Dielectric Gases Market Value to Expand 1.8X through 2030 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 detailed insights on enhancing your product footprint, request for a sample here - 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 20202030 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.
For critical insights on this market, request for methodology here - 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