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Vacuum Pressure Encapsulated (VPE) Transformer Market Trends

Report ID: GMI7345
Published Date: Nov 2023
Report Format: PDF

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Vacuum Pressure Encapsulated Transformer Market Trends

The aging electrical infrastructure is under growing pressure to enhance its capabilities beyond its original design limits. The modernization of grid networks to make them more intelligent and resilient through the integration of advanced equipment, technologies, and controls will have a positive impact on the business outlook. These interconnected units collaborate and communicate to deliver electricity more efficiently, significantly reducing the frequency and duration of power outages, expediting service restoration, and mitigating the impact of storms during outages. Furthermore, utilities can enjoy several advantages from a modernized grid, including decreased peak loads, improved security, reduced operational expenses, and enhanced integration of renewable energy sources.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of vacuum pressure encapsulated transformer was worth USD 5.1 billion in 2022 and is projected to grow at a CAGR of 7.3% through 2032.

The greater than 5 MVA and up to 30 MVA segment is growing due to the thriving commercial sector in the recent years with the increasing demand for manufactured goods, along with the adaptable operation of these transformers across both primary and secondary distribution networks.

Vacuum Pressure Encapsulated (VPE) transformer market in Asia Pacific held a revenue share of over 38.9% in 2022 and is poised for notable growth through 2032, primarily due to the increasing electricity demand in developing nations.

ABB, GE, Eaton, Schneider Electric, Siemens Energy, Hitachi Energy Ltd., CG Power & Industrial Solutions Ltd., Toshiba Energy Systems & Solutions Corporation, and Bharat Heavy Electricals Limited (BHEL) among others.