Market Overview:
The global constant voltage 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 constant voltage transformers from residential, schools, industries, hospitals, laboratories and other applications. Additionally, the growing demand for energy-efficient products is also contributing to the growth of this market. North America dominates the global constant voltage transformer market and is expected to continue its dominance during the forecast period.
Product Definition:
A Constant Voltage Transformer (CVT) is a transformer that maintains a steady voltage output even when the load impedance varies. This is important in applications where a stable voltage is required, such as in medical equipment and laboratory instruments.
Single Phase:
Single-phase transformers are used to step up or step down the voltage levels of an electric current. Single-phase transformers can be used in a wide range of applications including power supplies, battery chargers, portable devices, modems and network equipment among others.
The global single phase constant voltage transformer market is expected to witness significant growth over the forecast period owing to its increasing usage in various end-use industries such as automotive & transportation and IT & telecom among others.
Three Phase:
Three phase transformers are used to step up or step down the voltage levels of a power source. It has three windings, which are connected in series to provide low, medium and high voltage levels respectively. The most commonly used type is the Three Phase Inverter (TPI).
The constant voltage transformer uses three-phase switching devices for generating varying voltages and currents from single phase AC input current by using different magnetic core materials.
Application Insights:
The industry can be classified on the basis of application into industries, hospitals, laboratories, schools and others. The schools segment held the largest market share in 2017. Constant voltage transformers are used across multiple applications in education buildings such as primary and secondary school to provide stable power supply for educational equipment. This is due to the requirement of stable power supply while operating various electronic devices like computers and laptops which have become increasingly portable over recent years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for energy transformation solutions in countries, such as China and India. The growing number of manufacturing facilities in these countries coupled with the expansion of power generation capacity will drive constant voltage transformer sales in this region. Moreover, rising investments by foreign players for setting up manufacturing facilities will boost product demand over the forecast period. For instance, In January 2016, Siemens AG announced about investing USD X million for establishing a new power electronics business unit at its Vadodara plant in Gujarat state of India.
North America was estimated as the second-largest regional market and accounted for more than 25% share of global revenue in 2017 due to high consumption levels across end-use industries such as medical & healthcare (2%), industrial (18%) and others (58%). Furthermore, presence of key manufacturers including APX Technologies Inc.
Growth Factors:
- Increasing demand for electricity due to the growth of the industrial and commercial sectors
- Rapid urbanization and industrialization in developing countries
- Growing awareness about energy efficiency and its benefits
- Stringent government regulations mandating the use of energy-efficient equipment and appliances
- Technological advancements that have led to the development of more efficient CVTs
Scope Of The Report
Report Attributes
Report Details
Report Title
Constant Voltage Transformers Market Research Report
By Type
Single Phase, Three Phase
By Application
Residence, Schools, Industries, Hospital, Laboratory, Others
By Companies
Emerson Electric, Advance Electronics Ltd, Vertex Power Solutions Pvt Ltd, Claude Lyons Group, Lenco Electronics, Servokon System Ltd, Purevolt, Cetronic Power Solutions Ltd, Powercom Systems, Grant Transformers, Makvolt, Arzoo Energy Private Limited, Asmi Electricals
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Constant Voltage Transformers Market Report Segments:
The global Constant Voltage Transformers market is segmented on the basis of:
Types
Single Phase, Three Phase
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
Residence, Schools, Industries, Hospital, Laboratory, 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:
- Emerson Electric
- Advance Electronics Ltd
- Vertex Power Solutions Pvt Ltd
- Claude Lyons Group
- Lenco Electronics
- Servokon System Ltd
- Purevolt
- Cetronic Power Solutions Ltd
- Powercom Systems
- Grant Transformers
- Makvolt
- Arzoo Energy Private Limited
- Asmi Electricals
Highlights of The Constant Voltage Transformers 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:
- Single Phase
- Three Phase
- By Application:
- Residence
- Schools
- Industries
- Hospital
- Laboratory
- 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 Constant Voltage Transformers 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 constant voltage transformer (CVT) is a device that converts alternating current (AC) into direct current (DC). The primary purpose of a CVT is to provide stable power supply for electronic equipment.
Some of the major companies in the constant voltage transformers market are Emerson Electric, Advance Electronics Ltd, Vertex Power Solutions Pvt Ltd, Claude Lyons Group, Lenco Electronics, Servokon System Ltd, Purevolt, Cetronic Power Solutions Ltd, Powercom Systems, Grant Transformers, Makvolt, Arzoo Energy Private Limited, Asmi Electricals.
The constant voltage transformers 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 Constant Voltage Transformers 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 Constant Voltage Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Constant Voltage Transformers 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 Constant Voltage Transformers 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 Constant Voltage Transformers Market Size & Forecast, 2020-2028
4.5.1 Constant Voltage Transformers Market Size and Y-o-Y Growth
4.5.2 Constant Voltage Transformers Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Single Phase
5.2.2 Three Phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Residence
6.2.2 Schools
6.2.3 Industries
6.2.4 Hospital
6.2.5 Laboratory
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Constant Voltage Transformers 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 Constant Voltage Transformers 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Single Phase
9.6.2 Three Phase
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 Market Size Forecast by Applications
9.10.1 Residence
9.10.2 Schools
9.10.3 Industries
9.10.4 Hospital
9.10.5 Laboratory
9.10.6 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Single Phase
10.6.2 Three Phase
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 Market Size Forecast by Applications
10.10.1 Residence
10.10.2 Schools
10.10.3 Industries
10.10.4 Hospital
10.10.5 Laboratory
10.10.6 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Single Phase
11.6.2 Three Phase
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 Market Size Forecast by Applications
11.10.1 Residence
11.10.2 Schools
11.10.3 Industries
11.10.4 Hospital
11.10.5 Laboratory
11.10.6 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Single Phase
12.6.2 Three Phase
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 Market Size Forecast by Applications
12.10.1 Residence
12.10.2 Schools
12.10.3 Industries
12.10.4 Hospital
12.10.5 Laboratory
12.10.6 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Single Phase
13.6.2 Three Phase
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) Market Size Forecast by Applications
13.10.1 Residence
13.10.2 Schools
13.10.3 Industries
13.10.4 Hospital
13.10.5 Laboratory
13.10.6 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 Constant Voltage Transformers Market: Competitive Dashboard
14.2 Global Constant Voltage Transformers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Electric
14.3.2 Advance Electronics Ltd
14.3.3 Vertex Power Solutions Pvt Ltd
14.3.4 Claude Lyons Group
14.3.5 Lenco Electronics
14.3.6 Servokon System Ltd
14.3.7 Purevolt
14.3.8 Cetronic Power Solutions Ltd
14.3.9 Powercom Systems
14.3.10 Grant Transformers
14.3.11 Makvolt
14.3.12 Arzoo Energy Private Limited
14.3.13 Asmi Electricals
