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).
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
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:
Types
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.
Applications
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:
- ABB
- Siemens
- Toshiba
- Hyosung
- GE
- Hitachi
- Tebian Electric Apparatus (TBEA)
- Baoding Tianwei Baobian Electric
- China XD Electric
Highlights of The Advanced Power Transformer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Power 500kV
- Power 1000kV
- Other
- By Application:
- Power Plant
- Substation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toshiba
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hyosung
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tebian Electric Apparatus (TBEA)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Baoding Tianwei Baobian Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China XD Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
