PUBLISHER: The Business Research Company | PRODUCT CODE: 1695234
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695234
A Vacuum-Pressure Encapsulated (VPE) transformer is a specific type of electrical transformer designed with a vacuum-sealed enclosure for enhanced insulation and reduced environmental impact, contributing to efficient and reliable power distribution. This transformer utilizes vacuum technology to eliminate air and moisture from its interior, minimizing the risk of insulation breakdown and thereby extending the lifespan of the transformer. The vacuum-pressure encapsulated design helps create a controlled environment within the transformer, improving its insulation properties and overall performance in power distribution applications.
Vacuum-pressure-encapsulated (VPE) transformers come in two main winding configurations, two-winding and auto-transformers. A two-winding transformer features distinct primary and secondary windings, optimizing energy transfer and voltage transformation through electromagnetic induction. These transformers are classified based on ratings such as <=5 MVA, >5 MVA to <= 30 MVA, and > 30 MVA. They find application in various sectors, including industrial settings, inner-city substations, indoor or underground substations, and renewable energy generation.
The vacuum pressure encapsulated (VPE) transformer market research report is one of a series of new reports from The Business Research Company that provides vacuum pressure encapsulated (VPE) transformer market statistics, including vacuum pressure encapsulated (VPE) transformer industry global market size, regional shares, competitors with vacuum pressure encapsulated (VPE) transformer market share, detailed vacuum pressure encapsulated (VPE) transformer market segments, market trends, and opportunities, and any further data you may need to thrive in the vacuum pressure encapsulated (VPE) transformer industry. This vacuum pressure encapsulated (VPE) transformer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The vacuum pressure encapsulated (VPE) transformer market size has grown strongly in recent years. It will grow from $5.68 billion in 2024 to $6.17 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing power demand, aging power infrastructure, government initiatives for grid modernization, focus on renewable energy integration, environmental concerns and regulations.
The vacuum pressure encapsulated (VPE) transformer market size is expected to see strong growth in the next few years. It will grow to $8.15 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rising investments in energy infrastructure, integration of iot and digitalization, focus on energy efficiency, resilience against harsh environmental conditions, growth of smart grid deployments globally. Major trends in the forecast period include adoption of dry-type transformers, customization and modular designs, development of eco-friendly insulation materials, advanced monitoring and diagnostics, advance equipment.
Rising electricity demand is expected to drive growth in the vacuum-pressure encapsulated (VPE) transformer market. Electricity demand reflects the amount of power consumed at any given time, measured in kilowatts (kW), indicating the rate of electricity usage. VPE transformers offer high mechanical and short-circuit strength, reducing fire or explosion risks and efficiently managing electricity by providing effective electrical isolation. For instance, in October 2024, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that electricity production reached 996.1 TWh in July 2024, marking a 2.6% increase year-over-year, fueled by a 7.8% rise in renewable energy. Solar energy grew by 20.6%, and hydropower increased by 8.1%, with renewables comprising 32.9% of the electricity mix. As a result, the rising electricity demand is propelling the VPE transformer market forward.
Leading companies in the VPE transformer market are focusing on innovative products to enhance electricity distribution efficiency and environmental friendliness. One such innovation is the development of dry-type pole-mounted transformers. These transformers use air or gas as the cooling medium and are mounted on poles for outdoor installation, eliminating the need for liquid insulation. Siemens Energy, a Germany-based energy technology company, introduced CAREPOLE in April 2022. CAREPOLE is a Vacuum Pressure Impregnated (VPI) pole-mounted transformer, available in single-phase designs with a voltage capacity of up to 36 kV and power ratings ranging from 10 kVA to 100 kVA. It is a dry-type transformer that uses no oil, enhancing safety and environmental sustainability compared to traditional oil-filled transformers.
In April 2023, Eaton Corporation, a US-based power management company, acquired a 49% stake in Jiangsu Ryan Electrical Co. Ltd., a China-based power manufacturer of VFE dry-type transformers. This strategic acquisition positions Eaton to capitalize on global growth trends in electrification and digitalization, contributing to the transition to renewable energy and addressing critical power management challenges worldwide.
Major companies operating in the vacuum pressure encapsulated (vpe) transformer market report are Hitachi Ltd., General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens Energy AG, ABB Group, Toshiba Corporation, Eaton Corporation, TBEA Co Ltd., Fuji Electric Co Ltd., WEG SA, Bharat Heavy Electricals Limited (BHEL), Hyundai Electric & Energy Systems Co Ltd., Crompton Greaves Limited, CG Power and Industrial Solutions Limited, Hammond Power Solutions Inc., Virginia Transformer Corp, Voltamp Transformers Limited, Kirloskar Electric Company Limited, Matelec Group
Asia Pacific was the largest region in the vacuum pressure encapsulated (VPE) transformer market in 2024. The regions covered in the vacuum pressure encapsulated (vpe) transformer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the vacuum-pressure-encapsulated (VPE) transformer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The vacuum-pressure-encapsulated (VPE) transformer market consists of sales of cast coil VPE transformers, tape wound VPE transformers, and amorphous core VPE transformers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vacuum Pressure Encapsulated (VPE) Transformer Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vacuum pressure encapsulated (vpe) transformer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vacuum pressure encapsulated (vpe) transformer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vacuum pressure encapsulated (vpe) transformer market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.