Market Overview:
The global large power transformers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity and rising investments in transmission and distribution infrastructure across the globe. In terms of type, the 100 MVA to 500 MVA segment is expected to account for the largest share of the global large power transformers market in 2018, followed by 501 MVA to 800 MVA and 801 MVA to 1200 MVA segments. The increasing demand for high-capacity transformers from utilities and electro-intensive industries is driving the growth of these segments. In terms of application, power generation is expected to account for the largest share of the global large power transformer market in 2018, followed by power transmission and electro-intensive industrial applications.
Product Definition:
A large power transformer is a device used to transfer electrical power from one circuit to another, with a higher voltage. These devices are important because they can help transmit power over long distances without losing too much energy in the process.
100 MVA to 500 MVA:
The 100-MVA to 500-MVA power transformers are used in the transmission and distribution of electric power. The growth factor for these products is 1.1 times to 3 times, based on the capacity of transformer.
These products have a wide range of applications including HVDC systems, substation automation, renewable energy integration and other smart grid applications along with traditional uses such as oil & gas pipeline system or rail road network expansion etc.
501 MVA to 800 MVA:
The term MVA is used for measuring the power of electrical transformers. It represents the maximum short-circuit current that a transformer can handle without breaking down.
MVA rating is used for classifying electric power transformer capacity in terms of primary and secondary levels.
Application Insights:
The power generation segment accounted for the largest revenue share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. Large power transformers are used in coal-fired, nuclear, hydroelectric, and other thermal power plants for stable electricity supply across multiple generating stations.
Electro-intensive industries such as oil & gas and chemical require a high level of safety along with reliability while conducting industrial operations. Large Power Transformers (LPT) provide reliable electrical energy during peak hours as well as low voltage steady state current to electro-intensive industries at a cost effective rate without affecting their productivity or efficiency record keeping.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for large power transformers in countries, such as China, India, Japan, South Korea and Taiwan. Large scale industrialization coupled with rapidly growing electrical & electronics industry in these developing economies is anticipated to drive product demand over the next eight years.
The Asia Pacific region accounted for a share of more than 30% of global large power transformer production in 2016 owing to availability of low-cost labor and raw materials used for manufacturing primary cells as well as secondary cells. In addition, rising infrastructural development activities are also estimated to fuel product demand across this region during the forecast period.
Europe was valued at USD X billion in 2017 owing to presence of major automobile manufacturers across this region along with high consumption levels associated with electronic products including laptops.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and electrification in emerging markets
- Replacement of aging infrastructure in developed countries
- Integration of renewable energy sources into the grid
- Development of smart grids and microgrids
Scope Of The Report
Report Attributes
Report Details
Report Title
Large Power Transformers Market Research Report
By Type
100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA
By Application
Power Generation, Power Transmission, Electro-Intensive Industrial
By Companies
ABB, Alstom, Crompton Greaves, Siemens, General Electric, Hyundai Heavy Industries, TBEA, 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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Large Power Transformers Market Report Segments:
The global Large Power Transformers market is segmented on the basis of:
Types
100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA
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
Power Generation, Power Transmission, Electro-Intensive Industrial
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
- Alstom
- Crompton Greaves
- Siemens
- General Electric
- Hyundai Heavy Industries
- TBEA
- ABB
Highlights of The Large Power 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:
- 100 MVA to 500 MVA
- 501 MVA to 800 MVA
- 801 MVA to 1200 MVA
- By Application:
- Power Generation
- Power Transmission
- Electro-Intensive Industrial
- 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 Large Power 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
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- Product & Brand Management
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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?
Large power transformers are a type of transformer that can handle a lot of electricity. They are used in places where there is a lot of electricity demand, such as factories and power plants.
Some of the major companies in the large power transformers market are ABB, Alstom, Crompton Greaves, Siemens, General Electric, Hyundai Heavy Industries, TBEA, ABB.
The large power 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 Large Power 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 Large Power Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Large Power 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 Large Power 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 Large Power Transformers Market Size & Forecast, 2020-2028
4.5.1 Large Power Transformers Market Size and Y-o-Y Growth
4.5.2 Large Power 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
5.2.1 100 MVA to 500 MVA
5.2.2 501 MVA to 800 MVA
5.2.3 801 MVA to 1200 MVA
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 Power Generation
6.2.2 Power Transmission
6.2.3 Electro-Intensive Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Large Power 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 Large Power 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
9.6.1 100 MVA to 500 MVA
9.6.2 501 MVA to 800 MVA
9.6.3 801 MVA to 1200 MVA
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 Power Generation
9.10.2 Power Transmission
9.10.3 Electro-Intensive Industrial
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
10.6.1 100 MVA to 500 MVA
10.6.2 501 MVA to 800 MVA
10.6.3 801 MVA to 1200 MVA
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 Power Generation
10.10.2 Power Transmission
10.10.3 Electro-Intensive Industrial
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
11.6.1 100 MVA to 500 MVA
11.6.2 501 MVA to 800 MVA
11.6.3 801 MVA to 1200 MVA
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 Power Generation
11.10.2 Power Transmission
11.10.3 Electro-Intensive Industrial
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
12.6.1 100 MVA to 500 MVA
12.6.2 501 MVA to 800 MVA
12.6.3 801 MVA to 1200 MVA
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 Power Generation
12.10.2 Power Transmission
12.10.3 Electro-Intensive Industrial
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
13.6.1 100 MVA to 500 MVA
13.6.2 501 MVA to 800 MVA
13.6.3 801 MVA to 1200 MVA
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 Power Generation
13.10.2 Power Transmission
13.10.3 Electro-Intensive Industrial
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 Large Power Transformers Market: Competitive Dashboard
14.2 Global Large Power Transformers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Alstom
14.3.3 Crompton Greaves
14.3.4 Siemens
14.3.5 General Electric
14.3.6 Hyundai Heavy Industries
14.3.7 TBEA
14.3.8 ABB
