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The Dielectric Gases Market size is estimated to reach US$176.1 million by 2027, after growing at a CAGR of 6.8% during the forecast period 2022-2027. The use of Dielectric Gases in Transportation
has increased significantly. A dielectric gas is also known as an insulating
gas. It is a dielectric material in the gaseous state that can prevent
electrical discharge. The primary raw materials used in the production of
dielectric gases are fluoroketone, fluoronitrile, nitrogen, sulfur
hexafluoride, carbon dioxide, and hydrogen sulfide. The expansion of
gas-powered transmission grids has been made possible by the rise in the use of
high-speed trains and other forms of high-energy transportation, which is
propelling the market for dielectric gas in the transportation sector. According
to the Federal Aviation Administration (FAA), the total commercial aircraft
fleet is expected to grow from 7,397 in 2018 to 8,270 by 2037.
Dielectric
Gases Market: Leading Segment in Transportation Market
On the basis of the end-use
industry, the Dielectric Gases market can be segmented into transportation, electrical
& electronics, heavy industries and others. During the forecast period 2022-2027,
the automotive segment is expected to grow with a CAGR of 7.3%. The demand for
dielectric gases is expected to increase due to the increase in automotive
production around the world. This is expected to spur the growth of the
dielectric gas industry in the transportation sector over the course of the
forecast period. According to Japan International Cooperation Agency (JICA), JICA
signed a loan agreement with the Government of India to provide an ODA loan of
100,000 million Japanese Yen (approximately Rs 6,000 crore) as Tranche 3 for
the Mumbai-Ahmedabad Expressway.
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Dielectric Gases Market:
Leading Region in Asia-Pacific
On the basis of geography, the Dielectric
Gases market can be segmented into North America, South America, Europe, APAC,
and ROW. According to IndustryARC’s analysis, Asia-Pacific has emerged as the
most profitable region in the market. In 2022, the Asia-Pacific region held a 39.8%
share of the total revenue earned by the market globally. Asia-Pacific countries
including the India and China are ahead comparatively in terms of consuming
transportation products. The transportation sector in Asia-Pacific is rapidly growing due
to a flourishing base for automotive manufacturers, demand for automotive
compounds and production rise. According to International Trade Administration,
China remains the world's largest vehicle market in terms of both annual sales
and manufacturing output, with domestic output expected to reach 35 million
vehicles by 2025. According to India Brand Equity Foundation, by 2030,
the Indian aerospace and defense (A&D) market is expected to reach US$ 70
billion.
The Dielectric
Gases market will also gain demand from the North American region. The U.S. and Canada are emerging as competitive countries in the Dielectric Gases market.
Dielectric Gases Market: Competitive
Landscape
Key companies holding major
shares in the Dielectric Gases market are 3M Company, Solvay S.A., The Linde
Group, Messer Group, Showa Denko K.K., KPL International Matheson Tri-Gas,
Kanto Denka Kogyo, Chengdu Taiyu Industrial Gases, General Electric
R&D Investments
In May 2022, Elsewedy Electric
introduced Africa's first busway dielectric system facility. The system ensures
high preventive security standards for large-built structures through short
circuits, load distribution and a low magnetic field.