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Air Insulated Transformer Market Size

  • Report ID: GMI9032
  • Published Date: Apr 2024
  • Report Format: PDF

Air Insulated Transformer Market Size

Air Insulated Transformer Market was valued at USD 4.6 billion in 2023 and is set to grow at 6% CAGR between 2024 and 2032. The electricity industry presents a multitude of opportunities worldwide, with variations based on factors such as operational scope, network attributes, customer base, and ownership arrangements. Models employed to assess tariffs and revenue streams acknowledge this diversity, offering a framework for meaningful comparisons. Notwithstanding these differences, both Distribution System Operators (DSOs) and Transmission System Operators (TSOs) typically ensure a high standard of service quality and reliability to their clientele.

 

The electrical grid within the region operates as an interconnected ecosystem involving manufacturers, asset owners, government entities at federal, state, and local levels, as well as service providers. For instance, in 2021, the U.S. Department of Energy, particularly through the Office of Electricity Delivery & Energy Reliability (OE), collaborates with both private and public partners to fortify, enhance, and modernize the energy infrastructure.
 

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market valuation of the air insulated transformer was reached USD 4.6 billion in 2023 and is estimated to grow at over 6% CAGR from 2024 to 2032, driven by operational scope, network attributes, customer base, and ownership arrangements.

The auto transformer segment in the air insulated transformer industry is set to reach USD 3.2 billion by 2032, owing to enhanced transformation capabilities and operational adaptability.

Asia Pacific air insulated transformer market is projected to exceed USD 1.5 billion by 2032, propelled by increasing electricity demand in developing nation.

ABB, ARTECHE, Celme S.r.l., CG Power & Industrial Solutions Ltd., DAIHEN Corporation, Eaton, Elsewedy Electric, General Electric, Hyosung Heavy Industries, IMEFY GROUP, Kirloskar Electric Company, Mitsubishi Electric Corporation, Ormazabal, Pfiffner Group, Schneider Electric and others.

Air Insulated Transformer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 531
  • Countries covered: 18
  • Pages: 300
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