FEATURED COMPANIES
- ABB
- Fortune Electric Co. Ltd.
- Jefferson Electric
- Performance Group
- Schneider Electric S.A.
- SPX Transformer Solutions
Transformer Global Market Report 2022 from the publisher 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.
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.
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; 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.
This product will be delivered within 1-3 business days.
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 from the publisher 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 Transformer2) 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; 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.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Transformer Market
What is the estimated value of the Global Transformer Market?
What is the growth rate of the Global Transformer Market?
What is the forecasted size of the Global Transformer Market?
Who are the key companies in the Global Transformer Market?
FEATURED COMPANIES
- ABB
- Fortune Electric Co. Ltd.
- Jefferson Electric
- Performance Group
- Schneider Electric S.A.
- SPX Transformer Solutions
1. Executive Summary2. Transformers Market Characteristics3. Transformers Market Trends And Strategies4. Impact Of COVID-19 On Transformers29. Key Mergers And Acquisitions In The Transformers Market29. Transformers Market Future Outlook and Potential Analysis
5. Transformers Market Size And Growth
6. Transformers Market Segmentation
7. Transformers Market Regional And Country Analysis
8. Asia-Pacific Transformers Market
9. China Transformers Market
10. India Transformers Market
11. Japan Transformers Market
12. Australia Transformers Market
13. Indonesia Transformers Market
14. South Korea Transformers Market
15. Western Europe Transformers Market
16. UK Transformers Market
17. Germany Transformers Market
18. France Transformers Market
19. Eastern Europe Transformers Market
20. Russia Transformers Market
21. North America Transformers Market
22. USA Transformers Market
23. South America Transformers Market
24. Brazil Transformers Market
25. Middle East Transformers Market
26. Africa Transformers Market
27. Transformers Market Competitive Landscape And Company Profiles
30. Appendix
FEATURED COMPANIES
- ABB
- Fortune Electric Co. Ltd.
- Jefferson Electric
- Performance Group
- Schneider Electric S.A.
- SPX Transformer Solutions
Major players in the transformers market are ABB, General Electric Corporation, Schneider Electric S.A., Mitsubishi Electric Corporation, Schneider Electric, Mitsubishi Electricis, Toshiba Corporation, Siemens, SGB-SMIT, and Hammond Power Solutions.
The global transformer market is expected to grow from $75.89 billion in 2021 to $95.51 billion in 2022 at a compound annual growth rate (CAGR) of 25.9%.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 $220.40 billion in 2026 at a CAGR of 23.3%.
The transformers 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.
The main types of transformers are power transformer and distribution transformer. The power transformer is a type of transformer that is used to transfer electrical energy between the generator and the distribution primary circuits. In distribution systems, these transformers are used to connect step up and step-down voltages. It is available as low rated transformer and high rated transformer that are used by utility, residential and commercial, industry end users.
Asia Pacific was the largest region in the transformers market in 2021. Western Europe was the second-largest region in the transformers market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Favorable government policies to increase electrification will contribute to the growth of the transformers market in the forecast period. Countries around the world are implementing several initiatives to increase electrification across the countries. For example, in 2019, the Indian government launched the ‘One Nation One Grid’, an initiative aimed at offering affordable power to all the states. These initiatives will increase the market for medium power transformers in the forecast period. The increasing demand for medium, low and high-power transformers supported by favorable government initiatives will positively impact 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 February 2020, USA administration decided to raise tariffs on derivative steel and aluminum imports by 25% and 10%, respectively. The increase in prices leads to increase in operating expense thereby hampering the growth of the market.
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 2021, Hitachi ABB Power Grids has collaborated with Nanyang Technological University, Singapore (NTU Singapore) on a government-led smart grid development project. The two organizations will collaborate to advance developments in Solid State Transformer (SST) technology, led by the Energy Research Institute and supported by the National Research Foundation of Singapore. The project is part of Singapore's Energy Grid 2.0 initiative, which aims to shape the next-generation grid system and transform energy management by combining multiple energy sources into a single intelligent network that is more efficient, sustainable, and resilient.
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.
The countries covered in the transformers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The global transformer market is expected to grow from $75.89 billion in 2021 to $95.51 billion in 2022 at a compound annual growth rate (CAGR) of 25.9%.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 $220.40 billion in 2026 at a CAGR of 23.3%.
The transformers 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.
The main types of transformers are power transformer and distribution transformer. The power transformer is a type of transformer that is used to transfer electrical energy between the generator and the distribution primary circuits. In distribution systems, these transformers are used to connect step up and step-down voltages. It is available as low rated transformer and high rated transformer that are used by utility, residential and commercial, industry end users.
Asia Pacific was the largest region in the transformers market in 2021. Western Europe was the second-largest region in the transformers market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Favorable government policies to increase electrification will contribute to the growth of the transformers market in the forecast period. Countries around the world are implementing several initiatives to increase electrification across the countries. For example, in 2019, the Indian government launched the ‘One Nation One Grid’, an initiative aimed at offering affordable power to all the states. These initiatives will increase the market for medium power transformers in the forecast period. The increasing demand for medium, low and high-power transformers supported by favorable government initiatives will positively impact 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 February 2020, USA administration decided to raise tariffs on derivative steel and aluminum imports by 25% and 10%, respectively. The increase in prices leads to increase in operating expense thereby hampering the growth of the market.
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 2021, Hitachi ABB Power Grids has collaborated with Nanyang Technological University, Singapore (NTU Singapore) on a government-led smart grid development project. The two organizations will collaborate to advance developments in Solid State Transformer (SST) technology, led by the Energy Research Institute and supported by the National Research Foundation of Singapore. The project is part of Singapore's Energy Grid 2.0 initiative, which aims to shape the next-generation grid system and transform energy management by combining multiple energy sources into a single intelligent network that is more efficient, sustainable, and resilient.
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.
The countries covered in the transformers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
A selection of companies mentioned in this report includes:
- ABB
- General Electric Corporation
- Schneider Electric S.A.
- Mitsubishi Electric Corporation
- Schneider Electric
- Mitsubishi Electricis
- Toshiba Corporation
- Siemens
- SGB-SMIT
- Hammond Power Solutions
- Hitachi
- Alstom
- Eaton
- SPX Transformer Solutions
- Kirloskar Electric Company
- RITZ Instrument Transformers GmbH
- Hammond Power Solutions Inc.
- TBEA
- Jefferson Electric
- SPX Transformer Solutions
- Mace
- Performance Group
- Fortune Electric Co. Ltd.
- Schaffner Holding AG
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