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Gas Insulated Transformer Market Industry Analysis Research and Trends Report For 2019-2025

Author : Rahul Sankrityayan | Published Date : 2019-09-10 

Global Market Insights added a report on global Gas Insulated Transformer Market that provide in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Gas Insulated Transformer Market will witness growth on account of increasing demand for electricity coupled with growing need for efficient T&D systems. For instance, in 2018, as per International Energy Agency (IEA), global electricity consumption increased by 4% when compared with 2010. In addition, introduction of stringent regulations to eliminate the risk of blackouts will complement the industry landscape.

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 Growing demand to refurbish & renovate existing power grid infrastructure in line with shifting inclination toward the development of sustainable supply networks will propel the gas insulated transformer market. Cost effectiveness, compact size and safer operations are some of the indispensable factors propelling the product demand.

Gas insulated transformer market from 72.5 kV to 220 kV is anticipated to witness growth on account of increasing demand for reliable power supply along with rapid infrastructural expansion and industrialization. The product finds wide suitability across high energy consuming industries due to extensive electrical protection property against insulation failure, and overload currents resisting features.

Increasing investments across research & development activities pertaining to electrical infrastructure along with surging electrification index will drive the gas insulated transformer market. Growing implementation of smart grid technology along with rapid urbanization and establishment of commercial trade hubs will further augment the product adoption.

Surging demand for long distance power transmission along with growing regulatory efforts toward reduction in electricity losses will propel the outdoor gas insulated transformers market share. Less maintenance requirement along with ability to withstand across harsh environmental conditions will further compliment the product demand. Furthermore, rising need for reliable power supply along with rapid infrastructural & commercial expansion will augment the business outlook.

Technological advancements coupled with ongoing investments toward revamping of power grid infrastructure will propel the U.S. gas insulated transformer market over the forecast period. In 2018, the federal government introduced plans to invest an USD 10 billion to support its inter-regional electrical networks.

Major industry participants across the gas insulated transformer market comprise GE, ABB, Siemens, Mitsubishi Electric, Arteche, Toshiba, Meidensha, Fuji Electric, Hyosung Corporation, Nissan Electric and Chint Group.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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