Vacuum Pressure Impregnated (VPI) Transformers Market is estimated to be valued at USD 1,459.7 Million in 2021 and is poised to grow at a significant CAGR of 6.1% over 2022-2028. A vacuum pressure-impregnated transformer is a modern insulated motor coil that can function efficiently at high temperatures, reducing heat degradation. Because of its unique qualities, such as leak-proof, high-pressure resistance, and corrosion resistance, this technology was created to survive moderate to severe environmental conditions. As a result, VPI transformers can be utilized in offshore applications where harsh sea conditions, such as over-life in salty and humid environments, can lead to motor component corrosion. The vacuum pressure impregnation (VPI) transformer market is predicted to increase rapidly in the power distribution sector. Such applications are a primary driving force in the market’s expanding revenue growth. Based on the phase, the global vacuum pressure impregnated (VPI) transformers market is segmented into three-phase and single-phase. The three-phase segment is anticipated to show growth in the forecasting market due to it offers several advantages over a single phase, such as greater conductance efficiency, lower copper usage, and lower operational risk. The capacity to manage a wide range of power loads Three-phase transformers are more cost-effective for delivering loads and distributing large amounts of power. They have numerous uses in practically every field of electrical power systems, including power production, transmission and distribution, and all industrial sectors. Furthermore, they are smaller and lighter to build, with the same power handling capacity and improved operational qualities. VPI is the transformer most utilized to address the demand for power distribution. Several nations worldwide are embracing renewable energy sources to minimize carbon emissions and reliance on fossil fuels, which can help increase demand for voltage transformers for transmission and distribution. Furthermore, rapid industrialization in economically developing nations will raise the power demand. These factors are expected to boost the vacuum pressure impregnated (VPI) transformer market share throughout the forecast period.
Recent Market Developments:
In August 2022, HPS launched new low and medium-voltage distribution transformers.