1. Market Research
  2. > Manufacturing
  3. > Electrical Equipment Market Trends
Global Transformers Market, Forecast to 2022

Global Transformers Market, Forecast to 2022

  • April 2018
  • 146 pages
  • ID: 5386717
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

T&D Infrastructure Investments in Developing Regions and Aging Grid in Developed Regions Spur Market Demand
A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction.The total global transformers market is forecast to register a CAGR of below 5% from 2017 to 2022.

During the forecast period, the power and distribution transformer segments are expected to witness strong growth because of the replacement market in North America, Europe, ANZ, and Japan.It is high time that transformer OEMs should focus on strengthening the distribution transformer segment as a result of the growing distributed generation and two-way power flow.

To succeed in the utility business, OEMs need to show a strong track record in power projects and heightened sense of reliability that evokes trust from the customer.

This study focuses on the important elements under the 4 broad segments that determine the direction and future of transformers:
• Distribution Transformer
• Power Transformer
• Isolation Transformer
• Smart Transformer

Drivers and restraints are discussed for the overall global transformers market. Furthermore, top predictions to 2022 of the global transformers market are presented.

The replacement market in North America and Europe is expected to drive demand for power and distribution transformers, while smart grid growth is expected to fuel higher demand for smart transformers.Replacement of aging assets would enable efficient electricity networks.

Higher transmission investments, new generation plants, increasing government capital expenditure in the power sector, and new interconnections and grid establishments are driving demand for power transformers.

One of the primary applications of isolation transformers is voltage change.This is necessary where the mains voltage is not similar to the voltage used by IT equipment.

Such a scenario is common in North America, where, in large data centers, the mains voltage is about 480 V or 600 V; but in most parts of the world, the 400/230 V 3-phase mains voltage is similar to the IT load equipment. Therefore, isolation transformers are largely applicable in the NA market.

Grid modernization, smart grids, energy efficiency techniques with the help of smart grid technologies, and new rapid transit rail networks with high-speed trains and EV charging stations are expected to fuel demand for smart transformers. Market commercialization is expected in the mid-to-long term, with continued research and development efforts.

Key Issues Addressed
• What is the current status, immediate and future prospects of the global transformers market?
• What are the key growth opportunities in the transformers market that are likely to help market participants stay relevant? What should a transformer manufacturer’s call to action be?
• What will be the potential transformers market size in 2021? What are the key factors that would drive the market to continue to stay relevant until 2021?
• At present, which is the most exciting transformer type among the distribution, power, isolation, and smart transformer segments in the market? Which segment will continue to reap benefits in 2021?
• What are the primary restraining factors hindering business development opportunities for transformer system manufacturers?
• Which region globally is expected to have a strong growth for transformers in the long run?

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.
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.

ref:plp2018

Reportlinker.com © Copyright 2020. 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