Market Overview:
The global gas-insulated transformer (GIT) market is expected to grow from USD 2.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 5.1% from 2018 to 2030. The growth of the GIT market can be attributed to the increasing demand for electricity and rising concerns about environment safety. Moreover, the growing industrialization and urbanization in developing countries are also fueling the growth of the GIT market.
Product Definition:
A gas-insulated transformer (GIT) is a type of high-voltage transformer where the insulation between the primary and secondary windings is air, or an air/gas mixture. They are used in various applications such as power transmission, distribution, and railway electrification. The use of GITs can result in smaller footprints, lighter weight, lower cost and better reliability than traditional oil-filled transformers.
Full-insulated Transformers:
Full-insulated transformers are a special type of transformer, which is used to step up or step down the voltage levels. They have an additional internal metalized insulation layer, which helps in preventing the flow of electric current through the windings and hence avoid heating up. This factor makes it suitable for usage in gas insulated transformers (GIT).
Semi-insulated Transformers:
Semi-insulated transformers are used in gas-insulated transformers to provide short circuit resistance and heat removal capacity. They can be used as primary or secondary power transformer in power plants, chemical industries, refineries and other applications where high voltage is required but low current flow rate is possible.
Increasing demand for higher voltage with lower current flow capacity has been a major factor driving the growth of semi-insulated transformer market over the past few years.
Application Insights:
The power plant use segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing need for gas-insulated transformers in power plants, owing to its ability to prevent electricity loss due to heat loss is expected fuel product demand from 2018 to 2030.
Increasing investments by governments across various countries in order to boost their manufacturing sectors are likely drive industrial application demand over the forecast period. In addition, increasing adoption of GITs as an alternative solution compared with oil-filled transformers due largely less insulation resistance and higher thermal conductivity makes it more suitable for industrial applications is further anticipated drive industry growth over the coming years.
Growing number of projects related towards enhancing transmission & distribution infrastructure across several regions coupled with favorable government policies aimed at promoting domestic consumption are expected fuel other application development activities globally which include commercial buildings, public utility facilities.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing demand for gas-insulated transformers due to increasing investments in power generation, industrialization, and other applications. China is projected to be one of the major contributors towards regional growth owing to rapid urbanization along with an increase in energy consumption across various industries including steel, cement, petrochemicals among others.
Europe was estimated at USD X million in 2017 and is anticipated to witness significant growth over the forecast period owing to rising demand from several end-use sectors such as oil & gas industry, power generation etc. In Europe countries like Germany have shown keen interest on procurement of these transformers on account of their superior quality coupled with high efficiency rating which makes them suitable for both indoor as well as outdoor usage conditions thereby boosting product sales across this region significantly.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent environmental regulations for emissions from power plants
- Investment in smart grid infrastructure worldwide
- Proliferation of renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas-insulated Transformers Market Research Report
By Type
Full-insulated Transformers, Semi-insulated Transformers
By Application
Power Plant Use, Industrial Use, Other
By Companies
Siemens, ABB, GE, Hitachi, Schneider, Mitsubishi, Toshiba, XD Group, TBEA, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Gas-insulated Transformers Market Report Segments:
The global Gas-insulated Transformers market is segmented on the basis of:
Types
Full-insulated Transformers, Semi-insulated Transformers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Plant Use, Industrial Use, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- ABB
- GE
- Hitachi
- Schneider
- Mitsubishi
- Toshiba
- XD Group
- TBEA
- Siemens
Highlights of The Gas-insulated Transformers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full-insulated Transformers
- Semi-insulated Transformers
- By Application:
- Power Plant Use
- Industrial Use
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gas-insulated Transformers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gas-insulated Transformers are transformers that use gas as insulation. This is different from traditional transformers, which use oil or other types of insulation.
Some of the major companies in the gas-insulated transformers market are Siemens, ABB, GE, Hitachi, Schneider, Mitsubishi, Toshiba, XD Group, TBEA, Siemens.
The gas-insulated transformers market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas-insulated Transformers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas-insulated Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas-insulated Transformers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas-insulated Transformers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas-insulated Transformers Market Size & Forecast, 2020-2028
4.5.1 Gas-insulated Transformers Market Size and Y-o-Y Growth
4.5.2 Gas-insulated Transformers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Full-insulated Transformers
5.2.2 Semi-insulated Transformers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Plant Use
6.2.2 Industrial Use
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas-insulated Transformers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas-insulated Transformers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Full-insulated Transformers
9.6.2 Semi-insulated Transformers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Plant Use
9.10.2 Industrial Use
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Full-insulated Transformers
10.6.2 Semi-insulated Transformers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Plant Use
10.10.2 Industrial Use
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Full-insulated Transformers
11.6.2 Semi-insulated Transformers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Plant Use
11.10.2 Industrial Use
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Full-insulated Transformers
12.6.2 Semi-insulated Transformers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Plant Use
12.10.2 Industrial Use
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Full-insulated Transformers
13.6.2 Semi-insulated Transformers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Plant Use
13.10.2 Industrial Use
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas-insulated Transformers Market: Competitive Dashboard
14.2 Global Gas-insulated Transformers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 ABB
14.3.3 GE
14.3.4 Hitachi
14.3.5 Schneider
14.3.6 Mitsubishi
14.3.7 Toshiba
14.3.8 XD Group
14.3.9 TBEA
14.3.10 Siemens
