Electricity transmission and distribution sector will drive demand for gas-insulated transmission lines through 2031

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NEW YORK, September 22, 2021 / PRNewswire / – According to the latest analysis from Persistence Market Research, the global gas-insulated transmission line market should be valued at around US $ 469.5 million in 2021, and grow at a healthy 4.5% CAGR during the forecast period 2021-2031. Rapid urbanization, increased spending in the power generation sector, and infrastructure development are expected to boost sales of gas-insulated transmission lines in the coming years.

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Collaborations, acquisitions and mergers are very common in this competitive landscape.

  • In 2017, ABB Power Grids partnered with State Grid Corporation of China (SGCC) to construct the first 1,000 kilovolt (kV) gas-insulated line of this type (gas-insulated transmission line) laid in the Sutong tunnel to transmit clean energy from west to east from China.

  • In 2015, GE finalized the acquisition of Alstom Power and Grid Business, aimed at increasing its presence in the gas-insulated transmission lines market through Europe.

Construction project implementation rates, production rates linked to manufacturing production and supply chain networks have been disrupted due to the ongoing COVID-19 outbreak. Although sales of gas-insulated transmission lines fell at the start of the pandemic, the market is expected to rebound dramatically in the years to come.

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Key points of the market research

  • Above ground installation of a gas insulated transmission line will dominate the landscape. The segment will account for approximately 50% of the shares at a growth rate of 4.4% CAGR through 2031.

  • Tier I manufacturers focus on R&D in the field of insulated gas and DC insulated transmission lines.

  • In terms of end-use, electricity transmission and distribution accounted for a significant 48% share in 2020 and is expected to increase to 4.7% CAGR through 2031.

  • By application, AC transmission lines will dominate the market with a growth rate of 4.5%. The intensive use of alternating current in the power transmission sector and various end industries will drive the expansion of the segment.

  • ASEAN, Japan, and the UK are picking up the pace in the gas-insulated transmission line industry, due to strong prospects for various end-use industries in these regions.

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Europe and South East Asia are supposed to maintain their dominance. Prices for gas-insulated transmission lines are expected to decline over the next 7-8 years, ”said a Persistence Market Research analyst.

Competitive landscape

The gas-insulated transmission lines market is identified as being significantly consolidated. Some of the major market players are Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB, Hitachi ABB, LS Cable & System Ltd. and Beta Engineering.

These players hold larger shares in the global market and have long-standing relationships with a number of end-users for the supply of gas-insulated transmission lines.

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Find more valuable information

The research report analyzes the demand for gas insulated transmission lines. The global market has been analyzed with the impact of COVID-19, various macroeconomic factors, market trends and market background.

According to the scope of the Persistence Market research, the market has been analyzed on the basis of rated voltage, application, installation method, end-user, and region. The report provides qualitative and quantitative insights into the various players in this market. This report also tracks the market from the supply and demand side.

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