Vacuum Pressure Impregnated (VPI) Transformers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Vacuum Pressure Impregnated (VPI) Transformer Market By Phase (Single-phase, and Three-phase), Voltage Range (Low Voltage, Medium Voltage), End User (Industrial, Commercial, and Others), and Geography

 

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Report

Description

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.

Vacuum Pressure Impregnated Transformers Market

MARKET SUMMARY
-
6.1%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.1%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Vacuum Pressure Impregnated Transformers Market

  • The vacuum pressure impregnated (vpi) transformers market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The vacuum pressure impregnated (vpi) transformers market is segmented based on based on phase, voltage range,  end user and geography.
Key Players
  • ABB Limited
  • Bharat Heavy Electricals Limited
  • CG Power and Industrial Solutions Limited
  • Eaton Corporation
  • General Electric
Vacuum Pressure Impregnated Transformers Market Dynamics

VPI is the transformer most commonly 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, and these factors are expected to boost the vacuum pressure impregnated (VPI) transformer market share throughout the forecast period. The pressure-impregnated vacuum (VPI) transformer is a good fit for these industries’ safety and voltage requirements. The World Bank Group will support and fund all forms of renewable energy, depending on the country’s resource base, organizational and technological capability, legislative framework, availability of financing for cost variations, and trade-offs. One of the most essential pieces of equipment in renewable energy projects is the vacuum pressure impregnated (VPI) transformer. To convert solar energy into electrical energy, a solar photovoltaic system, for example, requires photovoltaic cells, batteries, and transformers. These factors are projected to boost the market growth.


Asia-Pacific Got Significant Share

Vacuum Pressure Impregnated Transformers Market

The Vacuum Pressure Impregnated (VPI) Transformers market in Asia Pacific is likely to hold the highest revenue share of in 2021 and same trend is expected over the forecast period due to the technical improvements in the electrical sector, increasing renewable energy consumption, and more excellent government initiatives in emerging nations such as India and China to encourage energy-efficient solutions. Because of their electrical efficiency and conductivity, vacuum pressure impregnated (VPI) transformers can be used in power transmission and distribution. Furthermore, the Australian government has developed a variety of laws and provided subsidies to stimulate the use of wind energy, solar energy, and other renewable energy sources, contributing to the strong demand for VPI transformers.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The vacuum pressure impregnated (vpi) transformers market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Vacuum Pressure Impregnated Transformers Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The size of the global vacuum pressure impregnation (VPI) market was $1,3 million in 2021 and is predicted to reach $ 2,090.8 million by 2028.

ABB Limited, Bharat Heavy Electricals Limited, CG Power and Industrial Solutions Limited, and Eaton Corporation are some key players in the industry.

North America will provide more business opportunities for the global Vacuum Pressure Impregnated (VPI) transformer market in the future.


Report

Table Of Content

1. Executive Summary
2. Global Vacuum Pressure Impregnated (VPI) Transformer Market Introduction
2.1. Global Vacuum Pressure Impregnated (VPI) Transformer Market – Taxonomy
2.2. Global Vacuum Pressure Impregnated (VPI) Transformer Market –Definitions
2.2.1. Phase
2.2.2. Voltage Range
2.2.3. Enduser
2.2.4. Region
3. Global Vacuum Pressure Impregnated (VPI) Transformer Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Vacuum Pressure Impregnated (VPI) Transformer Market Dynamic Factors – Impact Analysis
3.6. Global Vacuum Pressure Impregnated (VPI) Transformer Market – Competition Landscape
4. Global Vacuum Pressure Impregnated (VPI) Transformer Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Vacuum Pressure Impregnated (VPI) Transformer Market, By Phase, 2017–2021and Forecast, 2022–2028 (Revenue, USD Mn)
5.1. Single-phase
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Three-phase
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Vacuum Pressure Impregnated (VPI) Transformer Market, By Voltage Range, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Low Voltage
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Medium Voltage
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Vacuum Pressure Impregnated (VPI) Transformer Market Forecast, By End User,2017–2021and Forecast, 2022–2028 (Revenue, USD Mn)
7.1. Industrial
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Commercial
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Others
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Vacuum Pressure Impregnated (VPI) Transformer Market Forecast, By Region, 2017–2021and Forecast, 2022–2028(Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Vacuum Pressure Impregnated (VPI) Transformer Market – Opportunity Analysis Index, By Phase, Voltage Range, End-user, and Region, 2022 – 2028
9. North America Vacuum Pressure Impregnated (VPI) Transformer market analysis,2017–2021and Forecast, 2022–2028(Revenue, USD Mn)
9.1. Phase Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Single-phase
9.1.2. Three-phase
9.2. Voltage Range Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Low Voltage
9.2.2. Medium Voltage
9.2.3.
9.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Industrial
9.3.2. Commercial
9.3.3. Others
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Vacuum Pressure Impregnated (VPI) Transformer Market – Opportunity Analysis Index, By Phase, Voltage Range, End user, and Country, 2022 – 2028
9.6. North America Vacuum Pressure Impregnated (VPI) Transformer Market Dynamics – Trends
10. Europe Vacuum Pressure Impregnated (VPI) Transformer Market Analysis, 2017–2021and Forecast, 2022–2028(Revenue, USD Mn)
10.1. Phase Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Single-phase
10.1.2. Three-phase
10.2. Voltage Range Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Low Voltage
10.2.2. Medium Voltage
10.2.3.
10.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Industrial
10.3.2. Commercial
10.3.3. Others
10.4. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Vacuum Pressure Impregnated (VPI) Transformer Market – Opportunity Analysis Index, By Phase, Voltage Range,  End User, and Country, 2022 – 2028
10.6. Europe Vacuum Pressure Impregnated (VPI) Transformer Market Dynamics – Trends
11. Asia-Pacific Vacuum Pressure Impregnated (VPI) Transformer Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Phase Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Single-phase
11.1.2. Three-phase
11.2. Voltage Range Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Low Voltage
11.2.2. Medium Voltage
11.2.3.
11.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Industrial
11.3.2. Commercial
11.3.3. Others
11.4. Country Analysis2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Vacuum Pressure Impregnated (VPI) Transformer Market – Opportunity Analysis Index, By Phase, Voltage Range, End user, and Country,2022 – 2028
11.6. Asia-Pacific Vacuum Pressure Impregnated (VPI) Transformer Market Dynamics – Trends
12. Latin America Vacuum Pressure Impregnated (VPI) Transformer Market Analysis,2017 – 2021 and Forecast, 2022–2028(Revenue, USD Mn)
12.1. Phase Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Single-phase
12.1.2. Three-phase
12.2. Voltage Range Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Low Voltage
12.2.2. Medium Voltage
12.2.3.
12.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Industrial
12.3.2. Commercial
12.3.3. Others
12.4. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Vacuum Pressure Impregnated (VPI) Transformer Market – Opportunity Analysis Index, By Phase, Voltage Range, End user, and Country, 2022 – 2028
12.6. Latin America Vacuum Pressure Impregnated (VPI) Transformer Market Dynamics – Trends
13. Middle East and Africa Vacuum Pressure Impregnated (VPI) Transformer Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Phase Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Single-phase
13.1.2. Three-phase
13.2. Voltage Range Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Low Voltage
13.2.2. Medium Voltage
13.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Industrial
13.3.2. Commercial
13.3.3. Others
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Vacuum Pressure Impregnated (VPI) Transformer Market – Opportunity Analysis Index, By Phase, Voltage Range, End user, and Country, 2022 – 2028
13.6. MEA Vacuum Pressure Impregnated (VPI) Transformer Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis)
14.2.1. ABB Limited
14.2.2. Bharat Heavy Electricals Limited
14.2.3. CG Power and Industrial Solutions Ltd
14.2.4. Eaton Corporation
14.2.5. General Electric
14.2.6. Instrument Transformer Equipment Corporation
14.2.7. Raychem RPG
14.2.8. Schneider Electric
14.2.9. Siemens AG
14.2.10. Toshiba Corporation
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • ABB Limited
  • Bharat Heavy Electricals Limited
  • CG Power and Industrial Solutions Limited
  • Eaton Corporation
  • General Electric
  • Instrument Transformer Equipment Corporation, Inc.
  • Raychem RPG Private Limited.
  • Schneider Electric
  • Siemens AG
  • Toshiba Corporation

Description

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.

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