DUBLIN, Nov. 10, 2022 (GLOBE NEWSWIRE) — The “Vacuum Pressure Impregnated Transformers Market by Phase, Voltage Range, End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030” Report has been added ResearchAndMarkets.com Offer.
The global market for vacuum pressure impregnated (VPI) transformers is projected to reach US$2,471.8 million by 2030, growing from US$1,440.3 million in 2021 at a CAGR of 6.2% from 2022 to 2030.
VPI transformers are vacuum pressure impregnated with a high temperature polyester varnish that has excellent heat resistance and surface wettability. It is easy to install and maintain, reduces wiring costs, and can withstand current overload.
The increasing demand for power distribution around the world has expanded in recent years as a result of the development of various industries in developing countries. Chemical, pharmaceutical, steel, refinery, mining, self-power projects, hydroelectric projects and windmill farms all require a specific output voltage to operate productively and safely. The pressure-impregnated vacuum transformer is a suitable solution to meet the safety and voltage requirements of these industries.
Depending on the country’s resource base, organizational and technological competence, policy framework, availability of financing for cost fluctuations and trade-offs, the World Bank Group will promote and finance all sources of renewable energy. These drivers are expected to boost the market…
