Market Overview:
The global step-up 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 digital technologies is also contributing to the growth of this market. Based on type, the global step-up 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-up power transformer market can be segmented into industrial, commercial, and residential applications.
Product Definition:
A step-up power transformer is a transformer that increases the voltage of an electrical current. This type of transformer is often used to increase the voltage of power lines in order to send more electricity over long distances. They are also used in power plants to increase the voltage of electricity before it is sent out to consumers.
Solid Iron/Steel Core Materials:
The global solid iron/steel core materials market size was valued at USD 1.91 billion in 2015 and is expected to witness significant growth over the forecast period on account of its rising demand from the power transformer industry. The growing population coupled with rapid industrialization has resulted in an increased need for electricity, which will drive product demand over the next seven years.
Silicon Steel Core Materials:
Silicon steel core materials are used in step-up power transformers to decrease the voltage and increase the current. The silicon steel core materials have low permeability, high mechanical strength, good electrical properties such as short-circuit withstand load and long-life cycle, which is expected to drive market growth over the forecast period.
Increasing demand for electric vehicles coupled with growing renewable energy generation is expected to propel market growth over the next seven years.
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-up transformers in power distribution networks, especially across commercial and residential applications, is expected to drive the industry growth during the study period.
Increasing number of manufacturing facilities by companies such as Siemens AG (Germany), ABB (Sweden), Alstom Power Distribution Ltd. (UAE) and General Electric Company (U.S.
Regional Analysis:
Asia Pacific dominated the global step-up power transformer market in 2017. The region is expected to continue its dominance over the next eight years. This can be attributed to increasing industrialization and rapid development of commercial, residential, and industrial applications in countries such as China, India, Japan, South Korea, Taiwan among others.
The growing demand for electricity across various industries has led to an increase in demand for step-up transformers across major economies including China and India thus driving regional market growth over the forecast period. Asia Pacific is also anticipated to emerge as a lucrative source of revenue through 2030 due to increased foreign investments coupled with favorable government policies aimed at promoting manufacturing activities within the region thereby boosting industry growth prospects.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy efficiency in developed countries
- Technological advancements that improve the performance of step-up power transformers
- Rising prices of oil and other fuels, which increases the cost of generating electricity
Scope Of The Report
Report Attributes
Report Details
Report Title
Step-Up 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, TBEA, SIEMENS, GE, Schneider, SGB-SMIT, Qingdao Transformer Group, Mitsubishi Electric, SPX, Eaton, Efacec, Hitachi, Alstom, Crompton Greaves, Daihen, Fuji Electric, Qiantang River Electric, ZTR, Hyosung
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Step-Up Power Transformer Market Report Segments:
The global Step-Up 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
- TBEA
- SIEMENS
- GE
- Schneider
- SGB-SMIT
- Qingdao Transformer Group
- Mitsubishi Electric
- SPX
- Eaton
- Efacec
- Hitachi
- Alstom
- Crompton Greaves
- Daihen
- Fuji Electric
- Qiantang River Electric
- ZTR
- Hyosung
Highlights of The Step-Up 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-Up 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
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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-Up Power Transformer is a device that can be used to increase the voltage of an electrical outlet. This is useful if you have an appliance or device that needs a higher voltage than what is available from your home's electrical outlet.
Some of the major players in the step-up power transformer market are ABB, TBEA, SIEMENS, GE, Schneider, SGB-SMIT, Qingdao Transformer Group, Mitsubishi Electric, SPX, Eaton, Efacec, Hitachi, Alstom, Crompton Greaves, Daihen, Fuji Electric, Qiantang River Electric, ZTR, Hyosung.
The step-up power transformer market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Step-Up 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-Up 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-Up Power Transformer Market - Supply Chain
4.5. Global Step-Up Power Transformer Market Forecast
4.5.1. Step-Up Power Transformer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Step-Up Power Transformer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Step-Up Power Transformer Market Absolute $ Opportunity
5. Global Step-Up 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-Up 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-Up 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-Up 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-Up 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-Up 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-Up 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-Up 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-Up Power Transformer Demand Share Forecast, 2019-2026
9. North America Step-Up 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-Up 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-Up 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-Up 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-Up Power Transformer Demand Share Forecast, 2019-2026
10. Latin America Step-Up 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-Up 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-Up 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-Up 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-Up Power Transformer Demand Share Forecast, 2019-2026
11. Europe Step-Up 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-Up 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-Up 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-Up 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 Steel Core 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-Up Power Transformer Demand Share, 2019-2026
12. Asia Pacific Step-Up 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-Up 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-Up 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-Up 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-Up Power Transformer Demand Share, 2019-2026
13. Middle East & Africa Step-Up 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-Up 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-Up 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-Up 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-Up Power Transformer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Step-Up Power Transformer Market: Market Share Analysis
14.2. Step-Up Power Transformer Distributors and Customers
14.3. Step-Up 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. TBEA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SIEMENS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE
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
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SGB-SMIT
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Qingdao Transformer Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsubishi Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SPX
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Eaton
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Efacec
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hitachi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Alstom
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Crompton Greaves
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Daihen
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Fuji 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. Qiantang River Electric
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ZTR
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hyosung
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
