Power Transformer Market

2019 Analysis and Review of Power Transformer Market by Type - Core Transformer and Shell Transformer for 2019 - 2029

  • 2019-12-20
  • REP-GB-10800
  • 56 Tables
  • 233 Figures
  • 300 pages
  • Format: PDF/PPT/Excel
  • SELECT LICENSE :

  • US$5,000
  • US$7,500
  • US$10,000

Power Transformer Market to Surpass US$ 20 Bn by 2019 End

Augmenting demand for power, coupled with intensifying need for electricity transmission infrastructure and network upgrade, is instrumental in shaping sales of power transformers at a global level. Increasing implementation of microgrids and increasing span of power conditioning services have shaped the power transformers market in positive manner. In 2019, power transformers of worth US$ 20 Bn are projected to be sold worldwide, and the valuation of the global market is set for a healthy CAGR between 2019 and 2029. Leading players in the power transformer market are focusing on cross border power transmission and employing more renewable and non-conventional energy sources.

Frequently Asked Questions About power transformer market

Which macro trends will influence the sales of power transformer?

Adoption of smart power transformers has been on the rise due to rapidly changing energy distribution and generation methods. Moreover, demand for these transformers is expected to be a boon to disaster-recovery efforts, redefining electrical grid, and creating distribution systems capable of accommodating a great influx of stored and renewable energy.

What will be the impact of green initiatives in the power transformer market?

Green transformers offer reduced carbon footprint, optimized life-cycle expenses and lowered maintenance, and restricted pollution risks. In addition, implementation of advanced on-line monitoring systems in green transformers can prevent defects & damages and maximize operational management.

Which segment of the power transformer will have the most growth over the forecast period?

In terms of product, sales of wet-type power transformers are projected to reach US$ 19 Bn by 2029. Significant growth opportunities lie in wet-type transformers, owing to their higher efficiency, cost-effective maintenance, and durability attributes.   

Where will power transformers have their greatest success?     

East Asia’s market is expected to boom rapidly and reach a revenue worth US$ 6.5 Bn by the end of 2029. Demand for power transformers is expected to spur in the region, due to growing government spending and efforts in enhancing the power infrastructure & capabilities. MEA will also witness moderate growth in the future.

Which is the key application area of power transformers?

In 2018, power transformers for the residential and commercial sectors held 38% of the total revenue. Demand from these sectors will continue to increase on a robust pace over the forecast period.

What strategies are market players implementing to capitalize on growing need for power transformers?

Market players are focusing on increasing the production outputs and shifting their manufacturing facilities to developing countries in order to reduce operation costs and lead times.

Core Power Transformers Preferred over Shell Counterparts

In 2019, 6 in 10 power transformers sold will be core power transformers, and this preference is mainly attributed to their easy maintenance and low operational costs. Despite having lower mechanical strength and lesser power output than shell power transformers, core power transformers are commonly used in a wide range of low-voltage applications. Leading market players are observing an upsurge in uptake of shell power transformers in high-power applications with a restricted range of industrial applications. This is expected to reflect in more lucrative opportunities of sales for core power transformers in many industrial applications in the coming years.

East Asia Holds 1/4th Revenue Share in Global Market

South and East Asia collectively hold more than one-third revenue share of the power transformer market, with East Asia alone contributing to over 27% revenue of the global market. Leading players are eyeing profitable growth opportunities triggered by establishment of manufacturing industries, infrastructure expansion, and improving electrification in East Asian countries. Meanwhile, the power transformer market in developed regions has reached saturation, which is redirecting market leaders towards developing economies

Higher Installation Costs and Price Point to Stunt Sales

Power transformers are usually manufactured using materials such as copper, aluminum, and steel, which are more expensive than other raw materials used in conventional power distribution systems. Along with the fluctuations in raw material supply and costs, high installation costs of power transformers further add to their price, and this make them more expensive than conventional power distribution systems. While this remains a challenge to the growth of power transformers market, reduced manufacturing costs will be the key developmental strategy of manufacturers.

Single phase power transformers witnessing high demand

Three phase power transformers remain top selling

Core power transformers grow high in sales

Sales of shell power transformers remain sluggish

Dry-type insulation to witness steady demand

Wet-type insulation highly preferred

Adoption in generation step-up remains moderate

Transmission will remain lucrative application area

How Growth will Unfold

Increasing concerns about improving energy efficiency in the power industry is leading to the rise in integration of broad-ranging frequency distribution links in the residential and commercial applications of power transformers. Furthermore, governing bodies, especially in developing economies, are investing heavily in electrification programs in order to enhance their ability to service urban as well as rural residential & commercial loads.

Power Transformers Market Value - By End Use

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

Custom Market Research Services

FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

Overview

Power Transformer Market Analysis 2019 - 2029

Future Market Insights published its recent report on the global power transformer market, which comprises of the global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. It includes a comprehensive assessment of relevant and related market dynamics. After conducting a complete analysis on the historical as well as current growth prospective of the power transformer market, the growth predictions for the market are obtained with maximum accuracy.

Power Transformer Market Taxonomy

The global power transformer market is segmented into six segments in detail to cover every aspect of the market and present complete market intelligence to the reader

Type

  • Core
  • Shell

Insulation

  • Dry
  • Wet

Phase

  • Single Phase
  • Three Phase

End Use

  • Residential & Commercial
  • Utilities
  • Industrial

Voltage

  • 100-200kV
  • 200-400 kV
  • Above 400 kV

Application

  • Generation Step-up
  • Transmission

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

What's Included

The report begins with the executive summary of the power transformer market, which includes a summary of the key findings and statistics. It also includes the market value (~US$ million) estimates of prime segments of the power transformer market.

Readers can find detailed taxonomy and definitions for the power transformer market in this chapter, which will help them understand basic information about the power transformer market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the power transformer market.

The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments and product innovations.

This section includes key inclusions of the report. It includes the product adoption & usage analysis, opportunity analysis, and manufacturer strategies for market expansion.

This section explains the global market volume analysis and forecast for the power transformer market.

This section highlights the average prices of power transformers. The pricing benchmark for manufacturer-level pricing and region-level pricing is analyzed in this section.

This section explains the global market value analysis and forecast for the power transformer market during 2014-2029. This chapter includes detailed analysis of the historical power transformer market, along with an opportunity analysis for the future. Readers can also find absolute $ opportunity for the current year (2019-2020) and incremental $ opportunity for the forecast period (2019-2029).

This chapter explains the key macroeconomic factors that are expected to influence the growth of the power transformer market over the forecast period. This section highlights the opportunity analysis and key market dynamics of the power transformer market such as drivers, restraints, trends, and opportunities.

Based on type, the power transformer market is segmented into core and shell. In this chapter, readers can find information about the key trends and developments in the power transformer market and market attractiveness analysis based on type.

This chapter provides details about the power transformer market on the basis of insulation – dry and wet. In this chapter, readers can also understand the market attractiveness analysis for these divisions.

Based on voltage, the power transformer market is segmented into 100-200kV, 200-400 kV, and above 400 kV power transformers. In this chapter, readers can find information about the key trends and developments in the power transformer market and market attractiveness analysis based on voltage rating.

This chapter provides details about the power transformer market on the basis of phase – single phase and three phase. In this chapter, readers can also understand the market attractiveness analysis for these divisions.

This chapter provides details about the power transformer market on the basis of end use– residential & commercial, utilities, and industrial. In this chapter, readers can understand the market attractiveness analysis based on end use.

This chapter provides details about the power transformer market on the basis of application – generation step-up and transmission. In this chapter, readers can also understand the market attractiveness analysis for these divisions.

This chapter explains how the power transformer market will grow across several geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).

This chapter includes detailed analysis of the growth of the power transformer market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end uses and countries in North America.

This chapter provides the growth scenario of the power transformer market in Latin American countries such as Mexico, Brazil, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.

This chapter provides the growth scenario of the power transformer market in the Europe region with detailed country level analysis of Germany, the U.K., Spain, France, Italy, BENELUX, Russia, and the Rest of Europe.

This chapter provides the growth scenario of the power transformer market in South Asian countries such as India, Thailand, Indonesia, Malaysia, and the Rest of South Asia. Along with this, an assessment of the market across target segments has been provided.

This chapter provides the growth scenario of the power transformer market in East Asian countries such as Japan, China, and South Korea. Along with this, an assessment of the market across target segments has been provided.

This chapter provides the growth scenario of the power transformer market in countries in Oceania such as Australia and New Zealand. Along with this, an assessment of the market across target segments has been provided.

This chapter provides the growth scenario of the power transformer market in countries in Middle East & Africa such as GCC countries, Turkey, Northern Africa, South Africa and the Rest of MEA. Along with this, an assessment of the market across target segments has been provided.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the power transformer market, along with their market presence analysis by region and product portfolio.

This chapter includes company overview, revenue shares, strategic overview, and recent company developments. Some of the key market players featured in the report are ABB, General Electric, Schneider Electric, Siemens AG, Toshiba Corporation, Eaton, and Kirloskar Electric, among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the power transformer market report.

This chapter helps readers understand the research methodology followed to obtain several conclusions as well as important qualitative and quantitative information about the power transformer market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
    • EIA
    • IMF
    • Worldbank
  • Industry Associations
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits power transformer market designation

Primary Interview Splits power transformer market stakeholders

To Learn More About our Comprehensive Perspective on Power Transformer Market,

Get in touch

Harish Tiwari

Global Head - Business Development

Akshay Godge

Client Partner - Global Business Development

COVID -19 : Impact Analysis

Request the coronavirus impact analysis across industries and markets

Request Covid -19 Impact

Our Clients


CASE STUDIES

See how our work makes an impact.

At FMI, we design strategies that are adaptive, impactful, and implementable.

Request Sample Ask An Analyst Request Methodology