Market Overview:
The global power transformers market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for alternative power generation and smart grid applications, and the growing traction for electric vehicles (EVs). The global power transformers market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into single-stage transformers, two-stage transformers, three-stage transformers. On the basis of application, it is classified into alternative power generation (wind turbines and solar photovoltaic systems), smart grid applications (transmission & distribution management systems and substation automation), traction locomotives (electric multiple units [EMUs] and diesel locomotives), EV charging stations.
Product Definition:
A power transformer is a transformer that is used to transfer electrical power from one circuit to another, usually at different voltage levels. The importance of power transformers lies in their ability to convert AC voltages and currents from one level to another while maintaining the same frequency.
Single-Stage:
Single-stage transformers are used in power transformer applications where primary voltage is greater than or equal to 230VAC and secondary voltage is less than or equal to 860VAC. Single-stage transformers have only one winding which helps in reducing the number of windings, core material, turns ratio and overall height. The shorter the height of a single-stage transformer, the fewer chances there are of it getting overweight and overheating.
Two-Stage:
Two-stage transformers are used in power transformer applications where primary and secondary windings have different voltage levels. The two-stage transformer has a ratio of turns ratio between primary and secondary winding that is 3:1, 4:1, 5:1 or 6:1.
The Two-Stage Transformer (TST) helps to improve the efficiency of power transformers by reducing the number of turns in transmission lines leading to an overall reduction in energy losses during transformation.
Application Insights:
The application segment is segregated into alternative power generation, smart grid, traction locomotives and electric vehicles charging. The alternative power generation segment dominated the global market in 2017 and this trend is anticipated to continue over the forecast period. This growth can be attributed to growing demand for electricity generated from fossil fuels such as coal and gas among others in countries such as China, India and Japan.
The smart grid application segment is also expected to witness significant growth over the forecast period owing to increasing penetration of transformers with high efficiency ratings that are designed specifically for use with low-voltage AC grids used primarily in urban areas. These products are also being increasingly deployed at railway stations, airports lounges and hotels across various regions due to increased consumer spending on luxury amenities which has resulted in a rise in overall product demand globally over recent years.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for alternative power generation and traction electric locomotives. The growing industrialization in emerging countries, such as China, India, and Japan is also anticipated to drive the APAC region’s growth. Furthermore, rising investments in renewable energy infrastructure are projected to fuel industry expansion over the coming years.
The European market was valued at USD X billion in 2017 and is estimated to grow at a CAGR of XX% from 2018 to 2030 owing high consumption of transformers for EV charging applications across several countries including Germany, France Italy among others. Moreover Europe has been one of the early adopters of EVs with more than 25 million households having an EV charging station installed by 2020 according Eurelectricity data sheet 2016/2017 (accessed on 27th April 2018).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and electrification in rural areas
- Expansion of renewable energy sources such as solar and wind power
- Replacement of aging infrastructure
- Development of smart grids
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Transformers Market Research Report
By Type
Single-Stage, Two-Stage, Three-Stage
By Application
Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging
By Companies
ABB, Siemens, General 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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Power Transformers Market Report Segments:
The global Power Transformers market is segmented on the basis of:
Types
Single-Stage, Two-Stage, Three-Stage
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
Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging
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
- General Electric
- ...
Highlights of The Power 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:
- Single-Stage
- Two-Stage
- Three-Stage
- By Application:
- Alternative Power Generation
- Smart Grid
- Traction Locomotives
- EV Charging
- 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 Power 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.
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 power transformer is a device that converts electrical energy into other forms of energy, such as mechanical or thermal.
Some of the major players in the power transformers market are ABB, Siemens, General Electric.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power 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. Power Transformers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Transformers Market - Supply Chain
4.5. Global Power Transformers Market Forecast
4.5.1. Power Transformers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Transformers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Transformers Market Absolute $ Opportunity
5. Global Power 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. Power Transformers Market Size and Volume Forecast by Type
5.3.1. Single-Stage
5.3.2. Two-Stage
5.3.3. Three-Stage
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Power 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. Power Transformers Market Size and Volume Forecast by Application
6.3.1. Alternative Power Generation
6.3.2. Smart Grid
6.3.3. Traction Locomotives
6.3.4. EV Charging
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power 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. Power 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 Power 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. Power 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 Power Transformers Demand Share Forecast, 2019-2029
9. North America Power 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 Power 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 Power Transformers Market Size and Volume Forecast by Application
9.4.1. Alternative Power Generation
9.4.2. Smart Grid
9.4.3. Traction Locomotives
9.4.4. EV Charging
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Transformers Market Size and Volume Forecast by Type
9.7.1. Single-Stage
9.7.2. Two-Stage
9.7.3. Three-Stage
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 Power Transformers Demand Share Forecast, 2019-2029
10. Latin America Power 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 Power 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 Power Transformers Market Size and Volume Forecast by Application
10.4.1. Alternative Power Generation
10.4.2. Smart Grid
10.4.3. Traction Locomotives
10.4.4. EV Charging
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Transformers Market Size and Volume Forecast by Type
10.7.1. Single-Stage
10.7.2. Two-Stage
10.7.3. Three-Stage
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 Power Transformers Demand Share Forecast, 2019-2029
11. Europe Power 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 Power 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 Power Transformers Market Size and Volume Forecast by Application
11.4.1. Alternative Power Generation
11.4.2. Smart Grid
11.4.3. Traction Locomotives
11.4.4. EV Charging
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Transformers Market Size and Volume Forecast by Type
11.7.1. Single-Stage
11.7.2. Two-Stage
11.7.3. Three-Stage
11.8. Basis Point Share (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 Power Transformers Demand Share, 2019-2029
12. Asia Pacific Power 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 Power 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 Power Transformers Market Size and Volume Forecast by Application
12.4.1. Alternative Power Generation
12.4.2. Smart Grid
12.4.3. Traction Locomotives
12.4.4. EV Charging
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Transformers Market Size and Volume Forecast by Type
12.7.1. Single-Stage
12.7.2. Two-Stage
12.7.3. Three-Stage
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 Power Transformers Demand Share, 2019-2029
13. Middle East & Africa Power 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 Power 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 Power Transformers Market Size and Volume Forecast by Application
13.4.1. Alternative Power Generation
13.4.2. Smart Grid
13.4.3. Traction Locomotives
13.4.4. EV Charging
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Transformers Market Size and Volume Forecast by Type
13.7.1. Single-Stage
13.7.2. Two-Stage
13.7.3. Three-Stage
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 Power Transformers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Power Transformers Market: Market Share Analysis
14.2. Power Transformers Distributors and Customers
14.3. Power 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. General Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ...
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
