Lighting Transformer Market
SHARE
PUBLISHED: 2023 ID: SMRC22829
SHARE

Lighting Transformer Market Forecasts to 2028 - Global Analysis By Type (Isolation, Magnetic and Electronic), Power Rating (Small, Medium and Large), Application and By Geography

4.3 (59 reviews)
4.3 (59 reviews)
Published: 2023 ID: SMRC22829

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2022)

US $1.26 BN

Projected Year Value (2028)

US $1.75 BN

CAGR (2022 - 2028)

5.6%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Lighting Transformer Market is accounted for $1.26 billion in 2022 and is expected to reach $1.75 billion by 2028 growing at a CAGR of 5.6% during the forecast period. A lighting transformer is a piece of electrical equipment used to power lighting fixtures by converting the voltage of an electrical circuit to a different voltage level. By altering the voltage going through a circuit and using a transformer, a light may be made brighter or darker. They are often more compact and work at lower temperatures. The power of these transformers is capped at 300 W. The power handling capability of lighting transformers is likewise significantly lower than that of magnetic transformers.

According to a report, European Union's Energy Performance of Buildings Directive (EPBD) mandates that all new buildings must be nearly zero-energy buildings (NZEBs) by 2021.



Market Dynamics:

Driver:

Increasing demand from residential and industrial sectors

The lighting transformers are facing huge demand from residential and industrial sectors. Furthermore, an uptick in demand for electronic transformers from sectors of the economy that need devices with voltages of 33 kV and 440V-220V for home use in residential regions is anticipated to drive the market for these devices globally during the course of the forecasted year.

Restraint:

Limited technology advancements

The vast size and intricate construction of the power transformers, along with the necessary external components and accessories, represent the most sophisticated power transformer technology. The shipping, assembly, and installation processes are needlessly drawn out because to the vast size and exterior components. These elements are restricting market developments.

Opportunity:

Raising government policies

Governments all around the world are implementing programmes to encourage lighting that uses less energy. The need for energy-efficient lighting solutions is being fuelled by governments enacting policies and laws to minimise energy use and greenhouse gas emissions. These initiatives have led to increased adoption of energy-efficient lighting solutions, driving the demand for lighting transformers that can handle the unique voltage requirements of LED lighting.

Threat:

High initial costs

Despite long-term energy and cost savings from energy-efficient lighting options like LED lighting are considerable, some consumers may find the upfront expenses to be unaffordable, especially in developing countries or for those on limited financial resources. Energy-efficient lighting system’s high initial prices are a significant obstacle to their adoption in many areas.

Covid-19 Impact

The COVID-19 pandemic-related lockdown led to a temporary prohibition on production, processing, and import/export across a range of businesses, which reduced consumer demand for a range of goods. However, because to the increased demand for lighting transformers in hospitals, the pharmaceutical industry, and other applications during the pandemic, the market's growth was not significantly impacted.

The isolation segment is expected to be the largest during the forecast period

The isolation segment is estimated to have a lucrative growth, due to the growing need for safety and dependability in lighting systems. Electrical isolation between the input and output circuits is a feature of isolation transformers that helps to lower the danger of electrical shock and safeguards against voltage spikes and surges.

The electronic segment is expected to have the highest CAGR during the forecast period

The electronic segment is anticipated to witness the fastest CAGR growth during the forecast period. This is generally because electronic lighting transformers are being used more often in a variety of applications, including indoor and outdoor lighting, automobile lighting, commercial and residential lighting. Since they are more effective and provide more control over lighting output, electronic transformers are chosen over the other types of transformers.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. The Asia Pacific region is one of the largest markets for lighting transformers sizable portion of the industry. Due to its fast urbanisation, rising demand for energy-efficient lighting systems, and supporting government efforts, the area is anticipated to maintain its market dominance throughout the projection period.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increasing investments and supportive government policies. The expansion of lighting transformer markets is anticipated to be fuelled by consumer demand for energy-efficient lighting systems, rising LED usage and improvements in smart lighting technologies in the region.



Key players in the market

Some of the key players profiled in the Lighting Transformer Market include ABB Ltd, Siemens AG, Eaton Corporation Plc, Schneider Electric SE, Legrand S.A., General Electric Company, WAGO Kontakttechnik GmbH & Co. KG, Philips Lighting Holding B.V., Acme Electric Corporation, OSRAM Licht AG, SolaHD, Hubbell Incorporated, Lutron Electronics Co. Inc., SNC Manufacturing Co. Inc., Bemag Transformer Inc., Marcus Transformers, Hammond Power Solutions Inc., Tamura Corporation, Trans Power Tech and Noratel AS.

Key Developments:

In March 2023, Siemens Smart Infrastructure has launched Connect Box, an open and easy-to-use IoT solution designed to manage small to medium-sized buildings. Connect Box is a user-friendly approach for monitoring building performance, with the potential to optimize energy efficiency by up to 30 percent and to substantially improve indoor air quality.

In February 2023, ABB announced to launch an array of products and solutions at ELECRAMA 2023. ABB Cylon building products and solutions can satisfy the facility’s requirements by using open protocols, utilising universal and secure internet standards, and incorporating cutting-edge technologies.

In February 2023, Schneider Electric, the leader in the digital transformation of energy management and automation, launched its new Industrial Digital Transformation Services. The specialized global service is designed to help industrial enterprises achieve future-ready, innovative, sustainable, and effective end-to-end digital transformation.

Types Covered:
• Isolation
• Magnetic
• Electronic

Power Ratings Covered:
• Small
• Medium
• Large

Applications Covered:
• Residential & Commercial
• Utility
• Industrial

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 2020, 2021, 2022, 2025, and 2028
- 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
o 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 Application Analysis
3.7 Emerging Markets
3.8 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 Lighting Transformer Market, By Type
5.1 Introduction
5.2 Isolation
5.3 Magnetic
5.4 Electronic

6 Global Lighting Transformer Market, By Power Rating
6.1 Introduction
6.2 Small
6.3 Medium
6.4 Large

7 Global Lighting Transformer Market, By Application
7.1 Introduction
7.2 Residential & Commercial
7.3 Utility
7.4 Industrial

8 Global Lighting Transformer Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 ABB Ltd
10.2 Siemens AG
10.3 Eaton Corporation Plc
10.4 Schneider Electric SE
10.5 Legrand S.A.
10.6 General Electric Company
10.7 WAGO Kontakttechnik GmbH & Co. KG
10.8 Philips Lighting Holding B.V.
10.9 Acme Electric Corporation
10.10 OSRAM Licht AG
10.11 SolaHD
10.12 Hubbell Incorporated
10.13 Lutron Electronics Co. Inc.
10.14 SNC Manufacturing Co. Inc.
10.15 Bemag Transformer Inc.
10.16 Marcus Transformers
10.17 Hammond Power Solutions Inc.
10.18 Tamura Corporation
10.19 Trans Power Tech
10.20 Noratel AS

List of Tables
1 Global Lighting Transformer Market Outlook, By Region (2020-2028) ($MN)
2 Global Lighting Transformer Market Outlook, By Type (2020-2028) ($MN)
3 Global Lighting Transformer Market Outlook, By Isolation (2020-2028) ($MN)
4 Global Lighting Transformer Market Outlook, By Magnetic (2020-2028) ($MN)
5 Global Lighting Transformer Market Outlook, By Electronic (2020-2028) ($MN)
6 Global Lighting Transformer Market Outlook, By Power Rating (2020-2028) ($MN)
7 Global Lighting Transformer Market Outlook, By Small (2020-2028) ($MN)
8 Global Lighting Transformer Market Outlook, By Medium (2020-2028) ($MN)
9 Global Lighting Transformer Market Outlook, By Large (2020-2028) ($MN)
10 Global Lighting Transformer Market Outlook, By Application (2020-2028) ($MN)
11 Global Lighting Transformer Market Outlook, By Residential & Commercial (2020-2028) ($MN)
12 Global Lighting Transformer Market Outlook, By Utility (2020-2028) ($MN)
13 Global Lighting Transformer Market Outlook, By Industrial (2020-2028) ($MN)
14 North America Lighting Transformer Market Outlook, By Country (2020-2028) ($MN)
15 North America Lighting Transformer Market Outlook, By Type (2020-2028) ($MN)
16 North America Lighting Transformer Market Outlook, By Isolation (2020-2028) ($MN)
17 North America Lighting Transformer Market Outlook, By Magnetic (2020-2028) ($MN)
18 North America Lighting Transformer Market Outlook, By Electronic (2020-2028) ($MN)
19 North America Lighting Transformer Market Outlook, By Power Rating (2020-2028) ($MN)
20 North America Lighting Transformer Market Outlook, By Small (2020-2028) ($MN)
21 North America Lighting Transformer Market Outlook, By Medium (2020-2028) ($MN)
22 North America Lighting Transformer Market Outlook, By Large (2020-2028) ($MN)
23 North America Lighting Transformer Market Outlook, By Application (2020-2028) ($MN)
24 North America Lighting Transformer Market Outlook, By Residential & Commercial (2020-2028) ($MN)
25 North America Lighting Transformer Market Outlook, By Utility (2020-2028) ($MN)
26 North America Lighting Transformer Market Outlook, By Industrial (2020-2028) ($MN)
27 Europe Lighting Transformer Market Outlook, By Country (2020-2028) ($MN)
28 Europe Lighting Transformer Market Outlook, By Type (2020-2028) ($MN)
29 Europe Lighting Transformer Market Outlook, By Isolation (2020-2028) ($MN)
30 Europe Lighting Transformer Market Outlook, By Magnetic (2020-2028) ($MN)
31 Europe Lighting Transformer Market Outlook, By Electronic (2020-2028) ($MN)
32 Europe Lighting Transformer Market Outlook, By Power Rating (2020-2028) ($MN)
33 Europe Lighting Transformer Market Outlook, By Small (2020-2028) ($MN)
34 Europe Lighting Transformer Market Outlook, By Medium (2020-2028) ($MN)
35 Europe Lighting Transformer Market Outlook, By Large (2020-2028) ($MN)
36 Europe Lighting Transformer Market Outlook, By Application (2020-2028) ($MN)
37 Europe Lighting Transformer Market Outlook, By Residential & Commercial (2020-2028) ($MN)
38 Europe Lighting Transformer Market Outlook, By Utility (2020-2028) ($MN)
39 Europe Lighting Transformer Market Outlook, By Industrial (2020-2028) ($MN)
40 Asia Pacific Lighting Transformer Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Lighting Transformer Market Outlook, By Type (2020-2028) ($MN)
42 Asia Pacific Lighting Transformer Market Outlook, By Isolation (2020-2028) ($MN)
43 Asia Pacific Lighting Transformer Market Outlook, By Magnetic (2020-2028) ($MN)
44 Asia Pacific Lighting Transformer Market Outlook, By Electronic (2020-2028) ($MN)
45 Asia Pacific Lighting Transformer Market Outlook, By Power Rating (2020-2028) ($MN)
46 Asia Pacific Lighting Transformer Market Outlook, By Small (2020-2028) ($MN)
47 Asia Pacific Lighting Transformer Market Outlook, By Medium (2020-2028) ($MN)
48 Asia Pacific Lighting Transformer Market Outlook, By Large (2020-2028) ($MN)
49 Asia Pacific Lighting Transformer Market Outlook, By Application (2020-2028) ($MN)
50 Asia Pacific Lighting Transformer Market Outlook, By Residential & Commercial (2020-2028) ($MN)
51 Asia Pacific Lighting Transformer Market Outlook, By Utility (2020-2028) ($MN)
52 Asia Pacific Lighting Transformer Market Outlook, By Industrial (2020-2028) ($MN)
53 South America Lighting Transformer Market Outlook, By Country (2020-2028) ($MN)
54 South America Lighting Transformer Market Outlook, By Type (2020-2028) ($MN)
55 South America Lighting Transformer Market Outlook, By Isolation (2020-2028) ($MN)
56 South America Lighting Transformer Market Outlook, By Magnetic (2020-2028) ($MN)
57 South America Lighting Transformer Market Outlook, By Electronic (2020-2028) ($MN)
58 South America Lighting Transformer Market Outlook, By Power Rating (2020-2028) ($MN)
59 South America Lighting Transformer Market Outlook, By Small (2020-2028) ($MN)
60 South America Lighting Transformer Market Outlook, By Medium (2020-2028) ($MN)
61 South America Lighting Transformer Market Outlook, By Large (2020-2028) ($MN)
62 South America Lighting Transformer Market Outlook, By Application (2020-2028) ($MN)
63 South America Lighting Transformer Market Outlook, By Residential & Commercial (2020-2028) ($MN)
64 South America Lighting Transformer Market Outlook, By Utility (2020-2028) ($MN)
65 South America Lighting Transformer Market Outlook, By Industrial (2020-2028) ($MN)
66 Middle East & Africa Lighting Transformer Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Lighting Transformer Market Outlook, By Type (2020-2028) ($MN)
68 Middle East & Africa Lighting Transformer Market Outlook, By Isolation (2020-2028) ($MN)
69 Middle East & Africa Lighting Transformer Market Outlook, By Magnetic (2020-2028) ($MN)
70 Middle East & Africa Lighting Transformer Market Outlook, By Electronic (2020-2028) ($MN)
71 Middle East & Africa Lighting Transformer Market Outlook, By Power Rating (2020-2028) ($MN)
72 Middle East & Africa Lighting Transformer Market Outlook, By Small (2020-2028) ($MN)
73 Middle East & Africa Lighting Transformer Market Outlook, By Medium (2020-2028) ($MN)
74 Middle East & Africa Lighting Transformer Market Outlook, By Large (2020-2028) ($MN)
75 Middle East & Africa Lighting Transformer Market Outlook, By Application (2020-2028) ($MN)
76 Middle East & Africa Lighting Transformer Market Outlook, By Residential & Commercial (2020-2028) ($MN)
77 Middle East & Africa Lighting Transformer Market Outlook, By Utility (2020-2028) ($MN)
78 Middle East & Africa Lighting Transformer Market Outlook, By Industrial (2020-2028) ($MN

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials