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Global Transformer Market Forecast to 2027

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from $4,950 100 Pages Market Research Future May, 2023 RESFT17922798
Best Price Guarantee
Price from $4,950
Length 100 Pages
Publisher Market Research Future
Published Date May, 2023
SKU RESFT17922798

Global transformer Market Forecast to 2027


The transformer market is predicted to experience rapid growth in the upcoming years due to factors like a significant international investment drive to upgrade current electricity transmission lines and increased public and governmental desire for better, greener energy sources. Converters are attracting a lot of interest from investors all around the world due to their function as high-efficiency power distribution equipment. The volume of transformer sales is anticipated to increase dramatically as a result of power programs aimed at reducing losses in distribution and transmission and raising demand for transformers. With the steady dramatic transition away from carbon-based energy sources and toward renewable energy sources, there has been a significant paradigm shift in the world's energy usage. In the upcoming years, the dynamics of the transformer market are anticipated to be impacted globally by these shifts in the development of renewable energy.

Segment Overview
The four categories that make up the global transformer interface are Application, End users, Regional Analysis, Competitive Landscape. The market is divided into segments based on the core, product, mounting, mating, winding, insulation, phase, cooling, and geographies. Over the anticipated time, the worldwide transformer industry trends are anticipated to expand moderately. Based on the application, the market is divided into Solid, Oil, Air, Gas, and Other segments. Based on the different types of propulsion, the market is divided into Commercial & Residential, Industrial, and Utilities segments. Due to the requirement to expand the power systems to accept additional renewable energies, the North American market is anticipated to grow more quickly. Tight regulatory compliance has been connected to digitalization and the application of intelligent technology to increase energy savings by important market participants.

Regional Analysis
Europe, Latin America, Asia-Pacific, Caribbean, and the North America make up the segments of the market. Due to the requirement to expand the power systems to accept additional renewable energies, the North American market is anticipated to grow more quickly. Because of the growing demand for infrastructure in the industry of real estate, converter market earnings are anticipated to expand. The need for new transformers as a result of the increased demand for renewable energy sources will propel the European market for these transformers to new heights. Updating the existing and aging communications infrastructure is anticipated as a crucial component of growth. Because of a spike in power consumption, the transformer industry in the Asia Pacific region will see a considerable rise in revenue. The extensive use of energy from renewable sources will also have a significant effect on growth. Conclusion: As commercialization and industrialization in the Africa, Latin America, and Middle East continue to develop rapidly, this will have a substantial impact on the world's need for transformers.

Major Players
The principal sectors that affect growth include Toshiba Corporation (Japan), Schneider Electric (France), Siemens AG (Germany), Hyosung Power & Industrial Solutions (South Korea) SPX, Crompton Greaves Ltd. (India), Transformer Solutions Inc. (U.S.), ABB Ltd. (Switzerland), Eaton Corporation plc (Ireland), Bharat Heavy Electricals Limited (India), Mitsubishi Electric Corporation (Japan)

COVID 19 Impact
The biggest issues facing the sector were the COVID-19 closings and the ensuing worldwide economic slump. Due to the cutting off of supply networks for an extended period of time and the suspension of trade routes, there were several challenges and financial losses. Several electricity-related projects that were in the works but not yet completed were put on hold, as well as many that had already begun. Also, the outbreak decreased government and individual discretionary spending as well as tax collections. Many of these concerns have caused serious problems for the global transformer industry. These issues will be greatly reduced by the increasing demand for power in the leisure and hospital sectors. Global industrialization has been spurred by an increase in the production of health products like antibacterial soaps and other disinfecting agents as a result of increased public awareness of healthy in the wake of the outbreak. As a result, this increase may even out the projected 6% CAGR for the transformer market throughout the forecast period.

Companies Mentioned
Toshiba Corporation (Japan)
Schneider Electric (France)
Siemens AG (Germany)
Hyosung Power & Industrial Solutions (South Korea) SPX
Crompton Greaves Ltd. (India)
Transformer Solutions Inc. (U.S.)
ABB Ltd. (Switzerland)
Eaton Corporation plc (Ireland)
Bharat Heavy Electricals Limited (India)
Mitsubishi Electric Corporation (Japan)

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1 Executive Summary
2 Market Introduction
2.1 Definition 17
2.2 Scope Of The Study 17
2.3 List Of Assumptions 17
2.4 Market Structure 18
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 22
3.5 Forecast Model 23
4 Market Dynamics
4.1 Introduction 25
4.2 Drivers 26
4.2.1 Rise In Transmission & Distribution Infrastructure Investments 26
4.2.2 Growth In Renewable Energy Sector 26
4.2.3 Drivers Impact Analysis 27
4.3 Restraints 28
4.3.1 High Initial Capital Cost Of Transformer 28
4.3.2 Reluctance To Replace Aging Infrastructure 28
4.3.3 Restraints Impact Analysis 29
4.4 Opportunity 29
4.4.1 Global Rise In Electricity Demand 29
5 Market Factor Analysis
5.1 Supply Chain Analysis 31
5.1.1 Raw Material Suppliers 31
5.1.2 Manufactures & Assemblers 31
5.1.3 End-user 31
5.2 Porter’s Five Forces Model 32
5.2.1 Threat Of New Entrants 32
5.2.2 Bargaining Power Of Suppliers 32
5.2.3 Bargaining Power Of Buyers 32
5.2.4 Threat Of Substitutes 32
5.2.5 Intensity Of Rivalry 33
6 Global Transformer Market, By Type
6.1 Overview 35
6.1.1 Distribution Transformer 35
6.1.2 Power Transformer 35
6.1.3 Others 35
7 Global Transformer Market, By Power Rating
7.1 Overview 39
7.1.1 Small Power 39
7.1.2 Medium Power 39
7.1.3 Large Power 39
8 Global Transformer Market, By Cooling Type
8.1 Overview 42
8.1.1 Oil-cooled Transformer 42
8.1.2 Air-cooled Transformer 42
9 Global Transformer Market, By Insulation
9.1 Overview 45
9.1.1 Dry Type 45
9.1.2 Liquid Immersed 45
10 Global Transformer Market, By End-user
10.1 Overview 48
10.1.1 Utility 48
10.1.2 Residential & Commercial 48
10.1.3 Industrial 48
11 Global Transformer Market, By Region
11.1 Introduction 52
11.2 Americas 54
11.2.1 U.S. 56
11.2.2 Canada 58
11.2.3 Brazil 60
11.2.4 Argentina 61
11.2.5 Rest Of Americas 63
11.3 Europe 65
11.3.1 Germany 68
11.3.2 U.K. 70
11.3.3 Russia 72
11.3.4 France 73
11.3.5 Rest Of Europe 75
11.4 Asia Pacific 78
11.4.1 China 80
11.4.2 India 82
11.4.3 Japan 84
11.4.4 Australia 86
11.4.5 Rest Of Asia Pacific 88
11.5 Middle East & Africa 90
11.5.1 Middle East 92
11.5.2 Africa 94
12 Competitive Landscape
12.1 Competitive Landscape 97
13 Company Profiles
13.1 Abb Ltd. 100
13.1.1 Company Overview 100
13.1.2 Financial Overview 100
13.1.3 Products Offerings 101
13.1.4 Key Developments 102
13.1.5 Swot Analysis 103
13.1.6 Key Strategy 103
13.2 Eaton Corporation Plc 104
13.2.1 Company Overview 104
13.2.2 Financial Overview 104
13.2.3 Products Offerings 105
13.2.4 Key Developments 105
13.2.5 Swot Analysis 105
13.2.6 Key Strategy 106
13.3 Schneider Electric Se 107
13.3.1 Company Overview 107
13.3.2 Financial Overview 107
13.3.3 Products Offerings 108
13.3.4 Key Developments 108
13.3.5 Swot Analysis 109
13.3.6 Key Strategy 109
13.4 Siemens Ag 110
13.4.1 Company Overview 110
13.4.2 Financial Overview 110
13.4.3 Products Offerings 111
13.4.4 Key Developments 111
13.4.5 Swot Analysis 112
13.4.6 Key Strategy 112
13.5 Crompton Greaves Ltd. 113
13.5.1 Company Overview 113
13.5.2 Financial Overview 113
13.5.3 Products Offerings 114
13.5.4 Swot Analysis 115
13.5.5 Key Strategy 115
13.6 Mitsubishi Electric Corporation 116
13.6.1 Company Overview 116
13.6.2 Financial Overview 116
13.6.3 Products Offerings 117
13.6.4 Key Developments 117
13.6.5 Swot Analysis 117
13.6.6 Key Strategy 118
13.7 Toshiba Corporation 119
13.7.1 Company Overview 119
13.7.2 Financial Overview 119
13.7.3 Products Offerings 120
13.7.4 Key Developments 120
13.7.5 Swot Analysis 121
13.7.6 Key Strategy 121
13.8 Bharat Heavy Electricals Limited 122
13.8.1 Company Overview 122
13.8.2 Financial Overview 122
13.8.3 Products Offerings 123
13.8.4 Key Developments 123
13.8.5 Swot Analysis 123
13.8.6 Key Strategy 123
13.9 Hyosung Power & Industrial Solutions 124
13.9.1 Company Overview 124
13.9.2 Financial Overview 124
13.9.3 Products Offerings 124
13.9.4 Swot Analysis 124
13.9.5 Key Strategy 125
13.10 Spx Transformer Solutions, Inc. 126
13.10.1 Company Overview 126
13.10.2 Financial Overview 126
13.10.3 Products Offerings 127
13.10.4 Key Developments 127
13.10.5 Swot Analysis 127
13.10.6 Key Strategy 127
14 Appendix
14.1 References 129
List Of Tables
Table 1 Market Synopsis 14
Table 2 List Of Assumptions 17
Table 3 Global Transformer Market, By Type, 2020-2027 (Usd Million) 37
Table 4 Global Transformer Market, By Power Rating, 2020-2027 (Usd Million) 40
Table 5 Global Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 43
Table 6 Global Transformer Market, By Insulation, 2020-2027 (Usd Million) 46
Table 7 Global Transformer Market, By End-user, 2020-2027 (Usd Million) 50
Table 8 Global Transformer Market, By Region, 2020-2027 (Usd Million) 53
Table 9 Americas: Transformer Market, By Country, 2020-2027 (Usd Million) 54
Table 10 Americas: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 55
Table 11 Americas: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 55
Table 12 Americas: Transformer Market, By Type, 2020-2027 (Usd Million) 55
Table 13 Americas: Transformer Market, By Insulation, 2020-2027 (Usd Million) 56
Table 14 Americas: Transformer Market, By End-user, 2020-2027 (Usd Million) 56
Table 15 U.S.: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 56
Table 16 U.S.: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 57
Table 17 U.S.: Transformer Market, By Type, 2020-2027 (Usd Million) 57
Table 18 U.S.: Transformer Market, By Insulation, 2020-2027 (Usd Million) 57
Table 19 U.S.: Transformer Market, By End-user, 2020-2027 (Usd Million) 58
Table 20 Canada: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 58
Table 21 Canada: Transformer Market, By Type, 2020-2027 (Usd Million) 59
Table 22 Canada: Transformer Market, By Insulation, 2020-2027 (Usd Million) 59
Table 23 Canada: Transformer Market, By End-user, 2020-2027 (Usd Million) 59
Table 24 Brazil: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 60
Table 25 Brazil: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 60
Table 26 Brazil: Transformer Market, By Type, 2020-2027 (Usd Million) 60
Table 27 Brazil: Transformer Market, By Insulation, 2020-2027 (Usd Million) 61
Table 28 Brazil: Transformer Market, By End-user, 2020-2027 (Usd Million) 61
Table 29 Argentina: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 62
Table 30 Argentina: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 62
Table 31 Argentina: Transformer Market, By Type, 2020-2027 (Usd Million) 62
Table 32 Argentina: Transformer Market, By Insulation, 2020-2027 (Usd Million) 63
Table 33 Argentina: Transformer Market, By End-user, 2020-2027 (Usd Million) 63
Table 34 Rest Of Americas: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 63
Table 35 Rest Of Americas: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 64
Table 36 Rest Of Americas: Transformer Market, By Type, 2020-2027 (Usd Million) 64
Table 37 Rest Of Americas: Transformer Market, By Insulation, 2020-2027 (Usd Million) 64
Table 38 Rest Of Americas: Transformer Market, By End-user, 2020-2027 (Usd Million) 65
Table 39 Europe Transformer Market, By Region, 2020-2027 (Usd Million) 66
Table 40 Europe: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 66
Table 41 Europe: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 66
Table 42 Europe: Transformer Market, By Type, 2020-2027 (Usd Million) 67
Table 43 Europe: Transformer Market, By Insulation, 2020-2027 (Usd Million) 67
Table 44 Europe: Transformer Market, By End-user, 2020-2027 (Usd Million) 67
Table 45 Germany: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 68
Table 46 Germany: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 68
Table 47 Germany: Transformer Market, By Type, 2020-2027 (Usd Million) 68
Table 48 Germany: Transformer Market, By Insulation, 2020-2027 (Usd Million) 69
Table 49 Germany: Transformer Market, By End-user, 2020-2027 (Usd Million) 69
Table 50 U.K.: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 70
Table 51 U.K.: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 70
Table 52 U.K.: Transformer Market, By Type, 2020-2027 (Usd Million) 70
Table 53 U.K.: Transformer Market, By Insulation, 2020-2027 (Usd Million) 71
Table 54 U.K.: Transformer Market, By End-user, 2020-2027 (Usd Million) 71
Table 55 Russia: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 72
Table 56 Russia: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 72
Table 57 Russia: Transformer Market, By Type, 2020-2027 (Usd Million) 72
Table 58 Russia: Transformer Market, By Insulation, 2020-2027 (Usd Million) 73
Table 59 Russia: Transformer Market, By End-user, 2020-2027 (Usd Million) 73
Table 60 France: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 74
Table 61 France: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 74
Table 62 France: Transformer Market, By Type, 2020-2027 (Usd Million) 74
Table 63 France: Transformer Market, By Insulation, 2020-2027 (Usd Million) 75
Table 64 France: Transformer Market, By End-user, 2020-2027 (Usd Million) 75
Table 65 Rest Of Europe: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 75
Table 66 Rest Of Europe: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 76
Table 67 Rest Of Europe: Transformer Market, By Type, 2020-2027 (Usd Million) 76
Table 68 Rest Of Europe: Transformer Market, By Insulation, 2020-2027 (Usd Million) 76
Table 69 Rest Of Europe: Transformer Market, By End-user, 2020-2027 (Usd Million) 77
Table 70 Asia Pacific Transformer Market, By Region, 2020-2027 (Usd Million) 78
Table 71 Asia Pacific: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 79
Table 72 Asia Pacific: Transformer Market, By Type, 2020-2027 (Usd Million) 79
Table 73 Asia Pacific: Transformer Market, By Insulation, 2020-2027 (Usd Million) 80
Table 74 Asia Pacific: Transformer Market, By End-user, 2020-2027 (Usd Million) 80
Table 75 China: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 80
Table 76 China: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 81
Table 77 China: Transformer Market, By Type, 2020-2027 (Usd Million) 81
Table 78 China: Transformer Market, By Insulation, 2020-2027 (Usd Million) 81
Table 79 China: Transformer Market, By End-user, 2020-2027 (Usd Million) 82
Table 80 India: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 82
Table 81 India: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 82
Table 82 India: Transformer Market, By Type, 2020-2027 (Usd Million) 83
Table 83 India: Transformer Market, By Insulation, 2020-2027 (Usd Million) 83
Table 84 India: Transformer Market, By End-user, 2020-2027 (Usd Million) 83
Table 85 Japan: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 84
Table 86 Japan: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 84
Table 87 Japan: Transformer Market, By Type, 2020-2027 (Usd Million) 85
Table 88 Japan: Transformer Market, By Insulation, 2020-2027 (Usd Million) 85
Table 89 Japan: Transformer Market, By End-user, 2020-2027 (Usd Million) 85
Table 90 Australia: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 86
Table 91 Australia: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 86
Table 92 Australia: Transformer Market, By Type, 2020-2027 (Usd Million) 87
Table 93 Australia: Transformer Market, By Insulation, 2020-2027 (Usd Million) 87
Table 94 Australia: Transformer Market, By End-user, 2020-2027 (Usd Million) 87
Table 95 Rest Of Asia Pacific: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 88
Table 96 Rest Of Asia Pacific: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 88
Table 97 Rest Of Asia Pacific: Transformer Market, By Type, 2020-2027 (Usd Million) 88
Table 98 Rest Of Asia Pacific: Transformer Market, By Insulation, 2020-2027 (Usd Million) 89
Table 99 Rest Of Asia Pacific: Transformer Market, By End-user, 2020-2027 (Usd Million) 89
Table 100 Middle East & Africa Transformer Market, By Region, 2020-2027 (Usd Million) 90
Table 101 Middle East & Africa: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 90
Table 102 Middle East & Africa: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 91
Table 103 Middle East & Africa: Transformer Market, By Type, 2020-2027 (Usd Million) 91
Table 104 Middle East & Africa: Transformer Market, By Insulation, 2020-2027 (Usd Million) 91
Table 105 Middle East & Africa: Transformer Market, By End-user, 2020-2027 (Usd Million) 92
Table 106 Middle East: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 92
Table 107 Middle East: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 92
Table 108 Middle East: Transformer Market, By Type, 2020-2027 (Usd Million) 93
Table 109 Middle East: Transformer Market, By Insulation, 2020-2027 (Usd Million) 93
Table 110 Middle East: Transformer Market, By End-user, 2020-2027 (Usd Million) 93
Table 111 Africa: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 94
Table 112 Africa: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 94
Table 113 Africa: Transformer Market, By Type, 2020-2027 (Usd Million) 95
Table 114 Africa: Transformer Market, By Insulation, 2020-2027 (Usd Million) 95
Table 115 Africa: Transformer Market, By End-user, 2020-2027 (Usd Million) 95
List Of Figures
Figure 1 Global Transformer Market: Market Structure 18
Figure 2 Research Process Of Mrfr 20
Figure 3 Top Down & Bottom Up Approach 23
Figure 4 Drivers, Restraints, And Opportunity Of Global Transformer Market 25
Figure 5 Global Renewable Installed Capacity In (Tw) 26
Figure 6 Drivers Impact Analysis: Transformer Market 27
Figure 7 Restraints Impact Analysis: Abc Market 29
Figure 8 Value Chain: Transformer Market 31
Figure 10 Global Transformer Market, By Type, 2020 (% Share) 36
Figure 11 Global Transformer Market, By Type, 2020 To 2027 (Usd Million) 36
Figure 12 Global Transformer Market, By Power Rating, 2020 (% Share) 39
Figure 13 Global Transformer Market, By Power Rating, 2020 To 2027 (Usd Million) 40
Figure 14 Global Transformer Market, By Cooling Type, 2020 (% Share) 42
Figure 15 Global Transformer Market, By Cooling Type, 2020 To 2027 (Usd Million) 43
Figure 16 Global Transformer Market, By Insulation, 2020 (% Share) 45
Figure 17 Global Transformer Market, By Insulation, 2020 To 2027 (Usd Million) 46
Figure 18 Global Transformer Market, By End-user, 2020 (% Share) 49
Figure 19 Global Transformer Market, By End-user, 2020 To 2027 (Usd Million) 49
Figure 20 Global Transformer Market, By Region, 2020 (% Share) 52
Figure 21 Global Transformer Market, By Region, 2020 To 2027 (Usd Million) 52
Figure 22 Americas: Transformer Market Share, By Country, 2020 (% Share) 54
Figure 23 Canada: Transformer Market, By Power Rating, 2020-2027 (Usd Million) 58
Figure 24 Europe: Transformer Market Share, By Country, 2020 (% Share) 65
Figure 25 Asia Pacific: Transformer Market Share, By Country, 2020 (% Share) 78
Figure 26 Asia Pacific: Transformer Market, By Cooling Type, 2020-2027 (Usd Million) 79
Figure 27 Middle East & Africa: Transformer Market Share, By Country, 2020 (% Share) 90
Figure 28 Benchmarking Of Major Competitors 97
Figure 29 Major Manufacturer Market Share Analysis, 2020 98

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