Global Phase Shifting Transformers (PST) Market to reach USD 125.54 million by 2027

Global Phase Shifting Transformers (PST) Market Size study, By Type (Below 400 MVA, 400 MVA-800 MVA, and over 800 MVA), By Application (re-distribute power in parallel lines (both ends are at same voltage level), direct power from one voltage level to another (auto-transformer + PST))), and Regional Forecasts 2020-2027
Product Code:  EESAC_14439915
Chapter 1. Executive Summary 
 1.1. Market Snapshot
 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
 1.2.1. Phase Shifting Transformers (PST) Market, by Region, 2018-2027 (USD Billion)
 1.2.2. Phase Shifting Transformers (PST) Market, by Type, 2018-2027 (USD Billion)
 1.2.3. Phase Shifting Transformers (PST) Market, by Application, 2018-2027 (USD Billion)
 1.3. Key Trends
 1.4. Estimation Methodology
 1.5. Research Assumption
 Chapter 2. Global Phase Shifting Transformers (PST) Market Definition & Scope 
 2.1. Objective of the Study
 2.2. Market Definition & Scope
 2.2.1. Scope of the Study
 2.2.2. Industry Evolution
 2.3. Years Considered for the Study
 2.4. Currency Conversion Rates
 Chapter 3. Global Phase Shifting Transformers (PST) Market Dynamics 
 3.1. Phase Shifting Transformers (PST) Market Impact Analysis (2018-2027)
 3.1.1. Market Drivers
 3.1.2. Market Challenges
 3.1.3. Market Opportunities
 Chapter 4. Global Phase Shifting Transformers (PST) Market: Industry Analysis
 4.1. Porter’s 5 Force Model
 4.1.1. Bargaining Power of Suppliers
 4.1.2. Bargaining Power of Buyers
 4.1.3. Threat of New Entrants
 4.1.4. Threat of Substitutes
 4.1.5. Competitive Rivalry
 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
 4.2. PEST Analysis
 4.2.1. Political 
 4.2.2. Economical
 4.2.3. Social 
 4.2.4. Technological 
 4.3. Investment Adoption Model
 4.4. Analyst Recommendation & Conclusion
 Chapter 5. Global Phase Shifting Transformers (PST) Market, by Type 
 5.1. Market Snapshot 
 5.2. Global Phase Shifting Transformers (PST) Market by Type, Performance - Potential Analysis
 5.3. Global Phase Shifting Transformers (PST) Market Estimates & Forecasts by Type, 2017-2027 (USD Billion)
 5.4. Phase Shifting Transformers (PST) Market, Sub Segment Analysis
 5.4.1. Below 400 M VA
 5.4.2. 400 MVA-800 MVA
 5.4.3. Over 800 MVA
 Chapter 6. Global Phase Shifting Transformers (PST) Market, by Application 
 6.1. Market Snapshot 
 6.2. Global Phase Shifting Transformers (PST) Market by Application, Performance - Potential Analysis
 6.3. Global Phase Shifting Transformers (PST) Market Estimates & Forecasts by Application, 2017-2027 (USD Billion)
 6.3.1. re-distribute power in parallel lines (both ends are at same voltage level)
 6.3.2. direct power from one voltage level to another (auto-transformer + PST)
 Chapter 7. Global Phase Shifting Transformers (PST) Market, Regional Analysis
 7.1. Phase Shifting Transformers (PST) Market, Regional Market Snapshot 
 7.2. North America Phase Shifting Transformers (PST) Market 
 7.2.1. U.S. Phase Shifting Transformers (PST) Market Type breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
 7.2.2. Canada Phase Shifting Transformers (PST) Market
 7.3. Europe Phase Shifting Transformers (PST) Market Snapshot
 7.3.1. U.K. Phase Shifting Transformers (PST) Market 
 7.3.2. Germany Phase Shifting Transformers (PST) Market
 7.3.3. France Phase Shifting Transformers (PST) Market
 7.3.4. Spain Phase Shifting Transformers (PST) Market
 7.3.5. Italy Phase Shifting Transformers (PST) Market
 7.3.6. Rest of Europe Phase Shifting Transformers (PST) Market
 7.4. Asia-Pacific Phase Shifting Transformers (PST) Market Snapshot
 7.4.1. China Phase Shifting Transformers (PST) Market 
 7.4.2. India Phase Shifting Transformers (PST) Market 
 7.4.3. Japan Phase Shifting Transformers (PST) Market
 7.4.4. Australia Phase Shifting Transformers (PST) Market
 7.4.5. South Korea Phase Shifting Transformers (PST) Market
 7.4.6. Rest of Asia Pacific Phase Shifting Transformers (PST) Market
 7.5. Latin America Phase Shifting Transformers (PST) Market Snapshot
 7.5.1. Brazil Phase Shifting Transformers (PST) Market
 7.5.2. Mexico Phase Shifting Transformers (PST) Market
 7.6. Rest of The World Phase Shifting Transformers (PST) Market
 Chapter 8. Competitive Intelligence
 8.1. Top Market Strategies
 8.2. Company Profiles
 8.2.1. Siemens Key Information Overview Financial (Subject to Data Availability) Industry Summary Recent Developments
 8.2.2. ABB
 8.2.3. Tamini Transformatori
 8.2.4. Baoding Tianwei Baobian Electric
 8.2.5. SGB- SMIT Group
 8.2.6. Hammond Power Solutions
 8.2.7. Southwest electric Co.
 8.2.8. Shenzhen Sikes electric
 8.2.9. CG Power Systems
 8.2.10. Neo Tele Tronix Pvt. Ltd.
 Chapter 9. Research Process
 9.1. Research Process
 9.1.1. Data Mining
 9.1.2. Analysis
 9.1.3. Market Estimation
 9.1.4. Validation
 9.1.5. Publishing
 9.2. Research Attributes
 9.3. Research Assumption

Global Phase Shifting Transformers (PST) Market is valued approximately at USD 73.65 million in 2019 and is anticipated to grow with a healthy growth rate of more than 7.16% over the forecast period 2020-2027. Energy consumption is rapidly increasing worldwide, and the power generation is becoming complex with the growing energy market, thus, the ability to control the flow of energy is gaining importance. This is the area where phase-shifting transformers (PSTs) excel. Grid operators use this capability to maximize the transmission power of the network while avoiding costly grid extensions. These transformers shield cables, improve the stability of grids and reduce transmission losses. And they are among the most economical and cost-efficient power-flow control systems. out there. With growing need from power grids worldwide, orders are growing year by year. In recent years, the changing developments of the power industry around the world have contributed to the need for transformer technology. The complexity of the grid has multiplied with exponential growth in the generation, transmission and delivery divisions. Also, additional considerations driving technical advances in the changing sector include growing integration of renewable energy sources as well as the need to minimize transmission and delivery losses in order to fix grid safety and customer safety issues and to manage environmental impacts driving the growth of market. Thus, Phase shifting transformers help to maintain the frequency of the grid by controlling the voltage of the injected power as needed by the grid. For instance, in November 2019, ABB has received an order worth about $30 million from Amprion GmbH, a German transmission grid provider supplying electricity to more than 29 million people, from the Alps in Southern Germany to Lower Saxony, to provide phase-shifting transformers (PSTs) that will improve power distribution in the German energy grid and help incorporate renewable energy.
The main limitation on the phase shifting transformer industry is the high cost of equipment, which is why many businesses are hesitant to adopt this product. Although these transformers have a guaranteed return on investment (ROI) in terms of efficiency, power factor enhancement and harmonic removal, which plays an important role in making the overall energy grid efficient, cost-effective and profitable.
The regional analysis of global Phase Shifting Transformers (PST) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Based on region, Asia pacific region is expected to dominate the market share over the forecast period owing to the power transmission which is expected to show considerable growth as a result of expanded government efforts to extend existing power networks to satisfy increasing demand for electricity. For instance, In June 2019, the Miller Centre for Social Entrepreneurship, along with Smart Power Myanmar and a $250,000 grant from Chevron, initiated a pilot initiative to partner with early and rising mini-grid developers to increase access to electricity in rural and off-grid areas in Myanmar.
Major market player included in this report are:
Tamini Transformatori
Baoding Tianwei Baobian Electric
Hammond Power Solutions
Southwest electric Co.
Shenzhen Sikes electric
CG Power Systems
Neo Tele Tronix Pvt. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Below 400 M VA
400 MVA-800 MVA
Over 800 MVA
By Application:
re-distribute power in parallel lines (both ends are at same voltage level)
direct power from one voltage level to another (auto-transformer + PST)
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Phase Shifting Transformers (PST) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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