment by application for gas insulated substation market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.
Gas Insulated Substation Market – Voltage Type Insight
For the global gas insulated substation market, the high voltage transmitting gas insulated substations are most widely used GIS across the globe owing to the various advantages. High-voltage substations are power grid nodes at which power from different generating sources is pooled, distributed, transformed, and delivered to the load points. The high voltage transmitting gas insulated substations are easily available with huge range of power transmission capability ranging from 72.5 kV to 550 kV over a long area. The high voltage GIS provides ideal solutions for all outdoor and indoor switching applications with higher performance. The market for high voltage gas insulated substation is fueled by the demand for increase in need for energy efficient power transmission mechanism, as these high voltage GIS are much more energy efficient as compare to the traditional air insulated substations. Another major factor boosting the market for high voltage GIS is the easy installation and operations of the high voltage GIS that increases the reliability on the system. The high voltage gas insulated segment is expected to grow at a CAGR of 19.7% during the forecast period.
Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global gas insulated substation market. Few of the recent strategies by some of the players’ operating in the gas insulated substation market landscape are listed below:
- 2017: Siemens supplies two Gas-Insulated high-voltage switchgear (GIS) for the Rogun hydropower plant in Tajikistan. This solution would prevent from short circuits and overloading during the power generation and transmission process.
- 2016: Verimatrix and Access Co., Ltd. has extended their partnership to secure and improve the convergence of IP services and traditional broadcast infrastructure. Access Co., Ltd. is a Japan based company that provides a range of software for mobile and connected devices.
- 2016: GE and LSIS, a solution provider of electric power system, automation, and Smart grid solutions, signed a Memorandum of Understanding (MoU) for cooperation in power, smart energy, and smart factory solutions. As a part of MoU, both companies are expected to co-develop SF6 free power equipment for 400 kV Gas Insulated Busducts (GIB) and 170 kV Gas Insulated Substations (GIS).
Gas Insulated Substation Market Report Scope
GLOBAL GAS INSULATED SUBSTATION MARKET SEGMENTATION
Gas Insulated Substation Market – By Voltage Type
- High Voltage Gas Insulated Substation
- Ultra-High Voltage Gas Insulated Substation
Gas Insulated Substation Market – By Application
- Power Transmission and Distribution
- Manufacturing and Processing
Gas Insulated Substation Market - By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- South America
- Brazil
Gas Insulated Substation Market - Company Profiles
- ABB Group
- CG Power and Industrial Solutions Ltd.
- Eaton Corporation PLC
- General Electric Company
- Hyosung Corporation
- Mitsubishi Electric Corporation
- Nissin Electric Co. Ltd.
- Schneider Electric SE
- Siemens AG
- Toshiba International Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Voltage Types & Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Table of Contents
1. Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 9
2 Introduction 12
2.1 Scope of the Study 12
2.2 The Insight Partners Research Report Guidance 12
3 Key Takeaways 14
4 Market Landscape 18
4.1 Market Overview 18
4.2 Market Segmentation 19
4.3 Global Gas Insulated Substation Market – By Voltage Type 20
4.4 Global Gas Insulated Substation Market – By Application 21
4.5 Global Gas Insulated Substaion Market – By Geography 21
4.6 PEST Analysis 23
4.6.1 North America PEST Analysis 23
4.6.2 Europe PEST Analysis 26
4.6.3 Asia Pacific PEST Analysis 28
4.6.4 Middle East & Africa PEST Analysis 30
4.6.5 South America PEST Analysis 33
5 Global Gas Insulated Substation – Key Market Dynamics 35
5.1 Key Market Drivers 35
5.1.1 Demand for More Reliable, Long Life Span and Less Maintenance Systems 35
5.1.2 Growing Demand for Energy Efficient Power Generation Systems 35
5.1.3 Upgradation of Conventional Substation Systems 36
5.1.4 Easy Installation and Operations 36
5.2 Key Market Restraints 37
5.2.1 Huge Initial Investments 37
5.2.2 Adverse Effect of Sulphur Hexafluoride (SF6) on Environment 37
5.3 Key Market Opporunities 38
5.3.1 Mobile Substations Fueling the Market 38
5.4 Future Trends 39
5.4.1 Replacement of Sulphur Hexafluoride as the Insulating Medium 39
5.5 Impact Analysis of Drivers and Restraints 40
6 Gas Insulated Substation Market – Global 41
6.1 Global Gas Insulated Substation Market Overview 41
6.2 Global Gas Insulated Substation Market Forecast and Analysis 43
7 Global Gas Insulated Substation Market Analysis – By Voltage Type 44
7.1 Overview 44
7.2 High Voltage Gas Insulated Substation 46
7.2.1 Overview 46
7.2.2 Global High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 46
7.3 Ultra-High Voltage Gas Insulated Substation 48
7.3.1 Overview 48
7.3.2 Global Ultra-High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 48
8 Global Gas Insulated Substation Market Analysis – By Application 50
8.1 Overview 50
8.2 Power Transmission and Distribution 52
8.2.1 Overview 52
8.2.2 Global Power Transmission and Distribution Market Revenue and Forecasts to 2025 (US$ Mn) 52
8.3 Manufacturing and Processing 54
8.3.1 Overview 54
8.3.2 Global Manufacturing and Processing Market Revenue and Forecasts to 2025 (US$ Mn) 54
9 Global Gas Insulated Substations Market – Geographical Analysis 56
9.1 Overview 56
9.2 North America Gas Insulated Substations Market Revenue and Forecasts to 2025 57
9.2.1 Overview 57
9.2.2 North America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 57
9.2.3 North America Gas Insulated Substations Market Breakdown by Key Countries 59
9.2.3.1 U.S. Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 60
9.2.3.2 Canada Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 61
9.2.3.3 Mexico Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 62
9.2.4 North America Gas Insulated Substations Market Breakdown by Voltage Type 62
9.2.5 North America Gas Insulated Substations Market Breakdown by Application 64
9.3 Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 66
9.3.1 Overview 66
9.3.2 Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 66
9.3.3 Europe Gas Insulated Substations Market Breakdown by Key Countries 68
9.3.3.1 France Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 69
9.3.3.2 Germany Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 70
9.3.3.3 U.K Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 71
9.3.3.4 Italy Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 72
9.3.3.5 Spain Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 73
9.3.4 Europe Gas Insulated Substations Market Breakdown by Voltage Type 74
9.3.5 Europe Gas Insulated Substations Market Breakdown by Application 75
9.4 Asia Pacific (APAC) Gas Insulated Substations Market Revenue and Forecasts to 2025 77
9.4.1 Overview 77
9.4.2 Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 77
9.4.3 Asia Pacific Gas Insulated Substations Market Breakdown by Key Countries 79
9.4.3.1 China Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 80
9.4.3.2 India Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 81
9.4.3.3 Australia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 82
9.4.3.4 Japan Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 83
9.4.4 Asia Pacific Gas Insulated Substations Market Breakdown by Voltage Type 84
9.4.5 Asia Pacific Gas Insulated Substations Market Breakdown by Application 85
9.5 Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 87
9.5.1 Overview 87
9.5.2 Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 87
9.5.3 Middle East & Africa Gas Insulated Substations Market Breakdown by Key Countries 89
9.5.3.1 Saudi Arabia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 90
9.5.3.2 U.A.E Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 91
9.5.3.3 South Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 92
9.5.4 Middle East & Africa Gas Insulated Substations Market Breakdown by Voltage Type 93
9.5.5 Middle East Gas Insulated Substations Market Breakdown by Application 95
9.6 South America (SAM) Gas Insulated Substations Market Revenue and Forecasts to 2025 97
9.6.1 Overview 97
9.6.2 Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 97
9.6.3 South America Gas Insulated Substations Market Breakdown by Key Countries 99
9.6.3.1 Brazil Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 100
9.6.3.2 Rest of South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 101
9.6.4 South America Gas Insulated Substations Market Breakdown by Voltage Type 102
9.6.5 South America Gas Insulated Substations Market Breakdown by Application 103
10 Industry Landscape 105
10.1 Market Initiative 105
10.2 Merger and Acquisition 107
10.3 New Development 108
11 Competitive Landscape 109
11.1 Competitive Product Mapping 109
11.2 Market Positioning – Global Top 5 Players Ranking 112
12 Global Gas Insulated Substation Market – Key Company Profiles 113
12.1 ABB 113
12.1.1 Key Facts 113
12.1.2 Business Description 113
12.1.3 Financial Overview 115
12.1.4 SWOT Analysis 116
12.1.5 Key Developments 118
12.2 CG Power and Industrial Solutions Ltd. 119
12.2.1 Key Facts 119
12.2.2 Business Description 119
12.2.3 Financial Overview 120
12.2.4 SWOT Analysis 121
12.2.5 Key Developments 123
12.3 Eaton 125
12.3.1 Key Facts 125
12.3.2 Business Description 125
12.3.3 Financial Overview 126
12.3.4 SWOT Analysis 127
12.3.5 Key Developments 128
12.4 General Electric Company 129
12.4.1 Key Facts 129
12.4.2 Business Description 129
12.4.3 Financial Overview 130
12.4.4 SWOT Analysis 131
12.4.5 Key Developments 133
12.5 Hyosung Corporation 135
12.5.1 Key Facts 135
12.5.2 Business Description 135
12.5.3 Financial Overview 136
12.5.4 SWOT Analysis 136
12.5.5 Key Developments 139
12.6 Mitsubishi Electric Corporation 140
12.6.1 Key Facts 140
12.6.2 Business Description 140
12.6.3 Financial Overview 141
12.6.4 SWOT Analysis 142
12.6.5 Key Developments 145
12.7 Nissin Electric Co. Ltd. 146
12.7.1 Key Facts 146
12.7.2 Business Description 146
12.7.3 Financial Overview 147
12.7.4 SWOT Analysis 147
12.7.5 Key Developments 149
12.8 Schneider Electric SE 150
12.8.1 Key Facts 150
12.8.2 Business Description 150
12.8.3 Financial Overview 151
12.8.4 SWOT Analysis 152
12.8.5 Key Developments 154
12.9 Siemens AG 155
12.9.1 Key Facts 155
12.9.2 Business Description 155
12.9.3 Financial Overview 156
12.9.4 SWOT Analysis 157
12.9.5 Key Developments 159
12.10 Toshiba International Corporation 161
12.10.1 Key Facts 161
12.10.2 Business Description 161
12.10.3 Financial Overview 162
12.10.4 SWOT Analysis 163
12.10.5 Key Developments 164
13 Appendix 166
13.1 About The Insight Partners 166
13.2 Glossary of Terms 167
13.3 Methodology 168
13.3.1 Coverage 168
13.3.2 Secondary Research 168
13.3.3 Primary Research 169
13.4 Contact Us 170
13.5 Disclaimer 170
1.1 List of Tables
Table 1: Global Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 43
Table 2: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 63
Table 3: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 65
Table 4: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 75
Table 5: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 76
Table 6: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 85
Table 7: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 86
Table 8: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 94
Table 9: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 96
Table 10: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Voltage Type (US$ Mn) 103
Table 11: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 104
Table 12: Glossary of Terms, Gas Insulated Substation Market 167
1.2 List of Figures
Figure 1: Global Gas Insulated Substation Market, Revenue (US$ Mn), 2016 & 2025 14
Figure 2: Middle East & Africa Gas Insulated Substation Market, Revenue (US$ Mn), 2016 & 2025 15
Figure 3: Global Gas Insulated Substation Market by Voltage Types, Revenue (US$ Mn), 2017 16
Figure 4: Global Gas Insulated Substation Market by Application, Revenue (US$ Mn), 2017 17
Figure 5: Gas Insulated Substation Market Segmentation 19
Figure 6: Gas Insulated Substation Market Segmentation 20
Figure 7: North America PEST Analysis 23
Figure 8: Europe PEST Analysis 26
Figure 9: APAC PEST Analysis 28
Figure 10: MEA PEST Analysis 30
Figure 11: SAM PEST Analysis 33
Figure 12: Gas Insulated Substation Market Impact Analysis of Driver and Restraints 40
Figure 13: Global Gas Insulated Substation Market 41
Figure 14: Global Gas Insulated Substation Market Breakdown By Voltage Types, 2016 & 2025 (%) 44
Figure 15: Global High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 47
Figure 16: Global Ultra-High Voltage Gas Insulated Substation Market Revenue and Forecasts to 2025 (US$ Mn) 49
Figure 17: Global Gas Insulated Substation Market Breakdown By Application, 2016 & 2025 (%) 50
Figure 18: Global Power Transmission and Distribution Market Revenue and Forecasts to 2025 (US$ Mn) 53
Figure 19: Global Manufacturing and Processing Market Revenue and Forecasts to 2025 (US$ Mn) 55
Figure 20: Gas Insulated Substations Market, Global Breakdown by Regions, 2016 & 2025 (%) 56
Figure 21: North America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 58
Figure 22: North America Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 59
Figure 23: U.S. Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 60
Figure 24: Canada Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 61
Figure 25: Mexico Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 62
Figure 26: North America Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 63
Figure 27: North America Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 64
Figure 28: Europe Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 67
Figure 29: Europe Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 68
Figure 30: France Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 69
Figure 31: Germany Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 70
Figure 32: U.K Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 71
Figure 33: Italy Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 72
Figure 34: Spain Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 73
Figure 35: Europe Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 74
Figure 36: Europe Gas Insulated Substations Market Breakdown by Applications, 2016 & 2025 (%) 75
Figure 37: Asia Pacific Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 78
Figure 38: Asia Pacific Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 79
Figure 39: China Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 80
Figure 40: India Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 81
Figure 41: Australia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 82
Figure 42: Japan Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 83
Figure 43: Asia Pacific Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 84
Figure 44: Asia Pacific Gas Insulated Substations Market Breakdown by Applications, 2016 & 2025 (%) 85
Figure 45: Middle East & Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 88
Figure 46: Middle East & Africa Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 89
Figure 47: Saudi Arabia Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 90
Figure 48: U.A.E Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 91
Figure 49: South Africa Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 92
Figure 50: Middle East & Africa Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 93
Figure 51: Middle East & Africa Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 95
Figure 52: South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 98
Figure 53: South America Gas Insulated Substations Market Breakdown by Key Countries, 2016 & 2025(%) 99
Figure 54: Brazil Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 100
Figure 55: Rest of South America Gas Insulated Substations Market Revenue and Forecasts to 2025 (US$ Mn) 101
Figure 56: South America Gas Insulated Substations Market Breakdown by Voltage Type, 2016 & 2025 (%) 102
Figure 57: South America Gas Insulated Substations Market Breakdown by Application, 2016 & 2025 (%) 103
The List of Companies
1. Schneider Electric SE
2. Siemens AG
3. ABB Group
4. Eaton Corporation Limited
5. Mitsubishi Electric Corporation
6. General Electric
7. Crompton Greaves Limited
8. Toshiba Corporation
9. Alstom SA
10. Nissin Electric Co. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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Nov 2017
Spent Nuclear Fuel Waste Management Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Reactor Type (Pressurized Water Reactors (PWR), Boiling Water Reactors (BWR), and Gas-Cooled Reactors, and Others); Disposal Type (Near Surface Disposal and Deep Surface Disposal); and Geography
Nov 2017
Solar PV Inverter Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (String, Micro, Central), Phase (Single Phase, Three Phase), Connectivity (Standalone, On-grid), Application (Residential, Community, Commercial and Industrial, Utility), Capacity (Below 5 kW, 5 - 15 kW, 15 - 25 kW, 25 - 50 kW, Above 50 kW); and Geography
Nov 2017
Offshore Oil and Gas Pipes Fittings and Flanges Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Pipes, Fitting, and Flanges), Material Type (Steel, Alloy Steel, Nickel Alloys, and Copper Alloys); and Geography
Nov 2017
Turboexpander Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Loading Device (Compressor, Generator, and Hydraulic/Oil Brake), Power Capacity [Less than 1 MW (Up to 500 KW and 500 KW to 1 MW), 1 MW to 20 MW, and More than 20 MW], End User (Oil and Gas, Power Generation, and Industrial), and Geography
Nov 2017
Green Hydrogen Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Alkaline Electrolysis and PEM Electrolysis), Renewable Source (Wind Energy, Solar Energy, and Others), and End-use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals, and Others), and Geography
Nov 2017
Thermal Energy Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Storage), Storage Material (Water, Molten Salt, PCM, Others), Application (District Heating and Cooling, Power Generation, Process Heating and Cooling), and End User (Utility, Nonutility) and Geography
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