The Gas Insulated Transformer Market size is estimated at USD 2.64 billion in 2024, and is expected to reach USD 3.33 billion by 2029, growing at a CAGR of 4.75% during the forecast period (2024-2029).
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
The 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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