Gas Insulated Transformer Global Market Report 2022 – By Type (Instrument Transformers, Power Transformers), By Voltage (Medium Voltage (Up to 72.5 kV), High Voltage (72.5 kV to 220 kV), Extra High Voltage (Above 220 kV)), By Installation (Indoor, Outdoor), By End User (Industrial, Commercial) – Market Size, Trends, And Global Forecast 2022-2026

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The gas-insulated transformer market consists of sales of the gas-insulated transformer by entities (organizations, sole traders, and partnerships) that are used for safety against fire in essential buildings and in underground substations close to residential areas, factories, and chemical plants. A gas-insulated substation (GIS) is a high-voltage substation in which the principal conducting structures are enclosed in a sealed environment and the insulating medium is sulfur hexafluoride (SF6) or sulfur hexafluoride gas. The GIS support frames are bolted or welded to embedded steel plates or beams, or chemical drill anchors are used to secure the system.

The main types of gas-insulated transformers are instrument transformers, power transformers, and others. Instrument transformers are used in AC systems to measure electrical quantities such as voltage, current, power, energy, power factor, and frequency. Instrument transformers are also used with protective relays to protect the power system. The different levels of voltage include medium voltage (up to 72.5 kV), high voltage (72.5 kV to 220 kV), and extra-high voltage (above 220 kV) and involve various installation types, such as indoor and outdoor. It is employed by several end-users, such as industrial, commercial, and utilities.

The gas-insulated transformers market research report is one of a series of new reports from The Business Research Company that provides gas-insulated transformers market statistics, including gas-insulated transformers industry global market size, regional shares, competitors with a gas-insulated transformers market share, detailed gas-insulated transformers market segments, market trends and opportunities, and any further data you may need to thrive in the gas-insulated transformers industry. This gas-insulated transformers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global gas-insulated transformer market size is expected to grow from $2.16 billion in 2021 to $2.34 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The global gas-insulated transformer market size is expected to reach $2.88 billion in 2026 at a CAGR of 5.9%.

An increase in government initiatives is expected to propel the growth of the gas-insulated transformer market going forward. In order to meet the high energy demand, governments across the globe are investing in different energy plant initiatives. For instance, according to the Power Transformer News Report, in January 2022, the government of India constructed a new gas-insulated substation in Maharashtra, India. The substation has 300MW of capacity, which may be further expanded to 700MW, and it is supported by three separate sources and pathways. Therefore, the increasing initiatives in the construction of gas and power plants are driving the gas-insulated transformer market.

Technological advancements have emerged as the key trend gaining popularity in the gas-insulated transformer market. Organizations operating in the gas insulated transformer market are focused on technological innovations to strengthen their position in the market. For instance, in May 2020, China Southern Power Grid Co., Ltd. (CSG) and State Grid Corporation of China (SGCC), Chinese state-owned enterprises, announced the development of ultra-high voltage electrical grids in 2020 using High Voltage Alternating Current (HVAC) and High Voltage Direct Current (HVDC) technologies. China's government gave USD 26.8 billion for the development of these projects.

In July 2020, Hitachi Ltd., a Japan-based conglomerate corporation, acquired ABB Power Grids for $7.8 billion. Through this acquisition, Hitachi would form a new company to address the power industry's renewable and distributed energy frontiers and become one of the world's top grid equipment and service providers, increasing its utility segment access in all countries. ABB Power Grid is a Switzerland-based energy innovation and transition company that provides gas insulated transformers.

Major players in the gas insulated transformer market are Takaoka Toko Co. Ltd, General Electric, Mitsubishi Electric Corporation, Siemens AG, Toshiba Corporation, Arteche Group, Nissin Electric Co. Ltd, Hyosung Corporation, Meidensha Corporation, Chint Group Co. Ltd, Tatung Company, Bharat Heavy Electricals Limited, Shihlin Electric & Engineering Corp., Yangzhou Power Electric, and KharkovEnergoPribor Ltd.

North America was the largest region in the gas-insulated transformer market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global gas-insulated transformer market during the forecast period. The regions covered in the global gas-insulated transformer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the gas insulated transformer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The global gas insulated transformer market is segmented -

1) By Type: Instrument Transformers, Power Transformers, Others

2) By Voltage: Medium Voltage (Up to 72.5 kV), High Voltage (72.5 kV to 220 kV), Extra High Voltage (Above 220 kV)

3) By Installation: Indoor, Outdoor

4) By End User: Industrial, Commercial, Others

    Table Of Contents

    1. Executive Summary

    2. Gas Insulated Transformer Market Characteristics

    3. Gas Insulated Transformer Market Trends And Strategies

    4. Impact Of COVID-19 On Gas Insulated Transformer

    5. Gas Insulated Transformer Market Size And Growth

    5.1. Global Gas Insulated Transformer Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Gas Insulated Transformer Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Gas Insulated Transformer Market Segmentation

    6.1. Global Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Instrument Transformers

    Power Transformers

    Other Types

    6.2. Global Gas Insulated Transformer Market, Segmentation By Voltage, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Medium Voltage (Up to 72.5 kV)

    High Voltage (72.5 kV to 220 kV)

    Extra High Voltage (Above 220 kV)

    6.3. Global Gas Insulated Transformer Market, Segmentation By Installation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Indoor

    Outdoor

    6.4. Global Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Industrial

    Commercial

    Other End Users

    7. Gas Insulated Transformer Market Regional And Country Analysis

    7.1. Global Gas Insulated Transformer Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Gas Insulated Transformer Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Gas Insulated Transformer Market

    8.1. Asia-Pacific Gas Insulated Transformer Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Gas Insulated Transformer Market

    9.1. China Gas Insulated Transformer Market Overview

    9.2. China Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Gas Insulated Transformer Market

    10.1. India Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Gas Insulated Transformer Market

    11.1. Japan Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Gas Insulated Transformer Market

    12.1. Australia Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Gas Insulated Transformer Market

    13.1. Indonesia Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Gas Insulated Transformer Market

    14.1. South Korea Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Gas Insulated Transformer Market

    15.1. Western Europe Gas Insulated Transformer Market Overview

    15.2. Western Europe Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Gas Insulated Transformer Market

    16.1. UK Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Gas Insulated Transformer Market

    17.1. Germany Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Gas Insulated Transformer Market

    18.4. France Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Gas Insulated Transformer Market

    19.1. Eastern Europe Gas Insulated Transformer Market Overview

    19.2. Eastern Europe Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Gas Insulated Transformer Market

    20.1. Russia Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Gas Insulated Transformer Market

    21.1. North America Gas Insulated Transformer Market Overview

    21.2. North America Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Gas Insulated Transformer Market

    22.1. USA Gas Insulated Transformer Market Overview

    22.2. USA Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Gas Insulated Transformer Market

    23.1. South America Gas Insulated Transformer Market Overview

    23.2. South America Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Gas Insulated Transformer Market

    24.1. Brazil Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Gas Insulated Transformer Market

    25.1. Middle East Gas Insulated Transformer Market Overview

    25.2. Middle East Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Gas Insulated Transformer Market

    26.1. Africa Gas Insulated Transformer Market Overview

    26.2. Africa Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Gas Insulated Transformer Market Competitive Landscape And Company Profiles

    27.1. Gas Insulated Transformer Market Competitive Landscape

    27.2. Gas Insulated Transformer Market Company Profiles

    27.2.1. General Electric

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Mitsubishi Electric Corporation

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Siemens AG

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Toshiba Corporation

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Arteche Group

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Gas Insulated Transformer Market

    29. Gas Insulated Transformer Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Gas Insulated Transformer Market, Segmentation By Voltage, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Gas Insulated Transformer Market, Segmentation By Installation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Gas Insulated Transformer Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Gas Insulated Transformer Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: Asia-Pacific, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: China, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: India, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Japan, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Australia, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Indonesia, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: South Korea, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Western Europe, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: UK, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Germany, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: France, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Eastern Europe, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: Russia, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: North America, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: USA, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: South America, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Brazil, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Middle East, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Gas Insulated Transformer Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Africa, Gas Insulated Transformer Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 47: General Electric Financial Performance
  • Table 48: Mitsubishi Electric Corporation Financial Performance
  • Table 49: Siemens AG Financial Performance
  • Table 50: Toshiba Corporation Financial Performance
  • Table 51: Arteche Group Financial Performance

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