1. Market Research
  2. > Manufacturing
  3. > Electrical Equipment Market Trends
Global Power Transformers Industry

Global Power Transformers Industry

  • April 2021
  • 761 pages
  • ID: 5205353
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Abstract:
- The global market for Power Transformers is projected to reach US$31. 5 billion by 2025, driven by robust demand for energy; spiraling investments in new power plants; rising utility spending on upgrading transmission and distribution infrastructure to the smart grid standard; and strong sales of energy efficient and eco-friendly transformers. Often taken for granted, power transformers play a key role in ensuring dependable electricity reaches industrial and urban habitations which are epicenters of economic growth and subsequent energy requirement. Power Transformers aid in stepping up and stepping down voltage which is vital in safely transmitting & delivering electricity. These transformers can handle high voltage inputs between 33 to 400 kV. They have an efficiency rating of over 99% & help in cost effectively transmitting electricity across long distances. Newer energy efficient variants have longer life and feature significantly lesser energy wastage all through their operating life. Increasing the voltage eliminates resistance in transmission wires and reduces energy losses. Also, higher voltages enable long distance transmission of electricity. Without power transformers there can be no transmission of electricity needed to run and operate digital technologies like laptops, smart phones, internet devices, connected systems and machines. In light of the critical role played by power transformers in electricity transmission and distribution, these transformers have and will continue to play a critical role in meeting electrification goals.
- A key trend in the market is digitalization as an omnipresent design theme. Manufacturers are developing smart Internet of Things (IoT) enabled transformers with remote maintenance capabilities and remote monitoring of transformer parameters such as tank temperature, voltage applied etc. , via the internet. Continuous technology innovation such as development of alternative fuels and breakthrough in innovative designs of large power transformers (LPTs) will help drive future growth in the market. Interest in gas insulated transformers (GITs) is growing as a potential replacement for oil immersed transformers (OITs) to meet sharp increases in electricity demand as a result of unchecked urban sprawl. Other noteworthy trends also shaping growth in the market include growing focus on reducing large power losses over longer distances and the ensuing interest in high voltage power transmission; rising commercial value of eco-friendly, green transformers supported by innovations such as hermetically sealed tank design and power transformers with biodegradable insulating fluids. Asia-Pacific including China is a major market worldwide led by factors such as GDP gains, expanding population and energy needs, rapid industrialization, strong investments in the development of the power generation and transmission infrastructure, establishment of new urban settlements and townships and a parallel increase in rural electrification projects and implementation of energy-efficiency standards that call for immediate upgrades to new transformers capable of fulfilling minimum energy efficiency requirements.

- Select Competitors (Total 93 Featured) -
  • ABB Limited
  • ASTOR TRANSFORMER A.S
  • Bharat Heavy Electricals Limited
  • Bowers Electricals Ltd.
  • CG Power and Industrial Solutions Limited
  • DAIHEN Corporation
  • EFACEC Group
  • GE Grid Solutions
  • Hammond Power Solutions, Inc.
  • Howard Industries, Inc.
  • Hyosung Heavy Industries
  • Hyundai Electric & Energy Systems Co., Ltd.
  • Imefy Group
  • JSHP Transformer
  • Kirloskar Electric Company Limited
  • KONCAR Group
  • Mitsubishi Electric Corporation
  • Olsun Electrics Corporation
  • Schneider Electric SA
  • SGB-SMIT Group
  • Shihlin Electric & Engineering Corporation
  • Siemens AG
  • SPX Transformer Solutions, Inc.
  • TBEA Co., Ltd.
  • Toshiba Energy Systems & Solutions Corporation
  • Wilson Power Solutions
  • Wilson Transformer Company
  • Winder Power Ltd.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Distribution Transformers Industry

  • $ 5600
  • April 2021
  • 376 pages

Abstract: - Global Distribution Transformers Market to Reach $19.7 Billion by 2027 - Amid the COVID-19 crisis, the global market for Distribution Transformers estimated at US$17.4 Billion in the yea ...

  • World
  • China
  • Transformer
  • Power Distribution
  • Industry analysis

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on