The increasing demand for electricity in developing economies, rapid industrialization, and urbanization are expected to drive the growth of the vacuum pressure encapsulated transformer market. Additionally, the growing focus on renewable energy sources and the need for upgrading aging infrastructure are further fueling the market growth.
Industry
Report Coverage | Details |
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Segments Covered | Winding, Rating, Application |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | ABB, GE, Eaton, Schneider Electric Siemens Energy, Hitachi Energy. CG Power & Industrial Solutions., Toshiba Energy Systems & Solutions Bharat Heavy Electricals Limited (BHEL), Raychem RPG Private Limited Fuji Electric, WEG, URJA Techniques, TMC Transformers S.P.A. SGB SMIT |
The high initial investment cost associated with vacuum pressure encapsulated transformers is a major restraint for market growth. Furthermore, the limited availability of skilled workforce for the installation and maintenance of these transformers is also hindering the market growth.