Vacuum Pressure Impregnated Transformers Market Report 2022: Demand from Various Industries Including Chemical, Steel, Hydropower and More Driving Growth – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The report “Vacuum Pressure Impregnated Transformers Market By Phase, By Voltage Range, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030” has been added to from ResearchAndMarkets.com offer.

The global vacuum impregnated transformers (VPI) market is expected to generate USD 2,471.8 million by 2030, from USD 1,440.3 million in 2021 at a CAGR of 6.2% from 2022 to 2030.

VPI transformers are vacuum impregnated with a high temperature polyester varnish which has excellent heat resistance and excellent surface wettability. It is easy to install and maintain, reduces wiring cost, and has the ability to withstand current overload.

The growing demand for power distribution worldwide has increased in recent years due to the development of various industries in developing economies. Chemicals, pharmaceuticals, steel, refineries, mines, captive energy projects, hydroelectric projects and wind farms all require a specific voltage output to operate productively and safely. The pressure-impregnated vacuum transformer is a suitable fit to meet the safety and voltage requirements of these industries.

Depending on the country’s resource base, organizational and technological skills, policy framework, availability of financing for cost variations and trade-offs, the World Bank Group will encourage and finance all renewable energy sources. . These drivers are expected to drive the market revenue growth. However, advances in technology have increased the cost of transformers. In addition, the VPI transformer is not efficient above 2000 KVA, which limits its use.

The growth in vacuum pressure impregnated transformers market revenue is fueled by the global expansion of power distribution networks and rapid industrialization in economically developing countries.

Rising global population has increased the consumption of electric power, which could be a major factor expected to drive the revenue growth of the VPI market. Also, governments of various countries are planning to expand their power plants, which will lead to high demand for transformers for power distribution. Additionally, technological advancements such as box-mounted high-voltage (HV) and low-voltage (LV) cable boxes, 40% increase in forced air cooling and others are the major factors expected to drive the application for vacuum pressure impregnated transformers. In addition, there are new opportunities for key players in the VPI transformer market to develop 3D core VPI transformers for electric vehicles, which are the future of the automotive industry.

MAIN BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of Vacuum Pressure Impregnated Transformers (VPI) market analysis from 2021 to 2030 to identify current opportunities in the Transformers market vacuum pressure impregnated (VPI).

  • Market research is offered with information related to key drivers, restraints, and opportunities.

  • Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.

  • In-depth analysis of the Vacuum Pressure Impregnated Transformers (VPI) market segmentation helps in determining the existing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution in the global market.

  • The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.

  • The report includes analysis of regional and global Vacuum Pressure Impregnated Transformers (VPI) market trends, key players, market segments, application areas and market growth strategies.

Key market segments

By step

By voltage range

By end use

  • Industrial

  • Commercial

  • Others

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • UK

  • Germany

  • France

  • Spain

  • Italy

  • The rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Saudi Arabia

  • South Africa

  • Rest of LAMEA

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: VACUUM PRESSURE IMPREGNATED (VPI) TRANSFORMERS MARKET, BY PHASE

CHAPTER 5: VACUUM PRESSURE IMPREGNATED (VPI) TRANSFORMERS MARKET, BY VOLTAGE RANGE

CHAPTER 6: VACUUM PRESSURE IMPREGNATED (VPI) TRANSFORMERS MARKET, BY END USE

CHAPTER 7: VACUUM PRESSURE IMPREGNATED (VPI) TRANSFORMERS MARKET, BY REGION

CHAPTER 8: CORPORATE LANDSCAPE

CHAPTER 9: COMPANY PROFILES

Companies cited

  • ABB limited

  • General Electric

  • Eaton Company

  • Schneider-Electric

  • Siemens AG

  • CG Power and Industrial Solutions Ltd

  • Toshiba Company

  • Bharat Heavy Electricals Limited

  • Raychem RPG – Energy Products Division

  • Instrument Transformer Equipment Corporation

For more information about this report visit https://www.researchandmarkets.com/r/6xkvx9

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