The global power transformers market size was valued at $27.7 billion in 2019, and is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020-2017
Power transformers use vegetable oil instead of mineral oil, which reduces their carbon footprint and makes them more efficient, cost-effective, and environmentally friendly. Power transformers are more reliable and provide excellent fire, electrical, and heat resistance.
Because of the strict restrictions and regulations put in place by governments to limit greenhouse gases and carbon emissions, businesses are currently spending more in green power transformers. Furthermore, the need for green power transformers is anticipated to increase in the near future as consumer awareness of eco-friendly products rises in industrialised nations.
The expansion of the power transformer market is closely tied to the rising demand for energy, the replacement of outdated transformers, and improvements in transmission lines around the world.
A static device used in transmission networks is the power transformer. Without changing the frequency, it aids in the transfer of power from one network to another. These transformers operate at maximum efficiency when fully loaded and at peak or high load conditions. Power transformers enable high-voltage power transfer over long distances, reducing transmission loss.
By cooling method, the power transformers market is split into air-cooled and oil-cooled segments. Since their use is regarded as safe in high voltage situations, oil-cooled power transformers have a larger market share than air-cooled transformers. The need for oil-cooled transformers is anticipated to grow in the near future as a result of the rapidly expanding global voltage transmission network.
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The power rating of power transformers is broken down into three categories: medium (61-600 MVA), small (up to 60 MVA), and big (above 600 MVA). The small power rating transformers enjoyed a sizable market share, largely because of their varied application in several small sectors and their adaptability to user needs.
This Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Market Segmentation
Global Power Transformers Market: Major Players
Altro Transformers
Southern Electronic Services
Wilson Transformer Company
ABB
Tyree Industries
Schneider Electric
ETEL Transformers Pty Ltd
Global Power Transformers Market: Types
Low (100 MVA to 500 MVA)
Medium (501 MVA to 800 MVA)
High (801 MVA to 1200 MVA)
Global Power Transformers Market: Applications
Industrial
Commercial
Public system
Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Power Transformers market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Points:
Define, describe and forecast Power Transformers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
