Transformers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The transformer is used to transfer electrical energy from one electrical circuit to other circuits. A growing number of load centers across the world is one of the major drivers of the transformers market. Technological advancements and growing digitization are rising demand for the low and medium voltage electric infrastructure which positively influences the transformers market growth. Increasing implementations of smart grids and growing initiatives to rebuild the existing energy infrastructure support the growth of the transformers market.

MARKET DYNAMICS

The growing consumption of electricity is increasing the demand for electricity which propels the growth of the transformers market. Increasing deployment and standardization of energy-efficient electric supply systems is further booming the growth of the transformers market. Rapid expansion in the long route transmission network is expected to drive the growth of the transformers market. Moreover, increasing investment in the energy infrastructures by governments provides a lucrative opportunity for the market player of the transformers market.

MARKET SCOPE

The "Global Transformers Market Analysis to 2031" is a specialized and in-depth study of the transformers industry with a special focus on the global market trend analysis. The report aims to provide an overview transformers market with detailed market segmentation by type, cooling type, rating, and geography. The global transformers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading transformers market players and offers key trends and opportunities in the transformers market.

MARKET SEGMENTATION

The global transformers market is segmented on the basis of type, cooling type, rating. On the basis type the market is segmented as power transformer, distribution transformer, others. On the basis cooling type the market is segmented as oil-cooled, air-cooled. On the basis rating the market is segmented as below 100 MVA, 100-600 MVA, Above 600 MVA.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global transformers market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The transformers market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting transformers market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the transformers market in these regions.

Transformers Market Report Analysis

Transformers Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ABB
• General Electric Company
• Hitachi T and D Solutions, Inc.
• Hyosung Heavy Industries 5 .Hyundai Electric and Energy Systems Co., Ltd.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens AG
• SPX Transformer Solutions Inc.
• Toshiba International Corporation

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Power Transformer
• Distribution Transformer

By Cooling Type

• Oil-Cooled
• Air-Cooled

By Rating

• Below 100 MVA
• 100-600 MVA
• Above 600 MVA

MARKET PLAYERS

The reports cover key developments in the transformers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from transformers market are anticipated to lucrative growth opportunities in the future with the rising demand for transformers in the global market. Below mentioned is the list of few companies engaged in the transformers market.

The report also includes the profiles of key transformers companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  ABB
  
•  General Electric Company
  
•  Hitachi T&D Solutions, Inc.
  
•  Hyosung Heavy Industries
  
•  Hyundai Electric & Energy Systems Co., Ltd.
  
•  Mitsubishi Electric Corporation
  
•  Schneider Electric SE
  
•  Siemens AG
  
•  SPX Transformer Solutions Inc.
  
•  Toshiba International Corporation
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Transformers Market Report Scope