Gas Insulated Transformer Market, By Voltage Rating (Low Voltage, Medium Voltage, and High Voltage), By Cooling Type (Oil-Cooled and Air-Cooled), By End User (Power Transmission and Distribution , Industrial , and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2025

Code : CMI5232

Pages :162

Formats :

Excel and PDF

Industry : Semiconductors

Gas Insulated Transformer Market Size and Trends

The global gas insulated transformer market is estimated to be valued at US$ 2.96 Bn in 2025 and is expected to reach US$ 4.28 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.4% from 2025 to 2032.

Gas Insulated Transformer Market Key Factors

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The key factors driving the growth of this market include increasing investments towards the development and upgradation of T&D infrastructure across the globe. Moreover, gas insulated transformers offer compact design and require less space, which helps save costs, fueling their rising adoption. Additionally, the growing use of renewable energy coupled with investments towards grid infrastructure modernization will further contribute to the revenue growth of the gas insulated transformer market during the forecast period.

Growing infrastructure development projects

The gas insulated transformer market is expected to witness significant growth over the forecast period owing to the growing infrastructure development projects around the world. The increasing investments in grid infrastructure, renewable energy integration, construction of new commercial buildings, and modernization of existing infrastructure will drive the demand for gas insulated transformers.

Over the past few decades, both developed and developing nations have been extensively investing in upgrading their aging power infrastructure. Countries are focusing on modernizing their transmission and distribution systems to improve grid reliability and power availability. This involves installing new transmission lines, substations, and distribution networks which present growth opportunities for gas insulated transformers. Their compact design and high-power density make them suitable for installation in congested urban areas with space constraints. The growing construction of smart cities and mega infrastructure projects will augment the sales of gas insulated transformers in the coming years.