Market Overview:
The global air insulated 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 power infrastructure across the globe. In addition, growing awareness about energy efficiency is also propelling the growth of this market. Based on type, the global air insulated transformer market can be segmented into low voltage transformer, medium voltage transformer, and high voltage transformer. Low voltage transformers are used for applications up to 1000 volts, while medium voltage transformers are used for applications between 1000 volts and 35 kilovolts (kV). High voltage transformers are used for applications above 35 kV. Based on application, the global air insulated transformer market can be segmented into industrial, commercial, and others segments.
Product Definition:
An air insulated transformer is a type of transformer that uses air as the insulation between the primary and secondary coils. Air insulated transformers are used in applications where there is a risk of fire or explosion, such as in oil refineries and chemical plants. The use of air as an insulator eliminates the need for any type of flammable insulation material, which makes these transformers safer to use in these types of environments.
Low Voltage Transformer:
Low voltage transformer is a device used to step up or step down the high/low voltage power supply in an electrical circuit. It has two main forms, core-form and shell-form. Shell-form low voltage transformer has a metal case with windings around the outside; Core form consists of multiple layers of copper wire wound around a central core, also known as “core”.
Medium Voltage Transformer:
An air insulated transformer is a device used to step up or step down the voltage of an electrical signal. It consists of two windings - an outer primary and inner secondary, which are connected by a bridge rectifier. The transformer has no physical connections; instead, it relies on electromagnetic induction for switching the current flow between its input and output terminals.
The medium voltage Transformer market size was valued at USD 1,22,867 in 2015.
Application Insights:
The commercial application segment dominated the global air insulated transformer market in 2017, accounting for over 60.0% share of the total revenue. Increasing construction activities and industrialization in emerging economies such as India and China are expected to boost product demand for commercial applications over the forecast period.
Increasing urbanization has led to an increase in temperature control requirements in cold storage facilities, which is anticipated to drive demand for air insulated transformers with a high voltage rating of up to 400VAC across food processing industries globally.
Regional Analysis:
North America dominated the global air insulated transformer market in 2017. The region is expected to witness a considerable growth rate of 5.4% over the forecast period, owing to increasing demand for energy storage systems and growing renewable power generation capacity across the U.S., Canada, and Mexico.
The Asia Pacific regional market is anticipated to grow at a significant rate over the forecast period owing to rapid industrialization and urbanization in countries such as China, India, Indonesia, Malaysia Philippines Singapore South Korea Thailand Vietnam among others which are driving up infrastructure development activities leading to an increase in construction projects especially hotels.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy conservation
- Technological advancements in air insulated transformer manufacturing process
- Rising awareness about the benefits of air insulated transformers over conventional oil-filled transformers
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Insulated Transformer Market Research Report
By Type
Low Voltage Transformer, Medium Voltage Transformer, High Voltage Transformer
By Application
Industrial, Commercial, Others
By Companies
ABB, Eaton, Siemens, Avantha, Voltamp Transformers, Schneider Electric, TBEA, Jinpan International, Bharat Heavy Electricals, ABC Transformers, Olsun Electrics
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Air Insulated Transformer Market Report Segments:
The global Air Insulated Transformer market is segmented on the basis of:
Types
Low Voltage Transformer, Medium Voltage Transformer, High Voltage Transformer
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
Industrial, Commercial, 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:
- ABB
- Eaton
- Siemens
- Avantha
- Voltamp Transformers
- Schneider Electric
- TBEA
- Jinpan International
- Bharat Heavy Electricals
- ABC Transformers
- Olsun Electrics
Highlights of The Air Insulated 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:
- Low Voltage Transformer
- Medium Voltage Transformer
- High Voltage Transformer
- By Application:
- Industrial
- Commercial
- 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 Air Insulated 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?
An air insulated transformer is a device used to convert electrical energy into heat. The transformer uses an airtight enclosure to keep the heat inside, and it transfers the heat through metal coils to produce electricity.
Some of the major companies in the air insulated transformer market are ABB, Eaton, Siemens, Avantha, Voltamp Transformers, Schneider Electric, TBEA, Jinpan International, Bharat Heavy Electricals, ABC Transformers, Olsun Electrics.
The air insulated transformer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Insulated Transformer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Insulated Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Insulated Transformer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Insulated Transformer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Insulated Transformer Market Size & Forecast, 2018-2028
4.5.1 Air Insulated Transformer Market Size and Y-o-Y Growth
4.5.2 Air Insulated Transformer Market Absolute $ Opportunity
Chapter 5 Global Air Insulated Transformer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air Insulated Transformer Market Size Forecast by Type
5.2.1 Low Voltage Transformer
5.2.2 Medium Voltage Transformer
5.2.3 High Voltage Transformer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air Insulated Transformer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air Insulated Transformer Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Insulated Transformer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Insulated Transformer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air Insulated Transformer Analysis and Forecast
9.1 Introduction
9.2 North America Air Insulated Transformer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air Insulated Transformer Market Size Forecast by Type
9.6.1 Low Voltage Transformer
9.6.2 Medium Voltage Transformer
9.6.3 High Voltage Transformer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air Insulated Transformer Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air Insulated Transformer Analysis and Forecast
10.1 Introduction
10.2 Europe Air Insulated Transformer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air Insulated Transformer Market Size Forecast by Type
10.6.1 Low Voltage Transformer
10.6.2 Medium Voltage Transformer
10.6.3 High Voltage Transformer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air Insulated Transformer Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air Insulated Transformer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air Insulated Transformer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air Insulated Transformer Market Size Forecast by Type
11.6.1 Low Voltage Transformer
11.6.2 Medium Voltage Transformer
11.6.3 High Voltage Transformer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air Insulated Transformer Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air Insulated Transformer Analysis and Forecast
12.1 Introduction
12.2 Latin America Air Insulated Transformer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air Insulated Transformer Market Size Forecast by Type
12.6.1 Low Voltage Transformer
12.6.2 Medium Voltage Transformer
12.6.3 High Voltage Transformer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air Insulated Transformer Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air Insulated Transformer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air Insulated Transformer Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air Insulated Transformer Market Size Forecast by Type
13.6.1 Low Voltage Transformer
13.6.2 Medium Voltage Transformer
13.6.3 High Voltage Transformer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air Insulated Transformer Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Insulated Transformer Market: Competitive Dashboard
14.2 Global Air Insulated Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 Siemens
14.3.4 Avantha
14.3.5 Voltamp Transformers
14.3.6 Schneider Electric
14.3.7 TBEA
14.3.8 Jinpan International
14.3.9 Bharat Heavy Electricals
14.3.10 ABC Transformers
14.3.11 Olsun Electrics
