Market Overview:
The global liquid-immersed transformers 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. In addition, growing awareness about energy efficiency is also propelling the demand for liquid-immersed transformers. Based on type, the global liquid-immersed transformer market can be segmented into power transformers and distribution transformers. Power Transformers are used for voltage transformation between high voltage (HV) and low voltage (LV) circuits, while Distribution Transformers are used to provide stepped down voltages from HV transmission lines or substations to local businesses or residences. Among these, power transformer segment is expected to account for a larger share of the global liquid-immersed transformer market during the forecast period owing to its widespread use in various applications such as commercial, residential and industrial sectors. Based on application, commercial power sector is anticipated hold a dominant position in terms of revenue contribution throughout the forecast period followed by residential and industrial sectors respectively. This can be attributed primarily due high consumption of electricity by large establishments such as hospitals, hotels etc., coupled with rising investments towards upgradation & modernization of existing infrastructure facilities across developed economies including North America & Europe region .
Product Definition:
Liquid-immersed transformers are a type of transformer that uses a liquid dielectric instead of an air gap. This allows for higher voltages and currents to be transmitted, making them ideal for high-power applications. Liquid-immersed transformers also have a longer life span than air-cooled transformers, and are less likely to suffer from short circuits or overheating.
Power Transformers:
Power transformers are used to step up or step down the voltage levels of AC input voltages. They are also used in various applications such as power supplies, battery chargers, UPS (uninterruptible power supply), and inverters.
The global market for Power Transformers is expected to witness significant growth over the forecast period owing to its increasing usage in renewable energy sources such as solar PV systems and wind turbines.
Distribution Transformers:
The distribution transformer is a device that helps in increasing the voltage and decreasing the current of electrical energy from high to low. It does this by changing the shape of primary winding. The secondary side of distribution transformer has multiple turns, which are connected in series with a common core. This makes it possible to increase voltage and decrease current at same time through this circuit; thus making it useful for power supply applications across wide range of voltages and currents.
Application Insights:
The industrial power segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Increasing demand for electrical energy, particularly in developing countries such as India, China and Brazil is expected to drive industry growth over the coming years.
Increasing investments by governments in infrastructure development are likely to boost liquid-immersed transformer (LIT) installations across various sectors including residential, commercial and industrial applications. LITs are used extensively across several sectors including oil & gas; healthcare; telecom & IT; transportation & logistics; utilities etc., which forms an essential part of any country¢â‚¬â„¢s power grid system owing to its ability to transform high voltage into low voltage suitable for distribution purposes.
Regional Analysis:
Asia Pacific liquid-immersed transformers market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies, such as China and India. The growing manufacturing sector and rapid urbanization are also driving the regional market growth. Furthermore, rising government initiatives towards electrification in rural areas are anticipated to fuel industry expansion over the forecast period.
Europe was estimated as a volume leader in 2017 with more than 30% share of global revenue due to its well-established power transformer manufacturing base along with high R&D investments by major companies for developing advanced products within this vertical. North America is projected to witness significant growth during the forecast period on account of increased focus on renewable energy resources within U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and the consequent need for reliable, high-quality power supply in cities
- Proliferation of smart grids and the growing popularity of renewable energy sources such as solar and wind power
- Stringent regulations aimed at improving energy efficiency and reducing greenhouse gas emissions
- Technological advances that result in more efficient, compact liquid-immersed transformers
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid-Immersed Transformers Market Research Report
By Type
Power Transformers, Distribution Transformers
By Application
Commercial Power, Residential Power, Industrial Power
By Companies
ABB, Siemens, Tata Power, Crompton Greaves, Schneider Electric, VanTran Industries, MGM Transformer Company, SEBAB, Imefy Group, CG, GE, Altrafo Transformers, CELME, CNC Group, Toshiba, Mitsubishi Electric, Hyundai Heavy Industries, Hitachi Industrial Equipment Systems, METTZ Group, EREMU, Elsewedy Electric, ELTAS Transformator Sanayi ve Ticaret, Fuji Electric, Hyosung Power & Industrial Systems Performance Group, Tebian Electric Apparatus Stock, China XD Group, Dandong Xintai Electric, Ormazabal, Ruhstrat, SPX Transformer Solutions, IMEFY, ISMET, J. Schneider Elektrotechnik, KITASHIBA ELECTRIC, Layer Electronics, LSIS, Lemi Trafo JSC, Mace
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Liquid-Immersed Transformers Market Report Segments:
The global Liquid-Immersed Transformers market is segmented on the basis of:
Types
Power Transformers, Distribution Transformers
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
Commercial Power, Residential Power, Industrial Power
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
- Tata Power
- Crompton Greaves
- Schneider Electric
- VanTran Industries
- MGM Transformer Company
- SEBAB
- Imefy Group
- CG
- GE
- Altrafo Transformers
- CELME
- CNC Group
- Toshiba
- Mitsubishi Electric
- Hyundai Heavy Industries
- Hitachi Industrial Equipment Systems
- METTZ Group
- EREMU
- Elsewedy Electric
- ELTAS Transformator Sanayi ve Ticaret
- Fuji Electric
- Hyosung Power & Industrial Systems Performance Group
- Tebian Electric Apparatus Stock
- China XD Group
- Dandong Xintai Electric
- Ormazabal
- Ruhstrat
- SPX Transformer Solutions
- IMEFY
- ISMET
- J. Schneider Elektrotechnik
- KITASHIBA ELECTRIC
- Layer Electronics
- LSIS
- Lemi Trafo JSC
- Mace
Highlights of The Liquid-Immersed Transformers 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:
- Power Transformers
- Distribution Transformers
- By Application:
- Commercial Power
- Residential Power
- Industrial Power
- 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 Liquid-Immersed Transformers 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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- Consumer Insights
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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?
Liquid-immersed Transformers are a type of transformer that uses a liquid crystal polymer (LCP) as its primary material. This type of transformer is often used in electronic devices because it has the ability to switch between different colors and patterns, making them very versatile.
Some of the key players operating in the liquid-immersed transformers market are ABB, Siemens, Tata Power, Crompton Greaves, Schneider Electric, VanTran Industries, MGM Transformer Company, SEBAB, Imefy Group, CG, GE, Altrafo Transformers, CELME, CNC Group, Toshiba, Mitsubishi Electric, Hyundai Heavy Industries, Hitachi Industrial Equipment Systems, METTZ Group, EREMU, Elsewedy Electric, ELTAS Transformator Sanayi ve Ticaret, Fuji Electric, Hyosung Power & Industrial Systems Performance Group, Tebian Electric Apparatus Stock, China XD Group, Dandong Xintai Electric, Ormazabal, Ruhstrat, SPX Transformer Solutions, IMEFY, ISMET, J. Schneider Elektrotechnik, KITASHIBA ELECTRIC, Layer Electronics, LSIS, Lemi Trafo JSC, Mace.
The liquid-immersed transformers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquid-Immersed Transformers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Liquid-Immersed Transformers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Liquid-Immersed Transformers Market - Supply Chain
4.5. Global Liquid-Immersed Transformers Market Forecast
4.5.1. Liquid-Immersed Transformers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Liquid-Immersed Transformers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Liquid-Immersed Transformers Market Absolute $ Opportunity
5. Global Liquid-Immersed Transformers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Liquid-Immersed Transformers Market Size and Volume Forecast by Type
5.3.1. Power Transformers
5.3.2. Distribution Transformers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Liquid-Immersed Transformers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Liquid-Immersed Transformers Market Size and Volume Forecast by Application
6.3.1. Commercial Power
6.3.2. Residential Power
6.3.3. Industrial Power
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Liquid-Immersed Transformers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Liquid-Immersed Transformers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Liquid-Immersed Transformers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Liquid-Immersed Transformers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Liquid-Immersed Transformers Demand Share Forecast, 2019-2026
9. North America Liquid-Immersed Transformers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Liquid-Immersed Transformers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Liquid-Immersed Transformers Market Size and Volume Forecast by Application
9.4.1. Commercial Power
9.4.2. Residential Power
9.4.3. Industrial Power
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Liquid-Immersed Transformers Market Size and Volume Forecast by Type
9.7.1. Power Transformers
9.7.2. Distribution Transformers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Liquid-Immersed Transformers Demand Share Forecast, 2019-2026
10. Latin America Liquid-Immersed Transformers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Liquid-Immersed Transformers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Liquid-Immersed Transformers Market Size and Volume Forecast by Application
10.4.1. Commercial Power
10.4.2. Residential Power
10.4.3. Industrial Power
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Liquid-Immersed Transformers Market Size and Volume Forecast by Type
10.7.1. Power Transformers
10.7.2. Distribution Transformers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Liquid-Immersed Transformers Demand Share Forecast, 2019-2026
11. Europe Liquid-Immersed Transformers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Liquid-Immersed Transformers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Liquid-Immersed Transformers Market Size and Volume Forecast by Application
11.4.1. Commercial Power
11.4.2. Residential Power
11.4.3. Industrial Power
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Liquid-Immersed Transformers Market Size and Volume Forecast by Type
11.7.1. Power Transformers
11.7.2. Distribution Transformers
11.8. Basis Point Shar (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Liquid-Immersed Transformers Demand Share, 2019-2026
12. Asia Pacific Liquid-Immersed Transformers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Liquid-Immersed Transformers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Liquid-Immersed Transformers Market Size and Volume Forecast by Application
12.4.1. Commercial Power
12.4.2. Residential Power
12.4.3. Industrial Power
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Liquid-Immersed Transformers Market Size and Volume Forecast by Type
12.7.1. Power Transformers
12.7.2. Distribution Transformers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Liquid-Immersed Transformers Demand Share, 2019-2026
13. Middle East & Africa Liquid-Immersed Transformers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Liquid-Immersed Transformers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Liquid-Immersed Transformers Market Size and Volume Forecast by Application
13.4.1. Commercial Power
13.4.2. Residential Power
13.4.3. Industrial Power
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Liquid-Immersed Transformers Market Size and Volume Forecast by Type
13.7.1. Power Transformers
13.7.2. Distribution Transformers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Liquid-Immersed Transformers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Liquid-Immersed Transformers Market: Market Share Analysis
14.2. Liquid-Immersed Transformers Distributors and Customers
14.3. Liquid-Immersed Transformers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tata Power
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Crompton Greaves
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. VanTran Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MGM Transformer Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SEBAB
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Imefy Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. GE
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Altrafo Transformers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CELME
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. CNC Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Toshiba
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mitsubishi Electric
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hyundai Heavy Industries
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hitachi Industrial Equipment Systems
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. METTZ Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. EREMU
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook