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Market Research Report

Global Power Transformer Market Research Report - Forecast to 2023

Published by Market Research Future Product code 711687
Published Content info 90 Pages
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Global Power Transformer Market Research Report - Forecast to 2023
Published: August 8, 2018 Content info: 90 Pages
Description

Power transformer can be defined as a technology that delivers a preference to source power as and when required without lapsing to conventional energy sources. These energy systems are extremely efficient and acts as flexible generation when needed. Power transformer systems can contribute to ideal use of generation and grid assets, and support emissions reductions in numerous economic sectors. The global power transformer market is expected to grow and register a CAGR of 8.65% over the forecast period. Some of the prominent drivers supporting the growth of global power transformer market are rise in transmission and distribution infrastructure investments and growth in renewable energy sector. However, high initial costs of power transformeris the restraining factor for the power transformer market.

For the study, the global power transformer market has been segmented based on cooling type, power rating and region. Based on the cooling type, the market has been segmented into oil-cooled transformer and air-cooled transformer. Among them, oil-cooled transformer segment is dominating due to the winding and core are immersed in mineral oil, which is a good electrical insulator to block the current flow through the oil for efficient heat removal from the windings and core. Based on the power rating, the market has been segmented into small power, medium power and large power. Among them, small power dominating the market transformers as it includes more than three windings, single phase, auto-transformer, special cooling, and low noise generating. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The key players of the Global Power Transformer Market are ABB Ltd., (Switzerland), Schneider Electric (France), Siemens AG (Germany), Crompton Greaves Ltd. (India), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Bharat Heavy Electricals Limited (India), Hyosung Power & Industrial Solutions (South Korea) and SPX Transformer Solutions, Inc. (U.S.), SGB-SMIT Group (Germany), and Hyundai Electric & Energy Systems Co., Ltd. (South Korea).

Objectives of Global Power Transformer Market Analysis & Forecast, 2017 - 2023

  • To provide a detailed analysis of the market structure along with a forecast for the next six years in various segments and sub-segments of the global power transformer market
  • To analyze the global power transformer market based on various tools such as Supply Chain Analysis, and Porter's Five Forces Analysis
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
  • To provide country-level analysis of the market with respect to the current market size and prospects
  • To provide country-level analysis of the market for segments by cooling type, power rating, and region
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the power transformer market

Target Audience

  • Manufactures
  • Research Institute & education institute
  • Power industry
  • Energy and utilities
  • Transmission and distribution industry
  • Health, safety, and environmental organizations

Key Findings

  • The global power transformer market is estimated to reach USD 34,510.2 million by 2023.
  • By cooling type, oil-cooled transformer accounted for the largest market share of 57.2% in 2017, with a market value of USD 12,067.2 million and is projected to grow at the highest CAGR of 8.98% during the forecast period.
  • Based on power rating, small power for the largest market share of 45.5% in 2017, with a market value of USD 9,593.0 million and is projected to grow at the highest CAGR of 8.93% during the forecast period.
  • Geographically, Asia Pacific has been projected to have the largest market share of 42.8% in the global power transformer market.

Regional and Country Analysis of global power transformer market Estimation and Forecast

Geographically, Asia Pacific is the fastest growing region for global power transformer market. The region is need to update and upgrade its existing transmission and distribution infrastructure to serve the growing demand for electricity will lead to a growth of the transformer market over the forecast period. In the emerging economies of Asia-Pacific, extensive power plant capacity additions, economic growth, and the need to improve access to electricity are driving grid extension in power transformer market.

Furthermore, the increased investment and spending in the transmission and distribution sector due to fullfilment of electricity in rural areas is the driving force for power transformer market. Asia Pacific has one of the fastest growing developing economy in terms of power and infrastsructure and there have been various government programs to bring technological advancement and allocate budget for developments in this particular sector.

The reports also cover country-level analysis:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Rest of Asia Pacific

Rest of the World

  • Latin America
  • Middle East
  • Africa
Table of Contents

Table of Contents

1 Executive Summary

2 Market Introduction

  • 2.1 Definition
  • 2.2 Scope of the Study
  • 2.3 List of Assumptions
  • 2.4 Market Structure

3 Research Methodology

  • 3.1 Research Process
  • 3.2 Primary Research
  • 3.3 Secondary Research
  • 3.4 Market Size Estimation
  • 3.5 Forecast Model

4 Market Dynamics

  • 4.1 Introduction
  • 4.2 Drivers
    • 4.2.1 Rise in transmission and distribution infrastructure investments
    • 4.2.2 Growth in renewable energy sector
    • 4.2.3 Drivers Impact Analysis
  • 4.3 Restraints
    • 4.3.1 High initial costs of power transformer
    • 4.3.2 Service interruption due to the losses
    • 4.3.3 Restraints Impact Analysis
  • 4.4 Opportunity
    • 4.4.1 Global rise in electricity demand

5 Market Factor Analysis

  • 5.1 Supply Chain Analysis
    • 5.1.1 Raw Material Suppliers
    • 5.1.2 Manufactures & Assemblers
    • 5.1.3 End User
  • 5.2 Porter's Five Forces Model
    • 5.2.1 Threat of New Entrants
    • 5.2.2 Bargaining Power of Suppliers
    • 5.2.3 Bargaining Power of Buyers
    • 5.2.4 Threat of Substitutes
    • 5.2.5 Intensity of Rivalry

6 Global Power Transformer Market, By Cooling Type

  • 6.1 Overview
    • 6.1.1 Oil-Cooled Transformer
    • 6.1.2 Air-Cooled Transformer

7 Global Power Transformer Market, By Power Rating

  • 7.1 Overview
    • 7.1.1 Small Power
    • 7.1.2 Medium Power
    • 7.1.3 Large Power

8 Global Power Transformer Market, By Region

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 U.S.
    • 8.2.2 Canada
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 U.K
    • 8.3.3 Russia
    • 8.3.4 France
    • 8.3.5 Rest of Europe
  • 8.4 Asia-Pacific
    • 8.4.1 China
    • 8.4.2 India
    • 8.4.3 Japan
    • 8.4.4 Rest of Asia-Pacific
  • 8.5 Rest of the World
    • 8.5.1 Latin America
    • 8.5.2 Middle East
    • 8.5.3 Africa

9 Competitive Landscape

  • 9.1 Competitive Landscape

10 Company Profile

  • 10.1 ABB Ltd.
    • 10.1.1 Company Overview
    • 10.1.2 Financial Overview
    • 10.1.3 Products Offerings
    • 10.1.4 Key Developments
    • 10.1.5 SWOT Analysis
    • 10.1.6 Key Strategy
  • 10.2 Schneider Electric SE
    • 10.2.1 Company Overview
    • 10.2.2 Financial Overview
    • 10.2.3 Products Offerings
    • 10.2.4 Key developments
    • 10.2.5 SWOT Analysis
    • 10.2.6 Key Strategy
  • 10.3 Siemens AG
    • 10.3.1 Company Overview
    • 10.3.2 Financial Overview
    • 10.3.3 Products Offerings
    • 10.3.4 Key Developments
    • 10.3.5 SWOT Analysis
    • 10.3.6 Key Strategy
  • 10.4 Crompton Greaves Ltd.
    • 10.4.1 Company Overview
    • 10.4.2 Financial Overview
    • 10.4.3 Products Offerings
    • 10.4.4 Key Developments
    • 10.4.5 SWOT Analysis
    • 10.4.6 Key Strategy
  • 10.5 Mitsubishi Electric Corporation
    • 10.5.1 Company Overview
    • 10.5.2 Financial Overview
    • 10.5.3 Products Offerings
    • 10.5.4 Key developments
    • 10.5.5 SWOT Analysis
    • 10.5.6 Key Strategy
  • 10.6 Toshiba Corporation
    • 10.6.1 Company Overview
    • 10.6.2 Financial Overview
    • 10.6.3 Products Offerings
    • 10.6.4 Key developments
    • 10.6.5 SWOT Analysis
    • 10.6.6 Key Strategy
  • 10.7 Bharat Heavy Electricals Limited
    • 10.7.1 Company Overview
    • 10.7.2 Financial Overview
    • 10.7.3 Products Offerings
    • 10.7.4 Key developments
    • 10.7.5 SWOT Analysis
    • 10.7.6 Key Strategy
  • 10.8 Hyosung Power & Industrial Solutions
    • 10.8.1 Company Overview
    • 10.8.2 Financial Overview
    • 10.8.3 Products Offerings
    • 10.8.4 Key developments
    • 10.8.5 SWOT Analysis
    • 10.8.6 Key Strategy
  • 10.9 SPX Transformer Solutions, Inc.
    • 10.9.1 Company Overview
    • 10.9.2 Financial Overview
    • 10.9.3 Products Offerings
    • 10.9.4 Key developments
    • 10.9.5 SWOT Analysis
    • 10.9.6 Key Strategy
  • 10.1 SGB-SMIT Group
    • 10.10.1 Company Overview
    • 10.10.2 Financial Overview
    • 10.10.3 Product Offerings
    • 10.10.4 Key developments
    • 10.10.5 SWOT ANALYSIS
    • 10.10.6 Key Strategy
  • 10.11 Hyundai Electric & Energy Systems Co., Ltd.
    • 10.11.1 Company Overview
    • 10.11.2 Financial Overview
    • 10.11.3 Product Offerings
    • 10.11.4 Key developments
    • 10.11.5 SWOT ANALYSIS
    • 10.11.6 Key Strategy

List of Tables

  • TABLE 1 MARKET SYNOPSIS
  • TABLE 2 LIST OF ASSUMPTIONS
  • TABLE 3 GLOBAL POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 4 GLOBAL POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 5 GLOBAL POWER TRANSFORMER MARKET, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 6 NORTH AMERICA: POWER TRANSFORMER MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 7 NORTH AMERICA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 8 NORTH AMERICA: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 9 U.S.: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 10 U.S.: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 11 CANADA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 12 CANADA: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 13 EUROPE: POWER TRANSFORMER MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 14 EUROPE: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 15 EUROPE: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 16 GERMANY: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 17 GERMANY: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 18 U.K: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 19 U.K: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 20 RUSSIA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 21 RUSSIA: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 22 FRANCE: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 23 FRANCE: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 24 REST OF EUROPE: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 25 REST OF EUROPE: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 26 ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 27 ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 28 ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 29 CHINA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 30 CHINA: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 31 INDIA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 32 INDIA: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 33 JAPAN: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 34 JAPAN: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 35 REST OF ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 36 REST OF ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 37 REST OF THE WORLD: POWER TRANSFORMER MARKET, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 38 REST OF THE WORLD: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 39 REST OF THE WORLD: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 40 LATIN AMERICA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 41 LATIN AMERICA: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 42 MIDDLE EAST: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 43 MIDDLE EAST: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)
  • TABLE 44 AFRICA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION)
  • TABLE 45 AFRICA: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION)

List of Figures

  • FIGURE 1 RESEARCH PROCESS OF MRFR
  • FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
  • FIGURE 3 DRIVERS, RESTRAINTS, AND OPPORTUNITY OF GLOBAL TRANSFORMER MARKET
  • FIGURE 4 DRIVERS IMPACT ANALYSIS: POWER TRANSFORMER MARKET
  • FIGURE 5 RESTRAINTS IMPACT ANALYSIS: POWER TRANSFORMER MARKET
  • FIGURE 6 VALUE CHAIN: POWER TRANSFORMER MARKET
  • FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL POWER TRANSFORMER MARKET
  • FIGURE 8 GLOBAL POWER TRANSFORMER MARKET, BY COOLING TYPE, 2017 (IN %)
  • FIGURE 9 GLOBAL POWER TRANSFORMER MARKET, BY POWER RATING, 2017 (IN %)
  • FIGURE 10 GLOBAL POWER TRANSFORMER MARKET SHARE, BY REGION, 2017 (% SHARE)
  • FIGURE 11 NORTH AMERICA: POWER TRANSFORMER MARKET SHARE, BY COUNTRY, 2017 (IN %)
  • FIGURE 12 EUROPE: POWER TRANSFORMER MARKET SHARE, BY COUNTRY, 2017 (IN %)
  • FIGURE 13 ASIA-PACIFIC: POWER TRANSFORMER MARKET SHARE, BY COUNTRY, 2017 (IN %)
  • FIGURE 14 REST OF THE WORLD: POWER TRANSFORMER MARKET SHARE, BY REGION, 2017 (IN %)
  • FIGURE 15 BENCHMARKING OF MAJOR COMPETITORS
  • FIGURE 16 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2017 (IN %)
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