Gas Insulated Transmission Line Market

Gas Insulated Transmission Line Market Study by Aboveground Installation, Tunnel Installation, Vertical Installation, and Direct Burial from 2024 to 2034

Analysis of Gas Insulated Transmission Line Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Gas Insulated Transmission Line Market Outlook (2024 to 2034)

The global gas insulated transmission line market size is estimated to attain at US$ 534.1 million in 2024. During the forecast period, 2024 to 2034, the market is projected to grow with a 4.6% CAGR by 2034, and is expected to reach a valuation of US$ 839.0 million.

Key Market Growth Drivers

  • A significant driver of the market is the transition towards ecologically friendly alternatives, which is being pushed by concerns regarding greenhouse gas emissions. By eliminating conventional insulating gases such as SF6 and reducing the environmental effect of gas-insulated transmission lines, innovations like Solid Insulated Systems (SIS) demonstrate a dedication to sustainable practices.
  • The increasing demand for compact and effective power transmission solutions in metropolitan areas is driving the gas-insulated transmission line market. Gas-insulated systems play an important role in the development of urban infrastructure owing to their capacity to handle high energy needs while requiring the least amount of physical space.
Report Attributes Details
Estimated Market Value (2024E) US$ 534.1 million
Forecast Market Value (2034F) US$ 839.0 million
Global Market Growth Rate (2024 to 2034) 4.6% CAGR
Water Jet Cutting Growth Rate (2024 to 2034) 6.4% CAGR
North America Market Share (2024) 39.5%
East Asia Market Share (2024) 36.5%
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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What Factors are Responsible for the Growth of the Global Gas Insulated Transmission Line Market?

“Rising focus on grid modernization initiative to boost market growth”

One major factor driving the gas-insulated transmission line market ahead is the increased focus on grid modernization programs. As governments and utilities attempt to upgrade traditional power grids, upgraded technologies like gas-insulated transmission line will be essential.

By enhancing the adaptability and robustness of contemporary grids, these technologies make it possible to integrate renewable energy sources. Gas-insulated transmission lines are being used for broader grid modernization initiatives. This is because of the emphasis on enhancing overall system efficiency and reliability, which is in line with the advantages provided by these lines.

“Global demand for reliable power transmission infrastructure to accelerate demand”

The market for gas-insulated transmission lines is primarily driven by the increase in urbanization and the escalating need for sustainable and reliable power transmission infrastructure. Gas-insulated transmission line provide an affordable and effective solution to the high energy demand found in urban settings.

These systems are perfect for densely populated areas considering their reduced footprint and improved performance, which solves limitations of space and guarantees a steady power supply to satisfy the rising urban energy demands.

What are the Major Restraints to the Growth of the Gas Insulated Transmission Line Market?

“Usage of sulfur hexafluoride to pose a serious threat to the market’s growth”

The gas-insulated transmission line market confronts significant difficulties especially due to environmental concerns. A significant danger of greenhouse gas emissions is associated with the use of sulfur hexafluoride (SF6) as an insulating gas, which contributes to climate change. Furthermore, SF6 has a lengthy atmospheric lifespan.

Growth in the market is also hampered by the high cost of maintenance and installation, as well as possible safety risks associated with handling and SF6 leaks. To overcome these obstacles and build a transmission system that is more ecologically friendly, the key companies in this global market are looking for various sustainable solutions.

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What are the Startups doing in the Global Gas Insulated Transmission Line Market?

“Startups are capitalizing on innovative technology like SIS technology to gain competitive edge”

Startups within the gas-insulated transmission line market are driving innovation, especially for solid insulated system (SIS) technology. These start-ups are developing novel solutions that replace conventional gasses like SF6 with solid dielectric materials. Gas leak risk is decreased, environmental effect is lessened, and safety is improved with SIS technology.

Furthermore, startups are emphasizing modular configurations and small design to increase the adaptability of gas-insulated transmission lines in a variety of situations. Through the provision of effective and sustainable alternatives for electricity transmission infrastructure, these initiatives aim to completely transform the sector.

Country-wise Insights

The gas insulated transmission line market is gaining immense traction in North America and East Asia. By 2024, North America's market share is predicted to rise to 39.5%. The market for gas insulated transmission lines in North America is driven by the need for advanced power infrastructure, robust grids, more integration of renewable energy, and compliance with strict environmental regulations.

In comparison, it is projected that by 2024, East Asia would reach a market share of 36.5%. The market for gas-insulated transmission lines in East Asia is being propelled by the region's increasing need for sophisticated power infrastructure, robust grids, rapid urbanization, and a strong emphasis on incorporating renewable energy sources.

What makes the United States a Potential Market for Gas Insulated Transmission Line?

“Demand for clean and renewable energy in the United States to propel demand.”

Attributes The United States
Market Value in 2024 US$ 151.3 million
CAGR from 2024 to 2034 4.6%
Projected Value in 2034 US$ 237.1 million

The market in the United States is expected to be valued at US$ 151.3 million in 2024, anticipated to gain a market share of 71.7% in 2024. The deployment of gas-insulated transmission line is driven by the need for dependable and efficient energy transmission as well as an increasing emphasis on modernizing traditional power infrastructure.

The market is also growing because of the growing integration of clean energy sources and the need for a more smart and resilient grid. Additionally, the need to minimize transmission losses and strict environmental restrictions are major inducers, which makes gas-insulated transmission lines an essential part of the changing energy landscape in the United States.

How will the Growth of the Gas Insulated Transmission Line Market Develop in China?

“The need for effective transmission solutions is driving the market in China.”

Attributes China
Market Value in 2024 US$ 110.9 million
CAGR from 2024 to 2034 5.3%
Projected Value in 2034 US$ 186.5 million

In 2024, the China market for gas insulated transmission lines is expected to be valued at US$ 110.9 million. The market is also projected to acquire a market share of 56.9% in the same year.

The increasing demand for dependable and effective power transmission infrastructure in China is driving the market for gas-insulated transmission lines. The rising emphasis on high-voltage along with extra-high-voltage transmission projects, and the need to decrease transmission losses and environmental effect, has spurred the use of gas-insulated transmission lines.

The market is growing as a result of government efforts, technical developments, and the need for more compact and space-efficient solutions. This helps to satisfy the country's growing energy needs and encourage sustainable development in the power sector.

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Category-wise Insights

Which Installation Method of Gas Insulated Transmission Line to Gain Traction?

“The above ground installation method for gas insulated transmission lines is likely to gain traction during the forecast period”

Attributes Details
Installation Method Value Share in 2024
Aboveground Installation 50.2%

The aboveground installation segment is estimated to hold 50.2% of the market share in 2024. During the forecast period, the segment is anticipated to garner a 4.5% CAGR.

With easily accessible components, aboveground installations provide easier maintenance and inspections. Aboveground installation also lessens the possibility of ground-related problems including soil contamination and moisture intrusion.

It also makes it easier to find possible leaks and reduces the negative effects that building has on the environment. Moreover, aboveground installation speeds up repairs and adjustments, increasing the gas-insulated transmission system's overall dependability and effectiveness.

Which is the Most Common Application for Gas Insulated Transmission Line Market?

“Gas insulated transmission lines are highly preferred for AC current”

Attributes Details
Application Value Share in 2024
AC current 50.2%

The AC current segment is likely to attain a market share of 50.2% in 2024. The AC current segment is also anticipated to garner a 4.5% CAGR during the forecast period.

Since they can lessen the difficulties related to high-voltage alternating current (AC), gas-insulated transmission lines are frequently utilized for AC electricity. Sulfur hexafluoride (SF6) is a common gas insulator that successfully suppresses corona discharge and lowers power losses.

Due to this, AC current can be transmitted over greater distances with less energy loss, which makes it appropriate for high- and extra-high-voltage applications. Furthermore, gas insulation offers compact designs that minimize the transmission system's total footprint, which benefits AC power transmission both technically as well as economically.

Competitive Landscape

In the global market for gas-insulated transmission lines, companies are using various strategies to pursue scalability. This involves making investments in research and development to advance technology, such creating designs that are more efficient and smaller. Modern insulating materials and eco-friendly substitutes are emphasized.

Companies are also forming alliances and working together in order to increase their market share and serve a variety of geographic areas. Their competitive advantage and scalability in the global market are further strengthened by their capacity to adjust to smart grid technology and meet the rising need for sustainable electricity transmission.

Some of the key developments in this market are:

  • In 2023, Siemens unveiled its investment plan, which includes €2 billion primarily for additional production capacity as well as innovation laboratories, education centers, and other own locations, with the goals of accelerating future growth, fostering innovation, and enhancing resilience. In order to service the expanding Southeast Asian markets, Siemens announced the opening of a new high-tech facility in Singapore.
  • In 2023, Larsen & Toubro granted Grid Solutions a contract to deliver 380 kV T155 gas-insulated substations (GIS) for the world's biggest utility-scale hydrogen plant, which will produce what is commonly referred to as "green hydrogen" using only renewable energy sources. The massive facility will be situated in Oxagon, the northwest Saudi Arabian smart metropolis that Neom has envisioned. By the end of 2026, the NEOM Green Hydrogen Company (NGHC) hopes to create up to 600 tons of carbon-free hydrogen per day at the facility using only wind and solar electricity.

Segmentation of Gas Insulated Transmission Line Market Research

  • By Installation Method:

    • Aboveground Installation
    • Tunnel Installation
    • Vertical Installation
    • Direct Burial
  • By Application:

    • DC Current
    • AC Current
  • By Region:

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

- FAQs -

What was the estimated value of the gas insulated transmission line market in 2019?

The global gas insulated transmission line market was valued at US$ 428.3 million in 2019.

What will be the outlook for gas insulated transmission line in 2024?

The global market for gas insulated transmission line is likely to be valued at US$ 534.1 million in 2024.

What is the market value for gas insulated transmission line in 2034?

Demand for gas insulated transmission line is projected to reach a market value of US$ 839.0 million by the end of 2034.

What is the adoption CAGR for gas insulated transmission line from 2024 to 2034?

Adoption of gas insulated transmission line is projected to develop at a CAGR of 4.6% through 2034.

At what rate is the market in North America predicted to rise?

The North America market for gas insulated transmission line is projected to garner a CAGR of 4.8% through 2034.

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