Market Overview:
The global casting potential 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 electric power and rising investments in transmission and distribution infrastructure. In terms of type, the high voltage electric segment is expected to lead the global casting potential transformer market during the forecast period. This can be attributed to the increasing demand for high voltage electric power across various applications such as process industries, railways, and others. Asia Pacific is expected to be one of the fastest-growing regions in terms of revenue during the forecast period owing to rapid industrialization and growing investments in transmission and distribution infrastructure projects in countries such as China, India, Japan, South Korea, and Taiwan.
Product Definition:
A casting potential transformer (CPT) is an instrument used to measure the voltage drop between two points in a casting. The voltage drop is caused by the resistance of the metal as it flows through the mold and into the desired shape. The CPT helps foundry workers determine if there is enough voltage available to produce a good castings.
High Voltage Electric:
High voltage electric is the electrical energy greater than or equal to 1000 volts. It's different from low voltage electricity which is normally used by homes and businesses. The term high voltage usually refers to alternating current (AC) systems, although it can also refer to direct-current (DC) systems with a very high frequency. AC system has a range of 50 - 60 hertz in commercial buildings, while DC system has a frequency of around 24000 hertz and above.
Medium Voltage Electric:
The medium voltage electric is the range of AC voltage between 0 to and 30 kV. It is used in power transformers, switchgears, distribution boards, sub-transmission lines and substation. The transformer core consists of two metal windings connected by a magnetic field; one of the windings is normally grounded while the other carries an electrical current.
Application Insights:
The process industries segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Increasing demand for power transmission from renewable sources, such as wind energy, is expected to drive product demand over the coming years.
The residential sector accounted for a significant market share in 2017 owing to growing urbanization and rising disposable income among consumers in emerging countries including China, India and Brazil. Growing investments by foreign players are expected to further propel industry growth over the coming years.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to witness a growth rate of 5.6% from 2018 to 2030 owing to increasing demand for industrial automation and smart grid projects across the U.S., Canada, and Mexico.
Europe was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 due its dominance in manufacturing industries such as machinery & equipment (40%) and chemicals (27%).
Growth Factors:
- Increasing demand from the electrical and electronics industry for miniaturization of components
- Rising demand for energy-efficient and high-performance products
- Growing popularity of electric vehicles
- Proliferation of Internet of Things (IoT) devices
- Development of next-generation materials with improved performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Casting Potential transformer Market Research Report
By Type
High Voltage Electric, Medium Voltage Electric, Low Voltage Electric
By Application
Process Industries, Power Transmission, Residential, Railways, Other
By Companies
ABB, Siemens, Schneider Electrics, General Electric, Mitsubishi Electric, BHEL, Nissin Electric, CG Power, Emek, ABB
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Casting Potential transformer Market Report Segments:
The global Casting Potential transformer market is segmented on the basis of:
Types
High Voltage Electric, Medium Voltage Electric, Low Voltage Electric
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
Process Industries, Power Transmission, Residential, Railways, 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
- Schneider Electrics
- General Electric
- Mitsubishi Electric
- BHEL
- Nissin Electric
- CG Power
- Emek
- ABB
Highlights of The Casting Potential 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:
- High Voltage Electric
- Medium Voltage Electric
- Low Voltage Electric
- By Application:
- Process Industries
- Power Transmission
- Residential
- Railways
- 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 Casting Potential 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 Casting Potential transformer is a device that can be used to change the electrical potential of an object. This can be useful in transforming low-potential materials into high-potential ones, or vice versa.
Some of the major players in the casting potential transformer market are ABB, Siemens, Schneider Electrics, General Electric, Mitsubishi Electric, BHEL, Nissin Electric, CG Power, Emek, ABB.
The casting potential 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 Casting Potential 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 Casting Potential transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Casting Potential 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 Casting Potential 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 Casting Potential transformer Market Size & Forecast, 2018-2028
4.5.1 Casting Potential transformer Market Size and Y-o-Y Growth
4.5.2 Casting Potential transformer Market Absolute $ Opportunity
Chapter 5 Global Casting Potential 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 Casting Potential transformer Market Size Forecast by Type
5.2.1 High Voltage Electric
5.2.2 Medium Voltage Electric
5.2.3 Low Voltage Electric
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Casting Potential 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 Casting Potential transformer Market Size Forecast by Applications
6.2.1 Process Industries
6.2.2 Power Transmission
6.2.3 Residential
6.2.4 Railways
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Casting Potential 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 Casting Potential 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 Casting Potential transformer Analysis and Forecast
9.1 Introduction
9.2 North America Casting Potential 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 Casting Potential transformer Market Size Forecast by Type
9.6.1 High Voltage Electric
9.6.2 Medium Voltage Electric
9.6.3 Low Voltage Electric
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 Casting Potential transformer Market Size Forecast by Applications
9.10.1 Process Industries
9.10.2 Power Transmission
9.10.3 Residential
9.10.4 Railways
9.10.5 Other
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 Casting Potential transformer Analysis and Forecast
10.1 Introduction
10.2 Europe Casting Potential 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 Casting Potential transformer Market Size Forecast by Type
10.6.1 High Voltage Electric
10.6.2 Medium Voltage Electric
10.6.3 Low Voltage Electric
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 Casting Potential transformer Market Size Forecast by Applications
10.10.1 Process Industries
10.10.2 Power Transmission
10.10.3 Residential
10.10.4 Railways
10.10.5 Other
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 Casting Potential transformer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Casting Potential 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 Casting Potential transformer Market Size Forecast by Type
11.6.1 High Voltage Electric
11.6.2 Medium Voltage Electric
11.6.3 Low Voltage Electric
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 Casting Potential transformer Market Size Forecast by Applications
11.10.1 Process Industries
11.10.2 Power Transmission
11.10.3 Residential
11.10.4 Railways
11.10.5 Other
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 Casting Potential transformer Analysis and Forecast
12.1 Introduction
12.2 Latin America Casting Potential 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 Casting Potential transformer Market Size Forecast by Type
12.6.1 High Voltage Electric
12.6.2 Medium Voltage Electric
12.6.3 Low Voltage Electric
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 Casting Potential transformer Market Size Forecast by Applications
12.10.1 Process Industries
12.10.2 Power Transmission
12.10.3 Residential
12.10.4 Railways
12.10.5 Other
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) Casting Potential transformer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Casting Potential 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) Casting Potential transformer Market Size Forecast by Type
13.6.1 High Voltage Electric
13.6.2 Medium Voltage Electric
13.6.3 Low Voltage Electric
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) Casting Potential transformer Market Size Forecast by Applications
13.10.1 Process Industries
13.10.2 Power Transmission
13.10.3 Residential
13.10.4 Railways
13.10.5 Other
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 Casting Potential transformer Market: Competitive Dashboard
14.2 Global Casting Potential transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Schneider Electrics
14.3.4 General Electric
14.3.5 Mitsubishi Electric
14.3.6 BHEL
14.3.7 Nissin Electric
14.3.8 CG Power
14.3.9 Emek
14.3.10 ABB
