The global vacuum pressure-impregnated transformer market size was US$ 1.4 billion in 2021. The global vacuum pressure-impregnated transformer market size is estimated to reach US$ 2.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2022 to 2030.
A vacuum pressure-impregnated transformer is a stylish insulated motor coil that can work accurately at high temperatures to minimize heat dissipation. This technology was introduced to resist medium to extreme environmental situations owing to its special features like high-pressure resistance, corrosion resistance, and leak-proof. Thus, VPI transformers can be operated in offshore applications where circumstances at sea are severe as longer life in moist and salty conditions can direct to corrosion of motor segments.
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Factors Affecting Marketing Growth
The increase in the power distribution sector and such applications drive the growth of the global market.
VPI is the most commonly used transformer to meet the need for power distribution, and the increasing need for electricity distribution from different endeavors are factors expected to drive the growth of the global market.
High voltage is needed by some medical devices, but a VPI transformer is not appropriate for high voltage devices and this is further expected to hinder the growth of the global market.
Impact on COVID-19 Analysis
COVID-19 had a negative impact on the growth of the global market, as many countries set strict lockdown restrictions. The lockdown impacted the supply chain concerning the import, export, and uncertainties in the manufacturing of transformers around the world. Reduced economic activity, Lower airplane activity, and industry shutdowns posed a hazard to the power and energy sectors as they are the largest clients of the global market.
Regional Analysis
North America is anticipated to encounter the most rapid growth during the forecast period. Significant costs by market players and the adoption of current systems like revolutionary technologies in vacuum pressure-impregnated (VPI) transformers and acquisitions by fundamental players in the sector are the factors that drive the growth of the global market in the region.
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Leading Competitors
The prominent players in the global vacuum pressure-impregnated transformer market are:
Instrument Transformer Equipment Corporation
Bharat Heavy Electricals Limited
Toshiba corporation
Siemens AG
Schneider Electric
Eaton Corporation
CG Power and Industrial Solutions Ltd
General Electric
ABB Limited
Others
Segmentation Analysis
The global vacuum pressure-impregnated transformer market segmentation focuses on Phase, Voltage Range, End Use, and Region.
Segmentation on the basis of Phase
Single-Phase
Three-Phase
Segmentation on the basis of Voltage Range
Medium
Low
Segmentation on the basis of End Use
Commercial
Industrial
Others
Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Vacuum Pressure Impregnated (VPI) Transformer market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Vacuum Pressure Impregnated (VPI) Transformer market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Vacuum Pressure Impregnated (VPI) Transformer market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Vacuum Pressure Impregnated (VPI) Transformer business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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