Dielectric Gases Market

Dielectric Gases Market: Increasing Penetration of Gas Insulated Transmission Units to Support Growth: Global Industry Analysis 2013 - 2017 & Opportunity Assessment 2018 - 2028

  • 2019-01-16
  • REP-GB-8514
  • 181 Figures
  • 245 pages
  • PDF PPT EXCEL
 Dielectric Gases Market

An Incisive, In-depth Analysis on the Dielectric Gases Market

This study offers a comprehensive, 360 degree analysis on the Dielectric Gases market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Dielectric Gases market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The study covers broad information about market dynamics, value (US$ Mn) and volume (Tons) projections, competition landscape and key developments regarding the dielectric gases for the forecast period 2018 - 2028.

The global dielectric gases market is projected to attain a value of US$ 214.6 Mn by the end of 2028. The global market for dielectric gases is anticipated to grow at a healthy CAGR of 7.9% between 2018 and 2028. Growing adoption of dielectric gases owing to their superior dielectric properties and the fact that they reduce the risk of fire, which is higher in case of oil-based transmission units, will drive market growth. Moreover, weight reduction and size reduction of transmission units can also be attained by using dielectric gases as an insulating medium in products. Therefore, the overall dielectric gases market is projected to witness healthy growth during the projected time period.

Fluoronitriles & Fluoroketones to Emerge as Best Possible Alternatives for SF6

On the basis of gas type, the global dielectric gases market has been segmented into SF6, Dry air, Nitrogen, Fluoronitriles, Fluoroketones and other gases. Among all these segments, SF6 holds dominant share in the global dielectric gases market. The superior dielectric properties of SF6 is the only reason for the dominant share of SF6 gas in the market. Moreover, SF6 is one of the major greenhouse gases with global worming potential of 23500 and atmospheric life time of 3200 years. Owing to this property of SF6, the fluoronitriles and fluoroketones segments are projected to gain significant popularity in future. These gases have similar properties and very low global worming potential. Hence, in the global dielectric gases market, fluoronitries and fluoroketones will emerge as best possible alternatives for SF6 during the projected period.

Development of SF6 Technology Alternatives Should Be the Prime Focus of Dielectric Gases Market Players

In the global market for dielectric gases, various players are engaged in the manufacturing of existing products, such as SF6, dry air, nitrogen and others, and others are engaged in the development of alternatives of the current technology i.e. SF6. SF6 plays a major role in the dielectric gases market and is also one of the major greenhouse gases. Hence, in order to replace the SF6 technology, alternative products must be developed. Currently, only 3M has developed an alternative technology, but the technology has not been commercialized yet. Therefore, there exists a golden opportunity for the new players to develop alternative technologies and thus, create their own place in the global dielectric gases market.

Growing Demand for High Voltage Devices to Push Demand for Dielectric Gases

With rapid urbanization and industrial development in countries, such as India, China etc., significant growth in power transmission and distribution sector is being witnessed, which in turn, has led to growing demand for electricity transmission infrastructure to enable safe and reliable distribution of power. With growing technological advancements, a number of new electrical generators have been manufactured. Operational changes in power transmission and distribution which focus on energy-efficient power transmission have led to high demand for high voltage devices. This has been driving the demand for dielectric gases due to growing penetration of gas-based transmission units across the globe. Hence, urbanization and industrial development will have a positive impact on the overall growth of the dielectric gases market across the globe.

Competitive Landscape: Manufacturers are Engaged in Product Development by Technology Exchange & Collaborations

Development and commercialization of alternative technologies of SF6 has become a trend in the global market. Many alternative technologies for Dielectric Gases, such as vacuum and solid epoxy filled products, are also available in the market. These products have become commercialized only for medium voltage application products. For high voltage application products, only 3M has developed an alternative by collaborating with GE and ABB.

  • The collaboration of 3M with GE & ABB led to the development of g3 & AirPlus insulation gases which are manufactured using 3M’s Novec™ 4710 and Novec™ 5110

Moreover, the dielectric gases market is consolidated and mainly dominated by the manufacturers of SF6 since SF6 is one of the leading dielectric gases and holds majority share in the global dielectric gases market. The dielectric gases market is currently concentrated with SF6 manufacturers and is expected to become fragmented due to growing demand for alternatives of SF6.

Some of the key players covered under this study are 3M Company, Solvay S.A., The Linde Group, Messer Group, General Electric Company, ABB Inc., SHOWA DENKO K.K., KPL International Limited, Matheson Tri-Gas, Inc. and Kanto Denka Kogyo Co., Ltd., among others.

Key Questions Answered

  • How has the dielectric gases market evolved in the past few years?

  • How is the dielectric gases market expected to grow, both in terms of value and volume, during the forecast period?

  • What are the key market dynamics in the global dielectric gases market?

  • What are the important developments in the global dielectric gases market?

  • How are the underlying macro-economic and industry factors impacting the overall growth of the dielectric gases market?

  • What are the key opportunities and challenges for dielectric gases market players?

  • What are the market positioning and key strategies of manufacturers as per the dielectric gases market taxonomy?

  • How is the competition structured in the dielectric gases market at present and how has it evolved over the past few years?

Dielectric Gases Market: Report Description

This FMI study offers a detailed ten-year analysis and opportunity assessment for the global dielectric gases market for the period between 2018 and 2028. For this study, we have considered 2017 as the base year while market numbers have been estimated for 2018 and projections have been made for the period 2018 to 2028. The CAGR (Compound Average Growth Rate), in terms of both volume & value, has been represented from 2018 to 2028. In this study on the dielectric gases market, various perspectives such as market dynamics, competition analysis, pricing and value chain analysis, regional & segmental growth, macro-economic & industry growth analysis and segment-level projections have been discussed in a comprehensive manner.

After a detailed study of the global dielectric gases market and analysis of the perspectives of industry participants, it has been concluded that the global dielectric gases market is expected to grow at a value CAGR of 7.9% during the forecast period. The increasing penetration of dielectric gases for the insulation in high voltage transmission units such as transformers around the globe is expected to drive the demand for dielectric gases in the future. The growing penetration of dielectric gases in the global market can also be attributed to their higher advantages when compared with other insulation media. Moreover, dielectric gases act as reliable insulating media with a lower risk of fire and also enhance the overall life of the transmission units. 

This report on the dielectric gases market analyses the market at a regional and global level through various segments on the basis of key parameters such as gas type, end use equipment, application, end use industry and region. The main objective of this report is to provide key insights regarding ongoing trends, competition positioning, growth rate, market potential and other such relevant information & statistics in an appropriate manner to the buyers or various stakeholders in the global dielectric gases market.

In this report on the global dielectric gases market, all the sections have been structured in a systematic way to allow the readers to develop a detailed understanding of the global dielectric gases market. This report on the dielectric gases market begins with the executive summary of the report, which is followed by market introduction, market dynamics, market background and market analysis by key segments at a global level. Further, regional analysis and competition landscape have also been included under the scope of the report. Each section covers qualitative and quantitative assessment of the dielectric gases market on the basis of current developments, historical developments, trends and key opinions gathered through primary interviews with industry participants.

Dielectric Gases Market: Segmentation

Gas Type

End Use Equipment

Application

End Use Industry

Regions

  • SF6

  • Dry Air

  • Nitrogen

  • Fluoronitrile (FN)

  • Fluoroketone (FK)

  • Others

  •   Switchgear

  •   Transformers

  •   Gas Insulated Lines

  • Medium Voltage

  • High Voltage

  • Extra & Ultra High Voltage

  •   Power Utilities

  •   Oil & Gas

  •   Chemicals & Petrochemicals

  •   Heavy Metals

  •   Mining

  •   Transportation

  •   Other Industrial

  • North America

  • Latin America

  • Europe

  • Asia Pacific ex. Japan & China

  • Middle East & Africa

  • China

  • Japan

The dielectric gases market report begins with the executive summary, in which a detailed overview of the whole market has been presented. In the next section, the report provides a market introduction and market definitions along with taxonomy. In the next section of the report, important market background information, such as macro-economic & forecast factors, industry factors, pricing analysis, value chain and a detailed assessment of the sales of dielectric gases for the base year, has been considered for the study.

In the next section, market dynamics such as drivers, restraints and trends have been studied and their impact on the overall market at a global level has been discussed in detail. Additionally, opportunities for dielectric gases manufacturers have also been analysed in the subsequent section.

In the following sections of the report, market volume (Tons) and value (US$ Mn) projections for the aforementioned segments, followed by the summarised view of the seven prominent regions at a global level, have been included for the dielectric gases market.

In order to provide an accurate forecast, we started by calculating the current market size, which provides us a basis of how the market for dielectric gases is expected to grow in the future. To get a better understanding of the characteristics of the dielectric gases market, we triangulated the outcomes of three different types of analysis: primary, secondary and FMI analysis.

As previously stated, the global dielectric gases market has been split into five segments. These segments, on the basis of gas type, end use equipment, application, end use industry and region, have been analysed on the basis of BPS (Basis Point Share) to understand the relative contribution of the individual segments to the growth of the overall dielectric gases market. This information is important for the identification of various trends in the global dielectric gases market.  

In the last section of the dielectric gases market report, a competition landscape of the dielectric gases market has been included to provide a dashboard view  to the report audiences, categorised on the basis of players present in the value chain, their global presence in the dielectric gases market and other differentiating factors and strategies. The primary providers covered under the scope are the producers or manufacturers of dielectric gases. In addition to this, the section is mainly designed to provide a detailed comparative assessment of the key manufacturers of dielectric gases and their place in the value chain of the dielectric gases market.

In our study, we have also included detailed company profiles of players involved in the manufacturing of dielectric gases to evaluate their long- & short-term strategies, recent developments and key offerings. Some of the key players covered in the dielectric gases market report include 3M Company, Solvay S.A., The Linde Group, Messer Group, General Electric Company, ABB Inc., SHOWA DENKO K.K., KPL International Limited, Matheson Tri-Gas, Inc. and Kanto Denka Kogyo Co., Ltd., among others.

Dielectric Gases Market Reports - Table of Contents

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