Published by Persistence MarketResearch
Posted on October 11, 2021
4 min readLast updated: January 29, 2026
The gas insulated transmission line market is set to grow at a 4.5% CAGR from 2021-2031, driven by urbanization and power sector investments.
As per Persistence Market Research’s latest analysis, the global gas insulated transmission line market is projected to be valued at around US$ 469.5 Mn in 2021, and expand at a healthy CAGR of 4.5% over the forecast period of 2021-2031. Rapid urbanization, increasing spending on the power generation sector, and infrastructure development are expected to drive sales of gas insulated transmission line over the coming years.
Collaborations, acquisitions, and mergers are highly prevalent in this competitive landscape.
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Construction project implementation rates, related manufacturing output production rates, and supply chain networks have been disrupted as a result of the ongoing COVID-19 outbreak. Though sales of gas insulated transmission lines dropped in the early phase of the pandemic, the market is likely to rebound dramatically in the years ahead.
Key Takeaways from Market Study
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“Europe and South East Asia are expected to maintain their dominance. Prices of gas insulated transmission line are anticipated to decrease over the next 7-8 years,” says a Persistence market Research analyst.
Competitive Landscape
The gas insulated transmission line market is identified to be significantly consolidated. Some of the key players in the market are Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB, Hitachi ABB, LS Cable & System Ltd., and Beta Engineering.
These players have higher shares in the global market and have longstanding relationships with a number of end users for the supply of gas insulated transmission lines.
Find More Valuable Insights
The research report analyzes demand for gas insulated transmission lines. The global market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background.
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As per Persistence market Research’s scope, the market has been analyzed on the basis of rated voltage, application, installation method, end user, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.
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The post Gas Insulated Transmission Line Market Expand At A Healthy CAGR of 4.5% Over The Forecast Period of 2021-2031 appeared first on Lake Shore Gazette.
The main topic is the growth and trends in the gas insulated transmission line market from 2021 to 2031.
Rapid urbanization, increased spending on power generation, and infrastructure development are key drivers.
Europe and Southeast Asia are expected to maintain dominance in the gas insulated transmission line market.
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