Gas-Insulated Substation Market 2018 New Report Size, Trends, Share, Growth Forecast By 2023

According to the new market research report "Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End-User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023", MarketsandMarkets: The gas-insulated substation market is projected to reach USD 29.5 billion by 2023 from USD 18.9 billion in 2018, at a CAGR of 9.2%.

The gas-insulated substation market is expected to register a CAGR of 9.3% from 2018 to 2023. The growth in this market is supported mainly by the growing renewable power generation, the increasing investments in the transmission & distribution infrastructure, the rising energy demand, and limitations of space availability in densely populated urban areas, and increasing government initiatives for improving the electricity access.

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The high voltage segment will continue to dominate the gas-insulated substation market, by voltage type, during the forecast period

The gas-insulated substation market is segmented, by voltage type, into medium, high, and extra high. The high voltage segment held the largest market share in 2018. This can be attributed to its reliability and protection for the grid infrastructure. High voltage gas-insulated substations are used widely for critical switchyard of large power generation plants. A majority of the gas-insulated substations connected to the high voltage transmission grid are of indoor types. The high voltage segment is also driven by the refurbishment of old power transmission infrastructure in the developed countries of Europe and North America.

The outdoor segment is growing at the fastest rate in the gas-insulated substation market

The gas-insulated substation market is segmented, by installation, into indoor and outdoor. The outdoor segment is expected to grow at the fastest rate during the forecast period. Outdoor gas-insulated substations provide reliable operations in high-voltage transmission and medium voltage and are preferred for transmission & distribution of electricity over a long distance. These gas-insulated substations are designed to be used in outdoor environments. The enclosure is constructed so that the apparatus can be protected from harsh environmental conditions, including possible contamination. Outdoor substations operate above 5 kV voltage range. Thus, with the increase in demand for electricity, that is, the increase in high load transmission is expected to drive the outdoor installation of gas-insulated substations.

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Asia Pacific will continue to dominate the gas-insulated substations market through 2023

The gas-insulated substation market has been analyzed with respect to six regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest gas-insulated substation market from 2018 to 2023, followed by the Middle East & Africa.

Factors such as increasing power consumption, rising influx of renewable sources in the energy mix, government mandates on energy efficiency, renovation, modernization, and upgrade of aging hydropower plants driving the gas-insulated substation industry in Asia Pacific. The extending generation connections in Asia Pacific is another major driver for expanding investments in the transmission & distribution network in this region.

The gas-insulated substation market consists of a few leading players such as ABB (Switzerland), L&T (India), Siemens (Germany), Hitachi (Japan), Toshiba Corporation (Japan), and General Electric (US) because of their broader product portfolio along with crucial developments in the market. These top players have a wide distribution and sales networks across the globe. The other players in the market include Hyosung (South Korea), BHEL (India), TBEA, Co. Ltd. (China), El Sewedy Electric, Crompton Greaves (India), and Mitsubishi Electric Corporation (Japan).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Rotary Uninterruptible Power Supply (UPS) Market Segmentation, Application, Technology, Analysis Research Report and Forecast to 2026

According to the new market research report "Rotary Uninterruptible Power Supply (UPS) Market by Power Rating (up to 1000 kVA, 1001-2000 kVA, 2001-2500 kVA, and Above 2500 kVA), Type (Diesel, Hybrid), Application, and Region(APAC, North America, Europe, MEA, South America ) - Global Forecast to 2026" The global rotary UPS market is projected to reach USD 0.8 billion by 2026 from an estimated USD 0.7 billion in 2021, at a CAGR of 4.9% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or rotary UPS market. The advantages of rotary UPS such as high efficiency, fewer space requirements, and low lifetime costs are expected to further drive the demand. Increasing data center investments are expected to be the single biggest contributing factor to the growth of rotary UPS market during forecast period.

Browse 128 market data Tables and 42 Figures spread through 169 Pages and in-depth TOC on "Rotary Uninterruptible Power Supply (UPS) Market - Global Forecast to 2026"

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Above 2500 kVA is expected to be the largest rotary UPS market segment by power rating

The market for rotary UPS of above 1800 rpm is expected to be the largest during the forecast period. Rotary UPS are inherently suitable for high power rating applications and are most economical at these power ratings. These large-rated power rotary UPS find applications in energy-intensive applications such as data centers, manufacturing industries, aerospace & defense, and healthcare & pharmaceuticals. With the increasing investments in large-scale data centers, especially in Asia Pacific and Europe, the demand for rotary UPS in this segment is expected to grow.

Datacenter segment is expected to capture the major share of the rotary UPS market by application

Datacenter segment by application is expected to be the largest segment during forecast period. The demand for data centers is continuously increasing, and the amount of energy consumed by them has also surged. This is due to the increased load of IT devices that are installed in these data centers. The continuity of power supply is critical for the effective functioning of IT loads in data centers and power outages in them are costly. Investments in large hyperscale data centers have increased significantly to meet the increasing data demand. These drivers are expected to play a key role in the growth of the rotary UPS market for data center applications.

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Asia Pacific is expected to be the fastest-growing segment of the global rotary UPS market

The rotary UPS market in Asia Pacific, led by China, is expected to grow. Increased investments in data centers, especially in China, Australia, Japan, and Singapore along with the thriving electronics & semiconductor sector in countries such as Korea, Japan, Malaysia, and Singapore are expected to drive the demand for rotary UPS.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Piller Power Systems (Germany), Hitec Holdings (Netherlands), Rolls Royce Holdings (UK), Hitzinger (Austria), and IEM Power Systems (US) along with other prominent manufacturers of rotary UPS.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Oil & Gas Sensors Market rising demand growth trend insights for next 5 years

The Oil & Gas Sensors market is expected to grow from USD 7.4 billion in 2018 to USD 9.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. The major factors driving the oil & gas sensors market include growing IoT in the oil & gas industry. IoT in the oil and gas industry helps in improving operational efficiency, revenue, real-time data, and decreasing safety risk, and environmental footprint.

The pressure sensors segment is expected to grow at the highest CAGR in the global oil & gas sensors market during the forecast period

The oil & gas sensors market has been segmented on the basis of sensors type into pressure sensors, flow sensors, level sensors, temperature sensors, and others. Among these types, pressure sensors is the fastest growing segment in the oil & gas sensors market as they provide accurate and reliable data to detect small changes in the pressure usually in the upstream and midstream processes.

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Wireless sensors are expected to grow at the highest CAGR in the global oil & gas sensors market during the forecast period

Wireless sensors in the oil & gas industry are installed in all upstream, midstream, and downstream processes. Wireless sensors have a growing demand as they eliminate cables, resulting in reduced installation and operating costs. Moreover, wireless sensors have a wide variety of applications in the oil & gas industry varying with different requirements and characteristics.

North America is expected to hold the largest market size in the oil & gas sensors market in the forecast period

North America is estimated to account for the largest share of the market in 2018. The region is considered the most advanced region in terms of technology adoption and infrastructure. The sensor market in the oil & gas industry would be mainly driven by the growth in unconventional resources in the US and Canada. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to positively impact the sensor market during the forecast period. All these factors are expected to drive the oil & gas sensor market in North America.

Key market players:

Major vendors in the oil & gas sensors market include Emerson (US), ABB (Switzerland), GE (US), Indutrade (Sweden), BD Sensors (Germany), Lord (US), MTS Sensors (US), Bosch (Germany), Rockwell (US), TE Connectivity (Switzerland), Fortive (US), and Siemens (Germany).

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Report Objectives:

1. To define, describe, and forecast the global oil & gas sensors market by type,  application, connectivity, sector, and region
2. To provide detailed information on the major factors influencing the growth of the oil & gas sensors market (drivers, restraints, opportunities, and industry-specific challenges)
3. To strategically analyze the oil & gas sensors market with respect to individual growth trends, prospects, and contribution of each segment to the market
4. To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
5. To forecast the growth of the oil & gas sensors market with respect to the major regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa)
6. To strategically profile key players and comprehensively analyze their market rankings and core competencies
7. To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the oil & gas sensors market

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com