PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1109320
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1109320
Global Transformer Growth Opportunities
Greater Grid Resiliency, Increased Grid Intelligence, and Security of Supply-All Key Drivers of Future Growth
Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers. The global transformer market revenue is expected to reach $64.24 billion in 2030; a market rebound is expected from 2022 onward. Though a mature market, the demand for both power and distribution transformers will be boosted by strong growth in electricity demand, rising rate of electrification, economic growth, and increasing population across China, India, Asia, the Middle East, and Africa. In addition, ageing power grid leading to wider market adoption of electrification and the transition from fossil fuel to clean energy will boost the demand for T&D equipment, primarily transformers.
Power transmission bottlenecks, such as underdeveloped infrastructure causing losses and overloading of transmission lines will encourage effort toward higher regional interconnectivity, leading to the development of high-voltage transmission systems and higher power transformer demand. Grid hardening, grid modernization, urgent network upgrades, and improved system resilience will have a positive bearing on market demand. Industry development will be directed toward higher adoption of energy-efficient and intelligent transformers and ecofriendly/green transformers.
This research service analyzes the most recent trends in North America, Europe, Asia, India, China, Latin America, and Rest of World. The study also offers an overview of the power and distribution transformer market and, technology segments by liquid and dry type, current and future trends. Frost and Sullivan has analyzed key country markets and regions, and growth drivers and restraints that are likely to impact growth and determine the market potential of power distribution transformers over the next decade.
Key Issues Addressed:
- How big is the power and distribution transformer market? At what rate is it expected to grow?
- What are the key drivers and restraints and what impact will they have over the forecast period?
- What are the growth opportunities, and where do they exist for the market participants?
- What are the growth markets? How long will they continue to grow, and at what rate?
- Which technology trends are transforming the global transformer market?
- What are the global and regional market trends in the global transformer market?
Table of Contents
Strategic Imperatives
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the Transformer Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
Growth Opportunity Analysis-Transformer
- Key Findings
- Scope of Analysis
- Key Competitors
- Energy Industry Mega Trends Impacting the Transformer Industry
- Transformers Market
- Transformers Market (continued)
- Transformers Market (continued)
- Forecast Assumptions and Research Methodology
- Growth Metrics
- Growth Metrics (continued)
- Growth Drivers
- Growth Restraints
- Revenue Forecast
- Revenue Forecast by Technology Type
- Revenue Forecast by Distribution Transformer Technology Type
- Revenue Forecast by Region
- Revenue Forecast Analysis by Region
- Revenue Forecast Analysis by Region (continued)
- Competitive Environment, 2021
- Revenue Share
- Revenue Share Analysis
- Revenue Share Analysis (continued)
- Revenue Share Analysis (continued)
Growth Opportunity Analysis-North America
- Growth Metrics
- Growth Metrics (continued)
- Revenue Forecast
- Revenue Forecast by Technology Type
- Revenue Forecast by Distribution Transformer Technology Type
- Revenue Forecast by Country
- Revenue Forecast Analysis
Growth Opportunity Analysis-Europe
- Growth Metrics
- Growth Metrics (continued)
- Revenue Forecast
- Revenue Forecast by Technology Type
- Revenue Forecast by Distribution Transformer Technology Type
- Revenue Forecast by Country
- Revenue Forecast Analysis
- Transformer Trends
Growth Opportunity Analysis-China
- Growth Metrics
- Growth Metrics (continued)
- Revenue Forecast
- Revenue Forecast by Technology Type
- Revenue Forecast by Distribution Transformer Technology Type
- Revenue Forecast Analysis
- Revenue Forecast Analysis (continued)
Growth Opportunity Analysis-India
- Growth Metrics
- Key Growth Metrics
- Revenue Forecast
- Revenue Forecast by Technology Type
- Revenue Forecast by Distribution Transformer Technology Type
- Revenue Forecast Analysis
- Revenue Forecast Analysis (continued)
Growth Opportunity Analysis-Asia-Pacific
- Growth Metrics
- Growth Metrics (continued)
- Revenue Forecast
- Revenue Forecast by Technology Type
- Revenue Forecast by Distribution Transformer Technology Type
- Revenue Forecast by Subregion
- Revenue Forecast Analysis
- Revenue Forecast Analysis (continued)
- Revenue Forecast Analysis (continued)
- Revenue Forecast Analysis (continued)
- Revenue Forecast Analysis (continued)
- Revenue Forecast Analysis (continued)
- Revenue Forecast Analysis (continued)
- Revenue Forecast Analysis (continued)
Growth Opportunity Analysis-LATAM
- Growth Metrics
- Growth Metrics (continued)
- Revenue Forecast
- Revenue Forecast by Technology Type
- Revenue Forecast by Distribution Transformer Technology Type
- Revenue Forecast Analysis
- Revenue Forecast Analysis (continued)
Growth Opportunity Analysis-RoW
- Growth Metrics
- Growth Metrics (continued)
- Revenue Forecast
- Revenue Forecast by Technology Type
- Revenue Forecast by Distribution Transformer Technology Type
- Revenue Forecast by Subregion
- Revenue Forecast Analysis
- Revenue Forecast Analysis (continued)
Growth Opportunity Universe, Transformer Market
- Growth Opportunity 1-Transformers with Built-in Intelligence and Smart Capabilities Pivotal for the Smart Grid
- Growth Opportunity 1-Transformers with Built-in Intelligence and Smart Capabilities Pivotal for the Smart Grid (continued)
- Growth Opportunity 2-Advanced Digital Services to Add More Value to the Production Process and Performance Management of Digitally Enabled Assets
- Growth Opportunity 2-Advanced Digital Services to Add More Value to the Production Process and Performance Management of Digitally Enabled Assets (continued)
- Growth Opportunity 3-As-a-service Business Models to Enable Superior Customer Experience
- Growth Opportunity 3-As-a-service Business Models to Enable Superior Customer Experience (continued)
- Growth Opportunity 4-Transformer Development towards Becoming Green and Eco-friendly
- Growth Opportunity 4-Transformer Development towards Becoming Green and Eco-friendly (continued)
Appendix
- Acronyms
Next Steps
- Your Next Steps
- Why Frost, Why Now?
- List of Exhibits
- List of Exhibits (continued)
- List of Exhibits (continued)
- Legal Disclaimer
