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According to the latest report "Gas Insulated Transformer Market by Type (Instrument Transformer), Voltage Rating (Medium, High, Extra High), End-Use (Utility, Industrial, Commercial), Installation, Type of Cooling, and Regions with Forecast To 2023, published by Market Research Future, Global Gas Insulated Transformer Market to Grow up at 5.23% CAGR by 2023.Gas Insulated Transformer Market Highlights:
The key players of global gas insulated transformer market are ABB Ltd. (Switzerland), General Electric (US), Mitsubishi Electric Corporation (Japan), Siemens AG(Germany), Toshiba Corporation (Japan), Arteche (Spain), Meidensha Corporation (Japan), Takaoka Toko Co., Ltd (Japan), Fuji Electric co., Ltd. (Japan), and Chint Group (China).
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Gas Insulated Transformer Market Drivers and Restraints:
Gas Insulated transformers are eco-friendly, non-explosive and non-flammable it is widely adopted by underground stations and places where there is scarcity of space. It is free from emission and the gas used is also non-toxic in nature. Countries in Asia-Pacific are increasing their dependence on renewable energy, which has increased the growth of gas insulated transformer market and is projected to grow at substantial rate, during its forecast period.
In gas insulated transformers, the gas used is non-explosive and non-flammable and eliminates regular checks of oil and increased awareness towards environmental concerns. These transformers are majorly utilized in medium voltage and high voltage applications such as underground shopping centers, hydroelectric power plant, thermal power plant, chemical plants, and public water facilities. They are used for transmission and distribution purposes to create a more reliable and safe power system. There are various initiatives from the government for the development of infrastructure. Hence, the growth in demand for reliable power leads to the growth of the market during the forecast period.
The market is projected to grow at a higher rate during the forecast period, majorly due to the rise in demand for clean energy generation and renewable sources of energy. Governments around the world have developed attractive incentives, rewarding the use of renewable sources of energy, which further drives the growth of the gas insulated transformer market, globally.
Global Gas Insulated Transformer Market Segments Analysis:
The scope of the study segments the Gas Insulated Transformer market by its type, voltage rating, installation, type of cooling, end-user and by region.
By Type:
Instrument Transformer
Others
By Voltage Rating:
Medium Voltage
High Voltage
Extra High Voltage
By Installation:
Outdoor
Indoor
By Type of Cooling:
Gas Directed Air Natural Cooling
Gas Directed Air Forced Cooling
Gas Directed Water Forced Cooling
By End-User:
Utility
Industrial
Commercial
Global Gas Insulated Transformer Market Regional Analysis:
Asia-Pacific holds the largest share of the gas insulated transformer market, especially due to the demand in nations such as China, Japan, India, where authorities are focused on expansion of the transmission and distribution grid. Asia-Pacific is considered to have the highest population, which lead to the rise in demand for electricity and availability of grid with higher efficiency. Most countries in the region are working on development and expansion of power grids. Such factors increase the growth of the regional market.
The market for indoor installation is increasing during the forecast period. Gas insulated transformers are non-flammable, non-explosive and an integration of substation equipment in locations where space constraints are observed, which makes installation of gas insulated transformers, a priority in indoor and underground settings. There is a trend for adopting gas insulated transformer with integration of power and increasing power generation from renewables. This adds to the growth of the market for gas insulated transformers.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
LIST OF TABLES:
Table 1 Global Gas Insulated Transformer Market: By Region, 2018-2023
Table 2 North America Gas Insulated Transformer Market: By Country, 2018-2023
Table 3 Europe Gas Insulated Transformer Market: By Country, 2018-2023
Table 4 Asia-Pacific Gas Insulated Transformer Market: By Country, 2018-2023
Table 5 RoW Gas Insulated Transformer Market: By Country, 2018-2023
Table 6 Global Gas Insulated Transformer Market By Type: By Regions, 2018-2023
Table 7 North America Gas Insulated Transformer Market By Type: By Country, 2018-2023
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 SUPPLY CHAIN ANALYSIS
FIGURE 8 GLOBAL GAS INSULATED TRANSFORMER MARKET SHARE, BY TYPE, 2016 (%)
Continued…
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