Transformer Market (Type: Power Transformers, Distribution Transformers, Instrument Transformers, Electronic Transformers, and Others; and Cooling: Dry Type and Oil-immersed) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Transformer Market (Type: Power Transformers, Distribution Transformers, Instrument Transformers, Electronic Transformers, and Others; and Cooling: Dry Type and Oil-immersed) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Transformer Market – Scope of Report

TMR’s report on the global transformer market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global transformer market for the period 2017–2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global transformer market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the transformer market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global transformer market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global transformer market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global transformer market.

The report delves into the competitive landscape of the global transformer market. Key players operating in the global transformer market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global transformer market profiled in this report.

RESEARCH METHODOLOGY

The research methodology will be a combination of exhaustive primary and secondary research to analyze the market transformer.

Secondary Research

Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that we typically refer, but are not limited to:

Company websites, presentations, annual reports, white papers, technical paper, product brochure
Internal and external proprietary databases and relevant patents
National government documents, statistical databases, and market reports
News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

Industry Sources:
WorldWideScience.org
Elsevier, Inc.
National Institutes of Health (NIH)
PubMed
NCBI
Department of Health Care Service
Trade Data Sources
Trade Map
UN Comtrade
Trade Atlas
Company Information
OneSource Business Browser
Hoover’s
Factiva
Bloomberg
Mergers & Acquisitions
Thomson Mergers & Acquisitions
MergerStat
Profound

Primary Research

During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.

We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening secondary research findings
Further develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically take part in such a process include, but are not limited to:

Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
Purchasing/Sourcing managers, technical personnel, distributors
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry verticals

List of primary participants, but not limited to:

Advanced Oncotherapy PLC
Danfysik A/S
Hitachi, Ltd.
IBA Worldwide
Mevion Medical Systems, Inc.

Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “TMR Knowledge Repository”, which is updated every quarter.

Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Healthcare expenditure, inflation rates, and others
Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.


1. Preface
1.1. Market Introduction
1.2. Market and Segments Definition
1.3. Market Taxonomy
1.4. Research Methodology
1.5. Assumption and Acronyms
2. Executive Summary
2.1. Global Transformer Market Overview
2.2. Regional Outline
2.3. Industry Outline
2.4. Market Dynamics Snapshot
2.5. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Drivers
3.3. Restraints
3.4. Opportunities
3.5. Key Trends
3.6. Regulatory Scenario
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview – Global Power Industry Overview
4.2. Supply Chain Analysis
4.3. Pricing Trend Analysis
4.4. Technology Roadmap Analysis
4.5. Industry SWOT Analysis
4.6. Porter Five Forces Analysis
4.7. Covid-19 Impact and Recovery Analysis
5. Transformer Market Analysis By Type
5.1. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2017–2031
5.1.1. Power Transformers
5.1.2. Distribution Transformers
5.1.3. Instrument Transformers
5.1.4. Electronic Transformers
5.1.5. Others (Traction Transformers, Variable-frequency Drive Transformers, etc.)
5.2. Market Attractiveness Analysis, By Type
6. Transformer Market Analysis By Voltage Range
6.1. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Voltage Range, 2017–2031
6.1.1. Upto 250 VA
6.1.2. 251 to 500 VA
6.1.3. 501 to 1KVA
6.1.4. 1 KVA to 500 KVA
6.1.5. 500 KVA to 2500 KVA
6.1.6. Above 2500 KVA
6.2. Market Attractiveness Analysis, By Voltage Range
7. Transformer Market Analysis By Cooling
7.1. Transformer Market Size (US$ Mn) Analysis & Forecast, By Cooling, 2017–2031
7.1.1. Dry Type
7.1.2. Oil-immersed
7.2. Market Attractiveness Analysis, By Cooling
8. Transformer Market Analysis By Phase
8.1. Transformer Market Size (US$ Mn) Analysis & Forecast, By Phase, 2017–2031
8.1.1. Single-phase
8.1.2. Three-phase
8.2. Market Attractiveness Analysis, By Phase
9. Transformer Market Analysis By Application
9.1. Transformer Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031
9.1.1. Residential
9.1.2. Commercial
9.1.3. Industrial
9.1.3.1. Automotive & Transportation
9.1.3.2. Oil & Gas
9.1.3.3. Aerospace & Defense
9.1.3.4. Metal & Mining
9.1.3.5. IT & Telecommunication
9.1.3.6. Chemicals
9.1.3.7. Others (Textile, Food & Beverages, Pharmaceutical, etc.)
9.2. Market Attractiveness Analysis, By Application
10. Transformer Market Analysis and Forecast, By Region
10.1. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Region, 2017–2031
10.1.1. North America
10.1.2. Europe
10.1.3. Asia Pacific
10.1.4. Middle East & Africa
10.1.5. South America
10.2. Market Attractiveness Analysis, By Region
11. North America Transformer Market Analysis and Forecast
11.1. Market Snapshot
11.2. Drivers and Restraints: Impact Analysis
11.3. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2017–2031
11.3.1. Power Transformers
11.3.2. Distribution Transformers
11.3.3. Instrument Transformers
11.3.4. Electronic Transformers
11.3.5. Others (Traction Transformers, Variable-frequency Drive Transformers, etc.)
11.4. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Voltage Range, 2017–2031
11.4.1. Upto 250 VA
11.4.2. 251 to 500 VA
11.4.3. 501 to 1KVA
11.4.4. 1 KVA to 500 KVA
11.4.5. 500 KVA to 2500 KVA
11.4.6. Above 2500 KVA
11.5. Transformer Market Size (US$ Mn) Analysis & Forecast, By Cooling, 2017–2031
11.5.1. Dry Type
11.5.2. Oil-immersed
11.6. Transformer Market Size (US$ Mn) Analysis & Forecast, By Phase, 2017–2031
11.6.1. Single-phase
11.6.2. Three-phase
11.7. Transformer Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031
11.7.1. Residential
11.7.2. Commercial
11.7.3. Industrial
11.7.3.1. Automotive & Transportation
11.7.3.2. Oil & Gas
11.7.3.3. Aerospace & Defense
11.7.3.4. Metal & Mining
11.7.3.5. IT & Telecommunication
11.7.3.6. Chemicals
11.7.3.7. Others (Textile, Food & Beverages, Pharmaceutical, etc.)
11.8. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
11.8.1. The U.S.
11.8.2. Canada
11.8.3. Rest of North America
11.9. Market Attractiveness Analysis
11.9.1. By Type
11.9.2. By Voltage Range
11.9.3. By Cooling
11.9.4. By Phase
11.9.5. By Application
11.9.6. By Country/Sub-region
12. Europe Transformer Market Analysis and Forecast
12.1. Market Snapshot
12.2. Drivers and Restraints: Impact Analysis
12.3. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2017–2031
12.3.1. Power Transformers
12.3.2. Distribution Transformers
12.3.3. Instrument Transformers
12.3.4. Electronic Transformers
12.3.5. Others (Traction Transformers, Variable-frequency Drive Transformers, etc.)
12.4. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Voltage Range, 2017–2031
12.4.1. Upto 250 VA
12.4.2. 251 to 500 VA
12.4.3. 501 to 1KVA
12.4.4. 1 KVA to 500 KVA
12.4.5. 500 KVA to 2500 KVA
12.4.6. Above 2500 KVA
12.5. Transformer Market Size (US$ Mn) Analysis & Forecast, By Cooling, 2017–2031
12.5.1. Dry Type
12.5.2. Oil-immersed
12.6. Transformer Market Size (US$ Mn) Analysis & Forecast, By Phase, 2017–2031
12.6.1. Single-phase
12.6.2. Three-phase
12.7. Transformer Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031
12.7.1. Residential
12.7.2. Commercial
12.7.3. Industrial
12.7.3.1. Automotive & Transportation
12.7.3.2. Oil & Gas
12.7.3.3. Aerospace & Defense
12.7.3.4. Metal & Mining
12.7.3.5. IT & Telecommunication
12.7.3.6. Chemicals
12.7.3.7. Others (Textile, Food & Beverages, Pharmaceutical, etc.)
12.8. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
12.8.1. The U.K.
12.8.2. Germany
12.8.3. France
12.8.4. Rest of Europe
12.9. Market Attractiveness Analysis
12.9.1. By Type
12.9.2. By Voltage Range
12.9.3. By Cooling
12.9.4. By Phase
12.9.5. By Application
12.9.6. By Country/Sub-region
13. Asia Pacific Transformer Market Analysis and Forecast
13.1. Market Snapshot
13.2. Drivers and Restraints: Impact Analysis
13.3. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2017–2031
13.3.1. Power Transformers
13.3.2. Distribution Transformers
13.3.3. Instrument Transformers
13.3.4. Electronic Transformers
13.3.5. Others (Traction Transformers, Variable-frequency Drive Transformers, etc.)
13.4. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Voltage Range, 2017–2031
13.4.1. Upto 250 VA
13.4.2. 251 to 500 VA
13.4.3. 501 to 1KVA
13.4.4. 1 KVA to 500 KVA
13.4.5. 500 KVA to 2500 KVA
13.4.6. Above 2500 KVA
13.5. Transformer Market Size (US$ Mn) Analysis & Forecast, By Cooling, 2017–2031
13.5.1. Dry Type
13.5.2. Oil-immersed
13.6. Transformer Market Size (US$ Mn) Analysis & Forecast, By Phase, 2017–2031
13.6.1. Single-phase
13.6.2. Three-phase
13.7. Transformer Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031
13.7.1. Residential
13.7.2. Commercial
13.7.3. Industrial
13.7.3.1. Automotive & Transportation
13.7.3.2. Oil & Gas
13.7.3.3. Aerospace & Defense
13.7.3.4. Metal & Mining
13.7.3.5. IT & Telecommunication
13.7.3.6. Chemicals
13.7.3.7. Others (Textile, Food & Beverages, Pharmaceutical, etc.)
13.8. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
13.8.1. China
13.8.2. Japan
13.8.3. India
13.8.4. South Korea
13.8.5. ASEAN
13.8.6. Rest of Asia Pacific
13.9. Market Attractiveness Analysis
13.9.1. By Type
13.9.2. By Voltage Range
13.9.3. By Cooling
13.9.4. By Phase
13.9.5. By Application
13.9.6. By Country/Sub-region
14. Middle East and Africa Transformer Market Analysis and Forecast
14.1. Market Snapshot
14.2. Drivers and Restraints: Impact Analysis
14.3. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2017–2031
14.3.1. Power Transformers
14.3.2. Distribution Transformers
14.3.3. Instrument Transformers
14.3.4. Electronic Transformers
14.3.5. Others (Traction Transformers, Variable-frequency Drive Transformers, etc.)
14.4. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Voltage Range, 2017–2031
14.4.1. Upto 250 VA
14.4.2. 251 to 500 VA
14.4.3. 501 to 1KVA
14.4.4. 1 KVA to 500 KVA
14.4.5. 500 KVA to 2500 KVA
14.4.6. Above 2500 KVA
14.5. Transformer Market Size (US$ Mn) Analysis & Forecast, By Cooling, 2017–2031
14.5.1. Dry Type
14.5.2. Oil-immersed
14.6. Transformer Market Size (US$ Mn) Analysis & Forecast, By Phase, 2017–2031
14.6.1. Single-phase
14.6.2. Three-phase
14.7. Transformer Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031
14.7.1. Residential
14.7.2. Commercial
14.7.3. Industrial
14.7.3.1. Automotive & Transportation
14.7.3.2. Oil & Gas
14.7.3.3. Aerospace & Defense
14.7.3.4. Metal & Mining
14.7.3.5. IT & Telecommunication
14.7.3.6. Chemicals
14.7.3.7. Others (Textile, Food & Beverages, Pharmaceutical, etc.)
14.8. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
14.8.1. GCC
14.8.2. South Africa
14.8.3. Rest of Middle East and Africa
14.9. Market Attractiveness Analysis
14.9.1. By Type
14.9.2. By Voltage Range
14.9.3. By Cooling
14.9.4. By Phase
14.9.5. By Application
14.9.6. By Country/Sub-region
15. South America Transformer Market Analysis and Forecast
15.1. Market Snapshot
15.2. Drivers and Restraints: Impact Analysis
15.3. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2017–2031
15.3.1. Power Transformers
15.3.2. Distribution Transformers
15.3.3. Instrument Transformers
15.3.4. Electronic Transformers
15.3.5. Others (Traction Transformers, Variable-frequency Drive Transformers, etc.)
15.4. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Voltage Range, 2017–2031
15.4.1. Upto 250 VA
15.4.2. 251 to 500 VA
15.4.3. 501 to 1KVA
15.4.4. 1 KVA to 500 KVA
15.4.5. 500 KVA to 2500 KVA
15.4.6. Above 2500 KVA
15.5. Transformer Market Size (US$ Mn) Analysis & Forecast, By Cooling, 2017–2031
15.5.1. Dry Type
15.5.2. Oil-immersed
15.6. Transformer Market Size (US$ Mn) Analysis & Forecast, By Phase, 2017–2031
15.6.1. Single-phase
15.6.2. Three-phase
15.7. Transformer Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031
15.7.1. Residential
15.7.2. Commercial
15.7.3. Industrial
15.7.3.1. Automotive & Transportation
15.7.3.2. Oil & Gas
15.7.3.3. Aerospace & Defense
15.7.3.4. Metal & Mining
15.7.3.5. IT & Telecommunication
15.7.3.6. Chemicals
15.7.3.7. Others (Textile, Food & Beverages, Pharmaceutical, etc.)
15.8. Transformer Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
15.8.1. Brazil
15.8.2. Rest of South America
15.9. Market Attractiveness Analysis
15.9.1. By Type
15.9.2. By Voltage Range
15.9.3. By Cooling
15.9.4. By Phase
15.9.5. By Application
15.9.6. By Country/Sub-region
16. Competition Assessment
16.1. Global Transformer Market Competition Matrix - a Dashboard View
16.1.1. Global Transformer Market Company Share Analysis, by Value (2021)
16.1.2. Technological Differentiator
17. Company Profiles (Global Manufacturers/Suppliers)
17.1. ABC Transformers
17.1.1. Overview
17.1.2. Product Portfolio
17.1.3. Sales Footprint
17.1.4. Key Subsidiaries or Distributors
17.1.5. Strategy and Recent Developments
17.1.6. Key Financials
17.2. GE
17.2.1. Overview
17.2.2. Product Portfolio
17.2.3. Sales Footprint
17.2.4. Key Subsidiaries or Distributors
17.2.5. Strategy and Recent Developments
17.2.6. Key Financials
17.3. GTB Group
17.3.1. Overview
17.3.2. Product Portfolio
17.3.3. Sales Footprint
17.3.4. Key Subsidiaries or Distributors
17.3.5. Strategy and Recent Developments
17.3.6. Key Financials
17.4. Hitachi Energy Ltd.
17.4.1. Overview
17.4.2. Product Portfolio
17.4.3. Sales Footprint
17.4.4. Key Subsidiaries or Distributors
17.4.5. Strategy and Recent Developments
17.4.6. Key Financials
17.5. Hyundai Electric & Energy Systems Co., Ltd.
17.5.1. Overview
17.5.2. Product Portfolio
17.5.3. Sales Footprint
17.5.4. Key Subsidiaries or Distributors
17.5.5. Strategy and Recent Developments
17.5.6. Key Financials
17.6. Kirloskar Electric Company
17.6.1. Overview
17.6.2. Product Portfolio
17.6.3. Sales Footprint
17.6.4. Key Subsidiaries or Distributors
17.6.5. Strategy and Recent Developments
17.6.6. Key Financials
17.7. MGM Transformer Company
17.7.1. Overview
17.7.2. Product Portfolio
17.7.3. Sales Footprint
17.7.4. Key Subsidiaries or Distributors
17.7.5. Strategy and Recent Developments
17.7.6. Key Financials
17.8. Mitsubishi Electric Corporation
17.8.1. Overview
17.8.2. Product Portfolio
17.8.3. Sales Footprint
17.8.4. Key Subsidiaries or Distributors
17.8.5. Strategy and Recent Developments
17.8.6. Key Financials
17.9. Rockwell Automation, Inc.
17.9.1. Overview
17.9.2. Product Portfolio
17.9.3. Sales Footprint
17.9.4. Key Subsidiaries or Distributors
17.9.5. Strategy and Recent Developments
17.9.6. Key Financials
17.10. Schneider Electric
17.10.1. Overview
17.10.2. Product Portfolio
17.10.3. Sales Footprint
17.10.4. Key Subsidiaries or Distributors
17.10.5. Strategy and Recent Developments
17.10.6. Key Financials
17.11. Siemens Energy
17.11.1. Overview
17.11.2. Product Portfolio
17.11.3. Sales Footprint
17.11.4. Key Subsidiaries or Distributors
17.11.5. Strategy and Recent Developments
17.11.6. Key Financials
17.12. TAMURA Corporation
17.12.1. Overview
17.12.2. Product Portfolio
17.12.3. Sales Footprint
17.12.4. Key Subsidiaries or Distributors
17.12.5. Strategy and Recent Developments
17.12.6. Key Financials
17.13. TDK Corporation
17.13.1. Overview
17.13.2. Product Portfolio
17.13.3. Sales Footprint
17.13.4. Key Subsidiaries or Distributors
17.13.5. Strategy and Recent Developments
17.13.6. Key Financials
17.14. Toshiba Energy Systems & Solutions Corporation
17.14.1. Overview
17.14.2. Product Portfolio
17.14.3. Sales Footprint
17.14.4. Key Subsidiaries or Distributors
17.14.5. Strategy and Recent Developments
17.14.6. Key Financials
18. Recommendation
18.1. Opportunity Assessment
18.1.1. By Type
18.1.2. By Voltage Range
18.1.3. By Cooling
18.1.4. By Phase
18.1.5. By Application
18.1.6. By Region

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