Global Power Transformer Market Report Size, Trends & Growth Opportunity, By Core (Closed, Shell, Berry), By Insulation (Gas, Oil, Solid, Air, Other), By Phase (Single, Three), By Rating (100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA), By Application (Residential & Commercial, Utilities, Industrial) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2030.
Global Power Transformer Market
The Global Power Transformer Market is predicted to rise from its estimated value of USD 21.88 billion in 2022 to USD 38.65 billion by 2030, at a CAGR of 6.15 % from 2023 to 2030.
A specific type of transformer called a power transformer is used primarily to transport low voltage generating electricity through distribution lines inside the power grid network. It is an essential component of the electrical grid and aids in the frequency-invariant transmission of power from one network to the next. Low-voltage electricity generation is economical, yet it results in high line current. Transmission of high current causes more line losses. Yet, increasing the voltage of the incoming power enables efficient power transfer. Thus, a power transformer is mostly used to raise the voltage. Hence, power transformers are essential for the transfer of power.
Market Drivers
The power transformer sector will be driven over the evaluation period by expanded transmission network research and the quick adoption of unconventional and renewable energy sources for generating electricity in remote areas. Smart grids can be accessed and monitored remotely, and they can adapt to changes in electricity demand quickly. Furthermore, they ensure efficient cooling and power delivery, lowering carbon emissions. The growth of the worldwide power transformer market will be aided by the creation of green transformers, high voltage transmission technologies, and strict government restrictions targeted at lowering greenhouse gas emissions throughout the projected period.Market RestraintsThe production of power transformers takes a long time, there is
a shortage of high-quality steel, and it is expensive to create the infrastructure necessary for stable and dependable transformer operation. These factors will limit the growth of the power transformer sector.
Market Segmentation
The Global Power Transformer Market is segmented into Core (Closed, Shell, Berry), Insulation (Gas, Oil, Solid, Air, Other), Phase (Single, Three), Rating (100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA), Application (Residential & Commercial, Utilities, Industrial) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).
Regional Analysis
Over the anticipated timeframe, the Asia-Pacific area is anticipated to expand. The region's population growth is facilitating regional growth, which is facilitated by rapid economic development and an increased need for uninterrupted and reliable power supply. China is investing in the expansion of its current electrical transmission and distribution system to meet the country's growing need for electricity as a result of its rapid industrialization and urbanisation.
The nation's rising need for power transformers is a result of increased industry, infrastructure improvement, and construction work. Rising energy demand and a growing emphasis on the production of renewable electric power are the two main factors driving market expansion in the country. A lucrative market for power transformer producers, Asia Pacific continues to be one of the world's top energy producers.
Key Players
The Key Players in the Global Power Transformer Market are Bharat Heavy Electricals Limited, ABB Ltd, Hyundai Heavy Industries Co. Ltd., Siemens Energy, Alstom SA, Mitsubishi Electric Corporation, GE Co., Toshiba Corp., Hyosung Power & Industrial Systems Performance Group, and Crompton Greaves Ltd.
Market Taxonomy
Core
• Closed
• Shell
• Berry
Insulation
• Gas
• Oil
• Solid
• Air
• Other
Phase
• Single
• Three
Rating
• 100 MVA to 500 MVA
• 501 MVA to 800 MVA
• 801 MVA to 1200 MVA
Applications
• Residential & Commercial
• Utilities
• Industrial
Regional Outlook
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and South Africa
.
Global Power Transformer Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Power Transformer Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Power Transformer Market, By Core
5.1 Y-o-Y Growth Comparison, By Core
5.2 Global Power Transformer Market Share Analysis, By Core
5.3 Global Power Transformer Market Size and Forecast, By Core
5.3.1. Closed
5.3.2 Shell
5.3.3 Berry
6 Global Power Transformer Market, By Insulation
6.1 Y-o-Y Growth Comparison, By Insulation
6.2 Global Power Transformer Market Share Analysis, By Insulation
6.3 Global Power Transformer Market Size and Forecast, By Insulation
6.3.1 Gas
6.3.2 Oil
6.3.3 Solid
6.3.4 Air
6.3.5 Other
7 Global Power Transformer Market, By Phase
7.1 Y-o-Y Growth Comparison, By Phase
7.2 Global Power Transformer Market Share Analysis, By Phase
7.3 Global Power Transformer Market Size and Forecast, By Phase
7.3.1 Single
7.3.2 Three
8 Global Power Transformer Market, By Rating
8.1 Y-o-Y Growth Comparison, By Rating
8.2 Global Power Transformer Market Share Analysis, By Rating
8.3 Global Power Transformer Market Size and Forecast, By Rating
8.3.1 100 MVA to 500 MVA
8.3.2 501 MVA to 800 MVA
8.3.3 801 MVA to 1200 MVA
9 Global Power Transformer Market, By Application
9.1 Y-o-Y Growth Comparison, By Application
9.2 Global Power Transformer Market Share Analysis, By Application
9.3 Global Power Transformer Market Size and Forecast, By Application
9.3.1 Residential & Commercial
9.3.2 Utilities
9.3.3 Industrial
10 Global Power Transformer Market, By Region
10.1 Global Power Transformer Market Share Analysis, By Region
10.2 Global Power Transformer Market Share Analysis, By Region
10.3 Global Power Transformer Market Size and Forecast, By Region
11 North America Power Transformer Analysis and Forecast (2023 -2030)
11.1 Introduction
11.2 North America Power Transformer Market Share Analysis, By Core
11.3 North America Power Transformer Market Size and Forecast, By Insulation
11.4 North America Power Transformer Market Size and Forecast, By Phase
11.5 North America Power Transformer Market Size and Forecast, By Rating
11.5 North America Power Transformer Market Size and Forecast, By Application
11.6 North America Power Transformer Market Size and Forecast, By Country
11.6.1 U.S.
11.6.2 Canada
11.6.3 Mexico
12 Europe Power Transformer Market Analysis and Forecast (2023 -2030)
12.1 Introduction
12.2 Europe Power Transformer Market Share Analysis, By Core
12.3 Europe Power Transformer Market Size and Forecast, By Insulation
12.4 Europe Power Transformer Market Size and Forecast, By Phase
12.5 Europe Power Transformer Market Size and Forecast, By Rating
12.6 Europe Power Transformer Market Size and Forecast, By Application
12.7. Europe Power Transformer Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Power Transformer Market Analysis and Forecast (2023 -2030)
13.1 Introduction
13.2 Asia Pacific Power Transformer Market Share Analysis, By Core
13.3 Asia Pacific Power Transformer Market Size and Forecast, By Insulation
13.4 Asia Pacific Power Transformer Market Size and Forecast, By Phase
13.5 Asia Pacific Power Transformer Market Size and Forecast, By Rating
13.6 Asia Pacific Power Transformer Market Size and Forecast, By Application
13.7 Asia Pacific Power Transformer Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Power Transformer Market Analysis and Forecast (2023 -2030)
14.1 Introduction
14.2 Latin America Power Transformer Market Share Analysis, By Core
14.3 Latin America Power Transformer Market Size and Forecast, By Insulation
14.4 Latin America Power Transformer Market Size and Forecast, By Phase
14.5 Latin America Power Transformer Market Size and Forecast, By Rating
14.6 Latin America Power Transformer Market Size and Forecast, By Application
14.7 Latin America Power Transformer Market Size and Forecast, By Country
14.7.1. Brazil
14.7.2. Rest of Latin America
15 Middle East Power Transformer Market Analysis and Forecast (2023 -2030)
15.1 Introduction
15.2 Middle East Power Transformer Market Share Analysis, By Core
15.3 Middle East Power Transformer Market Size and Forecast, By Insulation
15.4 Middle East Power Transformer Market Size and Forecast, By Phase
15.5 Middle East Power Transformer Market Size and Forecast, By Rating
15.6 Middle East Power Transformer Market Size and Forecast, By Application
15.7 Middle East Power Transformer Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4 Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Bharat Heavy Electricals Limited
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 ABB Ltd
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Hyundai Heavy Industries Co. Ltd
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Siemens Energy
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Alstom SA
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Mitsubishi Electric Corporation
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 GE Co
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Toshiba Corp
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Hyosung Power & Industrial Systems Performance Group
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Crompton Greaves Ltd.
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
