The global power transformer market size was US$ 34.06 billion in 2021. The global power transformer market size is forecast to reach US$ 86.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2022 to 2030.
Power transformers are types of transformers used to receive low voltage generator power and to distribute it to distribution channels across the power grid network. The power grid relies on it to transmit power from one network to another without changing its frequency. Electricity generated at low voltage is cost-effective, but it has a high line current. It results in higher line losses. By increasing the voltage of the incoming power, the transmission of power becomes more efficient. Consequently, a power transformer mostly works on stepping up the voltage. Power transformers are thus essential for power transmission.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The outbreak of the COVID-19 pandemic has already affected various industries, including the power transformer industry. Due to the closure of the commercial and industrial sectors, the lockdown phase has affected power distribution companies financially. As a result, demand for power transformers has declined in several countries following the lockdown announcement.
Regional Insights
The Asia Pacific region accounted for a large share in the market and is forecast to lead the market over the forecast period with a high CAGR. In this region, the developing countries are continuously updating and upgrading existing distribution channels and transmission infrastructure to meet the needs of electricity, stable economic growth, and improving access to electricity are adding fuel to the growth of the global market revenues. Furthermore, the rise in foreign investments for the expansion of infrastructure and large-scale power plants in India, Japan, and China further contributes to the regional market growth.
Leading Competitors
The leading prominent companies profiled in the global power transformer market are:
Scope of the Report
The global power transformer market segmentation focuses on Rating and Region.
Segmentation based on Rating
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL POWER TRANSFORMER MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
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
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL POWER TRANSFORMER MARKET, BY RATING
5.1 OVERVIEW
5.2 LOW (5 MVA TO 100 MVA)
5.3 MEDIUM (100 MVA TO 500 MVA)
5.4 HIGH (ABOVE 500 MVA)
6 GLOBAL POWER TRANSFORMER MARKET, BY GEOGRAPHY
6.1 OVERVIEW
6.2 NORTH AMERICA
6.2.1 NORTH AMERICA MARKET SNAPSHOT
6.2.2 U.S.
6.2.3 CANADA
6.2.4 MEXICO
6.3 EUROPE
6.3.1 EUROPE MARKET SNAPSHOT
6.3.2 WESTERN EUROPE
6.3.2.1 THE UK
6.3.2.2 GERMANY
6.3.2.3 FRANCE
6.3.2.4 ITALY
6.3.2.5 SPAIN
6.3.2.6 REST OF WESTERN EUROPE
6.3.3 EASTERN EUROPE
6.3.3. 1 POLAND
6.3.3.2 RUSSIA
6.3.3.3 REST OF EASTERN EUROPE
6.4 ASIA PACIFIC
6.4.1 ASIA PACIFIC MARKET SNAPSHOT
6.4.2 CHINA
6.4.3 JAPAN
6.4.4 INDIA
6.4.5 AUSTRALIA & NEW ZEALAND
6.4.6 ASEAN
6.4.7 REST OF ASIA PACIFIC
6.5 MIDDLE EAST & AFRICA
6.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
6.5.2 UAE
6.5.3 SAUDI ARABIA
6.5.4 SOUTH AFRICA
6.5.5 REST OF MEA
6.6 SOUTH AMERICA
6.6.1 SOUTH AMERICA MARKET SNAPSHOT
6.6.2 BRAZIL
6.6.3 ARGENTINA
6.6.4 REST OF SOUTH AMERICA
7 GLOBAL POWER TRANSFORMER MARKET COMPETITIVE LANDSCAPE
7.1 OVERVIEW
7.2 COMPANY MARKET RANKING
7.3 KEY DEVELOPMENT STRATEGIES
8 COMPANY PROFILES
8.1 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED
8.1.1 OVERVIEW
8.1.2 FINANCIAL PERFORMANCE
8.1.3 PRODUCT OUTLOOK
8.1.4 KEY DEVELOPMENTS
8.2 SIEMENS AG
8.2.1 OVERVIEW
8.2.2 FINANCIAL PERFORMANCE
8.2.3 PRODUCT OUTLOOK
8.2.4 KEY DEVELOPMENTS
8.3 SCHNEIDER ELECTRIC SE
8.3.1 OVERVIEW
8.3.2 FINANCIAL PERFORMANCE
8.3.3 PRODUCT OUTLOOK
8.3.4 KEY DEVELOPMENTS
8.4 TBEA CO. LIMITED
8.4.1 OVERVIEW
8.4.2 FINANCIAL PERFORMANCE
8.4.3 PRODUCT OUTLOOK
8.4.4 KEY DEVELOPMENTS
8.5 EMCO LIMITED
8.5.1 OVERVIEW
8.5.2 FINANCIAL PERFORMANCE
8.5.3 PRODUCT OUTLOOK
8.5.4 KEY DEVELOPMENTS
8.6 KIRLOSKAR ELECTRIC CO. LIMITED
8.6.1 OVERVIEW
8.6.2 FINANCIAL PERFORMANCE
8.6.3 PRODUCT OUTLOOK
8.6.4 KEY DEVELOPMENTS
8.7 TOSHIBA CORPORATION
8.7.1 OVERVIEW
8.7.2 FINANCIAL PERFORMANCE
8.7.3 PRODUCT OUTLOOK
8.7.4 KEY DEVELOPMENTS
8.8 HITACHI LIMITED
8.8.1 OVERVIEW
8.8.2 FINANCIAL PERFORMANCE
8.8.3 PRODUCT OUTLOOK
8.8.4 KEY DEVELOPMENTS
8.9 BHARAT HEAVY ELECTRICALS LIMITED
8.9.1 OVERVIEW
8.9.2 FINANCIAL PERFORMANCE
8.9.3 PRODUCT OUTLOOK
8.9.4 KEY DEVELOPMENTS
8.10 GENERAL ELECTRIC COMPANY
8.10.1 OVERVIEW
8.10.2 FINANCIAL PERFORMANCE
8.10.3 PRODUCT OUTLOOK
8.10.4 KEY DEVELOPMENTS
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