Global Transformer Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2026. Transformer Market Report also covers top key players, porters five forces analysis and market segmentation in detail.
Delaware, Selbyville – November 28, 2019 /MarketersMedia/ —
The power transformer market was exceeded USD 25 Billion in 2019 and is set to grow on account of increasing peak load energy consumption and coherent reforms favoring the integration of long route electric infrastructure. Moreover, the electricity for all programs in conjunction to utility inclination towards energy efficiency will augment the industry growth. Furthermore, efforts to establish a balanced supply & consumption phenomenon through effective management systems will boost both capacity & technological enhancements.
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Global Transformer Market in 2019, surpassed USD 60 Billion and by 2026 is expected to exceed an annual deployment of 7 million units. Large scale renewable integration to suffice the rising peak load electricity consumption will drive the industry growth.
Some major findings of the transformer market report include:
– Demand for dry type transformers has been rising owing to safe and environment friendly operational performance.
– Stringent energy efficiency norms across developed & developing economies to drive the industry growth.
– Long route electrification projects to positively influence product demand.
– Major players operating in the heating & cooling market are ABB, Siemens, Schneider, Eaton etc.
– Leading companies enter technological alliances with domestic players to implement effective monitoring & control.
– Ongoing suburban migration & industrial expansion across Middle East & Asia Pacific have led to the rise in peak load electricity consumption which turn fuel the demand for effective T&D systems.
Ongoing industrialization and large-scale suburban migration across emerging economies have considerably uplifted electricity consumption which in turn will fuel the demand for effective electrical components. Technological upliftment, minimal losses, operational flexibility, sustainable network integration along with strict energy efficiency reforms will augment the business scenario. Moreover, rise in competence across the industrial peripheral supported by key players tapping potential across niche markets will establish a favorable business platform.
The India transformer market is expected to witness an annual deployment of over 150 ?000 units by 2026. The national electricity industry has gained impetus subjected to consistent and sustainable policies including the Integrated Energy Policy (IEP), rural electrification reforms, IPDS and similar initiatives. Government infused FDI schemes along with the Make in India program has led to a significant flow of funds from various international agencies and industry participants. Leading players have aligned focus to attain market penetration through joint ventures, technological collaborations and regional expansion which in turn has positively influenced the overall industry landscape.
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Dry type transformer market is expected to witness a growth of over 7% by 2026. Effective resistivity to electrical surges & short circuits coupled with environmental sustainability have paved favorable grounds for technological adoption. Although, high system costs adhered by lower overall efficiency when compared to auxiliary counterparts have restrained product adoption. However, environmental compatibility, effective fire prevention, efficient performance across extreme climatic zones supported by stringent energy efficiency protocol are few indispensable parameters defining technological prevalence.
Key industry players have instituted various integral research & technological platforms to suffice the persisting demand for uninterruptible electricity. Revenue generation through service provisions along with long term strategic tie-ups, and joint ventures have been the major strategic breakthroughs. Moreover, regional expansion through laying manufacturing facilities along with the integration of smart product portfolios will further influence the industrial competence. Asia Pacific, Middle East and Africa remain the prominent regions for industry participants due to higher demand for electrical components and overall turnkey solutions.
Table of Content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Global transformer market 360 degree synopsis, 2015 – 2026
2.1.1 Business trends
2.1.2 Core trends
2.1.3 Product trends
2.1.4 Winding trends
2.1.5 Installation trends
2.1.6 Cooling trends
2.1.7 Insulation trends
2.1.8 Phase trends
2.1.9 Rating trends
2.1.10 Mounting trends
2.1.11 Application trends
2.1.12 Regional trends
Chapter 3 Global Transformer Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2015 – 2026 (USD Billion)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Import/Export landscape
3.4.1 Electrical transformer
3.5 Price trend analysis (USD/unit)
3.6 Innovation & technology landscape
3.7 Regulatory landscape
3.7.1 Europe
3.7.1.1 EU Eco-design Directive
3.7.1.1.1 Requirement for medium transformers
3.7.1.1.2 Requirement for dry transformers
3.7.1.1.3 Requirement for large transformers
3.7.1.1.4 Measurement and calculation method
3.7.2 UK
3.7.3 U.S.
3.7.3.1 Electricity reliability Standards
3.7.3.2 National Electrical Manufacturers Association (NEMA) Standards
3.7.3.3 Institute of Electrical and Electronics Engineers
3.7.3.4 Location and Arrangement of Transformers and Regulators
3.7.3.4.1 Outdoor Installations
3.7.3.4.2 Indoor Installations
3.7.3.5 Short-Circuit Protection of Transformers
3.7.3.6 Standards
3.7.4 China
3.7.4.1 National Laws (Approved by the National People’s Congress)
3.7.4.2 The Electric Power Law of the People’s Republic of China
3.7.4.3 Electrical and Mechanical Services Department (EMSD)
3.7.4.4 Standards
3.7.4.4.1 International Electrotechnical Commission (IEC) and British standards
3.7.5 India
3.7.5.1 Bureau of Indian Standards (BIS)
3.8 Historic trends (Transformers)
3.9 Life cycle cost analysis (Transformer)
3.9.1 No-load loss capitalization
3.10 Transformer capital investment landscape
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 North America
3.11.1.1.1 Refurbishment demand for existing grid infrastructure
3.11.1.1.2 Rising infrastructural spending
3.11.1.2 Europe
3.11.1.2.1 Growing deployment of renewable energy
3.11.1.2.2 Upgradation of existing grid network
3.11.1.3 Asia Pacific
3.11.1.3.1 Large-scale renewable integration
3.11.1.3.2 Increasing demand for electricity
3.11.1.4 Middle East, Africa & Latin America
3.11.1.4.1 Increasing demand for electricity
3.11.1.4.2 Growing investment toward expansion of electricity networks
3.11.2 Industry pitfalls & challenges
3.11.2.1 High intial cost
3.11.2.2 High dependency on imports
3.12 Porter’s Analysis
3.13 Growth potential analysis
3.14 Competitive landscape, 2019
3.14.1 Strategy Dashboard
3.15 PESTEL Analysis
Chapter 4 Global Transformer Market, By Core
4.1 Global Transformer market share by core, 2019 & 2026
Chapter 5 Global Transformer Market, By Product
Chapter 6 Global Transformer Market, By Winding
Chapter 7 Global Transformer Market, By Installation
Chapter 8 Global Transformer Market, By Cooling
Chapter 9 Global Transformer Market, By Insulation
Chapter 10 Global Transformer Market, By Phase
Chapter 11 Global Transformer Market, By Rating
Chapter 12 Global Transformer Market, By Mounting
Chapter 13 Global Transformer Market, By Application
Chapter 14 Global Transformer Market, By Region
Chapter 15 Transformer Market Company Profiles
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