1. Market Research
  2. > Manufacturing
  3. > Electrical Equipment Market Trends
Gas Insulated Transformer Market by Type, Voltage, Installation, End-User And Region - Global Forecast to 2023

Gas Insulated Transformer Market by Type, Voltage, Installation, End-User And Region - Global Forecast to 2023

  • June 2018
  • 139 pages
  • ID: 5436925
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

The gas insulated transformer market is expected to grow at a CAGR of 4.61% from 2018 to 2023
The gas insulated transformer market is expected to grow from USD 2.75 billion in 2018 to USD 3.45 billion by 2023, at a CAGR of 4.61%. Gas insulated transformers are oil-free, nonflammable, and nonexplosive. These transformers use SF6 gas as the cooling and insulating medium, and are preferred over oil transformers during installations next to water bodies. Factors such as low spatial requirements, no risk of oil leakage, and compact size are driving the gas insulated transformer market. Asia Pacific and Europe are expected to hold large markets for gas insulated transformers during the forecast period. Urbanization requires the development of infrastructure and reliable power transmission and distribution networks. North America and Europe are the most urbanized regions, while Asia Pacific is expected to continue to witness increasing urbanization during the forecast period. The ongoing urbanization and increasing emphasis on renewable energy sources all over the world drive the gas insulated transformer market. Environmental regulations regarding the use of SF6 and high cost of equipment restrain the growth of the market.

The gas insulated transformer market for the utility segment is expected to grow at the highest CAGR during the forecast period
The utility segment is expected to be the fastest-growing market for gas insulated transformers during the forecast period.The growth of the market for this segment is attributed to the rise in urbanization, which has led to the increase in investments in the power infrastructure, and the growing demand for reliable power supply.

The increase in demand for reliable power supply is expected to lead to the development in the transmission and distribution infrastructure, which, in turn, increases the demand for gas insulated substations and installation of gas insulated transformer.

The medium voltage transformers segment is expected to hold the largest share of the gas insulated transformer market during the forecast period
The medium voltage transformers segment would dominate the gas insulated transformer market, with the largest market size, during the forecast period.The gas insulated transformers with medium voltage are mostly installed at commercial, and industrial places due to their compact size and non-explosive nature.

The increasing development of commercial facilities accentuates the need for power quality equipment such as gas insulated transformers, thereby driving growth in medium voltage segment.

The gas insulated transformer market in Asia Pacific would grow at the highest CAGR during the forecast period
Asia Pacific is expected to hold the largest share of the global gas insulated transformer market by 2018, and this trend is projected to continue till 2023.The market in this region is expected to witness the highest CAGR with the countries such as China, Japan, and India actively investing in their grid expansion projects to increase the reliability of transmission and distribution grids.

Asia Pacific is the most populated region in the world and consequently witnesses high demand for electricity.Almost all the countries in the region are augmenting their power generation capacities.

India, China, and Indonesia are heavily investing in renewable energy projects, especially in hydroelectric power projects. This has subsequently led to the rise in investments in the transmission and distribution sector to connect the renewable energy generation projects to grids, which is expected to fuel the growth of the gas insulated transformer market in Asia Pacific.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 60%, Tier 23%, Tier 17%
• By Designation: D-Level – 35%, Manager-Level – 25%, Others – 40%
• By Region: Asia Pacific – 35%, North America – 30%, The Middle East – 28%, and Rest of the world – 7%

Note: “Others” includes product specialist, consultant and engineers. The 3 tiers of the companies are defined on the basis of their total revenues as of 2017; Tier 1 = >USD 5 billion, Tier 2 = USD 1–5 billion, and Tier 3 =
Key players in the gas insulated transformer market are ABB (Switzerland), GE (US), Mitsubishi Electric (Japan), Siemens (Germany), Toshiba (Japan), and Arteche (Spain), among others.

Research Coverage:
The report provides a detailed analysis of the gas insulated transformer market across various regions.It aims at estimating the market size and future growth potential of the market based on voltage, type, installation, end user, and region.

Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
The market has been segmented on the basis of voltage, type, installation, end user, and region, with a focus on industry analysis (industry trends). The report also consists of the market ranking analysis of the top players and their company profiles, which together comprise and determine the competitive landscape, emerging and high-growth segments in the gas insulated transformer market.

The report provides insights on the following pointers:
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the gas insulated transformer market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the gas insulated transformer market across the major regions
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global gas insulated transformer market

Why Buy this Report?
1. The report identifies and addresses key markets for the implementation of a gas insulated transformers by various end users, which would help manufacturers review the growth in demand.
2. The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges for the market growth.
3. The report would help key players to better understand the strategies of their competitors and make strategic decisions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2018

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on