Di-Electric Gases Market Size, Share, Industry Analysis, Trends, Growth, Forecast 2030

Di-electric Gases Industry Prospective:

The global di-electric gases market size was worth around USD 180.78 Billion in 2022 and is predicted to grow to around USD 318.36 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.33% between 2023 and 2030.

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The report analyzes the global di-electric gases market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the di-electric gases industry. 

Global Di-electric Gases Market: Overview

Di-electric gas also known as insulating gas present in the gaseous state that can prevent electrical discharge. Dielectric materials are pure and basic electrical insulators and by applying a sensible electrical field, dielectric gases can be polarized. Sulphur hexafluoride (SF6), and dry air are some of the examples of gaseous dielectric materials. In high-voltage applications, dielectric gases are used as insulators such as gas-insulated switchgear, gas circuit breakers, gas-insulated transmission lines, and other power equipment.

Global Di-electric Gases Market: Growth Factors

The global di-electric gases market is growing at a healthy rate. Some of the predominant factors that are spurring the growth of the global market are an increase in demand for gas-insulated transmission lines, a rise in high-energy transportation operations, and rapidly expanding power industries. Sulfur hexafluoride (SF6) is a strong electronegative gas both at room temperature and at temperatures well above ambient, which principally accounts for its decent arc-interruption and extraordinary dielectric strength properties. As compared to air at atmospheric pressure, the breakdown voltage of SF6 is approximately three times greater.

Further, due to heat transfer properties, it has fast self-healing and recovery properties as it can reform itself when separated under high gas-pressure conditions in an arc or electric discharge. Thus, it is widely used by the electric power industry as it reveals numerous properties that make it appropriate for apparatus utilized in the distribution and transmission of electric power. This is majorly contributing to the growth of the global di-electric gases market. Moreover, the growing adoption of di-electric gases in petrochemicals as well as the chemical industry is also fuelling the growth of the global market.

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On the other hand, the growing risk of using SF6 as it is a potent greenhouse gas with a huge potential of contributing to global warming may hamper the growth of the global di-electric gases market. However, the technological advancements and huge investments in R&D activities for SF6 technology alternatives to minimize the greenhouse effect may create numerous opportunities for the growth of the global di-electric gases market over the forecast period.

The Covid-19 pandemic hurts the global di-electric gases market. During the crisis period across the world, a huge reduction in commercial and industrial activities is been witnessed due to the strict lockdown and restrictions on movement. This resulted in a decline in electricity demand, ultimately affecting the use of di-electric gases in high-voltage applications. However, with the ease of the restrictions, the market may gain traction in the upcoming years.

Global Di-electric Gases Market: Report Scope

Global Di-electric Gases Market: Segmentation

The global di-electric gases market is categorized based on end-use equipment, gas type, application, end-user, and region. Based on the end-use equipment, the global di-electric gases market is fragmented into gas-insulated lines, transformers, and switchgear. The application segment is bifurcated into extra & ultra high voltage, high voltage, and medium voltage. Based on the end-user, the global market is split into transportation, mining, heavy metals, chemicals & petrochemicals, oil & gas, power utilities, and others.

Global Di-electric Gases Market: Regional Analysis

Among the regions, Europe is expected to be the largest contributing region in terms of revenue in the global di-electric gases market over the forecast period. This is attributable to the presence of major key players & production facilities, the increase in the adoption of gas-insulated transmission lines, and growing use of di-electric gases in the transportation sector. Asia Pacific is estimated to grow with the highest CAGR during the forecast period. Factors that are primarily contributing to the rapid growth of the market in this region are growing demand for di-electric gases from chemical & petrochemical as well as the mining industry and rapidly growing power industries.

Global Di-electric Gases Market: Competitive Players

Some of the prominent players are operating in the global di-electric gases market.

• The 3M Company
• Messer Group GmbH
• Kanto Denka Kogyo Co. Ltd.
• The Linde Group
• KPL International Limited
• ABB Inc.
• Matheson Tri-Gas, Inc.
• General Electric
• Showa Denko K.K.
• Solvay S.A.
•  among others

The global di-electric gases market is segmented as follows:

By End-Use Equipment

• Gas Insulated Lines
• Transformers
• Switchgear

By Application

• Extra & Ultra High Voltage
• High Voltage
• Medium Voltage

By End-User

• Transportation
• Mining
• Heavy Metals
• Chemicals & Petrochemicals
• Oil & Gas
• Power Utilities
• And Others

Global Di-electric Gases Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.