SAN FRANCISCO , June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Gas Insulated Transformers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 8; Released: January 2022 Executive Pool: 14412 Companies: 46 - Players covered include ABB Ltd.; Arteche; Chint Group; Fuji Electric Co., Ltd.; General Electric Company; Hyosung Corporation; KharkovEnergoPribor Ltd.; Meidensha Corporation; Mitsubishi Electric Corporation; NISSAN Motor Co., Ltd.; Siemens AG; Takaoka Toko Co., Ltd.; Toshiba Corp.; Yangzhou Power Electric Co., Ltd. and Others. Coverage: All major geographies and key segments Segments: End-Use (Utility, Industrial, Commercial); Type (Instrument Transformer, Other Types); Voltage (Upto 72.5 kV, 72.5 kV to 220 kV, Above 220 kV) Geographies: World; United States ; Canada ; Japan ; China ; Europe (France ; Germany ; Italy ; United Kingdom ; Spain ; Russia ; and Rest of Europe ); Asia-Pacific (Australia ; India ; South Korea ; and Rest of Asia-Pacific ); Latin America (Argentina ; Brazil ; Mexico ; and Rest of Latin America ); Middle East (Iran ; Israel ; Saudi Arabia ; United Arab Emirates ; and Rest of Middle East ); and Africa .
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ABSTRACT- Global Gas Insulated Transformers Market to Reach $3.5 Billion by 2026 Amid the COVID-19 crisis, the global market for Gas Insulated Transformers estimated at US$2.9 Billion , is projected to reach a revised size of US$3.5 Billion by 2026, growing at a CAGR of 3.1% over the analysis period. Upto 72.5 kV, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$2.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the 72.5 kV to 220 kV segment is readjusted to a revised 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $803.8 Million in 2021, While China is Forecast to Reach $699.3 Million by 2026 The Gas Insulated Transformers market in the U.S. is estimated at US$803.8 Million in the year 2021. China , the world`s second largest economy, is forecast to reach a projected market size of US$699.3 Million by the year 2026 trailing a CAGR of 5.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 0.8% and 2.3% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 1.5% CAGR.
Above 220 kV Segment to Reach US$568.2 Million by the year 2026 In the global Above 220 kV segment, USA , Canada , Japan , China and Europe will drive the 2.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$367.7 Million will reach a projected size of US$425 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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