Gas Insulated Transformer Market
Gas Insulated Transformer - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Gas Insulated Transformer Market is accounted for $3.03 billion in 2019 and is expected to reach $5.09 billion by 2027 growing at a CAGR of 6.7% during the forecast period. Some of the key factors propelling the market growth include rising electrical network expenditure, increase in initiatives to improve electrification rate, growth in adoption of technologically advanced products, and increasing investments in the T&D sector. However, environmental regulations regarding the use of Sf6 and high cost of equipment are likely to hamper the market.
A gas insulated transformer is a non-explosive, non-flammable, and oil-free transformer. Gas insulated transformers operate on SF6 gas as a medium for cooling and insulation. When compared to oil transformers, these transformers are preferred for installations close to water sources. Various properties of the gas insulated transformers, such as no oil leakage risk, compact size, low spatial conditions, etc., are contributing to the increased popularity of the product.
By product type, the instrument transformers segment is anticipated to grow at the significant rate during the forecast period, due to the refurbishment of aging power infrastructure and huge investments in smart grids and energy systems. Instrument transformers are electrical machines that use the electromagnetic properties of alternating currents and ferromagnetic materials to produce voltage and current at different levels from those received as input. They are mainly used for measuring, protecting, and controlling circuits in substations and switchyards.
On the basis of geography, Asia Pacific region is expected to have considerable market growth 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.
Some of the key players in Gas Insulated Transformer Market include ABB, GE, Arteche, Fuji Electric, Nissan Electric, Chint Group, Global Solid State Transformer Market, Toshiba, Mitsubishi Electric, Siemens, Takaoka Toko Co., Ltd., Yangzhou Power Electric Co., Ltd., Kharkovenergopribor Ltd., Meidensha, Hyosung Corporation, and Pascal Group of Companies.
Product Types Covered:
• Instrument Transformers
• Distribution Transformers
• Power Transformers
• Evaporative Cooling Gas Insulated Transformer
• SF6 Gas Insulated Transformer
Voltage Covered:
• High Voltage (72.5 kV to 220 kV)
• Medium Voltage (Up to 72.5 kV)
• Extra High Voltage (Above 220 kV)
Installations Covered:
• Outdoor
• Indoor
Transformer Types Covered:
• Three-phase
• Poly-phase
• One/Two-phase
Cooling Types Covered:
• Gas Directed Air Forced Cooling
• Gas Directed Water Forced Cooling
• Gas Directed Air Natural Cooling
Types Covered:
• Full-insulated Transformers
• Semi-insulated Transformers
End Users Covered:
• Industrial
• Commercial
• Utility
• Non-utility
• Power Plant Use
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Gas Insulated Transformer Market, By Product Type
5.1 Introduction
5.2 Instrument Transformers
5.3 Distribution Transformers
5.4 Power Transformers
5.5 Evaporative Cooling Gas Insulated Transformer
5.6 SF6 Gas Insulated Transformer
6 Global Gas Insulated Transformer Market, By Voltage
6.1 Introduction
6.2 High Voltage (72.5 kV to 220 kV)
6.3 Medium Voltage (Up to 72.5 kV)
6.4 Extra High Voltage (Above 220 kV)
7 Global Gas Insulated Transformer Market, By Installation
7.1 Introduction
7.2 Outdoor
7.3 Indoor
8 Global Gas Insulated Transformer Market, By Transformer Type
8.1 Introduction
8.2 Three-phase
8.3 Poly-phase
8.4 One/Two-phase
9 Global Gas Insulated Transformer Market, By Cooling Type
9.1 Introduction
9.2 Gas Directed Air Forced Cooling
9.3 Gas Directed Water Forced Cooling
9.4 Gas Directed Air Natural Cooling
10 Global Gas Insulated Transformer Market, By Type
10.1 Introduction
10.2 Full-insulated Transformers
10.3 Semi-insulated Transformers
11 Global Gas Insulated Transformer Market, By End User
11.1 Introduction
11.2 Industrial
11.3 Commercial
11.4 Utility
11.5 Non-utility
11.6 Power Plant Use
12 Global Gas Insulated Transformer Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 ABB
14.2 GE
14.3 Arteche
14.4 Fuji Electric
14.5 Nissan Electric
14.6 Chint Group
14.7 Toshiba
14.8 Mitsubishi Electric
14.9 Siemens
14.10 Takaoka Toko Co., Ltd.
14.11 Yangzhou Power Electric Co., Ltd.
14.12 Kharkovenergopribor Ltd.
14.13 Meidensha
14.14 Hyosung Corporation
14.15 Pascal Group of Companies
List of Tables
1 Global Gas Insulated Transformer Market Outlook, By Region (2018-2027) ($MN)
2 Global Gas Insulated Transformer Market Outlook, By Product Type (2018-2027) ($MN)
3 Global Gas Insulated Transformer Market Outlook, By Instrument Transformers (2018-2027) ($MN)
4 Global Gas Insulated Transformer Market Outlook, By Distribution Transformers (2018-2027) ($MN)
5 Global Gas Insulated Transformer Market Outlook, By Power Transformers (2018-2027) ($MN)
6 Global Gas Insulated Transformer Market Outlook, By Evaporative Cooling Gas Insulated Transformer (2018-2027) ($MN)
7 Global Gas Insulated Transformer Market Outlook, By SF6 Gas Insulated Transformer (2018-2027) ($MN)
8 Global Gas Insulated Transformer Market Outlook, By Voltage (2018-2027) ($MN)
9 Global Gas Insulated Transformer Market Outlook, By High Voltage (72.5 kV to 220 kV) (2018-2027) ($MN)
10 Global Gas Insulated Transformer Market Outlook, By Medium Voltage (Up to 72.5 kV) (2018-2027) ($MN)
11 Global Gas Insulated Transformer Market Outlook, By Extra High Voltage (Above 220 kV) (2018-2027) ($MN)
12 Global Gas Insulated Transformer Market Outlook, By Installation (2018-2027) ($MN)
13 Global Gas Insulated Transformer Market Outlook, By Outdoor (2018-2027) ($MN)
14 Global Gas Insulated Transformer Market Outlook, By Indoor (2018-2027) ($MN)
15 Global Gas Insulated Transformer Market Outlook, By Transformer Type (2018-2027) ($MN)
16 Global Gas Insulated Transformer Market Outlook, By Three-phase (2018-2027) ($MN)
17 Global Gas Insulated Transformer Market Outlook, By Poly-phase (2018-2027) ($MN)
18 Global Gas Insulated Transformer Market Outlook, By One/Two-phase (2018-2027) ($MN)
19 Global Gas Insulated Transformer Market Outlook, By Cooling Type (2018-2027) ($MN)
20 Global Gas Insulated Transformer Market Outlook, By Gas Directed Air Forced Cooling (2018-2027) ($MN)
21 Global Gas Insulated Transformer Market Outlook, By Gas Directed Water Forced Cooling (2018-2027) ($MN)
22 Global Gas Insulated Transformer Market Outlook, By Gas Directed Air Natural Cooling (2018-2027) ($MN)
23 Global Gas Insulated Transformer Market Outlook, By Type (2018-2027) ($MN)
24 Global Gas Insulated Transformer Market Outlook, By Full-insulated Transformers (2018-2027) ($MN)
25 Global Gas Insulated Transformer Market Outlook, By Semi-insulated Transformers (2018-2027) ($MN)
26 Global Gas Insulated Transformer Market Outlook, By End User (2018-2027) ($MN)
27 Global Gas Insulated Transformer Market Outlook, By Industrial (2018-2027) ($MN)
28 Global Gas Insulated Transformer Market Outlook, By Commercial (2018-2027) ($MN)
29 Global Gas Insulated Transformer Market Outlook, By Utility (2018-2027) ($MN)
30 Global Gas Insulated Transformer Market Outlook, By Non-utility (2018-2027) ($MN)
31 Global Gas Insulated Transformer Market Outlook, By Power Plant Use (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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