Poised to surpass US$ 110 Mn by 2020, our expert analysis anticipates a grim outlook in near-term with the unabated trajectory of the COVID-19 pandemic. In the long-term forecast however the dielectric gases market will grow at a steady clip of 8%. Dielectric gases are prominent gases used in power utilities to protect equipment from sudden quenching of high voltages. Though high voltage applications capture a significant share in the market, utilization of dielectric gases in extra and ultra-high voltage applications are proliferating. Key stakeholders are leaning towards end-uses providing profitable opportunities for business growth. For instance, companies such as 3M is constantly leveraging its SF6 substitutes in the extra and ultra-high voltage applications.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=4805
Key Takeaways of Global Dielectric Gases Market Study
- The global dielectric gases market is anticipated to create a value opportunity of around US$ 100 Mn during the forecast period, adding 1.8X times more value as compared to 2020.
- Market consolidation is set to impact the dielectric gases market by the end of 2030, with high voltage applications accounting for around 50% of the market. The high voltage application is projected to grow at just over 8% CAGR, as most of the dielectric gases are used to quench high voltage in switch gears and transformers.
- The power utilities end-use segment is anticipated to lose around 130 BPS in the forecast period of 2020-2030.
- By end-use, the oil & gas industry is set to grow at a stellar 7% during the forecast period of 2020-2030 and is set to gain 90 BPS through 2030.’
- East Asia holds the leading share, accounting for more than 30% of the dielectric gases production to cater to the requisite demand from end-use industries across the globe.
- South Asia & Oceania and East Asian markets are set to grow at a faster pace, together accounting for around 60% demand share globally.
- Global dielectric gases market is observed to fluctuate in the 3rd quarter of 2020 owing to the COVID-19 pandemic and market outlook will remain grim till the last quarter of 2021.
“Reduced power consumption and cessation of transportation facilities owing to COVID-19 pandemic has downsized the demand of dielectric gases. This trend will continue till the first quarter of 2022,&rdquo says a Fact.MR analyst.
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4805
Dielectric gases Market Segmentation
Fact.MR has studied the dielectric gases market with detailed segmentation on the basis of gas type, application, end-use equipment, end-use industry, and key regions.
By Gas Type
- SF6
- Dry Air
- Fluoronitrile
- Nitrogen
- Fluoroketones
- Others
Application
- Medium Voltage
- High Voltage
- Extra & Ultra High Voltage
End-Use Equipment
- Switch Gears
- Transformers
- Gas Insulated Lines
End-use Industry
- Transportation
- Heavy Metals
- Oil & gas
- Mining
- Chemicals & Petrochemicals
- Power utilities
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
For in-depth competitive analysis, Buy Now – https://www.factmr.com/checkout/4805
Crucial insights in the Dielectric Gases Market research:
- Underlying macro- and microeconomic factors impacting the growth of the Dielectric Gases Market Basic overview of the ,Dielectric Gases Market including market definition, classification, and applications.
- Scrutinization of each Dielectric Gases Market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend of Dielectric Gases Market across various industries.
- Important regions and countries offering lucrative opportunities to Dielectric Gases Market stakeholders.
For More Insight https://xtalks.com/is-probiotic-soda-actually-healthy-and-which-companies-produce-it-3163/
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com