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Air Insulated Transformer Market Trends

Report ID: GMI9032
Published Date: Apr 2024
Report Format: PDF

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Air Insulated Transformer Market Trends

Throughout 2021, industry experts and political leaders in the United States engaged in ongoing discussions regarding infrastructure investment, rehabilitation, and development. America's infrastructure challenges were prominently featured in the State of the Union Address, highlighting the imperative for increased investment. A bipartisan plan was proposed to support the renovation and enhancement of the nation's infrastructure, with the primary objective of generating employment opportunities nationwide.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market valuation of the air insulated transformer was reached USD 4.6 billion in 2023 and is estimated to grow at over 6% CAGR from 2024 to 2032, driven by operational scope, network attributes, customer base, and ownership arrangements.

The auto transformer segment in the air insulated transformer industry is set to reach USD 3.2 billion by 2032, owing to enhanced transformation capabilities and operational adaptability.

Asia Pacific air insulated transformer market is projected to exceed USD 1.5 billion by 2032, propelled by increasing electricity demand in developing nation.

ABB, ARTECHE, Celme S.r.l., CG Power & Industrial Solutions Ltd., DAIHEN Corporation, Eaton, Elsewedy Electric, General Electric, Hyosung Heavy Industries, IMEFY GROUP, Kirloskar Electric Company, Mitsubishi Electric Corporation, Ormazabal, Pfiffner Group, Schneider Electric and others.