Market Overview:
The global bipolar converter 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 renewable energy sources and the growing need for grid interconnection. In terms of type, the below 500 kW segment is expected to dominate the market during the forecast period. This can be attributed to its low cost and easy installation. However, with technological advancements, there is an increasing demand for high-power bipolar converter transformers in windfarms and oil & gas industries.
Product Definition:
A bipolar converter transformer is a device used to convert an AC voltage to a DC voltage. It is important because it can provide a stable DC output voltage even when the input AC voltage varies.
Below 500 kW:
Below 500 kW, it's usage and growth factor in bipolar converter transformer market is expected to witness significant growth over the forecast period. The primary reason for this increase in demand is due to the growing requirement of electricity across developing countries such as India, China, Vietnam and South Korea. Moreover, increasing government initiatives towards power generation projects are also one of the key factors driving below 500 kW transformers market.
501 kW-999 kW:
The 501 kW-999 kW is a range of power rating which is used in the bipolar converter transformer. The power rating from 501 kW to 999 kW are commonly known as Medium Power Transformer (MFT) and High Power Transformer (HPT), respectively.
Medium Power Transformers have current ratings ranging from 1A to 35A, while High Power Transformers have current ratings ranging from 36A up to 450A.
Application Insights:
The windfarms segment dominated the global bipolar converter transformer market in terms of revenue share in 2017. The growth can be attributed to increasing installations of wind turbines across the globe. Increasing demand for clean energy is also propelling the growth of this segment. Bipolar transformers are used as a step-up power supply for wind turbines, which require higher voltage levels for efficient operation.
The grid interconnection segment is projected to grow at a CAGR exceeding 7% from 2018 to 2030 owing to an increase in demand for stable and secure electricity transmission systems across various regions, including North America and Europe.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing wind farm installations in China and India. In 2016, China had a total installed capacity of 77 GW from wind power plants, making it the largest country with respect to wind farms across the globe. Moreover, according to IEEFA, as of 2018, China has 15 GW under construction or planning which will add up to its total capacity by 2020.
North America bipolar converter transformer market was valued at USD X million in 2017 and is expected to witness substantial growth over the forecast period owing rising demand for renewable energy sources such as solar & battery storage systems along with electric vehicles in U.S.
Growth Factors:
- Increasing demand for bipolar converter transformer in the industrial sector
- Rising awareness about the benefits of bipolar converter transformer among consumers
- Growing number of product launches by key players in the bipolar converter transformer market
- increasing adoption of bipolar converter transformer in renewable energy applications
- rising demand from developing countries for bipolar converter transformers
Scope Of The Report
Report Attributes
Report Details
Report Title
Bipolar Converter Transformer Market Research Report
By Type
Below 500 kW, 501 kW-999 kW, 1,000 kW-2,000 kW, Above 2,000 kW
By Application
Windfarms, Oil & Gas Industries, Grid Interconnection
By Companies
General Electric, ABB, Siemens, Tebian Electric Apparatus Stock, Bharat Heavy Electrics, Crompton Greaves, Toshiba, Shadong Power Equipment, Xian XD Transformers
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Bipolar Converter Transformer Market Report Segments:
The global Bipolar Converter Transformer market is segmented on the basis of:
Types
Below 500 kW, 501 kW-999 kW, 1,000 kW-2,000 kW, Above 2,000 kW
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
Windfarms, Oil & Gas Industries, Grid Interconnection
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:
- General Electric
- ABB
- Siemens
- Tebian Electric Apparatus Stock
- Bharat Heavy Electrics
- Crompton Greaves
- Toshiba, Shadong Power Equipment
- Xian XD Transformers
Highlights of The Bipolar Converter 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:
- Below 500 kW
- 501 kW-999 kW
- 1,000 kW-2,000 kW
- Above 2,000 kW
- By Application:
- Windfarms
- Oil & Gas Industries
- Grid Interconnection
- 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 Bipolar Converter 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 bipolar converter transformer is a device that converts alternating current (AC) into direct current (DC).
Some of the major players in the bipolar converter transformer market are General Electric, ABB, Siemens, Tebian Electric Apparatus Stock, Bharat Heavy Electrics, Crompton Greaves, Toshiba, Shadong Power Equipment, Xian XD Transformers.
The bipolar converter transformer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bipolar Converter 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 Bipolar Converter Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bipolar Converter 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 Bipolar Converter 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 Bipolar Converter Transformer Market Size & Forecast, 2018-2028
4.5.1 Bipolar Converter Transformer Market Size and Y-o-Y Growth
4.5.2 Bipolar Converter Transformer Market Absolute $ Opportunity
Chapter 5 Global Bipolar Converter 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 Bipolar Converter Transformer Market Size Forecast by Type
5.2.1 Below 500 kW
5.2.2 501 kW-999 kW
5.2.3 1
5.2.4 000 kW-2
5.2.5 000 kW
5.2.6 Above 2
5.2.7 000 kW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bipolar Converter 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 Bipolar Converter Transformer Market Size Forecast by Applications
6.2.1 Windfarms
6.2.2 Oil & Gas Industries
6.2.3 Grid Interconnection
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bipolar Converter 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 Bipolar Converter 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 Bipolar Converter Transformer Analysis and Forecast
9.1 Introduction
9.2 North America Bipolar Converter 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 Bipolar Converter Transformer Market Size Forecast by Type
9.6.1 Below 500 kW
9.6.2 501 kW-999 kW
9.6.3 1
9.6.4 000 kW-2
9.6.5 000 kW
9.6.6 Above 2
9.6.7 000 kW
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 Bipolar Converter Transformer Market Size Forecast by Applications
9.10.1 Windfarms
9.10.2 Oil & Gas Industries
9.10.3 Grid Interconnection
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 Bipolar Converter Transformer Analysis and Forecast
10.1 Introduction
10.2 Europe Bipolar Converter 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 Bipolar Converter Transformer Market Size Forecast by Type
10.6.1 Below 500 kW
10.6.2 501 kW-999 kW
10.6.3 1
10.6.4 000 kW-2
10.6.5 000 kW
10.6.6 Above 2
10.6.7 000 kW
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 Bipolar Converter Transformer Market Size Forecast by Applications
10.10.1 Windfarms
10.10.2 Oil & Gas Industries
10.10.3 Grid Interconnection
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 Bipolar Converter Transformer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bipolar Converter 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 Bipolar Converter Transformer Market Size Forecast by Type
11.6.1 Below 500 kW
11.6.2 501 kW-999 kW
11.6.3 1
11.6.4 000 kW-2
11.6.5 000 kW
11.6.6 Above 2
11.6.7 000 kW
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 Bipolar Converter Transformer Market Size Forecast by Applications
11.10.1 Windfarms
11.10.2 Oil & Gas Industries
11.10.3 Grid Interconnection
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 Bipolar Converter Transformer Analysis and Forecast
12.1 Introduction
12.2 Latin America Bipolar Converter 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 Bipolar Converter Transformer Market Size Forecast by Type
12.6.1 Below 500 kW
12.6.2 501 kW-999 kW
12.6.3 1
12.6.4 000 kW-2
12.6.5 000 kW
12.6.6 Above 2
12.6.7 000 kW
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 Bipolar Converter Transformer Market Size Forecast by Applications
12.10.1 Windfarms
12.10.2 Oil & Gas Industries
12.10.3 Grid Interconnection
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) Bipolar Converter Transformer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bipolar Converter 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) Bipolar Converter Transformer Market Size Forecast by Type
13.6.1 Below 500 kW
13.6.2 501 kW-999 kW
13.6.3 1
13.6.4 000 kW-2
13.6.5 000 kW
13.6.6 Above 2
13.6.7 000 kW
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) Bipolar Converter Transformer Market Size Forecast by Applications
13.10.1 Windfarms
13.10.2 Oil & Gas Industries
13.10.3 Grid Interconnection
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 Bipolar Converter Transformer Market: Competitive Dashboard
14.2 Global Bipolar Converter Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 ABB
14.3.3 Siemens
14.3.4 Tebian Electric Apparatus Stock
14.3.5 Bharat Heavy Electrics
14.3.6 Crompton Greaves
14.3.7 Toshiba, Shadong Power Equipment
14.3.8 Xian XD Transformers
