Global Gas Insulated Transformer Market 2024-2028
The gas insulated transformer market is forecasted to grow by USD 895.2 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the gas insulated transformer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of transmission and distribution (t and d) of power, rising requirements for power from residential, industrial, and commercial sectors, and expansion of renewable power generation capacity.
Technavio's gas insulated transformer market is segmented as below:
By Installation Sites
By End-user
- Utility
- Industrial
- Commercial
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing strategic alliances between vendors as one of the prime reasons driving the gas insulated transformer market growth during the next few years. Also, technological advances in gas insulated transformer and increasing investment by vendors for insulated transformer will lead to sizable demand in the market.
The report on the gas insulated transformer market covers the following areas:
- Gas insulated transformer market sizing
- Gas insulated transformer market forecast
- Gas insulated transformer market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gas insulated transformer market vendors that include ABB Ltd., Arteche Lantegi Elkartea SA, China XD Group Co. Ltd., Fuji Electric Co. Ltd., General Electric Co., Hyosung Heavy Industries Corp., Kanohar Electricals Ltd., KharkovEnergoPribor Ltd., Kirloskar Electric Co. Ltd., Meidensha Corp., Mitsubishi Electric Corp., NISSIN ELECTRIC Co. Ltd., Schneider Electric SE, Shihlin Electric and Engineering Corp., Siemens AG, Takaoka Toko Co. Ltd, Tatung Co., Toshiba Corp., Yangzhou Xinyuan Electric Co. Ltd, and Zhejiang CHINT Electrics Co. Ltd.. Also, the gas insulated transformer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.