Market Overview:
The global three winding 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 three winding transformers from the power industry and transportation industry. Additionally, the growing demand for three winding transformers in other applications is also contributing to the growth of this market. However, fluctuations in raw material prices may hamper the growth of this market during the forecast period.
Product Definition:
A three winding transformer is a transformer with three sets of windings, each set connected to a different terminal. The primary, secondary, and tertiary windings can be used to create stepped voltage or current ratios, or to isolate the load from the supply.
Single Phase Transformer:
Single-phase transformer is a device that converts single-phase electric current into Alternating Current (AC) and back to normal phase again. It can be defined as an electrical transformer which has only one primary winding and no secondary windings. Single Phase Transformer market size spans across different verticals such as automotive, telecom & IT, industrial manufacturing, oil & gas pipeline infrastructure power generation etc.
Three Phase Transformer:
A three-phase transformer is a type of electric transformer that uses three conductors to transmit an electrical current. It has high power density, low core loss and short circuit duration, low self-inductance, and high cut-out ratio. The primary winding of the transformer is connected to the source of electricity while the other end consists of a load or utilization which can be any device such as lamps or motors.
Application Insights:
The power industry segment dominated the global three winding transformer market in 2017. The segment is expected to witness significant growth over the forecast period owing to growing demand for electricity from industrial and residential sectors. Rapid urbanization coupled with rising living standards has led to an increase in demand for electricity across various developing countries including China, India, Brazil, South Korea and Mexico. This factor is projected to drive the product demand over the forecast period.
Transportation application was one of the prominent segments accounted for by a significant share of revenue in 2017 owing to increasing use of transformers across train systems such as metro-rail and light rail as well as road transportation systems such as highways.
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the industry on account of increasing offshore wind farms and rising investments in grid modernization. Furthermore, Germany has set a world record by producing more than 45 billion kWh electricity from wind power alone during one year, which is equivalent to the energy consumed by over 7 million households annually. This remarkable achievement has significantly boosted product demand across Europe.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to growing industrialization and expanding population across emerging economies such as China and India.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and electrification in rural areas
- Growing investments in renewable energy sources such as wind and solar power
- Proliferation of smart grids and the Internet of Things (IoT) that enable real-time monitoring and control of transformer performance
- Stringent regulations on energy efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Three Winding Transformer Market Research Report
By Type
Single Phase Transformer, Three Phase Transformer
By Application
Power Industry, Transportation Industry, Other
By Companies
Schneider, Mitsubishi, Toshiba, XD Group, TBEA, Siemens, ABB, GE, Hitachi, Alstom, Schneider, BHEL, Shanghai Electric, SPX Transformer Solutions
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Three Winding Transformer Market Report Segments:
The global Three Winding Transformer market is segmented on the basis of:
Types
Single Phase Transformer, Three Phase Transformer
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
Power Industry, Transportation 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:
- Schneider
- Mitsubishi
- Toshiba
- XD Group
- TBEA
- Siemens
- ABB
- GE
- Hitachi
- Alstom
- Schneider
- BHEL
- Shanghai Electric
- SPX Transformer Solutions
Highlights of The Three Winding 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 Phase Transformer
- Three Phase Transformer
- By Application:
- Power Industry
- Transportation 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 Winding 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 Three Winding Transformer is a transformer that has three windings.
Some of the key players operating in the three winding transformer market are Schneider, Mitsubishi, Toshiba, XD Group, TBEA, Siemens, ABB, GE, Hitachi, Alstom, Schneider, BHEL, Shanghai Electric, SPX Transformer Solutions.
The three winding 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 Three Winding 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 Winding Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Three Winding 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 Winding 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 Winding Transformer Market Size & Forecast, 2020-2028
4.5.1 Three Winding Transformer Market Size and Y-o-Y Growth
4.5.2 Three Winding 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 Single Phase Transformer
5.2.2 Three Phase Transformer
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 Power Industry
6.2.2 Transportation Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Three Winding 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 Winding 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 Single Phase Transformer
9.6.2 Three Phase Transformer
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 Power Industry
9.10.2 Transportation 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 Single Phase Transformer
10.6.2 Three Phase Transformer
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 Power Industry
10.10.2 Transportation 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 Single Phase Transformer
11.6.2 Three Phase Transformer
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 Power Industry
11.10.2 Transportation 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 Single Phase Transformer
12.6.2 Three Phase Transformer
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 Power Industry
12.10.2 Transportation 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 Single Phase Transformer
13.6.2 Three Phase Transformer
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 Power Industry
13.10.2 Transportation 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 Winding Transformer Market: Competitive Dashboard
14.2 Global Three Winding Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider
14.3.2 Mitsubishi
14.3.3 Toshiba
14.3.4 XD Group
14.3.5 TBEA
14.3.6 Siemens
14.3.7 ABB
14.3.8 GE
14.3.9 Hitachi
14.3.10 Alstom
14.3.11 Schneider
14.3.12 BHEL
14.3.13 Shanghai Electric
14.3.14 SPX Transformer Solutions
