A gas-insulated transformer uses a gas known as sulphur hexafluoride, SF6 as the insulating and cooling medium for the transformer. Market Research Future (MRFR) has published and released a research report about the Global Gas-Insulated Transformer Market that expects gains for this market at 5.23% CAGR (Compound Annual Growth Rate) during the forecast period between 2018 and 2023.
The pressing factors supportive of the global gas-insulated transformer market growth are the environment-friendliness, non-explosive nature, and non-flammable nature of these transformers. The use of gas insulated transformer eliminates the need for the conservator, monitoring oil strength, and lastly, and need for replacement. Another factor leading to market growth covers various government initiatives for infrastructure development, encouraging the use of such transformers.
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Latest Industry News
Siemens has successfully developed a mobile substation via natural ester oil used at its plant in Wuhan, China. This station has gas-insulated transformers.
Hitachi, Ltd. has acquired the power grids business from ABB Ltd. and has signed an agreement with ABB.
GE Power’s Grid Solutions business and the TransnetBW, a transmission system operator, have signed a contract to develop a turnkey solution to build a 380 kV substation in Eichstetten, Baden-Württemburg.
Siemens has completed two substations, Samanoud and Aboul Matameer in Egypt that was built to transmit electricity from the Burullus power plant to the national grid. These stations include gas-insulated transformers.
Scope of the Report
This report provides an in-depth analysis of the global gas insulated transformer market, tracking five market segments across four geographic regions. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Gas Insulated Transformer market by Its Type, Voltage Rating, Installation, Type Of Cooling, End-User and by Region.
- By Type
- Instrument Transformer
- By Voltage Rating
- Medium Voltage
- High Voltage
- Extra High Voltage
- By Installation
- By Type of Cooling
- Gas Directed Air Natural Cooling
- Gas Directed Air Forced Cooling
- Gas Directed Water Forced Cooling
- By End-User
- By Regions
- North America
- Rest of the World
The Regional segmentation of the Global Gas-Insulated Transformer Market has segmented the market into regional markets known as Asia Pacific, Europe, North America, and the rest of the world (RoW). The Asia Pacific is the most valuable regional market. During the forecast period, the Asia Pacific region is expected to dominate the global market due to the increasing integration of renewable energy-based power system and the rising adoption of renewable energy. Other factors assisting the market growth are the allocation of funds from the government and the rising infrastructural development plans. The eminent country-specific markets in this region are India, China, and Japan, followed by the remaining countries of the Asia Pacific region.
Europe is the second biggest as well as the fastest growing regional market due to the increased funds and grid expansion projects. However, during the forecast period, the Asia Pacific region has been estimated to grow at the highest rate. The considerable country-specific markets in this region are France, Germany, Italy, and the UK, followed by the remaining countries of Europe.
North America is another important regional market due to technological advancement and government initiatives favorable to the market. The leading country-specific markets in this region are USA and Canada.
The key players in the Global Gas-Insulated Transformer Market include ABB Ltd. (Switzerland), Arteche (Spain), Chint Group (China), Fuji Electric Co. Ltd. (Japan), General Electric (USA), Meidensha Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Takaoka Toko Co., Ltd (Japan), and Toshiba Corporation (Japan).
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