Transformer Market Forecasts to 2028 – Global Analysis By Type (Low Rated transformer, High Rated transformer), Power Rating (Large, Medium, Small), Phase (Three Phase, Single Phase) and By Geography
According to Stratistics MRC, the Global Transformer Market is accounted for $54.27 billion in 2020 and is expected to reach $123.29 billion by 2028 growing at a CAGR of 10.8% during the forecast period. The rise in the growth of microgrid and power generation & transmission technologies and growth in industrialization & centralization are driving the market growth. However, high initial and instability in the pricing of raw materials costs are hampering the growth of the market.
The transformer is a passive electrical device that transfers electrical energy from one circuit to another electrical circuit. A changing current in any one coil of the transformer creates a varying magnetic flux in the transformer’s core which brings a varying electromotive force across any other coils wrapped around the same core. Electrical energy can be moved among distinct coils without a metallic connection between the two circuits. Transformers are generally used for increasing low AC voltages at the high current or decreasing high AC voltages at low current in electric power applications and for coupling the stages of signal processing circuits.
Based on the phase, the three phase segment is going to have lucrative growth during the forecast period, due to extensive applications such as providing large loads, power transmission of the electrical grids in the power generation and increasing application in the transmission and distribution sector. The three phase transformers are progressively used owing to their numerous advantages like they smaller and lighter to construct, they have better operating characteristics.
By geography, Asia Pacific is going to have high growth during the forecast period, due to the increasing up-gradation of power and distribution infrastructure, replacement of aging equipment, and the increasing development in heavy industries and renewable energy are some of the factor’s propel the market growth across the province.
Some of the key players profiled in the Transformer Market include ABB Ltd, Alstom, Eaton, General Electric Company, Hammond Power Solutions Inc, Hitachi, Kirloskar Electric Company, Mitsubishi Electric Corporation, RITZ Instrument Transformers GmbH, Schneider Electric, SGB-SMIT, Siemens AG, SPX Transformer Solutions, Toshiba Corporation.
Types Covered:
• Low Rated transformer
• High Rated transformer
Power Ratings Covered:
• Large
• Medium
• Small
Phases Covered:
• Three Phase
• Single Phase
Insulations Covered:
• Air
• Gas
• Oil
• Solid
Cores Covered:
• Berry
• Closed
• Shell
Products Covered:
• Distribution Transformer
• Power Transformer
• Instrument Transformer
Windings Covered:
• Two Winding
• Auto Transformer
Installations Covered:
• Outdoor
• Indoor
Ratings Covered:
• ≤ 10 MVA
• 11 to 60 MVA
• 61 MVA to 600 MVA
• > 600 MVA
Mountings Covered:
• Pad
• PC/PCB (Printed Circuit Board)
• Pole
Cooling’s Covered:
• Dry Type
• Oil Immersed
Applications Covered:
• Residential & Commercial
• Energy and Power Utilities
• Metallurgy Industry
• Power Distribution
• Power Generation
• Power Transmission
• Industrial
• Petrochemicals Industry
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 2019, 2020, 2021, 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 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 Transformer Market, By Type
5.1 Introduction
5.2 Low Rated transformer
5.3 High Rated transformer
6 Global Transformer Market, By Power Rating
6.1 Introduction
6.2 Large
6.3 Medium
6.4 Small
7 Global Transformer Market, By Phase
7.1 Introduction
7.2 Three Phase
7.3 Single Phase
8 Global Transformer Market, By Insulation
8.1 Introduction
8.2 Air
8.3 Gas
8.4 Oil
8.5 Solid
9 Global Transformer Market, By Core
9.1 Introduction
9.2 Berry
9.3 Closed
9.4 Shell
10 Global Transformer Market, By Product
10.1 Introduction
10.2 Power Transformer
10.3 Distribution Transformer
10.4 Instrument Transformer
10.4.1 Current
10.4.2 Potential
11 Global Transformer Market, By Winding
11.1 Introduction
11.2 Two Winding
11.3 Auto Transformer
12 Global Transformer Market, By Installation
12.1 Introduction
12.2 Outdoor
12.3 Indoor
13 Global Transformer Market, By Rating
13.1 Introduction
13.2 ≤ 10 MVA
13.3 11 to 60 MVA
13.4 61 MVA to 600 MVA
13.5 > 600 MVA
14 Global Transformer Market, By Mounting
14.1 Introduction
14.2 Pad
14.3 PC/PCB (Printed Circuit Board)
14.4 Pole
15 Global Transformer Market, By Cooling
15.1 Introduction
15.2 Dry Type
15.2.1 Self-Air
15.2.2 Air Blast
15.3 Oil Immersed
15.3.1 Forced Oil
15.3.2 Self-cooled
15.3.3 Water cooled
16 Global Transformer Market, By Application
16.1 Introduction
16.2 Residential & Commercial
16.2.1 Hotels
16.2.2 Hospitals
16.2.3 Apartments
16.3 Energy and Power Utilities
16.4 Metallurgy Industry
16.5 Power Distribution
16.6 Power Generation
16.7 Power Transmission
16.8 Industrial
16.8.1 Cement
16.8.2 Oil & Gas
16.8.3 Power
16.8.4 Railways
16.5 Petrochemicals Industry
17 Global Transformer Market, By Geography
17.1 Introduction
17.2 North America
17.2.1 US
17.2.2 Canada
17.2.3 Mexico
17.3 Europe
17.3.1 Germany
17.3.2 UK
17.3.3 Italy
17.3.4 France
17.3.5 Spain
17.3.6 Rest of Europe
17.4 Asia Pacific
17.4.1 Japan
17.4.2 China
17.4.3 India
17.4.4 Australia
17.4.5 New Zealand
17.4.6 South Korea
17.4.7 Rest of Asia Pacific
17.5 South America
17.5.1 Argentina
17.5.2 Brazil
17.5.3 Chile
17.5.4 Rest of South America
17.6 Middle East & Africa
17.6.1 Saudi Arabia
17.6.2 UAE
17.6.3 Qatar
17.6.4 South Africa
17.6.5 Rest of Middle East & Africa
18 Key Developments
18.1 Agreements, Partnerships, Collaborations and Joint Ventures
18.2 Acquisitions & Mergers
18.3 New Product Launch
18.4 Expansions
18.5 Other Key Strategies
19 Company Profiling
19.1 ABB Ltd
19.2 Alstom
19.3 Eaton
19.4 General Electric Company
19.5 Hammond Power Solutions Inc
19.6 Hitachi
19.7 Kirloskar Electric Company
19.8 Mitsubishi Electric Corporation
19.9 RITZ Instrument Transformers GmbH
19.10 Schneider Electric
19.11 SGB-SMIT
19.12 Siemens AG
19.13 SPX Transformer Solutions
19.14 Toshiba Corporation
List of Tables
1 Global Transformer Market Outlook, By Region (2019-2028) (US $MN)
2 Global Transformer Market Outlook, By Type (2019-2028) (US $MN)
3 Global Transformer Market Outlook, By Low Rated transformer (2019-2028) (US $MN)
4 Global Transformer Market Outlook, By High Rated transformer (2019-2028) (US $MN)
5 Global Transformer Market Outlook, By Power Rating (2019-2028) (US $MN)
6 Global Transformer Market Outlook, By Large (2019-2028) (US $MN)
7 Global Transformer Market Outlook, By Medium (2019-2028) (US $MN)
8 Global Transformer Market Outlook, By Small (2019-2028) (US $MN)
9 Global Transformer Market Outlook, By Phase (2019-2028) (US $MN)
10 Global Transformer Market Outlook, By Three Phase (2019-2028) (US $MN)
11 Global Transformer Market Outlook, By Single Phase (2019-2028) (US $MN)
12 Global Transformer Market Outlook, By Insulation (2019-2028) (US $MN)
13 Global Transformer Market Outlook, By Air (2019-2028) (US $MN)
14 Global Transformer Market Outlook, By Gas (2019-2028) (US $MN)
15 Global Transformer Market Outlook, By Oil (2019-2028) (US $MN)
16 Global Transformer Market Outlook, By Solid (2019-2028) (US $MN)
17 Global Transformer Market Outlook, By Core (2019-2028) (US $MN)
18 Global Transformer Market Outlook, By Berry (2019-2028) (US $MN)
19 Global Transformer Market Outlook, By Closed (2019-2028) (US $MN)
20 Global Transformer Market Outlook, By Shell (2019-2028) (US $MN)
21 Global Transformer Market Outlook, By Product (2019-2028) (US $MN)
22 Global Transformer Market Outlook, By Power Transformer (2019-2028) (US $MN)
23 Global Transformer Market Outlook, By Distribution Transformer (2019-2028) (US $MN)
24 Global Transformer Market Outlook, By Instrument Transformer (2019-2028) (US $MN)
25 Global Transformer Market Outlook, By Current (2019-2028) (US $MN)
26 Global Transformer Market Outlook, By Potential (2019-2028) (US $MN)
27 Global Transformer Market Outlook, By Winding (2019-2028) (US $MN)
28 Global Transformer Market Outlook, By Two Winding (2019-2028) (US $MN)
29 Global Transformer Market Outlook, By Auto Transformer (2019-2028) (US $MN)
30 Global Transformer Market Outlook, By Installation (2019-2028) (US $MN)
31 Global Transformer Market Outlook, By Outdoor (2019-2028) (US $MN)
32 Global Transformer Market Outlook, By Indoor (2019-2028) (US $MN)
33 Global Transformer Market Outlook, By Rating (2019-2028) (US $MN)
34 Global Transformer Market Outlook, By ≤ 10 MVA (2019-2028) (US $MN)
35 Global Transformer Market Outlook, By 11 to 60 MVA (2019-2028) (US $MN)
36 Global Transformer Market Outlook, By 61 MVA to 600 MVA (2019-2028) (US $MN)
37 Global Transformer Market Outlook, By > 600 MVA (2019-2028) (US $MN)
38 Global Transformer Market Outlook, By Mounting (2019-2028) (US $MN)
39 Global Transformer Market Outlook, By Pad (2019-2028) (US $MN)
40 Global Transformer Market Outlook, By PC/PCB (Printed Circuit Board)(2019-2028) (US $MN)
41 Global Transformer Market Outlook, By Pole (2019-2028) (US $MN)
42 Global Transformer Market Outlook, By Cooling (2019-2028) (US $MN)
43 Global Transformer Market Outlook, By Dry Type (2019-2028) (US $MN)
44 Global Transformer Market Outlook, By Self-Air (2019-2028) (US $MN)
45 Global Transformer Market Outlook, By Air Blast (2019-2028) (US $MN)
46 Global Transformer Market Outlook, By Oil Immersed (2019-2028) (US $MN)
47 Global Transformer Market Outlook, By Forced Oil (2019-2028) (US $MN)
48 Global Transformer Market Outlook, By Self-cooled (2019-2028) (US $MN)
49 Global Transformer Market Outlook, By Water cooled (2019-2028) (US $MN)
50 Global Transformer Market Outlook, By Application (2019-2028) (US $MN)
51 Global Transformer Market Outlook, By Residential & Commercial (2019-2028) (US $MN)
52 Global Transformer Market Outlook, By Hotels (2019-2028) (US $MN)
53 Global Transformer Market Outlook, By Hospitals (2019-2028) (US $MN)
54 Global Transformer Market Outlook, By Apartments (2019-2028) (US $MN)
55 Global Transformer Market Outlook, By Energy and Power Utilities (2019-2028) (US $MN)
56 Global Transformer Market Outlook, By Metallurgy Industry (2019-2028) (US $MN)
57 Global Transformer Market Outlook, By Power Distribution (2019-2028) (US $MN)
58 Global Transformer Market Outlook, By Power Generation (2019-2028) (US $MN)
59 Global Transformer Market Outlook, By Power Transmission (2019-2028) (US $MN)
60 Global Transformer Market Outlook, By Industrial (2019-2028) (US $MN)
61 Global Transformer Market Outlook, By Cement (2019-2028) (US $MN)
62 Global Transformer Market Outlook, By Oil & Gas (2019-2028) (US $MN)
63 Global Transformer Market Outlook, By Power (2019-2028) (US $MN)
64 Global Transformer Market Outlook, By Railways (2019-2028) (US $MN)
65 Global Transformer Market Outlook, By Petrochemicals Industry (2019-2028) (US $MN)
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.