Market Overview:
The global transformer protection equipment 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 power infrastructure across the globe. Additionally, the growing adoption of smart grids and renewable energy sources is also propelling the growth of this market. The global transformer protection equipment market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into over current protection, over voltage protection, high temperature protection, and others. The over current protection segment is expected to hold a major share in this market owing to its widespread use in various applications such as power industry and electronics industry among others. On the basis of application, it can be classified into power industry, electronics industry,, oil & gas sector,, mining sector,, transportation sector,, construction sector,.and Others segments .The power industry segment is anticipated to account for a majority share in this market due to increasing investments being made by governments across different regions for upgradation or development of new transmission & distribution networks.Geographically,.Latin America,.Europe., Asia Pacific.,and Middle East&Africa .
Product Definition:
Transformer Protection Equipment is a device or system that is used to protect transformers from damage. This equipment can include relays, overcurrent protection devices, and surge arrestors. The purpose of transformer protection equipment is to keep transformers operating safely and efficiently by preventing damage from overloads or surges.
Over Current Protection:
Over current protection, also known as short-circuit protection or overload protection is a safety device used to protect electric equipment from damage due to too much current flow. It works by limiting the amount of current that can pass through the equipment.
The global overcurrent protection devices market was valued at USD 6,100 million in 2015.
Over Voltage Protection:
Over voltage protection is a circuit that prevents damage to electrical components when the input power exceeds the specified output power level. Over voltage protection devices include fuses, circuit breakers, and surge protectors. Overvoltage can lead to insulation failure of internal parts or external injury to personnel.
OVP is used in transformer protection equipment for preventing over current flow in primary side of secondary side (backfeeding) transformers and switch mode power supply (SMPS).
Application Insights:
The power industry segment dominated the global transformer protection equipment market in 2017. The growth can be attributed to the growing demand for electricity from developing countries, such as China, India and Brazil. In addition, factors such as increasing investments by foreign players in power generation projects across Asia Pacific are expected to drive product demand over the forecast period.
Electronics industry segment is anticipated to witness significant growth over the forecast period owing to rising consumer spending on electronic products and services. Transformer core is a primary component of electrical machines used for converting electrical energy into mechanical energy or vice versa. Thus any damage caused to a transformer will affect an entire manufacturing line since all units are connected through transformers at various stages of production lines which includes semiconductors, printed circuit boards (PCB), etcetera.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for transformers in countries, such as China and India. In 2016, Asia Pacific accounted for a share of more than 30% in terms of transformer manufacturing capacity and this trend is projected to continue over the next eight years.
The growing electronics industry across emerging economies including China and India coupled with rising investments from foreign companies are anticipated to drive product demand further. For instance, according to IBEF data, there was an increase of around 40% in foreign direct investment (FDI) flow into Indian electronics sector from 2014 to 2017 which indicates high growth potential for these products over the coming years.
North America region accounted for a revenue share of more than 20% in 2016 owing its large power generation capacity along with steady industrial production across major countries including Canada.
Growth Factors:
- Increasing demand from the transformer manufacturers for protection equipment to ensure the safety of transformers and protect them from damage.
- Rapid growth in the electricity sector, especially in developing countries, is expected to drive demand for transformer protection equipment over the next few years.
- The increasing focus on energy conservation and sustainability is also likely to boost demand for transformer protection equipment in the coming years.
- Growing concerns about grid security and reliability are also expected to spur demand for transformer protection equipment in the near future. 5) Technological advancements that lead to better and more efficient products are likely to provide a boost to the Transformer Protection Equipment market over time
Scope Of The Report
Report Attributes
Report Details
Report Title
Transformer Protection Equipment Market Research Report
By Type
Over Current Protection, Over Voltage Protection, High Temperature Protection, Others
By Application
Power Industry, Electronics Industry, Others
By Companies
ABB, Siemens, GE, Basler Electric Company, SEL, Eaton, Schneider Electric, NR Electric Co., Ltd, Arcteq Relays Ltd
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Transformer Protection Equipment Market Report Segments:
The global Transformer Protection Equipment market is segmented on the basis of:
Types
Over Current Protection, Over Voltage Protection, High Temperature Protection, Others
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, Electronics Industry, 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
- Basler Electric Company
- SEL
- Eaton
- Schneider Electric
- NR Electric Co., Ltd
- Arcteq Relays Ltd
Highlights of The Transformer Protection Equipment 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:
- Over Current Protection
- Over Voltage Protection
- High Temperature Protection
- Others
- By Application:
- Power Industry
- Electronics Industry
- 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 Transformer Protection Equipment 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?
Transformers are devices that convert electrical energy into other forms of energy, such as mechanical motion. Transformers can be damaged by high-voltage currents and sparks if they are not properly protected. Transformers typically include a metal casing and a magnetic field that helps to protect the device from damage.
Some of the major companies in the transformer protection equipment market are ABB, Siemens, GE, Basler Electric Company, SEL, Eaton, Schneider Electric, NR Electric Co., Ltd, Arcteq Relays Ltd.
The transformer protection equipment 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 Transformer Protection Equipment 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 Transformer Protection Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transformer Protection Equipment 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 Transformer Protection Equipment 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 Transformer Protection Equipment Market Size & Forecast, 2018-2028
4.5.1 Transformer Protection Equipment Market Size and Y-o-Y Growth
4.5.2 Transformer Protection Equipment Market Absolute $ Opportunity
Chapter 5 Global Transformer Protection Equipment 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 Transformer Protection Equipment Market Size Forecast by Type
5.2.1 Over Current Protection
5.2.2 Over Voltage Protection
5.2.3 High Temperature Protection
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Transformer Protection Equipment 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 Transformer Protection Equipment Market Size Forecast by Applications
6.2.1 Power Industry
6.2.2 Electronics Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transformer Protection Equipment 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 Transformer Protection Equipment 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 Transformer Protection Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Transformer Protection Equipment 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 Transformer Protection Equipment Market Size Forecast by Type
9.6.1 Over Current Protection
9.6.2 Over Voltage Protection
9.6.3 High Temperature Protection
9.6.4 Others
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 Transformer Protection Equipment Market Size Forecast by Applications
9.10.1 Power Industry
9.10.2 Electronics Industry
9.10.3 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 Transformer Protection Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Transformer Protection Equipment 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 Transformer Protection Equipment Market Size Forecast by Type
10.6.1 Over Current Protection
10.6.2 Over Voltage Protection
10.6.3 High Temperature Protection
10.6.4 Others
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 Transformer Protection Equipment Market Size Forecast by Applications
10.10.1 Power Industry
10.10.2 Electronics Industry
10.10.3 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 Transformer Protection Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Transformer Protection Equipment 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 Transformer Protection Equipment Market Size Forecast by Type
11.6.1 Over Current Protection
11.6.2 Over Voltage Protection
11.6.3 High Temperature Protection
11.6.4 Others
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 Transformer Protection Equipment Market Size Forecast by Applications
11.10.1 Power Industry
11.10.2 Electronics Industry
11.10.3 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 Transformer Protection Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Transformer Protection Equipment 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 Transformer Protection Equipment Market Size Forecast by Type
12.6.1 Over Current Protection
12.6.2 Over Voltage Protection
12.6.3 High Temperature Protection
12.6.4 Others
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 Transformer Protection Equipment Market Size Forecast by Applications
12.10.1 Power Industry
12.10.2 Electronics Industry
12.10.3 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) Transformer Protection Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Transformer Protection Equipment 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) Transformer Protection Equipment Market Size Forecast by Type
13.6.1 Over Current Protection
13.6.2 Over Voltage Protection
13.6.3 High Temperature Protection
13.6.4 Others
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) Transformer Protection Equipment Market Size Forecast by Applications
13.10.1 Power Industry
13.10.2 Electronics Industry
13.10.3 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 Transformer Protection Equipment Market: Competitive Dashboard
14.2 Global Transformer Protection Equipment 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 Basler Electric Company
14.3.5 SEL
14.3.6 Eaton
14.3.7 Schneider Electric
14.3.8 NR Electric Co., Ltd
14.3.9 Arcteq Relays Ltd
