Sulfur Hexafluoride Market: Manufacturers Eye Refurbishing Older Equipment amid Escalating Environmental Concern

Published on : Apr 29, 2019

Albany, New York, April 29, 2019: A nonflammable, colorless and highly inert gas with an immensely high global warming potential (GWP), sulfur hexafluoride (SF6) is used as a dielectric medium in high-voltage circuit breakers, capacitors, transformers and other industrial applications. Tremendous electric characteristics and high chemical stability has made sulfur hexafluoride popular in dielectric gases. These actionable insights draw resemblance from the intelligence report titled, “Sulfur Hexafluoride Market—Global Industry Analysis, Value, Share, Growth, Trends, and Forecast 2018-2026,” which has been freshly added to Market Research Hub’s (MRH) ever-expanding repository.

When it comes to high voltage and medium voltage circuit breakers and gas insulated switch gears, sulfur hexafluoride has spurted in popularity. As such, owing to rising demand from residential, commercial and industrial industries apropos electricity consumption, sulfur hexafluoride market is slated to grow at a CAGR of over 6 percent in terms of market share.

Unique properties such as non-toxicity, high thermal stability, and chemical inertness make sulfur hexafluoride an imperative component in electrical transmission and distribution applications. Having said that, surged global warming potential (GWP) has posed serious concern.

The release of 1 kg of sulfur hexafluoride is equal to 22,800 kg or 22.8 tons of CO2. As such, releasing one kg of SF6 is nearly equivalent to driving 5 cars for a year. The electric power industry can contain SF6 emissions through equipment upgrades and cost-effective operational improvements. With refurbishing older equipment, improvements in the leak rate of new equipment and the use of more efficient operation and maintenance techniques, utilities come up with economic solutions to curb SF6 emissions.

Sulfur Hexafluoride Market: Report Content

The report provides a coherent analysis on the sulfur hexafluoride market which is backed up by qualitative and quantitative analysis. Additionally, the report delves into the happenings surrounding the market that have considerable impact on the growth of the Sulfur hexafluoride market, incorporating drivers, opportunities, trends and restraints. Further, the report elucidates segregation of the market to offer a robust analysis of the market.

The report includes executive summary, overview section which reveal a deep dive analysis of the Sulfur hexafluoride market. Furthermore, market overview section focuses on PESTLE analysis to present a thorough assessment on the market. Meanwhile, the overview section delineates Porters’ Five Force analysis that will aid in analyzing competitive scenario with pertaining to sulfur hexafluoride market.

The coherent assessment of competitive scenario of the sulfur hexafluoride market is propelled by assessment of Porters’ Five Force Analysis. As such, the Porters’ Five Force Analysis sheds light into the likely strategies of the leading players in the sulfur hexafluoride market. Additionally, the report also delves into company profile, SWOT analysis, product portfolio, recent development and strategic approach.

Sulfur Hexafluoride Market: Research Methodology

The report is backed up by thorough research undertaken to provide a robust analysis. Primary sources and secondary sources have been used to provide a prudent assessment on sulfur hexafluoride market. The secondary research includes EC filing, Factiva, trade journals and resourceful database. Further, the report is propelled by primary research, incorporating genuine review from experts, genuine views from seasoned analyst, surveys and telephonic interview. Meanwhile, the report also delves into absolute dollar opportunity analysis and Y-o-Y projections to offer deep dive analysis of the market.

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