Market Overview:
The global split transformer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for split transformers from various end-use industries, such as the automobile industry, shipping industry, and equipment manufacturing industry. In addition, the growing demand for energy-efficient products is also contributing to the growth of this market. Based on type, the global split transformer market can be segmented into high frequency split transformers, intermediate frequency split transformers, and low frequency split transformers.
Product Definition:
A split transformer is a transformer comprising two or more isolated windings, each on its own bobbin, frame, or core. The windings are electrically insulated from each other and may be connected in series, parallel, or series-parallel. A split-phase transformer has one winding for the line (120 V) and another for the neutral (0 V). A three-phase transformer has three isolated windings.
High Frequency:
High frequency is defined as an electric current that flows on the order of 1 amp or less. The high frequency current does not possess the ability to cause heating effect like low and medium frequencies. High-frequency currents are used in electronic devices for various functions, one of which is to operate relays and other switching devices.
The growth factor in split transformer market can be attributed to growing demand from renewable energy sources such as wind turbine installations, solar panels, etc.
Intermediate Frequency:
Intermediate frequency is the middle of the three main frequencies of a transformer. It is also known as third power of primary frequency. It has a low range than high and low than medium range transformers. The I-Frequency is used in split Transformer for power supply applications like distribution boards, sub-transmission system, etc., where it can be connected to any number of loads with different voltage levels without changing the output voltage level from source side (generator or utility pole).
Application Insights:
The equipment manufacturing industry accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing demand for transformers from various industries, including automobile, construction, mining and oil & gas. Automobile manufacturers require a large number of electric motors that operate at different speeds; these motors require high-frequency Transformers due to their small size. As a result, automotive segment is expected to grow consistently during the forecast period.
The other application segment includes data centers and renewable energy generation facilities; this segment is projected to witness significant growth over the next eight years owing to rising investments in developing countries such as India, Indonesia Malaysia Philippines Singapore South Africa Thailand Vietnam Brazil etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising disposable income, and changing lifestyle of individuals. Countries such as China, India, Japan are some of the largest consumers of power transformers in this region owing to their rapidly growing economies and expanding industries including automotive industry.
The Middle East & Africa is anticipated to witness significant growth over the next eight years owing to rapid development taking place across several countries including Saudi Arabia, UAE (United Arab Emirates), Egypt etc., which will lead into an increase in investments for infrastructure development along with a rise in demand for consumer electronics products such as mobile phones and laptops among others.
Growth Factors:
- Increasing demand from the electrical and electronics industry for miniaturization of products
- Rising demand for energy-efficient and reliable power supplies
- Growing popularity of split transformers in renewable energy systems
- Proliferation of smart grids and the Internet of Things (IoT)
- Technological advancements that improve performance, efficiency, and reliability
Scope Of The Report
Report Attributes
Report Details
Report Title
Split Transformer Market Research Report
By Type
High Frequency, Intermediate Frequency, Low Frequency
By Application
Automobile Industry, Shipping Industry, Equipment Manufacturing Industry, Other
By Companies
Yaskawa Electric, Hitachi, Hiconics, GE, Yaskawa Electric
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Split Transformer Market Report Segments:
The global Split Transformer market is segmented on the basis of:
Types
High Frequency, Intermediate Frequency, Low Frequency
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
Automobile Industry, Shipping Industry, Equipment Manufacturing Industry, Other
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:
- Yaskawa Electric
- Hitachi
- Hiconics
- GE
- Yaskawa Electric
Highlights of The Split 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:
- High Frequency
- Intermediate Frequency
- Low Frequency
- By Application:
- Automobile Industry
- Shipping Industry
- Equipment Manufacturing Industry
- Other
- 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 Split 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 split transformer is a type of electrical transformer that splits an AC voltage into two or more lower-voltage DC voltages.
Some of the major companies in the split transformer market are Yaskawa Electric, Hitachi, Hiconics, GE, Yaskawa Electric.
The split 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 Split 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 Split Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Split 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 Split 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 Split Transformer Market Size & Forecast, 2020-2028
4.5.1 Split Transformer Market Size and Y-o-Y Growth
4.5.2 Split Transformer 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 High Frequency
5.2.2 Intermediate Frequency
5.2.3 Low Frequency
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 Automobile Industry
6.2.2 Shipping Industry
6.2.3 Equipment Manufacturing Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Split 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 Split 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 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 High Frequency
9.6.2 Intermediate Frequency
9.6.3 Low Frequency
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 Automobile Industry
9.10.2 Shipping Industry
9.10.3 Equipment Manufacturing Industry
9.10.4 Other
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 High Frequency
10.6.2 Intermediate Frequency
10.6.3 Low Frequency
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 Automobile Industry
10.10.2 Shipping Industry
10.10.3 Equipment Manufacturing Industry
10.10.4 Other
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 High Frequency
11.6.2 Intermediate Frequency
11.6.3 Low Frequency
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 Automobile Industry
11.10.2 Shipping Industry
11.10.3 Equipment Manufacturing Industry
11.10.4 Other
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 High Frequency
12.6.2 Intermediate Frequency
12.6.3 Low Frequency
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 Automobile Industry
12.10.2 Shipping Industry
12.10.3 Equipment Manufacturing Industry
12.10.4 Other
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 High Frequency
13.6.2 Intermediate Frequency
13.6.3 Low Frequency
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 Automobile Industry
13.10.2 Shipping Industry
13.10.3 Equipment Manufacturing Industry
13.10.4 Other
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 Split Transformer Market: Competitive Dashboard
14.2 Global Split Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yaskawa Electric
14.3.2 Hitachi
14.3.3 Hiconics
14.3.4 GE
14.3.5 Yaskawa Electric
