Global Transformers Market, Forecast to 2022

Global Transformers Market, Forecast to 2022

T&D Infrastructure Investments in Developing Regions and Aging Grid in Developed Regions Spur Market Demand

RELEASE DATE
09-Apr-2018
REGION
Global
Research Code: P995-01-00-00-00
SKU: EG01875-GL-MR_21752

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Description

A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. The total global transformers market is forecast to register a CAGR of below 5% from 2017 to 2022. During the forecast period, the power and distribution transformer segments are expected to witness strong growth because of the replacement market in North America, Europe, ANZ, and Japan. It is high time that transformer OEMs should focus on strengthening the distribution transformer segment as a result of the growing distributed generation and two-way power flow. To succeed in the utility business, OEMs need to show a strong track record in power projects and heightened sense of reliability that evokes trust from the customer.

This study focuses on the important elements under the 4 broad segments that determine the direction and future of transformers:
• Distribution Transformer
• Power Transformer
• Isolation Transformer
• Smart Transformer

Drivers and restraints are discussed for the overall global transformers market. Furthermore, top predictions to 2022 of the global transformers market are presented.

The replacement market in North America and Europe is expected to drive demand for power and distribution transformers, while smart grid growth is expected to fuel higher demand for smart transformers. Replacement of aging assets would enable efficient electricity networks. Higher transmission investments, new generation plants, increasing government capital expenditure in the power sector, and new interconnections and grid establishments are driving demand for power transformers.

One of the primary applications of isolation transformers is voltage change. This is necessary where the mains voltage is not similar to the voltage used by IT equipment. Such a scenario is common in North America, where, in large data centers, the mains voltage is about 480 V or 600 V; but in most parts of the world, the 400/230 V 3-phase mains voltage is similar to the IT load equipment. Therefore, isolation transformers are largely applicable in the NA market.

Grid modernization, smart grids, energy efficiency techniques with the help of smart grid technologies, and new rapid transit rail networks with high-speed trains and EV charging stations are expected to fuel demand for smart transformers. Market commercialization is expected in the mid-to-long term, with continued research and development efforts.

Key Issues Addressed

  • What is the current status, immediate and future prospects of the global transformers market?
  • What are the key growth opportunities in the transformers market that are likely to help market participants stay relevant? What should a transformer manufacturer’s call to action be?
  • What will be the potential transformers market size in 2021? What are the key factors that would drive the market to continue to stay relevant until 2021?
  • At present, which is the most exciting transformer type among the distribution, power, isolation, and smart transformer segments in the market? Which segment will continue to reap benefits in 2021?
  • What are the primary restraining factors hindering business development opportunities for transformer system manufacturers?
  • Which region globally is expected to have a strong growth for transformers in the long run?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Research Scope

Market Overview

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Key Questions this Study will Answer

Market Overview—Segmentation

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Total Transformer Market—Revenue Forecast

Percent Revenue Forecast by Technology Segment

Distribution Transformer Market—Revenue Forecast

Power Transformer Market—Revenue Forecast

Isolation Transformer Market—Revenue Forecast

Smart Transformer Market—Revenue Forecast

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Revenue Forecast Discussion (continued)

Total Transformer Market Share

Power Transformer Market Share

Distribution Transformer Market Share

Market Share Analysis

Market Share Analysis (continued)

Market Share Analysis (continued)

Market Share Analysis (continued)

Market Share Analysis (continued)

Competitive Environment

Competitive Factors and Assessment

Competitive Factors and Assessment (continued)

Growth Opportunity 1—Geographic Expansion

Growth Opportunity 2—Investment/M&A

Growth Opportunity 3—Value-add Services

Strategic Imperatives for Success and Growth

Europe Key Findings

Transformer Market—Revenue Forecast

Distribution Transformer Market—Revenue Forecast

Power Transformer Market—Revenue Forecast

Isolation Transformer Market—Revenue Forecast

Smart Transformer Market—Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Revenue Forecast Discussion (continued)

Revenue Forecast Discussion (continued)

Europe Market Share

Transformer Market—Tier Analysis

The Middle East Key Findings

Transformer Market—Revenue Forecast

Distribution Transformer Market—Revenue Forecast

Power Transformer Market—Revenue Forecast

Isolation Transformer Market—Revenue Forecast

Smart Transformer Market—Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Revenue Forecast Discussion (continued)

The Middle East Market Share

Transformer Market—Tier Analysis

North America Key Findings

Transformer Market—Revenue Forecast

Distribution Transformer Market—Revenue Forecast

Power Transformer Market—Revenue Forecast

Isolation Transformer Market—Revenue Forecast

Smart Transformer Market—Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Revenue Forecast Discussion (continued)

North America Market Share

Transformer Market—Tier Analysis

Asia-Pacific Key Findings

Transformer Market—Revenue Forecast

Distribution Transformer Market—Revenue Forecast

Power Transformer Market—Revenue Forecast

Isolation Transformer Market—Revenue Forecast

Smart Transformer Market—Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Transformer Market—Tier Analysis

Transformer Market—Tier Analysis (continued)

Transformer Market—Tier Analysis (continued)

Transformer Market—Tier Analysis (continued)

Transformer Market—Tier Analysis (continued)

Latin America Key Findings

Transformer Market—Revenue Forecast

Distribution Transformer Market—Revenue Forecast

Power Transformer Market—Revenue Forecast

Isolation Transformer Market—Revenue Forecast

Smart Transformer Market—Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Revenue Forecast Discussion (continued)

Transformer Market—Tier Analysis

Transformer Market—Tier Analysis (continued)

Rest-of-the-World Key Findings

Transformer Market—Revenue Forecast

Distribution Transformer Market—Revenue Forecast

Power Transformer Market—Revenue Forecast

Isolation Transformer Market—Revenue Forecast

Smart Transformer Market—Revenue Forecast

Revenue Forecast Discussion

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Additional Sources of Information on Transformers and Related Markets

List of Companies in “Others”

Partial List of Companies Interviewed

Learn More—Next Steps

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. The total global transformers market is forecast to register a CAGR of below 5% from 2017 to 2022. During the forecast period, the power and distribution transformer segments are expected to witness strong growth because of the replacement market in North America, Europe, ANZ, and Japan. It is high time that transformer OEMs should focus on strengthening the distribution transformer segment as a result of the growing distributed generation and two-way power flow. To succeed in the utility business, OEMs need to show a strong track record in power projects and heightened sense of reliability that evokes trust from the customer. This study focuses on the important elements under the 4 broad segments that determine the direction and future of transformers: • Distribution Transformer • Power Transformer • Isolation Transformer • Smart Transformer Drivers and restraints are discussed for the overall global transformers market. Furthermore, top predictions to 2022 of the global transformers market are presented. The replacement market in North America and Europe is expected to drive demand for power and distribution transformers, while smart grid growth is expected to fuel higher demand for smart transformers. Replacement of aging assets would enable efficient electricity networks. Higher transmission investments, new generation plants, increasing government capital expenditure in the power sector, and new interconnections and grid establishments are driving demand for power transformers. One of the primary applications of isolation transformers is voltage change. This is necessary where the mains voltage is not similar to the voltage used by IT equipment. Such a scenario is common in North America, where, in large data centers, the mains voltage is about 480 V or 600 V; but in most parts of the world, the 400/230 V 3-
More Information
No Index No
Podcast No
Author Adwaith Visveswaran
Industries Energy
WIP Number P995-01-00-00-00
Is Prebook No
GPS Codes 9301-A4,9597,9851,9852