Global Power Transformer Market: Industry Analysis and Forecast (2021-2027) by Rating, Cooling, and Region

Global Power Transformer Market size was valued at US$ 29.90 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 7.6% through 2021 to 2027, reaching nearly US$ 49.93 Bn.

Global Power Transformer Market Overview:

A power transformer is a passive electrical system that is used to convert electric energy from one multiple electric circuits to another. The market's growth is expected to be aided by increased investments in the energy sector as a result of increased infrastructure development. These transformers are designed to run at full load and have the highest performance. Transmission voltages have increased as a result of decades of research in transmission networks. Power transformers allow low-voltage to high-voltage power to be transmitted. Global Power Transformer Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Global Power Transformer Market Dynamics:

The market scenario is expected to be driven by rising demand for traditional grid infrastructure refurbishment and rising investments in infrastructure spending. Also, the industry outlook is expected to be strengthened by large-scale renewable energy integration and the implementation of electrification initiatives in both developed and emerging economies. Apart from the electricity consumption, other factors driving the global power transformer market growth include an increased emphasis on renewable electric power generation, the implementation of smart grids and smart transformers, and the replacement of existing aged power transformers. Power transformers are an essential component of a power grid. The use of smart grids is expected to increase as people become more aware of CO2 emissions. Smart grids allow for remote control of grid instruments and instant response to fluctuating power demand. Due to their benefits, smart power transformers are becoming more common. Rising electrification rates in emerging economies such as India, Brazil, China, and Russia has resulted in a rise in power generation demand. Furthermore, the need for more substations is highlighted by rising load growth and high transmission and distribution losses. Power demand is expected to rise in the near future in terms of rapid economic growth and an increased need for uninterrupted and reliable power supply in the countries mentioned. As a result, during the forecast period, these factors are expected to propel the global power transformers market forward. Furthermore, the cost of building the supporting infrastructure needed for reliable and long-term transformer service makes power transformers prohibitively expensive. However, with improved supervision methods and the use of better materials, the total cost of transformers can be minimized. Their average life expectancy is increased as a result of this.

Global Power Transformer Market Segment Analysis:

The Global Power Transformer Market is segmented by Rating, and Cooling. Based on the Rating, the market is segmented into Small Power Transformer (Up to 60MVA), Medium Power Transformer (61 - 600MVA), and Large Power Transformer (Above 600MVA). Small Power Transformer (Up to 60MVA) segment is expected to grow rapidly at a CAGR of xx% during the forecast period. Small power transformers are currently the most common segment of the power transformer industry, owing to their wide range of applications. The applications of small power transformers are battery charging, regulating alternating current, steel manufacturing, electrochemical, stopping and starting the flow of electricity, and others. These are the key benefits that drives the growth of this segment in the global market during the forecast period. Large power transformers, on the other hand, are the fastest-growing segment. The use of high voltage transmission technologies such as EHV, UHV, and HVDC has increased as countries focus on minimizing transmission losses. Over the next five years, emerging technological innovations, combined with increasing electricity consumption, are expected to boost industry growth. Demand is expected to rise as a result of large investments in power plant infrastructure and the demand for small power transformers. The medium power transformer segment had the largest market share of 45.85% in 2019 and is expected to rise to 48.45% by 2027, at an annual rate of xx%. The boom in global electrification, primarily by industries that need reliable electric power, is largely responsible for the increase. Global Power Transformer Market 1 Based on the Cooling, the market is segmented into Oil-Cooled, and Air-Cooled. Oil-Cooled power transformer segment is expected to hold the largest market shares of xx% by 2027. In comparison to air-cooled power transformers, the oil-cooled power transformer segment is expected to have a greater market share. This is because oil-cooled power transformers are thought to be safer when dealing with high voltage applications. Oil-cooled power transformers are expected to grow at a faster CAGR during the forecast period due to increased high-voltage transmission network expansion activities. This is the key factor that drives the growth of the Tire & Rubber Industries segment in the global market during the forecast period. Air-Cooled power transformer is expected to grow rapidly at a CAGR of xx% during the forecast period. Due to their secure, reliable, and versatile product applications, air-cooled power transformers would see a significant market penetration during the forecast period. The capacity of these units to be used across offshore wind farms while limiting internal failure effects and avoiding combustibility is expected to boost the product adoption. Global Power Transformer Market 2

Global Power Transformer Market Regional Insights:

Asia Pacific dominates the global Power Transformer market during the forecast period 2021-2027. Asia Pacific is expected to hold the largest market shares of xx% by 2027. This is due to the constant and ongoing penetration of renewable energy sources, as well as increased attention on upgrading aging electrical infrastructure. Furthermore, recent advances in asset health monitoring systems to ensure system security and dependability, as well as increased investments in long-distance T&D network growth, are expected to fuel market dynamics. A strict regulatory framework for grid modernization, in line with endowments, capital allocation, and support mechanisms offered by state-owned utilities, is expected to boost market growth even further. Government efforts to improve existing power infrastructure and capacity in order to satisfy rising electricity demand would boost Japan's power transformer market share. The business picture is expected to be aided by rising electrification rates and increased government support for the installation of new transmission lines. Rapid urbanization and industrialization, as well as an increasing emphasis on renewable-powered electric infrastructure is expected to move the market situation forward. These are the key factor that drives the growth of Asia Pacific region in the global market during the forecast period 2021-2027. Europe is expected to grow rapidly at a CAGR of xx% during the forecast period. This is due to the region's ongoing infrastructure replacement projects. A substantial expansion of the electrical grid is required for Europe to meet its 2020 and 2030 targets. There is a critical need for better and integrated transmission lines that can transmit more power throughout Europe. Furthermore, the transition to renewables necessitates the construction of additional lines and the reorganization of the grid in order to transfer electricity from the point of production to the point of use. Because of various T&D expansion projects and grid interconnection projects between countries, the need for power transformers is rising globally. Between Ethiopia and Kenya, Siemens AG (Germany) is building a USD 450 million high-voltage direct current transmission network. The Ethiopia-Kenya Power Systems Interconnection Project would go for around 1,000 kilometres and will carry hydroelectric power between the two countries. These are the major factor that boost the growth of Europe region in the global market during the forecast period. Global Power Transformer Market 3 The objective of the report is to present a comprehensive analysis of the Global Power Transformer Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Global Power Transformer Market dynamic, structure by analyzing the market segments and project the Global Power Transformer Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Power Transformer Market make the report investor’s guide.

Global Power Transformer Market Scope: Inquire before buying

Global Power Transformer Market 4

Global Power Transformer Market, by Region

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

Global Power Transformer Market Key Players

Siemens • ABB • BHEL • Mitsubishi • Celme • Kirloskar Electric • Schneider • SPX Transformers • Crompton Greaves • Voltamp • Hyundai Heavy Industries • Hammond Power Solutions • Daihen • Toshiba • GE • Hyosung

Frequently Asked Questions:

1] What segments are covered in Power Transformer Market report? Ans. The segments covered in Power Transformer Market report are based on Rating, and Cooling. 2] Which region is expected to hold the highest share in the Global Power Transformer Market? Ans. Asia Pacific is expected to hold the highest share in the Global Power Transformer Market. 3] Who are the top key players in the Global Power Transformer Market? Ans. Siemens, ABB, BHEL, Mitsubishi, Celme, and Kirloskar Electric are the top key players in the Global Power Transformer Market. 4] Which segment holds the largest market share in the Global Power Transformer market by 2027? Ans. Oil-Cooled power transformer segment hold the largest market share in the Global Power Transformer market by 2027. 5] What is the market size of the Global Power Transformer market by 2027? Ans. The market size of the Global Power Transformer market is US $49.93 Bn. by 2027. 6] What was the market size of the Global Power Transformer market in 2020? Ans. The market size of the Global Power Transformer market was worth US $29.90 Bn. in 2020.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Power Transformer Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Power Transformer Market 3.4. Geographical Snapshot of the Power Transformer Market, By Manufacturer share 4. Global Power Transformer Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Power Transformer Market 5. Supply Side and Demand Side Indicators 6. Global Power Transformer Market Analysis and Forecast, 2019-2026 6.1. Global Power Transformer Market Size & Y-o-Y Growth Analysis. 7. Global Power Transformer Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 7.1.1. Small Power Transformer (Up to 60MVA) 7.1.2. Medium Power Transformer (61 - 600MVA) 7.1.3. Large Power Transformer (Above 600MVA) 7.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 7.2.1. Oil-Cooled 7.2.2. Air-Cooled 8. Global Power Transformer Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Power Transformer Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 9.1.1. Small Power Transformer (Up to 60MVA) 9.1.2. Medium Power Transformer (61 - 600MVA) 9.1.3. Large Power Transformer (Above 600MVA) 9.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 9.2.1. Oil-Cooled 9.2.2. Air-Cooled 10. North America Power Transformer Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Power Transformer Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 12. Canada Power Transformer Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 13. Mexico Power Transformer Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 14. Europe Power Transformer Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 15. Europe Power Transformer Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Power Transformer Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 17. France Power Transformer Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 18. Germany Power Transformer Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 19. Italy Power Transformer Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 20. Spain Power Transformer Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 21. Sweden Power Transformer Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 22. CIS Countries Power Transformer Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 23. Rest of Europe Power Transformer Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 24. Asia Pacific Power Transformer Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 25. Asia Pacific Power Transformer Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Power Transformer Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 27. India Power Transformer Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 28. Japan Power Transformer Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 29. South Korea Power Transformer Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 30. Australia Power Transformer Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 31. ASEAN Power Transformer Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 32. Rest of Asia Pacific Power Transformer Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 33. Middle East Africa Power Transformer Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 34. Middle East Africa Power Transformer Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Power Transformer Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 36. GCC Countries Power Transformer Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 37. Egypt Power Transformer Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 38. Nigeria Power Transformer Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 39. Rest of ME&A Power Transformer Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 40. South America Power Transformer Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 41. South America Power Transformer Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Power Transformer Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 43. Argentina Power Transformer Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 44. Rest of South America Power Transformer Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Rating, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Cooling, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Power Transformer Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Siemens 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. ABB 45.3.3. BHEL 45.3.4. Mitsubishi 45.3.5. Celme 45.3.6. Kirloskar Electric 45.3.7. Schneider 45.3.8. SPX Transformers 45.3.9. Crompton Greaves 45.3.10. Voltamp 45.3.11. Hyundai Heavy Industries 45.3.12. Hammond Power Solutions 45.3.13. Daihen 45.3.14. Toshiba 45.3.15. GE 45.3.16. Hyosung 45.3.17. Other Key Players 46. Primary Key Insights

About This Report

Report ID20781
Category Energy & Power
Published Datesep 2019
Updated DateOct 2021
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