Global Power Transformers Market Analysis –Trends, Insights & Forecasts (2023-2030)

  • Publish Date
    May 14, 2023
  • No of Pages
    412
  • SKU Code
    GIR 9874
  • Format

Report Overview

  • Understand the latest market trends and future growth opportunities for the Power Transformers industry globally with research from the Global Industry Reports team of in-country analysts – experts by industry and geographic specialization.
  • Key trends are clearly and succinctly summarized alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight, and confident growth projections.
  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Power Transformers Market” by various segments at a global and regional level for the 2010-2030 period, with 2010-2021 as historical data, 2022 as a base year, 2023 as an estimated year and 2023-2030 as forecast period.

Description:

  • In the changed post COVID-19 business landscape, the global market for Power Transformers is estimated at US$27 Billion in the year 2022, is projected to reach a revised size of US$41.2 Billion by 2030, growing at a CAGR of 5.4% over the period 2022-2030.
  • Oil Immersed, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$25.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dry Type segment is readjusted to a revised 4.8% CAGR for the next 8-year period.
  • The Power Transformers market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Power Transformers Market 2023

MARKET DATA INCLUDED

  • Unit SalesAverage Selling PricesMarket Size & Growth Trends
  • COVID-19 Impact and Global Recession Analysis
  • Analysis of US inflation reduction act 2022
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Market Drivers & Limiters
  • Market Forecasts Until 2030, and Historical Data up to 2015
  • Recent Mergers & Acquisitions
  • Company Profiles and Product Portfolios
  • Leading Competitors

The Report Includes:

  • The report provides a deep dive into details of the industry including definitions, classifications, and industry chain structure.
  • Analysis of key supply-side and demand trends.
  • Detailed segmentation of international and local products.
  • Historic volume and value sizes, company, and brand market shares.
  • Five-year forecasts of market trends and market growth.
  • Robust and transparent research methodology conducted in-country.
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
  • Provision of market value (USD Billion) data for each segment and sub-segment.
  • Analysis by geography, region, Country, and its states.
  • A brief overview of the commercial potential of products, technologies, and applications.
  • Company profiles of leading market participants dealing in products category.
  • Description of properties and manufacturing processes.
  • marketed segments on the basis of type, application, end users, region, and others.
  • Discussion of the current state, setbacks, innovations, and future needs of the market.
  • Examination of the market by application and by product sizes; utility-scale, medium scale and small-scale.
  • Country-specific data and analysis for the United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
  • Coverage of historical overview, key industrial development and regulatory framework.
  • Analysis of competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market.
  • A look at the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders.

Reports Scope and Segments:

Report Attribute Details
Market size in 2022 USD 27 Billion USD
Market forecast in 2030 USD 41.2 Billion USD
Growth Rate CAGR of 5.4% from 2023 to 2030
Base year for estimation 2022
Historical data 2015 – 2022
Forecast period 2023 – 2030
Quantitative units Revenue in USD million and CAGR from 2023 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, trends, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, Disease Overviews.

Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.

Segments covered Type, Technology, Cooling, Phase, Core, Insulation, Rating,  Application, End Use & Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East and Africa and rest of the world
Country scope United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
Key companies profiled ABB Inc.; ACEL Group; Alstom SA; Arteche Group; Baoding Tianwei Baobian Electric Co., Ltd.; Baumüller Gruppe; Bawan Company; Bharat Bijlee Limited.; Bharat Heavy Electricals Limited (BHEL); Celme S.r.l.; CG Power and Industrial Solutions Limited; China XD Electric Co., Ltd.; Chint Group; Crompton Greaves Ltd.; Daihen Corporation; Dalian Beifang Jiadian Electric Co., Ltd.; Eaton Corporation; EMCO Ltd.; Emirates Transformers & Switchgears Factory; General Electric Company; Grupo Comtrafo; Grupo ZTR; Gulf Group Co.; Hammond Power Solutions Inc.; Hangzhou Qiantang River Electric Group Co., Ltd. (QRE); Hitachi Energy Ltd.; Hyosung Power & Industrial Solutions; Hyundai Electric & Energy Systems Co. Ltd.; IEM S.A.; INGETEAM Power Technology, S.A.; JSHP Transformer; Kirloskar Electric Co. Ltd.; Maschinenfabrik Reinhausen GmbH; Mitsubishi Electric Corporation; Ormazabal; Pfiffner Group; Power Partners, Inc.; Ruhstrat GmbH; Saudi Transformers Company Ltd.; Schneider Electric Se; SGB-SMIT Group; Shanghai Electric Group Company Limited; Siemens AG; Sieyuan Electric Co., Ltd.; Solutions Ltd; SPX Transformer Solutions, Inc.; TBEA Shenyang Transformer Group Co., Ltd.; TDK Electronics AG; Tianwei Group Co., Ltd.; Toshiba Energy Systems & Solutions Corporation; Trafomodern Transformatormodernisierung GmbH; Treetech Sistemas Digitais Ltd.; Virginia Transformer Corp.; Voltamp Transformers Limited; WEG Industries; Wilson Power Solutions; XD Group Corporation; YueBian Electric Co. Ltd. and others
Customization scope Free report customization (equivalent up to 20 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Report Format PDF, PPT, Excel & Online User Account

US Power Transformers Market Size 2023 2030

Report Segmented by:

By Core:

  • Closed
  • Shell
  • Berry

By Winding:

  • Two Winding
  • Auto Transformer

 

By Insulation:

  • Gas
  • Oil
  • Solid
  • Air
  • Other

By Cooling:

  • Dry Type (Self Air, Air Blast)
  • Oil Immersed (Self Cooled, Water Cooled, Forced Oil)
  • Others

By Phase:

  • Single
  • Three

 

By Rating:

  • 100 MVA to 500 MVA
  • 501 MVA to 800 MVA
  • 801 MVA to 1200 MVA

 

By Application:

  • Residential & Commercial
  • Utilities
  • Industrial

 

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • Rest Of The World

Companies Covered in Report:

ABB Inc. INGETEAM Power Technology, S.A.
ACEL Group JSHP Transformer
Alstom SA Kirloskar Electric Co. Ltd.
Arteche Group Maschinenfabrik Reinhausen GmbH
Baoding Tianwei Baobian Electric Co., Ltd. Mitsubishi Electric Corporation
Baumüller Gruppe Ormazabal
Bawan Company Pfiffner Group
Bharat Bijlee Limited. Power Partners, Inc.
Bharat Heavy Electricals Limited (BHEL) Ruhstrat GmbH
Celme S.r.l. Saudi Transformers Company Ltd.
CG Power and Industrial Solutions Limited Schneider Electric Se
China XD Electric Co., Ltd. SGB-SMIT Group
Chint Group Shanghai Electric Group Company Limited
Crompton Greaves Ltd. Siemens AG
Daihen Corporation Sieyuan Electric Co., Ltd.
Dalian Beifang Jiadian Electric Co., Ltd. Solutions Ltd
Eaton Corporation SPX Transformer Solutions, Inc.
EMCO Ltd. TBEA Shenyang Transformer Group Co., Ltd.
Emirates Transformers & Switchgears Factory TDK Electronics AG
General Electric Company Tianwei Group Co., Ltd.
Grupo Comtrafo Toshiba Energy Systems & Solutions Corporation
Grupo ZTR Trafomodern Transformatormodernisierung GmbH
Gulf Group Co. Treetech Sistemas Digitais Ltda.
Hammond Power Solutions Inc. Virginia Transformer Corp.
Hangzhou Qiantang River Electric Group Co., Ltd. (QRE) Voltamp Transformers Limited
Hitachi Energy Ltd. WEG Industries
Hyosung Power & Industrial Solutions Wilson Power Solutions
Hyundai Electric & Energy Systems Co. Ltd. XD Group Corporation
IEM S.A. YueBian Electric Co. Ltd.

After Sales Support

  • Every updated edition of the report and full data stack will be provided at no extra cost for 24 months.
  • Latest 2022 base year report.
  • Free Updated edition of 2023 every quarter without any hidden cost.
  • No user limitation for the report. Unlimited access within the organization.
  • Unrestricted post-sales support at no additional cost
  • Free report customization (equivalent up to 10 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
  • Global Industry Reports will support your post-purchase for a period of 24 months to answer any of your queries related to the following market and to provide you any more data needed, for your analysis.
  • Option to purchase regional or some selected Chapters from the report.

Key questions that are answered in this report

  • What is the total market of Power Transformers in 2023?
  • What is the total CAGR expected to be recorded for the Power Transformers market during 2022-2030?
  • What are the driving factors for the Power Transformers market?
  • Which are the significant players operating in the Power Transformers market?
  • Which region will grow at a fast rate in the future?
  • How big is the Power Transformers market?
  • What are the Challenges in Power Transformers market?
  • What is the Restraint in Power Transformers market?
  • What Company Leading the North America Power Transformers market?
  • What are Opportunities in Power Transformers market?
  • Which Region is largest share of Market in Asia pacific?
  • Executive Summary
  • Research Methodology
    • Primary Research
    • Secondary Research
    • Market Analytics
    • Revenue Forecasting
  • Market Overview
    • Market Definition
    • Scope of the Study
      • Research Objectives
      • Assumptions & Limitations
      • Market Structure
    • Market Dynamics
      • Introduction
      • Microeconomic Factor Analysis
      • Market Evolution
      • Technology Roadmap
      • Demand-Supply Dynamics
      • Growth Drivers
      • Restraints
      • Opportunities
      • Challenges
      • Sustainable Strategies
    • Market Trend Analysis (Product Analysis, Technology Analysis, Application Analysis)
    • Industry Analysis
      • Profitability analysis
      • Supply Chain & Value Chain Analysis
      • Porter’s Five Forces Analysis
        • Bargaining power of Suppliers
        • Bargaining Power of Buyers
        • Threat of substitutes
        • Threat of new entrants
        • Degree of Competition
      • PEST Analysis
      • Upstream and downstream profitability analysis and opportunities

Global Market Scope

  1. Market analysis by product category
  2. Market analysis by component / type
  3. Market analysis by technology
  4. Market analysis by application
  5. Market analysis by industry vertical
  6. Market analysis by end-use
  7. Market analysis by emerging technologies, trends and applications
  8. Market analysis by region
    • North America
      • US
      • Canada
      • Mexico
      • Others
    • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Peru
      • Venezuela
      • Ecuador
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Russia
      • Italy
      • Spain
      • Sweden
      • Netherlands
      • Poland
      • Austria
      • Belgium
      • Finland
      • Norway
      • Switzerland
      • Denmark
      • Czech Republic
      • Portugal
      • Others
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • Taiwan
      • India
      • Australia
      • Indonesia
      • Philippines
      • Malaysia
      • Others
    • Middle East
      • Iran
      • Turkey
      • Kuwait
      • UAE
      • Israel
      • Oman
      • Bahrain
      • Saudi Arabia
      • Qatar
      • Egypt
      • Others
    • Africa
      • Algeria
      • Libya
      • South Africa
      • Sudan
      • Zimbabwe
      • Others
  1. Competitive Landscape
    • Introduction
    • Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
    • Market Strategy
    • Mergers and Acquisitions
    • New Product Launches
    • Asset Transactions
    • Financial Announcements
  2. Company Profile (key market players)
    • Company profile 1
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 2
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 3
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 4
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 5
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 6
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 7
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 8
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 9
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 10
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
  1. Other Companies

150+

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.