What Fueled The Previous Growth In The Vacuum Pressure Encapsulated VPE Transformer Market?
The vacuum pressure encapsulated vpe transformer market has seen considerable growth due to a variety of factors.
• The market size for Vacuum Pressure Encapsulated (VPE) transformers has experienced robust growth in the past few years. The current projection pegs the market growth from $5.68 billion in 2024 to $6.17 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.7%.
The escalation during the previous period has its roots in an accelerated demand for power, aging power framework, grid modernizing initiatives from the government, an emphasis on integrating renewable energy as well as environmental challenges and associated legislations.
What Can Be Expected from the Vacuum Pressure Encapsulated VPE Transformer Market Size?
The vacuum pressure encapsulated vpe transformer market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for vacuum pressure encapsulated (VPE) transformers is predicted to experience substantial expansion in the upcoming years, with projections estimating it will reach $8.15 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2%.
Key factors contributing to this predicted growth in the forecast period involve increased investment in energy infrastructure, the integration of IoT and digitalization, a focus on energy efficiency, resilience to challenging environmental conditions, and the worldwide expansion of smart grid deployments. Notable trends for the forecast period include the adoption of dry-type transformers, modular and customizable designs, the creation of environmentally-friendly insulation materials, advanced monitoring and diagnostic systems, and improved equipment.
What Are the Critical Driver Fuelling The Vacuum Pressure Encapsulated VPE Transformer Market's Growth?
The escalating need for electricity is projected to stimulate the vacuum-pressure encapsulated (VPE) transformer market's growth. Electrical demand signifies the quantity of electrical power being utilized at a specific period, computed in kilowatts (kW), and symbolizes the speed of electricity consumption. VPE transformers provide superior mechanical and short-circuit endurance, ruling out the likelihood of fire or explosion while controlling electricity through efficient electrical segregation. For instance, the International Energy Agency (IEA), an independent intergovernmental organization situated in France, reported in October 2024 that electricity output in July 2024 reached 996.1 TWh, a 2.6% rise from the past year. This was propelled by a 7.8% surge in renewables, with solar increasing by 20.6% and hydropower by 8.1%. Renewables constituted 32.9% of the electricity mix. Therefore, the rising demand for electricity is propelling the expansion of the vacuum-pressure encapsulated (VPE) transformer market.
How Is The Vacuum Pressure Encapsulated VPE Transformer Market segmented?
The vacuum pressure encapsulated (VPE) transformer market covered in this report is segmented –
1) By Winding: Two Winding, Auto Transformer
2) By Rating: =5 MVA, >5 MVA To = 30 MVA, > 30 MVA
3) By Application: Industries, Inner-City Substations, Indoor Or Underground Substations, Renewable Generation, Other Applications
Subsegments:
1) By Two Winding: Standard Two Winding Transformers, Isolation Transformers
2) By Auto Transformer: Step-Up Auto Transformers, Step-Down Auto Transformers
Pre-Book The Vacuum Pressure Encapsulated VPE Transformer Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Vacuum Pressure Encapsulated VPE Transformer Industry?
Leading firms in the Vacuum-Pressure Encapsulated (VPE) transformer industry are creating cutting-edge goods like dry-type pole-mounted transformers for more effective and greener power distribution. These transformers operate on air or gas as a coolant and are pole-mounted for outdoor fittings, eliminating the requirement for liquid insulation. Siemens Energy, a German energy tech firm, for example, introduced its CAREPOLE, a Vacuum Pressure Impregnated (VPI) pole-mounted transformer, in April 2022. Available in single-phase models with a voltage capacity of up to 36 kV, its power ratings vary from 10 kVA to 100 kVA. It is a dry-type transformer that doesn't use oil, and hence is safer and more environmentally considerate than the conventional oil-filled transformers.
Who Are the Key Players In The Vacuum Pressure Encapsulated VPE Transformer Market?
Major companies operating in the vacuum pressure encapsulated (vpe) transformer market report are:
• Hitachi Ltd.
• General Electric Company
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens Energy AG
• ABB Group
• Toshiba Corporation
• Eaton Corporation
• TBEA Co Ltd.
• Fuji Electric Co Ltd.
• WEG SA
• Bharat Heavy Electricals Limited (BHEL)
• Hyundai Electric & Energy Systems Co Ltd.
• Crompton Greaves Limited
• CG Power and Industrial Solutions Limited
• Hammond Power Solutions Inc.
• Virginia Transformer Corp
• Voltamp Transformers Limited
• Kirloskar Electric Company Limited
• Matelec Group
What Is The Most Dominant Region In The Vacuum Pressure Encapsulated VPE Transformer Market?
Asia Pacificwas the largest region in the vacuum pressure encapsulated (VPE) transformer market in 2024. The regions covered in the vacuum pressure encapsulated (vpe) transformer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
