Global Transformer Growth Opportunities

Global Transformer Growth Opportunities

Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers. The global transformer market revenue is expected to reach $64.24 billion in 2030; a market rebound is expected from 2022 onward. Though a mature market, the demand for both power and distribution transformers will be boosted by strong growth in electricity demand, rising rate of electrification, economic growth, and increasing population across China, India, Asia, the Middle East, and Africa. In addition, ageing power grid leading to wider market adoption of electrification and the transition from fossil fuel to clean energy will boost the demand for T&D equipment, primarily transformers.

Power transmission bottlenecks, such as underdeveloped infrastructure causing losses and overloading of transmission lines will encourage effort toward higher regional interconnectivity, leading to the development of high-voltage transmission systems and higher power transformer demand. Grid hardening, grid modernization, urgent network upgrades, and improved system resilience will have a positive bearing on market demand. Industry development will be directed toward higher adoption of energy-efficient and intelligent transformers and ecofriendly/green transformers.

This research service analyzes the most recent trends in North America, Europe, Asia, India, China, Latin America, and Rest of World. The study also offers an overview of the power and distribution transformer market and, technology segments by liquid and dry type, current and future trends. Frost and Sullivan has analyzed key country markets and regions, and growth drivers and restraints that are likely to impact growth and determine the market potential of power distribution transformers over the next decade.

KEY ISSUES ADDRESSED

How big is the power and distribution transformer market? At what rate is it expected to grow?
What are the key drivers and restraints and what impact will they have over the forecast period?
What are the growth opportunities, and where do they exist for the market participants?
What are the growth markets? How long will they continue to grow, and at what rate?
Which technology trends are transforming the global transformer market?
What are the global and regional market trends in the global transformer market?