Market Overview:
The global three phase 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 electricity and rising investments in railway infrastructure. In terms of type, the below 1000VA segment is expected to dominate the market during the forecast period, owing to its low cost and easy installation. However, above 1000VA segment is projected to grow at a higher CAGR due to its high efficiency and ability to handle large loads. By application, railway industry is expected to hold a major share of the global three phase transformer market during the forecast period as governments are investing heavily in rail infrastructure development projects across different regions.
Product Definition:
A three-phase transformer is a device that transfers electrical power from one circuit to another by using two or more coils wound around a common core. It can be used to change the voltage of an alternating current (AC) supply, or to provide electrical isolation between circuits. Three-phase transformers are important components of large power distribution networks, and are also used in industrial applications such as manufacturing and refining.
Below 1000VA:
Below 1000VA, it's usage.
The global below 1000VA, it's usage and growth factor in the three phase transformer market size was valued at USD 2.5 billion in 2015. The increasing demand for low voltage transformers from various sectors such as commercial, residential & industrial is expected to drive industry growth over the forecast period.
Above 1000VA:
The term above 1000VA is used for power transformers that can deliver more than the standard 120V at a reduced current. The transformer's ability to deliver high voltage reduces the current requirement, which in turn reduces the weight and size of secondary winding.
The market for above 1000VA power transformers is expected to witness growth over the forecast period owing to increasing demand across end-use industries such as oil & gas, chemical processing, and manufacturing among others.
Application Insights:
The railway industry segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the increasing demand for high power transformers to supply electricity to locomotives from overhead lines. In addition, a large number of distribution and traction motors are used in railways that require a large amount of power, which is also driving the segment growth.
The electricity industry segment is expected to register significant gains owing to rising investments by governments in various sectors including energy generation and transmission as part of efforts toward achieving sustainable development goals such as eradicating poverty, promoting employment generation and improving living conditions among others. This has ledto an increase in demand for 3 phase transformers with higher capacity across several projects including but not limited TOVA¢â‚¬â„¢s (Transmission Overhead Voltage Arrangement) on account of increased voltage requirement per unit length along with other associated equipment such as switchgear & protection gear etc.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electricity in developing countries, such as China and India. In addition, growing industrialization and rapid urbanization are expected to drive the APAC three phase transformer market over the forecast period.
The Europe three phase transformer market accounted for a share of more than 20% in 2017 owing to high demand from industries, such as oil & gas and water treatment plants. Moreover, rising investments by governments in order to improve infrastructure are likely to boost product demand across this region during the forecast period.
North America is projectededto grow at a moderate pace due its mature industry trends towards replacement or upgrading existing transformers with advanced products that consume less energy while delivering higher power handling capacity across various applications including railway industry and municipal utilities Industry players operating within North America include ABB; Cooper Energy Group; General Electric; Siemens AG; Westinghouse Electric Co.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Rising need for reliable and efficient power transmission and distribution infrastructure
- Technological advancements in transformer manufacturing process
- Growing awareness about energy conservation measures
Scope Of The Report
Report Attributes
Report Details
Report Title
Three Phase Transformer Market Research Report
By Type
Below 1000VA, Above 1000VA
By Application
Railway Industry, Electricity Industry, Other
By Companies
SIEMENS, Alstom, Toshiba, TBEA, Tianwei, XD, ABB, 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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Three Phase Transformer Market Report Segments:
The global Three Phase Transformer market is segmented on the basis of:
Types
Below 1000VA, Above 1000VA
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
Railway Industry, Electricity 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:
- SIEMENS
- Alstom
- Toshiba
- TBEA
- Tianwei
- XD
- ABB
- SIEMENS
Highlights of The Three Phase 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 1000VA
- Above 1000VA
- By Application:
- Railway Industry
- Electricity 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 Three Phase 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.
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- Correctly Positioning New Products
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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?
A three phase transformer is a device that converts alternating current (AC) into direct current (DC).
Some of the major companies in the three phase transformer market are SIEMENS, Alstom, Toshiba, TBEA, Tianwei, XD, ABB, SIEMENS.
The three phase 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 Three Phase 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 Three Phase Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Three Phase 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 Three Phase 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 Three Phase Transformer Market Size & Forecast, 2020-2028
4.5.1 Three Phase Transformer Market Size and Y-o-Y Growth
4.5.2 Three Phase 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 Below 1000VA
5.2.2 Above 1000VA
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 Railway Industry
6.2.2 Electricity Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Three Phase 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 Three Phase 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 Below 1000VA
9.6.2 Above 1000VA
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 Railway Industry
9.10.2 Electricity Industry
9.10.3 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 Below 1000VA
10.6.2 Above 1000VA
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 Railway Industry
10.10.2 Electricity Industry
10.10.3 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 Below 1000VA
11.6.2 Above 1000VA
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 Railway Industry
11.10.2 Electricity Industry
11.10.3 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 Below 1000VA
12.6.2 Above 1000VA
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 Railway Industry
12.10.2 Electricity Industry
12.10.3 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 Below 1000VA
13.6.2 Above 1000VA
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 Railway Industry
13.10.2 Electricity Industry
13.10.3 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 Three Phase Transformer Market: Competitive Dashboard
14.2 Global Three Phase Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SIEMENS
14.3.2 Alstom
14.3.3 Toshiba
14.3.4 TBEA
14.3.5 Tianwei
14.3.6 XD
14.3.7 ABB
14.3.8 SIEMENS
