Focus On Research Activities Helps Players in Dielectric Gases Market to Sustain in Competition

Dielectric gases find application in a wide range of industries. The global dielectric gases market is growing on the back of outstanding demand from heavy metals, transportation, mining, oil and gas, power utilities, chemicals and petrochemicals, and other industries. Dielectric gases are dielectric materials present in gaseous form. They are used to quench electric discharges. Thus, these gases help in preventing the damage to the equipment, thereby improving the lifespan of equipment. The global dielectric gases market is expected to gain prodigious demand avenues from the power utilities and oil and gas industries.

The latest Fact.MR article sheds light on gamut of factors and trends supporting or restraining the growth of global dielectric gases market. This aside, the report offers key data on supply chain analysis, value chain analysis, and business expansion strategies used by players in the global dielectric gases market. The market for dielectric gases experienced growth at a CAGR of approximately 6% in 2019. Analysts find that the global dielectric gases market will show stupendous growth at a CAGR of about 7% during the forecast period of 2020 to 2030.

Based on gas type, there are many options available in the global dielectric gases market. This list includes nitrogen, fluoronitrile, dry air, SF6, fluoroketones, and others. Leading players in the market are offering dielectric gases including dry air and SF6, which are best suited for use in transformers, switch gear, and gas insulated lines. This scenario depicts that the potential growth opportunities in the global dielectric gases market.

Depending on application, the global dielectric gases market is bifurcated into medium voltage, high voltage, and extra and ultra high voltage. Of them, high voltage is one of the profitable applications in the market for dielectric gases. Key reason attributed to this popularity of high voltage application segment is their greater scope in power utilities.

The nature of global dielectric gases market is consolidated owing to presence of limited number of key players in it. Major players in the global dielectric gases market are executing diverse strategies such as mergers and acquisitions to maintain their leading market position. This aside, considerable number of enterprises are showing strong investments in research and development activities. These moves are supporting in strengthening their product portfolio. All these activities are foreseen to help in the expansion of the global dielectric gases market in the years ahead.

The list of key players working in the global dielectric gases market includes Showa Denko K.K, Solvay S.A, General Electric Company, Linde AG, Matheson Tri-Gas Inc, KPL International Limited, and Kanto-Denka Kogyo Co., Ltd.

On regional front, the global dielectric gases market shows presence in South Asia and Oceania, Middle East & Africa, North America, Europe, East Asia, and Latin America. Among all regions, the market for dielectric gases is estimated to witness prominent growth avenues in East Asia. This region holds over one forth of total demand for dielectric gases. One of the key reasons supporting this growth of the East Asia dielectric gases market is growing demand from regional industries using power utilities for energy generation purposes.