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Utility Scale Air Insulated Transformer Market Trends

  • Report ID: GMI11203
  • Published Date: Sep 2024
  • Report Format: PDF

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.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Utility scale air insulated transformer market size was USD 1.84 billion in 2023 and is expected to register 4.9% CAGR from 2024 to 2032, due to the rapid expansion of renewable energy sources, such as wind and solar worldwide.

Utility scale air insulated transformer industry from the two winding segment is expected to surpass USD 1.3 billion by 2032, due to renewable energy sources like wind and solar becoming more prevalent.

Asia Pacific utility scale air insulated transformer industry is likely to cross USD 650 million by 2032, due to rapid urbanization, leading to significant investments in electrical infrastructure in the region.

IMEFY GROUP, Kirloskar Electric Company, Mitsubishi Electric Corporation, Ormazabal, Pfiffner Group, Schneider Electric, Siemens Energy, Toshiba International Corporation, and Trench Group, are some of the major utility scale air insulated transformer companies worldwide.

Utility Scale Air Insulated Transformer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 20
  • Countries covered: 18
  • Pages: 80
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