The Di-electric Gases industry is predicted to increase at a 7.2% CAGR from US$ 135.2 billion in 2023 to US$ 272.3 billion in 2033.
The advantages of dielectric gases over high-risk oils are expected to drive the global market forward. Gears, transformers, gas-insulated lines, and high-voltage transmission units are among the applications for the material. It can also contribute to the reduction of the size and weight of high-voltage transmission units. The market is on a strong development trajectory as global energy consumption rises.
Rising Application Across Industries Drives Market Growth
The expansion of the construction industry, led by the residential and commercial sectors, is likely to enhance market growth. Because of its high energy consumption, the sector is a prospective market for di-electric gases.
Furthermore, due to an increase in IT, telecom infrastructure, and HVAC unit setups, the product is projected to find application in medium voltage substations. It also has important applications in insulation.
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Key Takeaways from the Report:
- The di-electric gases market recorded a CAGR of 5.9% between 2017 and 2022.
- In China, the market is expected to grow at a CAGR of 8.2%, to reach a valuation of US$ 61.4 Bn by 2033.
- The US market is projected to grow at a CAGR of 5.9% to reach a market value of US$ 27.9 Bn by 2033.
- The market in Japan is expected to register a promising CAGR of 4.0%, growing by US$ 2.5 Bn between 2023 and 2033.
- By top application, the high voltage segment is expected to grow at a CAGR of 7.4% during the forecast period
Important Market Developments:
- In March 2022, Enedis and Schneider Electric collaborated to launch an advanced MV/LV substation equipment. This equipment uses an eco-friendly alternative to SF6gas. This new gas variant is highly in demand due to its application in high-voltage electrical distribution.
- In May 2022, Elsewedy Electric launched the first-ever busway dielectric system facility in Africa. It has features such as high preventive security standards, owing to short circuits, load distribution, and a lower magnetic field.
- In February 2021, Husqvarna launched a new pole saw, 525 DEPS MADSAW, or Minimal Approach Distances
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
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Startups & Key Players Keen on innovations
The industry players are primarily focused on developing eco-friendly alternatives. This has carved out a lucrative space for startups to experiment. New market players can lure consumers through the introduction of eco-friendly products. This is also expected to make up for the lost SF6 market during the forecast period.
Key Segmentation
Gas Type:
- SF6 Di-Electric Gases
- Dry Air Di-Electric Gases
- Nitrogen Di-Electric Gases
- Fluoronitrile (FN) Di-Electric Gases
- Fluroketones (FK) Di-Electric Gases
- Others
By End Use Equipment:
- Switchgear
- Transformers
- Gas Insulated Lines
Application:
- Medium Voltage
- High Voltage
- Extra & Ultra High Voltage
By End Use Industry:
- Power Utilities
- Oil & Gas
- Chemicals & Petrochemicals
- Heavy Metals
- Mining
- Transportation
- Other Industrial
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