Europe Gas Insulated Transformer Market Size & Outlook
Europe gas insulated transformer market highlights
- The Europe gas insulated transformer market generated a revenue of USD 686.0 million in 2024.
- The market is expected to grow at a CAGR of 4.4% from 2025 to 2030.
- In terms of segment, medium voltage (up to 72.5 kv) was the largest revenue generating voltage in 2024.
- Medium Voltage (Up to 72.5 Kv) is the most lucrative voltage segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2024 | USD 686.0 million |
| Market revenue in 2030 | USD 883.7 million |
| Growth rate | 4.4% (CAGR from 2025 to 2030) |
| Largest segment | Medium voltage (up to 72.5 kv) |
| Fastest growing segment | Medium Voltage (Up to 72.5 Kv) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medium Voltage (Up to 72.5 Kv) |
| Key market players worldwide | Meidensha, Arteche, Mitsubishi Electric Corp, Toshiba Corporation, Hitachi Energy, Grid Solutions, Takaoka Toko, Fortune Electric, Siemens Energy AG ADR, Hyosung Heavy Industries, Nissin Electric, TransPower |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.2% of the global gas insulated transformer market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,622.0 million by 2030.
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Gas Insulated Transformer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| TransPower | View profile | 11-50 | Escondido, California, United States, North America | https://transpowerusa.com |
| Hyosung Heavy Industries | View profile | 1001-5000 | Mapo, Seoul-t'ukpyolsi, South Korea, Asia | http://www.hyosungheavyindustries.com/ |
| Fortune Electric | View profile | 501-1000 | Taoyüan, T'ai-wan, Taiwan, Asia | https://www.fortune.com.tw |
| Takaoka Toko | View profile | 1001-5000 | Toyosu, Tokyo, Japan, Asia | https://www.tktk.co.jp/ |
| Grid Solutions | View profile | 10001+ | La Défense, Ile-de-France, France, Europe | https://www.gevernova.com/grid-solutions/ |
| Meidensha | View profile | 5001-10000 | Tokyo, Tokyo, Japan, Asia | https://www.meidensha.co.jp/ |
| Arteche | View profile | 1001-5000 | Muggia, Friuli-Venezia Giulia, Italy, Europe | https://www.arteche.com/ |
| Nissin Electric | View profile | 5001-10000 | Kyoto, Kyoto, Japan, Asia | http://nissin.jp/ |
| Hitachi Energy | View profile | 10001+ | Zürich, Zurich, Switzerland, Europe | https://www.hitachienergy.com/ |
| Siemens Energy AG ADR | View profile | 97000 | Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 | https://www.siemens-energy.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Europe gas insulated transformer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas insulated transformer market will help companies and investors design strategic landscapes.
Medium voltage (up to 72.5 kv) was the largest segment with a revenue share of 104.08% in 2024. Horizon Databook has segmented the Europe gas insulated transformer market based on medium voltage (up to 72.5 kv) covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of gas insulated transformer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe gas insulated transformer market , including forecasts for subscribers. This continent databook contains high-level insights into Europe gas insulated transformer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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