Gas Insulated Transformer Market

Growing adoption of renewable power followed by rapid upgradation/replacement of traditional and inefficient substations across the globe is expected to drive investments into the global gas insulated transformer market.

COVID-19 pandemic-based lockdown measures have significantly reduced electricity demand in both the commercial and industrial sectors. Non-critical investments have been suspended throughout the sector-from generation to transmission to distribution. This has hampered investments in GIT, thereby hampering sales.

Currently, Asia Pacific remains the most lucrative market for GIT, followed by North America, and later Europe. In Asia Pacific, China, and India are keys nations which are investing heavily in energy security, and rural electrification programs.

In terms of type, step-up transformer segment dominates the global gas insulated transformer market as of 2021.

Global top five players in gas insulated transformer space include GE, Siemens AG, Toshiba Corporation, ABB Ltd., and Eaton Corporation.