Utility Scale Air Insulated Transformer Market Size - By Winding (Two Winding, Auto Transformer), By Rating (≤ 10 MVA, > 10 MVA to ≤ 100 MVA, > 100 MVA to ≤ 600 MVA, > 600 MVA), Regional Outlook & Forecast, 2024 – 2032

Utility Scale Air Insulated Transformer Market Size

Utility Scale Air Insulated Transformer Market was valued at USD 1.84 billion in 2023 and is set to grow at a CAGR of 4.9% from 2024 to 2032. The rapid expansion of renewable energy sources, such as wind and solar, is driving the demand for utility-scale air-insulated transformers. These transformers are crucial for integrating renewable energy into the grid, stepping up or down voltage levels to match the grid's requirements. As grids incorporate more variable renewable energy, the need for stable and flexible grid infrastructure grows. Air-insulated transformers, known for their reliability and safety, are increasingly favoured in renewable energy projects.
 

With increasing urbanization, the demand for reliable and compact electrical infrastructure is rising. Air-insulated transformers, which are more compact and safer to operate compared to oil-insulated transformers, are becoming the preferred choice for urban and densely populated areas. The ongoing development of smart grids is creating opportunities for air-insulated transformers, which can be easily integrated with digital monitoring and control systems, enhancing grid efficiency and reliability.
 

Utility Scale Air Insulated Transformer Market Trends

Air-insulated transformers are preferred in environments where fire safety is a concern, such as in densely populated urban areas, industrial sites, and renewable energy installations. Unlike oil-insulated transformers, air-insulated versions eliminate the risk of oil leaks and fires. With growing environmental awareness and stringent regulations, the industry is shifting towards solutions with lower environmental impact. Air-insulated transformers, which do not use oil as a cooling medium, are seen as more environmentally friendly and are gaining popularity in regions with strict environmental regulations. Ongoing advancements in transformer technology, including better insulation materials and cooling techniques, are enhancing the efficiency and performance of air-insulated transformers. These improvements are making them more competitive with traditional oil-insulated transformers.
 

Utility Scale Air Insulated Transformer Market Analysis

Based on winding, the two winding segment is anticipated to surpass USD 1.3 billion by 2032. As renewable energy sources like wind and solar become more prevalent, two-winding air-insulated transformers are increasingly being used to step up or step-down voltage for grid integration. These transformers are ideal for handling the variability and specific voltage requirements of renewable energy installations.
 

The > 600 MVA rating segment is projected to grow at a CAGR of over 6.1% through 2032. The shift towards renewable energy, particularly in wind and solar farms, is driving the demand for high-capacity transformers. 600 MVA air-insulated transformers are becoming increasingly important in these projects, where they are used to connect renewable energy to the grid at the required voltage levels. These transformers help ensure the stability and reliability of the grid as it accommodates intermittent renewable energy sources.
 

Asia Pacific utility scale air insulated transformer market is expected to reach more than USD 650 million by 2032. The Asia-Pacific region is experiencing rapid urbanization, leading to significant investments in electrical infrastructure. Utility-scale air-insulated transformers are being deployed to support the expansion of urban grids, ensuring reliable electricity supply in densely populated areas. Countries like China, India, and Japan are investing in smart city projects, which require advanced and reliable electrical infrastructure. Air-insulated transformers are favoured in these projects due to their safety, efficiency, and ability to integrate with smart grid technologies.
 

The U.S. electrical grid is aging, with many components nearing the end of their operational life. There is a strong push to modernize this infrastructure, and utility-scale air-insulated transformers are increasingly being deployed as part of these upgrades. These transformers offer enhanced reliability and safety, which are critical for modern grid operations.
 

Utility Scale Air Insulated Transformer Market Share

Leading companies such as General Electric, Eaton, ABB, and Schneider Electric dominate the utility-scale air-insulated transformer market, leveraging their extensive industry expertise and well-established reputations. Their long-standing presence fosters confidence in the reliability and quality of their products. These companies place a strong emphasis on innovation, continually offering advanced technologies and tailored solutions that effectively meet diverse customer needs.
 

Utility Scale Air Insulated Transformer Market Companies

• 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
• Siemens Energy
• Toshiba International Corporation
• Trench Group
   

Utility Scale Air Insulated Transformer Industry News

• In January 2022, General Electric launched a range of power transformers designed to advance renewable energy projects. This lineup includes models like the GE-Mistral-14, with voltage ratings from 275 kV to 400 kV, two large 340 MVA transformers, and the MBH Power model. These transformers have been effectively utilized in multiple wind farm projects worldwide.
   
• In February 2021, Hitachi ABB Power Grids has won a major contract valued at USD 20 million from TE A, Turkey's transmission system operator. Under this deal, their transformer division offered numerous transformers with capacities between 62.5 MVA and 100 MVA, specifically engineered to operate at 154 kV.
   

This utility scale air insulated transformer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2021 to 2032, for the following segments:

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Market, By Winding

• Two Winding
• Auto Transformer

Market, By Rating

• ≤ 10 MVA
• > 10 MVA to ≤ 100 MVA
• > 100 MVA to ≤ 600 MVA
• > 600 MVA

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina