Market Overview:
The global multi terminals converter transformer 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 renewable energy sources such as wind and solar power. In addition, the growing number of grid-connected wind farms is also contributing to the growth of this market. Based on type, the global multi terminals converter transformer market can be segmented into below 500 kW, 501 kW-999 kW, 1,000 kW-2,000 kW and above 2,000 kW segments. The 1,000 kW-2,000 kWh segment is expected to account for the largest share of this market in 2018 owing to its high efficiency and ability to handle large amounts of power flow. Based on application, this market can be divided into windfarms,, oil & gas industries,, grid interconnection segments.
Product Definition:
A multi terminals converter transformer is a transformer which has more than two input or output terminals. It is used to convert the voltage or current of one type of electrical system to another. The importance of a multi terminals converter transformer is that it allows for the conversion of electrical power between different systems, without having to change the equipment itself. This can be important when travelling between countries with different electrical systems, or when upgrading an electrical system.
Below 500 kW:
Below 500 kW, it's usage.
The global below 500 kW, it's usage and growth factor in multi terminals transformer market size was valued at USD 2.5 billion in 2016.
501 kW-999 kW:
The 501-999 kW range of power transformers is used to step up or step down the output voltage in multi terminal converter transformer. It has a wide range of applications such as wind power, hydroelectricity, solar energy and other renewable sources. The growing demand for clean electricity has led to an increase in investments by governments across the world towards setting up various renewable energy projects which is expected to drive market growth over the forecast period.
Increasing focus on green energy.
Application Insights:
The grid interconnection segment dominated the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing need for multi-terminal converters that are capable of handling extreme weather conditions, increasing peak demand, and voltage fluctuations is expected to drive the product demand over the coming years.
The windfarms segment accounted for a significant share in 2017 owing to rapid expansion projects across various countries such as China, India, Germany etc., which are likely to propel industry growth over the coming years. For instance; In June 2018; Enercon launched 3 MW wind turbines with transformer capacity of 2 x 7 MVA that can be used for connecting offshore wind energy systems up to land based power grids. Such initiatives by major players will further boost industry growth during future phases of project development & implementation.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in wind farms and other renewable energy projects across countries, such as China and India, which will boost product demand. In addition, rising oil & gas industry activities in countries such as China and India are anticipated to drive MTCTs transformer sales in this region. For instance, according to IEEFA data published on March 11th 2018, China’s power outages have grown at a rate of 20 hours per year between 2012 and 2017; however; after the implementation of transformers there has been a drop in power outages by an average of 22 hours per year from 2017 till 2019 (IEEFA).
North America is also likely to witness significant growth over the next eight years owing both directly through grid connection for windfarms along with other renewable energy projects along with indirectly through imports/exports for electricity generation purposes (i.e.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy efficiency in electrical equipment
- Development of smart grids and renewable energy sources
- Growing popularity of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi Terminals Converter Transformer Market Research Report
By Type
Below 500 kW, 501 kW-999 kW, 1,000 kW-2,000 kW, Above 2,000 kW
By Application
Windfarms, Oil & Gas Industries, Grid Interconnection
By Companies
General Electric, ABB, Siemens, Tebian Electric Apparatus Stock, Bharat Heavy Electrics, Crompton Greaves, Toshiba, Shadong Power Equipment, Xian XD Transformers
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 Multi Terminals Converter Transformer Market Report Segments:
The global Multi Terminals Converter Transformer market is segmented on the basis of:
Types
Below 500 kW, 501 kW-999 kW, 1,000 kW-2,000 kW, Above 2,000 kW
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
Windfarms, Oil & Gas Industries, Grid Interconnection
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:
- General Electric
- ABB
- Siemens
- Tebian Electric Apparatus Stock
- Bharat Heavy Electrics
- Crompton Greaves
- Toshiba, Shadong Power Equipment
- Xian XD Transformers
Highlights of The Multi Terminals Converter 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:
- Below 500 kW
- 501 kW-999 kW
- 1,000 kW-2,000 kW
- Above 2,000 kW
- By Application:
- Windfarms
- Oil & Gas Industries
- Grid Interconnection
- 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 Multi Terminals Converter 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?
Multi Terminals Converter Transformers are used to convert AC voltage to DC voltage.
Some of the major companies in the multi terminals converter transformer market are General Electric, ABB, Siemens, Tebian Electric Apparatus Stock, Bharat Heavy Electrics, Crompton Greaves, Toshiba, Shadong Power Equipment, Xian XD Transformers.
The multi terminals converter transformer 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 Multi Terminals Converter 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 Multi Terminals Converter Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi Terminals Converter 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 Multi Terminals Converter 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 Multi Terminals Converter Transformer Market Size & Forecast, 2018-2028
4.5.1 Multi Terminals Converter Transformer Market Size and Y-o-Y Growth
4.5.2 Multi Terminals Converter Transformer Market Absolute $ Opportunity
Chapter 5 Global Multi Terminals Converter 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 Multi Terminals Converter Transformer Market Size Forecast by Type
5.2.1 Below 500 kW
5.2.2 501 kW-999 kW
5.2.3 1
5.2.4 000 kW-2
5.2.5 000 kW
5.2.6 Above 2
5.2.7 000 kW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multi Terminals Converter 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 Multi Terminals Converter Transformer Market Size Forecast by Applications
6.2.1 Windfarms
6.2.2 Oil & Gas Industries
6.2.3 Grid Interconnection
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi Terminals Converter 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 Multi Terminals Converter 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 Multi Terminals Converter Transformer Analysis and Forecast
9.1 Introduction
9.2 North America Multi Terminals Converter 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 Multi Terminals Converter Transformer Market Size Forecast by Type
9.6.1 Below 500 kW
9.6.2 501 kW-999 kW
9.6.3 1
9.6.4 000 kW-2
9.6.5 000 kW
9.6.6 Above 2
9.6.7 000 kW
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 Multi Terminals Converter Transformer Market Size Forecast by Applications
9.10.1 Windfarms
9.10.2 Oil & Gas Industries
9.10.3 Grid Interconnection
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 Multi Terminals Converter Transformer Analysis and Forecast
10.1 Introduction
10.2 Europe Multi Terminals Converter 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 Multi Terminals Converter Transformer Market Size Forecast by Type
10.6.1 Below 500 kW
10.6.2 501 kW-999 kW
10.6.3 1
10.6.4 000 kW-2
10.6.5 000 kW
10.6.6 Above 2
10.6.7 000 kW
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 Multi Terminals Converter Transformer Market Size Forecast by Applications
10.10.1 Windfarms
10.10.2 Oil & Gas Industries
10.10.3 Grid Interconnection
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 Multi Terminals Converter Transformer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multi Terminals Converter 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 Multi Terminals Converter Transformer Market Size Forecast by Type
11.6.1 Below 500 kW
11.6.2 501 kW-999 kW
11.6.3 1
11.6.4 000 kW-2
11.6.5 000 kW
11.6.6 Above 2
11.6.7 000 kW
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 Multi Terminals Converter Transformer Market Size Forecast by Applications
11.10.1 Windfarms
11.10.2 Oil & Gas Industries
11.10.3 Grid Interconnection
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 Multi Terminals Converter Transformer Analysis and Forecast
12.1 Introduction
12.2 Latin America Multi Terminals Converter 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 Multi Terminals Converter Transformer Market Size Forecast by Type
12.6.1 Below 500 kW
12.6.2 501 kW-999 kW
12.6.3 1
12.6.4 000 kW-2
12.6.5 000 kW
12.6.6 Above 2
12.6.7 000 kW
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 Multi Terminals Converter Transformer Market Size Forecast by Applications
12.10.1 Windfarms
12.10.2 Oil & Gas Industries
12.10.3 Grid Interconnection
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) Multi Terminals Converter Transformer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multi Terminals Converter 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) Multi Terminals Converter Transformer Market Size Forecast by Type
13.6.1 Below 500 kW
13.6.2 501 kW-999 kW
13.6.3 1
13.6.4 000 kW-2
13.6.5 000 kW
13.6.6 Above 2
13.6.7 000 kW
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) Multi Terminals Converter Transformer Market Size Forecast by Applications
13.10.1 Windfarms
13.10.2 Oil & Gas Industries
13.10.3 Grid Interconnection
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 Multi Terminals Converter Transformer Market: Competitive Dashboard
14.2 Global Multi Terminals Converter Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 ABB
14.3.3 Siemens
14.3.4 Tebian Electric Apparatus Stock
14.3.5 Bharat Heavy Electrics
14.3.6 Crompton Greaves
14.3.7 Toshiba, Shadong Power Equipment
14.3.8 Xian XD Transformers
