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Global Power Transformer Market Report Size, Trends & Growth Opportunity, By Core (Closed, Shell, Berry), By Insulation (Gas, Oil, Solid, Air, Other), By Phase (Single, Three), By Rating (100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA), By Application (Residential & Commercial, Utilities, Industrial) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2030.


Report ID : IR1002001 | Industries : Energy & Power | Published On :June 2024 | Page Count : 237

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  • Global Power Transformer Market Report Size, Trends & Growth Opportunity, By Core (Closed, Shell, Berry), By Insulation (Gas, Oil, Solid, Air, Other), By Phase (Single, Three), By Rating (100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA), By Application (Residential & Commercial, Utilities, Industrial) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2030.
    Global Power Transformer Market

    The Global Power Transformer Market is predicted to rise from its estimated value of USD 21.88 billion in 2022 to USD 38.65 billion by 2030, at a CAGR of 6.15 % from 2023 to 2030.
    A specific type of transformer called a power transformer is used primarily to transport low voltage generating electricity through distribution lines inside the power grid network. It is an essential component of the electrical grid and aids in the frequency-invariant transmission of power from one network to the next. Low-voltage electricity generation is economical, yet it results in high line current. Transmission of high current causes more line losses. Yet, increasing the voltage of the incoming power enables efficient power transfer. Thus, a power transformer is mostly used to raise the voltage. Hence, power transformers are essential for the transfer of power.
    Market Drivers

    The power transformer sector will be driven over the evaluation period by expanded transmission network research and the quick adoption of unconventional and renewable energy sources for generating electricity in remote areas.  Smart grids can be accessed and monitored remotely, and they can adapt to changes in electricity demand quickly. Furthermore, they ensure efficient cooling and power delivery, lowering carbon emissions. The growth of the worldwide power transformer market will be aided by the creation of green transformers, high voltage transmission technologies, and strict government restrictions targeted at lowering greenhouse gas emissions throughout the projected period.

    Market Restraints

    The production of power transformers takes a long time, there is a shortage of high-quality steel, and it is expensive to create the infrastructure necessary for stable and dependable transformer operation. These factors will limit the growth of the power transformer sector.

    Market Segmentation
     
    The Global Power Transformer Market is segmented into Core (Closed, Shell, Berry), Insulation (Gas, Oil, Solid, Air, Other), Phase (Single, Three), Rating (100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA), Application (Residential & Commercial, Utilities, Industrial) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).
     
    Regional Analysis
    Over the anticipated timeframe, the Asia-Pacific area is anticipated to expand. The region's population growth is facilitating regional growth, which is facilitated by rapid economic development and an increased need for uninterrupted and reliable power supply. China is investing in the expansion of its current electrical transmission and distribution system to meet the country's growing need for electricity as a result of its rapid industrialization and urbanisation.
    The nation's rising need for power transformers is a result of increased industry, infrastructure improvement, and construction work.  Rising energy demand and a growing emphasis on the production of renewable electric power are the two main factors driving market expansion in the country. A lucrative market for power transformer producers, Asia Pacific continues to be one of the world's top energy producers.
    Key Players

    The Key Players in the Global Power Transformer Market are Bharat Heavy Electricals Limited, ABB Ltd, Hyundai Heavy Industries Co. Ltd., Siemens Energy, Alstom SA, Mitsubishi Electric Corporation, GE Co., Toshiba Corp., Hyosung Power & Industrial Systems Performance Group, and Crompton Greaves Ltd.

    Market Taxonomy

    Core

    •        Closed 
    •        Shell
    •        Berry

    Insulation

    •        Gas
    •        Oil
    •        Solid
    •        Air
    •        Other

    Phase

    •        Single
    •        Three

    Rating

    •        100 MVA to 500 MVA
    •        501 MVA to 800 MVA
    •        801 MVA to 1200 MVA 

    Applications

    •        Residential & Commercial
    •        Utilities
    •        Industrial 

    Regional Outlook 

    •        North America
    •        Europe
    •        Asia Pacific
    •        Latin America
    •        Middle East and South Africa


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    Global Power Transformer Market 
    1 Introduction
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Power Transformer Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn 
    4.2.6 Post covid-19 world Supply& Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Power Transformer Market, By Core 
    5.1 Y-o-Y Growth Comparison, By Core  
    5.2 Global Power Transformer Market Share Analysis, By Core  
    5.3 Global Power Transformer Market Size and Forecast, By Core 
    5.3.1. Closed
    5.3.2 Shell
    5.3.3 Berry
    6 Global Power Transformer Market, By Insulation
    6.1 Y-o-Y Growth Comparison, By Insulation
    6.2 Global Power Transformer Market Share Analysis, By Insulation
    6.3 Global Power Transformer Market Size and Forecast, By Insulation
    6.3.1 Gas 
    6.3.2 Oil  
    6.3.3 Solid 
    6.3.4 Air 
    6.3.5 Other
    7 Global Power Transformer Market, By Phase
    7.1 Y-o-Y Growth Comparison, By Phase
    7.2 Global Power Transformer Market Share Analysis, By Phase
    7.3 Global Power Transformer Market Size and Forecast, By Phase
    7.3.1 Single 
    7.3.2 Three
    8 Global Power Transformer Market, By Rating
    8.1 Y-o-Y Growth Comparison, By Rating
    8.2 Global Power Transformer Market Share Analysis, By Rating
    8.3 Global Power Transformer Market Size and Forecast, By Rating
    8.3.1 100 MVA to 500 MVA 
    8.3.2 501 MVA to 800 MVA
    8.3.3 801 MVA to 1200 MVA 
    9 Global Power Transformer Market, By Application
    9.1 Y-o-Y Growth Comparison, By Application
    9.2 Global Power Transformer Market Share Analysis, By Application
    9.3 Global Power Transformer Market Size and Forecast, By Application
    9.3.1 Residential & Commercial 
    9.3.2 Utilities 
    9.3.3 Industrial 
    10 Global Power Transformer Market, By Region
    10.1 Global Power Transformer Market Share Analysis, By Region
    10.2 Global Power Transformer Market Share Analysis, By Region
    10.3 Global Power Transformer Market Size and Forecast, By Region
    11 North America Power Transformer Analysis and Forecast (2023 -2030)
    11.1 Introduction
    11.2 North America Power Transformer Market Share Analysis, By Core 
    11.3 North America Power Transformer Market Size and Forecast, By Insulation
    11.4 North America Power Transformer Market Size and Forecast, By Phase
    11.5 North America Power Transformer Market Size and Forecast, By Rating
    11.5 North America Power Transformer Market Size and Forecast, By Application
    11.6 North America Power Transformer Market Size and Forecast, By Country
    11.6.1 U.S.
    11.6.2 Canada
    11.6.3 Mexico
    12 Europe Power Transformer Market Analysis and Forecast (2023 -2030)
    12.1 Introduction
    12.2 Europe Power Transformer Market Share Analysis, By Core  
    12.3 Europe Power Transformer Market Size and Forecast, By Insulation 
    12.4 Europe Power Transformer Market Size and Forecast, By Phase
    12.5 Europe Power Transformer Market Size and Forecast, By Rating
    12.6 Europe Power Transformer Market Size and Forecast, By Application
    12.7.  Europe Power Transformer Market Size and Forecast, By Country
    12.7.1 Germany
    12.7.2 France
    12.7.3 UK
    12.7.4. Rest of Europe
    13 Asia Pacific Power Transformer Market Analysis and Forecast (2023 -2030)
    13.1 Introduction
    13.2 Asia Pacific Power Transformer Market Share Analysis, By Core  
    13.3 Asia Pacific Power Transformer Market Size and Forecast, By Insulation  
    13.4 Asia Pacific Power Transformer Market Size and Forecast, By Phase
    13.5 Asia Pacific Power Transformer Market Size and Forecast, By Rating
    13.6 Asia Pacific Power Transformer Market Size and Forecast, By Application
    13.7 Asia Pacific Power Transformer Market Size and Forecast, By Country
    13.7.1 China
    13.7.2 Japan
    13.7.3 India
    13.7.4. Rest of Asia Pacific
    14 Latin America Power Transformer Market Analysis and Forecast (2023 -2030)
    14.1 Introduction
    14.2 Latin America Power Transformer Market Share Analysis, By Core  
    14.3 Latin America Power Transformer Market Size and Forecast, By Insulation 
    14.4 Latin America Power Transformer Market Size and Forecast, By Phase
    14.5 Latin America Power Transformer Market Size and Forecast, By Rating
    14.6 Latin America Power Transformer Market Size and Forecast, By Application
    14.7 Latin America Power Transformer Market Size and Forecast, By Country
    14.7.1. Brazil
    14.7.2. Rest of Latin America
    15 Middle East Power Transformer Market Analysis and Forecast (2023 -2030)
    15.1 Introduction
    15.2 Middle East Power Transformer Market Share Analysis, By Core  
    15.3 Middle East Power Transformer Market Size and Forecast, By Insulation 
    15.4 Middle East Power Transformer Market Size and Forecast, By Phase
    15.5 Middle East Power Transformer Market Size and Forecast, By Rating
    15.6 Middle East Power Transformer Market Size and Forecast, By Application
    15.7 Middle East Power Transformer Market Size and Forecast, By Country
    15.7.1. Saudi Arabia
    15.7.2. UAE
    15.7.3. Egypt
    15.7.4 Kuwait
    15.7.5. South Africa
    16 Competitive Analysis
    16.1 Competition Dashboard
    16.2 Market share Analysis of Top Vendors
    16.3 Key Development Strategies
    17 Company Profiles
    17.1 Bharat Heavy Electricals Limited
    17.1.1 Overview
    17.1.2 Offerings
    17.1.3 Key Financials
    17.1.4 Business Segment & Geographic Overview
    17.1.5 Key Market Developments
    17.1.6 Key Strategies
    17.2 ABB Ltd
    17.2.1 Overview
    17.2.2 Offerings
    17.2.3 Key Financials
    17.2.4 Business Segment & Geographic Overview
    17.2.5 Key Market Developments
    17.2.6 Key Strategies
    17.3 Hyundai Heavy Industries Co. Ltd
    17.3.1 Overview
    17.3.2 Offerings
    17.3.3 Key Financials
    17.3.4 Business Segment & Geographic Overview
    17.3.5 Key Market Developments
    17.3.6 Key Strategies
    17.4 Siemens Energy 
    17.4.1 Overview
    17.4.2 Offerings
    17.4.3 Key Financials
    17.4.4 Business Segment & Geographic Overview
    17.4.5 Key Market Developments
    17.4.6 Key Strategies
    17.5 Alstom SA
    17.5.1 Overview
    17.5.2 Offerings
    17.5.3 Key Financials
    17.5.4 Business Segment & Geographic Overview
    17.5.5 Key Market Developments
    17.5.6 Key Strategies
    17.6 Mitsubishi Electric Corporation
    17.6.1 Overview
    17.6.2 Offerings
    17.6.3 Key Financials
    17.6.4 Business Segment & Geographic Overview
    17.6.5 Key Market Developments
    17.6.6 Key Strategies
    17.7 GE Co
    17.7.1 Overview
    17.7.2 Offerings
    17.7.3 Key Financials
    17.7.4 Business Segment & Geographic Overview
    17.7.5 Key Market Developments
    17.7.6 Key Strategies        
    17.8 Toshiba Corp
    17.8.1 Overview
    17.8.2 Offerings
    17.8.3 Key Financials
    17.8.4 Business Segment & Geographic Overview
    17.8.5 Key Market Developments
    17.8.6 Key Strategies        
    17.9 Hyosung Power & Industrial Systems Performance Group
    17.9.1 Overview
    17.9.2 Offerings
    17.9.3 Key Financials
    17.9.4 Business Segment & Geographic Overview
    17.9.5 Key Market Developments
    17.9.6 Key Strategies        
    17.10 Crompton Greaves Ltd.
    17.10.1 Overview
    17.10.2 Offerings
    17.10.3 Key Financials
    17.10.4 Business Segment & Geographic Overview
    17.10.5 Key Market Developments
    17.10.6 Key Strategies