Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Advanced Power Transformer Market by Type (Power 500kV, Power 1000kV, Other), By Application (Power Plant, Substation, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Advanced Power Transformer Market by Type (Power 500kV, Power 1000kV, Other), By Application (Power Plant, Substation, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159642 3300 Machinery & Equipment 377 245 Pages 4.8 (35)

Market Overview:

The global advanced power transformer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electricity and the need for reliable and efficient power transmission infrastructure. In addition, the growing investment in renewable energy sources is also contributing to the growth of the advanced power transformer market. The global advanced power transformer market can be segmented by type, application, and region. By type, the market can be divided into Power 500kV, Power 1000kV, and other types. By application, the market can be classified into power plant applications, substation applications,, and other applications such as transportation electrification etc.). The regional segmentation includes North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China), Middle East & Africa (Saudi Arabia).

Global Advanced Power Transformer Industry Outlook

Product Definition:

An advanced power transformer is a device that alters the voltage of an electrical current. They are used in a variety of settings, including in homes, businesses, and factories. Their importance lies in their ability to take lower voltage currents and convert them into higher voltage currents, which can be more efficiently used to power various devices.

Power 500kV:

Power 500kV is the highest voltage power transformer in the world. It's primary application is to transmit electricity from high voltage substations to distribution transformers. Power transformer helps convert low-voltage power (from a generator, for instance) into higher voltages suitable for driving electrical loads such as motors and appliances.

The global market size of power 500kV was valued at USD 575 million in 2015.

Power 1000kV:

The Power 1000kV is a high voltage power transformer which can deliver up to 1000kVA. It’s mainly used in the transmission and distribution of electricity for large scale power plants, substations, etc. The usage of such high voltage transformers ensures efficient power flow along with minimum loss during transmission.

These products are majorly used in advanced power transformer market on account of their ability to operate at very high frequencies.

Application Insights:

The power plant application segment accounted for the largest revenue share of over 50% in 2017. The growing demand for transformers to step up the voltage from low to high is expected to drive industry growth over the forecast period. Advanced power Transformers are used in large scale wind turbines, solar panels and other sources of renewable energy, coal-fired power plants, and nuclear reactors among others.

Power plant application segment is projected to witness significant growth on account of increasing investments by governments across various countries in order to meet carbon emission reduction targets set by international organizations such as UNFCCC and EPA. In addition, growing demand for electricity generated from fossil fuels will also boost market size further through 2030 ¢â‚¬Å“ Power Plant Application¢â‚¬ segment owing to existing coal-fired power generation capacity that can be transformed into a higher efficiency unit with fewer emissions compared with traditional units.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing market for advanced power transformer with a CAGR of XX% from 2018 to 2030 owing to increasing electricity demand, coupled with growing industrialization and urbanization in the region. The presence of large-scale manufacturing facilities in countries such as China and Japan is also driving the APAC market. Furthermore, rising investments by governments in developing nations such as India are likely to contribute significantly towards industry growth over the next eight years.

The North American regional market accounted for more than 25% share of global revenue in 2017 on account of high penetration rates observed within U.S.

Growth Factors:

  • Increasing demand for electricity due to population growth and industrialization
  • Rapid urbanization and electrification in developing countries
  • Stringent government regulations for energy efficiency in developed countries
  • Technological advancements in power transformer design and manufacturing
  • Growing demand for renewable energy sources

Scope Of The Report

Report Attributes

Report Details

Report Title

Advanced Power Transformer Market Research Report

By Type

Power 500kV, Power 1000kV, Other

By Application

Power Plant, Substation, Other

By Companies

ABB, Siemens, Toshiba, Hyosung, GE, Hitachi, Tebian Electric Apparatus (TBEA), Baoding Tianwei Baobian Electric, China XD Electric

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Advanced Power Transformer Market Report Segments:

The global Advanced Power Transformer market is segmented on the basis of:


Power 500kV, Power 1000kV, Other

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Power Plant, Substation, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. ABB
  2. Siemens
  3. Toshiba
  4. Hyosung
  5. GE
  6. Hitachi
  7. Tebian Electric Apparatus (TBEA)
  8. Baoding Tianwei Baobian Electric
  9. China XD Electric

Global Advanced Power Transformer Market Overview

Highlights of The Advanced Power Transformer Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Power 500kV
    2. Power 1000kV
    3. Other
  1. By Application:

    1. Power Plant
    2. Substation
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Advanced Power Transformer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Advanced Power Transformer Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Advanced Power Transformer is a power transformer that can provide high-voltage, low-current power to electronic devices.

Some of the key players operating in the advanced power transformer market are ABB, Siemens, Toshiba, Hyosung, GE, Hitachi, Tebian Electric Apparatus (TBEA), Baoding Tianwei Baobian Electric, China XD Electric.

The advanced power transformer market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Advanced Power Transformer Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Advanced Power Transformer Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Advanced Power Transformer Market - Supply Chain
   4.5. Global Advanced Power Transformer Market Forecast
      4.5.1. Advanced Power Transformer Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Advanced Power Transformer Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Advanced Power Transformer Market Absolute $ Opportunity

5. Global Advanced Power Transformer Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Advanced Power Transformer Market Size and Volume Forecast by Type
      5.3.1. Power 500kV
      5.3.2. Power 1000kV
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Advanced Power Transformer Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Advanced Power Transformer Market Size and Volume Forecast by Application
      6.3.1. Power Plant
      6.3.2. Substation
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Advanced Power Transformer Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Advanced Power Transformer Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Advanced Power Transformer Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Advanced Power Transformer Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Advanced Power Transformer Demand Share Forecast, 2019-2026

9. North America Advanced Power Transformer Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Advanced Power Transformer Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Advanced Power Transformer Market Size and Volume Forecast by Application
      9.4.1. Power Plant
      9.4.2. Substation
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Advanced Power Transformer Market Size and Volume Forecast by Type
      9.7.1. Power 500kV
      9.7.2. Power 1000kV
      9.7.3. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Advanced Power Transformer Demand Share Forecast, 2019-2026

10. Latin America Advanced Power Transformer Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Advanced Power Transformer Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Advanced Power Transformer Market Size and Volume Forecast by Application
      10.4.1. Power Plant
      10.4.2. Substation
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Advanced Power Transformer Market Size and Volume Forecast by Type
      10.7.1. Power 500kV
      10.7.2. Power 1000kV
      10.7.3. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Advanced Power Transformer Demand Share Forecast, 2019-2026

11. Europe Advanced Power Transformer Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Advanced Power Transformer Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Advanced Power Transformer Market Size and Volume Forecast by Application
      11.4.1. Power Plant
      11.4.2. Substation
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Advanced Power Transformer Market Size and Volume Forecast by Type
      11.7.1. Power 500kV
      11.7.2. Power 1000kV
      11.7.3. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Advanced Power Transformer Demand Share, 2019-2026

12. Asia Pacific Advanced Power Transformer Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Advanced Power Transformer Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Advanced Power Transformer Market Size and Volume Forecast by Application
      12.4.1. Power Plant
      12.4.2. Substation
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Advanced Power Transformer Market Size and Volume Forecast by Type
      12.7.1. Power 500kV
      12.7.2. Power 1000kV
      12.7.3. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Advanced Power Transformer Demand Share, 2019-2026

13. Middle East & Africa Advanced Power Transformer Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Advanced Power Transformer Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Advanced Power Transformer Market Size and Volume Forecast by Application
      13.4.1. Power Plant
      13.4.2. Substation
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Advanced Power Transformer Market Size and Volume Forecast by Type
      13.7.1. Power 500kV
      13.7.2. Power 1000kV
      13.7.3. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Advanced Power Transformer Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Advanced Power Transformer Market: Market Share Analysis
   14.2. Advanced Power Transformer Distributors and Customers
   14.3. Advanced Power Transformer Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ABB Overview Financials Developments Strategic Outlook
      14.4.2. Siemens Overview Financials Developments Strategic Outlook
      14.4.3. Toshiba Overview Financials Developments Strategic Outlook
      14.4.4. Hyosung Overview Financials Developments Strategic Outlook
      14.4.5. GE Overview Financials Developments Strategic Outlook
      14.4.6. Hitachi Overview Financials Developments Strategic Outlook
      14.4.7. Tebian Electric Apparatus (TBEA) Overview Financials Developments Strategic Outlook
      14.4.8. Baoding Tianwei Baobian Electric Overview Financials Developments Strategic Outlook
      14.4.9. China XD Electric Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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