Energy and Power

  Market Research Future Insights According to MRFR analysis, the global gas insulated substation market is expected to register a CAGR of ~ 16.26% from 2023 to 2032 and hold a value of over USD 50.02 Billion by 2032. A gas insulated substation (GIS) is a high voltage substation that uses a gas as an insulating medium to minimize electrical insulation distances and physical footprint. It is a compact and reliable solution that is used for high voltage transmission and distribution systems. The gas insulated substation market includes equipment such as GIS, switchgear, transformers, and other components that are used in high voltage power transmission and distribution systems. The COVID-19 pandemic has had a significant impact on the gas insulated substation market. The pandemic has caused supply chain disruptions, leading to a shortage of raw materials and components required for the manufacture of GIS equipment. The lockdowns and restrictions on travel and transportation h...

Market Overview The global gas-insulated substation market is expected to grow from USD 13.8 billion in 2022 to USD 21.7 billion by 2028, at a CAGR of 7.5% during the forecast period. The growth of the GIS market is attributed to the increasing demand for electricity, the need for reliable and efficient power transmission and distribution systems, and the growing adoption of renewable energy sources. GIS is a type of substation that uses an inert gas, such as sulfur hexafluoride (SF6), to insulate the electrical conductors. GIS substations are more compact and efficient than traditional air-insulated substations (AIS), and they offer a number of other advantages, such as lower noise levels, reduced environmental impact, and improved safety. The increasing implementation of smart metering and smart grid technologies is leading to rapid improvement in the power distribution sector, where the medium voltage gas demand is increasing. These voltage segments are widely used in the d...