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Transformer Global Market Report 2022, By Transformer Type, By Type, By End User

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    Report

  • 175 Pages
  • March 2022
  • Region: Global
  • The Business Research Company
  • ID: 5562245

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.



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 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; 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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Frequently Asked Questions about the Global Transformer Market

What is the estimated value of the Global Transformer Market?

The Global Transformer Market was estimated to be valued at $95.5 billion in 2022.

What is the growth rate of the Global Transformer Market?

The growth rate of the Global Transformer Market is 23.3%, with an estimated value of $220.4 billion by 2026.

What is the forecasted size of the Global Transformer Market?

The Global Transformer Market is estimated to be worth $220.4 billion by 2026.

Who are the key companies in the Global Transformer Market?

Key companies in the Global Transformer Market include ABB, General Electric Corporation, Schneider Electric S.A., Mitsubishi Electric Corporation, Schneider Electric, Mitsubishi Electricis, Toshiba Corporation, Siemens and SMIT.

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 Transformers
5. Transformers Market Size And Growth
5.1. Global Transformers Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Transformers Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Transformers Market Segmentation
6.1. Global Transformers Market, Segmentation By Transformer Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Power Transformer
  • Distribution Transformer
6.2. Global Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Low rated transformer
  • High rated transformer
6.3. Global Transformers Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Utility
  • Residential & Commercial
  • Industry.

7. Transformers Market Regional And Country Analysis
7.1. Global Transformers Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Transformers Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Transformers Market
8.1. Asia-Pacific Transformers 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 Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Transformers Market
9.1. China Transformers Market Overview
9.2. China Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Transformers Market
10.1. India Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Transformers Market
11.1. Japan Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Transformers Market
12.1. Australia Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Transformers Market
13.1. Indonesia Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Transformers Market
14.1. South Korea Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Transformers Market
15.1. Western Europe Transformers Market Overview
15.2. Western Europe Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Transformers Market
16.1. UK Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Transformers Market
17.1. Germany Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Transformers Market
18.3. France Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Transformers Market
19.1. Eastern Europe Transformers Market Overview
19.2. Eastern Europe Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Transformers Market
20.1. Russia Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Transformers Market
21.1. North America Transformers Market Overview
21.2. North America Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Transformers Market
22.1. USA Transformers Market Overview
22.2. USA Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Transformers Market
23.1. South America Transformers Market Overview
23.2. South America Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Transformers Market
24.1. Brazil Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Transformers Market
25.1. Middle East Transformers Market Overview
25.2. Middle East Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Transformers Market
26.1. Africa Transformers Market Overview
26.2. Africa Transformers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Transformers Market Competitive Landscape And Company Profiles
27.1. Transformers Market Competitive Landscape
27.2. Transformers 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 Transformers Market29. Transformers 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

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.

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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