Global Transformers Market Size study & Forecast, by Type (Distribution Transformer Power Transformer, Others), by Power Rating (Small, Medium, Large), by Cooling Type (Air Cooled, Oil Cooled), by Insulation (Dry, Liquid Immersed), by Number of Phase (T

Global Transformers Market Size study & Forecast, by Type (Distribution Transformer Power Transformer, Others), by Power Rating (Small, Medium, Large), by Cooling Type (Air Cooled, Oil Cooled), by Insulation (Dry, Liquid Immersed), by Number of Phase (Three Phase, Single Phase), by Application (Utility, Industrial, Commercial and Residential) and Regional Analysis, 2023-2030


Global Transformers Market is valued approximately at USD 62.1 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030. Transformers are electrical devices used to transfer electrical energy between two or more electrical circuits through electromagnetic induction. They play a crucial role in electrical power transmission and distribution systems by stepping up or stepping down the voltage levels. The basic structure of a transformer consists of two or more coils of wire wound around a laminated iron core. The coils are known as the primary and secondary windings. The primary winding is connected to the power source, while the secondary winding is connected to the load or the electrical system receiving the power. However, increasing demand for electricity and rapid expansion of renewable energy anticipated to be the market drivers of Global Transformers Market.

According to the International Renewable Energy Agency (IRENA) in 2023, the global electricity capacity in China accounted for approximately 1,206,588.9 MW (Megawatt) in 2022, holding rank 1 in the world, similarly, the global electricity capacity in United States accounted for approximately 370,963.7 MW (Megawatt) in 2022 holding rank 2 in electricity capacity in the world. According to Center for Climate and Energy Solutions (C2ES) in 2020, renewable energy sources accounted for 19.8 percent of electricity generation, primarily driven by hydro and wind power. It was expected that by 2030, the share of renewables in electricity generation increase to 35 percent, with wind and solar energy contributing significantly to this growth. Over the years, non-hydro renewables have experienced a substantial rise, expanding their portion of electric power generation from under 1 percent in 2005 to over 12.5 percent by the end of 2020. However, environmental concerns & regulation and limited grid infrastructure may hamper the growth of Global Transformers Market. Moreover, continuous upgradation of aging electricity infrastructure and increasing demand for renewable energy anticipated to fueled the market space.

The key regions considered for the Global Transformers Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific region dominated the market with largest market share because of the rising electricity demand & usage and increasing industrialization and urbanization in the region. Latin America, Middle East & Africa region is anticipated to be the fastest growing region because of the rising adoption of renewable energy and growing industrialization in the region. Asia-Pacific region is the fastest-growing region in the transformers market due to several factors such as rapid industrialization, rising energy demand, infrastructure development, renewable energy integration, economic growth, and supportive government initiatives have all contributed to this growth. The region's expanding industrialization and urbanization have increased the need for electricity, driving the demand for transformers in power generation and distribution.

Major market player included in this report are:
VTC Timbers Private Limited
Eaton Corporation Plc
General Electric Company (GE)
Mitsubishi Electric Corporation
Siemens AG
Asea Brown Boveri (ABB) Ltd.
Toshiba Corporation
CG Power and Industrial Solutions Ltd.
Schneider Electric Industries
Starkstrom Geratebau GmbH (SGB-SMIT Group)

Recent Developments in the Market:
In September 2022, Hitachi Energy made a significant announcement in September 2022 with the introduction of the RESIBLOC Rail, an innovative oil-free traction transformer. This cutting-edge transformer incorporates an integrated cooling system and supports voltages of up to 25 kilovolts (kV). The RESIBLOC Rail stands out as a game-changing advancement in dry-type on-board traction transformer technology, offering a plug-and-play system that enhances efficiency and reliability.

In April 2021, Enel, an Italian power company, revealed its intention to venture into the power distribution sector in the United States. With a strategic vision, Enel has outlined a substantial investment plan of approximately USD 19.52 billion for distribution networks within the next two years, followed by a more extensive investment of USD 72.23 billion by the year 2030.

Global Transformers Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Power Rating, Cooling Type, Insulation, Number of Phase, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Distribution Transformer
Power Transformer
Others

By Power Rating:
Small
Medium
Large

By Cooling Type:
Air Cooled
Oil Cooled

By insulation
Dry
Liquid Immersed

By Number of Phase:
Three Phase
Single Phase

By Application:
Utility
Industrial
Commercial and Residential

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies
VTC Timbers Private Limited
Eaton Corporation Plc
General Electric Company (GE)
Mitsubishi Electric Corporation
Siemens AG
Asea Brown Boveri (ABB) Ltd.
Toshiba Corporation
CG Power and Industrial Solutions Ltd.
Schneider Electric Industries
Starkstrom Geratebau GmbH (SGB-SMIT Group)

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Transformers Market, by region, 2020-2030 (USD Billion)
1.2.2. Transformers Market, by Type, 2020-2030 (USD Billion)
1.2.3. Transformers Market, by Power Rating, 2020-2030 (USD Billion)
1.2.4. Transformers Market, by Cooling Type, 2020-2030 (USD Billion)
1.2.5. Transformers Market, by Insulation, 2020-2030 (USD Billion)
1.2.6. Transformers Market, by Number of Phase, 2020-2030 (USD Billion)
1.2.7. Transformers Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Transformers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Transformers Market Dynamics
3.1. Transformers Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for Electricity
3.1.1.2. Rapid Expansion of Renewable Energy
3.1.2. Market Challenges
3.1.2.1. Environmental Concern & Regulation
3.1.2.2. Limited Grid Infrastructure
3.1.3. Market Opportunities
3.1.3.1. Continuous Upgradation of Electricity Infrastructure
3.1.3.2. Increasing Demand for Renewable Energy
Chapter 4. Global Transformers Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Transformers Market, by Type
5.1. Market Snapshot
5.2. Global Transformers Market by Type, Performance - Potential Analysis
5.3. Global Transformers Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Transformers Market, Sub Segment Analysis
5.4.1. Distribution Transformer
5.4.2. Power Transformer
5.4.3. Others
5.4.4. Global Transformers Market, by Power Rating
5.5. Market Snapshot
5.6. Global Transformers Market by Power Rating, Performance - Potential Analysis
5.7. Global Transformers Market Estimates & Forecasts by Power Rating 2020-2030 (USD Billion)
5.8. Transformers Market, Sub Segment Analysis
5.8.1. Small
5.8.2. Medium
5.8.3. Large
Chapter 6. Global Transformers Market, by Cooling Type
6.1. Market Snapshot
6.2. Global Transformers Market by Cooling Type, Performance - Potential Analysis
6.3. Global Transformers Market Estimates & Forecasts by Cooling Type 2020-2030 (USD Billion)
6.4. Transformers Market, Sub Segment Analysis
6.4.1. Air Cooled
6.4.2. Oil Cooled
Chapter 7. Global Transformers Market, by Insulation
7.1. Market Snapshot
7.2. Global Transformers Market by Insulation, Performance - Potential Analysis
7.3. Global Transformers Market Estimates & Forecasts by Insulation 2020-2030 (USD Billion)
7.4. Transformers Market, Sub Segment Analysis
7.4.1. Dry
7.4.2. Liquid Immersed
Chapter 8. Global Transformers Market, by Number of Phase
8.1. Market Snapshot
8.2. Global Transformers Market by Number of Phase, Performance - Potential Analysis
8.3. Global Transformers Market Estimates & Forecasts by Number of Phase 2020-2030 (USD Billion)
8.4. Transformers Market, Sub Segment Analysis
8.4.1. Three Phase
8.4.2. Single Phase
Chapter 9. Global Transformers Market, by Application
9.1. Market Snapshot
9.2. Global Transformers Market by Application, Performance - Potential Analysis
9.3. Global Transformers Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
9.4. Transformers Market, Sub Segment Analysis
9.4.1. Utility
9.4.2. Industrial
9.4.3. Commercial and Residential
Chapter 10. Global Transformers Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Transformers Market, Regional Market Snapshot
10.4. North America Transformers Market
10.4.1. U.S. Transformers Market
10.4.1.1. Type breakdown estimates & forecasts, 2020-2030
10.4.1.2. Power Rating breakdown estimates & forecasts, 2020-2030
10.4.1.3. Cooling Type breakdown estimates & forecasts, 2020-2030
10.4.1.4. Insulation breakdown estimates & forecasts, 2020-2030
10.4.1.5. Number of Phase breakdown estimates & forecasts, 2020-2030
10.4.1.6. Application breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Transformers Market
10.5. Europe Transformers Market Snapshot
10.5.1. U.K. Transformers Market
10.5.2. Germany Transformers Market
10.5.3. France Transformers Market
10.5.4. Spain Transformers Market
10.5.5. Italy Transformers Market
10.5.6. Rest of Europe Transformers Market
10.6. Asia-Pacific Transformers Market Snapshot
10.6.1. China Transformers Market
10.6.2. India Transformers Market
10.6.3. Japan Transformers Market
10.6.4. Australia Transformers Market
10.6.5. South Korea Transformers Market
10.6.6. Rest of Asia Pacific Transformers Market
10.7. Latin America Transformers Market Snapshot
10.7.1. Brazil Transformers Market
10.7.2. Mexico Transformers Market
10.8. Middle East & Africa Transformers Market
10.8.1. Saudi Arabia Transformers Market
10.8.2. South Africa Transformers Market
10.8.3. Rest of Middle East & Africa Transformers Market
Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. VTC Timbers Private Limited
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Recent Developments
11.3.2. Eaton Corporation Plc
11.3.3. General Electric Company (GE)
11.3.4. Mitsubishi Electric Corporation
11.3.5. Siemens AG
11.3.6. Asea Brown Boveri (ABB) Ltd.
11.3.7. Toshiba Corporation
11.3.8. CG Power and Industrial Solutions Ltd.
11.3.9. Schneider Electric Industries
11.3.10. Starkstrom Geratebau GmbH (SGB-SMIT Group)
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption
List of Tables
TABLE 1. Global Transformers Market, report scope
TABLE 2. Global Transformers Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Transformers Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Transformers Market estimates & forecasts by Power Rating 2020-2030 (USD Billion)
TABLE 5. Global Transformers Market estimates & forecasts by Cooling Type 2020-2030 (USD Billion)
TABLE 6. Global Transformers Market estimates & forecasts by Insulation 2020-2030 (USD Billion)
TABLE 7. Global Transformers Market estimates & forecasts by Number of Phase 2020-2030 (USD Billion)
TABLE 8. Global Transformers Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 9. Global Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. Global Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. Global Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. U.S. Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. U.S. Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. U.S. Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. Canada Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Canada Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. UK Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. UK Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. Germany Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Germany Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. France Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. France Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Italy Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Italy Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. Spain Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. Spain Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. RoE Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. RoE Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. China Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. China Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. India Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. India Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. Japan Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Japan Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. South Korea Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. South Korea Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. Australia Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Australia Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. RoAPAC Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. RoAPAC Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Brazil Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Brazil Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. Mexico Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Mexico Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. RoLA Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoLA Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. Saudi Arabia Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 71. South Africa Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 72. RoMEA Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 73. List of secondary sources, used in the study of global Transformers Market
TABLE 74. List of primary sources, used in the study of global Transformers Market
TABLE 75. Years considered for the study
TABLE 76. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of figures
FIGURES 1. Global Transformers Market, research methodology
FIGURES 2. Global Transformers Market, Market estimation techniques
FIGURES 3. Global Market size estimates & forecast methods
FIGURES 4. Global Transformers Market, key trends 2022
FIGURES 5. Global Transformers Market, growth prospects 2023-2030
FIGURES 6. Global Transformers Market, porters 5 force model
FIGURES 7. Global Transformers Market, pest analysis
FIGURES 8. Global Transformers Market, value chain analysis
FIGURES 9. Global Transformers Market by segment, 2020 & 2030 (USD Billion)
FIGURES 10. Global Transformers Market by segment, 2020 & 2030 (USD Billion)
FIGURES 11. Global Transformers Market by segment, 2020 & 2030 (USD Billion)
FIGURES 12. Global Transformers Market by segment, 2020 & 2030 (USD Billion)
FIGURES 13. Global Transformers Market by segment, 2020 & 2030 (USD Billion)
FIGURES 14. Global Transformers Market, regional snapshot 2020 & 2030
FIGURES 15. North America Transformers Market 2020 & 2030 (USD Billion)
FIGURES 16. Europe Transformers Market 2020 & 2030 (USD Billion)
FIGURES 17. Asia pacific Transformers Market 2020 & 2030 (USD Billion)
FIGURES 18. Latin America Transformers Market 2020 & 2030 (USD Billion)
FIGURES 19. Middle East & Africa Transformers Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

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