Market Overview:
The global box-type transformer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising investments in infrastructure development across the globe. In addition, growing industrialization and urbanization are also contributing to the growth of this market. The global box-type transformer market is segmented on the basis of type, application, and region. On the basis of type, it is divided into current transformer (CT), voltage transformer (VT), and others (including power transformers, distribution transformers, special purpose transformers). The current transformer segment accounted for majority share of the global box-type transformer market in 2017 and is projected to grow at a CAGR of 5.8% during 2018–2030 owing to its wide usage across various industries such as electrical power & distribution, metallurgy & petrochemical processing plants construction sites etcetera .
Product Definition:
A box-type transformer is a type of transformer that has a rectangular shape. Box-type transformers are often used in power distribution systems, as they can be easily installed in cabinets and other enclosed spaces.
Current Transformer:
Current transformer is a device used to step up or step down the voltage of AC power. It's major application is in power supply for electronic devices such as computers, LED lightings, LCDs and other consumer goods. They are also used in industrial applications such as UPS (uninterruptible power supply), telecom base stations and data communication lines among others.
Voltage Transformer:
voltage transformer is a device used to step up or step down the voltage levels of an electric signal. It is also known as a power transformer, distribution transformer, secondary/backup transformer or isolation transformer. The primary function of voltage transformers is to ensure that the electrical supply meets the requirements of various equipment such as motors, lighting systems and electronic control devices in an industrial environment.
Application Insights:
Electrical power and distribution was the largest application segment in 2017. The product is widely used in electrical power and distribution applications owing to its ability to reduce electricity loss. Distribution transformers are used for step-down or step-up conversion of high voltages to lower voltages required by load devices. Power Transformers are employed for the transformation of electrical energy into mechanical energy, which is further utilized in various appliances such as motors, generators, etc.
The construction industry was another key segment accounting for a significant market share on account of increasing demand from residential and commercial constructions across the globe. The metallurgy & petrochemical industry utilizes transformer cores made up of iron & steel alloys that can withstand high pressure without undergoing any damage due to exceeding pressure levels during oil exploration activities or natural gas production processes respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia, Malaysia Philippines Singapore and Vietnam. These countries are witnessing strong economic growth on account of rapid industrialization and increasing foreign investments in various sectors such as manufacturing, construction etc. Moreover rising electricity consumption due to growing population has compelled these countries to increase their power generation capacities through various renewable energy sources such as wind farms & solar panels for domestic use thereby driving the demand for transformers over the forecast period.
Growth Factors:
- Increasing demand from the electrical and electronics industry for miniaturization of products
- Rising demand for energy-efficient and reliable power supplies
- Growing popularity of smart grids and renewable energy sources
- Proliferation of Internet of Things (IoT) devices and increasing demand for data center capacity 5. Technological advancements that improve the efficiency, performance, and life cycle of box-type transformers
Scope Of The Report
Report Attributes
Report Details
Report Title
Box-type Transformer Market Research Report
By Type
Current Transformer, Voltage Transformer, Others
By Application
Electrical Power and Distribution, Metallurgy & Petrochemical, Construction, Others
By Companies
Siemens, ABB, GE, Arteche, Pfiffner, Emek, Indian Transformers, Koncar, DYH, China XD Group, Jiangsu Sieyuan, Shenyang Instrument Transformer, Hengyang Nanfang, Zhejiang Horizon
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Box-type Transformer Market Report Segments:
The global Box-type Transformer market is segmented on the basis of:
Types
Current Transformer, Voltage Transformer, Others
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
Electrical Power and Distribution, Metallurgy & Petrochemical, Construction, Others
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:
- Siemens
- ABB
- GE
- Arteche
- Pfiffner
- Emek
- Indian Transformers
- Koncar
- DYH
- China XD Group
- Jiangsu Sieyuan
- Shenyang Instrument Transformer
- Hengyang Nanfang
- Zhejiang Horizon
Highlights of The Box-type 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:
- Current Transformer
- Voltage Transformer
- Others
- By Application:
- Electrical Power and Distribution
- Metallurgy & Petrochemical
- Construction
- Others
- 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 Box-type 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?
A box-type transformer is a type of electrical transformer that has a rectangular or square metal case with sides that are notched to allow the insertion of the windings. The primary and secondary coils are mounted on opposite sides of the case, with their leads extending out through small openings in each side.
Some of the major players in the box-type transformer market are Siemens, ABB, GE, Arteche, Pfiffner, Emek, Indian Transformers, Koncar, DYH, China XD Group, Jiangsu Sieyuan, Shenyang Instrument Transformer, Hengyang Nanfang, Zhejiang Horizon.
The box-type 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. Box-type 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. Box-type Transformer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Box-type Transformer Market - Supply Chain
4.5. Global Box-type Transformer Market Forecast
4.5.1. Box-type Transformer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Box-type Transformer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Box-type Transformer Market Absolute $ Opportunity
5. Global Box-type 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. Box-type Transformer Market Size and Volume Forecast by Type
5.3.1. Current Transformer
5.3.2. Voltage Transformer
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Box-type 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. Box-type Transformer Market Size and Volume Forecast by Application
6.3.1. Electrical Power and Distribution
6.3.2. Metallurgy & Petrochemical
6.3.3. Construction
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Box-type 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. Box-type 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 Box-type 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. Box-type 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 Box-type Transformer Demand Share Forecast, 2019-2026
9. North America Box-type 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 Box-type 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 Box-type Transformer Market Size and Volume Forecast by Application
9.4.1. Electrical Power and Distribution
9.4.2. Metallurgy & Petrochemical
9.4.3. Construction
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Box-type Transformer Market Size and Volume Forecast by Type
9.7.1. Current Transformer
9.7.2. Voltage Transformer
9.7.3. Others
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 Box-type Transformer Demand Share Forecast, 2019-2026
10. Latin America Box-type 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 Box-type 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 Box-type Transformer Market Size and Volume Forecast by Application
10.4.1. Electrical Power and Distribution
10.4.2. Metallurgy & Petrochemical
10.4.3. Construction
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Box-type Transformer Market Size and Volume Forecast by Type
10.7.1. Current Transformer
10.7.2. Voltage Transformer
10.7.3. Others
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 Box-type Transformer Demand Share Forecast, 2019-2026
11. Europe Box-type 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 Box-type 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 Box-type Transformer Market Size and Volume Forecast by Application
11.4.1. Electrical Power and Distribution
11.4.2. Metallurgy & Petrochemical
11.4.3. Construction
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Box-type Transformer Market Size and Volume Forecast by Type
11.7.1. Current Transformer
11.7.2. Voltage Transformer
11.7.3. Others
11.8. Bass 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 Box-type Transformer Demand Share, 2019-2026
12. Asia Pacific Box-type 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 Box-type 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 Box-type Transformer Market Size and Volume Forecast by Application
12.4.1. Electrical Power and Distribution
12.4.2. Metallurgy & Petrochemical
12.4.3. Construction
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Box-type Transformer Market Size and Volume Forecast by Type
12.7.1. Current Transformer
12.7.2. Voltage Transformer
12.7.3. Others
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 Box-type Transformer Demand Share, 2019-2026
13. Middle East & Africa Box-type 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 Box-type 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 Box-type Transformer Market Size and Volume Forecast by Application
13.4.1. Electrical Power and Distribution
13.4.2. Metallurgy & Petrochemical
13.4.3. Construction
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Box-type Transformer Market Size and Volume Forecast by Type
13.7.1. Current Transformer
13.7.2. Voltage Transformer
13.7.3. Others
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 Box-type Transformer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Box-type Transformer Market: Market Share Analysis
14.2. Box-type Transformer Distributors and Customers
14.3. Box-type Transformer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Arteche
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pfiffner
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Emek
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Indian Transformers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Koncar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DYH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. China XD Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiangsu Sieyuan
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shenyang Instrument Transformer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hengyang Nanfang
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Zhejiang Horizon
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
