Global Oil Immersed Inductive Voltage Transformer Market Growth 2025-2031

The global Oil Immersed Inductive Voltage Transformer market size is predicted to grow from US$ 423 million in 2025 to US$ 664 million in 2031; it is expected to grow at a CAGR of 7.8% from 2025 to 2031.

An Oil-Immersed Inductive Voltage Transformer (IVT) is a type of voltage transformer that uses oil as an insulating and cooling medium. It steps down high system voltages to lower, standardized levels for safe measurement, monitoring, and control. These transformers are widely used in power systems, especially in high-voltage applications like substations.

United States market for Oil Immersed Inductive Voltage Transformer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Oil Immersed Inductive Voltage Transformer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Oil Immersed Inductive Voltage Transformer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Oil Immersed Inductive Voltage Transformer players cover Hitachi Energy, Emek, Arteche Group, Sieyuan Electric, ITEC, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Oil Immersed Inductive Voltage Transformer Industry Forecast” looks at past sales and reviews total world Oil Immersed Inductive Voltage Transformer sales in 2024, providing a comprehensive analysis by region and market sector of projected Oil Immersed Inductive Voltage Transformer sales for 2025 through 2031. With Oil Immersed Inductive Voltage Transformer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oil Immersed Inductive Voltage Transformer industry.

This Insight Report provides a comprehensive analysis of the global Oil Immersed Inductive Voltage Transformer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Oil Immersed Inductive Voltage Transformer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Oil Immersed Inductive Voltage Transformer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oil Immersed Inductive Voltage Transformer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Oil Immersed Inductive Voltage Transformer.

This report presents a comprehensive overview, market shares, and growth opportunities of Oil Immersed Inductive Voltage Transformer market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Less than 72 KV
72-360 KV
Above 360 KV

Segmentation by Application:
Power Plants and Substations
Railways and Transportation Systems
New Energy Fields
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hitachi Energy
Emek
Arteche Group
Sieyuan Electric
ITEC
RITZ
CG Power and Industrial
Trench Group
Pfiffner Group
Guangdong Sihui Instrument Transformer
Dalian Huayi Electric Power Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Oil Immersed Inductive Voltage Transformer market?

What factors are driving Oil Immersed Inductive Voltage Transformer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Oil Immersed Inductive Voltage Transformer market opportunities vary by end market size?

How does Oil Immersed Inductive Voltage Transformer break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.