According to the latest research report on the International Market Research Institute Markets and Markets, the 2020 global gas insulation switch market demand is expected to reach $ 16.9 billion. By 2025, with the increase of electricity demand, this data is expected to increase to $ 26.5 billion, and the annual compound growth rate is 9.5%.
The SF6 segment is expected to constitute the main share of the gas insulated switch equipment market. The gas insulated switching device uses the hexafluoride of the hydraulide (also referred to as SF6) to perform phase and relative insulation under medium pressure. High voltage conductors, interruptors, circuit breakers, switches, voltage transformers, and current transformers are located in SF6 within the metal housing. Global power demand is expected to promote the needs of gas insulation switching equipment, such as distribution equipment, transmission equipment and power generation equipment.
However, due to COVID-19, the negative growth rate of US manufacturing in the first quarter is -2.45%, while China is -3.25%. India, Japan and European manufacturing sectors have increased by 3.98%, 2.77% and -2.89%.
According to end users, the utility transmission area is expected to become the most important gas insulation switch equipment market in the prediction period. Due to global power production and consumption, the field of transmission has the largest share in the gas insulated switch equipment market. The growing demand for power will need to extend the transmission system, thereby enhancing the need for electrical components such as gas insulation switching equipment. However, due to the blockade of COVID-19, the utility is stagnant, which has caused losses to the company. This has a negative impact on the growth of the gas insulated switch equipment market.
According to the insulation type, the SF6 submarine is expected to have the largest market share during the prediction period. SF6 filled gas insulated switch equipment superior to space-limited air insulated switchgear, because air insulated switching equipment requires a few meters of air as an insulating medium to complete SF6 filled switch equipment within centimeter. Therefore, the gas insulated switching device filled with SF6 can be 10 times higher than the air insulated switching device. Most of the existing and new types of gas insulated switch devices use SF6 gas as a dielectric. Therefore, due to the spatial limit of urban areas, the demand for gas insulation switching equipment is expected to grow.
During the predictive period, it is expected that the Asia-Pacific region will lead the global gas insulation switch equipment market. The rapid growth of electricity demand, the improvement of power generation capacity in developing countries such as India and China, and the growth of industry and business sectors will result in an increase in the number of substations. The increase in the number of substations will promote the demand for gas insulation switching equipment in the Asia-Pacific region.
However, in the past two months, COVID-19 has a negative impact on the global power industry. The power demand curve has appeared new shapes, mainly in countries where Covid-19 has more affected countries. The decrease in electricity demand is due to the blockade of the country to inhibit viral propagation. This will have a negative impact on the growth of the gas insulated switch equipment market in a quite a long period of time.
From a supplier, ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton Electric (Ireland) and General Electric (US) will become a world leading air insulation switch equipment manufacturer in the prediction period.
Editor in charge: GT, read full text
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