Air Insulated Transformer Market - Industry Report, 2031

Posted by aartimule on December 9th, 2021

Air Insulated Transformer Market: Overview

  • Air insulated transformer, also known as dry type transformer, is a power transformer with windings encased in epoxy resins. It is easy to install as compared to oil insulated or gas insulated transformer.
  • The epoxy layer helps protect the transformer against corrosion and dust, and does not need to be placed in a fire-proof vault. Air insulated transformer can be mounted indoors or outdoors; hence, it is extensively utilized in various applications.
  • Air insulated transformer is a static device that employs the eco-friendly temperature insulation system, i.e. air insulation
  • Air insulated transformer offers major safety features. It is efficient and cost-effective. Air insulated transformer has very low wear and maintenance as compared to other types of transformers. Hence, it is commonly employed in industrial, utility, and commercial applications.

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Key Drivers and Restraints of Air Insulated Transformer market

  • Low initial investment and low maintenance are expected to be key drivers of the air insulated transformer market. This transformer is cost-effective as compared to gas and liquid insulated transformers. It requires less maintenance. It does not carry the risk of oil seepage and gas leak, unlike the oil & gas type insulated transformer.
  • Air insulated transformer functions convincingly in most ambient conditions, as it is also sealed with epoxy resin mixture. Under certain conditions, air insulated transformers are equipped with cast coil insulation system.
  • Cast coil is used when additional protection and coil strength are needed. This is applicable when the air insulated transformer is installed in harsh environments such as chemical, cement, and outdoor installations where salt spray, dust, moisture, corrosive fumes, and small metal particles are present.
  • Air insulated transformer is suitable for low voltage and low power rating. Hence, there are limitations to its applications. It cannot be installed in high voltage applications. Therefore, the market is projected to expand at a steady pace in the near future.

Global Air Insulated Transformer Market: Segmentation

  • The global air insulated transformer market can be segmented based on transformer type, application, and installation
  • In terms of transformer type, the global air insulated transformer market can be divided into open wound transformer, vacuum pressure impregnated (VPI), vacuum pressure encapsulated (VPE), cast coil, and others
  • In terms of application, the air insulated transformer market can be divided into industrial, commercial, and utility. The utility segment is estimated to hold a major share of the global air insulated transformer market in the near future.
  • In terms of installation, the air insulated transformer market can be divided into indoor and outdoor. The outdoor segment is estimated to hold a major share of the global air insulated transformer market in the near future.

Global Air Insulated Transformer Market: Regional Segmentation

  • In terms of region, the global air insulated transformer market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is estimated to account for a significant share of the global air insulated transformer market during the forecast period, due to a rise in investment in smart cities and grid technologies; and increase in number of data centers in information technology hubs and commercial institutes in the region.
  • Demand for electricity is high in Asia Pacific, as it is among the highly populated regions in the world. Rise in demand has boosted the investments in distribution and transmission sectors to the supply power via grids.
  • The air insulated transformer market in Europe is likely to expand at a rapid pace due to enactment of numerous regulations and investments in renewable energy sources, which would further drive the grid infrastructure of the region
  • The market in North America is projected to expand at healthy pace, owing to the high focus on renewable energy sources and enactment of stringent environmental laws by the governments in the region
  • The market in Latin America and Middle East & Africa is expected to expand at a sluggish pace during the forecast period

COVID-19 Impact on Global Air Insulated Transformer Market

  • The COVID-19 pandemic has adversely affected the global air insulated transformer market. Power, utilities & renewable company are understandably focused on keeping their assets online and providing safe, reliable supplies of electricity and natural gas. However, the most significant impact is being felt in manufacturing and production centers where industrial & utilities demand has declined. But, the early recovery of activities in China has reduced the impact in the near term.

Key Players in Market

The global air insulated transformer market has a highly competitive landscape. It is dominated by the presence of various major players across the globe.

 Prominent players operating in the global air insulated transformer market include:

  • ABB
  • Kirloskar Electric Company
  • KPRS
  • ABC Transformers
  • Olsun Electrics Corporation
  • GBE S.p.A Stabilimento e sede legale
  • VESTAS WIND SYSTEMS A/S
  • Voltamp
  • SYNERGY TRANSFORMERS
  • Pioneer Power Solutions
  • HAMMOND POWER SOLUTIONS

Global Air Insulated Transformer Market: Research Scope

Global Air Insulated Transformer Market, by Transformer Type

  • Open Wound Transformer
  • Vacuum Pressure Impregnated (VPI)
  • Vacuum Pressure Encapsulated (VPE)
  • Cast Coil
  • Others 

Global Air Insulated Transformer Market, by Application

  • Industrial
  • Commercial
  • Utility

Global Air Insulated Transformer Market, by Installation

  • Indoor
  • Outdoor

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aartimule
Joined: April 16th, 2020
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