Market Overview:
The global phase shifting transformer (PST) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the PST market can be attributed to the increasing demand for energy-efficient solutions and rising investments in smart grid infrastructure across the globe. In addition, growing awareness about benefits of using PSTs is also contributing to the growth of this market. Based on type, direct (one core) PSTs are expected to account for a larger share of the global PST market than indirect (two cores) PSTs during the forecast period. This can be attributed to their low installation and maintenance costs as well as high efficiency levels. By application, residential applications are expected to account for a larger share of the global PST market than commercial and industrial applications during the forecast period.
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Product Definition:
Phase Shifting Transformers (PST) are transformers used to change the phase of an AC voltage. This is important for applications where the phase of the input voltage needs to be changed, such as in motor drives or inverters.
Direct (One Core) PST:
Direct (One Core) PST, also known as One-Core Phase Shift Transformer or OCPST, is a new transformer core technology developed by ABB. It was initially designed for wind power sector but has since been expanded to be used in various applications such as oil & gas and telecommunication too. The key advantage of this transformer core is that it can deliver high voltage with low current density which results in reduced energy losses during the process.
Indirect (Two Cores) PST:
The indirect (two cores) PST is used in phase shifting transformers (PST) to shift the phase of the AC input. The transformer core has two windings, one of which is connected to a low voltage side and the other to a high voltage side. As current flows through primary winding, it creates an electromagnetic field around secondary winding which induces a varying amount of AC power in secondary circuit.
Application Insights:
The industrial segment accounted for the largest revenue share of over 50% in 2017. Phase shifting transformers are used to step up and step down the voltage of industrial power supply. They are also used to reduce the voltage from high levels required in some industries such as oil & gas, steel, cement and mining. Increasing demand for electrical energy in heavy industries is expected to drive product demand over the forecast period.
Commercial application is projected to be fastest growing application at an estimated CAGR of XX% from 2018 to 2030 owing to increasing number of commercial construction projects across developing countries including China, India and Brazil which will lead to increased consumption of PSTs over the next seven years. Growing commercial construction activities coupled with rising consumerism in Asia Pacific region will boost industry growth during this period significantly.
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 adoption of phase shifting transformers in emerging countries, such as China and India. Increasing demand for power backup solutions due to heavy snowfall in countries, such as Switzerland and Norway is also driving the market growth in this region. In addition, growing industrialization coupled with rapid urbanization has resulted into increased requirement for electric power supply solutions across various commercial sectors including hotels and restaurants, hospitals, educational institutes among others which will drive the demand further.
Growth Factors:
- Increasing demand for energy efficient products: The global phase shifting transformer market is expected to grow at a CAGR of over 5% during the forecast period. This can be attributed to the increasing demand for energy efficient products across the globe.
- Rising investments in renewable energy: Phase shifting transformers are used in renewable energy systems such as wind turbines and solar photovoltaic (PV) systems to improve their performance and efficiency. Thus, the rising investments in renewable energy is expected to fuel the growth of this market during the forecast period.
- Growing popularity of smart grids: Phase shifting transformers are an important part of smart grids as they help regulate voltage and current fluctuations caused by intermittent power generation from renewables sources, thus improving grid stability and reliability. This is expected to drive the growth of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Phase Shifting Transformers (PST) Market Research Report
By Type
Direct (One Core) PST, Indirect (Two Cores) PST
By Application
Residential, Commercial, Industrial
By Companies
Siemens, ABB, Toshiba, Hammond Power Solutions, Raychem RPG, SGB_SMIT, CG Power Systems, Tamini, Baoding Tianwei Baobian Electric, Layer Electronics, Siemens
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Phase Shifting Transformers (PST) Market Report Segments:
The global Phase Shifting Transformers (PST) market is segmented on the basis of:
Types
Direct (One Core) PST, Indirect (Two Cores) PST
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
Residential, Commercial, 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:
- Siemens
- ABB
- Toshiba
- Hammond Power Solutions
- Raychem RPG
- SGB_SMIT
- CG Power Systems
- Tamini
- Baoding Tianwei Baobian Electric
- Layer Electronics
- Siemens
 Market Overview.svg)
Highlights of The Phase Shifting Transformers (PST) 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:
- Direct (One Core) PST
- Indirect (Two Cores) PST
- By Application:
- Residential
- Commercial
- 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 Phase Shifting Transformers (PST) 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
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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?
Phase Shifting Transformers (PST) are transformers that can change their phase, or the order in which they operate, to enable them to work in multiple modes simultaneously. This allows them to act as switches and controllers, allowing multiple devices to be controlled from a single location.
Some of the major companies in the phase shifting transformers (pst) market are Siemens, ABB, Toshiba, Hammond Power Solutions, Raychem RPG, SGB_SMIT, CG Power Systems, Tamini, Baoding Tianwei Baobian Electric, Layer Electronics, Siemens.
The phase shifting transformers (pst) 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 Phase Shifting Transformers (PST) 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 Phase Shifting Transformers (PST) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Phase Shifting Transformers (PST) 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 Phase Shifting Transformers (PST) 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 Phase Shifting Transformers (PST) Market Size & Forecast, 2020-2028
4.5.1 Phase Shifting Transformers (PST) Market Size and Y-o-Y Growth
4.5.2 Phase Shifting Transformers (PST) 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 Direct (One Core) PST
5.2.2 Indirect (Two Cores) PST
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 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Phase Shifting Transformers (PST) 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 Phase Shifting Transformers (PST) 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 Direct (One Core) PST
9.6.2 Indirect (Two Cores) PST
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 Residential
9.10.2 Commercial
9.10.3 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 Direct (One Core) PST
10.6.2 Indirect (Two Cores) PST
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 Residential
10.10.2 Commercial
10.10.3 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 Direct (One Core) PST
11.6.2 Indirect (Two Cores) PST
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 Residential
11.10.2 Commercial
11.10.3 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 Direct (One Core) PST
12.6.2 Indirect (Two Cores) PST
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 Residential
12.10.2 Commercial
12.10.3 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 Direct (One Core) PST
13.6.2 Indirect (Two Cores) PST
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 Residential
13.10.2 Commercial
13.10.3 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 Phase Shifting Transformers (PST) Market: Competitive Dashboard
14.2 Global Phase Shifting Transformers (PST) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 ABB
14.3.3 Toshiba
14.3.4 Hammond Power Solutions
14.3.5 Raychem RPG
14.3.6 SGB_SMIT
14.3.7 CG Power Systems
14.3.8 Tamini
14.3.9 Baoding Tianwei Baobian Electric
14.3.10 Layer Electronics
14.3.11 Siemens
