Gas Insulated Transformer Market
The market for Gas Insulated Transformer was estimated at $4.3 billion in 2024; it is anticipated to increase to $5.8 billion by 2030, with projections indicating growth to around $7.5 billion by 2035.
Global Gas Insulated Transformer Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Gas Insulated Transformer industry revenue is expected to be around $4.5 billion in 2025 and expected to showcase growth with 5.2% CAGR between 2025 and 2034.
GIT stands for Gas Insulated Transformer. Is known for its compact design that provides efficiency and requires minimal maintenance compared to conventional transformers using oil insulation. One key feature of GITs is their suitability for installation in spaces not accommodated by traditional transformers, with oil insulation which helps improve power distribution in densely populated regions.
Market Key Insights
- The Gas Insulated Transformer market is projected to grow from $4.3 billion in 2024 to $7.1 billion in 2034. This represents a CAGR of 5.2%, reflecting rising demand across Energy Sectors, Industrial Applications and Transportation Infrastructure.
- ABB Ltd, General Electric Company, Siemens AG are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Gas Insulated Transformer market and are expected to observe the growth CAGR of 3.4% to 5.0% between 2024 and 2030.
- Emerging markets including Vietnam, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 6.0% to 7.2%.
- Transition like Adoption of Renewable Energy Sources has greater influence in United States and China market's value chain; and is expected to add $163 million of additional value to Gas Insulated Transformer industry revenue by 2030.
- The Gas Insulated Transformer market is set to add $2.8 billion between 2024 and 2034, with manufacturer targeting Medium Voltage & undefined Voltage Rating projected to gain a larger market share.
- With Rise in urbanization, and Increasing industrial projects, Gas Insulated Transformer market to expand 66% between 2024 and 2034.
