Market Overview:
The global custom 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 custom transformers from various end-use industries, such as military, avionics, medical, automotive, industrial controls and alternative energy. In addition, the growing demand for miniaturized and high-efficiency transformers is also contributing to the growth of this market. The autotransformers segment is projected to grow at a higher CAGR than other types of custom transformers during the forecast period. This can be attributed to their low cost and easy installation compared with other types of custom transformers. The three-phase transformer segment held a major share of the global custom transformer market in 2017 and is projected to grow at a moderate rate during the forecast period.
Product Definition:
A custom transformer is a special type of transformer that is designed to meet specific needs. It can be used to convert voltage, current, or frequency. Custom transformers are important because they can help improve the performance and efficiency of electrical systems.
Autotransformers:
Autotransformers are used to step up (increase) or step down (decrease) the voltage levels of an electric current. They are widely used in applications such as solar power, battery charging and lighting control systems. The growth factor for autotransformer is its ability to provide a wide range of output voltages and currents with high efficiency irrespective of input power supply conditions.
Three-Phase Transformers:
Three-phase transformers are used to convert the single-phase AC power supply to three different phases. It is widely used in commercial and industrial applications owing to its ability of handling high current and voltage levels with ease. The transformer has a core made up of ferromagnetic material that helps in increasing the electrical energy from one circuit to another by making alternate connections between primary and secondary windings through magnetic fields.
Application Insights:
The automotive segment accounted for a revenue share of over 30% in 2017. The global demand for electric vehicles is increasing with the support of various government and non-government organizations. Various manufacturers are investing in R&D to develop low-cost batteries, which will drive the demand for transformers across this sector.
The industrial controls segment is expected to witness significant growth over the forecast period owing to an increase in usage of electrical equipment on large scale power generation plants and petrochemical units as well as chemical processing facilities. Moreover, growing use of electronic devices such as computers, laptops and mobile phones is anticipated to further boost product demand from this sector during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising adoption of renewable energy sources in countries such as China, India, South Korea, Taiwan, and Japan. In addition, growing electronics industry in these regions will drive demand for custom transformers over the next eight years.
The Asia Pacific custom transformer market was valued at USD X million in 2017 owing to high consumption of power quality products by end-use industries such as medical & healthcare (40%), automotive (20%) and industrial applications (15%). Increasing government investments for developing infrastructure has also spurred product demand across various sectors including transportation & logistics; oil & gas; building & construction; water management etc., which is further expected to propel regional growth over the coming years.
Growth Factors:
- Increasing demand for energy-efficient and reliable power supplies
- Rapid industrialization and urbanization in developing countries
- Rising demand from the automotive sector
- Growing popularity of renewable energy sources
- Proliferation of smart grids
Scope Of The Report
Report Attributes
Report Details
Report Title
Custom Transformer Market Research Report
By Type
Autotransformers, Three-Phase Transformers, High-Voltage Transformers, Isolation Transformers, Switch Mode Transformers, Inverter Transformers, Flyback Transformers, Others
By Application
Military, Avionics, Medical, Automotive, Industrial Controls, Alternative Energy, Others
By Companies
Pacific Transformer, Lenco Electronics, Inc., Triad Magnetics, L/C Magnetics, MPS Industries, Inc., Electronic Craftsmen, Neeltran, Inc., West Coast Magnetics, Magnetic Circuit Elements Inc., Inglot Electronics Corp., Schott Magnetics, Torelco, Magnetic Metals Corp., Bruce Electric Equipment Corp., Coilcraft, Inc., Ascend Electronics Inc., Able Coil & Electronics Co., Inc., Design Criteria, Inc.
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Custom Transformer Market Report Segments:
The global Custom Transformer market is segmented on the basis of:
Types
Autotransformers, Three-Phase Transformers, High-Voltage Transformers, Isolation Transformers, Switch Mode Transformers, Inverter Transformers, Flyback Transformers, 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
Military, Avionics, Medical, Automotive, Industrial Controls, Alternative Energy, 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:
- Pacific Transformer
- Lenco Electronics, Inc.
- Triad Magnetics
- L/C Magnetics
- MPS Industries, Inc.
- Electronic Craftsmen
- Neeltran, Inc.
- West Coast Magnetics
- Magnetic Circuit Elements Inc.
- Inglot Electronics Corp.
- Schott Magnetics
- Torelco
- Magnetic Metals Corp.
- Bruce Electric Equipment Corp.
- Coilcraft, Inc.
- Ascend Electronics Inc.
- Able Coil & Electronics Co., Inc.
- Design Criteria, Inc.
Highlights of The Custom 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:
- Autotransformers
- Three-Phase Transformers
- High-Voltage Transformers
- Isolation Transformers
- Switch Mode Transformers
- Inverter Transformers
- Flyback Transformers
- Others
- By Application:
- Military
- Avionics
- Medical
- Automotive
- Industrial Controls
- Alternative Energy
- 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 Custom 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
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- Understanding Competition Scenario
- Product & Brand Management
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- 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 Custom Transformer is a type of transformer that is specifically designed for a specific application.
Some of the major companies in the custom transformer market are Pacific Transformer, Lenco Electronics, Inc., Triad Magnetics, L/C Magnetics, MPS Industries, Inc., Electronic Craftsmen, Neeltran, Inc., West Coast Magnetics, Magnetic Circuit Elements Inc., Inglot Electronics Corp., Schott Magnetics, Torelco, Magnetic Metals Corp., Bruce Electric Equipment Corp., Coilcraft, Inc., Ascend Electronics Inc., Able Coil & Electronics Co., Inc., Design Criteria, Inc..
The custom 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 Custom 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 Custom Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Custom 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 Custom 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 Custom Transformer Market Size & Forecast, 2018-2028
4.5.1 Custom Transformer Market Size and Y-o-Y Growth
4.5.2 Custom Transformer Market Absolute $ Opportunity
Chapter 5 Global Custom 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 Custom Transformer Market Size Forecast by Type
5.2.1 Autotransformers
5.2.2 Three-Phase Transformers
5.2.3 High-Voltage Transformers
5.2.4 Isolation Transformers
5.2.5 Switch Mode Transformers
5.2.6 Inverter Transformers
5.2.7 Flyback Transformers
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Custom 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 Custom Transformer Market Size Forecast by Applications
6.2.1 Military
6.2.2 Avionics
6.2.3 Medical
6.2.4 Automotive
6.2.5 Industrial Controls
6.2.6 Alternative Energy
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Custom 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 Custom 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 Custom Transformer Analysis and Forecast
9.1 Introduction
9.2 North America Custom 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 Custom Transformer Market Size Forecast by Type
9.6.1 Autotransformers
9.6.2 Three-Phase Transformers
9.6.3 High-Voltage Transformers
9.6.4 Isolation Transformers
9.6.5 Switch Mode Transformers
9.6.6 Inverter Transformers
9.6.7 Flyback Transformers
9.6.8 Others
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 Custom Transformer Market Size Forecast by Applications
9.10.1 Military
9.10.2 Avionics
9.10.3 Medical
9.10.4 Automotive
9.10.5 Industrial Controls
9.10.6 Alternative Energy
9.10.7 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 Custom Transformer Analysis and Forecast
10.1 Introduction
10.2 Europe Custom 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 Custom Transformer Market Size Forecast by Type
10.6.1 Autotransformers
10.6.2 Three-Phase Transformers
10.6.3 High-Voltage Transformers
10.6.4 Isolation Transformers
10.6.5 Switch Mode Transformers
10.6.6 Inverter Transformers
10.6.7 Flyback Transformers
10.6.8 Others
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 Custom Transformer Market Size Forecast by Applications
10.10.1 Military
10.10.2 Avionics
10.10.3 Medical
10.10.4 Automotive
10.10.5 Industrial Controls
10.10.6 Alternative Energy
10.10.7 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 Custom Transformer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Custom 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 Custom Transformer Market Size Forecast by Type
11.6.1 Autotransformers
11.6.2 Three-Phase Transformers
11.6.3 High-Voltage Transformers
11.6.4 Isolation Transformers
11.6.5 Switch Mode Transformers
11.6.6 Inverter Transformers
11.6.7 Flyback Transformers
11.6.8 Others
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 Custom Transformer Market Size Forecast by Applications
11.10.1 Military
11.10.2 Avionics
11.10.3 Medical
11.10.4 Automotive
11.10.5 Industrial Controls
11.10.6 Alternative Energy
11.10.7 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 Custom Transformer Analysis and Forecast
12.1 Introduction
12.2 Latin America Custom 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 Custom Transformer Market Size Forecast by Type
12.6.1 Autotransformers
12.6.2 Three-Phase Transformers
12.6.3 High-Voltage Transformers
12.6.4 Isolation Transformers
12.6.5 Switch Mode Transformers
12.6.6 Inverter Transformers
12.6.7 Flyback Transformers
12.6.8 Others
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 Custom Transformer Market Size Forecast by Applications
12.10.1 Military
12.10.2 Avionics
12.10.3 Medical
12.10.4 Automotive
12.10.5 Industrial Controls
12.10.6 Alternative Energy
12.10.7 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) Custom Transformer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Custom 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) Custom Transformer Market Size Forecast by Type
13.6.1 Autotransformers
13.6.2 Three-Phase Transformers
13.6.3 High-Voltage Transformers
13.6.4 Isolation Transformers
13.6.5 Switch Mode Transformers
13.6.6 Inverter Transformers
13.6.7 Flyback Transformers
13.6.8 Others
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) Custom Transformer Market Size Forecast by Applications
13.10.1 Military
13.10.2 Avionics
13.10.3 Medical
13.10.4 Automotive
13.10.5 Industrial Controls
13.10.6 Alternative Energy
13.10.7 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 Custom Transformer Market: Competitive Dashboard
14.2 Global Custom Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pacific Transformer
14.3.2 Lenco Electronics, Inc.
14.3.3 Triad Magnetics
14.3.4 L/C Magnetics
14.3.5 MPS Industries, Inc.
14.3.6 Electronic Craftsmen
14.3.7 Neeltran, Inc.
14.3.8 West Coast Magnetics
14.3.9 Magnetic Circuit Elements Inc.
14.3.10 Inglot Electronics Corp.
14.3.11 Schott Magnetics
14.3.12 Torelco
14.3.13 Magnetic Metals Corp.
14.3.14 Bruce Electric Equipment Corp.
14.3.15 Coilcraft, Inc.
14.3.16 Ascend Electronics Inc.
14.3.17 Able Coil & Electronics Co., Inc.
14.3.18 Design Criteria, Inc.
