Market Overview:
The global power electronic 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 smart grids, traction locomotives, and electric vehicles (EVs). Additionally, the growing demand for renewable energy sources is also contributing to the growth of this market. The global power electronic transformer market can be segmented on the basis of type into single-stage, two-stage, and three-stage transformers. The single-stage transformer segment is expected to dominate the global power electronic transformer market during the forecast period owing to its low cost and easy installation.
Product Definition:
A power electronic transformer is a type of transformer that is used to convert AC power to DC power or vice versa. It is important because it can help improve the efficiency of devices that use electricity, and it can also help to stabilize the voltage and current levels in electrical systems.
Single-stage:
Single-stage transformers are used in power electronic transformer applications. They have a primary winding of 1st order and no secondary windings. The core material is non-inductive, which results in low power loss during transformation.
The single-stage core type has been gaining importance owing to its compact size and lower cost as compared to multi-stage core types, which results in less space required by the device while installation and also reduces the overall weight of the transformer considerably.
Two-stage:
The two-stage power electronic transformer is a special type of power electronic transformer which has primary and secondary winding on the same core. The major advantage of using this product is that it reduces the number of turns required to step up or step down the voltage, thus saving cost and space.
This device can be used in various applications such as solar systems, battery chargers, electric vehicles (EV), wind turbines etc.
Application Insights:
The application segment includes smart grid, traction locomotives, EV charging, and others. The smart grid segment is expected to dominate the global power electronic transformer market over the forecast period owing to its ability to monitor and regulate electricity usage across a large area network. This capability makes it suitable for use in areas with high demand such as cities or regions suffering from frequent power outages. Smart grids also help in reducing energy costs by monitoring usage patterns of consumers and sending alerts if there are unusual spikes in consumption that may indicate equipment failure or need for maintenance.
Traction locomotive is another key application segment where transformers are used as traction motor drivers due to their ability to produce higher voltage than needed for lighting an incandescent lamp bulb (75Vac).
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in infrastructure development. For instance, China has planned a massive investment of USD X trillion in infrastructure projects till 2020 which includes high-speed rail networks, airports, urban transport systems, and power grids among others. Such investments are expected to drive industry expansion over the next eight years.
North America accounted for a significant share of global revenue owing to early adoption of technologies across various applications such as EV charging stations and traction locomotives among others.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in renewable energy sources
- Rising demand from the telecom and IT sector
- Proliferation of smart grids and smart cities projects
- Growing popularity of energy-efficient appliances
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Electronic Transformer Market Research Report
By Type
Single-stage, Two-stage, Three-stage
By Application
Smart Grid, Traction Locomotives, EV Charging, Others
By Companies
ABB, Siemens, GE, 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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Power Electronic Transformer Market Report Segments:
The global Power Electronic Transformer market is segmented on the basis of:
Types
Single-stage, Two-stage, Three-stage
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
Smart Grid, Traction Locomotives, EV Charging, 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:
- ABB
- Siemens
- GE
- ABB
Highlights of The Power Electronic 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:
- Single-stage
- Two-stage
- Three-stage
- By Application:
- Smart Grid
- Traction Locomotives
- EV Charging
- 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 Power Electronic 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?
A power electronic transformer is a device that converts electrical energy into mechanical or magnetic energy.
Some of the major players in the power electronic transformer market are ABB, Siemens, GE, ABB.
The power electronic 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 Power Electronic 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 Power Electronic Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Electronic 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 Power Electronic 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 Power Electronic Transformer Market Size & Forecast, 2018-2028
4.5.1 Power Electronic Transformer Market Size and Y-o-Y Growth
4.5.2 Power Electronic Transformer Market Absolute $ Opportunity
Chapter 5 Global Power Electronic 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 Power Electronic Transformer Market Size Forecast by Type
5.2.1 Single-stage
5.2.2 Two-stage
5.2.3 Three-stage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Electronic 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 Power Electronic Transformer Market Size Forecast by Applications
6.2.1 Smart Grid
6.2.2 Traction Locomotives
6.2.3 EV Charging
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Electronic 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 Power Electronic 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 Power Electronic Transformer Analysis and Forecast
9.1 Introduction
9.2 North America Power Electronic 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 Power Electronic Transformer Market Size Forecast by Type
9.6.1 Single-stage
9.6.2 Two-stage
9.6.3 Three-stage
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 Power Electronic Transformer Market Size Forecast by Applications
9.10.1 Smart Grid
9.10.2 Traction Locomotives
9.10.3 EV Charging
9.10.4 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 Power Electronic Transformer Analysis and Forecast
10.1 Introduction
10.2 Europe Power Electronic 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 Power Electronic Transformer Market Size Forecast by Type
10.6.1 Single-stage
10.6.2 Two-stage
10.6.3 Three-stage
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 Power Electronic Transformer Market Size Forecast by Applications
10.10.1 Smart Grid
10.10.2 Traction Locomotives
10.10.3 EV Charging
10.10.4 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 Power Electronic Transformer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Electronic 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 Power Electronic Transformer Market Size Forecast by Type
11.6.1 Single-stage
11.6.2 Two-stage
11.6.3 Three-stage
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 Power Electronic Transformer Market Size Forecast by Applications
11.10.1 Smart Grid
11.10.2 Traction Locomotives
11.10.3 EV Charging
11.10.4 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 Power Electronic Transformer Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Electronic 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 Power Electronic Transformer Market Size Forecast by Type
12.6.1 Single-stage
12.6.2 Two-stage
12.6.3 Three-stage
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 Power Electronic Transformer Market Size Forecast by Applications
12.10.1 Smart Grid
12.10.2 Traction Locomotives
12.10.3 EV Charging
12.10.4 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) Power Electronic Transformer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Electronic 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) Power Electronic Transformer Market Size Forecast by Type
13.6.1 Single-stage
13.6.2 Two-stage
13.6.3 Three-stage
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) Power Electronic Transformer Market Size Forecast by Applications
13.10.1 Smart Grid
13.10.2 Traction Locomotives
13.10.3 EV Charging
13.10.4 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 Power Electronic Transformer Market: Competitive Dashboard
14.2 Global Power Electronic Transformer 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 ABB
