Global Phase Shifting Transformers Market Growth 2023-2029

Global Phase Shifting Transformers Market Growth 2023-2029

A phase-shifting transformer is a device for controlling the power flow through specific lines in a complex power transmission network. The basic function of a phase-shifting transformer is to change the effective phase displacement between the input voltage and the output voltage of a transmission line, thus controlling the amount of active power that can flow in the line.
Phase shifting transformers (PST) are crucial components in the ongoing strive for improved AC network efficiency. Increasing amounts of transmitted energy push the networks to the limit, increasing the risk of network instability.
PSTs allow controlling the power flow in the transmission grid independently of the generation. By avoiding system overloads and instabilities protect transmission lines and HV equipment from thermal overload, improve transmission system stability and control the power flow between different networks, for parallel long distance overhead lines or for parallel cables.
PSTs are highly specialized pieces of equipment that require leading- edge design and manufacturing skills combined with stringent quality control. They are highly complex power transformers, with more windings and tap changers than traditional power transformers and a large number of connections between the three-phases.
LPI (LP Information)' newest research report, the “Phase Shifting Transformers Industry Forecast” looks at past sales and reviews total world Phase Shifting Transformers sales in 2022, providing a comprehensive analysis by region and market sector of projected Phase Shifting Transformers sales for 2023 through 2029. With Phase Shifting Transformers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phase Shifting Transformers industry.
This Insight Report provides a comprehensive analysis of the global Phase Shifting Transformers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phase Shifting Transformers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Phase Shifting Transformers market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phase Shifting Transformers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phase Shifting Transformers.
The global Phase Shifting Transformers market size is projected to grow from US$ 94 million in 2022 to US$ 149.3 million in 2029; it is expected to grow at a CAGR of 149.3 from 2023 to 2029.
The main players in Phase Shifting Transformer market are Siemens, ABB, Tamini, Baoding Tianwei Baobian Electric and a few others. The top 3 are Siemens, ABB, Tamini with 93% market shares. Europe is the largest consumption place, with about 95% market shares.
This report presents a comprehensive overview, market shares, and growth opportunities of Phase Shifting Transformers market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Below 400 M VA
400 MVA-800 MVA
Over 800 MVA
Segmentation by application
Re-Distribute Power in Parallel Lines (Both Ends Are at Same Voltage Level)
Direct Power from One Voltage Level to Another (Auto-Transformer + PST)
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
ABB
Toshiba
Raychem RPG
SGB_SMIT
CG
Tamini
Baoding Tianwei Baobian Electric
Key Questions Addressed in this Report
What is the 10-year outlook for the global Phase Shifting Transformers market?
What factors are driving Phase Shifting Transformers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Phase Shifting Transformers market opportunities vary by end market size?
How does Phase Shifting Transformers break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.