Amorphous Alloys Transformer Market
Amorphous Alloys Transformer Market Forecasts to 2030 - Global Analysis By Product Type (Vertical, Wall-mounted, Oil-immersed, High Pressure, Low Pressure and Other Product Types), Core Structure (Wound Core, Laminated Core), Voltage Rating (Low Voltage, Medium Voltage and High Voltage), Cooling Method, Distribution Channel, Application and By Geography
According to Stratistics MRC, the Global Amorphous Alloys Transformer Market is accounted for $1.88 billion in 2023 and is expected to reach $4.16 billion by 2030 growing at a CAGR of 12.0% during the forecast period. A power transformer with an amorphous metal serving as the active material in at least one of its windings is known as an amorphous alloy transformer. Additionally, compared to traditional crystalline metals, amorphous metal has distinct electrical properties that enable transformers to have lower no-load losses and better load regulation.
According to a 2008 study by Strategies for development and diffusion of Energy-Efficient Distribution Transformers around 4.6 million distribution transformers are installed in the EU. Their losses exceed 38 TWh/year - this is more than the entire amount of electricity consumed by Denmark (or 8.5% of the electricity consumed in the UK) and equates to 30million tonnes of CO2.
Market Dynamics:
Driver:
Sustainability and environmental regulations
Adoption of amorphous alloy transformers has been encouraged by stronger regulations aimed at reducing greenhouse gas emissions and an increasing focus on environmental sustainability. Moreover, by assisting in the substantial reduction of energy losses and the mitigation of the environmental effects of electricity distribution, these transformers support green energy initiatives.
Restraint:
Higher initial cost
Amorphous alloy transformers can have a higher initial cost, which can be a major obstacle for organizations on a tight budget. Furthermore, the disparity in cost can be attributed to distinct alloy materials, specialized manufacturing techniques, and reduced production economies of scale. Even though these transformers provide long-term energy savings, some potential users may be discouraged by the initial outlay, particularly in markets with tight financial resources.
Opportunity:
Initiatives for sustainability
Global sustainability initiatives can benefit greatly from the use of amorphous alloy transformers. Through the reduction of energy losses, they help to lessen the environmental impact of power distribution. Moreover, the use of these transformers supports these objectives and strengthens an organization's standing as an environmentally conscious business or government agency as sustainability becomes an integral part of agendas.
Threat:
Insufficient standardization
Variations in product quality and performance can result from the lack of standard testing and rating protocols for transformers made of amorphous alloys. However, there isn't an industry-wide standard to guarantee consistency in testing and performance procedures, so users might have trouble comparing and choosing appropriate transformers.
Covid-19 Impact:
The COVID-19 pandemic had a significant effect on a number of markets, lowering demand, upsetting supply chains, and creating uncertainty in the economy. Regarding amorphous alloy transformers, the early stages of the pandemic caused delays in supply chain and manufacturing, this could have affected project deadlines. Additionally, in order to improve energy management, lower operating costs, and address environmental concerns in the post-pandemic landscape, organizations sought to accelerate the shift to more efficient transformer technologies, which were made possible by the pandemic.
The Oil-immersed segment is expected to be the largest during the forecast period
It is anticipated that the oil-immersed segment will hold the largest market share. Because of their dependable and well-proven performance, oil-immersed transformers are widely used in many different applications, such as power distribution and industrial settings. Numerous industries and utility companies choose these transformers because of their reputation for effectively managing high voltage and power loads. Their oil insulation provides efficient insulation for increased efficiency in addition to cooling assistance. Furthermore, they cemented their dominant position in the market by being able to accommodate a broad range of voltage and power requirements due to their availability in multiple capacities.
The Renewable Energy segment is expected to have the highest CAGR during the forecast period
It is expected that the market's highest CAGR will belong to the renewable energy segment. Renewable energy technologies like wind, solar, and hydropower are becoming more widely used as a result of the world's shift towards clean and sustainable energy sources. Moreover, transformers and other modern, efficient electrical infrastructure are needed for these technologies to be supported on the grid. Transformer demand has increased in the renewable energy sector due to the focus on lowering carbon emissions and switching to green energy sources, which has resulted in a high growth rate.
Region with largest share:
Due to the widespread adoption of energy-efficient technologies, particularly in nations like China and India, Asia-Pacific held the largest share in the market for amorphous alloy transformers. However, these countries are undergoing significant industrial and infrastructure development, which has raised the need for cutting-edge power distribution systems to reduce energy losses and improve overall energy efficiency. The market has grown even more as a result of favorable government policies and incentives in these areas that have promoted the installation of transformers made of amorphous alloys.
Region with highest CAGR:
The amorphous alloy transformer market is expected to grow at the highest CAGR in the North American region. Numerous factors contributed to this growth, such as the emphasis on lowering environmental impact and increasing energy efficiency. Moreover, amorphous alloy transformer demand is growing in the utility and industrial sectors in the US and Canada as a result of stricter regulations and a greater focus on sustainable energy solutions.
Key players in the market
Some of the key players in Amorphous Alloys Transformer market include Sunten Electric Equipment Corporation (SUNTEN), ABB Limited, Tebian Electric Apparatus Corporation (TBEA), Siemens Energy AG, Baoding Tianwei Baobian Electric Co., Ltd, BGR Energy Systems Limited, Wilson Power Solutions, Powerstar, ProlecGE, CEEG Transformer CO., Ltd (CEEG), Vijai Electricals, Yangdong Electric, Chongqing Road Engineering & Asphalt Technologies (CREAT), Zhixin Electric and Hitachi.
Key Developments:
In October 2023, ABB has signed a Memorandum of Understanding (MoU) agreement with UK-based clean technology group Altilium to jointly explore how the integration of automation, electrification, and digital technologies in plants across Europe can support the scaling up of battery materials recycling. Altilium is developing green processing technologies and building infrastructure at scale for the recycling of metals and electric vehicle (EV) battery waste, with the aim of ensuring a domestic supply chain of low-carbon battery materials for the automotive industry.
In September 2023, Hitachi Energy India Ltd (HEIL) on said it has won a contract from Ayana Renewable Power to provide a grid connection solution for their upcoming 300-megawatt (MW) solar photovoltaic power plant in Bikaner, Rajasthan.
In December 2022, STS Medical Group and Industrial affiliate the Federation of Light Industry, signed their first collective agreement. The signing took place four days after a protest rally where hundreds of workers demanded adequate pay for their work.
Product Types Covered:
• Vertical
• Wall-mounted
• Oil-immersed
• High Pressure
• Low Pressure
• Other Product Types
Core Structures Covered:
• Wound Core
• Laminated Core
Voltage Ratings Covered:
• Low Voltage
• Medium Voltage
• High Voltage
Cooling Methods Covered:
• Oil Cooled
• Dry-type
Distribution Channels Covered:
• Direct Sales
• Distribution
Applications Covered:
• Power Plant
• Electronic Equipment
• Power Construction
• Industry
• Residential
• Glass
• Semiconductor
• Renewable Energy
• Infrastructure & Transportation
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Amorphous Alloys Transformer Market, By Product Type
5.1 Introduction
5.2 Vertical
5.3 Wall-mounted
5.4 Oil-immersed
5.5 High Pressure
5.6 Low Pressure
5.7 Other Product Types
6 Global Amorphous Alloys Transformer Market, By Core Structure
6.1 Introduction
6.2 Wound Core
6.3 Laminated Core
7 Global Amorphous Alloys Transformer Market, By Voltage Rating
7.1 Introduction
7.2 Low Voltage
7.3 Medium Voltage
7.4 High Voltage
8 Global Amorphous Alloys Transformer Market, By Cooling Method
8.1 Introduction
8.2 Oil Cooled
8.3 Dry-type
9 Global Amorphous Alloys Transformer Market, By Distribution Channel
9.1 Introduction
9.2 Direct Sales
9.3 Distribution
10 Global Amorphous Alloys Transformer Market, By Application
10.1 Introduction
10.2 Power Plant
10.3 Electronic Equipment
10.4 Power Construction
10.5 Industry
10.6 Residential
10.7 Glass
10.8 Semiconductor
10.9 Renewable Energy
10.10 Infrastructure & Transportation
10.11 Other Applications
11 Global Amorphous Alloys Transformer Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Sunten Electric Equipment Corporation (SUNTEN)
13.2 ABB Limited
13.3 Tebian Electric Apparatus Corporation (TBEA)
13.4 Siemens Energy AG
13.5 Baoding Tianwei Baobian Electric Co., Ltd
13.6 BGR Energy Systems Limited
13.7 Wilson Power Solutions
13.8 Powerstar
13.9 ProlecGE
13.10 CEEG Transformer CO., Ltd (CEEG)
13.11 Vijai Electricals
13.12 Yangdong Electric
13.13 Chongqing Road Engineering & Asphalt Technologies (CREAT)
13.14 Zhixin Electric
13.15 Hitachi
List of Tables
1 Global Amorphous Alloys Transformer Market Outlook, By Region (2021-2030) ($MN)
2 Global Amorphous Alloys Transformer Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Amorphous Alloys Transformer Market Outlook, By Vertical (2021-2030) ($MN)
4 Global Amorphous Alloys Transformer Market Outlook, By Wall-mounted (2021-2030) ($MN)
5 Global Amorphous Alloys Transformer Market Outlook, By Oil-immersed (2021-2030) ($MN)
6 Global Amorphous Alloys Transformer Market Outlook, By High Pressure (2021-2030) ($MN)
7 Global Amorphous Alloys Transformer Market Outlook, By Low Pressure (2021-2030) ($MN)
8 Global Amorphous Alloys Transformer Market Outlook, By Other Product Types (2021-2030) ($MN)
9 Global Amorphous Alloys Transformer Market Outlook, By Core Structure (2021-2030) ($MN)
10 Global Amorphous Alloys Transformer Market Outlook, By Wound Core (2021-2030) ($MN)
11 Global Amorphous Alloys Transformer Market Outlook, By Laminated Core (2021-2030) ($MN)
12 Global Amorphous Alloys Transformer Market Outlook, By Voltage Rating (2021-2030) ($MN)
13 Global Amorphous Alloys Transformer Market Outlook, By Low Voltage (2021-2030) ($MN)
14 Global Amorphous Alloys Transformer Market Outlook, By Medium Voltage (2021-2030) ($MN)
15 Global Amorphous Alloys Transformer Market Outlook, By High Voltage (2021-2030) ($MN)
16 Global Amorphous Alloys Transformer Market Outlook, By Cooling Method (2021-2030) ($MN)
17 Global Amorphous Alloys Transformer Market Outlook, By Oil Cooled (2021-2030) ($MN)
18 Global Amorphous Alloys Transformer Market Outlook, By Dry-type (2021-2030) ($MN)
19 Global Amorphous Alloys Transformer Market Outlook, By Distribution Channel (2021-2030) ($MN)
20 Global Amorphous Alloys Transformer Market Outlook, By Direct Sales (2021-2030) ($MN)
21 Global Amorphous Alloys Transformer Market Outlook, By Distribution (2021-2030) ($MN)
22 Global Amorphous Alloys Transformer Market Outlook, By Application (2021-2030) ($MN)
23 Global Amorphous Alloys Transformer Market Outlook, By Power Plant (2021-2030) ($MN)
24 Global Amorphous Alloys Transformer Market Outlook, By Electronic Equipment (2021-2030) ($MN)
25 Global Amorphous Alloys Transformer Market Outlook, By Power Construction (2021-2030) ($MN)
26 Global Amorphous Alloys Transformer Market Outlook, By Industry (2021-2030) ($MN)
27 Global Amorphous Alloys Transformer Market Outlook, By Residential (2021-2030) ($MN)
28 Global Amorphous Alloys Transformer Market Outlook, By Glass (2021-2030) ($MN)
29 Global Amorphous Alloys Transformer Market Outlook, By Semiconductor (2021-2030) ($MN)
30 Global Amorphous Alloys Transformer Market Outlook, By Renewable Energy (2021-2030) ($MN)
31 Global Amorphous Alloys Transformer Market Outlook, By Infrastructure & Transportation (2021-2030) ($MN)
32 Global Amorphous Alloys Transformer Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 2 North America Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 3 US Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 4 Canada Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 6 Europe Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 7 Germany Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 8 UK Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 9 Italy Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 10 France Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 11 Spain Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 14 Japan Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 15 China Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 16 India Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 17 Australia Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 21 South America Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 24 Chile Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 28 UAE Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Amorphous Alloys Transformer Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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