The Di-electric Gases market is predicted to increase at a 7.2% CAGR from US$ 135.2 billion in 2023 to US$ 272.3 billion in 2033. Advantages offered by di-electric gases over high-risk oils are expected to drive the global market. The product finds diverse applications in gears, transformers, gas-insulated lines, and high-voltage transmission units. It can also aid in reducing the weight and size of high-voltage transmission units. The market is on a positive growth trajectory owing to a global rise in energy consumption. Rising Application Across Industries Drives Market Growth The expansion of the construction industry propelled by the residential and commercial sectors is projected to bolster market growth. High energy consumption in the sector, makes it a lucrative market for di-electric gases. Further, the product is expected to find application in medium voltage substations, owing to an increase in establishments of IT, telecom infrastructure, and HVAC units. Additionally, it finds critical applications in insulation. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8514 Key Takeaways from the Report: ✓ The di-electric gases market recorded a CAGR of 5.9% between 2017 and 2022. ✓ In China, the market is expected to grow at a CAGR of 8.2%, to reach a valuation of US$ 61.4 Bn by 2033. ✓ The US market is projected to grow at a CAGR of 5.9% to reach a market value of US$ 27.9 Bn by 2033. ✓ The market in Japan is expected to register a promising CAGR of 4.0%, growing by US$ 2.5 Bn between 2023 and 2033. ✓ By top application, the high voltage segment is expected to grow at a CAGR of 7.4% during the forecast period Important Market Developments: ✓ In March 2022, Enedis and Schneider Electric collaborated to launch an advanced MV/LV substation equipment. This equipment uses an ecofriendly alternative to SF6gas. This new gas variant is highly in demand due to its application in high-voltage electrical distribution.
Di-electric Gases Market- This is How Leading Companies Are Dominating the Global Market
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