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Global Power Transformer Market to reach USD 50.89 billion by 2027.

Global Power Transformer Market Size study, By Type (Core, Shell) Application (Generation Step-up, Transmission) By Voltage (100-200kV, 200-400 kV, Above 400 kV) By End Use (Residential & Commercial, Utilities, Industrial) and Regional Forecasts 2020-2027

Product Code: EAPPGAS_62056620
Publish Date: 19-09-2020
Page: 200

Global Power Transformer Market is valued approximately at USD 27.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.9% over the forecast period 2020-2027. Power transformer is a type of transformer used primarily to collect electric power from the low voltage generator and transmit it via the power grid network through distribution channels. It forms a core part of the power grid and helps to transmit power from one network to the other without frequency changes. In the transmission of electricity, power transformers play a vital function. Further, factors responsible for the growth of the global power transformer market are the growing consumption of energy, the increasing emphasis on renewable electricity generation, the introduction of smart grids and smart transformers, and the replacement of existing aging power transformers. As the energy sector is a key indicator of economic development, countries are investing in improving their energy infrastructure and meeting the rising demand for electricity. Also, as per Center for strategic and International Studies, The China’s National Energy Administration (NEA) and the National Development and Reform Commission (NDRC) are also planning to spend more than $360 billion on developing renewable energy and creating 13 million jobs in the sector by 2020. Investments involve new projects for the power grid that incorporate electricity generated by renewable energy into the main grid. Rise in the production of renewable energy, such as hydro, wind, and solar, are major drivers of the global power transformer market. For Instance It is also anticipated that moving towards the need for safe and reliable electricity, coupled with rapid urbanization and investment in new power grids and renewable energy, high demand for electricity and the replacement of old units, especially in developing countries such as India and China, would contribute to the growth of the power transformer market. However, compared to traditional distribution transformers, power transformers are costly impedes the growth of the market over the forecast period of 2020-2027. Also, the industrial group involves the adoption of these transformers in captive power plants and for power generation in manufacturing industries would create Opportunity for Power Transformer market.

The regional analysis of global Power Transformer market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to rising government spending and efforts to develop the power infrastructure & capabilities, demand for power transformers is expected to boost in the region. In the future, MEA will also experience moderate growth. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Refurbishment demand for existing grid infrastructure and rising infrastructural spending would create lucrative growth prospects for the Power Transformer market across the region.

Major market player included in this report are:
Bharat Heavy Electricals Ltd.
CG Power and Industrial Solutions Ltd.
General Electric Company
Hitachi Ltd.
Kirloskar Electric Co. Ltd.
Schneider Electric SE
Siemens AG
TBEA Co. Ltd.
Toshiba Corporation.

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:
By Application:
Generation Step-up
By Voltage:
200-400 kV
Above 400 kV
By End Use:
Residential & Commercial
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 Power Transformer 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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Power Transformer Market, by Region, 2018-2027 (USD Billion)
1.2.2. Power Transformer Market, by Type, 2018-2027 (USD Billion)
1.2.3. Power Transformer Market, by Application, 2018-2027 (USD Billion)
1.2.4. Power Transformer Market, by Voltage, 2018-2027 (USD Billion)
1.2.5. Power Transformer Market, by End Use, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Power Transformer Market Definition and 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 Power Transformer Market Dynamics
3.1. Power Transformer Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Power Transformer 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. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Power Transformer Market, by Type
5.1. Market Snapshot
5.2. Global Power Transformer Market by Type, Performance – Potential Analysis
5.3. Global Power Transformer Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Power Transformer Market, Sub Segment Analysis
5.4.1. Core
5.4.2. Shell
Chapter 6. Global Power Transformer Market, by Application
6.1. Market Snapshot
6.2. Global Power Transformer Market by Application, Performance – Potential Analysis
6.3. Global Power Transformer Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Power Transformer Market, Sub Segment Analysis
6.4.1. Generation Step-up
6.4.2. Transmission
Chapter 7. Global Power Transformer Market, by Voltage
7.1. Market Snapshot
7.2. Global Power Transformer Market by Voltage, Performance – Potential Analysis
7.3. Global Power Transformer Market Estimates & Forecasts by Voltage 2017-2027 (USD Billion)
7.4. Power Transformer Market, Sub Segment Analysis
7.4.1. 100-200kV
7.4.2. 200-400 kV
7.4.3. Above 400 kV
Chapter 8. Global Power Transformer Market, by End Use
8.1. Market Snapshot
8.2. Global Power Transformer Market by End Use, Performance – Potential Analysis
8.3. Global Power Transformer Market Estimates & Forecasts by End Use 2017-2027 (USD Billion)
8.4. Power Transformer Market, Sub Segment Analysis
8.4.1. Residential & Commercial
8.4.2. Utilities
8.4.3. Industrial
Chapter 9. Global Power Transformer Market, Regional Analysis
9.1. Power Transformer Market, Regional Market Snapshot
9.2. North America Power Transformer Market
9.2.1. U.S. Power Transformer Market Type breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027 Voltage breakdown estimates & forecasts, 2017-2027 End Use breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Power Transformer Market
9.3. Europe Power Transformer Market Snapshot
9.3.1. U.K. Power Transformer Market
9.3.2. Germany Power Transformer Market
9.3.3. France Power Transformer Market
9.3.4. Spain Power Transformer Market
9.3.5. Italy Power Transformer Market
9.3.6. Rest of Europe Power Transformer Market
9.4. Asia-Pacific Power Transformer Market Snapshot
9.4.1. China Power Transformer Market
9.4.2. India Power Transformer Market
9.4.3. Japan Power Transformer Market
9.4.4. Australia Power Transformer Market
9.4.5. South Korea Power Transformer Market
9.4.6. Rest of Asia Pacific Power Transformer Market
9.5. Latin America Power Transformer Market Snapshot
9.5.1. Brazil Power Transformer Market
9.5.2. Mexico Power Transformer Market
9.6. Rest of The World Power Transformer Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Bharat Heavy Electricals Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. CG Power and Industrial Solutions Ltd.
10.2.3. EMCO Ltd.
10.2.4. General Electric Company
10.2.5. Hitachi Ltd.
10.2.6. Kirloskar Electric Co. Ltd.
10.2.7. Schneider Electric SE
10.2.8. Siemens AG
10.2.9. TBEA Co. Ltd.
10.2.10. Toshiba Corporation.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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