Market Overview:
The global step-down power 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 renewable energy sources. In addition, the growing adoption of smart grids and electric vehicles is also contributing to the growth of this market. Based on type, the global step-down power transformer market can be segmented into solid iron/steel core materials, silicon steel core materials, and amorphous steel core materials. Silicon steel core materials are expected to witness highest growth during the forecast period owing to their high efficiency and low losses. Based on application, the global step-down power transformer market can be segmented into industrial, commercial, and residential applications.
Product Definition:
A step-down transformer is a type of transformer that reduces the voltage of an alternating current (AC) input. Step-down transformers are used to decrease the voltage from high voltages to lower voltages, which makes them a common choice for powering electrical devices in homes and businesses.
Solid Iron/Steel Core Materials:
The global solid iron/steel core materials market size was valued at USD 1.8 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand in step-down power transformers. The growing requirement for electricity, along with rapid urbanization and industrialization, has led to an increase in the usage of these products across various end-use industries such as construction equipment, automotive & transportation, energy & power generation sectors.
Silicon Steel Core Materials:
Silicon steel core materials are used in step-down power transformer to provide short circuit and long-lasting life. In these types of transformers, primary winding is done with high voltage which further reduces in size as it passes through several secondary windings having lower voltage.
The silicon steel core materials have low iron content and can withstand high temperatures, thus making them suitable for this application.
Application Insights:
The industrial application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The growing demand for step-down transformers as a secondary power source in large scale industrial applications, such as chemical, paper and pulp, mining, steel manufacturing plants is expected to drive the product demand over the coming years.
The commercial application segment was valued at USD 281.5 million in 2017 and is anticipated to witness steady growth on account of increasing use of step-down transformers for providing stable primary power supply across multiplex cinema houses & Multiplex auditoriums along with shopping malls & retail stores across various regions including Asia Pacific and Middle East & Africa countries.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing industrialization, rising commercial construction activities, and rapid development of smart cities initiative by various governments across countries such as China, Indonesia, Malaysia, Thailand among others.
The Asia Pacific regional market is also anticipated to witness significant growth over the forecast period owing to growing demand for clean energy transformation solutions from rapidly developing economies such as India and China among others. Increasing investments in renewable power generation sources are projected to further drive industry expansion over the coming years.
Europe accounted for a major share of global revenue in 2017 due primarily on increased spending on transformer manufacturing capacity by leading players operating within this region coupled with growing demand from end-use industries particularly within European countries including Germany Italy Spain UK France Russia among others.
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for step-down power transformers is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for energy-efficient devices across the globe.
- Growing investments in renewable energy sources: The growth of the step-down power transformer market is also attributed to the growing investments in renewable energy sources, such as solar and wind power, across the world.
- Rising need for uninterrupted power supply: The need for uninterrupted and reliable power supply has been driving the demand for step-down transformers globally.
- Technological advancements: With technological advancements, there has been an increase in adoption of smart grid technologies that use intelligent electronic devices (IEDs) and communication networks to manage electric distribution systems more efficiently and effectively than traditional methods do; this is likely to fuel growth of the global step down transformer market during forecast period 2016 – 2021
Scope Of The Report
Report Attributes
Report Details
Report Title
Step-Down Power Transformer Market Research Report
By Type
Solid Iron/Steel Core Materials, Silicon Steel Core Materials, Amorphous Steel Core Materials
By Application
Industrial, Commercial, Residential
By Companies
ABB, GE Grid Solutions, BHEL, CG Power and Industrial Solutions, Hyundai Heavy Industries, Mitsubishi Electrical, Prolec GE
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Step-Down Power Transformer Market Report Segments:
The global Step-Down Power Transformer market is segmented on the basis of:
Types
Solid Iron/Steel Core Materials, Silicon Steel Core Materials, Amorphous Steel Core Materials
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
Industrial, Commercial, Residential
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
- GE Grid Solutions
- BHEL
- CG Power and Industrial Solutions
- Hyundai Heavy Industries
- Mitsubishi Electrical
- Prolec GE
Highlights of The Step-Down Power 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:
- Solid Iron/Steel Core Materials
- Silicon Steel Core Materials
- Amorphous Steel Core Materials
- By Application:
- Industrial
- Commercial
- Residential
- 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 Step-Down Power 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
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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?
A step-down power transformer is a device that converts AC voltage to lower DC voltages. This is done by reducing the voltage of the AC input, typically from 120 volts to 60 volts or 50 volts to 24 volts.
Some of the key players operating in the step-down power transformer market are ABB, GE Grid Solutions, BHEL, CG Power and Industrial Solutions, Hyundai Heavy Industries, Mitsubishi Electrical, Prolec GE.
The step-down power transformer market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Step-Down Power Transformer 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. Step-Down Power Transformer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Step-Down Power Transformer Market - Supply Chain
4.5. Global Step-Down Power Transformer Market Forecast
4.5.1. Step-Down Power Transformer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Step-Down Power Transformer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Step-Down Power Transformer Market Absolute $ Opportunity
5. Global Step-Down Power Transformer 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. Step-Down Power Transformer Market Size and Volume Forecast by Type
5.3.1. Solid Iron/Steel Core Materials
5.3.2. Silicon Steel Core Materials
5.3.3. Amorphous Steel Core Materials
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Step-Down Power Transformer 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. Step-Down Power Transformer Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Step-Down Power Transformer 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. Step-Down Power Transformer 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 Step-Down Power Transformer 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. Step-Down Power Transformer 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 Step-Down Power Transformer Demand Share Forecast, 2019-2026
9. North America Step-Down Power Transformer 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 Step-Down Power Transformer 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 Step-Down Power Transformer Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Step-Down Power Transformer Market Size and Volume Forecast by Type
9.7.1. Solid Iron/Steel Core Materials
9.7.2. Silicon Steel Core Materials
9.7.3. Amorphous Steel Core Materials
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 Step-Down Power Transformer Demand Share Forecast, 2019-2026
10. Latin America Step-Down Power Transformer 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 Step-Down Power Transformer 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 Step-Down Power Transformer Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Step-Down Power Transformer Market Size and Volume Forecast by Type
10.7.1. Solid Iron/Steel Core Materials
10.7.2. Silicon Steel Core Materials
10.7.3. Amorphous Steel Core Materials
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 Step-Down Power Transformer Demand Share Forecast, 2019-2026
11. Europe Step-Down Power Transformer 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 Step-Down Power Transformer 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 Step-Down Power Transformer Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Step-Down Power Transformer Market Size and Volume Forecast by Type
11.7.1. Solid Iron/Steel Core Materials
11.7.2. Silicon Steel Core Materials
11.7.3. Amorphous SteelCore Materials
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 Step-Down Power Transformer Demand Share, 2019-2026
12. Asia Pacific Step-Down Power Transformer 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 Step-Down Power Transformer 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 Step-Down Power Transformer Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Step-Down Power Transformer Market Size and Volume Forecast by Type
12.7.1. Solid Iron/Steel Core Materials
12.7.2. Silicon Steel Core Materials
12.7.3. Amorphous Steel Core Materials
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 Step-Down Power Transformer Demand Share, 2019-2026
13. Middle East & Africa Step-Down Power Transformer 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 Step-Down Power Transformer 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 Step-Down Power Transformer Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
13.4.3. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Step-Down Power Transformer Market Size and Volume Forecast by Type
13.7.1. Solid Iron/Steel Core Materials
13.7.2. Silicon Steel Core Materials
13.7.3. Amorphous Steel Core Materials
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 Step-Down Power Transformer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Step-Down Power Transformer Market: Market Share Analysis
14.2. Step-Down Power Transformer Distributors and Customers
14.3. Step-Down Power Transformer 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. GE Grid Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BHEL
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CG Power and Industrial Solutions
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hyundai Heavy Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electrical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Prolec GE
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
