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Showing posts with the label Sulfur Hexafluoride Market Trend

Latest Trends in the Sulfur Hexafluoride (SF6) Market by 2025

Rising demand for the product for use as an ideal quenching material in circuit breakers and switchgear manufacturing is expected to have a positive impact on the industry growth. The Global Sulfur Hexafluoride Market is expected to reach USD 309.9 million by 2025, according to a new report by Grand View Research, Inc. Key industry participants, have integrated their operations across the value chain by indulging in raw material manufacturing as well as distribution sectors in order to gain a competitive edge in the industry. Active investments in the R&D of the product to reduce the environmental impact and boost efficiency are projected to increase the competitive rivalry among the manufacturers. In June 2014, ABB developed a patented technology to recycle contaminated SF6 gas based on the energy proficient cryogenic process. The use of recycled sulfur hexafluoride gas is expected to mitigate carbon emissions by about 30% and save costs. These factors are, therefor