Medium Voltage Transformer Market

Market Insights on Medium Voltage Transformer covering sales outlook, demand forecast & up-to-date key trends

Medium Voltage Transformer Market By Rating (1,200 kVA, 1,500 kVA, 2,000 kVA, 2,500 kVA), Product (Dry, Oil-immersed, VPI), Configuration (Single-phase, Three-phase) & Region - Forecast 2022 - 2028

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Medium Voltage Transformer Market Outlook (2022-2028)

[273 pages Report] The global medium voltage transformer market stands at a net worth of US$ 11.7 Bn in 2022, and is predicted to rise at a CAGR of 4.6% over the forecast period (2022-2028) to attain a valuation of US$ 16.1 Bn by 2028.

Medium Voltage Transformer Market Size (2022)	US$ 11.7 Bn
Sales Forecast (2028)	US$ 16.1 Bn
Global Market Growth Rate (2022 to 2028)	4.6% CAGR
Share of Top 5 Market Players	50%

Medium voltage transformer sales accounted for 38% share of the global transformer market in 2021.

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How The Market Progressed Till June 2022?

Market Statistics	Details
H1,2021 (A)	4.3%
H1,2022 Projected (P)	4.4%
H1,2022 Outlook (O)	4.7%
BPS Change : H1,2022 (O) - H1,2022 (P)	(+) 28 ↑
BPS Change : H1,2022 (O) - H1,2021 (A)	(+) 44 ↑

Future Market Insights predicts a comparison and review analysis for the dynamics of the medium voltage transformer market, as T\the T&D system is being modified extensively to reduce losses, which calls for the upgrade of electric components like medium voltage transformers, which is projected to increase demand for medium power transformers.

According to FMI analysis, the difference between the BPS values recognized in the medium voltage transformer market in H1, 2022 - Outlook over H1, 2022 Projected shows an increase of 28 units. Notably, compared to H1, 2021, the market is expected to rise by 44 BPS in H1 -2022.

The key reason for this change in growth rate is due to the majority of end users turning away from using fossil fuels to run power generators and toward other types of electricity or energy. All types of electrical end customers are becoming more and more interested in these alternative energy sources, which include solar panels, wind turbines, and others.

The adoption of these renewable energy sources by numerous nations is anticipated to boost the market for medium voltage transformers used in transmission and distribution. Self-regulating, independent smart transformers are gaining popularity. Medium voltage transformers are designed to maintain communication with users and offer data and insights on the power supply all the while maintaining voltage regulation.

Medium Voltage Transformer Consumption Analysis from 2013 to 2021 Vs Future Market Outlook for 2022 to 2028

“Increase in Power Transmission & Distribution Activities to Boost Demand for Medium Power Transformers”

During the historical period of 2013 to 2021, the medium voltage transformer market expanded at a CAGR of 3.7%.

Increased applicability across sectors, power stations, electric grids, control panels, and switch gears for metering and security purposes has boosted demand for medium power transformers.

Growing consumption of energy due to fast urbanization in emerging nations and the expanding expansion of transmission and distribution (T&D) networks to incorporate renewable energy resources.

Medium Voltage Transformer Market Download Report Brochure

Furthermore, the T&D system is changing significantly to reduce losses, which necessitates the upgrading of electric components, such as medium voltage transformers, which is likely to propel the demand for medium power transformers.

The global medium voltage transformer market is anticipated to rise at a CAGR of 4.6% from 2022 to 2029.

What Key Factors are Driving Demand for Medium Voltage Transformers?

“Increasing Renewable Power Generation to Boost Need for Medium Voltage Transformers”

Most of the end users are shifting their focus from energy generation by fossil fuel-operated power generators to alternative forms of power or energy. These alternative forms of energy, such as wind turbines, solar panels, and others, are gaining popularity among all types of electricity end users.

Additionally, dependency on fossil resources and carbon emission is increasing at a rapid speed. Thus, in order to reduce this dependence, usage of renewable energy sources is encouraged.

Many countries are planning to adopt these renewable energy sources, which is expected to increase the demand for medium voltage transformers for transmission and distribution.

Smart transformers that are self-regulating and independent are becoming more popular. Medium voltage transformers are configured to keep contact with users as well as provide data and insights on the power supply while constantly regulating voltage.

They deliver the exact amount of power required and, through a process known as voltage optimization, adjust to fluctuations. They greatly minimize greenhouse gas emissions and electricity usage by providing the optimal amount of power to electrical devices.

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What are the Challenging Factors for Market Expansion?

“High Initial Cost to Build & Modernize Power Transmission Infrastructure Limiting Market Growth”

The medium voltage transformer market is being hampered by price fluctuations in various raw materials. Transformers are mostly made from steel and copper. Rising tariff rates on raw materials have increased extreme volatility, restricting the expansion of the market.

One of the key issues in medium voltage transformer development continues to be the complexity of the design process. High costs associated with power transmission infrastructure, as well as increased size and design specifications, may limit market potential.

Which Region is Expected to Lead Medium Voltage Transformer Market Growth?

“Rising Investments for Electricity Generation Driving Demand for Electrical Transformers in Asia Pacific”

Accounting for 56.1% share, Asia Pacific is leading the global medium voltage transformer market. The market is predicted to be one of the most profitable markets for electrical transformers, owing to the increasing government investments in electricity production.

As the population of Asia Pacific is increasing rapidly the region is expected to create higher electricity demand. Hence various governments are planning to increase the capacity of their power generation plants. Capacity expansion of these power plants will lead to high demand for electrical transformers for transmission and distribution, which in turn, will drive the regional market growth.

Country-wise Analysis

Why is the Medium Voltage Transformer Market in the U.S. Growing at a Rapid Pace?

“Prominent Presence of Power Plants to Fuel Sales of Single-phase Medium Voltage Transformers”

The market in the U.S. is likely to expand at a rapid pace over the forecast period. Rising disposable income of the population has increased the consumption of consumer devices in the country. Hence sales of single-phase medium voltage transformers is increasing.

Managing this growing load necessitates the use of efficient power transmission and management techniques, such as single-phase medium voltage transformers, to control the current that flows through systems.

When compared to other countries, the United States has a significantly higher number of power plants and transmission & distribution systems.

Why is Demand for Medium Voltage Transformers Surging in China?

“Increasing Urbanization & Industrialization to Create High Sales Opportunities for Medium Transformer Suppliers”

The market in China is speculated to exhibit a high growth owing to new power project investments. Large transmission and distribution infrastructure projects are projected in China to integrate new power plants and the rural population to the electricity grid.

In addition, the building and industrial sectors in China are expanding rapidly. Due to exceptional economic expansion, as well as fast industrialization and urbanization, there has been a rise in sales of medium transformers.

Category-wise Insights

Which Product Accounts for Highest Revenue Generation?

“Large-scale Integration of Eco-friendly Power Transmission Solutions to Fuel Demand for Dry Medium Voltage Transformers”

Dry medium voltage transformers are commonly used for voltage regulation in residential regions, as well as for industrial and commercial applications. For home, corporate, academic, and commercial purposes, these transformers reduce incoming high voltage power to usable levels.

Dry medium voltage transformers have no leakage or splashes, making them environmentally sustainable. The use of eco-friendly materials in power infrastructure upgrades and development is being emphasized, which generates the global commercial potential for dry medium voltage transformers.

Which is the Dominant Application of Medium Voltage Transformers?

“Increasing Investments across Industrial Sector to Enhance Demand for Medium Voltage Transformers”

Market statistics will be inflated by an exponential increase in electricity demand, as well as a thriving industrial sector throughout developing economies. Growing deployment of medium voltage transformers in a variety of settings, including industrial operations, energy, and infrastructure, will help to meet product demand.

In addition, continuous efforts to upgrade traditional grid infrastructure, combined with the fast use of smart transmission and distribution technologies, will boost the industry scenario.

COVID-19 Impact on Medium Voltage Transformer Demand

The COVID-19 pandemic has had a significant impact on the power sector in numerous locations around the world. Manufacturing activities have slowed as a result of lockdown regulations, which have had a severe influence on the supply chain throughout the power sector.

On the other hand, the revival of industrial demand has made it easier for manufacturers to provide their goods, as well as increasing need from the commercial sector.

Competitive Landscape

Medium voltage transformer producers are focusing on the expansion of their business through collaborations, mergers, acquisitions, and alliances. Key players are focusing on strategies such as the adoption of new technologies to develop innovative products and further enlargement of distribution channels, which will help drive their sales of medium voltage transformers.

For instance,

ABB group announced the acquisition of GE’s global electrification solutions business.
Siemens AG signed a joint venture agreement with Valeo, a Germany-based company that manufactures high voltage powertrains.

Medium Voltage Transformer Industry Report Scope

Attribute	Details
Forecast Period	2022-2028
Historical Data Available for	2013-2021
Market Analysis	Value in US$ Mn, Volume in Units
Key Regions Covered	North America Latin America Europe East Asia South Asia & Pacific Middle East & Africa (MEA)
Key Countries Covered	U.S. Canada Mexico Brazil Mexico Argentina Germany Italy France U.K Nordic Spain Japan China India Malaysia Thailand Australia GCC Countries South Africa Turkey
Key Market Segments Covered	Rating Product Configuration Application Region
Key Companies Profiled	Siemens AG ABB Group General Electric Company Fuji Electric Co., Ltd. Hitachi, Ltd. Schneider Electric SE Eaton Corporation PLC Mitsubishi Electric Corporation CG Power & Industrial Solutions Ltd. Fortune Electric Co., Ltd. Schaffner Holding AG Hammond Power Solutions Inc. Kirloskar Electric Company MGM Transformer Company Amran Inc.
Pricing	Available upon Request

Key Segments of Medium Voltage Transformer Industry Survey

Medium Voltage Transformer Market by Rating:

1,200 kVA Medium Voltage Transformers
1,500 kVA Medium Voltage Transformers
2,000 kVA Medium Voltage Transformers
2,500 kVA Medium Voltage Transformers

Medium Voltage Transformer Market by Product:

Dry Medium Voltage Transformers
Oil-immersed Medium Voltage Transformers
VPI Medium Voltage Transformers

Medium Voltage Transformer Market by Configuration:

Single-phase Medium Voltage Transformers
Three-phase Medium Voltage Transformers

Medium Voltage Transformer Market by Application:

Building Establishments
Residential
Commercial
Civil Infrastructure
Industrial
IT - Data & Server Centers

Medium Voltage Transformer Market by Region:

North America Medium Voltage Transformer Market
Latin America Medium Voltage Transformer Market
Europe Medium Voltage Transformer Market
East Asia Medium Voltage Transformer Market
South Asia & Pacific Medium Voltage Transformer Market
Middle East & Africa (MEA) Medium Voltage Transformer Market

Frequently Asked Questions

How much is the global medium voltage transformer market worth?

The global medium voltage transformer market is valued at US$ 11.7 Bn in 2022 and is projected to reach US$ 16.1 Bn by 2028.

Who are the key manufacturers of medium voltage transformers?

Siemens AG, ABB Group, General Electric Company, Fuji Electric Co., Ltd., and Hitachi, Ltd. are prominent medium voltage transformer suppliers.

What are the trends augmenting demand for medium voltage transformers?

Increasing urbanization and rising government investments for electrification are driving market growth.

Which region held the largest market share in the global medium voltage transformer market?

Asia Pacific accounts for 56.1% share in the global medium voltage transformer market.

What is the CAGR of the medium voltage transformer market over the forecast period?

The market is estimated to exhibit a CAGR of 4.6% during the forecast period (2022-2028).

Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. Market Dynamics

1.4. FMI Analysis and Recommendations

1.5. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

3. Market Viewpoint

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

4. Global Market Analysis and Forecast

4.1. Market Volume (Units) Projections

4.2. Market Size (US$ Mn) and Y-o-Y Growth

4.3. Absolute $ Opportunity Analysis

4.4. Pricing Analysis

4.5. Value Chain Analysis

5. Forecast Assumptions

6. Forecast Factors: Relevance and Impact

7. Global Market Analysis 2014–2021 and Forecast 2022–2029, By Rating

7.1. Introduction / Key Findings

7.2. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Rating, 2014–2021

7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Rating, 2022–2029

7.3.1. 1,200 kVA

7.3.2. 1,500 kVA

7.3.3. 2,000 kVA

7.3.4. 2,500 kVA

7.4. Key Trends / Developments

7.5. Market Attractiveness Analysis By Rating

8. Global Market Analysis 2014–2021 and Forecast 2022–2029, By Product Type

8.1. Introduction / Key Findings

8.2. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Product Type , 2014–2021

8.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type , 2022–2029

8.3.1. Dry Type

8.3.2. Oil Immersed Type

8.3.3. VPI

8.4. Key Trends / Developments

8.5. Market Attractiveness Analysis By Product Type

9. Global Market Analysis 2014–2021 and Forecast 2022–2029, By Configuration

9.1. Introduction / Key Findings

9.2. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Configuration , 2014–2021

9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Configuration , 2022–2029

9.3.1. Single Phase

9.3.2. Three Phase

9.4. Key Trends / Developments

9.5. Market Attractiveness Analysis By Configuration

10. Global Market Analysis 2014–2021 and Forecast 2022–2029, By Application

10.1. Introduction / Key Findings

10.2. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Application , 2014–2021

10.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application , 2022–2029

10.3.1. Building Establishments

10.3.1.1. Residential

10.3.1.2. Commercial

10.3.2. Civic Infrastructure

10.3.3. Industrial

10.3.4. IT-Data and Server Centers

10.4. Key Trends / Developments

10.5. Market Attractiveness Analysis By Application

11. Global Market Analysis 2014–2021 and Forecast 2022–2029 By Region

11.1. Introduction / Key Findings

11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2014 – 2021

11.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2022 - 2029

11.3.1. North America

11.3.2. Latin America

11.3.3. Western Europe

11.3.4. Eastern Europe

11.3.5. Asia Pacific Excl. Japan

11.3.6. Japan

11.3.7. Middle East and Africa

11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2014–2021 and Forecast 2022–2029

12.1. Introduction

12.2. Key Regulations

12.3. Pricing Analysis

12.4. Regional Market Dynamics

12.4.1. Drivers

12.4.2. Restraints

12.4.3. Trends

12.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Taxonomy, 2014-2021

12.5.1. By Country

12.5.2. By Rating

12.5.3. By Product Type

12.5.4. By Configuration

12.5.5. By Application

12.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2022–2029

12.6.1. U.S.

12.6.2. Canada

12.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Rating, 2022–2029

12.7.1. 1,200 kVA

12.7.2. 1,500 kVA

12.7.3. 2,000 kVA

12.7.4. 2,500 kVA

12.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type , 2022–2029

12.8.1. Dry Type

12.8.2. Oil Immersed Type

12.8.3. VPI

12.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Configuration, 2022–2029

12.9.1. Single Phase

12.9.2. Three Phase

12.10. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2022–2029

12.10.1. Building Establishments

12.10.1.1. Residential

12.10.1.2. Commercial

12.10.2. Civic Infrastructure

12.10.3. Industrial

12.10.4. IT-Data and Server Centers

12.11. Drivers and Restraints: Impact Analysis

12.12. Market Attractiveness Analysis

12.12.1. By Country

12.12.2. By Rating

12.12.3. By Product Type

12.12.4. By Configuration

12.12.5. By Application

12.13. Key Representative Market Participants

12.14. Market Presence (Intensity Map)

13. Western Europe Market Analysis 2014–2021 and Forecast 2022–2029

13.1. Introduction

13.2. Key Regulations

13.3. Pricing Analysis

13.4. Regional Market Dynamics

13.4.1. Drivers

13.4.2. Restraints

13.4.3. Trends

13.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Taxonomy, 2014-2021

13.5.1. By Country

13.5.2. By Rating

13.5.3. By Product Type

13.5.4. By Configuration

13.5.5. By Application

13.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2022–2029

13.6.1. Germany

13.6.2. Italy

13.6.3. France

13.6.4. U.K.

13.6.5. Spain

13.6.6. BENELUX

13.6.7. Rest of Western Europe

13.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Rating, 2022–2029

13.7.1. 1,200 kVA

13.7.2. 1,500 kVA

13.7.3. 2,000 kVA

13.7.4. 2,500 kVA

13.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type , 2022–2029

13.8.1. Dry Type

13.8.2. Oil Immersed Type

13.8.3. VPI

13.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Configuration, 2022–2029

13.9.1. Single Phase

13.9.2. Three Phase

13.10. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2022–2029

13.10.1. Building Establishments

13.10.1.1. Residential

13.10.1.2. Commercial

13.10.2. Civic Infrastructure

13.10.3. Industrial

13.10.4. IT-Data and Server Centers

13.11. Drivers and Restraints: Impact Analysis

13.12. Market Attractiveness Analysis

13.12.1.1. By Country

13.12.1.2. By Rating

13.12.1.3. By Product Type

13.12.1.4. By Configuration

13.12.1.5. By Application

13.13. Key Representative Market Participants

13.14. Market Presence (Intensity Map)

14. Eastern Europe Market Analysis 2014–2021 and Forecast 2022–2029

14.1. Introduction

14.2. Key Regulations

14.3. Pricing Analysis

14.4. Regional Market Dynamics

14.4.1. Drivers

14.4.2. Restraints

14.4.3. Trends

14.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Taxonomy, 2014-2021

14.5.1. By Country

14.5.2. By Rating

14.5.3. By Product Type

14.5.4. By Configuration

14.5.5. By Application

14.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2022–2029

14.6.1. Russia

14.6.2. Poland

14.6.3. Rest of Eastern Europe

14.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Rating, 2022–2029

14.7.1. 1,200 kVA

14.7.2. 1,500 kVA

14.7.3. 2,000 kVA

14.7.4. 2,500 kVA

14.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type , 2022–2029

14.8.1. Dry Type

14.8.2. Oil Immersed Type

14.8.3. VPI

14.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Configuration, 2022–2029

14.9.1. Single Phase

14.9.2. Three Phase

14.10. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2022–2029

14.10.1. Building Establishments

14.10.1.1. Residential

14.10.1.2. Commercial

14.10.2. Civic Infrastructure

14.10.3. Industrial

14.10.4. IT-Data and Server Centers

14.11. Drivers and Restraints: Impact Analysis

14.12. Market Attractiveness Analysis

14.12.1. By Country

14.12.2. By Rating

14.12.3. By Product Type

14.12.4. By Configuration

14.12.5. By Application

14.13. Key Representative Market Participants

14.14. Market Presence (Intensity Map)

15. Asia Pacific Excl. Japan Market Analysis 2014–2021 and Forecast 2022–2029

15.1. Introduction

15.2. Key Regulations

15.3. Pricing Analysis

15.4. Regional Market Dynamics

15.4.1. Drivers

15.4.2. Restraints

15.4.3. Trends

15.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Taxonomy, 2014-2021

15.5.1. By Country

15.5.2. By Rating

15.5.3. By Product Type

15.5.4. By Configuration

15.5.5. By Application

15.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2022–2029

15.6.1. China

15.6.2. India

15.6.3. ASEAN

15.6.4. Australia and New Zealand

15.6.5. Rest of APEJ

15.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Rating, 2022–2029

15.7.1. 1,200 kVA

15.7.2. 1,500 kVA

15.7.3. 2,000 kVA

15.7.4. 2,500 kVA

15.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type , 2022–2029

15.8.1. Dry Type

15.8.2. Oil Immersed Type

15.8.3. VPI

15.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Configuration, 2022–2029

15.9.1. Single Phase

15.9.2. Three Phase

15.10. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2022–2029

15.10.1. Building Establishments

15.10.1.1. Residential

15.10.1.2. Commercial

15.10.2. Civic Infrastructure

15.10.3. Industrial

15.10.4. IT-Data and Server Centers

15.11. Drivers and Restraints: Impact Analysis

15.12. Market Attractiveness Analysis

15.12.1. By Country

15.12.2. By Rating

15.12.3. By Product Type

15.12.4. By Configuration

15.12.5. By Application

15.13. Key Representative Market Participants

15.14. Market Presence (Intensity Map)

16. Latin America Market Analysis 2014–2021 and Forecast 2022–2029

16.1. Introduction

16.2. Key Regulations

16.3. Pricing Analysis

16.4. Regional Market Dynamics

16.4.1. Drivers

16.4.2. Restraints

16.4.3. Trends

16.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Taxonomy, 2014-2021

16.5.1. By Country

16.5.2. By Rating

16.5.2.1. By Product Type

16.5.2.2. By Configuration

16.5.2.3. By Application

16.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2022–2029

16.5.3.1. Brazil

16.5.3.2. Mexico

16.5.3.3. Rest of Latin America

16.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Rating, 2022–2029

16.6.1. 1,200 kVA

16.6.2. 1,500 kVA

16.6.3. 2,000 kVA

16.6.4. 2,500 kVA

16.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type , 2022–2029

16.7.1. Dry Type

16.7.2. Oil Immersed Type

16.7.3. VPI

16.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Configuration, 2022–2029

16.8.1. Single Phase

16.8.2. Three Phase

16.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2022–2029

16.9.1. Building Establishments

16.9.1.1. Residential

16.9.1.2. Commercial

16.9.2. Civic Infrastructure

16.9.3. Industrial

16.9.4. IT-Data and Server Centers

16.9.5. Drivers and Restraints: Impact Analysis

16.9.6. Market Attractiveness Analysis

16.9.6.1. By Country

16.9.6.2. By Rating

16.9.6.3. By Product Type

16.9.6.4. By Configuration

16.9.6.5. By Application

16.9.7. Key Representative Market Participants

16.9.8. Market Presence (Intensity Map)

17. Japan Market Analysis 2014–2021 and Forecast 2022–2029

17.1. Introduction

17.2. Key Regulations

17.3. Pricing Analysis

17.4. Regional Market Dynamics

17.4.1. Drivers

17.4.2. Restraints

17.4.3. Trends

17.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Taxonomy, 2014-2021

17.5.1. By Rating

17.5.2. By Product Type

17.5.3. By Configuration

17.5.4. By Application

17.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Rating, 2022–2029

17.6.1. 1,200 kVA

17.6.2. 1,500 kVA

17.6.3. 2,000 kVA

17.6.4. 2,500 kVA

17.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type , 2022–2029

17.7.1. Dry Type

17.7.2. Oil Immersed Type

17.7.3. VPI

17.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2022–2029

17.8.1. Single Phase

17.8.2. Three Phase

17.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Configuration , 2022–2029

17.9.1. Building Establishments

17.9.1.1. Residential

17.9.1.2. Commercial

17.9.2. Civic Infrastructure

17.9.3. Industrial

17.9.4. IT-Data and Server Centers

17.10. Current Market Size (US$ Mn) and Volume (Units) Forecast By Technology , 2022–2029

17.10.1. Automatic HVAC Compressors

17.10.2. Manual HVAC Compressor

17.11. Drivers and Restraints: Impact Analysis

17.12. Market Attractiveness Analysis

17.12.1. By Rating

17.12.2. By Product Type

17.12.3. By Configuration

17.12.4. By Application

17.13. Key Representative Market Participants

17.14. Market Presence (Intensity Map)

18. Middle East and Africa Market Analysis 2014–2021 and Forecast 2022–2029

18.1. Introduction

18.2. Key Regulations

18.3. Pricing Analysis

18.4. Regional Market Dynamics

18.4.1. Drivers

18.4.2. Restraints

18.4.3. Trends

18.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Market Taxonomy, 2014-2021

18.5.1. By Country

18.5.2. By Rating

18.5.3. By Product Type

18.5.4. By Configuration

18.5.5. By Application

18.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2022–2029

18.6.1. GCC Countries

18.6.2. Northern Africa

18.6.3. Turkey

18.6.4. South Africa

18.6.5. Rest of MEA

18.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Rating, 2022–2029

18.7.1. 1,200 kVA

18.7.2. 1,500 kVA

18.7.3. 2,000 kVA

18.7.4. 2,500 kVA

18.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type , 2022–2029

18.8.1. Dry Type

18.8.2. Oil Immersed Type

18.8.3. VPI

18.9. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2022–2029

18.9.1. Single Phase

18.9.2. Three Phase

18.10. Current Market Size (US$ Mn) and Volume (Units) Forecast By Configuration , 2022–2029

18.10.1. Building Establishments

18.10.1.1. Residential

18.10.1.2. Commercial

18.10.2. Civic Infrastructure

18.10.3. Industrial

18.10.4. IT-Data and Server Centers

18.11. Drivers and Restraints: Impact Analysis

18.12. Market Attractiveness Analysis

18.12.1. By Country

18.12.2. By Rating

18.12.3. By Product Type

18.12.4. By Configuration

18.12.5. By Application

18.13. Key Representative Market Participants

18.14. Market Presence (Intensity Map)

19. Competition Landscape

19.1. Market Structure

19.2. Competition Intensity Mapping By Market Taxonomy

19.3. Competition Dashboard

19.4. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)

19.4.1. ABB Group

19.4.1.1. Overview

19.4.1.2. Financials

19.4.1.3. Recent Developments

19.4.1.4. Strategy

19.4.2. Siemens AG

19.4.2.1. Overview

19.4.2.2. Financials

19.4.2.3. Recent Developments

19.4.2.4. Strategy

19.4.3. General Electric Company

19.4.3.1. Overview

19.4.3.2. Financials

19.4.3.3. Recent Developments

19.4.3.4. Strategy

19.4.4. Hitachi, Ltd.

19.4.4.1. Overview

19.4.4.2. Financials

19.4.4.3. Recent Developments

19.4.4.4. Strategy

19.4.5. Fuji Electric Co., Ltd.

19.4.5.1. Overview

19.4.5.2. Financials

19.4.5.3. Recent Developments

19.4.5.4. Strategy

19.4.6. Schneider Electric SE

19.4.6.1. Overview

19.4.6.2. Financials

19.4.6.3. Recent Developments

19.4.6.4. Strategy

19.4.7. Eaton Corporation PLC

19.4.7.1. Overview

19.4.7.2. Financials

19.4.7.3. Recent Developments

19.4.7.4. Strategy

19.4.8. Mitsubishi Electric Corporation

19.4.8.1. Overview

19.4.8.2. Financials

19.4.8.3. Recent Developments

19.4.8.4. Strategy

19.4.9. Jinpan International USA Ltd.

19.4.9.1. Overview

19.4.9.2. Financials

19.4.9.3. Recent Developments

19.4.9.4. Strategy

19.4.10. Kon?ar – Distribution and Special Transformers, Inc.

19.4.10.1. Overview

19.4.10.2. Financials

19.4.10.3. Recent Developments

19.4.10.4. Strategy

19.4.11. CG Power & Industrial Solutions Ltd.

19.4.11.1. Overview

19.4.11.2. Financials

19.4.11.3. Recent Developments

19.4.11.4. Strategy

19.4.12. Fortune Electric Co., Ltd.

19.4.12.1. Overview

19.4.12.2. Financials

19.4.12.3. Recent Developments

19.4.12.4. Strategy

19.4.13. Schaffner Holding AG

19.4.13.1. Overview

19.4.13.2. Financials

19.4.13.3. Recent Developments

19.4.13.4. Strategy

19.4.14. Hammond Power Solutions Inc.

19.4.14.1. Overview

19.4.14.2. Financials

19.4.14.3. Recent Developments

19.4.14.4. Strategy

19.4.15. Kirloskar Electric Company

19.4.15.1. Overview

19.4.15.2. Financials

19.4.15.3. Recent Developments

19.4.15.4. Strategy

19.4.16. MGM Transformer Company Co.

19.4.16.1. Overview

19.4.16.2. Financials

19.4.16.3. Recent Developments

19.4.16.4. Strategy

19.4.17. Amran Inc.

19.4.17.1. Overview

19.4.17.2. Financials

19.4.17.3. Recent Developments

19.4.17.4. Strategy

19.4.18. Tianan Electric Group Co., Ltd.

19.4.18.1. Overview

19.4.18.2. Financials

19.4.18.3. Recent Developments

19.4.18.4. Strategy

19.4.19. RITZ Instrument Transformers GmbH

19.4.19.1. Overview

19.4.19.2. Financials

19.4.19.3. Recent Developments

19.4.19.4. Strategy

19.4.20. RECO Transformer Pvt. Ltd.

19.4.20.1. Overview

19.4.20.2. Financials

19.4.20.3. Recent Developments

19.4.20.4. Strategy

20. Assumptions and Acronyms

21. Research Methodology

List of Tables

Table 01: Global Market Value (US$ Mn) and Volume (Units) Forecast by Rating, 2014 – 2029

Table 02: Global Market Value (US$ Mn) and Volume (Units) Forecast by Product Type, 2014 – 2029

Table 03: Global Market Value (US$ Mn) and Volume (Units) Forecast by Configuration, 2014 – 2029

Table 04: Global Market Value (US$ Mn) and Volume (Units) Forecast by Application, 2014 – 2029

Table 05: Global Market Value (US$ Mn) and Volume (Units) Forecast by Region, 2014 – 2029

Table 06: North America Market Value (US$ Mn) and Volume (Units) Forecast by Country, 2014 – 2029

Table 07: North America Market Value (US$ Mn) and Volume (Units) Forecast by Rating, 2014 – 2029

Table 08: North America Market Value (US$ Mn) and Volume (Units) Forecast by Product Type, 2014 – 2029

Table 09: North America Market Value (US$ Mn) and Volume (Units) Forecast by Configuration, 2014 – 2029

Table 10: North America Market Value (US$ Mn) and Volume (Units) Forecast by Application, 2014 – 2029

Table 11: Western Europe Market Value (US$ Mn) and Volume (Units) Forecast by Country, 2014 – 2029

Table 12: Western Europe Market Value (US$ Mn) and Volume (Units) Forecast by Rating, 2014 – 2029

Table 13: Western Europe Market Value (US$ Mn) and Volume (Units) Forecast by Product Type, 2014 – 2029

Table 14: Western Europe Market Value (US$ Mn) and Volume (Units) Forecast by Configuration, 2014 – 2029

Table 15: Western Europe Market Value (US$ Mn) and Volume (Units) Forecast By Application, 2014 – 2029

Table 16: Eastern Europe Market Value (US$ Mn) and Volume (Units) Forecast By Country, 2014 – 2029

Table 17: Eastern Europe Market Value (US$ Mn) and Volume (Units) Forecast By Rating, 2014 – 2029

Table 18: Eastern Europe Market Value (US$ Mn) and Volume (Units) Forecast By Product Type, 2014 – 2029

Table 19: Eastern Europe Market Value (US$ Mn) and Volume (Units) Forecast By Configuration, 2014 – 2029

Table 20: Eastern Europe Market Value (US$ Mn) and Volume (Units) Forecast By Application, 2014 – 2029

Table 21: APEJ Market Value (US$ Mn) and Volume (Units) Forecast By Country, 2014 – 2029

Table 22: APEJ Market Value (US$ Mn) and Volume (Units) Forecast By Rating, 2014 – 2029

Table 23: APEJ Market Value (US$ Mn) and Volume (Units) Forecast By Product Type, 2014 – 2029

Table 24: APEJ Market Value (US$ Mn) and Volume (Units) Forecast By Configuration, 2014 – 2029

Table 25: APEJ Market Value (US$ Mn) and Volume (Units) Forecast By Application, 2014 – 2029

Table 26: Latin America Market Value (US$ Mn) and Volume (Units) Forecast By Country, 2014 – 2029

Table 27: Latin America Market Value (US$ Mn) and Volume (Units) Forecast By Rating, 2014 – 2029

Table 28: Latin America Market Value (US$ Mn) and Volume (Units) Forecast By Product Type, 2014 – 2029

Table 29: Latin America Market Value (US$ Mn) and Volume (Units) Forecast By Configuration, 2014 – 2029

Table 30: Latin America Market Value (US$ Mn) and Volume (Units) Forecast By Application, 2014 – 2029

Table 31: Japan Market Value (US$ Mn) and Volume (Units) Forecast By Rating, 2014 – 2029

Table 32: Japan Market Value (US$ Mn) and Volume (Units) Forecast By Product Type, 2014 – 2029

Table 33: Japan Market Value (US$ Mn) and Volume (Units) Forecast By Configuration, 2014 – 2029

Table 34: Japan Market Value (US$ Mn) and Volume (Units) Forecast By Application, 2014 – 2029

Table 35: MEA Market Value (US$ Mn) and Volume (Units) Forecast By Country, 2014 – 2029

Table 36: MEA Market Value (US$ Mn) and Volume (Units) Forecast By Rating, 2014 – 2029

Table 37: MEA Market Value (US$ Mn) and Volume (Units) Forecast By Product Type, 2014 – 2029

Table 38: MEA Market Value (US$ Mn) and Volume (Units) Forecast By Configuration, 2014 – 2029

Table 39: MEA Market Value (US$ Mn) and Volume (Units) Forecast By Application, 2014 – 2029

Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 01: Global Macro-Economic Factors Annual Growth Percentage Vs Global Market Growth

Figure 02: Global Market Value (US$ Mn) and Volume (Units) Historical Data and Forecast 2014-2029

Figure 03: Global Market Absolute $ Opportunity Analysis, 2014–2029

Figure 04: Global Market Share and BPS Analysis by Rating – 2021, 2022 & 2029

Figure 05: Global Market Y-o-Y Growth Projections by Rating, 2015 – 2029

Figure 06: Global Market Absolute $ Opportunity by 1,200 kVA Segment 2014 to 2022 and 2029

Figure 07: Global Market Absolute $ Opportunity by 1,500 kVA Segment 2014 to 2022 and 2029

Figure 08: Global Market Absolute $ Opportunity by 2,000 kVA Segment 2014 to 2022 and 2029

Figure 09: Global Market Absolute $ Opportunity by 2,500 kVA Segment 2014 to 2022 and 2029

Figure 10: Global Market Attractiveness by Rating, 2022-2029

Figure 11: Global Market Share and BPS Analysis by Product Type – 2021, 2022 & 2029

Figure 12: Global Market Y-O-Y Growth by Product Type, 2015 – 2029

Figure 13: Global Market Absolute $ Opportunity by Dry Type Segment 2014 to 2022 and 2029

Figure 14: Global Market Absolute $ Opportunity by Oil Immersed Type Segment 2014 to 2022 and 2029

Figure 15: Global Market Absolute $ Opportunity by VPI Segment 2014 to 2022 and 2029

Figure 16: Global Market Attractiveness by Product Type, 2022-2029

Figure 17: Global Market Share and BPS Analysis by Configuration – 2021, 2022 & 2029

Figure 18: Global Market Attractiveness by Configuration, 2015 – 2029

Figure 19: Global Market Absolute $ Opportunity by Single Phase Segment 2014 to 2022 and 2029

Figure 20: Global Market Absolute $ Opportunity by Three Phase Segment 2014 to 2022 and 2029

Figure 21: Global Market Attractiveness by Configuration, 2022-2029

Figure 22: Global Market Share and BPS Analysis by Application – 2021, 2022 & 2029

Figure 23: Global Market Y-o-Y Growth Projections by Application, 2015 – 2029

Figure 24: Global Market Absolute $ Opportunity by Building Establishments Segment 2014 to 2022 and 2029

Figure 25: Global Market Absolute $ Opportunity by Civic Infrastructure Segment 2014 to 2022 and 2029

Figure 26: Global Market Absolute $ Opportunity by Industrial Segment 2014 to 2022 and 2029

Figure 27: Global Market Absolute $ Opportunity by IT – Data and Server Centers Segment 2014 to 2022 and 2029

Figure 28: Global Market Attractiveness by Application, 2022-2029

Figure 29: Global Market Share and BPS Analysis by Region – 2021, 2022 & 2029

Figure 30: Global Market Attractiveness by Region, 2015 – 2029

Figure 31: North America Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 32: Latin America Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 33: Western Europe Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 34: Eastern Europe Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 35: APEJ Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 36: Japan Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 37: MEA Market Absolute $ Opportunity by VPI Segment 2014 to 2022 and 2029

Figure 38: Global Market Attractiveness by Region, 2022-2029

Figure 39: North America Market Share and BPS Analysis by Country – 2021, 2022 & 2029

Figure 40: North America Market Y-o-Y Growth Projections by Country, 2015 – 2029

Figure 41: North America Market Attractiveness Analysis by Country, 2022–2029

Figure 42: U.S. Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 43: Canada Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 44: North America Market Share and BPS Analysis by Rating – 2021, 2022 & 2029

Figure 45: North America Market Attractiveness by Rating, 2022-2029

Figure 46: North America Market Share and BPS Analysis by Product Type – 2021, 2022 & 2029

Figure 47: North America Market Attractiveness by Product Type, 2022-2029

Figure 48: North America Market Share and BPS Analysis by Configuration – 2021, 2022 & 2029

Figure 49: North America Market Attractiveness by Configuration, 2022-2029

Figure 50: North America Market Share and BPS Analysis by Application – 2021, 2022 & 2029

Figure 51: North America Market Attractiveness by Application, 2022-2029

Figure 52: Western Europe Market Share and BPS Analysis by Country – 2021, 2022 & 2029

Figure 53: Western Europe Market Y-o-Y Growth Projections by Country, 2015 – 2029

Figure 54: Western Europe Market Attractiveness Analysis by Country, 2022-2029

Figure 55: Germany Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 56: Italy Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 57: France Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 58: U.K. Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 59: Spain Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 60: BENELUX Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 61: Rest of Western Europe Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 62: Western Europe Market Share and BPS Analysis by Rating – 2021, 2022 & 2029

Figure 63: Western Europe Market Attractiveness by Rating, 2022-2029

Figure 64: Western Europe Market Share and BPS Analysis by Product Type – 2021, 2022 & 2029

Figure 65: Western Europe Market Attractiveness by Product Type, 2022-2029

Figure 66: Western Europe Market Share and BPS Analysis by Configuration – 2021, 2022 & 2029

Figure 67: Western Europe Market Attractiveness by Configuration, 2022-2029

Figure 68: Western Europe Market Share and BPS Analysis by Application – 2021, 2022 & 2029

Figure 69: Western Europe Market Attractiveness by Application, 2022-2029

Figure 70: Eastern Europe Market Share and BPS Analysis by Country – 2021, 2022 & 2029

Figure 71: Eastern Europe Market Y-o-Y Growth Projections by Country, 2015 – 2029

Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2022 – 2029

Figure 73: Russia Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 74: Poland Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 75: Rest of Eastern Europe Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 76: Eastern Europe Market Share and BPS Analysis by Rating – 2021, 2022 & 2029

Figure 77: Eastern Europe Market Attractiveness by Rating, 2022 – 2029

Figure 78: Eastern Europe Market Share and BPS Analysis By Product Type – 2021, 2022 & 2029

Figure 79: Eastern Europe Market Attractiveness by Product Type, 2022 – 2029

Figure 80: Eastern Europe Market Share and BPS Analysis by Configuration – 2021, 2022 & 2029

Figure 81: Eastern Europe Market Attractiveness by Configuration, 2022 – 2029

Figure 82: Eastern Europe Market Share and BPS Analysis by Application – 2021, 2022 & 2029

Figure 83: Eastern Europe Market Attractiveness by Application, 2022 – 2029

Figure 84: APEJ Market Share and BPS Analysis by Country – 2021, 2022 & 2029

Figure 85: APEJ Market Y-o-Y Growth Projections by Country, 2015 – 2029

Figure 86: APEJ Market Attractiveness Analysis by Country, 2022 – 2029

Figure 87: China Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 88: India Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 89: ASEAN Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 90: Australia and New Zealand Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 91: Rest of APEJ Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 92: APEJ Market Share and BPS Analysis by Rating – 2021, 2022 & 2029

Figure 93: APEJ Market Attractiveness by Rating, 2022 – 2029

Figure 94: APEJ Market Share and BPS Analysis by Product Type – 2021, 2022 & 2029

Figure 95: APEJ Market Attractiveness by Product Type, 2022 – 2029

Figure 96: APEJ Market Share and BPS Analysis by Configuration – 2021, 2022 & 2029

Figure 97: APEJ Market Attractiveness by Configuration, 2022 – 2029

Figure 98: APEJ Market Share and BPS Analysis by Application – 2021, 2022 & 2029

Figure 99: APEJ Market Attractiveness by Application, 2022 – 2029

Figure 100: Latin America Market Share and BPS Analysis by Country – 2021, 2022 & 2029

Figure 101: Latin America Market Y-o-Y Growth Projections by Country, 2015 – 2029

Figure 102: Latin America Market Attractiveness Analysis by Country, 2022-2029

Figure 103: Brazil Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 104: Mexico Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 105: Rest of Latin America Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 106: Latin America Market Share and BPS Analysis by Rating – 2021, 2022 & 2029

Figure 107: Latin America Market Attractiveness by Rating, 2022 – 2029

Figure 108: Latin America Market Share and BPS Analysis by Product Type – 2021, 2022 & 2029

Figure 109: Latin America Market Attractiveness by Product Type, 2022 – 2029

Figure 110: Latin America Market Share and BPS Analysis by Configuration – 2021, 2022 & 2029

Figure 111: Latin America Market Attractiveness by Configuration, 2022 – 2029

Figure 112: Latin America Market Share and BPS Analysis by Application – 2021, 2022 & 2029

Figure 113: Latin America Market Attractiveness by Application, 2022 – 2029

Figure 114: Japan Market Share and BPS Analysis by Rating – 2021, 2022 & 2029

Figure 115: Japan Market Attractiveness by Rating, 2022-2029

Figure 116: Japan Market Share and BPS Analysis by Product Type – 2021, 2022 & 2029

Figure 117: Japan Market Attractiveness by Product Type, 2022-2029

Figure 118: Japan Market Share and BPS Analysis by Configuration – 2021, 2022 & 2029

Figure 119: Japan Market Attractiveness by Configuration, 2022 – 2029

Figure 120: Japan Market Share and BPS Analysis by Application – 2021, 2022 & 2029

Figure 121: Japan Market Attractiveness by Application, 2022 – 2029

Figure 122: MEA Market Share and BPS Analysis by Country – 2021, 2022 & 2029

Figure 123: MEA Market Y-o-Y Growth Projections by Country, 2015 – 2029

Figure 124: MEA Market Attractiveness Analysis by Country, 2022 – 2029

Figure 125: GCC Countries Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 126: Northern Africa Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 127: Turkey Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 128: South Africa Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 129: Rest of MEA Market Absolute $ Opportunity 2014 to 2022 and 2029

Figure 130: MEA Market Share and BPS Analysis by Rating – 2021, 2022 & 2029

Figure 131: MEA Market Attractiveness by Rating, 2022 – 2029

Figure 132: MEA Market Share and BPS Analysis by Product Type – 2021, 2022 & 2029

Figure 133: MEA Market Attractiveness by Product Type, 2022 – 2029

Figure 134: MEA Market Share and BPS Analysis by Configuration – 2021, 2022 & 2029

Figure 135: MEA Market Attractiveness by Configuration, 2022 – 2029

Figure 136: MEA Market Share and BPS Analysis by Application – 2021, 2022 & 2029

Figure 137: MEA Market Attractiveness by Application, 2022 – 2029