Market Overview:
The global transformer accessories 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. Based on type, the low voltage transformer segment is projected to lead the global transformer accessories market during the forecast period. This growth can be attributed to increased demand for low voltage transformers from residential and commercial sectors due to growing awareness about energy efficiency measures. Based on application, bushings are expected to lead the global transformer accessories market during 2018-2030 owing high installation base across various industries such as oil & gas, power generation, and transportation.
Product Definition:
A transformer accessory is a device that is used in conjunction with a transformer. This device helps to protect the transformer from damage and also helps to improve the efficiency of the transformer. Some common transformer accessories include surge arresters, lightning arresters, and insulation kits.
Low Voltage Transformer:
Low voltage transformer is a device used to step up or step down the voltage of an electrical supply. It has two main purposes, first it provides an alternate power source to a circuit and second it helps in stabilizing the current flow in circuits. The primary function of low voltage transformer is to convert the high-voltage electricity into low-voltage electricity for usage at a lower potential.
High Voltage Transformer:
High voltage transformer is a device used to step up or step down high voltage power supply. It has two main parts, core and winding. Core is made of ferrite magnets and it helps in increasing or decreasing the output voltage by generating alternate current at uniform frequency. Winding consists of many turns of insulated wire around a metal core which generates low frequency AC current; this current is stepped up or down by the transformer to provide desired output voltage and frequency.
Application Insights:
The others segment includes various accessories such as oil level indicators, pressure safety valves and bushings. The transformer flags are used to indicate the status of the system. A low voltage transformer would have a green flag while a high voltage one would have red flags. Similarly, tap changers are used to change the taps on transformers and oil level indicators show when there is enough lubricant in transformers. Pressure safety valves act as an additional safeguard against overpressure conditions that may cause injury or damage to equipment if present in all phases of power distribution network construction activities.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period. The growth of this region can be attributed to increasing demand for transformers from various end-use industries, such as power generation and distribution, industrial applications, communication & IT services sector. In addition, rising investments in infrastructure development are anticipated to fuel product demand in countries such as China and India over the coming years.
The Middle East & Africa is projected to witness significant growth during the forecast period owing to rapid developments taking place in its power generation sector coupled with expanding oil & gas industry base across countries such as Saudi Arabia and UAE.
Growth Factors:
- Increasing demand for electric vehicles
- Growing popularity of transformerless inverters
- Rising number of rooftop solar installations
- Proliferation of smart grids and microgrids
- Advances in energy storage technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Transformer Accessories Market Research Report
By Type
Low Voltage Transformer, High Voltage Transformer, Middle Voltage Transformer
By Application
Bushings, Transformer Flags, Tap Changers, Transformer Wheels, Oil Level Indicators, Pressure Safety Valves, Others
By Companies
Mileen Engineers, BTRAC Ltd, Viat, ARES, Albert Maier GmbH, LEE VEDLA INDUSTRIAL, MESSKO, PX Transformer Solutions, Ares Trafo, ZEP, IndiaMART InterMESH Limited, PRESS - N - FORGE, Vmas Power Equipments Company Pvt. Ltd., Bihar Eletrical Equipment
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 Transformer Accessories Market Report Segments:
The global Transformer Accessories market is segmented on the basis of:
Types
Low Voltage Transformer, High Voltage Transformer, Middle Voltage Transformer
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
Bushings, Transformer Flags, Tap Changers, Transformer Wheels, Oil Level Indicators, Pressure Safety Valves, 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:
- Mileen Engineers
- BTRAC Ltd
- Viat
- ARES
- Albert Maier GmbH
- LEE VEDLA INDUSTRIAL
- MESSKO
- PX Transformer Solutions
- Ares Trafo
- ZEP
- IndiaMART InterMESH Limited
- PRESS - N - FORGE
- Vmas Power Equipments Company Pvt. Ltd.
- Bihar Eletrical Equipment
Highlights of The Transformer Accessories 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:
- Low Voltage Transformer
- High Voltage Transformer
- Middle Voltage Transformer
- By Application:
- Bushings
- Transformer Flags
- Tap Changers
- Transformer Wheels
- Oil Level Indicators
- Pressure Safety Valves
- 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 Accessories 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 accessories are items that can be used with Transformers figures to make them look more accurate or customisable. These items can include weapons, armour, and other gear.
Some of the key players operating in the transformer accessories market are Mileen Engineers, BTRAC Ltd, Viat, ARES, Albert Maier GmbH, LEE VEDLA INDUSTRIAL, MESSKO, PX Transformer Solutions, Ares Trafo, ZEP, IndiaMART InterMESH Limited, PRESS - N - FORGE, Vmas Power Equipments Company Pvt. Ltd., Bihar Eletrical Equipment.
The transformer accessories market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Transformer Accessories 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. Transformer Accessories Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Transformer Accessories Market - Supply Chain
4.5. Global Transformer Accessories Market Forecast
4.5.1. Transformer Accessories Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Transformer Accessories Market Size (000 Units) and Y-o-Y Growth
4.5.3. Transformer Accessories Market Absolute $ Opportunity
5. Global Transformer Accessories 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. Transformer Accessories Market Size and Volume Forecast by Type
5.3.1. Low Voltage Transformer
5.3.2. High Voltage Transformer
5.3.3. Middle Voltage Transformer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Transformer Accessories 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. Transformer Accessories Market Size and Volume Forecast by Application
6.3.1. Bushings
6.3.2. Transformer Flags
6.3.3. Tap Changers
6.3.4. Transformer Wheels
6.3.5. Oil Level Indicators
6.3.6. Pressure Safety Valves
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Transformer Accessories 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. Transformer Accessories 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 Transformer Accessories 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. Transformer Accessories 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 Transformer Accessories Demand Share Forecast, 2019-2029
9. North America Transformer Accessories 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 Transformer Accessories 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 Transformer Accessories Market Size and Volume Forecast by Application
9.4.1. Bushings
9.4.2. Transformer Flags
9.4.3. Tap Changers
9.4.4. Transformer Wheels
9.4.5. Oil Level Indicators
9.4.6. Pressure Safety Valves
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Transformer Accessories Market Size and Volume Forecast by Type
9.7.1. Low Voltage Transformer
9.7.2. High Voltage Transformer
9.7.3. Middle Voltage Transformer
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 Transformer Accessories Demand Share Forecast, 2019-2029
10. Latin America Transformer Accessories 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 Transformer Accessories 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 Transformer Accessories Market Size and Volume Forecast by Application
10.4.1. Bushings
10.4.2. Transformer Flags
10.4.3. Tap Changers
10.4.4. Transformer Wheels
10.4.5. Oil Level Indicators
10.4.6. Pressure Safety Valves
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Transformer Accessories Market Size and Volume Forecast by Type
10.7.1. Low Voltage Transformer
10.7.2. High Voltage Transformer
10.7.3. Middle Voltage Transformer
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 Transformer Accessories Demand Share Forecast, 2019-2029
11. Europe Transformer Accessories 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 Transformer Accessories 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 Transformer Accessories Market Size and Volume Forecast by Application
11.4.1. Bushings
11.4.2. Transformer Flags
11.4.3. Tap Changers
11.4.4. Transformer Wheels
11.4.5. Oil Level Indicators
11.4.6. Pressure Safety Valves
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Transformer Accessories Market Size and Volume Forecast by Type
11.7.1. Low Voltage Transformer
1.7.2. High Voltage Transformer
11.7.3. Middle Voltage Transformer
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 Transformer Accessories Demand Share, 2019-2029
12. Asia Pacific Transformer Accessories 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 Transformer Accessories 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 Transformer Accessories Market Size and Volume Forecast by Application
12.4.1. Bushings
12.4.2. Transformer Flags
12.4.3. Tap Changers
12.4.4. Transformer Wheels
12.4.5. Oil Level Indicators
12.4.6. Pressure Safety Valves
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Transformer Accessories Market Size and Volume Forecast by Type
12.7.1. Low Voltage Transformer
12.7.2. High Voltage Transformer
12.7.3. Middle Voltage Transformer
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 Transformer Accessories Demand Share, 2019-2029
13. Middle East & Africa Transformer Accessories 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 Transformer Accessories 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 Transformer Accessories Market Size and Volume Forecast by Application
13.4.1. Bushings
13.4.2. Transformer Flags
13.4.3. Tap Changers
13.4.4. Transformer Wheels
13.4.5. Oil Level Indicators
13.4.6. Pressure Safety Valves
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Transformer Accessories Market Size and Volume Forecast by Type
13.7.1. Low Voltage Transformer
13.7.2. High Voltage Transformer
13.7.3. Middle Voltage Transformer
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 Transformer Accessories Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Transformer Accessories Market: Market Share Analysis
14.2. Transformer Accessories Distributors and Customers
14.3. Transformer Accessories Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mileen Engineers
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BTRAC Ltd
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Viat
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ARES
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Albert Maier GmbH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LEE VEDLA INDUSTRIAL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MESSKO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PX Transformer Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ares Trafo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ZEP
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. IndiaMART InterMESH Limited
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PRESS - N - FORGE
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Vmas Power Equipments Company Pvt. Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Bihar Eletrical Equipment
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
