Gas Insulated Transformer Market, By Voltage Rating, By Cooling Type, By End User, By Geography

Description

The global gas insulated transformer market is estimated to be valued at US$ 2.81 Bn in 2024 and is expected to reach US$ 4.02 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.81 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.20%	2031 Value Projection:	US$ 4.02 Bn

Figure. Gas Insulated Transformer Market Share (%), By Region 2024

Insulated transformer is extensively adopted owing to its compact design and minimum site footprint, which saves both material and installation costs. The use of gases like sulfur hexafluoride (SF6) helps improve dielectric strength while also eliminating the need for oil insulation systems. Their high reliability and longevity in high-voltage applications have made them sought-after in the utilities sector and other industries. Rise in grid investments across developing economies for modernizing aging infrastructure and ensuring reliable power supplies will largely boost the GIL demand over the coming years.

Market Dynamics:

The gas insulated transformer market is driven by increasing investments in upgrading aging power grids as well as expanding transmission and distribution networks worldwide. However, high installation costs and maintenance requirements posed by gas insulated transformers could limit their widespread adoption. Growing focus on renewable energy integration and decentralized electricity production brings opportunities for market players to offer customized solutions. Rising energy demand from emerging economies amid rapid industrialization and urbanization will necessitate increased utilization of high-voltage equipment like gas insulated transformers for bulk power transfer over long distances. Strict regulations pertaining to the use of greenhouse gases present both a challenge for stakeholders to develop eco-friendly alternatives as well as an opportunity to invest in R&D for green technologies.

Key Features of the Study:

This report provides in-depth analysis of the global gas insulated transformer market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global gas insulated transformer market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include ABB Ltd., Alstom (now part of GE), Bharat Heavy Electricals Limited (BHEL), CG Power and Industrial Solutions Limited, Eaton Corporation, Efacec, Hitachi Energy, Hyundai Electric & Energy Systems Co., Ltd., Siemens Energy, Schneider Electric, SGB-SMIT Group, Toshiba Corporation, Transformers and Rectifiers (India) Limited, Toshiba Corporation, and ZTE Energy

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global gas insulated transformer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global gas insulated transformer market

Detailed Segmentation:

By Voltage Rating
- Low Voltage (less than 72.5 kV)
- Medium Voltage (72.5 kV to 230 kV)
- High Voltage (greater than 230 kV)
By Cooling Type
- Oil-Cooled
- Air-Cooled
By End User
- Power Transmission and Distribution
- Industrial
- Others (including Renewable Energy, etc.)
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- ABB Ltd.
- Alstom (now part of GE)
- Bharat Heavy Electricals Limited (BHEL)
- CG Power and Industrial Solutions Limited
- Eaton Corporation
- Efacec
- Hitachi Energy
- Hyundai Electric & Energy Systems Co., Ltd.
- Siemens Energy
- Schneider Electric
- SGB-SMIT Group
- Toshiba Corporation
- Transformers and Rectifiers (India) Limited
- Toshiba Corporation
- ZTE Energy

Product Code: CMI5232

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Voltage Rating
- Market Snippet, By Cooling Type
- Market Snippet, By End User
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Gas Insulated Transformer Market, By Voltage Rating, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Low Voltage (less than 72.5 kV)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Medium Voltage (72.5 kV to 230 kV)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
High Voltage (greater than 230 kV)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Gas Insulated Transformer Market, By Cooling Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Oil-Cooled
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Air-Cooled
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Gas Insulated Transformer Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Power Transmission and Distribution
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others (including Renewable Energy, etc.)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Gas Insulated Transformer Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Voltage Rating, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Cooling Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Voltage Rating, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Cooling Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Voltage Rating, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Cooling Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Voltage Rating, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Cooling Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Voltage Rating, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Cooling Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- ABB Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Alstom (now part of GE)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bharat Heavy Electricals Limited (BHEL)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CG Power and Industrial Solutions Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Eaton Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Efacec
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hitachi Energy
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hyundai Electric & Energy Systems Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Siemens Energy
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Schneider Electric
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SGB-SMIT Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Toshiba Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Transformers and Rectifiers (India) Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Toshiba Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ZTE Energy
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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