According to Stratistics MRC, the Global Gas Insulated Transformer Market is accounted for $3.03 billion in 2019 and is expected to reach $5.09 billion by 2027 growing at a CAGR of 6.7% during the forecast period. Some of the key factors propelling the market growth include rising electrical network expenditure, increase in initiatives to improve electrification rate, growth in adoption of technologically advanced products, and increasing investments in the T&D sector. However, environmental regulations regarding the use of Sf6 and high cost of equipment are likely to hamper the market.
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On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, owing to the rise in investments in smart grid technologies and smart cities, along with the increase in the number of data centers, with a surge in IT hubs and commercial institutions. The countries such as China, Malaysia, Thailand, and Indonesia are increasing their power generation capacities to meet the elevating power demand.
Some of the key players in Gas Insulated Transformer Market include ABB, GE, Arteche, Fuji Electric, Nissan Electric, Chint Group, Toshiba, Mitsubishi Electric, Siemens, Takaoka Toko Co., Ltd., Yangzhou Power Electric Co., Ltd., Kharkovenergopribor Ltd., Meidensha, Hyosung Corporation, and Pascal Group of Companies.
Product Types Covered:
• Instrument Transformers
• Distribution Transformers
• Power Transformers
• Evaporative Cooling Gas Insulated Transformer
• SF6 Gas Insulated Transformer
Voltage Covered:
• High Voltage (72.5 kV to 220 kV)
• Medium Voltage (Up to 72.5 kV)
• Extra High Voltage (Above 220 kV)
Installations Covered:
• Outdoor
• Indoor
Transformer Types Covered:
• Three-phase
• Poly-phase
• One/Two-phase
Cooling Types Covered:
• Gas Directed Air Forced Cooling
• Gas Directed Water Forced Cooling
• Gas Directed Air Natural Cooling
Types Covered:
• Full-insulated Transformers
• Semi-insulated Transformers
End Users Covered:
• Industrial
• Commercial
• Utility
• Non-utility
• Power Plant Use
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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