Global Transformer Growth Opportunities

Global Transformer Growth Opportunities

Greater Grid Resiliency, Increased Grid Intelligence, and Security of Supply— All Key Drivers of Future Growth

RELEASE DATE
08-Jul-2022
REGION
North America
Research Code: MG7E-01-00-00-00
SKU: EG02239-GL-MT_26611
$4,950.00
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Description

Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers. The global transformer market revenue is expected to reach $64.24 billion in 2030; a market rebound is expected from 2022 onward. Though a mature market, the demand for both power and distribution transformers will be boosted by strong growth in electricity demand, rising rate of electrification, economic growth, and increasing population across China, India, Asia, the Middle East, and Africa. In addition, ageing power grid leading to wider market adoption of electrification and the transition from fossil fuel to clean energy will boost the demand for T&D equipment, primarily transformers.

Power transmission bottlenecks, such as underdeveloped infrastructure causing losses and overloading of transmission lines will encourage effort toward higher regional interconnectivity, leading to the development of high-voltage transmission systems and higher power transformer demand. Grid hardening, grid modernization, urgent network upgrades, and improved system resilience will have a positive bearing on market demand. Industry development will be directed toward higher adoption of energy-efficient and intelligent transformers and ecofriendly/green transformers.

This research service analyzes the most recent trends in North America, Europe, Asia, India, China, Latin America, and Rest of World. The study also offers an overview of the power and distribution transformer market and, technology segments by liquid and dry type, current and future trends. Frost and Sullivan has analyzed key country markets and regions, and growth drivers and restraints that are likely to impact growth and determine the market potential of power distribution transformers over the next decade.

Key Issues Addressed

  • How big is the power and distribution transformer market? At what rate is it expected to grow?
  • What are the key drivers and restraints and what impact will they have over the forecast period?
  • What are the growth opportunities, and where do they exist for the market participants?
  • What are the growth markets? How long will they continue to grow, and at what rate?
  • Which technology trends are transforming the global transformer market?
  • What are the global and regional market trends in the global transformer market?

Author: Neha Tatikota

RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Transformer Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Scope of Analysis

Key Competitors

Energy Industry Mega Trends Impacting the Transformer Industry

Transformers Market

Transformers Market (continued)

Transformers Market (continued)

Forecast Assumptions and Research Methodology

Growth Metrics

Growth Metrics (continued)

Growth Drivers

Growth Restraints

Revenue Forecast

Revenue Forecast by Technology Type

Revenue Forecast by Distribution Transformer Technology Type

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Region (continued)

Competitive Environment, 2021

Revenue Share

Revenue Share Analysis

Revenue Share Analysis (continued)

Revenue Share Analysis (continued)

Growth Metrics

Growth Metrics (continued)

Revenue Forecast

Revenue Forecast by Technology Type

Revenue Forecast by Distribution Transformer Technology Type

Revenue Forecast by Country

Revenue Forecast Analysis

Growth Metrics

Growth Metrics (continued)

Revenue Forecast

Revenue Forecast by Technology Type

Revenue Forecast by Distribution Transformer Technology Type

Revenue Forecast by Country

Revenue Forecast Analysis

Transformer Trends

Growth Metrics

Growth Metrics (continued)

Revenue Forecast

Revenue Forecast by Technology Type

Revenue Forecast by Distribution Transformer Technology Type

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Growth Metrics

Key Growth Metrics

Revenue Forecast

Revenue Forecast by Technology Type

Revenue Forecast by Distribution Transformer Technology Type

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Growth Metrics

Growth Metrics (continued)

Revenue Forecast

Revenue Forecast by Technology Type

Revenue Forecast by Distribution Transformer Technology Type

Revenue Forecast by Subregion

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis (continued)

Growth Metrics

Growth Metrics (continued)

Revenue Forecast

Revenue Forecast by Technology Type

Revenue Forecast by Distribution Transformer Technology Type

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Growth Metrics

Growth Metrics (continued)

Revenue Forecast

Revenue Forecast by Technology Type

Revenue Forecast by Distribution Transformer Technology Type

Revenue Forecast by Subregion

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Growth Opportunity 1—Transformers with Built-in Intelligence and Smart Capabilities Pivotal for the Smart Grid

Growth Opportunity 1—Transformers with Built-in Intelligence and Smart Capabilities Pivotal for the Smart Grid (continued)

Growth Opportunity 2—Advanced Digital Services to Add More Value to the Production Process and Performance Management of Digitally Enabled Assets

Growth Opportunity 2—Advanced Digital Services to Add More Value to the Production Process and Performance Management of Digitally Enabled Assets (continued)

Growth Opportunity 3—As-a-service Business Models to Enable Superior Customer Experience

Growth Opportunity 3—As-a-service Business Models to Enable Superior Customer Experience (continued)

Growth Opportunity 4—Transformer Development towards Becoming Green and Eco-friendly

Growth Opportunity 4—Transformer Development towards Becoming Green and Eco-friendly (continued)

Acronyms

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers. The global transformer market revenue is expected to reach $64.24 billion in 2030; a market rebound is expected from 2022 onward. Though a mature market, the demand for both power and distribution transformers will be boosted by strong growth in electricity demand, rising rate of electrification, economic growth, and increasing population across China, India, Asia, the Middle East, and Africa. In addition, ageing power grid leading to wider market adoption of electrification and the transition from fossil fuel to clean energy will boost the demand for T&D equipment, primarily transformers. Power transmission bottlenecks, such as underdeveloped infrastructure causing losses and overloading of transmission lines will encourage effort toward higher regional interconnectivity, leading to the development of high-voltage transmission systems and higher power transformer demand. Grid hardening, grid modernization, urgent network upgrades, and improved system resilience will have a positive bearing on market demand. Industry development will be directed toward higher adoption of energy-efficient and intelligent transformers and ecofriendly/green transformers. This research service analyzes the most recent trends in North America, Europe, Asia, India, China, Latin America, and Rest of World. The study also offers an overview of the power and distribution transformer market and, technology segments by liquid and dry type, current and future trends. Frost and Sullivan has analyzed key country markets and regions, and growth drivers and restraints that are likely to impact growth and determine the market potential of power distribution transformers over the next decade.--BEGIN PROMO--

Key Issues Addressed

  • How big is the power and distribution transformer market At what rate is it expected to grow
  • What are the key drivers and restraints and what impact will they have over the forecast period
  • What are the growth opportunities, and where do they exist for the market participants
  • What are the growth markets How long will they continue to grow, and at what rate
  • Which technology trends are transforming the global transformer market
  • What are the global and regional market trends in the global transformer market

Author: Neha Tatikota

More Information
Author Neha Tatikota
Industries Energy
No Index No
Is Prebook No
Podcast No
WIP Number MG7E-01-00-00-00