Transformer Market
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.
List of Figures
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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