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At 6.5% CAGR, Global Transformer Market Size to hit USD 80 billion by 2024

Author : Rahul Sankrityayan | Published Date : 2019-08-09 

Global Transformer Market is set to grow at a compound annual growth rate (CAGR) of 6.5% between 2017 and 2024, reach USD 80 billion by 2025.

Global transformer market has witnessed a massive rise lately, in terms of revenue and volume, owing to the rising urbanization in the emerging economies as well as the dire need to replace aging transformer technology in the developed countries.

Pages: 1004

Tables: 2134

Charts / Figures: 42

Companies covered: 17

Countries covered: 24

Increasing awareness about energy conservation has led to the propagation of diverse R&D programs that have further resulted in the innovation of new transformers, like the amorphous metal transformers, that are far more energy efficient than ordinary transformers. As power utility increases across the industrial, residential and commercial sectors, transformer market share will continue to rise and is estimated to exceed USD 70 billion by 2024.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2100 

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

•             SPX

•             Ormazabal

•             Voltamp

•             Celme

•             Hyosung

•             Kirloskar

•             Daihen

•             Siemens

•             BHEL

•             ABB

•             GE

•             Mitsubishi

•             Schneider

•             Toshiba

•             Crompton Greaves

•             Eaton

•             and Hyundai

Global population has exponentially increased from the 1950s, and is certain to cross a massive benchmark by 2050. This factor is likely to inevitably contribute toward the growing energy demand around the world, given that electricity has now emerged as one of the basic requirements that ensures a fulfilled lifestyle. Thus, the massive rise in global electric supply is expected to provide a major impetus to transformer market worldwide. Understandably, the rising need for electricity in remote locations and the increasing demand for information and telecommunication infrastructure will also contribute substantially toward stimulating the overall transformer industry.

With the growth of population and onslaught of modernization, rapid urbanization has a major role to play in the expansion of transformer market. It is estimated that by 2050, two thirds of the world’s total population will be living in cities. It is noteworthy to mention that among Tokyo, Delhi, Mexico City, New York and Shanghai, five of the largest cities across the globe, three of them are situated in the emerging economies. Providing such megacities with a population amounting to several billions with utilities calls for large electricity supplies. Thus, it is apt to state that transformer industry will grow in direct proportion to the increasing electricity demand and supply to urban regions.

Browse key industry insights spread across 1004 pages with 2134 market data tables & 42 figures & charts from the report, “Transformer Market Size By Core (Closed, Shell, Berry), By Product (Distribution Transformer, Power Transformer, Instrument Transformer {Current, Potential}), By Winding (Two Winding, Auto-Transformer), By Installation (Outdoor, Indoor), By Cooling (Dry Type {Self-Air, Air Blast}, Oil Immersed {Self Cooled, Water Cooled, Forced Oil}), By Insulation (Gas, Oil, Solid, Air), By Phase (Three, Single), By Rating (≤ 10 MVA, 11 To 60 MVA, 61 To 600 MVA, > 600 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial {Hotels, Hospitals, Apartments}, Utility, Industrial {Railways, Cement, Power, Oil & Gas}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, Russia, UK, Italy, Spain, Netherlands, China, Japan, South Korea, India, Australia, Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Brazil, Peru, Argentina), Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/transformer-market

Lately, renewable sources of energy have witnessed a growing demand owing the drastic climate change that is largely being attributed to the rise of greenhouse gases in the environment. The rise of CO2 in the atmosphere has reached alarming levels, on the grounds of which numerous initiatives are being implemented to arrest the rising CO2 emissions around the world. It has been made evident that the use of energy efficient transformers can conserve energy and thus reduce the level of CO2 emission in the atmosphere. In consequence, transformer industry has been depicting an exponential growth curve, as myriad regulatory initiatives to develop better transformers have been helping to curb the climate change with their energy efficiency.  

Most countries around the world are looking to increase energy efficiency – a trend that has been favoring transformer industry through the growing popularity and demand for amorphous core metal transformers. Average and low categories of energy efficient electric instruments are now being phased out and replaced with ultra-high, very high and high energy efficient technologies. The evolution of new transformers will facilitate this phasing out, which would substantially drive transformer market.

Global refurbishment of the grid infrastructure to conserve energy and meet the rising energy demand has added to the growth of the transformer industry. Developing nations have also been increasing their infrastructural expenditure to accommodate and adopt smart transmission and distribution facilities, further stimulating transformer market.

Population expansion, increasing energy demand and deploying means of lowering CO2 emissions have not only galvanized the electricity demand but has also increased the demand for energy efficient components in power network, thereby augmenting transformer market. Key players in the transformer industry such as ABB, Crompton Greaves, General Electric, Kirloskar, BHEL, Toshiba Corp. and Hyundai Electric are investing in extensive R&D programs to make transformers more energy efficient, thus contributing to transformer market growth. As per estimates, transformer industry size is forecast to exceed 170,000 units by 2024.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2100 

Partial Table of Contents (ToC) of the report:

Chapter 4    Global Transformer Market, By Core

4.1    Global Transformer market share by core, 2017 & 2024

4.2    Closed

4.2.1    Global market from closed, 2013 - 2024

4.2.2    Global market from closed, by region, 2013 - 2024

4.3    Shell

4.3.1    Global market from shell, 2013 - 2024

4.3.2    Global market from shell, by region, 2013 - 2024

4.4    Berry

4.4.1    Global market from berry, 2013 - 2024

4.4.2    Global market from berry, by region, 2013 - 2024

Chapter 5    Global Transformer Market, By Product

5.1    Global Transformer market share by product, 2017 & 2024

5.2    Power transformer

5.2.1    Global market from power transformer, 2013 - 2024

5.2.2    Global market from power transformer, by region, 2013 - 2024

5.3    Distribution transformer

5.3.1    Global market from distribution transformer, 2013 - 2024

5.3.2    Global market from distribution transformer, by region, 2013 - 2024

5.4    Instrument transformer

5.4.1    Global market from instrument transformer, 2013 - 2024

5.4.2    Global market from instrument transformer, by region, 2013 - 2024

5.4.3    Current transformer

5.4.3.1    Global market from current transformer, 2013 - 2024

5.4.3.2    Global market from current transformer, by region, 2013 - 2024

5.4.4    Potential transformer

5.4.4.1    Global market from potential transformer, 2013 - 2024

5.4.4.2    Global market from potential transformer, by region, 2013 - 2024

5.5    Others

5.5.1    Global market from others, 2013 - 2024

5.5.2    Global market from others, by region, 2013 - 2024

Chapter 6    Global Transformer Market, By Winding

6.1    Global transformer market share by winding, 2017 & 2024

6.2    Two-winding

6.2.1    Global market from two-winding, 2013 - 2024

6.2.2    Global market from two-winding, by region, 2013 - 2024

6.3    Auto-transformer

6.3.1    Global market from auto-transformer, 2013 - 2024

6.3.2    Global market from auto-transformer, by region, 2013 - 2024

Chapter 7    Global Transformer Market, By Installation

7.1    Global transformer market share by installation, 2017 & 2024

7.2    Outdoor

7.2.1    Global market from outdoor, 2013 - 2024

7.2.2    Global market from outdoor, by region, 2013 - 2024

7.3    Indoor

7.3.1    Global market from indoor, 2013 - 2024

7.3.2    Global market from indoor, by region, 2013 - 2024

Chapter 8    Global Transformer Market, By Cooling

8.1    Global Transformer market share by cooling, 2017 & 2024

8.2    Dry type

8.2.1    Global market from dry type, 2013 - 2024

8.2.2    Global market from dry type, by region, 2013 - 2024

8.2.3    Self air

8.2.3.1    Global market from self air, 2013 - 2024

8.2.3.2    Global market from self air, by region, 2013 - 2024

8.2.4    Air blast

8.2.4.1    Global market from air blast, 2013 - 2024

8.2.4.2    Global market from air blast, by region, 2013 - 2024

8.3    Oil immersed

8.3.1    Global market from oil immersed, 2013 - 2024

8.3.2    Global market from oil immersed, by region, 2013 - 2024

8.3.3    Self Cooled

8.3.3.1    Global market from self cooled, 2013 - 2024

8.3.3.2    Global market from self cooled, by region, 2013 - 2024

8.3.4    Water cooled

8.3.4.1    Global market from water cooled, 2013 - 2024

8.3.4.2    Global market from water cooled, by region, 2013 - 2024

8.3.5    Forced oil

8.3.5.1    Global market from forced oil, 2013 - 2024

8.3.6    Global market from forced oil, by region, 2013 - 2024

8.3.7    Others

8.3.7.1    Global market from others, 2013 - 2024

8.3.7.2    Global market from others, by region, 2013 - 2024

Chapter 9    Global Transformer Market, By Insulation

9.1    Global Transformer market share by insulation, 2017 & 2024

9.2    Gas

9.2.1    Global market from gas, 2013 - 2024

9.2.2    Global market from gas, by region, 2013 - 2024

9.3    Oil

9.3.1    Global market from oil, 2013 - 2024

9.3.2    Global market from oil, by region, 2013 - 2024

9.4    Solid

9.4.1    Global market from solid, 2013 - 2024

9.4.2    Global market from solid, by region, 2013 - 2024

9.5    Air

9.5.1    Global market from air, 2013 - 2024

9.5.2    Global market from air, by region, 2013 - 2024

9.6    Others

9.6.1    Global market from others, 2013 - 2024

9.6.2    Global market from others, by region, 2013 - 2024

Chapter 10    Global Transformer Market, By Phase

10.1    Global Transformer market share by phase, 2017 & 2024

10.2    Single phase

10.2.1    Global market from single phase, 2013 - 2024

10.2.2    Global market from single phase, by region, 2013 - 2024

10.3    3 - phase

10.3.1    Global market from 3 - phase, 2013 - 2024

10.3.2    Global market from 3 - phase, by region, 2013 - 2024

Chapter 11    Global Transformer Market, By Rating

11.1    Global Transformer market share by rating, 2017 & 2024

11.2    ≤ 10 MVA

11.2.1    Global market from ≤ 10 MVA, 2013 - 2024

11.2.2    Global market from ≤ 10 MVA, by region, 2013 - 2024

11.3    11 MVA to 60 MVA

11.3.1    Global market from 11 MVA to 60 MVA, 2013 - 2024

11.3.2    Global market from 11 MVA to 60 MVA, by region, 2013 - 2024

11.4    61 MVA to 600 MVA

11.4.1    Global market from 61 MVA to 600 MVA, 2013 - 2024

11.4.2    Global market from 61 MVA to 600 MVA, by region, 2013 - 2024

11.5    > 600 MVA

11.5.1    Global market from > 600 MVA, 2013 - 2024

11.5.2    Global market from > 600 MVA, by region, 2013 - 2024

Chapter 12    Global Transformer Market, By Mounting

12.1    Global Transformer market share by mounting, 2017 & 2024

12.2    Pad

12.2.1    Global market from pad, 2013 - 2024

12.2.2    Global market from pad, by region, 2013 - 2024

12.3    Pole

12.3.1    Global market from pole, 2013 - 2024

12.3.2    Global market from pole, by region, 2013 - 2024

12.4    PC/PCB

12.4.1    Global market from PC/PCB, 2013 - 2024

12.4.2    Global market from PC/PCB, by region, 2013 - 2024

12.5    Others

12.5.1    Global market from others, 2013 - 2024

12.5.2    Global market from others, by region, 2013 - 2024

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/transformer-market

Related Report:

Lithium Ion Battery Market 2019-2025

https://www.marketwatch.com/press-release/us-lithium-ion-battery-market-share-2019-by-application-component-and-forecast-2019-07-25

Hydrogen Generation Market 2024

https://www.marketwatch.com/press-release/hydrogen-generation-market-chemical-applications-to-drive-the-demand-2019-07-25

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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