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Gas Insulated Transmission Line Market

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

Global Gas Insulated Transmission Line by 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)

Gas Insulated Transmission Line Snapshot

[256 Pages] Persistence Market Research projects that by 2023, Gas Insulated Transmission Line would generate value of roughly US$ 510.8 million. The rise of gas insulated transmission lines is being influenced favourably by expanding construction projects, increasing demand for power plants, the oil and gas industry, the transportation industry, and IT & Telecommunications. The global market for Gas Insulated Transmission Line is expected to create an incremental opportunity of about US$ 290.1 Mn during 2023-2033, growing at a CAGR of 4.6% between 2023 and 2033.

Gas-insulated transmission lines have their extensive applications with special requirements at spaces with limited areas, high altitude places, and power stations. The gas insulated transmission lines provide energy transfer for large distances with limited impact on the environment and saves the land for other purposes. With the increasing development of power transmission projects across developing nations is further spurring the growth of the transmission lines. AC Current gas Insulated Transmission Line is expected to hold a prominent share of the global market.

Attributes Key Insights

Global Gas Insulated Transmission Line Size (2022A)

US$ 489.2 Mn

Global Gas Insulated Transmission Line Size (2023E)

US$ 510.8 Mn

Projected Gas Insulated Transmission Line Value (2033F)

US$ 800.9 Mn

Value CAGR (2023-2033)

4.6%

Collective Value Share: Top 3 Countries (2022)

28.9%

Due to the large increase in substation connections, it is predicted that the demand for Gas Insulated Transmission Line would increase at a healthy rate over the projection period. The market is expected to continue to develop as a result of rising expenditures in power transmission and distribution (T&D) infrastructure, the implementation of government initiatives to increase the availability of clean energy, and a growing emphasis on renewable power generation.

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Analysis of Gas Insulated Transmission Line Outlook for 2022 to 2033

The efficient utilization of gas insulated transmission lines serving as an energy-efficient medium of power transmission is the growing need for medium voltage in industrial settings and low voltage transmission in commercial structures. The market grew at a value CAGR of about 2.6% during the historic period 2017-2022. However, it is anticipated that by the end of 2033, the market for Gas Insulated Transmission Line will be worth roughly US$ 800.9 Mn, growing at a CAGR of 4.6%. Due to the growing technical and financial benefits associated with the installation of gas-insulated transmission lines-which include taking up less space and having better lifetime operating performance to transmit the same amount of power as other medium-demand from greenfield and brownfield field projects has increased.

Owing to several factors, the demand for the market is expected to grow at a CAGR of about 4.5% during the first half of the forecast period and 4.7% in the second half of the forecast period. The growing population and economic growth in various countries, which has directly impacted the growth of various manufacturing, energy and construction industries. This will directly have an impact on the growth of gas insulated transmission market as they are widely used across power plants, substations, and other industries which is expected to create opportunity of about US$ 290.1 Mn during the projected period.

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What elements are promoting the development of of Gas Insulated Transmission Line?

“Demand for Safe energy transmission solutions across industries to spur the market growth ”

The key reasons boosting the gas insulated transmission line market over the projection period are their high transmission capacity, outstanding electromagnetic capabilities, high safety precautions, reduced losses, and flexible alternatives. In terms of operating safety and technical requirements compared to other transmission lines, gas insulated transmission line stand up to their reputation. They are not susceptible to risks that are present in other power transmission networks by nature. Due to the fact that they are firmly grounded, they are incredibly safe, fireproof, and explosion proof.

With conventional power transmission networks, for example, electromagnetic fluxes are 15 to 20 times larger than with gas insulated transmission line(GIL) construction. Electromagnetic fluxes, for instance, are 15 to 20 times bigger with conventional power transmission networks than with GIL design.

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What are the key trends in the Gas Insulated Transmission Line market?

“Rising demand for large scale distribution of energy”

Countries like China are implementing carbon footprint-reducing technologies to cut their coal use and transition to clean energy. UHV transmission systems, which can be utilized to carry enormous amounts of electricity across long distances and with fewer energy losses throughout large geographic areas of China, have been installed as a result of growing knowledge of this.

The gas-insulated transmission lines were developed in response to the demand for more solutions in future transmission networks, which is what is causing the product's market to increase for large-scale energy distribution and opening up new opportunities for applications. Due to the advantage of modest magnetic fields in keeping residential areas, airports, hospitals, or all types of sensitive electronics undisturbed, this qualifies them for entirely novel routing through public places.

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What factors are expected to create opportunities for Gas Insulated Transmission Line market?

“Traffic Tunnels to create market opportunities during the forecast period ”

Due to the fact that gas insulated transmission line can be installed in roadways or train tunnels. They can be put in a separate tunnel that serves as an emergency exit or fixed on a tunnel roof on steel buildings with a very long fix point distances of 30 to 40 metres. The transmission lines can be routed through a variety of configurations because they have a solid metallic enclosure and do not burn or explode. Some examples include traffic tunnels with cars and a transmission line mounted on the tunnel's top, a double railroad tunnel system with a separate transmission line tunnel, and a double-track railroad tunnel.

Country-wise Analysis

Which countries provide lucrative markets for gas insulated transmission line in the global region?

“China to grow with a CAGR of about 5.4% during the forecast period”

Gas insulated transmission lines have seen a substantial growth in sales recently as a result of increased industrialization and better urban development systems in China. Furthermore, China leads the hydropower sector with an installed capacity of 340 GW, according to the International Renewable Energy Agency. As a result, the country's hydropower sector has recently seen a considerable increase in demand for gas-insulated transmission lines.

Which region holds prominent share in the global gas-insulated transmission line market?

“Europe to account for about 27.6% in the estimated year 2022”

According to Persistence Market Research, Europe will remain one of the most enticing region for the market of gas-insulated transmission lines. More than 600 million euros have been contributed by European nations to green energy infrastructure, which is also anticipated to spur the expansion of gas-insulated transmission lines. Rising cross-border smart grid electricity project demand will increase the need for gas-insulated transmission lines.

Category-wise Insights

Which Application dominates the global market for Gas Insulated Transmission Line?

“AC Current Gas Insulated Transmission Lines to account for 65.2% market share in the global market”

It is expected that AC-based gas insulated transmission lines will continue to be widely used in a variety of end-use sectors in the future. However, affluent nations like Europe, North America, and some parts of Asia have also seen a considerable increase in demand for AC high voltage transmission lines. As a result, it is also projected that throughout the forecast period, this segment's share would grow. In power plants or substations, the majority of gas-insulated transmission line networks are built above ground on steel buildings. They are frequently used in substations to connect other high voltage cables.

What End User will boost the demand for Gas Insulated Transmission Line market?

“Power transmission & Distribution to spur the market demand for gas-insulated transmission line market”

In the estimated year of 2022, the power transmission & distribution sector will represent roughly 48.3% of total value. The primary driver of growth in this market for gas insulated transmission lines has been the rise in energy demand. Power transmission and distribution activities are likely to see an increase in investment due to rising electricity demand across all geographies. Additionally, during the anticipated period, increasing initiatives and investments in grid-related power transmission solutions are anticipated to attract prospects.

Competitive Landscape

Gas insulated transmission line is expected to be highly consolidated in nature with a few players present in the market. Key players in the market are strategically expanding their market presence through collaborations and partnerships with domestic and international end users. Furthermore, the launch of safe products with high durability, and limited carbon-footprint in the market is anticipated to boost market growth across geographies. Prominent companies are concentrating on significant investment in research and development activities to provide cost effective solutions.

Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB group, and Hitachi are a few of the well-known companies in the international market and major manufacturers who are preparing to establish their own market positions and are keen to preserve their unique identities. Some of the key developments are:

  • In June 2021, Hitachi ABB Power Grids launched a global network of Collaborative Operations Centers and Grid Automation Shield program
  • In 2021, LS C&S announced that they will be establishing a joint power cable subsidiary in Egypt, its first production subsidiary in Africa.

Gas Insulated Transmission Line Industry Report Scope

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • US$ Mn for Value
  • meters for volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • By Product Type
  • By Installation Method
  • By Application
  • By End User
  • By 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

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Key Segments Covered in Gas Insulated Transmission Line Industry Research

By 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

By 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

By 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

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

- Companies Covered in This Report -

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

- Frequently Asked Questions -

The Global Gas Insulated Transmission Line is estimated to be valued at over US$ 510.8 Mn as of 2023.

Gas Insulated Transmission Line are projected to increase at 4.6% CAGR and is expected to be valued at around US$ 800.9 Mn by 2033 end.

Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB group, and Hitachi  are some of the leading players in the overall market.

Europe region to be the lucrative market for Gas Insulated Transmission Line over the forecast period 2023-2033.

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