Power Transformers Market, 2019 - Global Market Size, Competitive Landscape, and Key Country Analysis to 2023

Power Transformers Market, 2019 - Global Market Size, Competitive Landscape, and Key Country Analysis to 2023

Summary

The global power transformers market is estimated to reach $12.84bn in 2023, growing at a compound annual growth rate (CAGR) of 1.4%. Globally, the power sector is undergoing changes, owing to various economic and environmental factors. Concerns about global warming, increasing consumer base, rapid urbanization, growing income, and operational efficiency are some of the factors aiding market reforms in the sector. In well established markets, grid assets are nearing the end of their life or well past their service life, raising questions about efficiency in their performance.

Moreover, the increasing adoption of smart technologies such as batteries and electric vehicles (EVs) would require sophisticated power transformers, as part of the effort to strengthen the grid. On the other hand, lack of or saturated grid capacities, growing per capita consumption, evolving power generation mix, and push for 100% electrification are adding to the demand for power transformers in developing economies, with new generation and transmission capacities added to meet the growing demand for power.

The supply of cheap and reliable power is critical to economic progress and development. Emerging economies in Asia-Pacific, Africa, and the Middle East are transforming their power sectors, which is resulting in significant increase in demand for power transformers. Globally, investments will likely continue to be made in the transmission and distribution sector to develop a highly resilient and reliable grid that would facilitate dynamic generation and consumption, while operating safely.

Asia-Pacific power transformers market is estimated to reach $5.83bn in 2023. Despite a slowdown in its market, China is expected to lead not only the regional market but also the global market. Americas and EMEA (Europe, Middle East, and Africa) markets.

Replacements and grid resilience initiatives are resulting in market growth in the US, the UK, Germany, and a few other developed countries. Extensive power generation capacity addition, grid expansion, and economic progress similar to the trend observed in developing countries of Asia-Pacific, are influencing the markets of Russia, Saudi Arabia, and Brazil. With the demand for power set to increase in the Middle East and Africa, the EMEA is estimated to be the fastest growing region, with the market growing at a CAGR of 3.3%, over the forecast period (2019-2023).

The latest power equipment market research report Power Transformers Market, 2019 - Global Market Size, Competitive Landscape, Key Country Analysis, and Forecast to 2023 offers in-depth analysis of the power transformers market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (the US, Brazil, India, China, Japan, Vietnam, Germany, the UK, Russia, and Saudi Arabia) levels.

The report analyzes the market value ($m) and market capacity (MVA) for the years of 2014-2023; split between the historical period (2014-2018) and forecast period (2019-2023) across all levels. The report covers the global and regional drivers and restraints influencing the market. An overview of the existing manufacturers and their market share at the global and country levels are presented. In addition, at the country level, transmission network line lengths (ckm) and substations (units), key policies and regulations, and upcoming substations projects are also presented. Profiles of major global manufacturers are also outlined in the report.

Scope

The report analyses the power transformers market. Its scope includes -

  • Analysis of the market growth at global and regional levels of Asia-Pacific, Americas, Europe, and Middle East and Africa.
  • The report provides market analysis for the key countries of the US, Brazil, India, China, Japan, Vietnam, Germany, the UK, Russia, and Saudi Arabia.
  • The report offers market size analysis (value and capacity) for the historical period (2014-2018) and forecast period (2019-2023).
  • It provides the competitive landscape at global and country level for the year 2018.
  • Key market drivers and restraints, and analysis of their impacts on the power transformers market at global and regional levels, upcoming substations and policies as well as regulations at country level, and profiles of major equipment manufacturers are also discussed.
Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
  • Facilitate decision-making by analyzing market data on power transformers
  • Develop strategies based on developments in the market
  • Identify key business-development avenues, based on an understanding of market trends
  • Respond to your competitors’ business structure, strategies and prospects


  • Executive Summary
    • Global Power Transformers Market to Grow Steadily to Reach $12.84bn in 2023
      • Table Figure 1: Power Transformers, Regions, Market Size ($bn), 2018, 2023
    • China, the US, and India are Estimated to be the Top markets over the Forecast Period
      • Table Figure 2: Power Transformers, Top Countries, Market Value ($m), 2018, 2023
  • Introduction
    • Power Transformers
      • Classification of Power Transformers
    • GlobalData Report Guidance
  • Power Transformers, Global
    • Power Transformers, Global, Market Overview
      • Table Power Transformers, Global, Market Snapshot
    • Power Transformers, Global, Value-Chain Analysis
      • Table Figure 3: Power Transformers, Global, Value-Chain Analysis
    • Power Transformers, Global, Market Drivers and Restraints Analysis
      • Table Power Transformers, Global, Drivers and Restraints
      • Power Transformers, Global, Drivers and Impact Analysis
      • Power Transformers, Global, Restraints and Impact Analysis
    • Power Transformers, Global, Market Size Analysis, 2014–2023
      • Power Transformers, Global, Market Capacity (MVA), 2014–2023
        • Table Figure 4: Power Transformers, Global, Market Capacity(GVA),2014–2023
        • Table Power Transformers, Global, Market Capacity(GVA), 2014–2023
      • Power Transformers, Global, Market Value ($bn), 2014–2023
        • Table Figure 5: Power Transformers, Global, Market Value ($bn), 2014–2023
        • Table Power Transformers, Global, Market Value ($bn),2014–2023
    • Power Transformers, Global, Competitive Landscape, 2018
      • Table Figure 6: Power Transformers, Global, Market Share (%), 2018
      • Table Power Transformers, Global, Market Share (%), 2018
  • Power Transformers, Americas
    • Power Transformers, Americas, Market Overview
    • Power Transformers, Americas, Market Drivers and Restraints Analysis
      • Table Power Transformers, Americas, Market Drivers and Restraints Overview
      • Power Transformers, Americas, Drivers and Impact Analysis
      • Power Transformers, Americas, Restraints and Impact Analysis
    • Power Transformers, Americas, Market Size Analysis, 2014–2023
      • Power Transformers, Americas, Market Capacity (GVA), 2014–2023
        • Table Figure 7: Power Transformers, Americas, Market Capacity (GVA), 2014–2023
        • Table Power Transformers, Americas, Market capacity (GVA), 2014–2023
      • Power Transformers, Americas, Market Value ($bn), 2014–2023
        • Table Figure 8: Power Transformers, Americas, Market Value ($bn), 2014–2023
        • Table Power Transformers, Americas, Market Value ($bn), 2014–2023
  • Power Transformers, US
    • Power Transformers, US, Market Overview
      • Table Power Transformers, US, Market Snapshot
      • Table Figure 9: Power Transformers, US, Transmission System Overview, 2014–2023
      • Table Power Transformers, US, Transmission System Overview, 2014–2023
    • Power Transformers, US, Key Policies and Initiatives
      • Strategic Reserve Program for Large Power Transformers
      • Anti-dumping Duties
      • US Department of Energy-Loan Guarantee Program
    • Power Transformers, US, Market Size Analysis, 2014–2023
      • Power Transformers, US, Market Capacity (MVA), 2014–2023
        • Table Figure 10: Power Transformers, US, Market Capacity by Voltage (MVA), 2014–2023
        • Table Power Transformers, US, Market Capacity by Voltage (MVA), 2014–2023
      • Power Transformers, US, Market Value ($m), 2014–2023
        • Table Figure 11: Power Transformers, US, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, US, Market Value by Voltage ($m), 2014–2023
    • Power Transformers, US, Competitive Landscape, 2018
      • Table Figure 12: Power Transformers, US, Market Share (%), 2018
      • Table Power Transformers, US, Market Share (%), 2018
    • Power Transformers, US, Key Upcoming Substation Projects
      • Table Power Transformers, US, Key Upcoming Substation Projects
  • Power Transformers, Brazil
    • Power Transformers, Brazil, Market Overview
      • Table Power Transformers, Brazil, Market Snapshot
      • Table Figure 13: Power Transformers, Brazil, Transmission System Overview, 2014–2023
      • Table Power Transformers, Brazil, Transmission System Overview, 2014–2023
    • Power Transformers, Brazil, Key Policies and Regulations
      • The Ten-Year Energy Plan (PDE 2027)
        • Table Power Transformers, Brazil, Transmission Line Investment Share, 2018–2027
        • Table Power Transformers, Brazil, Transmission Substation Investment Share, 2018–2027
      • IIRSA: Initiative for the Integration of Regional Infrastructure in South America
      • Other Government Initiatives
    • Power Transformers, Brazil, Market Size Analysis, 2014–2023
      • Power Transformers, Brazil, Market Capacity (MVA), 2014–2023
        • Table Figure 14: Power Transformers, Brazil, Market Capacity by Voltage (MVA), 2014–2023
        • Table Power Transformers, Brazil, Market Capacity by Voltage (MVA), 2014–2023
      • Power Transformers, Brazil, Market Value ($m), 2014–2023
        • Table Figure 15: Power Transformers, Brazil, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, Brazil, Market Value by Voltage ($m), 2014–2023
    • Power Transformers, Brazil, Competitive Landscape, 2018
      • Table Figure 16: Power Transformers, Brazil, Market Share (%), 2018
      • Table Power Transformers, Brazil, Market Share (%), 2018
    • Power Transformers, Brazil, Key Upcoming Substation Projects
      • Table Power Transformers, Brazil, Key Upcoming Substation Projects
  • Power Transformers, Asia-Pacific
    • Power Transformers, Asia-Pacific, Market Overview
    • Power Transformers, Asia-Pacific, Market Drivers and Restraints Analysis
      • Table Power Transformers, Asia-Pacific, Drivers and Restraints Overview
      • Power Transformers, Asia-Pacific, Drivers and Impact Analysis
      • Power Transformers, Asia-Pacific, Restraints and Impact Analysis
    • Power Transformers, Asia-Pacific, Market Size Analysis, 2014–2023
      • Power Transformers, Asia-Pacific, Market Capacity (GVA), 2014–2023
        • Table Figure 17: Power Transformers, Asia-Pacific, Market Capacity (GVA), 2014–2023
        • Table Power Transformers, Asia-Pacific, Market Capacity (GVA), 2014–2023
      • Power Transformers, Asia-Pacific, Market Value ($bn), 2014–2023
        • Table Figure 18: Power Transformers, Asia-Pacific, Market Value ($bn), 2014–2023
        • Table Power Transformers, Asia-Pacific, Market Value ($bn), 2014–2023
  • Power Transformers, China
    • Power Transformers, China, Market Overview
      • Table Power Transformers, China, Market Snapshot
      • Table Figure 19: Power Transformers, China, Transmission System Overview, 2014–2023
      • Table Power Transformers, China, Transmission System Overview, 2014–2023
    • Power Transformers, China, Key Policies and Regulations
      • National Grid by 2020
      • Investment Planned for Ultra High Voltage Transmission Project
      • One Belt, One Road Initiative – the Asian Super Grid and the dream for Global Unified Grid
    • Power Transformers, China, Market Size Analysis, 2014–2023
      • Power Transformers, China, Market Capacity (MVA), 2014–2023
        • Table Figure 20: Power Transformers, China, Market capacity by Voltage (MVA), 2014–2023
        • Table Power Transformers, China, Market Capacity by Voltage (MVA), 2014–2023
      • Power Transformers, China, Market Value ($m), 2014–2023
        • Table Figure 21: Power Transformers, China, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, China, Market Value by Voltage ($m), 2014–2023
    • Power Transformers, China, Competitive Landscape, 2018
      • Table Figure 22: Power Transformers, China, Market Share (%), 2018
      • Table Power Transformers, China, Market Share (%), 2018
    • Power Transformers, China, Key Upcoming Substation Projects
      • Table Power Transformers, China, Key Upcoming Substation Projects
  • Power Transformers, India
    • Power Transformers, India, Market Overview
      • Table Power Transformers, India, Market Snapshot
      • Table Figure 23: Power Transformers, India, Transmission System Overview, 2014–2023
      • Table Power Transformers, India, Transmission System Overview, 2014–2023
    • Power Transformers, India, Key Policies and Initiatives
      • Development of Indigenous Capacity for CRGO Steel Production
      • Renewable Energy Integration
      • 13th Five-Year Plan (2017–2022)
        • Table Power Transformers, 13th Five-Year Plan, Added Substation Capacity
      • Power Sector Reforms and Transmission Infrastructure Revamping Projects
    • Power Transformers, India, Market Size Analysis, 2014–2023
      • Power Transformers, India, Market Capacity (MVA), 2014–2023
        • Table Figure 24: Power Transformers, India, Market Capacity (MVA), by Voltage, 2014–2023
        • Table Power Transformers, India, Market capacity (MVA), by Voltage, 2014–2023
      • Power Transformers, India, Market Value ($m), 2014–2023
        • Table Figure 25: Power Transformers, India, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, India, Market Value by Voltage ($m), 2014–2023
    • Power Transformers, India, Competitive Landscape, 2018
      • Table Figure 26: Power Transformers, India, Market Share (%), 2018
      • Table Power Transformers, India, Market Share (%), 2018
    • Power Transformers, India, Key Upcoming Substation Projects
      • Table Power Transformers, India, Key Upcoming Substation Projects
  • Power Transformers, Japan
    • Power Transformers, Japan, Market Overview
      • Table Power Transformers, Japan, Market Snapshot
      • Table Figure 27: Power Transformers, Japan, Transmission System Overview, 2014–2023
      • Table Power Transformers, Japan, Transmission System Overview, 2014–2023
    • Power Transformers, Japan, Key Policies and Initiatives
      • Legal Unbundling of Japan's Power Market
      • Power Sector Reforms
    • Power Transformers, Japan, Market Size Analysis, 2014–2023
      • Power Transformers, Japan, Market Capacity (MVA), 2014–2023
        • Table Figure 28: Power Transformers, Japan, Market Capacity by Voltage (MVA), 2014–2023
        • Table Power Transformers, Japan, Market Capacity by Voltage (MVA), 2014–2023
      • Power Transformers, Japan, Market Value ($m), 2014–2023
        • Table Figure 29: Power Transformers, Japan, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, Japan, Market Value by Voltage ($m), 2014–2023
    • Power Transformers, Japan, Competitive Landscape, 2018
      • Table Figure 30: Power Transformers, Japan, Market Share (%), 2018
      • Table Power Transformers, Japan, Market Share (%), 2018
    • Power Transformers, Japan, Upcoming Substation Projects
      • Table Power Transformers, Japan, Upcoming Substation Projects
  • Power Transformers, Vietnam
    • Power Transformers, Vietnam, Market Overview
      • Table Power Transformers, Vietnam, Market Snapshot
      • Table Figure 31: Power Transformers, Vietnam, Transmission System Overview, 2014–2023
      • Table Power Transformers, Vietnam, Transmission System Overview, 2014–2023
    • Power Transformers, Vietnam, Key Policies and Initiatives
      • Electricity Law of 2004
      • The Law on Energy Efficiency and Conservation 2010
      • National energy development strategy until 2020 with the vision to 2050
      • Renewable energy development strategy
    • Power Transformers, Vietnam, Market Size Analysis, 2014–2023
      • Power Transformers, Vietnam, Market Capacity (MVA), 2014–2023
        • Table Figure 32: Power Transformers, Vietnam, Market Capacity by Voltage (MVA), 2014–2023
        • Table Power Transformers, Vietnam, Market Capacity by Voltage (MVA), 2014–2023
      • Power Transformers, Vietnam, Market Value ($m), 2014–2023
        • Table Figure 33: Power Transformers, Vietnam, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, Vietnam, Market Value by Voltage ($m), 2014–2023
    • Power Transformers, Vietnam, Competitive Landscape, 2018
      • Table Figure 34: Power Transformers, Vietnam, Market Share (%), 2018
      • Table Power Transformers, Vietnam, Market Share (%), 2018
    • Power Transformers, Vietnam, Upcoming Substation Projects
      • Table Power Transformers, Vietnam, Upcoming Substation Projects
  • Power Transformers, Europe, Middle East, Africa (EMEA)
    • Power Transformers, EMEA, Market Overview
    • Power Transformers, EMEA, Market Drivers and Restraints Analysis
      • Table Power Transformers, EMEA, Drivers and Restraints Overview
      • Power Transformers, EMEA, Drivers and Impact Analysis
      • Power Transformers, EMEA, Restraints and Impact Analysis
    • Power Transformers, EMEA, Market Size Analysis, 2014–2023
      • Power Transformers, EMEA, Market Capacity (MVA), 2014–2023
        • Table Figure 35: Power Transformers, EMEA, Market Capacity (GVA), 2014–2023
        • Table Power Transformers, EMEA, Market Capacity (GVA), 2014–2023
      • Power Transformers, EMEA, Market Value ($bn), 2014–2023
        • Table Figure 36: Power Transformers, EMEA, Market Value ($bn), 2014–2023
        • Table Power Transformers, EMEA, Market Value ($bn), 2014–2023
  • Power Transformers, UK
    • Power Transformers, UK, Market Overview
      • Table Power Transformers, UK, Market Snapshot
      • Table Figure 37: Power Transformers, UK, Transmission System Overview, 2014–2023
      • Table Power Transformers, UK, Transmission System Overview, 2014–2023
    • Power Transformers, UK, Key Policies and Regulations
      • Ofgem – RIIO Framework
      • EU Eco Design requirements for transformers planned for 2021
        • Table Power Transformers, UK, EU Eco Design Minimum Peak Efficiency Index Requirements for Liquid Immersed
    • Power Transformers, UK, Market Size Analysis, 2014–2023
      • Power Transformers, UK, Market Capacity (MVA), 2014–2023
        • Table Figure 38: Power Transformers, UK, Market Capacity by Voltage (MVA), 2014–2023
        • Table Power Transformers, UK, Market Capacity by Voltage (MVA), 2014–2023
      • Power Transformers, UK, Market Value ($m), 2014–2023
        • Table Figure 39: Power Transformers, UK, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, UK, Market Value ($m), by Voltage, 2014–2023
    • Power Transformers, UK, Competitive Landscape, 2018
      • Table Figure 40: Power Transformers, UK, Market Share (%), 2018
      • Table Power Transformers, UK, Market Share (%), 2018
    • Power Transformers, UK, Key Upcoming Substation Projects
      • Table Power Transformers, UK, Key Upcoming Substation Projects
  • Power Transformers, Germany
    • Power Transformers, Germany, Market Overview
      • Table Power Transformers, Germany, Market Snapshot
      • Table Figure 41: Power Transformers, Germany, Transmission System Overview, 2014–2023
      • Table Power Transformers, Germany, Transmission System Overview, 2014–2023
    • Power Transformers, Germany, Key Policies and Regulations
      • The German Energy Transition (Energiewende)
      • Target Grid 2050
      • Grid Expansion Acceleration Act
    • Power Transformers, Germany, Market Size Analysis, 2014–2023
      • Power Transformers, Germany, Market Capacity (MVA), 2014–2023
        • Table Figure 42: Power Transformers, Germany, Market Capacity by Voltage (MVA), 2014–2023
        • Table Power Transformers, Germany, Market Capacity by Voltage (MVA), 2014–2023
      • Power Transformers, Germany, Market Value ($m), 2014–2023
        • Table Figure 43: Power Transformers, Germany, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, Germany, Market Value by Voltage ($m), 2014–2023
    • Power Transformers, Germany, Competitive Landscape, 2018
      • Table Figure 44: Power Transformers, Germany, Market Share (%), 2018
      • Table Power Transformers, Germany, Market Share (%), 2018
    • Power Transformers, Germany, Key Upcoming Substation Projects
      • Table Power Transformers, Germany, Key Upcoming Substation Projects
  • Power Transformers, Russia
    • Power Transformers, Russia, Market Overview
      • Table Power Transformers, Russia, Market Snapshot
      • Table Figure 45: Power Transformers, Russia, Transmission System Overview, 2014–2023
      • Table Power Transformers, Russia, Transmission System Overview, 2014–2023
    • Power Transformers, Russia, Key Policies and Initiatives
      • FGC UES for 2016-2020 Investment Program
      • Energy Strategy for Russia for the Period up to 2035
    • Power Transformers, Russia, Market Size Analysis, 2014–2023
      • Power Transformers, Russia, Market Capacity (MVA), 2014–2023
        • Table Figure 46: Power Transformers, Russia, Market Capacity by Voltage (MVA), 2014–2023
        • Table Power Transformers, Russia, Market Capacity by Voltage (MVA), 2014–2023
      • Power Transformers, Russia, Market Value ($m), 2014–2023
        • Table Figure 47: Power Transformers, Russia, Market Value by Voltage ($m), 2014–2023
        • Table Power Transformers, Russia, Market Value by Voltage ($m), 2014–2023
    • Power Transformers, Russia, Competitive Landscape, 2018
      • Table Figure 48: Power Transformers, Russia, Market Share (%), 2018
      • Table Power Transformers, Russia, Market Share (%), 2018
    • Power Transformers, Russia, Key Upcoming Substation Projects
      • Table Power Transformers, Russia, Key Upcoming Substation Projects
  • Power Transformers, Saudi Arabia
    • Power Transformers, Saudi Arabia, Market Overview
      • Table Power Transformers, Saudi Arabia, Market Snapshot
      • Table Figure 49: Power Transformers, Saudi Arabia, Transmission System Overview, 2014–2023
      • Table Power Transformers, Saudi Arabia, Transmission System Overview, 2014–2023
    • Power Transformers, Saudi Arabia, Key Policies and Initiatives
      • National Renewable Energy Program and Local Content Requirements
        • Table Power Transformers, Saudi Arabia , REPDO Renewable Energy Forecast up to 2023
      • The Saudi Arabian Grid Code
      • Market Liberalization and Foreign Investment Policies
    • Power Transformers, Saudi Arabia, Market Size Analysis, 2014–2023
      • Power Transformers, Saudi Arabia, Market Capacity (MVA), 2014–2023
        • Table Figure 50: Power Transformers, Saudi Arabia, Market capacity (MVA) by Voltages, 2014–2023
        • Table Power Transformers, Saudi Arabia, Market Capacity by Voltages (MVA), 2014–2023
      • Power Transformers, Saudi Arabia, Market Value ($m), 2014–2023
        • Table Figure 51: Power Transformers, Saudi Arabia, Market Value ($m) by Voltages, 2014–2023
        • Table Power Transformers, Saudi Arabia, Market Value by Voltages ($m), 2014–2023
    • Power Transformers, Saudi Arabia, Competitive Landscape, 2018
      • Table Figure 52: Power Transformers, Saudi Arabia, Market Share (%), 2018
      • Table Power Transformers, Saudi Arabia, Market Share (%), 2018
    • Power Transformers, Saudi Arabia, Key Upcoming Substation Projects
      • Table Power Transformers, Saudi Arabia, Key Upcoming Substation Projects
  • Power Transformers, Key Company Profiles
    • Table Power Transformers, Company Profile, Hitachi Ltd
    • Table Power Transformers, Company Profile, Siemens AG
    • Table Power Transformers, Company Profile, GE Power
    • Table Power Transformers, Company Profile, Crompton Greaves Ltd
    • Table Power Transformers, Company Profile, Toshiba Corp
  • Appendix
    • Abbreviations
      • Table Abbreviations
    • Bibliography
    • Research Methodology
      • Table Power Transformers, Conversion Factor
    • Secondary Research
    • Primary Research
    • Contact Us
    • Disclaimer

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