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.

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Key Players:

  • The 3M Company
  • Solvay S.A.
  • General Electric
  • The Linde Group
  • KPL International Limited
  • Matheson Tri-Gas, Inc.
  • Kanto Denka Kogyo Co., Ltd.
  • Showa Denko K.K.
  • ABB Inc.
  • Messer Group GmbH

SF6 Segment Demand to Wane During Forecast Period

The SF6 type has been the dominant segment in the historical reference period. However, key players are turning away from it, due to it being a greenhouse gas. This has led to innovations for eco-friendlier substitutes. This is primarily fueled by rising demand for eco-friendly variants.   

Di-electric Gases Market by Category

Gas Type:

  • SF6 Di-Electric Gases
  • Dry Air Di-Electric Gases
  • Nitrogen Di-Electric Gases
  • Fluoronitrile (FN) Di-Electric Gases
  • Fluroketones (FK) Di-Electric Gases
  • Others

By End Use Equipment:

  • Switchgear
  • Transformers
  • Gas Insulated Lines

Application:

  • Medium Voltage
  • High Voltage
  • Extra & Ultra High Voltage

By End Use Industry:

  • Power Utilities
  • Oil & Gas
  • Chemicals & Petrochemicals
  • Heavy Metals
  • Mining
  • Transportation
  • Other Industrial

Startups & Key Players Keen on Innovations

The industry players are primarily focused on developing eco-friendly alternatives. This has carved out a lucrative space for startups to experiment. New market players can lure consumers through the introduction of eco-friendly products. This is also expected to make up for the lost SF6 market during the forecast period.