Transformer Market
PUBLISHED: 2021 ID: SMRC20962
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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

4.1 (15 reviews)
4.1 (15 reviews)
Published: 2021 ID: SMRC20962

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


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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