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At what pace is the vacuum pressure encapsulated (vpe) transformer market growing, and what is its estimated value?
The vacuum pressure encapsulated (VPE) transformer market size has grown strongly in recent years. It will grow from $5.68 billion in 2024 to $6.17 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing power demand, aging power infrastructure, government initiatives for grid modernization, focus on renewable energy integration, environmental concerns and regulations .
The vacuum pressure encapsulated (VPE) transformer market size is expected to see strong growth in the next few years. It will grow to $8.15 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rising investments in energy infrastructure, integration of iot and digitalization, focus on energy efficiency, resilience against harsh environmental conditions, growth of smart grid deployments globally. Major trends in the forecast period include adoption of dry-type transformers, customization and modular designs, development of eco-friendly insulation materials, advanced monitoring and diagnostics, advance equipment.
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What are the top drivers to the rising demand in the vacuum pressure encapsulated (vpe) transformer market?
The growing electricity demand is anticipated to fuel the vacuum-pressure encapsulated (VPE) transformer market. Electricity demand refers to the amount of electrical power being consumed at a given time. It is measured in kilowatts (kW) and represents the rate at which electricity is used. Vacuum-pressure-encapsulated transformers boast excellent mechanical and short-circuit strength, eliminating the risk of fire or explosion and managing electricity by providing effective electrical isolation. For instance, in October 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, in July 2024, electricity production was 996.1 TWh, up 2.6% from the previous year, driven by a 7.8% increase in renewables. Solar surged 20.6%, and hydropower rose 8.1%. Renewables made up 32.9% of the electricity mix. Therefore, the growing electricity demand is driving the vacuum-pressure encapsulated (VPE) transformer market.
How is the vacuum pressure encapsulated (vpe) transformer market segmented?
The vacuum pressure encapsulated (VPE) transformer market covered in this report is segmented –
1) By Winding: Two Winding, Auto Transformer
2) By Rating: ≤5 MVA, >5 MVA To ≤ 30 MVA, > 30 MVA
3) By Application: Industries, Inner-City Substations, Indoor Or Underground Substations, Renewable Generation, Other Applications
Subsegments:
1) By Two Winding: Standard Two Winding Transformers, Isolation Transformers
2) By Auto Transformer: Step-Up Auto Transformers, Step-Down Auto Transformers
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Who are the top competitors in the vacuum pressure encapsulated (vpe) transformer market?
Major companies operating in the vacuum pressure encapsulated (vpe) transformer market report are Hitachi Ltd., General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens Energy AG, ABB Group, Toshiba Corporation, Eaton Corporation, TBEA Co Ltd., Fuji Electric Co Ltd., WEG SA, Bharat Heavy Electricals Limited (BHEL), Hyundai Electric & Energy Systems Co Ltd., Crompton Greaves Limited, CG Power and Industrial Solutions Limited, Hammond Power Solutions Inc., Virginia Transformer Corp, Voltamp Transformers Limited, Kirloskar Electric Company Limited, Matelec Group
What significant trends should we anticipate in the vacuum pressure encapsulated (vpe) transformer market over the forecast period?
Major companies operating in the vacuum-pressure encapsulated (VPE) transformer market are developing innovative products such as dry-type pole-mounted transformers to provide efficient and environmentally friendly electricity distribution. Dry-type pole-mounted transformers use air or gas as the cooling medium and are mounted on poles for outdoor installation without the need for liquid insulation. For instance, in April 2022, Siemens Energy, a Germany-based energy technology company, launched the CAREPOLE, a Vacuum Pressure Impregnated (VPI) pole-mounted transformer. The transformer is available in single-phase designs with a voltage capacity of up to 36 kV and power ratings ranging from 10 kVA to 100 kVA. Compared to traditional oil-filled transformers, it is a dry-type transformer that uses no oil, making it safer and more ecologically friendly.
Which regional trends are influencing the vacuum pressure encapsulated (vpe) transformer market, and which area dominates the industry?
Asia Pacificwas the largest region in the vacuum pressure encapsulated (VPE) transformer market in 2024. The regions covered in the vacuum pressure encapsulated (vpe) transformer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Vacuum Pressure Encapsulated (VPE) Transformer Market Report 2025 Offer?
The vacuum pressure encapsulated (vpe) transformer market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A vacuum-pressure encapsulated (VPE) transformer is a type of electrical transformer designed with a vacuum-sealed enclosure to enhance insulation and minimize environmental impact, ensuring efficient and reliable power distribution. It utilizes vacuum technology to eliminate air and moisture, reducing the risk of insulation breakdown and extending the transformer’s lifespan.
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