Market Overview:
Medium voltage transformers are used to step-up or step-down the voltage levels in an electrical system. The global medium voltage transformer market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth of this market can be attributed to the increasing demand for electricity and rising investments in infrastructure development across the globe. The global medium voltage transformer market is segmented on the basis of type, application, and region. On the basis of type, it is divided into dry type, oil immersed type, and VPI (vacuum pressure impregnated) type. Dry type transformers are more popular than oil immersed and VPI types as they are less expensive and easier to maintain; however, oil immersion transformers offer better protection against fire hazards as compared to dry types. On the basis of application, it is classified into civic infrastructure (railways, stations airports), industrial applications such as power generation plants & substations), IT- data centres & server farms), building establishments such as hospitals & schools). Among these applications, civic infrastructure registered highest growth rate in terms of revenue between 2017 and 2023 owing to increasing investments by governments across different countries for upgradation or development of railway networks,, airports,, etc., In terms of revenue share,, industrial applications accounted for majority share followed by IT- data centres segment during 2017. Geographically,.
Product Definition:
Medium voltage transformers are used to transfer electrical power between circuits operating at different voltages. They are important in ensuring the safety and reliability of the electrical grid by isolating faults on one circuit from other circuits.
Dry Type:
Dry type transformers are used in medium voltage transformer applications. They have low leakage and high core count compared to wet type transformers, which results in lower power loss over long distances. The dry types also provide a higher level of reliability due to their simpler design and construction.
Oil Immersed Type:
Oil Immersed Transformers (OIT) are used in medium voltage power transformers to step up or step down the primary current. OITs have several advantages over conventional transformers including smaller size, lighter weight, and lower maintenance costs.
The growing demand for renewable energy sources is expected to drive the need for high voltage transmission systems in future which is anticipated to positively impact oil-immersed type market growth over the forecast period.
Application Insights:
The industry can be classified on the basis of application into building establishments, IT- data and server centers, industrial, and civic infrastructure (railways). The building establishment segment accounted for a major market share in 2017. Medium voltage transformers are used in power distribution networks within buildings to eliminate overloading caused by multiplexed high voltage supply systems. These devices also help reduce energy loss due to resistance resulting from long cable lengths between the source and destinations.
Civic infrastructure is expected to witness significant growth over the forecast period owing to rapid urbanization along with increasing government expenditure towards railway construction across various regions including Asia Pacific, Europe, North America and Middle East & Africa. In addition, growing emphasis on improving public transportation system within specific geographies will further boost product demand during the forecast period.
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 investments in infrastructure development, especially in China and India. For instance, as per a white paper on China's Electric Vehicle Industry published by Energy Information Administration (EIA) of U.S., it was estimated that around USD X billion were invested from 2010 to 2016 for building electric vehicle charging stations across China’s urban areas including municipal cities, provinces, autonomous regions and municipalities.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and the consequent need for reliable, quality power supply in cities
- Proliferation of smart grids and the growing trend of decentralized energy generation
- Stringent government regulations mandating energy efficiency measures across all industries
- Technological advancements that improve transformer performance and reliability
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium Voltage Transformers Market Research Report
By Type
Dry Type, Oil Immersed Type, VPI (Vacuum Pressure Impregnated Type)
By Application
Civic Infrastructure (Railways, Stations, Airports, Institutional), Industrial, IT- Data and Server Centres, Building Establishments
By Companies
ABB, Siemens, GE, Hitachi, Fuji, Schneider, Eaton, Mitsubishi, Jinpan, Koncar, 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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Medium Voltage Transformers Market Report Segments:
The global Medium Voltage Transformers market is segmented on the basis of:
Types
Dry Type, Oil Immersed Type, VPI (Vacuum Pressure Impregnated Type)
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
Civic Infrastructure (Railways, Stations, Airports, Institutional), Industrial, IT- Data and Server Centres, Building Establishments
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
- GE
- Hitachi
- Fuji
- Schneider
- Eaton
- Mitsubishi
- Jinpan
- Koncar
- ABB
Highlights of The Medium 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:
- Dry Type
- Oil Immersed Type
- VPI (Vacuum Pressure Impregnated Type)
- By Application:
- Civic Infrastructure (Railways, Stations, Airports, Institutional)
- Industrial
- IT- Data and Server Centres
- Building Establishments
- 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 Medium 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
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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?
Medium voltage transformers are used to step up or step down the voltage of electricity.
Some of the major players in the medium voltage transformers market are ABB, Siemens, GE, Hitachi, Fuji, Schneider, Eaton, Mitsubishi, Jinpan, Koncar, ABB.
The medium voltage transformers 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 Medium 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 Medium Voltage Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medium 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 Medium 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 Medium Voltage Transformers Market Size & Forecast, 2020-2028
4.5.1 Medium Voltage Transformers Market Size and Y-o-Y Growth
4.5.2 Medium 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 Dry Type
5.2.2 Oil Immersed Type
5.2.3 VPI (Vacuum Pressure Impregnated Type)
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 Civic Infrastructure (Railways
6.2.2 Stations
6.2.3 Airports
6.2.4 Institutional)
6.2.5 Industrial
6.2.6 IT- Data and Server Centres
6.2.7 Building Establishments
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medium 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 Medium 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 Dry Type
9.6.2 Oil Immersed Type
9.6.3 VPI (Vacuum Pressure Impregnated Type)
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 Civic Infrastructure (Railways
9.10.2 Stations
9.10.3 Airports
9.10.4 Institutional)
9.10.5 Industrial
9.10.6 IT- Data and Server Centres
9.10.7 Building Establishments
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 Dry Type
10.6.2 Oil Immersed Type
10.6.3 VPI (Vacuum Pressure Impregnated Type)
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 Civic Infrastructure (Railways
10.10.2 Stations
10.10.3 Airports
10.10.4 Institutional)
10.10.5 Industrial
10.10.6 IT- Data and Server Centres
10.10.7 Building Establishments
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 Dry Type
11.6.2 Oil Immersed Type
11.6.3 VPI (Vacuum Pressure Impregnated Type)
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 Civic Infrastructure (Railways
11.10.2 Stations
11.10.3 Airports
11.10.4 Institutional)
11.10.5 Industrial
11.10.6 IT- Data and Server Centres
11.10.7 Building Establishments
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 Dry Type
12.6.2 Oil Immersed Type
12.6.3 VPI (Vacuum Pressure Impregnated Type)
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 Civic Infrastructure (Railways
12.10.2 Stations
12.10.3 Airports
12.10.4 Institutional)
12.10.5 Industrial
12.10.6 IT- Data and Server Centres
12.10.7 Building Establishments
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 Dry Type
13.6.2 Oil Immersed Type
13.6.3 VPI (Vacuum Pressure Impregnated Type)
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 Civic Infrastructure (Railways
13.10.2 Stations
13.10.3 Airports
13.10.4 Institutional)
13.10.5 Industrial
13.10.6 IT- Data and Server Centres
13.10.7 Building Establishments
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 Medium Voltage Transformers Market: Competitive Dashboard
14.2 Global Medium Voltage Transformers 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 GE
14.3.4 Hitachi
14.3.5 Fuji
14.3.6 Schneider
14.3.7 Eaton
14.3.8 Mitsubishi
14.3.9 Jinpan
14.3.10 Koncar
14.3.11 ABB
