Gas Insulated Transformer Market

The transformer gas relay in a defensive device fixed on the top of oil-filled transformers. It conducts two functions. It identifies the slow accumulation of gases, offering an alarm prior to a given quantity of gas that has been gathered.

Market Dynamics:

Further, in recent years, many regions, such as China and India, changed their aim from new transmission toward upgrading rural power grids and construction of distribution networks. For example, in January 2022, the officials of India granted Green Energy Corridor (GEC) Phase–II. It will facilitate grid integration and power evacuation of around 20 GW of renewable energy (RE) power projects in seven states. The increasing interest in the offshore wind-power sector in the emerging regions, after the government's persistent target and the upcoming offshore wind projects, is anticipated to provide notable opportunities for the gas-insulated transformers (GITs) in the upcoming future.

On Contrary, various health and safety companies, such as Occupational Safety and Health Organization (OSHA), issue warnings about the formation of toxic compounds from the electrical discharge of SF6 gas. In February 2022, the German Social Accident Insurance (DGUV) published a document with instructions and data regarding occupational health and safety of work tasks conducted in the sulphur hexafluoride (SF6) plants, systems, and particularly for SF6 in gas insulated transformer devices.

Key features of the study:

• This report provides in-depth analysis of the global gas insulated transformer market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global gas insulated transformer market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Major players in the global gas insulated transformer market are Nissin Electric Co. Ltd. , Arteche Group, Hyosung Heavy Industries Corp., Meidensha Corp., Mitsubishi Electric Corporation, Trench Group, Chint Group, Toshiba Corp., Takaoka Toko Co. Ltd and Shihlin Electric & Engineering Corp
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global gas insulated transformer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global gas insulated transformer market

Detailed Segmentation:

• Global Gas Insulated Transformer Market, By Voltage:
  • Low Voltage (Up to 72.5 KV)
  • Medium Voltage (72.5 KV - 220 KV)
  • High Voltage (Above 220 KV)
• Global Gas Insulated Transformer Market, By Installation:
  • INDOOR
  • OUTDOOR
• Global Gas Insulated Transformer Market, By End User:
  • Industrial
  • Commercial
  • Utility
• Global Gas Insulated Transformer Market, By Geography:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Nissin Electric Co. Ltd
  • Arteche Group
  • Hyosung Heavy Industries Corp.
  • Meidensha Corp.
  • Mitsubishi Electric Corporation
  • Trench Group
  • Chint Group
  • Toshiba Corp.
  • Takaoka Toko Co. Ltd
  • Shihlin Electric & Engineering Corp.