HOME Top Market Reports Gas Insulated Transformer Market by Type (Instrument Transformer, Others), Voltage (Medium Voltage, High Voltage, Extra High Voltage), Installation (Outdoor, Indoor), End-User (Utility, Industrial, Commercial), and Region - Global Forecast to 2023

Gas Insulated Transformer Market by Type (Instrument Transformer, Others), Voltage (Medium Voltage, High Voltage, Extra High Voltage), Installation (Outdoor, Indoor), End-User (Utility, Industrial, Commercial), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: June 2018
Report Code: EP 6338

 

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The gas insulated transformer market is expected to grow from USD 2.66 Billion in 2017 to USD 3.45 Billion by 2023, at a CAGR of 4.61%, from 2018 to 2023.  Factors such as no risk of oil leakage, space constraints in densely populated urban areas, government initiatives toward improving electrification rate, and rising electrical network expenditure are driving the gas insulated transformer market.

This report segments the gas insulated transformer market on the basis of voltage, type, installation, end user, and region. The years considered for the study are as follows:   

  • Base Year: 2017
  • Estimated Year: 2018 
  • Projected Year: 2023  
  • Forecast Period: 2018–2023

Wherever the information for the base year (2017) was not available, the year prior to it has been considered.

Objectives of Study

  • To analyze and forecast the market for gas insulated transformer (GIT) in terms of value
  • To provide detailed information on the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
  • To define, segment, and forecast the market by voltage, type, installation, and end-user
  • To forecast the market size of segments with respect to the regions, namely, North America, Asia Pacific, Europe, and Rest of the World (RoW)
  • To strategically analyze the market with respect to individual growth trends, future expansions, and contributions to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for the market leaders
  • To analyze competitive developments, such as expansions, mergers & acquisitions, new product launches, and contracts & agreements (partnerships, collaborations, alliances and joint ventures) in the gas insulated transformer market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical and commercial study of the gas insulated transformer market. Primary sources mainly include the industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, equipment manufacturing companies, and gas insulated substation providers, as well as the experts from research centers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points below explain the research methodology.

  • Study of the annual revenues and market developments of the major players that provide gas insulated transformers
  • Assessment of future trends and growth of gas insulated transformers categorized on the basis of voltage, type, installation, and end user.
  • Study of the market-related contracts and developments by the key players in the gas insulated transformer market across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product launches, supply chain, and annual revenues of companies supplying gas insulated transformer products across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of primaries conducted during the research study, based on the company type, designation, and region.

Gas Insulated Transformer Market

To know about the assumptions considered for the study, download the pdf brochure

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.

Target Audience:

The report’s target audience includes:

  • Gas Insulated Transformer manufacturers, distributors, and suppliers
  • Power generation companies
  • Industry, energy, and environmental associations
  • Raw material providers
  • Government and research organizations
  • Government and private utilities

Scope of the report:

  • By Voltage  
    • Medium Voltage (Up to 72.5 kV)
    • High Voltage (72.5 kV to 220 kV)
    • Extra High Voltage (Above 220 kV)
  • By Type
    • Instrument Transformers
    • Others
  • By Installation
    • Indoor
    • Outdoor
  • By End-User
    • Utility
    • Industrial
    • Commercial
  • By Region
    • Asia Pacific
    • Europe
    • North America
    • Rest of the World

Note: “Others” includes power and distribution transformers  Rest of the World includes the Middle East and Africa, and South America.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Country-wise analysis can be extended by one country for every region

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Segmentation
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Limitations
    2.5 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Gas Insulated Transformer Market
    4.2 Gas Insulated Transformer Market, By Type
    4.3 Gas Insulated Transformer Market, By Voltage
    4.4 Gas Insulated Transformer Market, By Installation
    4.5 Gas Insulated Transformer Market, By End-User
    4.6 Asia Pacific Gas Insulated Transformer Market, By Country and By End-User
    4.7 Gas Insulated Transformer Market, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 No Risk of Oil Leakage
                    5.2.1.2 Space Constraints in Densely Populated Urban Areas
                    5.2.1.3 Government Initiatives Toward Improving Electrification Rate
                    5.2.1.4 Rising Electrical Network Expenditure and Increasing Investments in the T&D Sector
           5.2.2 Restraints
                    5.2.2.1 Environmental Regulations Regarding the Use of Sf6
                    5.2.2.2 High Cost of Equipment
           5.2.3 Opportunities
                    5.2.3.1 Increasing Transformer Oil Theft
                    5.2.3.2 Adoption of Hvdc Technology
           5.2.4 Challenges
                    5.2.4.1 Availability of Substitutes
                    5.2.4.2 Delay in Grid Expansion Projects

6 Gas Insulated Transformer Market, By Voltage (Page No. - 43)
    6.1 Introduction
    6.2 Medium Voltage (Up to 72.5 Kv)
    6.3 High Voltage (72.5 Kv to 220 Kv)
    6.4 Extra High Voltage (Above 220 Kv)

7 Gas Insulated Transformer Market, By Type (Page No. - 47)
    7.1 Introduction
    7.2 Instrument Transformer
    7.3 Others

8 Gas Insulated Transformer Market, By Installation (Page No. - 51)
    8.1 Introduction
    8.2 Indoor
    8.3 Outdoor

9 Gas Insulated Transformer Market, By End-User (Page No. - 55)
    9.1 Introduction
    9.2 Utility
    9.3 Industrial
    9.4 Commercial

10 Gas Insulated Transformer Market, By Region (Page No. - 60)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 By Type
             10.2.2 By Installation
             10.2.3 By Voltage
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 China
                        10.2.5.2 Japan
                        10.2.5.3 Australia
                        10.2.5.4 Rest of Asia Pacific
     10.3 Europe
             10.3.1 By Type
             10.3.2 By Installation
             10.3.3 By Voltage
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 Germany
                        10.3.5.2 UK
                        10.3.5.3 Italy
                        10.3.5.4 The Rest of Europe
     10.4 North America
             10.4.1 By Type
             10.4.2 By Installation
             10.4.3 By Voltage
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 US
                        10.4.5.2 Canada
                        10.4.5.3 Mexico
     10.5 Rest of the World
             10.5.1 By Type
             10.5.2 By Installation
             10.5.3 By Voltage
             10.5.4 By End-User
             10.5.5 By Region
                        10.5.5.1 Middle East & Africa
                        10.5.5.2 South America

11 Competitive Landscape (Page No. - 92)
     11.1 Overview
     11.2 Key Players & Market Concentration
     11.3 Competitive Scenario
             11.3.1 Contracts & Agreements
             11.3.2 Expansions
             11.3.3 New Product Launches
             11.3.4 Mergers & Acquisitions

12 Company Profiles (Page No. - 98)
     12.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, and MnM View)*
     12.2 Toshiba
     12.3 Mitsubishi Electric
     12.4 Siemens
     12.5 ABB
     12.6 GE
     12.7 Arteche
     12.8 Meidensha
     12.9 Hyosung Corporation
     12.10 Fuji Electric
     12.11 Nissan Electric
     12.12 Chint Group
     12.13 Takaoka Toko Co., Ltd.
     12.14 Yangzhou Power Electric Co., Ltd.
     12.15 Kharkovenergopribor Ltd.

*Details on Business Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 129)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (69 Tables)

Table 1 Global Gas Insulated Transformer Market Snapshot
Table 2 Global Urban Population Overview, By Region - 1990, 2014, and 2050
Table 3 Global Access to Electricity, By Region (2016)
Table 4 Key Hvdc Projects By ABB
Table 5 Gas Insulated Transformer Market, By Voltage, 2016–2023 (USD Million)
Table 6 Medium Voltage: Market Size, By Region, 2016–2023 (USD Million)
Table 7 High Voltage: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Extra High Voltage: Market Size, By Region, 2016–2023 (USD Million)
Table 9 Gas Insulated Transformer Market, By Type, 2016–2023 (USD Million)
Table 10 Instrument Transformer: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Others: Market Size, By Region, 2016–2023 (USD Million)
Table 12 Gas Insulated Transformer Market, By Installation, 2016–2023 (USD Million)
Table 13 Indoor: Market Size, By Region, 2016–2023 (USD Million)
Table 14 Outdoor: Market Size, By Region, 2016–2023 (USD Million)
Table 15 Market, By End-User, 2016–2023 (USD Million)
Table 16 Utility: Market Size, By Region, 2016–2023 (USD Million)
Table 17 Industrial: Market Size, By Region, 2016–2023 (USD Million)
Table 18 Commercial: Market Size, By Region, 2016–2023 (USD Million)
Table 19 Gas Insulated Transformer Market Size, By Region, 2016–2023 (USD Million)
Table 20 Asia Pacific: Market Size, By Type, 2016–2023 (USD Million)
Table 21 Asia Pacific: Market Size, By Installation, 2016–2023 (USD Million)
Table 22 Asia Pacific: Market Size, By Voltage, 2016–2023 (USD Million)
Table 23 Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 24 Utility: Asia Pacific Market Size, By Country, 2016–2023 (USD Million)
Table 25 Industrial: Asia Pacific Market Size, By Country, 2016–2023 (USD Million)
Table 26 Commercial: Asia Pacific Market Size, By Country, 2016–2023 (USD Million)
Table 27 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 28 China: Market Size, By End-User, 2016–2023 (USD Million)
Table 29 Japan: Market Size, By End-User, 2016–2023 (USD Million)
Table 30 Australia: Market Size, By End-User, 2016–2023 (USD Million)
Table 31 Rest of Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 32 Europe: Market Size, By Type, 2016–2023 (USD Million)
Table 33 Europe: Market Size, By Installation, 2016–2023 (USD Million)
Table 34 Europe: Market Size, By Voltage, 2016–2023 (USD Million)
Table 35 Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Utility: Europe Market Size, By Country, 2016–2023 (USD Million)
Table 37 Industrial: Europe Market Size, By Country, 2016–2023 (USD Million)
Table 38 Commercial: Europe Market Size, By Country, 2016–2023 (USD Million)
Table 39 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 40 Germany: Market Size, By End-User, 2016–2023 (USD Million)
Table 41 UK: Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Italy: Market Size, By End-User, 2016–2023 (USD Million)
Table 43 The Rest of Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 44 North America: Market Size, By Type, 2016–2023 (USD Million)
Table 45 North America: Market Size, By Installation, 2016–2023 (USD Million)
Table 46 North America: Market Size, By Voltage, 2016–2023 (USD Million)
Table 47 North America: Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Utility: North America Market Size, By Country, 2016–2023 (USD Million)
Table 49 Industrial: North America Market Size, By Country, 2016–2023 (USD Million)
Table 50 Commercial: North America Market Size, By Country, 2016–2023 (USD Million)
Table 51 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 52 US: Market Size, By End-User, 2016–2023 (USD Million)
Table 53 Canada: Market Size, By End-User, 2016–2023 (USD Million)
Table 54 Mexico: Market Size, By End-User, 2016–2023 (USD Million)
Table 55 Rest of the World: Market Size, By Type, 2016–2023 (USD Million)
Table 56 Rest of the World: Market Size, By Installation, 2016–2023 (USD Million)
Table 57 Rest of the World: Market Size, By Voltage, 2016–2023 (USD Million)
Table 58 Rest of the World: Market Size, By End-User, 2016–2023 (USD Million)
Table 59 Utility: Rest of the World Market Size, By Region, 2016–2023 (USD Million)
Table 60 Industrial: Rest of the World Market Size, By Region, 2016–2023 (USD Million)
Table 61 Commercial: Rest of the World Market Size, By Region, 2016–2023 (USD Million)
Table 62 Rest of the World: Market Size, By Region, 2016–2023 (USD Million)
Table 63 Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 64 South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 65 Ge Was the Most Active Market Player, January 2014–April 2018
Table 66 Contracts & Agreements, January 2014–April 2018
Table 67 Expansions, January 2014–April 2018
Table 68 New Product Launches, January 2014–April 2018
Table 69 Mergers & Acquisitions, January 2014–April 2018


List of Figures (43 Figures)

Figure 1 Market Segmentation: Gas Insulated Transformer Market
Figure 2 Gas Insulated Transformer Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions
Figure 7 Extra High Voltage Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Instrument Transformer Segment is Expected to Dominate the Gas Insulated Transformer Market in 2018
Figure 9 Outdoor Segment is Expected to Dominate the Gas Insulated Transformer Market From 2018 to 2023
Figure 10 Utility Segment is Expected to Grow at the Fastest Rate in the Gas Insulated Transformer Market During the Forecast Period
Figure 11 Asia Pacific Dominated the Gas Insulated Transformer Market in 2017
Figure 12 Space Constraints in Densely Populated Urban Areas is Expected to Drive the Gas Insulated Transformer Market, 2018–2023
Figure 13 The Instrument Transformer Segment is Expected to Dominate the Gas Insulated Transformer Market During the Forecast Period
Figure 14 The Extra High Voltage Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 15 Outdoor Segment Dominated the Market in 2017 While Asia Pacific Dominated the Outdoor Segment
Figure 16 Utility Segment to Grow at the Highest Rate During the Forecast Period
Figure 17 China Accounted for the Largest Share of the Asia Pacific Gas Insulated Transformer Market in 2017
Figure 18 Asia Pacific Market to Grow at the Highest Rate During the Forecast Period in the Global Gas Insulated Transformer Market
Figure 19 Rising Electrical Network Expenditure to Drive the Gas Insulated Transformer Market
Figure 20 Growing Urbanization Trend, 1950–2050
Figure 21 Electrical Network Expenditure, By Region (%)
Figure 22 The Medium Voltage Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 23 The Instrument Gas Insulated Transformer Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 24 The Indoor Installation Segment is Expected to Have the Highest Growth During the Forecast Period
Figure 25 Asia Pacific is the Fastest Growing Region in Indoor Installation Gas Insulated Transformer Market Segment, 2018–2023
Figure 26 The Utility End-User Segment is Expected to Account for the Largest Market Share, 2018–2023
Figure 27 Asia Pacific Dominated the Gas Insulated Transformer Market in 2017
Figure 28 Gas Insulated Transformer Market Size, By Region, 2018–2023 (USD Million)
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Europe: Market Snapshot
Figure 31 Key Developments in the Gas Insulated Transformer Market, January 2014–April 2018
Figure 32 Key Players & Market Concentration, 2016
Figure 33 Toshiba: Company Snapshot
Figure 34 Mitsubishi Electric: Company Snapshot
Figure 35 Siemens: Company Snapshot
Figure 36 ABB: Company Snapshot
Figure 37 GE: Company Snapshot
Figure 38 Arteche: Company Snapshot
Figure 39 Meidensha: Company Snapshot
Figure 40 Hyosung Corporation: Company Snapshot
Figure 41 Fuji Electric: Company Snapshot
Figure 42 Nissin Electric: Company Snapshot
Figure 43 Takaoka Toko Co., Ltd.: Company Snapshot

The gas insulated transformer market is projected 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 compact in size and has no risk of oil leakage. These features has resulted in increasing demand of gas insulated transformers. The other factors such as rising electrical infrastructure investments and initiatives to improve electrification rate are further driving the gas insulated transformer market during the forecast period.

The report further segments the gas insulated transformer market based on voltage into medium, high, and extra high voltage. The extra high voltage segment is expected to be the fastest growing market during the forecast period. The market for this segment is primarily driven by the rapidly ongoing improvements in the T&D sector through the implementation of smart grid and smart metering technology. The medium voltage segment is projected to the largest market for gas insulated transformers during the forecast period. The medium voltage transformers offer electrical protection against overload currents, insulation failure, and emergency switching for the residential, industrial and commercial infrastructure.

The global gas insulated transformer market based on type has been segmented into instrument transformers and others. Other types of transformers include power and distribution transformers. Instrument transformers are expected to hold a larger share of the market, and is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing emphasis on renewable energy generation and rising smart grid investments globally.

On the basis of installation, the gas insulated transformer market has been segmented into indoor and outdoor. The indoor installation is expected to be the fastest growing segment during the forecast period. Gas insulated transformers are preferred for installations in underground and indoor substations in urban areas due to their compact design. The construction of outdoor gas insulated transformers’ enclosure is aimed at protecting the apparatus from harsh environmental conditions, including possible contamination. Owing to such construction, these transformers are preferred for the transmission and distribution of electricity over a long distance.

The gas insulated transformer market has been segmented on the basis of end user into utility, commercial, and industrial. The utility segment is expected to account for the largest share of the gas insulated transformer market during the forecast period. The predicted growth of the market for this segment during the forecast years is attributed to the growing demand for reliable power supply and increasing investments in the power infrastructure. The growth of the commercial sector is driven by the rapid urbanization and the development of commercial trade hubs. The urbanization and increasing number of commercial trade hubs seeking for the options to curb operating expenses are expected to boost the growth of the gas insulated transformer market for the commercial sector.

In this report, the gas insulated transformer market has been analyzed with respect to 4 major regions Asia Pacific, North America, Europe, and Rest of the World. Rest of the World includes South America, and the Middle East and Africa. Asia Pacific is expected to dominate the gas insulated transformer market during the forecast period owing to the rise in investments in smart grid technologies and smart cities, along with the increase in the number of data centers, with a surge in IT hubs and commercial institutions. The countries such as China, Malaysia, Thailand, and Indonesia are increasing their power generation capacities to meet the elevating power demand. Europe is expected to be the second-largest region in the gas insulated transformer market owing to various government initiatives; for instance, the European Union (EU) has proposed a 20:20:20 plan that aims at reducing the greenhouse gas emissions, which, in turn, attracts its focus on renewable energy, further driving investments in the grid infrastructure.

Gas Insulated Transformer Market

The environmental regulations regarding the use of SF6 and high cost of equipment are major factors restraining the growth of the gas insulated transformer market. Some of the leading players in the gas insulated transformer market include ABB (Switzerland), GE (US), Mitsubishi Electric (Japan), Siemens (Germany), Toshiba (Japan), and Arteche (Spain). These players have adopted growth strategies such as product launches, contracts and agreements, mergers and acquisitions, and expansions to capture a larger share in the gas insulated transformer market.

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