What is GIS Substation?
A GIS substation is a high-voltage substation in which the main structures are enclosed in a sealed environment and the insulating medium is sulphur hexafluoride gas. Gas insulated switchgears (GISs) are used as substation and receiving equipment to ensure a safe and reliable electrical supply. Circuit breakers, disconnectors, earthing devices, and other electrical components are encased and kept in metal canisters that are filled with a high-insulation-performance gas. As a result, the equipment is small, dependable, and secure. For phase-to-phase and phase-to-ground insulation, a GIS Substation uses a better dielectric gas, SF6, at moderate pressure. Inside grounded metal enclosures, high voltage conductors, circuit breaker interrupters, switches, current transformers, and voltage transformers are immersed in SF6 gas.
The market study is broken down and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analysts at AMA Research estimates that Players from Global will contribute to the maximum growth of Global GIS Substation market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), GE Grid Solutions (United States), Siemens (Germany), Mitsubishi Electric (Japan), Toshiba (Japan), Fuji Electric (Japan), Hyundai (South Korea), Crompton Greaves (India), NHVS (United States) and Shandong Taikai (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Eaton (Ireland), Hyosung (South Korea) and Schneider Electric (France).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global GIS Substation market by Type, Application and Region.
On the basis of geography, the market of GIS Substation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. Indoor will boost the GIS Substation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-users, the sub-segment i.e. Power Transmission Utility will boost the GIS Substation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage Rating, the sub-segment i.e. Medium Voltage will boost the GIS Substation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2021, Toshiba announces strategic reorganization to separate into three standalone companies to enhance shareholder value- Infrastructure Service Co., Device Co and Toshiba. The separation will create two distinctive companies with unique business characteristics leading their respective industries in realizing carbon neutrality and infrastructure resilience (Infrastructure Service Co.), and supporting the evolution of social and IT infrastructure (Device Co.). The separation allows each business to significantly increase its focus and facilitate more agile decision-making and leaner cost structures. As such, both companies will be much better positioned to capitalize on their distinct market positions, priorities and growth drivers to deliver sustainable profitable growth and enhanced shareholder value.
Market Trend
- Introduction to new mobility technology
Market Drivers
- Growing use of GIS substations in power transmission
Opportunities
- Restriction for space availability
- Increase in energy demand
Restraints
- High cost as compared to other traditional power stations
Challenges
- Increasing high demand for electricity
Key Target Audience
GIS Substations Manufactures, GIS Substations Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.