Valued to be $3.5 Billion by 2026, Gas Insulated Transformers Slated for Robust Growth Worldwide

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Jun 27, 2022, 10:35 ET

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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Valued to be $3.5 Billion by 2026, Gas Insulated Transformers Slated for Robust Growth Worldwide

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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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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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