Asia Pacific Sulfur Hexafluoride Market
Sulfur hexafluoride (SF6) is defined as a non-toxic, inert, potent greenhouse gas which possesses superior electrical insulation characteristics. The chemical formula of sulfur hexafluoride is SF6 and constitutes of one sulphur atom surrounded by six fluorine atoms. On the basis of grade, the standard grade is expected to dominate the market due to growing demand for standard grade of the SF6 gas in the production of circuit breakers utilized in power & energy generation industry is likely to complement market growth. Further, rising application of the gas in the manufacturing of high voltage equipment such as transformers, switches, and capacitors is further expected to propel the demand for standard grade sulfur hexafluoride gas. SF6 is extensively being demanded in power energy, electronic, medical, aerospace, meteorology and other industrial bases as it.Thus, the growth in electronics sector is expected to create a significant demand for sulfur hexafluoride in the coming years, which is further anticipated to drive the sulfur hexafluoride market.
Strategic insights for the Asia Pacific Sulfur Hexafluoride provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 95.62 Million |
| Market Size by 2027 | US$ 147.28 Million |
| Global CAGR (2020 - 2027) | 5.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Grade
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Sulfur Hexafluoride refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Sulfur Hexafluoride market in APAC is expected to grow from US$ 95.62 million in 2019 to US$ 147.28 million by 2027; it is estimated to grow at a CAGR of 5.5% from 2020 to 2027. Developing nations are adopting HDVC transmission. In HDVC transmission the systems are connected with the help of power grids in a particular area, which eliminates the issues related to the loss of electricity in that area. HDVC systems can also control the magnitude and direction of power flow with the help of switchgear and other switching elements of the converter. The physicochemical properties, discharge characteristics of Sulfur hexafluoride, and its gap breakdown characteristics under non-uniform electric fields make it suitable for use in HDVC transmission systems. HDVC transmission is gaining importance in APAC region due to an upsurge in demand for power consumption. Thus, the HDVC transmission offer future growth opportunities for market players operating in the APAC market as the need for higher electric power over long distances are increasing in several industries. This is bolstering the growth of the Sulfur Hexafluoride market.
The presence of emerging economies backed by industrialization, large population, and increasing disposal income in APAC are the major factors propelling the growth of the sulfur hexafluoride market. However, the outbreak of COVID-19 is expected to affect the economic growth of the APAC region. Although, China is the leading global manufacturing hub and raw material supplier of various industries, it is one the worst hit countries in APAC followed by India, where business activities were ceased due to 10 weeks nationwide lockdown. Other leading manufacturing economies like South Korea and Japan were also hit severely. Various measure such as travel bans, business shutdowns, and lockdown are taken by the governments across APAC to control the COVID-19 outbreak.
In terms of grade, the electronic grade segment accounted for the largest share of the APAC sulfur hexafluoride market in 2019. Further, the power and energy segment held a larger share of the market based on end user in 2019.
A few major primary and secondary sources referred to for preparing this report on the sulfur hexafluoride market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Air Liquide, Linde plc., Matheson Tri-Gas, Inc., Solvay S.A., Kanto Denka Kogyo Co. Ltd, Fujian Shaowu Yongfei Chemical Co. Ltd., SHOWA DENKO K.K., Chemix Gases, and Itwani Corporation among others.
The List of Companies - Asia Pacific Sulfur Hexafluoride Market
The Asia Pacific Sulfur Hexafluoride Market is valued at US$ 95.62 Million in 2019, it is projected to reach US$ 147.28 Million by 2027.
As per our report Asia Pacific Sulfur Hexafluoride Market, the market size is valued at US$ 95.62 Million in 2019, projecting it to reach US$ 147.28 Million by 2027. This translates to a CAGR of approximately 5.5% during the forecast period.
The Asia Pacific Sulfur Hexafluoride Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Sulfur Hexafluoride Market report:
The Asia Pacific Sulfur Hexafluoride Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Sulfur Hexafluoride Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Sulfur Hexafluoride Market value chain can benefit from the information contained in a comprehensive market report.
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