Increasing Number of T&D Infrastructure is driving the Transformers Market
The expansion of transmission and distribution (T & D) infrastructure and grid interconnection is one of the major drivers for transformers market. Globally, the focus has increased on imparting grid stability and reliability, which has led to investments in the transmission and distribution sector. As a result, the expansion in the T&D infrastructure is expected to drive the transformers market during the forecast period, as well. Globally, the T&D projects are being developed owing to rising consumption of electricity pertaining to on-grid connections. In addition, the on-grid connections are increasing as remote consumers are getting integrated with the power network. Moreover, the developing regions are witnessing widespread connection of power consumers, which are getting online with the grid network.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific is the largest and fastest-growing market, primarily driven by the T&D developments and industrial growth in Southeast Asia, China, and India. The factors that attribute to the growth include the increasing upgradation of power and distribution infrastructure, replacement of aging equipment, and the increasing development in heavy industries, and renewable energy. In addition, the growing need to expand and upgrade the existing T&D infrastructure to serve the growing demand for electricity is expected to lead to a positive growth of the transformers market during the forecast period. Extensive power plant capacity additions, economic growth, and the need to improve access to electricity, particularly in the emerging nations of Asia-Pacific (APAC), are expected to further drive grid expansion and the transformers market.
Key Developments in the Market
April 2018: ABB Ltd. launched the world’s first digitally integrated power transformer at the 2018 Hanover Fair, in Germany, which has enhanced reliability and efficiency
The major players include - Siemens AG, ABB Ltd., General Electric Company, Crompton Greaves Limited, Mitsubishi Electric Corporation, Hyundai Heavy Industries Co. Ltd., Toshiba Corporation, Hyosung Group, Bharat Heavy Electricals Limited, SPX Transformer Solutions, Inc., Schneider Electric, among others.
Reasons to Purchase This Report
- Current and future transformers market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
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2. Research Methodology
2.1 Scope of the Report
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliverables
2.5 Research Phases
3. Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Recent Trends and Developments
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness - Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitutes
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Power Rating
7.1.1 Small Power
7.1.2 Medium Power
7.1.3 Large Power
7.2 By Cooling Type
7.2.1 Oil-Cooled Type
7.2.2 Air-Cooled Type
7.3 By Transformer Type
7.3.1 Power Transformer
7.3.2 Distribution Transformer
8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
8.1 North America
8.1.1 United States
8.1.4 Rest of North America
8.2.1 United kingdom
8.2.5 Rest of Europe
8.3.4 South Korea
8.3.5 Rest of Asia-Pacific
8.4 South America
8.4.3 Rest of South America
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.4 South Africa
8.5.5 Rest of MEA
9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View)
9.1 Siemens AG
9.2 ABB Ltd.
9.3 General Electric Company
9.4 Crompton Greaves Limited
9.5 Mitsubishi Electric Corporation
9.6 Hyundai Heavy Industries Co. Ltd.
9.7 Toshiba Corporation
9.8 Hyosung Group
9.9 Bharat Heavy Electricals Limited
9.10 SPX Transformer Solutions, Inc.
9.11 Schneider Electric
10. Competitive Landscape
10.1 Mergers and Acquisitions
10.2 Joint Ventures, Collaborations and Agreements
10.3 Strategies Adopted by Leading Players
11.1 Contact Us
*List not exhaustive
**Subject to availability on public domain
- Siemens AG
- ABB Ltd.
- General Electric Company
- Crompton Greaves Limited
- Mitsubishi Electric Corporation
- Hyundai Heavy Industries Co. Ltd.
- Toshiba Corporation
- Hyosung Group
- Bharat Heavy Electricals Limited
- SPX Transformer Solutions Inc.
- Schneider Electric