By Core (Closed, Shell, Berry), By Product (Distribution Transformer, Power Transformer, Instrument Transformer {Current, Potential}), By Cooling (Dry Type {Self-Air, Air Blast}, Oil Immersed {Self Cooled, Water Cooled, Forced Oil}), By Rating (≤ 10 MVA, 11 To 60 MVA, 61 To 600 MVA, > 600 MVA), By Application (Residential & Commercial {Hotels, Hospitals, Apartments}, Utility, Industrial {Railways, Cement, Power, Oil & Gas}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, U.K., Italy, Spain, Netherlands, France, Russia, Germany,South Korea, India, China, Japan, Australia, Saudi Arabia, U.A.E., Qatar, South Africa, Nigeria, Egypt, Brazil, Peru, Argentina)
Transformers Market size was estimated at $29,888.3 Million in 2019 and is expected to reach $50,892.3 Million by 2027, growing at a CAGR of 7.9% during the forecast period of 2020 to 2027.
A Transformer is an electric device that steps up or steps down the voltage from a primary coil to a secondary coil. It works on the principle of Electromagnetic Induction. Up-gradation of electrical infrastructure will be a large driver for Transformers. Generally speaking, governments in specific regions are focusing over establishing a consistent grid maintenance program which will also lead the demand for Transformers. The restraints include high capital infusions and the fact that consumption seems to be dependent in imports for most geographies.
Analysis by Core
The core is segmented into Closed, Shell, and Berry.The Transformers market report suggests that Closed core transformers have the largest deployment in the industry owing to their superior strength, reduced flux loss, and lowest iron losses. It is priced competitively which will result in a greater demand-pull in the period.
Analysis by Product
The Product is segmented into three main segments. They are Distribution Transformer, Power Transformer, and Instrument Transformer.The Transformers market research has compelling evidence of the surge in demand for power transformers. This is because of their superlative performance on long-route transmission infrastructure.
Analysis by Cooling
According to the cooling mechanism of a transformer, the segments are Dry-type and Oil-immersed.The Dry type is further classified into Self-air and Airblast. On the other hand, the Oil-immersed segment is further categorized into Self Cooled, Water Cooled, and Forced Oil.The Transformers market share will steadily shift towards the Dry-type transformers as they are risk-averse to Oil spills and periodic maintenance.
Analysis by Rating
According to the rating range, the four main segments are ≤ 10 MVA, 11 To 60 MVA, 61 To 600 MVA, and > 600 MVA.Transformers rated at greater than 600 MVA hold a slight edge in terms of the market share. Larger consumption centers need transformers in this range. The Transformers market estimation for 11 to 60 MVA is also very bright in the upcoming period. This is usually the most deployed transformer range.
Analysis by Application
According to the application, the three prime segments of interest are Residential & Commercial, Industrial, and Utility.The Residential & Commercial segment is further classified into Hotels, Hospitals, and Apartments.On the other hand, the Industrial segment has the following sub-sections: Railways, Cement, Power, and Oil & Gas.
The Transformers market size is dominated by the Utility segment with over 50% of the share. The Transformers market forecast looks promising for this segment even further owing to the rapid expansion of high-voltage networks. The main utility grid is due to be upgraded in certain regions which will result in continued demand in this segment.
Analysis by Region
The North American market is likely to witness a rise in infrastructure spending as well as refurbishment of existing electrical assets. This will create a demand-pull in this region.The Transformers price trend is looking particularly bright in the Asia-Pacific region owing to the large impetus being provided by the governments in India, China, Thailand, and Malaysia on integrating renewables with the main utility grid.
Analysis by Prestigious Organizations
Eminent companies in this space are Voltamp, SPX, Celme, Ormazabal, Hyosung, Kirloskar, Daihen, BHEL, GE, ABB, Mitsubishi, Crompton Greaves, Eaton, and Hyundai.One of the large focus areas is the integration of transformers with Smart grids. This will require capital infusion and technological efforts to be directed towards product development. It is envisaged that the companies which integrate their products with Smart grids will gain substantially in the marketplace.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Core Outlook ($Revenue and Unit Sales, 2019-2026)
• Closed
• Shell
• Berry
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
• Power transformer
• Distribution transformer
• Instrument transformer
o Current transformer
o Potential transformer
By Cooling Outlook ($Revenue and Unit Sales, 2019-2026)
• Dry type
o Self-air
o Air blast
• Oil Immersed
o Self-Cooled
o Water cooled
o Forced oil
o Others
By Rating Outlook ($Revenue and Unit Sales, 2019-2026)
• ≤ 10 MVA
• 11 MVA to 60 MVA
• 61 MVA to 600 MVA
• > 600 MVA
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Residential & Commercial
o Hotels
o Hospitals
o Apartments
o Others
• Utility
• Industrial
o Railways
o Cement
o Power distribution
o Oil & gas
o Others
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• Russia
• U.K.
• Italy
• Spain
• Netherlands
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Middle East & Africa
• Saudi Arabia
• U.A.E.
• Qatar
• South Africa
• Nigeria
• Egypt
• Latin America
• Brazil
• Peru
• Argentina
Prestigious Organizations
• Voltamp
• SPX
• Celme
• Ormazabal
• Hyosung
• Kirloskar
• Daihen
• BHEL
• GE
• ABB
• Schneider
• Siemens
• Toshiba
• Mitsubishi
• Crompton Greaves
• Eaton
• Hyundai
CHAPTER 1: INTRODUCTION
1.1. RESEARCH METHODOLOGY
1.1.1. Desk Research
1.1.2. Data Synthesis
1.1.3. Data Validation & Market Feedback
1.1.4. Data Sources
CHAPTER 2: EXECUTIVE SUMMARY
2.1. GLOBAL MARKET OUTLOOK
2.2. CORE INSIGHTS –DELIVERY MODEL
2.3. CORE INSIGHTS – TRANSFORMERS
2.4. CORE INSIGHTS – SERVICE PROVIDER
2.5. CORE INSIGHTS – GEOGRAPHY
CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FORCES SHAPING THE INDUSTRY
3.2.1. Bargaining Power of Suppliers
3.2.2. Bargaining Power of Buyers
3.2.3. Threat of Substitutes
3.2.4. Threat of New Entrants
3.3. MARKET DYNAMICS
3.3.1. Drivers
3.3.1.1. Supply-side Drivers
3.3.1.2. Demand-side Drivers
3.3.2. Restraints
3.3.3. Opportunities
3.4. INDUSTRY - ANALYSIS
3.4.1. Political Market
3.4.2. Environmental Market
3.4.3. Social Market
3.4.4. Technology Market
CHAPTER 4: MARKET BACKGROUND
4.1. Industry Value Chain Analysis
4.1.1. Upstream Participants
4.1.2. Downstream participants
4.2. Pricing Analysis and Forecast, 2019-2026
4.2.1. By Type
4.2.2. By Region
CHAPTER 5: TRANSFORMERS MARKET, BY CORE OUTLOOK
5.1. Overview
5.1.1. Market Revenue (US$ Million) and Forecast, 2019-2026
5.2. Closed
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Revenue (US$ Million) and Forecast, By Region
5.3. Shell
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Revenue (US$ Million) and Forecast, By Region
5.4. Berry
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Revenue (US$ Million) and Forecast, By Region
CHAPTER 6: TRANSFORMERS MARKET BY PRODUCT OUTLOOK
6.1. Overview
6.1.1. Market Revenue (US$ Million) and Forecast, 2019-2026
6.2. Power transformer
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Revenue (US$ Million) and Forecast, By Region
6.3. Distribution transformer
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Revenue (US$ Million) and Forecast, By Region
6.4. Instrument transformer
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Revenue (US$ Million) and Forecast, By Region
6.5. Current transformer
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Revenue (US$ Million) and Forecast, By Region
6.6. Potential transformer
6.6.1. Key Market Trends, Growth Factors and Opportunities
6.6.2. Market Revenue (US$ Million) and Forecast, By Region
CHAPTER 7: TRANSFORMERS MARKET BY COOLING OUTLOOK
7.1. Overview
7.1.1. Market Revenue (US$ Million) and Forecast, 2019-2026
7.2. Dry type
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Revenue (US$ Million) and Forecast, By Region
7.3. Self-air
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.4. Air blast
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Revenue (US$ Million) and Forecast, By Region
7.5. Self-Cooled
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Revenue (US$ Million) and Forecast, By Region
7.6. Water cooled
7.6.1. Key Market Trends, Growth Factors and Opportunities
7.6.2. Market Revenue (US$ Million) and Forecast, By Region
7.7. Forced oil
7.7.1. Key Market Trends, Growth Factors and Opportunities
7.7.2. Market Revenue (US$ Million) and Forecast, By Region
CHAPTER 8: TRANSFORMERS MARKET BY RATING OUTLOOK
8.1. Overview
8.1.1. Market Revenue (US$ Million) and Forecast, 2019-2026
8.2. ≤ 10 MVA
8.2.1. Key Market Trends, Growth Factors and Opportunities
8.2.2. Market Revenue (US$ Million) and Forecast, By Region
8.3. 11 MVA to 60 MVA
8.3.1. Key Market Trends, Growth Factors and Opportunities
8.4. 61 MVA to 600 MVA
8.4.1. Key Market Trends, Growth Factors and Opportunities
8.4.2. Market Revenue (US$ Million) and Forecast, By Region
8.5. > 600 MVA
8.5.1. Key Market Trends, Growth Factors and Opportunities
8.5.2. Market Revenue (US$ Million) and Forecast, By Region
CHAPTER 9: TRANSFORMERS MARKET BY APPLICATION OUTLOOK
9.1. Overview
9.1.1. Market Revenue (US$ Million) and Forecast, 2019-2026
9.2. Residential & Commercial
9.2.1. Key Market Trends, Growth Factors and Opportunities
9.2.2. Market Revenue (US$ Million) and Forecast, By Region
9.3. Hotels
9.3.1. Key Market Trends, Growth Factors and Opportunities
9.4. Hospitals
9.4.1. Key Market Trends, Growth Factors and Opportunities
9.4.2. Market Revenue (US$ Million) and Forecast, By Region
9.5. Apartments
9.5.1. Key Market Trends, Growth Factors and Opportunities
9.5.2. Market Revenue (US$ Million) and Forecast, By Region
9.6. Others
9.6.1. Key Market Trends, Growth Factors and Opportunities
9.6.2. Market Revenue (US$ Million) and Forecast, By Region
9.7. Utility
9.7.1. Key Market Trends, Growth Factors and Opportunities
9.7.2. Market Revenue (US$ Million) and Forecast, By Region
9.8. Industrial
9.8.1. Key Market Trends, Growth Factors and Opportunities
9.8.2. Market Revenue (US$ Million) and Forecast, By Region
9.9. Railways
9.9.1. Key Market Trends, Growth Factors and Opportunities
9.9.2. Market Revenue (US$ Million) and Forecast, By Region
9.10. Cement
9.10.1. Key Market Trends, Growth Factors and Opportunities
9.10.2. Market Revenue (US$ Million) and Forecast, By Region
9.11. Power distribution
9.11.1. Key Market Trends, Growth Factors and Opportunities
9.11.2. Market Revenue (US$ Million) and Forecast, By Region
9.12. Oil & gas
9.12.1. Key Market Trends, Growth Factors and Opportunities
9.12.2. Market Revenue (US$ Million) and Forecast, By Region
9.13. Others
9.13.1. Key Market Trends, Growth Factors and Opportunities
9.13.2. Market Revenue (US$ Million) and Forecast, By Region
CHAPTER 10: TRANSFORMERS MARKET, BY GEOGRAPHY
10.1. Overview
10.2. North America
10.2.1. Key Market Trends, Growth Factors and Opportunities
10.2.2. Market Revenue and Forecast, By Delivery Model
10.2.3. Market Revenue and Forecast, By Agriculture Type
10.2.4. Market Revenue and Forecast, By Service Provider
10.2.5. Market Revenue and Forecast, By Country
10.2.6. U.S.
10.2.6.1. Market Revenue and Forecast
10.2.7. Canada
10.2.7.1. Market Revenue and Forecast
10.2.8. Mexico
10.2.8.1. Market Revenue and Forecast
10.3. Europe
10.3.1. Market Revenue and Forecast, By Delivery Model
10.3.2. Market Revenue and Forecast, By Agriculture Type
10.3.3. Market Revenue and Forecast, By Service Provider
10.3.4. Market Revenue and Forecast, By Country
10.3.5. Germany
10.3.5.1. Market Revenue and Forecast
10.3.6. UK
10.3.6.1. Market Revenue and Forecast
10.3.7. France
10.3.7.1. Market Revenue and Forecast
10.3.8. Italy
10.3.8.1. Market Revenue and Forecast
10.3.9. Spain
10.3.9.1. Market Revenue and Forecast
10.3.10. Poland
10.3.10.1. Market Revenue and Forecast
10.3.11. Austrai
10.3.11.1. Market Revenue and Forecast
10.3.12. Luxembourg
10.3.12.1. Market Revenue and Forecast
10.3.13. Rest of Europe
10.3.13.1. Market Revenue and Forecast
10.4. Asia-Pacific
10.4.1. Market Revenue and Forecast, By Delivery Model
10.4.2. Market Revenue and Forecast, By Agriculture Type
10.4.3. Market Revenue and Forecast, By Service Provider
10.4.4. Market Revenue and Forecast, By Country
10.4.5. China
10.4.5.1. Market Revenue and Forecast
10.4.6. India
10.4.6.1. Market Revenue and Forecast
10.4.7. Japan
10.4.7.1. Market Revenue and Forecast
10.4.8. South Korea
10.4.8.1. Market Revenue and Forecast
10.4.9. Rest of APAC
10.4.9.1. Market Revenue and Forecast
10.5. REST OF THE WORLD
10.5.1. Market Revenue and Forecast, By Delivery Model
10.5.2. Market Revenue and Forecast, By Agriculture Type
10.5.3. Market Revenue and Forecast, By Service Provider
10.5.4. Market Revenue and Forecast, By Country
10.5.5. Latin America
10.5.5.1. Market Revenue and Forecast
10.5.6. Middle East
10.5.6.1. Market Revenue and Forecast
10.5.7. Africa
10.5.7.1. Market Revenue and Forecast
CHAPTER 11: COMPANY PROFILES
11.1. Airbus S.A.S
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. SWOT Analysi
11.2. Aviation Industry Corporation of China Ltd. (AVIC)
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. SWOT Analysis
11.3. Astronics Corporation
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. SWOT Analysis
11.4. Boeing
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. SWOT Analysis
11.5. Ball Corporation
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. SWOT Analysis
11.6. BAE Systems
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. SWOT Analysis
11.7. Cobham plc
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. SWOT Analysis
11.8. Curtiss Wright
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. SWOT Analysis
11.9. Elbit System
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. SWOT Analysis
11.10. Gramin Ltd
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. SWOT Analysis
11.11. GE Aviation
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. SWOT Analysis
11.12. Harris Corporation
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. SWOT Analysis
11.13. Honeywell International Inc.
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. SWOT Analysis
11.14. Lockheed Martin Corporation
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. SWOT Analysis
11.15. L3 Harris Corporation
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. SWOT Analysis
11.16. Meggitt PLC
11.16.1. Company Overview
11.16.2. Financial Performance
11.16.3. SWOT Analysis
11.17. Northrop Grumman Corporation
11.17.1. Company Overview
11.17.2. Financial Performance
11.17.3. SWOT Analysis
11.18. Nucon Aerospace
11.18.1. Company Overview
11.18.2. Financial Performance
11.18.3. SWOT Analysis
11.19. Panasonic Corporation
11.19.1. Company Overview
11.19.2. Financial Performance
11.19.3. SWOT Analysis
11.20. Rolls Royce
11.20.1. Company Overview
11.20.2. Financial Performance
11.20.3. SWOT Analysis
11.21. Raytheon Company
11.21.1. Company Overview
11.21.2. Financial Performance
11.21.3. SWOT Analysis
11.22. Saab AB
11.22.1. Company Overview
11.22.2. Financial Performance
11.22.3. SWOT Analysis
11.23. Safran
11.23.1. Company Overview
11.23.2. Financial Performance
11.23.3. SWOT Analysis
11.24. Thales Group
11.24.1. Company Overview
11.24.2. Financial Performance
11.24.3. SWOT Analysis
11.25. Teledyne Technologies Inc.
11.25.1. Company Overview
11.25.2. Financial Performance
11.25.3. SWOT Analysis
11.26. Transdigm Group Inc.
11.26.1. Company Overview
11.26.2. Financial Performance
11.26.3. SWOT Analysis
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