Global Gas Insulated Transformer Market 2022 - Industry Briefing

Global Gas Insulated Transformer Market 2022 - Industry Briefing

According to latest analysis by Gen Consulting Company, the global gas insulated transformer market was USD 2,340 million in 2021 and is expected to reach USD 3,122 million in 2028 and register a CAGR of 4.2% during the forecast period, 2022-2028.

This industry report offers market estimates of the global market, followed by a detailed analysis of the voltage, installation, end user, and region. The global market data on gas insulated transformer can be segmented by voltage: low voltage (up to 72.5 KV), medium voltage (72.5 KV - 220 KV), high voltage (above 220 KV). In 2021, the medium voltage (72.5 KV - 220 KV) segment made up the largest share of revenue generated by the gas insulated transformer market. Gas insulated transformer market is further segmented by installation: indoor, outdoor. The indoor segment was the largest contributor to the global gas insulated transformer market in 2021. Based on end user, the gas insulated transformer market is segmented into: utility, industrial, commercial, others. The utility segment is estimated to account for the largest share of the global gas insulated transformer market. On the basis of region, the gas insulated transformer market also can be divided into: Asia-Pacific, North America, Europe, MEA (Middle East and Africa), Latin America. Asia-Pacific held the largest share of the global gas insulated transformer market in 2021 and is anticipated to hold its share during the forecast period.

The global gas insulated transformer market is highly competitive. The gas insulated transformer market is dominated by key players, which are Hyosung Heavy Industries Corp., Meidensha Corporation, Mitsubishi Electric Corporation, Nissin Electric Co. Ltd., Shihlin Electric & Engineering Corp., Takaoka Toko Co. Ltd., Toshiba Corporation.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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