공기 절연 변압기 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Air Insulated Transformer Market was valued at USD 4.9 billion in 2024 and is estimated to grow at a CAGR of 5.5% to reach USD 8.6 billion by 2034. This upward trajectory is primarily fueled by the increasing demand for dependable and cost-effective electrical systems in high-load regions, along with a broader global shift toward modernizing energy infrastructure. As electrical grids continue to evolve, utilities and industries are actively seeking solutions that support scalable, resilient, and flexible power distribution networks. Air-insulated transformers are playing a critical role in this transformation, particularly in emerging economies and regions with rising power consumption. Their minimal maintenance needs, ease of installation, and reliable performance under varying environmental conditions make them an attractive choice across numerous applications.

Rapid urbanization, expanding renewable energy integration, and the growing deployment of smart grid technologies are adding momentum to the market. Governments and private players are increasing investments in energy infrastructure upgrades, focusing on safer, more efficient alternatives to legacy systems. Unlike oil-immersed or gas-insulated models, air-insulated transformers offer a more eco-friendly and economically viable solution, especially in areas where environmental safety and cost constraints are paramount. The emphasis on grid automation and digital monitoring is also prompting a shift toward transformer designs that support real-time data exchange, enabling predictive maintenance and reduced downtimes. These factors collectively are accelerating the adoption of air-insulated transformers across utility, industrial, and renewable sectors.

Among the various product types, the two-winding air-insulated transformer segment is projected to generate USD 4.4 billion by 2034. These units are widely favored for their affordability, operational simplicity, and reduced component fatigue. Utility providers and industries in cost-sensitive markets are increasingly choosing two-winding transformers for their ability to enhance reliability while minimizing capital and maintenance expenditures. With fewer moving parts and lower vulnerability to faults, these transformers deliver improved grid performance and stability-key priorities for infrastructure planners in both developed and developing regions.

In terms of transformer ratings, the >600 MVA segment is expected to capture 15.4% of the global market share in 2024. These high-capacity transformers are essential for the integration of advanced smart grid technologies, providing the voltage regulation and power stability needed to handle fluctuating demand and decentralized generation. Additionally, air-insulated transformers rated between 10 MVA and 100 MVA continue to be vital for urban and industrial grid modernization efforts, supporting efficient power distribution in dense metropolitan environments.

The U.S. Air Insulated Transformer Market reached USD 1.2 billion in 2024. The widespread push for renewable energy, including solar, wind, and hydroelectric projects, is a significant growth catalyst. These transformers are essential for stepping down voltage levels in decentralized renewable systems, particularly in remote or off-grid installations.

Leading players such as Siemens Energy, ABB, Mitsubishi Electric Corporation, Schneider Electric, Toshiba International Corporation, Eaton, Ormazabal, General Electric, and Trench Group are investing heavily in innovation and R&D. These companies are prioritizing the development of smart transformers that enhance grid integration, improve energy efficiency, and support the growing renewable mix. With expanding manufacturing capacities and strategic collaborations with utility providers and clean energy developers, these key stakeholders are well-positioned to capitalize on the ongoing shift toward intelligent, sustainable power infrastructure.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid
    • 1.4.2.2 Public

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's Analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL Analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Strategic outlook
• 4.3 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Winding, 2021 - 2034, (USD Million, '000 Units)

• 5.1 Key trends
• 5.2 Two winding
• 5.3 Auto transformer

Chapter 6 Market Size and Forecast, By Rating, 2021 - 2034, (USD Million, '000 Units)

• 6.1 Key trends
• 6.2 ≤ 10 MVA
• 6.3 > 10 MVA to ≤ 100 MVA
• 6.4 > 100 MVA to ≤ 600 MVA
• 6.5 > 600 MVA

Chapter 7 Market Size and Forecast, By Application, 2021 - 2034, (USD Million, '000 Units)

• 7.1 Key trends
• 7.2 Residential
• 7.3 Commercial & industrial
• 7.4 Utility

Chapter 8 Market Size and Forecast, By Region, 2021 - 2034, (USD Million, '000 Units)

• 8.1 Key trends
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 France
  • 8.3.3 Russia
  • 8.3.4 UK
  • 8.3.5 Italy
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 South Korea
  • 8.4.4 India
  • 8.4.5 Australia
• 8.5 Middle East & Africa
  • 8.5.1 Saudi Arabia
  • 8.5.2 UAE
  • 8.5.3 South Africa
• 8.6 Latin America
  • 8.6.1 Brazil
  • 8.6.2 Argentina

Chapter 9 Company Profiles

• 9.1 ABB
• 9.2 ARTECHE
• 9.3 Celme
• 9.4 CG Power & Industrial Solutions
• 9.5 DAIHEN Corporation
• 9.6 Eaton
• 9.7 Elsewedy Electric
• 9.8 General Electric
• 9.9 Hyosung Heavy Industries
• 9.10 IMEFY GROUP
• 9.11 Kirloskar Electric Company
• 9.12 Mitsubishi Electric Corporation
• 9.13 Ormazabal
• 9.14 Pfiffner Group
• 9.15 Schneider Electric
• 9.16 Siemens Energy
• 9.17 Toshiba International Corporation
• 9.18 Trench Group