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PUBLISHER: BCC Research | PRODUCT CODE: 1271998

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PUBLISHER: BCC Research | PRODUCT CODE: 1271998

Global Markets for Transformers

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Highlights:

The global transformers market should reach $81.6 billion by 2027 from $49.3 billion in 2022 at a compound annual growth rate (CAGR) of 10.6% for the forecast period of 2022 to 2027.

Asia-Pacific transformers market is expected to grow from $21.8 billion in 2022 to $39 billion in 2027 at a CAGR of 12.3% for the forecast period of 2022 to 2027.

European transformers market is expected to grow from $12.8 billion in 2022 to $20.8 billion in 2027 at a CAGR of 10.2% for the forecast period of 2022 to 2027.

Report Scope:

This report analyzes different transformer types, capacity ratings, phases, insulation types, mounting locations, end-use industries, and regional market development of transformers. Furthermore, we also segment the market analysis by major countries in this report, such as the U.S., China, Germany, India, and others, where the opportunities for transformers are lucrative.

The report is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current, and future market scenarios. The report also covers leading companies with information on product types, business footprint, revenue, and more. We have also included a list of other companies in global and regional markets. Also, the report consists of a patent analysis for the transformer market, representing a significant investment area for investors.

The report incorporates the impacts of COVID-19 and the Russia-Ukraine war on the global and regional markets.

In this report, 2021 is used as the market's base year, estimated values are provided for 2022, and the market values are forecast from 2022 to 2027. All market values are provided in millions of dollars, and market shares and CAGRs are provided in percentages.

Report Includes:

  • 53 tables and 28 additional tables
  • An up-to-date overview and industry analysis of the global markets for electrical transformers
  • Analyses of the global market trends, with historic market revenue data (sales figures) for 2021, estimates for 2022, forecasts for 2023, and projections of compound annual growth rates (CAGRs) through 2027
  • Estimation of the actual market size and revenue forecast for global transformers market in USD million terms, and corresponding market share analysis by type, capacity rating, phase, insulation type, end-use industry, and region
  • In-depth information (facts and figures) concerning the major factors influencing the progress of this market (benefits, and industry-specific challenges) with respect to specific growth trends, upcoming technologies, future prospects, and contributions to the overall market
  • Analysis of market opportunities with a holistic study of Porter's Analysis and PESTLE Analysis for relevant geographic regions in the global transformer industry
  • Insight into the recent industry structure, competitive aspects of each product segment, increasing investment on R&D activities to develop low-cost advanced transformer technologies, market development strategies, and company value share analysis
  • Identification of major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, segmental revenues, and operational integration
  • Review of key patent grants and significant allotments of recent patents across each major category
  • Descriptive company profiles of the market leading players, including ABB Ltd., BHEL, DAIHEN Corp., General Electric Co., Mitsubishi Electric Corp. and Siemens AG
Product Code: EGY132C

Table of Contents

Chapter 1 Introduction

  • 1.1 Overview
  • 1.2 Study Goals and Objectives
  • 1.3 Reasons for Doing This Study
  • 1.4 What's New in This Update?
  • 1.5 Scope of Report
  • 1.6 Information Sources
  • 1.7 Intended Audience
  • 1.8 Research Methodology
  • 1.9 Regional Breakdown
  • 1.10 Analyst's Credentials
  • 1.11 BCC Custom Research
  • 1.12 Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

  • 3.1 Current Market Overview
  • 3.2 Classification of Insulating Materials Used in Transformers
  • 3.3 Necessity of Upgrading Oil Transformers
  • 3.4 Signs That Indicate Transformer Needs Maintenance
  • 3.5 Different Types of Transformer Failure Modes
  • 3.6 Causes of Failures in Transformer by Type
  • 3.7 Transformers Types
  • 3.8 Value Chain Analysis for the Transformers Market
  • 3.9 Porter's Five Forces Model
  • 3.10 PESTLE Analysis
  • 3.11 COVID-19's Impact on the Global Transformer Market
  • 3.12 Russia--Ukraine War Impact on the Global Transformer Market

Chapter 4 Global Market Dynamics

  • 4.1 Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Current Market Trends
  • 4.5 Market Opportunities

Chapter 5 Market Breakdown by Type

  • 5.1 Overview
  • 5.2 Global Market by Type
  • 5.3 North American Market by Type
  • 5.4 European Market by Type
  • 5.5 Asia-Pacific Market by Type
  • 5.6 Rest of the World Market by Type

Chapter 6 Market Breakdown by Capacity Rating

  • 6.1 Overview
  • 6.2 Global Market by Capacity Rating
  • 6.3 North American Market by Capacity Rating
  • 6.4 European Market by Capacity Rating
  • 6.5 Asia-Pacific Market by Capacity Rating
  • 6.6 Rest of the World Market by Capacity Rating

Chapter 7 Market Breakdown by Phase

  • 7.1 Overview
  • 7.2 Global Market by Phase
  • 7.3 North American Market by Phase
  • 7.4 European Market by Phase
  • 7.5 Asia-Pacific Market by Phase
  • 7.6 Rest of the World Market by Phase

Chapter 8 Market Breakdown by Insulation Type

  • 8.1 Overview
  • 8.2 Global Market, by Insulation Type
    • 8.2.1 Solid
    • 8.2.2 Oil
    • 8.2.3 Gas
  • 8.3 North American Market by Insulation Type
  • 8.4 European Market by Insulation Type
  • 8.5 Asia-Pacific Market by Insulation Type
  • 8.6 Rest of the World Market by Insulation Type

Chapter 9 Market Breakdown by Mounting Location

  • 9.1 Overview
  • 9.2 Global Market by Mounting Location
    • 9.2.1 Pad Mounted
    • 9.2.2 Pole Mounted
  • 9.3 North American Market by Mounting Location
  • 9.4 European Market by Mounting Location
  • 9.5 Asia-Pacific Market by Mounting Location
  • 9.6 Rest of the World Market by Mounting Location

Chapter 10 Market Breakdown by End-Use Industry

  • 10.1 Overview
  • 10.2 Global Market by End-Use Industry
    • 10.2.1 Residential and Commercial
    • 10.2.2 Industrial
    • 10.2.3 Power Utilities
  • 10.3 North American Market by End-Use Industry
  • 10.4 European Market by End-Use Industry
  • 10.5 Asia-Pacific by End-Use Industry
  • 10.6 Rest of the World Market by End-Use Industry

Chapter 11 Market Breakdown by Region

  • 11.1 Overview
  • 11.2 North America
    • 11.2.1 North American Transformer Market by Country
  • 11.3 European Market
    • 11.3.1 European Transformer Market by Country
  • 11.4 Asia-Pacific
    • 11.4.1 Asia-Pacific Transformer Market by Country
  • 11.5 Rest of the World Market
    • 11.5.1 Rest of the World Transformer Market by Country

Chapter 12 Patent Analysis

  • 12.1 Overview
  • 12.2 Descriptions of Patents on Transformers

Chapter 13 Competitive Landscape

  • 13.1 Overview
  • 13.2 Market Share Analysis
  • 13.3 Strategic Analysis
  • 13.4 Product Mapping Analysis
    • 13.4.1 Product Mapping Analysis, by Transformer Capacity
  • 13.5 Key Developments
  • 13.6 List of Resources for Transformers

Chapter 14 Company Profiles

  • 14.1 Overview
  • ABB LTD.
  • BHARAT HEAVY ELECTRICALS LIMITED
  • CELME S.R.L.
  • CG POWER AND INDUSTRIAL SOLUTIONS LTD.
  • DAIHEN CORP.
  • EATON CORPORATION PLC
  • GENERAL ELECTRIC CO.
  • HAMMOND POWER SOLUTIONS
  • HYOSUNG HEAVY INDUSTRIES
  • HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD.
  • JIANGSU HUAPENG TRANSFORMER CO. LTD.
  • MITSUBISHI ELECTRIC CORP.
  • SCHNEIDER ELECTRIC
  • SIEMENS AG
  • TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
  • WEG

Chapter 15 Appendix: Acronyms

Product Code: EGY132C

List of Tables

  • Summary Table : Global Market for Transformers, by Region, Through 2027
  • Table 1 : Classification of Insulating Materials
  • Table 2 : Characteristics of Transformer Oil
  • Table 3 : General Overview of the Main Types of Electrical Transformers
  • Table 4 : Loss-Reduction Techniques for Transformers
  • Table 5 : Cost of Transformer for a 750 KVA Transformer
  • Table 6 : Global Market for Transformers, by Type, Through 2027
  • Table 7 : North American Market for Transformers, by Type, Through 2027
  • Table 8 : European Market for Transformers, by Type, Through 2027
  • Table 9 : Asia-Pacific Market for Transformers, by Type, Through 2027
  • Table 10 : Rest of the World Market for Transformers, by Type, Through 2027
  • Table 11 : Global Market for Transformers, by Capacity Rating, Through 2027
  • Table 12 : North American Market for Transformers, by Capacity Rating, Through 2027
  • Table 13 : European Market for Transformers, by Capacity Rating, Through 2027
  • Table 14 : Asia-Pacific Market for Transformers, by Capacity Rating, Through 2027
  • Table 15 : Rest of the World Market for Transformers, by Capacity Rating, Through 2027
  • Table 16 : Global Market for Transformers, by Phase, Through 2027
  • Table 17 : North American Market for Transformers, by Phase, Through 2027
  • Table 18 : European Market for Transformers, by Phase, Through 2027
  • Table 19 : Asia-Pacific Market for Transformers, by Phase, Through 2027
  • Table 20 : Rest of the World Market for Transformers, by Phase, Through 2027
  • Table 21 : Global Market for Transformers, by Insulation Type, Through 2027
  • Table 22 : North American Market for Transformers, by Insulation Type, Through 2027
  • Table 23 : European Market for Transformers, by Insulation Type, Through 2027
  • Table 24 : Asia-Pacific Market for Transformers, by Insulation Type, Through 2027
  • Table 25 : Rest of the World Market for Transformers, by Insulation Type, Through 2027
  • Table 26 : Global Market for Transformers, by Mounting Location, Through 2027
  • Table 27 : North American Market for Transformers, by Mounting Location, Through 2027
  • Table 28 : European Market for Transformers, by Mounting Location, Through 2027
  • Table 29 : Asia-Pacific Market for Transformers, by Mounting Location, Through 2027
  • Table 30 : Rest of the World Market for Transformers, by Mounting Location, Through 2027
  • Table 31 : Global Market for Transformers, by End-Use Industry, Through 2027
  • Table 32 : North American Market for Transformers, by End-Use Industry, Through 2027
  • Table 33 : European Market for Transformers, by End-Use Industry, Through 2027
  • Table 34 : Asia-Pacific Market for Transformers, by End-Use Industry, Through 2027
  • Table 35 : Rest of the World Market for Transformers, by End-Use Industry, Through 2027
  • Table 36 : Global Market for Transformers, by Region, Through 2027
  • Table 37 : North American Market for Transformers, by Country, Through 2027
  • Table 38 : European Market for Transformers, by Country, Through 2027
  • Table 39 : Asia-Pacific Market for Transformers, by Country, Through 2027
  • Table 40 : Rest of the World Market for Transformers, by Region, Through 2027
  • Table 41 : Patents Published on Transformer Components, January 2021-December 2022
  • Table 42 : Number of Patents Published on Transformers, by Top 20 Companies, 2021-2022
  • Table 43 : Competitive Information for Top Players in the Global Transformer Market, 2021
  • Table 44 : Product Mapping Analysis, by Capacity Rating for Top Companies
  • Table 45 : New Product Launches for Key Players, January 2020 to December 2022
  • Table 46 : Acquisitions and Collaborations, by Key Players, January 2020 to December 2022
  • Table 47 : Expansions, by Key Players, January 2020 to March 2023
  • Table 48 : Contracts/Partnership/Agreements/Joint Ventures, by Key Players, January 2021 to March 2023
  • Table 49 : List of Resources Used for Transformers
  • Table 50 : ABB Ltd.: Product Offering
  • Table 51 : ABB Ltd.: Financial Overview, 2019-2021
  • Table 52 : BHEL: Product Portfolio
  • Table 53 : BHEL: Financial Overview, 2019-2021
  • Table 54 : Celme S.R.L.: Product Portfolio
  • Table 55 : CG Power and Industrial Solutions Ltd.: Product Portfolio
  • Table 56 : CG Power and Industrial Solutions Ltd.: Financial Overview, 2019-2021
  • Table 57 : DAIHEN Corp.: Product Portfolio
  • Table 58 : DAIHEN Corp.: Financial Overview, 2019-2021
  • Table 59 : EATON Corporation PLC: Product Portfolio
  • Table 60 : EATON Corporation PLC: Financial Overview, 2019-2021
  • Table 61 : General Electric Co.: Product Portfolio
  • Table 62 : General Electric Co.: Financial Overview, 2020-2022
  • Table 63 : Hammond Power Solutions: Product Portfolio
  • Table 64 : Hammond Power Solutions: Financial Overview, 2019-2021
  • Table 65 : Hyosung Heavy Industries: Product Portfolio
  • Table 66 : Hyosung Heavy Industries: Financial Overview, 2019-2021
  • Table 67 : Hyundai Electric & Energy Systems Co. Ltd.: Product Portfolio
  • Table 68 : Hyundai Electric & Energy Systems Co. Ltd.: Financial Overview, 2019-2021
  • Table 69 : JiangSu HuaPeng Transformer Co. Ltd.: Product Portfolio
  • Table 70 : Mitsubishi Electric Corp.: Product Portfolio
  • Table 71 : Mitsubishi Electric Corp.: Financial Overview, 2019-2021
  • Table 72 : Schneider Electric: Product Portfolio
  • Table 73 : Schneider Electric: Financial Overview, 2019-2021
  • Table 74 : Siemens AG: Product Portfolio
  • Table 75 : Siemens AG: Financial Overview, 2019-2021
  • Table 76 : Toshiba Energy Systems & Solutions Corporation Product Portfolio
  • Table 77 : Toshiba Energy Systems & Solutions Corporation: Financial Overview, 2019-2021
  • Table 78 : WEG: Product Portfolio
  • Table 79 : WEG: Financial Overview, 2019-2021
  • Table 80 : Acronyms and Abbreviations Used in This Report

List of Figures

  • Summary Figure : Global Market Shares of Transformers, by Region, 2021
  • Figure 1 : Properties of Insulating Materials
  • Figure 2 : Insulating Materials Used in Transformer
  • Figure 3 : Usage of Kraft Paper in the Transformers
  • Figure 4 : Forms of Pressboards and Usage in Transformers
  • Figure 5 : Signs Indicating Transformer Needs Inspection
  • Figure 6 : Causes of Failures in Transformer, by Type
  • Figure 7 : Causes of Failures in Transformer, by Bushings
  • Figure 8 : Value Chain Analysis for the Transformer Market
  • Figure 9 : Porter's Five Forces Model for the Transformer Market
  • Figure 10 : PESTLE Analysis for Transformer Market
  • Figure 11 : Global Market Dynamics
  • Figure 12 : Investments in Digital Infrastructure in Transmission and Distribution Electricity Grids, 2017-2021
  • Figure 13 : Capacity Addition of Renewable Energy, 2019-2027
  • Figure 14 : Increasing Electricity Consumption, by Region, 2020 and 2021
  • Figure 15 : Restraints on the Global Market
  • Figure 16 : Current Trends in the Global Market
  • Figure 17 : Growing Investment in Electricity Grid, 2017-2021
  • Figure 18 : Opportunities in the Global Transformer Market
  • Figure 19 : Growing Investment in Greenfield FDI Projects, 2017-2021
  • Figure 20 : Global Market Shares of Transformers, by Type, 2021
  • Figure 21 : North American Market Shares of Transformers, by Type, 2021
  • Figure 22 : European Market Shares of Transformers, by Type, 2021
  • Figure 23 : Asia-Pacific Market Shares of Transformers, by Type, 2021
  • Figure 24 : Rest of the World Market Shares of Transformers, by Type, 2021
  • Figure 25 : Global Market Shares of Transformers, by Capacity Rating, 2021
  • Figure 26 : North American Market Shares of Transformers, by Capacity Rating, 2021
  • Figure 27 : European Market Shares of Transformers, by Capacity Rating, 2021
  • Figure 28 : Asia-Pacific Market Shares of Transformers, by Capacity Rating, 2021
  • Figure 29 : Rest of the World Market Shares of Transformers, by Capacity Rating, 2021
  • Figure 30 : Global Market Shares of Transformers, by Phase, 2021
  • Figure 31 : North American Market Shares of Transformers, by Phase, 2021
  • Figure 32 : European Market Shares of Transformers, by Phase, 2021
  • Figure 33 : Asia-Pacific Market Shares of Transformers, by Phase, 2021
  • Figure 34 : Rest of the World Market Shares of Transformers, by Phase, 2021
  • Figure 35 : Global Market Shares of Transformers, by Insulation Type, 2021
  • Figure 36 : North American Market Shares of Transformers, by Insulation Type, 2021
  • Figure 37 : European Market Shares of Transformers, by Insulation Type, 2021
  • Figure 38 : Asia-Pacific Market Shares of Transformers, by Insulation Type, 2021
  • Figure 39 : Rest of the World Market Shares of Transformers, by Insulation Type, 2021
  • Figure 40 : Global Market Shares of Transformers, by Mounting Location, 2021
  • Figure 41 : North American Market Shares of Transformers, by Mounting Location, 2021
  • Figure 42 : European Market Shares of Transformers, by Mounting Location, 2021
  • Figure 43 : Asia-Pacific Market Shares of Transformers, by Mounting Location, 2021
  • Figure 44 : Rest of the World Market Shares of Transformers, by Mounting Location, 2021
  • Figure 45 : Global Market Shares of Transformers, by End-Use Industry, 2021
  • Figure 46 : North American Market Shares of Transformers, by End-Use Industry, 2021
  • Figure 47 : European Market Shares of Transformers, by End-Use Industry, 2021
  • Figure 48 : Asia-Pacific Market Shares of Transformers, by End-Use Industry, 2021
  • Figure 49 : Rest of the World Market Shares of Transformers, by End-Use Industry, 2021
  • Figure 50 : Global Market Shares of Transformers, by Region, 2021
  • Figure 51 : North American Market Shares of Transformers, by Country, 2021
  • Figure 52 : European Market Shares of Transformers, by Country, 2021
  • Figure 53 : Asia-Pacific Market Shares of Transformers, by Country, 2021
  • Figure 54 : Rest of the World Market Shares of Transformers, by Region, 2021
  • Figure 55 : Shares of Patents Published on Transformers, by Assignee Country, 2021
  • Figure 56 : Shares of Patents Published on Transformers, by Assignee Country, 2022*
  • Figure 57 : Global Transformers Top Players Shares, Strategic Analysis
  • Figure 58 : ABB Ltd.: Revenue Share, by Business Segment, 2021
  • Figure 59 : ABB Ltd.: Revenue Share, by Region, 2021
  • Figure 60 : ABB Ltd.: SWOT Analysis
  • Figure 61 : BHEL: Revenue Share, by Business Segment, 2021
  • Figure 62 : BHEL: Revenue Share, by Region, 2021
  • Figure 63 : BHEL: SWOT Analysis
  • Figure 64 : Celme S.R.L.: SWOT Analysis
  • Figure 65 : CG Power and Industrial Solutions Ltd.: Revenue Share, by Business Segment, 2021
  • Figure 66 : CG Power and Industrial Solutions Ltd.: Revenue Share, by Region, 2021
  • Figure 67 : CG Power and Industrial Solutions Ltd.: SWOT Analysis
  • Figure 68 : DAIHEN Corp.: Revenue Share, by Business Segment, 2021
  • Figure 69 : DAIHEN Corp.: Revenue Share, by Region/Country, 2021
  • Figure 70 : DAIHEN Corp.: SWOT Analysis
  • Figure 71 : EATON Corporation PLC: Revenue Share, by Business Segment, 2021
  • Figure 72 : EATON Corporation PLC: Revenue Share, by Region/Country, 2021
  • Figure 73 : EATON Corporation PLC: SWOT Analysis
  • Figure 74 : General Electric Co.: Revenue Share, by Business Segment, 2022
  • Figure 75 : General Electric Co.: Revenue Share, by Region/Country, 2022
  • Figure 76 : General Electric Co.: SWOT Analysis
  • Figure 77 : Hammond Power Solutions: Revenue Share, by Country, 2021
  • Figure 78 : Hammond Power Solutions: SWOT Analysis
  • Figure 79 : Hyosung Heavy Industries: Revenue Share, by Region/Country, 2021
  • Figure 80 : Hyosung Heavy Industries: SWOT Analysis
  • Figure 81 : Hyundai Electric & Energy Systems Co. Ltd.: Revenue Share, by Region/Country, 2021
  • Figure 82 : Hyundai Electric & Energy Systems Co. Ltd.: SWOT Analysis
  • Figure 83 : JiangSu HuaPeng Transformer Co. Ltd.: SWOT Analysis
  • Figure 84 : Mitsubishi Electric Corp.: Revenue Share, by Business Segment, 2021
  • Figure 85 : Mitsubishi Electric Corp.: Revenue Share, by Region/Country, 2021
  • Figure 86 : Mitsubishi Electric Corp.: SWOT Analysis
  • Figure 87 : Schneider Electric: Revenue Share, by Business Segment, 2021
  • Figure 88 : Schneider Electric: Revenue Share, by Region, 2021
  • Figure 89 : Schneider Electric: SWOT Analysis
  • Figure 90 : Siemens AG: Revenue Share, by Business Segment, 2021
  • Figure 91 : Siemens AG: Revenue Share, by Region, 2021
  • Figure 92 : Siemens AG: SWOT Analysis
  • Figure 93 : Toshiba Energy Systems & Solutions Corporation: Revenue Share, by Business Segment, 2021
  • Figure 94 : Toshiba Energy Systems & Solutions Corporation: Revenue Share, by Region/Country, 2021
  • Figure 95 : Toshiba Energy Systems & Solutions Corporation: SWOT Analysis
  • Figure 96 : WEG: SWOT Analysis
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