The global di-electric gases market is worth US$ 135.2 Billion as of now and expected to reach US$ 272.3 Billion by the year 2033 at a CAGR of 7.2% between 2023 and 2033.
Di-Electric gases are asked for as they help in reduction of weight as well as size of high-voltage transmission units. The other factors facilitating di-electric gases market’s growth include growing installations on the part of gas-insulated switchgear along with gas-based transmission being adopted.
The construction vertical is witnessing expansion due to growing commercial and residential sectors. This demand is likely to substantiate for the applications in medium voltage substations due to growing establishments of HVAC units, telecom infrastructure, and IT.
SF6 type is a greenhouse gas and also an eco-friendly variant. The NIOSH (National Institute for Occupational Safety and Health) have also come up with warnings with regards to forming toxic compounds from SF6 gas’ electrical discharge.
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Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘De-electric Gases Market’. It has its team of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.
“With safe di-electric gases being preferred over high-risk oil, the global di-electric gases market is expected to grow on a good note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Di-Electric Gases Market
- North America holds the largest market share with the US being subject to more usage of di-electric gases in electric insulators in the applications requiring higher voltage like switchgear, transformers, circuit breakers, and gas insulated lines.
- Europe holds the second-largest market share with an ever-increasing demand for SF6 in Germany. SF^-insulated equipment are inclusive of GIT (gas-insulated transformers), GIL (gas-insulated lines), GCB (gas-insulated circuit breakers), C-GIS (cubicle-type gas-insulated switchgear).
- The Asia-Pacific is expected to grow in di-electric gases market on the back of Japan, India, and China. In Japan, 15 petrochemical complexes were constructed in the last few years. This trend of continuous increase in demand for processed chemical products has resulted in new entrants coming through. In India, the growth is expected to happen with power utilities asking for di-electric gases. China is witnessing an influx of electrical generators.
Competitive Di-electric Gases
- Schneider Electric is known for providing energy technologies, controls, end-point to cloud connecting products, services, and software. In March 2022, it entered into collaboration with Enedia for launching an advanced version of MV/LV substation equipment that makes use of an eco-friendly alternative to the SF6gas. This variant is witnessing tremendous demand as it caters to high-voltage electrical distribution.
- Elsewedy Electric, in May 2022, tabled the very first busway di-electric system facility in Africa. It is abreast with features like high preventive security standards due to load distribution, short circuits, and lower magnetic field.
- Husqvarna, in February 2021, came up with 525 DEPS MADSAW or Minimal Approach Distances – a novel pole saw.
- GE, 3M, and ABB, in April 2021, entered into collaboration with one another for introducing a high-potential alternative to SF6 technology; along with technology exchange to add value to landscape worldwide.
- Linde India, in August 2021, inked a business transfer agreement with HPS Gases with the objective of acquiring the entire business of packaged gases along with a few distribution assets for an aggregate cash consideration of US$ 3.5 Million.
- Solvay, in the year 2021, did bag SPE Automotive Award for ‘Slot Insulation Liner EV Innovation’.
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Key Players:
- The 3M Company
- Solvay S.A.
- General Electric
- The Linde Group
- KPL International Limited
- Matheson Tri-Gas, Inc.
- Kanto Denka Kogyo Co., Ltd.
- Showa Denko K.K.
- ABB Inc.
- Messer Group GmbH
What does the Report gauge?
- The research study is based on gas type (SF6 di-electric gases, dry air di-electric gases, nitrogen di-electric gases, FN (Fluoronitrile) di-electric gases, FK (Fluoroketones) di-electric gases, and likewise), end-use equipment (switchgear, transformers, and gas insulated lines), application (medium voltage, high voltage, and extra & ultra high voltage), and end-use industry (power utilities, oil & gas, chemicals & petrochemicals, heavy metals, mining, transportation, and likewise).
- With heavy metals, chemicals & petrochemicals, mining, transportation verticals asking for di-electric gases, the di-electric gases market is likely to grow on a grand note in the forecast period.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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