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Transformer Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323298
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • ABB
  • Eaton
  • Hitachi
  • Mace
  • Schaffner Holding AG
  • SGB-SMIT
Transformer Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global transformer market as it emerges from the COVID-19 shut down.



Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the transformer? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Transformer market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider transformer market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The transformer market section of the report gives context. It compares the transformer market with other segments of the transformer market by size and growth, historic and forecast.
Scope

Markets Covered:

1)By Transformer Type: Power Transformer; Distribution Transformer 2) By Type: Low rated transformer ; High rated transformer 3) By End User: Utility, Residential & Commercial, Industry.

Companies Mentioned: ABB; General Electric Corporation; Schneider Electric S.A.; Mitsubishi Electric Corporation; Schneider Electric

Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.

Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Eaton
  • Hitachi
  • Mace
  • Schaffner Holding AG
  • SGB-SMIT
1. Executive Summary

2. Transformer Market Characteristics

3. Transformer Market Trends and Strategies

4. Impact of COVID-19 on Transformers

5. Transformer Market Size and Growth
5.1. Global Transformers Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Transformers Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Transformer Market Segmentation
6.1. Global Transformer Market, Segmentation by Transformer Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Power Transformer
  • Distribution Transformer
6.2. Global Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Low rated transformer
  • High rated transformer
6.3. Global Transformer Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Utility
  • Residential & Commercial
  • Industry.
7. Transformer Market Regional and Country Analysis
7.1. Global Transformer Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Transformer Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Transformer Market
8.1. Asia-Pacific Transformer Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Transformer Market
9.1. China Transformer Market Overview
9.2. China Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Transformer Market
10.1. India Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Transformer Market
11.1. Japan Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Transformer Market
12.1. Australia Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Transformer Market
13.1. Indonesia Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Transformer Market
14.1. South Korea Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Transformer Market
15.1. Western Europe Transformer Market Overview
15.2. Western Europe Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Transformer Market
16.1. UK Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Transformer Market
17.1. Germany Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Transformer Market
18.3. France Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Transformer Market
19.1. Eastern Europe Transformer Market Overview
19.2. Eastern Europe Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Transformer Market
20.1. Russia Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Transformer Market
21.1. North America Transformer Market Overview
21.2. North America Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Transformer Market
22.1. USA Transformer Market Overview
22.2. USA Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Transformer Market
23.1. South America Transformer Market Overview
23.2. South America Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Transformer Market
24.1. Brazil Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Transformer Market
25.1. Middle East Transformer Market Overview
25.2. Middle East Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Transformer Market
26.1. Africa Transformer Market Overview
26.2. Africa Transformer Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Transformer Market Competitive Landscape and Company Profiles
27.1. Transformer Market Competitive Landscape
27.2. Transformer Market Company Profiles
27.2.1. ABB
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. General Electric Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Schneider Electric S.A.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Mitsubishi Electric Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Schneider Electric
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

29. Key Mergers and Acquisitions in the Transformer Market

29. Transformer Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
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FEATURED COMPANIES

  • ABB
  • Eaton
  • Hitachi
  • Mace
  • Schaffner Holding AG
  • SGB-SMIT
Major players in the transformer market are ABB, General Electric Corporation, Schneider Electric S.A., Mitsubishi Electric Corporation, Schneider Electric, Mitsubishi Electrics, Toshiba Corporation, Siemens and SGB-SMIT and Hammond Power Solutions.

The global transformer market is expected to grow from $184.21 billion in 2020 to $202.08 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $266.73 billion in 2025 at a CAGR of 7%.

The transformer market consists of sales of transformers and related services which are used in manufacturing of power, distribution and specialty transformers. A transformer transfers energy form one circuit to another. Transformers increase or decrease voltage and current level, increase or decrease capacitor value, prevent direct current from passing between two circuits and isolate circuits.

Favourable government policies to increase electrification contributed to the growth of the transformers market in the historic period. Countries around the world are implementing several initiatives to increase electrification across the countries. For example, in 2019, Indian government launched the ‘One Nation One Grid’, an initiative aimed at offering affordable power to all the states. These initiatives increased the market for medium power transformers in the historic period. The increasing demand for medium, low and high-power transformers supported by favourable government initiatives positively impacts the growth of transformers market.

Instability in pricing of raw materials is a major restraint in the transformers manufacturing market. The instability is due to the volatility in the raw material prices of steel, copper, and crude oil. Steel and copper are predominantly used in manufacture of transformers. Increased tariffs on raw materials such as steel and copper, increased the volatility of prices, thereby limiting the growth of the market for medium power transformers. For instance, in 2018, USA imposed 25% and 10% tariffs on import of steel and aluminium respectively. The increase in prices leads to increase in operating expense thereby hampering the growth of the market.

The transformers market covered in this report is segmented by transformer type: power transformer, distribution transformer. It is also segmented by type: low rated transformer, high rated transformer

Transformers market is moving towards evolution of independent and self-regulating smart transformers. Smart transformers are programmed to constantly regulate voltage and maintain contact with the stakeholders and provide information and feedback on the power supply. They provide the exact amount of power that is needed and respond to fluctuations through a process known as voltage optimization. They significantly reduce greenhouse gas emissions and power consumption as they supply electrical equipment with the ideal amount of power. For instance, in 2018, The US Department of Energy (DOE) invested $7.5 million to support research and development of smart transformers for grid resiliency. Companies should consider investing in technologies to produce smart transformers for commercial establishments.

In June 2019, Hitachi, Ltd., a Japan-based energy solution provider company acquired 80.1% of ABB’s power grids business for $11 billion. The acquisition was aimed to broaden the product portfolio of Hitachi, by combining ABB’s power grids, and to offer enhanced energy solutions globally. ABB is a Switzerland-based company that specializes in manufacturing power grids products such as power transformers.
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A selection of companies mentioned in this report includes:

  • ABB
  • Alstom
  • Eaton
  • Fortune Electric Co. Ltd.
  • General Electric Corporation
  • Hammond Power Solutions Inc.
  • Hitachi
  • Jefferson Electric
  • Kirloskar Electric Company
  • Mace
  • Mitsubishi Electric Corporation
  • Performance Group
  • RITZ Instrument Transformers GmbH
  • Schaffner Holding AG
  • Schneider Electric S.A.
  • SGB-SMIT
  • Siemens
  • SPX Transformer Solutions
  • TBEA
  • Toshiba Corporation
Note: Product cover images may vary from those shown

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