Global Di-electric Gases Market, By Gas Type (SF6-based Dielectric Gases, Dry Air-based Dielectric Gases, Fluoronitrile-based Dielectric Gases, Nitrogen-based Dielectric Gases, Fluoroketones-based Dielectric Gases, Others), Equipment (Switchgears, Transformers, Gas Insulated Lines), Application (Medium Voltage, High Voltage, Extra & Ultra High Voltage), End User (Transportation, Heavy Metals, Oil and Gas, Mining, Chemicals and Petrochemicals, Power Utilities, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Dielectric gases have traditionally been used mainly in power utilities. The demand of dielectric gases are high in many industries due to their gradual insulation and quenching properties. In transportation, dielectric gases are used to transformers and switch gears in train stations and other high-energy locations. The power utility industry is likely to drive the global dielectric gases market due to increase in power consumption during forecast period.
Data Bridge Market Research analyses that the di-electric gases market was valued at USD 2500.0 million in 2021 and is expected to reach USD 4014.79 million by 2029, registering a CAGR of 6.10 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Gas Type (SF6-based Dielectric Gases, Dry Air-based Dielectric Gases, Fluoronitrile-based Dielectric Gases, Nitrogen-based Dielectric Gases, Fluoroketones-based Dielectric Gases, Others), Equipment (Switchgears, Transformers, Gas Insulated Lines), Application (Medium Voltage, High Voltage, Extra & Ultra High Voltage), End User (Transportation, Heavy Metals, Oil and Gas, Mining, Chemicals and Petrochemicals, Power Utilities, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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3M (U.S.), Solvay (Belgium), General Electric (U.S.), Linde Plc (Ireland), KPL International Limited (India), Matheson Tri-Gas, Inc. (U.S.), Showa Denko K.K. (Japan), Messer (Germany), ABB (Switzerland), Air Products Inc. (U.S.), AGC Inc. (Japan), Kanto Denka Kogyo Co., Ltd. (Japan), Bharat Heavy Electricals Limited (India), HPS GASES LIMITED (India)
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Market Opportunities
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Market Definition
A dielectric gas is also known as insulating gas. It is a dielectric material in gaseous state. Its main purpose is to prevent quench electric discharges. Dielectric gases are mainly used as electrical insulators in high voltage applications such as switchgear, radar waveguides, transformers, circuit breakers, etc. A good dielectric gas should have chemical inertness, high dielectric strength and high thermal stability. The most common dielectric gas is air because of its low cost and ubiquity. Another commonly used gas is a dry nitrogen.
Di-electric Gases Market Dynamics
Drivers
- Increasing demand in several industries
There are many gases present on earth but the most common gases which is used across the globe for insulation purpose in dielectric gases are fluoronitrile (FN), fluoroketones (FK), Nitrogen, dry air, SF6, and others. As a result, di-electric gases have shown a significant share in petrochemicals, power utilities and the chemicals industry, which is anticipated to boost the market demand in the forecast period.
- Rise the demand in construction sector
The rapidly growing urbanisation increase the demand for constructing commercial and residential infrastructure. In order to ensure residents’ safety and the durability of buildings, the key vendors are deploying dielectric gases based insulating material. It observed that the dielectric gas insulators are far more lucrative compared to other conventional insulators. This is the factor which is bolstering the di-electric gases market growth.
- High Reliance on Sulfur Hexafluoride
Sulfur hexafluoride (SF6) is highly electronegative gas both at room temperature and at temperatures well above ambient. The breakdown voltage of SF6 about three times greater than air at atmospheric pressure. It also has recovery and fast self-healing properties because of its heat transfer properties due to this it can reform itself when separated under high gas-pressure conditions in an arc or electric discharge. Due to these major properties sulfur hexafluoride widely used in transportation and power utilities.
Opportunities
- Increase the number of Emerging markets
According to FMI, many market players are involved in the manufacturing of existing products, such as dry air, SF6 and nitrogen, whereas others are engaged in the development of substitutes of SF6 gas type. It is also one of the major greenhouse gases. SF6 plays a main role in the dielectric gases market and create new opportunities for the market revenue.
- Technological advancement
However, the manufacture are developing the alternative of SF6 technology. Currently, only 3M Company has developed an alternative technology, but this technology has not been commercialized yet. So, there exists a golden opportunity for the new market players to develop an alternative technology and make their place in the global Dielectric Gases market.
Restraints/ Challenges
However, the outbreak of pandemic COVID-19 has hit the global health and economic institutions. The growth of the di-electric gases market is expected to be affected by this pandemic crisis and is also projected to see a significant drop in growth of dielectric gases market. This is one of the major market restrains that will obstruct the market's growth rate.
This di-electric gases market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the di-electric gases market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Di-electric Gases Market
The outbreak of Covid-19 pandemic has a negative impact on the global di-electric gases market. During this pandemic, a huge reduction in industrial and commercial activities has been witnessed due to the restriction and lockdown on movement globally. This resulted in the reduction in electricity demand, ultimately affecting the use of di-electric gases in high voltage applications. Though, with the ease in the restrictions, the market may again gain traction in the upcoming years.
Recent Development
- In April 2020, Novec, 3M Company collaborated with ABB and GE for the growth of this product. This collaborative effort resulted in introducing a high-potential substitute to SF6 technology and technology exchange, which added value to the global landscape.
- In August 2021, Linde India signed a business transfer agreement with HPS Gase to acquire its whole packaged gases business with certain distribution assets for an aggregate cash consideration of Rs.27.5 crore.
Global Di-electric Gases Market Scope
The di-electric gases market is segmented on the basis of gas type, equipment, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Gas Type
- SF6-based Dielectric Gases
- Dry Air-based Dielectric Gases
- Fluoronitrile-based Dielectric Gases
- Nitrogen-based Dielectric Gases
- Fluoroketones-based Dielectric Gases
- Others
Equipment
- Switchgears
- Transformers
- Gas Insulated Lines
Application
- Medium Voltage
- High Voltage
- Extra and Ultra High Voltage
End User
- Transportation
- Heavy Metals
- Oil and Gas
- Mining
- Chemicals and Petrochemicals
- Power Utilities
- Others
Di-electric Gases Market Regional Analysis/Insights
The di-electric gases market is analysed and market size insights and trends are provided by country, gas type, equipment, application and end-user as referenced above.
The countries covered in the di-electric gases market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the di-electric gases market in terms of market share during the forecast period. This is due to the increasing demand for di-electric gases in this region. North America region leads the di-electric gases market due to the presence of a significant number of leading players within the power industry.
During the estimated period, Asia-Pacific is expected to be the fastest developing region due to growing demand of di-electric gases in energy industry in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Di-electric Gases Market Share Analysis
The di-electric gases market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to di-electric gases market.
Some of the major players operating in the di-electric gases market are:
- 3M (U.S.)
- Solvay (Belgium)
- General Electric (U.S.)
- Linde Plc (Ireland)
- KPL International Limited (India)
- Matheson Tri-Gas, Inc. (U.S.)
- Showa Denko K.K. (Japan)
- Messer (Germany)
- ABB (Switzerland)
- Air Products Inc. (U.S.)
- AGC Inc. (Japan)
- Kanto Denka Kogyo Co., Ltd. (Japan)
- Bharat Heavy Electricals Limited (India)
- HPS GASES LIMITED (India)
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