Product Code: GVR-4-68040-368-6
Gas Insulated Transformer Market Summary
The global gas insulated transformer market size was estimated at USD 2.95 billion in 2024 and is projected to reach USD 3.87 billion by 2030, growing at a CAGR of 4.7% from 2025 to 2030. Rising electricity demand, driven by industrialization, urbanization, and an increase in the use of electrical appliances, necessitates efficient and reliable power distribution systems, thus driving market growth.
Gas Insulated Transformers (GITs) are an advanced solution in the electrical power sector, specifically developed to meet the rising demand for compact, safe, and efficient power distribution, especially in urban and environmentally sensitive regions. Unlike traditional Oil-immersed Transformers (OITs), GITs use Sulfur Hexafluoride (SF6) gas as the main insulation and cooling medium. The fundamental concept of GITs involves enclosing the transformer's active components within a sealed metallic casing filled with SF6 gas. SF6 gas possesses exceptional dielectric strength and thermal characteristics, which are nonflammable and nonexplosive. This property removes the need for extensive fire suppression systems, oil collection tanks, and firewalls that are typically needed for OITs, enabling GITs to be installed in the same space as Gas Insulated Switchgear (GIS) for a highly compact substation layout.
The global gas insulated transformer industry is experiencing significant growth driven by the increasing demand for compact and efficient power transmission solutions in urban areas. GITs offer a smaller footprint than traditional oil-filled transformers, making them ideal for substations in densely populated cities. For example, in metropolitan areas such as Tokyo and New York City, utilities increasingly turn to GITs to upgrade their aging infrastructure while minimizing the physical space required, thus positively influencing the market.
Furthermore, an increasing emphasis on environmental sustainability and safety is anticipated to drive the growth of gas insulated transformer market in the coming years. GITs using environmentally friendly gases as alternatives to SF6 have lower fire hazards and reduced environmental effects than oil-filled transformers. This aligns with strict environmental regulations and corporate sustainability objectives.
In addition, the swift growth of renewable energy sources and the need for grid modernization fuel the market. With the growing integration of solar and wind farms into the power grid, there is a heightened demand for efficient and dependable transformer technology to manage the variable nature of these energy sources. GITs are suited for these applications due to their exceptional performance in extreme conditions and the capability to accommodate rapid load fluctuations.
Global Gas Insulated Transformer Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global gas insulated transformer market report on the basis of voltage, installation, application, and region:
- Voltage Outlook (Revenue, USD Million, 2018 - 2030)
- Medium Voltage (Up to 72.5 Kv)
- High Voltage (72.5 Kv to 220 Kv)
- Extra High Voltage (Above 220 Kv)
- Installation Outlook (Revenue, USD Million, 2018 - 2030)
- Indoor
- Outdoor
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Utility
- Industrial
- Commercial
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Voltage scope
- 1.1.2. Installation scope
- 1.1.3. Application scope
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.2.1. Voltage outlook
- 2.2.2. Installation outlook
- 2.2.3. Application outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Gas Insulated Transformer Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Gas Insulated Transformer Market: Voltage Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Gas Insulated Transformer Market: Voltage Movement Analysis & Market Share, 2024 & 2030
- 4.3. Medium Voltage (Up to 72.5 Kv)
- 4.3.1. Medium Voltage (Up to 72.5 Kv) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. High Voltage (72.5 Kv to 220 Kv)
- 4.4.1. High Voltage (72.5 Kv to 220 Kv) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Extra High Voltage (Above 220 Kv)
- 4.5.1. Extra High Voltage (Above 220 Kv) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Gas Insulated Transformer Market: Installation Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Gas Insulated Transformer Market: Installation Movement Analysis & Market Share, 2024 & 2030
- 5.3. Indoor
- 5.3.1. Indoor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Outdoor
- 5.4.1. Outdoor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Gas Insulated Transformer Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Gas Insulated Transformer Market: Application Movement Analysis & Market Share, 2024 & 2030
- 6.3. Utility
- 6.3.1. Utility Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Industrial
- 6.4.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Commercial
- 6.5.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Gas Insulated Transformer Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Gas Insulated Transformer Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. U.S. Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Canada Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key Country Dynamics
- 7.2.4.2. Mexico Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Gas Insulated Transformer Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. Germany Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.3. UK
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. UK Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. France Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Italy Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Spain Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Gas Insulated Transformer Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. China Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. Japan Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. India Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. South Korea Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. Australia Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Central & South America Gas Insulated Transformer Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Brazil Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Gas Insulated Transformer Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. UAE Gas Insulated Transformer market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 8. Gas Insulated Transformer Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map
- 8.4. Position Analysis, 2024
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research and Development
- 8.6. Company Profiles
- 8.6.1. MEIDENSHA CORPORATION
- 8.6.1.1. Participant's Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Recent Developments
- 8.6.2. ARTECHE
- 8.6.2.1. Participant's Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Recent Developments
- 8.6.3. Mitsubishi Electric Corporation
- 8.6.3.1. Participant's Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Recent Developments
- 8.6.4. Toshiba International Corporation
- 8.6.4.1. Participant's Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Recent Developments
- 8.6.5. Siemens Energy
- 8.6.5.1. Participant's Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Recent Developments
- 8.6.6. Hitachi Energy Ltd.
- 8.6.6.1. Participant's Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Recent Developments
- 8.6.7. GE Grid Solutions, LLC
- 8.6.7.1. Participant's Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Recent Developments
- 8.6.8. TAKAOKA TOKO CO., LTD.
- 8.6.8.1. Participant's Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Recent Developments
- 8.6.9. Fortune Electric Co., Ltd.
- 8.6.9.1. Participant's Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Recent Developments
- 8.6.10. Dalian Huayi Electric Power Electric Appliances Co., Ltd
- 8.6.10.1. Participant's Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.10.4. Recent Developments
- 8.6.11. HYOSUNG HEAVY INDUSTRIES
- 8.6.11.1. Participant's Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.11.4. Recent Developments
- 8.6.12. NISSIN ELECTRIC Co., Ltd.
- 8.6.12.1. Participant's Overview
- 8.6.12.2. Financial Performance
- 8.6.12.3. Product Benchmarking
- 8.6.12.4. Recent Developments
- 8.6.13. Transpower Engineering Ltd.
- 8.6.13.1. Participant's Overview
- 8.6.13.2. Financial Performance
- 8.6.13.3. Product Benchmarking
- 8.6.13.4. Recent Developments