- Three-Phase
- Single-Phase
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.
Study Period
Base Year
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Largest Market
Fastest Growing Market
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.
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.
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 |