Gas Insulated Transmission Line Market

Global Market Study on Gas Insulated Transmission Lines: High Usage in Commercial & Industrial Power Infrastructure Projects Augmenting Market Growth

Gas Insulated Transmission Lines Market Segmented By installation method that is Aboveground Installation, Tunnel Installation, Vertical Installation, Direct Burial used in Electrical Industry, Oil Industry, Chemical Industry, Cement Industry, Textile Industry, Mining Industries.

Market Snapshot

Newly released global gas insulated transmission line industry analysis by Persistence Market Research shows that demand recorded year-on-year (YoY) growth of 3.8% in 2021 to reach sales of 53.6 km of gas insulated transmission lines.

Demand from power generation plants grew 4% (YoY) to register sales of 14.40 km, while that from power transmission & distribution was up 4.1% (YoY) to record sales of 25.73 km lines.

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Companies

  • Siemens AG
  • GE Grid Solutions
  • ABB
  • Hitachi ABB
  • AZZ Inc.
  • Tatung Co.
  • Akahoshi Inc.
  • Beta Engineering
  • LS Cable & System Ltd.
  • Russian Busbar Centre

 

Key Insights Covered in Gas Insulated Transmission Line Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • New Installations / Sales including Retrofit
  • Analysis of Quotations, Tenders and Package Offerings
  • COVID-19 Impact on Sales of Gas Insulated Transmission Lines and How to Navigate
  • Recommendation on Key Winning Strategies

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Demand Analysis of Gas Insulated Transmission Lines from 2016 to 2020 Vs Market Outlook for 2021 to 2031

As per Persistence Market Research’s analysis on the gas insulated transmission line industry, historically, from 2016 to 2020, use of gas insulated transmission lines increased at around 3.6% CAGR, wherein, the U.S., Japan, Germany, China, and the U.K. held significant share in the worldwide market.

Cost has been one of the prominent factors influencing market growth. Since the past decade, gas insulated transmission lines have observed a significant price drop, particularly due to increased application, advancements in technology, and lower raw material cost, especially since raw material and engineering cost accounts for up to 80% of total gas insulated transmission line costing.

In the past few years, gas insulated transmission lines have observed increased application in the hydropower sector, especially in cavern Hydropower dams where they can be installed without problem at any gradient. This makes gas insulated transmission lines significant for cavern hydropower plants where high energy needs to be transmitted from an underground machine transformer to a nearby switchgear and overhead line at the surface.

Use of gas insulated transmission lines is mostly in conjunction with infrastructure projects such as hydropower dams, nuclear power plants, gas or oil power plants, coal power plants, etc. Future field of applications are developing together with infrastructure projects such as railroads, highways, and shipping canals, which can be combined with high capacity power links using gas insulated transmission lines.

Increasing industrialization and renewable energy applications will have a positive impact on demand for gas insulated transmission lines in over the coming years, and the market is anticipated to expand at around 4.5% CAGR through 2031.

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What are the Key Opportunities Awaiting Gas Insulated Transmission Line Manufacturers?

Gas insulated transmission lines can be paired with roads and highways for long-distance use in the future. These lines can be installed under two-lane roads with larger width, and the influence on the electrical systems of cars will be minimal due to their low magnetic field. Their exceptional level of safety, even in the event of internal malfunction, permits these lines to be used in conjunction with public transportation.

Furthermore, future application in railway and traffic tunnels is being considered, which is especially important in rapidly urbanizing regions where space constraints are high.

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What Restraints are Expected to Be Encountered by Gas Insulated Transmission Line Suppliers?

One of the prominent factors hampering market growth is the use of SF6 (sulphur hexafluoride) gas as an insulation medium. However, after the introduction of 2nd generation gas insulated transmission lines, SF6 percentage has lowered to 20%; still, it has high GWP and has a global warming potential 23,000 times greater than carbon dioxide.

Additionally, several tests reveal that overhead lines do not need much space for workshops onsite and will not cause major restrictions in most cases. Gas insulated transmission lines, on the other hand, are almost always assembled on-site, necessitating the use of a large assembly workshop.

gas-insulated-transmission-line-market

Country-wise Analysis

Which Country Offers lucrative Opportunity for Sales of Gas Insulated Transmission Lines?

With an absolute dollar opportunity of around US$ 47.63 Mn, China is expected to be the most lucrative market for gas insulated transmission lines. The nation is observed to lead the East Asian market as well as the global market average growth rate, and is expected to witness 1.6X growth during 2021-2031.

With increased industrialization and improvement in urban development systems, gas insulated transmission lines have gained significant sales in recent times.

Besides, China tops the hydropower sector with an installed capacity of 339840 MW according to the International Renewable Energy Agency, owing to which, gas insulated transmission lines have observed significant demand in the recent past from the hydropower sector in the country.

What is the Growth Scenario of ASEAN Region for Gas Insulated Transmission Lines?

The South Asian market is anticipated to observe significant growth over the assessment period, with ASEAN countries leading the market at a CAGR of around 4.1%.

In the South Asian market, the ASEAN region is set to account for a prominent share of more than 45% by the end of 2031. Increasing demand from the power transmission and power generation sector has been driving market growth in the region.

Will Germany Be a Lucrative Market for Gas Insulated Transmission Line Producers?

In 2021, Germany accounted for over 20% share of the European market. High presence of tier-I players has contributed to the growth of the industry in the country.

Germany has been increasing investments in renewable energy, which is assumed to be one of the key factors that will have optimistic impact on the market over the forecast period. Additionally, increasing energy demand will also benefit the market in the long term.

Category-wise Insights

Why is Aboveground Installation of Gas Insulated Transmission Lines Popular?

Aboveground installation for gas insulated transmission lines will account for over 50% value share in the global market by the end of the assessment period.

Most gas insulated transmission line networks across the globe are installed above ground on steel structures in power plants or substations. In substations, they is often used to connect other high voltage lines. This type of installation is efficient and cost-effective for use at power plants and substations.

Which Application of Gas Insulated Transmission Lines Generates Most Revenue?

By application, AC gas insulated transmission lines are expected to account for more than 65% of overall demand in 2021.

AC-based gas insulated transmission lines are extensively used in various end-use industries, and this trend is anticipated to continue going ahead. However, DC high voltage transmission lines have also gained significant popularity in developed regions such as Europe, North America and parts of Asia. Hence, the share of this segment is also anticipated to increase over the forecast period.

Why is Demand for Gas Insulated Transmission Lines High from the Power Sector?

The power transmission & distribution sector accounted for around 47% value share in 2020. Increasing demand for energy has been the foremost factor boosting sales of gas insulated transmission lines in this segment.

Other than power transmission & distribution, the power generation plants segment is experiencing significant development and growing emphasis on clean energy.

Which Voltage Range of Gas Insulated Transmission Lines is Most Preferred?

The 230 to 500 kV voltage range accounted over 50% value share in 2020. Extensive use of 420kv rated gas insulated transmission lines has been promoting segment sales.

Competitive Landscape

Majority of companies discussed in the report have focused on mergers and acquisitions. Strategies include innovation, collaboration with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.

  • In 2015, Siemens developed gas-insulated DC transmission lines for high voltage DC transmission.

Similarly, recent developments related to companies manufacturing gas insulated transmission lines have been tracked by the team at Persistence Market Research, which are available in the full report.

Gas Insulated Transmission Line Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • BENELUX
  • South Africa
  • GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Oceania

Key Market Segments Covered

  • Rated Voltage
  • Installation Method
  • Application
  • End User
  • Region

Key Companies Profiled

  • Siemens AG
  • GE Grid Solutions
  • AZZ Incorporate
  • ABB
  • Hitachi ABB
  • LS Cable & System Ltd.
  • Beta Engineering
  • Tatung Co.
  • Akahoshi Inc.
  • Russian Busbar Centre

Pricing

Available upon Request

Key Segments Covered in Gas Insulated Transmission Line Industry Research

Rated Voltage

  • 115 to 220 kV Gas Insulated Transmission Lines
  • 230 to 500 kV Gas Insulated Transmission Lines
  • 550 to 1200 kv Gas Insulated Transmission Lines

Installation Method

  • Aboveground Installation of Gas Insulated Transmission Lines
  • Tunnel Installation of Gas Insulated Transmission Lines
  • Vertical Installation of Gas Insulated Transmission Lines
  • Direct Burial of Gas Insulated Transmission Lines

Application

  • DC Current Gas Insulated Transmission Lines
  • AC Current Gas Insulated Transmission Lines

By End User

  • Power Generation Plants
  • Power Transmission & Distribution
  • Oil & Gas Industry
  • Chemical Industry
  • Cement Industry
  • Mining Industry
  • Marine Industry
  • IT & Telecommunication
  • Railways
  • Others

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  • Is the market research conducted by Persistence Market Research?

    Yes, the report has been compiled by expert analysts of Persistence Market Research, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Persistence Market Research?

    Persistence Market Research follows a methodology that encompasses the demand-side assessment, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

  • Who are the respondents for primary research?

    Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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Media Release

- FAQs -

The global gas insulated transmission line market is currently valued at close to US$ 470 Mn.
Demand for gas insulated transmission lines is slated to expand at 4.5% CAGR to reach a market valuation of US$ 700 Mn by 2031.
The market for gas insulated transmission lines expanded at 3.6% CAGR from 2016 to 2020.
Large-scale distribution of clean energy and government initiatives to promote renewable energy are key trends being observed in this market.
Outstanding safety features and versatility paving the way for various applications across industries are factors that will drive continued demand for gas insulated transmission lines.
Top 5 players are Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB, and Hitachi ABB, who together account for over 68% market share, as per ratings on the basis of market share, market reach, clientele, etc.
The U.S., Germany, China, Japan, and U.K. are driving most demand for gas insulated transmission lines.
The market for gas insulated transmission lines in Germany is projected to expand at over 5.5% CAGR through 2031.
The U.S., Germany, Japan, and Sweden are key gas insulated transmission line producing countries.
The global gas insulated transmission line market is currently valued at close to US$ 470 Mn.
Demand for gas insulated transmission lines is slated to expand at 4.5% CAGR to reach a market valuation of US$ 700 Mn by 2031.
The market for gas insulated transmission lines expanded at 3.6% CAGR from 2016 to 2020.
Large-scale distribution of clean energy and government initiatives to promote renewable energy are key trends being observed in this market.
Outstanding safety features and versatility paving the way for various applications across industries are factors that will drive continued demand for gas insulated transmission lines.
Top 5 players are Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB, and Hitachi ABB, who together account for over 68% market share, as per ratings on the basis of market share, market reach, clientele, etc.
The U.S., Germany, China, Japan, and U.K. are driving most demand for gas insulated transmission lines.
The market for gas insulated transmission lines in Germany is projected to expand at over 5.5% CAGR through 2031.
The U.S., Germany, Japan, and Sweden are key gas insulated transmission line producing countries.

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