Gas Insulated Transformer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global gas insulated transformer market is expected to reach USD 2.42 billion by the end of this year and is projected to register a CAGR of over 4.75% during the forecast period.
The market is negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
Key HighlightsThe gas insulated transformer market is partially fragmented. Some of the major players in the market (in no particular order) include Hyosung Heavy Industries Corp, Toshiba Corp, Shihlin Electric & Engineering Corp., Nissin Electric Co. Ltd, and Trench Group., among others
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