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Power Transformers - Global Strategic Business Report

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    Report

  • 761 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2498175

Global Power Transformers Market to Reach $41.2 Billion by 2030

The global market for Power Transformers 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 analysis 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. Growth in the Dry Type segment is estimated at 4.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 6.9% CAGR

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.

Select Competitors (Total 93 Featured)

  • ABB Ltd.
  • Bharat Heavy Electricals Ltd.
  • Avnet, Inc.
  • Adda Corporation
  • Daihen Corporation
  • Bharat Bijlee Ltd.
  • Bowers Electricals Ltd.
  • Diamond Power Infrastructure Ltd.
  • ABB S.p.A
  • Century Transformers Pvt., Ltd.
  • Delta Star, Inc.
  • Astor Transformer AS
  • BridgePower Corporation
  • Brush Group
  • Beckwith Electric Co., Inc.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Power Transformers Market

What is the estimated value of the Power Transformers Market?

The Power Transformers Market was estimated to be valued at $27 Billion in 2022.

What is the growth rate of the Power Transformers Market?

The growth rate of the Power Transformers Market is 5.4%, with an estimated value of $41.2 Billion by 2030.

What is the forecasted size of the Power Transformers Market?

The Power Transformers Market is estimated to be worth $41.2 Billion by 2030.

Who are the key companies in the Power Transformers Market?

Key companies in the Power Transformers Market include ABB Ltd., Bharat Heavy Electricals Ltd., Avnet, Inc., Adda Corporation, Daihen Corporation, Bharat Bijlee Ltd., Bowers Electricals Ltd., Diamond Power Infrastructure Ltd., ABB S.p.A and Century Transformers Pvt., Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Power Transformers: The Power to Manage Power with Greater Reliability, Efficiency, Resilience, and Durability
  • Market Fortunes Intrinsically Linked to Power T&D Equipment Industry
  • Worldwide Sales of Power T&D Equipment (in US$ Billion) for Years 2014, 2019, and 2024P
  • Percentage Breakdown of Power T&D Equipment Sales (Value) for US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World (2019)
  • World Power T&D Equipment Market by Product Segment (2019): Percentage Breakdown of Value Sales for Transformers, Switchgear and Others
  • Surge in Energy Consumption and Resulting Expansion in Power Production and T&D Investments
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Transformations in Power Transmission Technology over the Years
  • Steady Growth Projected for Power Transformers
  • Developing Regions Emerge as Core Markets Amid Rising Power Infrastructure Spending
  • Estimated Global Power Generation Infrastructure Requirement (US$ Billion) for China, India and Latin America Over the Period 2010-2030
  • Aging Power Transformer Fleet Underscores Need for Replacement and Upgrades in Developed Regions
  • 2. COMPETITIVE LANDSCAPE
  • Power Transformers: A Consolidated Marketplace
  • ABB Dominates the High Voltage Power Transmission Market
  • Leading Players in the World High Power Transmission Equipment, Systems and Services Market (2019): Percentage Market Share Breakdown for ABB Ltd., Siemens, TBEA, and Others
  • Competitive Pressures Continue to Build Up in Power Transformers Business
  • Intense Competition Necessitates M&A
  • Power Transformers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • ABB Limited (Switzerland)
  • ASTOR TRANSFORMER A.S (Turkey)
  • Bharat Heavy Electricals Limited (India)
  • Bowers Electricals Ltd. (UK)
  • CG Power and Industrial Solutions Limited (India)
  • DAIHEN Corporation (Japan)
  • EFACEC Group (Portugal)
  • GE Grid Solutions (USA)
  • Hammond Power Solutions, Inc. (Canada)
  • Hyosung Heavy Industries (South Korea)
  • Hyundai Electric & Energy Systems Co., Ltd. (South Korea)
  • Imefy Group (Spain)
  • JSHP Transformer (China)
  • Kirloskar Electric Company Limited (India)
  • KONCAR Group (Croatia)
  • Mitsubishi Electric Corporation (Japan)
  • Olsun Electrics Corporation (USA)
  • Schneider Electric SA (France)
  • SGB-SMIT Group (Germany)
  • SGB-SMIT Power Matla (South Africa)
  • Shihlin Electric & Engineering Corporation (Taiwan)
  • Siemens AG (Germany)
  • SPX Transformer Solutions, Inc. (USA)
  • TBEA Co., Ltd. (China)
  • Toshiba Energy Systems & Solutions Corporation (Japan)
  • Wilson Power Solutions (UK)
  • Wilson Transformer Company (Australia)
  • Winder Power Ltd. (UK)
3. MARKET TRENDS & DRIVERS
  • Rising Utility Investments in Power Infrastructure for Transitioning to the Smart Grid Standard Drive Healthy Market Growth
  • Global Market for Smart Grids (in US$ Billion) for the Years 2018 and 2020
  • Global Investments in Smart Grids by Category (2019): Percentage Breakdown of Dollar Investments for Advanced Metering Infrastructure (AMI) Distribution Automation, Networks Operations Software, Transmission Modernization, and Others
  • Power Infrastructure to Experience Considerable Transformation Driven by Modern Technology and Renewables
  • Wind Power Makes Robust Progress within the Renewables Sector
  • Global Wind Power Installed Capacity (In GW) for the Years 2015 -2022
  • Global Installed Wind Power Capacity (2018): Percentage Breakdown of Cumulative Installed Capacity by Geographic Region
  • Solar Power Emerges as Reliable Renewable Energy Source
  • Microgrids Ease Network Burden
  • Utilities Bet on Big Data
  • Renewable Energy: A Statistical Perspective
  • Global Investments in Renewable Energy (2007-2017): Breakdown of New Investments (US$ Billion) for China, India & Brazil; Other Developing; and Developed Countries
  • Global Investments in Renewable Energy by Sector (2017): Breakdown of New Investments (US$ Billion) for Biofuels, Biomass & Waste-to-Energy, Geothermal, Marine, Small Hydro, Solar, and Wind
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Myriad Benefits and Superior Attributes over Traditional Transformers Drive Strong Demand for Smart Transformers
  • Global Smart Transformers Market - Annual Revenue Figures in US$ Million for Years 2014, 2016, 2018 & 2020P
  • Smart Transformers for Smarter Power Transmission and Distribution
  • Traditional Vs. Smart Transformers: A Comparison
  • Growing Prominence of Smart Cities and Smart Homes of the Future Necessitates Highly Capable Power T&D Networks
  • Connected Things in Smart Cities: Installed Base (in Million) by Segment for 2015 and 2019
  • Growing Number of Smart Homes Catalyzes the Creation of Smart Cities: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Growing Adoption of Connected Home Equipment Supported by Expanding Digital Lifescape to Benefit Growth of Smart Homes: Percentage Breakdown of Global Smart Home Market by Technology for the 2018 and 2022
  • Global Home Automation Revenues in US$ Million by Geographic Region for 2018 and 2024
  • Technology Improvements and Product Innovations Spearhead Market Expansion
  • SGB-SMIT's Smart Transformers
  • ABB Ability™ Power Transformer
  • Self-Cooling Transformers from ABB
  • Siemens' Ester Fluid-based Phase Shifting Power Transformer
  • Hybrid Power Transformers Technology
  • Energy Efficient and Eco-Friendly Power Transformers
  • Wireless Power Transmission
  • Innovative Alternative Fluids
  • Design Innovation in Large Power Transformers (LPTs)
  • Dryformers by ABB
  • Superconductor Based Power Transformers
  • HTS Transformers: Energy Efficient, Lightweight, and Small Sized
  • Gas-Insulated Power Transformers
  • Future for Gas-Insulated Transformers Appears Bright
  • IEC Standards for Gas-Insulated Transformers
  • Powerformer: A Superior Replacement for Step-Up Transformer
  • Innovative On-load Tap Changers (OLTCs) Improves Reliability and Safety
  • Stabilizing Regulatory Environment Augurs Well
  • Proposed/Approved Standards for Transformers in Select Countries
  • Demographic and Socio-Economic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Exponential Increase in Urban Dwellers
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Massive Increase in Building and Infrastructure Investments
  • Global Construction Output by Region (2022): Breakdown of Construction Output (US$ Billion) and Percentage Change over 2018-2022
  • Global Infrastructure Spending Estimates (Percentage of GDP) by Region
  • Stable Economic Scenario Augurs Well for Power Transformers Market
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Power Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Power Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Power Transformers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Oil Immersed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Oil Immersed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Oil Immersed by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Dry Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Dry Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Dry Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for 100 MVA - 500 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for 100 MVA - 500 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for 100 MVA - 500 MVA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for 501 MVA - 800 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for 501 MVA - 800 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for 501 MVA - 800 MVA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for 801 MVA - 1200 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for 801 MVA - 1200 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for 801 MVA - 1200 MVA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Residential & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Residential & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 27: World 16-Year Perspective for Residential & Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 28: World Power Transformers Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Need to Replace and Upgrade Aging T&D Infrastructure Drive Market Growth
  • Transmission & Distribution Spending ($ Billion) in the United States: 1990-2009 & 2010-2030P
  • Major Growth Drivers Summarized
  • Inadequate and Aging T&D Infrastructure
  • Failure of Vital Systems during Storms Resulting in Power Outages
  • Need for Reliable Power Supply
  • Regulatory Landscape
  • Demand for Outsourced Providers
  • Focus on Renewable Energy Generation
  • Proliferation of Oil & Gas Production
  • Transition from Coal to Natural Gas Generation
  • Expanding Smart Grid Infrastructure Boosts Demand for Smart Transformers
  • Smart Transformers to Enhance Flexibility and Cleanliness of Electrical Grids
  • Replacement Demand to Drive Spending on Larger Power Transformers (LPTs)
  • US Transmission & Distribution Spending for the Period 2011-2035: Percentage (%) Breakdown of Spending for New Equipment and Replacements
  • Burgeoning Electricity Demand Provides the Perfect Platform for Market Adoption
  • Electricity Demand (Billion KWh) in the United States: 1980-2040
  • Rapidly Evolving Role of Renewable Energy in Power Sector Supports Growth
  • US Net Electricity Generation by Energy Source (2000, 2010, 2020, 2030 & 2040): Breakdown of Electricity Generation (Billion Kilowatt-hours) from Coal, Natural Gas, Nuclear, Petroleum, and Renewable Energy
  • Industrial & Electric Utilities: Dominant End-use Sectors for T&D Equipment
  • Electric Power T&D Equipment Market in the US by End-use Sector (2019): Percentage Breakdown of Value Demand for Residential, Commercial, Electric Utilities Industrial and Others
  • Energy Consumption in the United States (2008, 2016 & 2020P): Breakdown of Electricity Consumption (in Billion Kilowatt Hours) by Key End-Use Industries - Residential, Commercial, and Industrial
  • Presence of Leading Suppliers in Medium and Large Power Transformers Company Medium Transformers Large Transformers
  • Electric Utilities to Benefit from Energy-Related Technology Disruptions in Silicon Valley
  • US T&D Infrastructure: A Macro Perspective
  • Power T&D Equipment Sales in the US (in US$ Million) for Years 2014, 2019, and 2024P
  • US Power T&D Equipment Market (2019): Percentage Breakdown of Dollar Sales for Transformers, Switchgears, and Others
  • CANADA
  • JAPAN
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Recent Energy Sector Transformation and Focus on Renewable Energy Sustain Market Growth
  • Japan’s Power Generation by Energy Source (2005, 2015, and 2030): Percentage Breakdown for Coal-fired Thermal Power, Gas-fired Thermal Power, Nuclear Power, Oil-fired Thermal Power, and Renewable Energy
  • CHINA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Government Efforts to Address the Country’s Power Requirements Drive Strong Market Growth
  • Electricity Consumption in China: 2006-2016 (in TWh)
  • The Northwest and Southeast China to Bolster the Demand for Electric T&D Equipment
  • Industry Moves towards High-Voltage Transformers
  • Issues Persist in the Chinese Transformer Industry
  • Chinese Transformers Industry: Highly Competitive at the Lower End
  • Leading Transformer Companies in China (2019): Percentage Market Share Breakdown for ABB, Baoding, TBEA, XD Electric and Others
  • Chinese Vendors Eye Overseas Markets
  • Transformers - Regulatory Scenario
  • EUROPE
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Europe: A Mature yet Growing Market
  • Smart Grids to Drive Next Wave of Growth
  • EU Proposes New Ecodesign Energy Efficiency Standard for Transformers
  • PowerGrid Program to Redefine Future of Power Transmission
  • FRANCE
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Asia-Pacific: The Largest and the Fastest Growing Regional Market
  • Percentage (%) Share of Asia-Pacific in the World Power Transformers Sales (2019 & 2025P)
  • China and India Instigate Large-Scale Opportunities
  • Rural Electrification in Asian Countries Promotes Market Expansion
  • Railway Electrification & High-Speed Railway Projects Augment Addressable Market
  • AUSTRALIA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • India - A Market Laden with Opportunities
  • Government’s Power-for-All Initiatives to Drive Demand
  • CEA’s National Electricity Plan (NEP) Indicates Robust Requirement
  • The Indian Electrical Equipment Industry: A Macro Perspective
  • Competitive Landscape
  • Indian Transformers Market: A Peek into Market Tiers
  • Leading Players in the Indian Transformers Market (2019): Percentage Breakdown of Production Capacities for ABB, Baoding Tianwei, BHEL, Crompton Greaves (CG), GE Power India, Siemens,TBEA, Transformers & Rectifiers India, and Others
  • India Growing Into a Major Global Export Hub for Transformers
  • Opportunities Galore for Indian Transformer Manufacturers
  • Overseas Players Keenly Eye Indian Shores, Market Headed for Consolidation
  • Vendors Seek Higher Government Involvement in R&D and Testing & Evaluation
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • Increased Investments in Power T&D Infrastructure Augurs Well
  • Growing Concerns over Grid Network Congestion
  • MEXICO
  • Mexico: A Niche Regional Market
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • Energy Infrastructure Needs in the Middle East Drive Market Growth
  • Upgrade of Electric Power and Distribution Infrastructure Drive Demand in Saudi Arabia
  • Saudi Arabia’s Ambitious Solar Energy Plans to Boost Smart Grids
  • Energy Challenges Open Avenues for Huge Investment Opportunities in Africa
  • Urgent Need to Provide Proper Access to Electricity: Primary Demand Driver
  • Growing Investments in Large-Scale Power Infrastructure Projects Bodes Well
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Bharat Heavy Electricals Ltd.
  • Avnet, Inc.
  • Adda Corporation
  • Daihen Corporation
  • Bharat Bijlee Ltd.
  • Bowers Electricals Ltd.
  • Diamond Power Infrastructure Ltd.
  • ABB S.p.A
  • Century Transformers Pvt., Ltd.
  • Delta Star, Inc.
  • Astor Transformer AS
  • BridgePower Corporation
  • Brush Group
  • Beckwith Electric Co., Inc.