FeedingTrends
Dielectric Gases Market Estimated to Record Highest Cagr by 2032
6 months ago
3 min read

Dielectric Gases Market Estimated to Record Highest Cagr by 2032

Worldwide sales of microplate systems are valued at US$ 922.3 million in 2022. The global microplate systems market is projected to register 4.5% CAGR to reach a valuation of US$ 1.1 billion by the end of 2026.

Demand for microplate readers is expected to increase at a higher 5.2% CAGR from 2022 to 2026. Rising incidence of several diseases, increased focus on drug discovery, and surging R&D investments by drug manufacturers are all driving demand for microplate readers.

The demand for dielectric gases market is expected to increase significantly in the coming years due to their increasing use in the electrical and electronics industry. Dielectric gases are used in the production of electrical and electronic components due to their ability to insulate and protect the components from electrical shock. The increasing use of electronic components in various industries such as automotive, aerospace, and healthcare is likely to drive the demand for dielectric gases in the coming years. Furthermore, the growing demand for miniaturized and high performance electronic components is also expected to fuel the demand for dielectric gases. The increasing demand for alternative energy sources such as solar energy is also expected to drive the demand for dielectric gases in the near future.

Download Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=6401?pk

2015–2021 Revenue Analysis of Dielectric Gases vs. Future Outlook 2022–2032

According to data published by Fact.MR- a market research and competitive intelligence provider- dielectric gases sales experienced a significant uptake from 2015–2021, documenting a CAGR of 6.5%. Dielectric gases have been mobilized in the oil & gas and power utilities industry, extensively used in extra and ultra-high voltage applications. The shift from high-risk oil towards a much safer alternative has been propelling the global dielectric gases market.

Future growth prospects are reliant on the growth of the construction industry. As urbanization expands, the need for commercial and residential infrastructure is increasing, which is necessitating installation of insulated power lines and electricity apparatus. Key construction insulation players are thus preferring dielectric gases over conventional insulating material. Owing to these factors, the global market is poised to flourish nearly 2x from 2022–2032.

Key Companies

  • 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

Key Segments Covered in the Dielectric Gases Market Study

  • by Gas Type :

  • SF6-based Dielectric Gases

  • Dry Air-based Dielectric Gases

  • Fluoronitrile-based Dielectric Gases

  • Nitrogen-based Dielectric Gases

  • Fluoroketones-based Dielectric Gases

  • Other Dielectric Gas Types

  • by Application :

  • Medium Voltage

  • High Voltage

  • Extra & Ultra High Voltage

  • by End Use Equipment :

  • Switchgears

  • Transformers

  • Gas Insulated Lines

  • by End Use Industry :

  • Transportation

  • Heavy Metals

  • Oil & Gas

  • Mining

  • Chemicals & Petrochemicals

  • Power Utilities

  • Other End Use Industries

  • by Region :

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia & Oceania

  • Middle East & Africa

After reading the Dielectric Gases Market Report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the growth of the global market.

  • Analyze key regions holding significant share of the total market revenue.

  • Study the growth outlook of the global market scenario, including production, consumption, history and forecast.

  • Learn consumption pattern and impact of each end use on the market growth.

  • Investigate the recent R&D projects performed by each market player

Get More insights on this: https://www.factmr.com/report/4805/dielectric-gases-market

Appreciate the creator