Home > Energy & Power > Electrical Equipment > Transformers > Vacuum Pressure Impregnated (VPI) Transformer Market

Vacuum Pressure Impregnated (VPI) Transformer Market Trends

  • Report ID: GMI7329
  • Published Date: Nov 2023
  • Report Format: PDF

Vacuum Pressure Impregnated Transformer Market Trends

The aging electric infrastructure is facing increasing pressure to enhance its operations beyond its original design capacity. The modernization of grid networks to make them "smarter" and more resilient through the incorporation of innovative equipment, technologies, and controls will have a positive impact on the business outlook. These units work in tandem and communicate to provide electricity more efficiently, significantly reducing the duration and frequency of power outages, expediting service restoration, and mitigating the impact of storms during outages.
 

Consumers can gain better control over their energy consumption and costs through improved access to data. Furthermore, utilities can reap various benefits from a modernized grid, including decreased peak loads, enhanced security, reduced operational expenses, and increased integration of renewable energy sources.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Vacuum pressure impregnated (VPI) transformer industry size reached USD 4.9 billion in 2022 and is projected to witness 9.4% CAGR from 2023-2032 influenced by factors, such as the size of operations, network characteristics, customer demographics, and ownership models

Vacuum pressure impregnated transformer industry size from auto transformers exceeded USD 1.5 billion in 2022 owing to higher integration of intelligent monitoring technologies for enhancing the reliability and cost-effectiveness

How is the demand for vacuum pressure impregnated transformers driven across industries?

North America held over 19.4% of the vacuum pressure impregnated transformer industry share in 2022 driven by the surging demand for electrical products in the United States, Canada, and Mexico

Vacuum Pressure Impregnated Transformer Market Scope

Buy Now


Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 678
  • Countries covered: 22
  • Pages: 250
 Download Free Sample