Utility Scale Air Insulated Transformer Market Size - By Winding (Two Winding, Auto Transformer), By Rating, Forecast, 2024 – 2032

Utility Scale Air Insulated Transformer Market Size

The global utility scale air insulated transformer market size was assessed at USD 1.84 billion in 2023 and is envisioned to grow at a CAGR of 4.9% through 2032. The demand for utility-scale air-insulated transformers is accelerated by the rising growth of green energy sources including wind and solar. These transformers are critical for maintaining the voltage to the levels required by the energy grid while assimilating renewable energy into the grid. With the addition of more variable renewable energy into the girds, infrastructure for stablization and flexibility becomes more critical. Thus, these transformers are gaining prominence on renewable energy projects due to their reliability and safety features.
 

Owing to the rapid development in cities, there is rise in the demand for more reliable and compact electrical infrastructure. For urbanized and populated places, air-insulated transformers are the ideal solution since they are smaller in size and safer as compared to oil-insulated transformers. Air-insulated transformers are emerging with the development of smart grids, as they easily interface with digital monitoring and control systems, increasing the reliability and efficiency of the grid.

Utility Scale Air Insulated Transformer Market Trends

Air-insulated transformers are used in places where people are likely to be concerned about fire such as in urban areas, industrial places, and renewable energy sites. Since air insulated transformers have no oil, it mitigates the risk of oil leakage and the risk of fires, considering them ideal in comparison with oil insulated transformers. The industry is shifting to environment friendly methods while maintaining environmental goals and regulations. Air-insulated transformers without oil as a coolant medium are emerging as more popular in regions with severe environmental regulations. Continuous innovations in others regions that utilize air-insulated transformers as their main mediums for electricity including better cooling systems, insulation materials, efficiency, and performance are boosting the effectiveness of air-insulated transformers making them sustainable and more acceptable compared to oil insulated transformers.
 

Utility Scale Air Insulated Transformer Market Analysis

The utility scale air insulated transformer industry from two winding segment is predicted to surpass USD 1.3 billion by 2032, due to increased business in renewable energy products like wind and solar. Together with the increased use is the need to step up or step down the voltage for the grid, therefore these transformers are becoming more popular. These transformers are the most suitable for renewable energy because they can withstand the fluctuations as well as meeting the set voltage requirements.
 

The > 600 MVA segment is predicted to boom at a CAGR of above 6.1% till 2032. The shift towards renewable energy sources, especially wind and solar farms, is creating a surge in demand for transformers with greater capacity. 600 MVA air insulated transformers are now increasingly needed in these projects where they connect renewable energy sources to the grid at desired voltage levels. These transformers serve as a strengthening component within the electric grid and add reliability to the system, as well as improve the performance of the grid under the additional load of fluctuating renewable energy resources.
 

The Asia Pacific utility scale air insulated transformer market size is anticipated to exceed USD 650 million by 2032. Countries within the Asia Pacific region are undergoing massive urban development. This entails significant expenditure on electrical infrastructure. Utility scale air insulated transformers are already being used to extend urban grid systems to provide electricity to population dense areas. China, India, and Japanese countries are also embarking on smart city plans which will require sophisticated and dependable electrical infrastructure. These countries prefer these transformers because of their high electrical safety, high efficiency, and integration with smart grid technology.
 

The components of electricity grid in the United States are old and aging, many of which are at the end of their life expectancy. The modernization of infrastructure is vital, and utility-scale air-insulated transformers are in high demand for deployment due to the excellent service they provide along with reliable and safe operations which are a must in today's grid management. Thus, increasing the growth of regional market during the forecast period.
 

Utility Scale Air Insulated Transformer Market Share

The market is dominated by leading firms such as Eaton, Schneider Electric, and General Electric, and ABB due to the established reputation they have backed by their industry experience which gives a sense of reliabilty and quality of their products. These companies focus on innovation and provide sophisticated advanced technologies along with custom-made solutions to fulfill the requirements of a diverse clientele.
 

Utility Scale Air Insulated Transformer Market Companies

• 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
• Siemens Energy
• Toshiba International Corporation
• Trench Group
   

Utility Scale Air Insulated Transformer Industry News

• In January 2022, General Electric introduced a collection of power transformers expected to catalyze renewable energy projects. This group features devices such as the Mistral 14 ranging from 275 kV to 400 kV, two enormous 340 MVA transformers, and the MBH Power model. These transformers have been commonly used in many wind farm projects worldwide.
   
• In February 2021, Hitachi ABB Power Grids was awarded a contract from Turkey's transmission system provider TEIAS amounting to USD 20 million. Their business unit dealing with transformers provided a range of transformers with power ratings from 62.5 to 100 MVA designed for 154 kV.
   

The utility scale air insulated transformer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2021 to 2032, for the following segments:

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Market, By Winding

• Two Winding
• Auto Transformer

Market, By Rating

• ≤ 10 MVA
• > 10 MVA to ≤ 100 MVA
• > 100 MVA to ≤ 600 MVA
• > 600 MVA

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina