Report Code: A15966 | Pages: NA | Jul 2023 | 1272 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Gas Insulated Transformer Market
Request Now !Gas insulated transformers (GIS) are used in applications where non-flammable, non-polluting transformers are required. For instance, they are employed in densely populated areas, buildings, and areas near lakes and rivers where oil leakage from a conventional transformer would be harmful to the environment. These transformers are also installed in environmentally critical areas where oil leakage is prohibited. These include hydroelectric power plants and water treatment facilities. Gas insulated transformers are designed to reduce fire hazards and have less impact on the environment. Sulphur hexafluoride gas insulated transformer is the most clean and is safe to operate. Gas insulated transformers are environmentally friendly and can be recycled easily. This is a major advantage of these transformers. Gas insulated transformers can be integrated directly with gas insulated switchgear to form a single, enclosed unit. This allows space savings and integrated control over the gas system. Higher costs and maintenance associated with gas insulated transformers would hinder the growth of gas insulated transformer market.
Market Scope and Structure Analysis Â
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Type, Voltage, Application, and Region |
 Companies Covered | ABB Ltd., Arteche, Fuji Electric, General Electric, Hyosung Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Toshiba Corporation, and XD Group |
COVID-19 Impact AnalysisÂ
Top Impacting Factors
In gas insulated transformers, the gas used is non-explosive and non-flammable and eliminates regular checks of oil and increases the 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 governments 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 globally have developed attractive incentives, rewarding the use of renewable sources of energy, which further drives the growth of the gas insulated transformer market, globally.
Market Trends
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Questions Answered in Gas Insulated Transformer Market Report
Gas Insulated Transformer Market Report Highlights
Aspects | Details |
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By Voltage |
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