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Global Power Transformers Market 2017-2021

Global Power Transformers Market 2017-2021

About Power Transformers

Power transformers are defined as static devices comprising two or more windings; they use electromagnetic induction to transform an alternating current or voltage system into a different system of current or voltage, which has been stepped up or stepped down for the transmission of electric power. Power generating utilities find it highly cost-effective to generate electric power at low voltage levels.

Technavio’s analysts forecast the global power transformers market to grow at a CAGR of 7.16% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global power transformers market for 2017-2021. To calculate the market size, the report considers new sales and excludes retrofit/replacement/spares/ aftermarket/services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Power Transformers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • CG
  • General Electric (GE)
  • Schneider Electric
  • Siemens
Other prominent vendors
  • ALTRAFO
  • Celme
  • DuPont
  • Eaton
  • ELANTAS
  • Eremu
  • Fuji Electric
  • Hammond Power Solutions
  • Hyosung Power & Industrial Systems Performance Group
  • Hyundai Heavy Industries
  • J. Schneider Elektrotechnik
  • Jinpan International
  • Kirloskar Electric
  • KOTSONS
  • Layer Electronics
  • LS Industrial Systems
  • Mace
  • MGM Transformer Company
  • Mitsubishi Electric
  • Ormazabal
  • Prima Transformers
  • Raychem RPG
  • Ruhstrat
  • SPX Transformer Solutions
  • Synergy Transformers
  • TBEA
  • Temco
  • Toshiba
  • Vijay Power Control Systems
  • Virginia Transformer
  • Voltamp Transformers
  • Xi’an XD Transformer
  • YangZhou Power Electric
Market driver
  • Modernization of existing transformers
  • For a full, detailed list, view our report
Market challenge
  • Lack of effective product differentiation
  • For a full, detailed list, view our report
Market trend
  • Increasing popularity of dry-type transformers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Power Transformers Market 2017-2021

Technavio recognizes the following companies as the key players in the global power transformers market: ABB, CG, General Electric (GE), Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: ALTRAFO, Celme, DuPont, Eaton, ELANTAS, Eremu, Fuji Electric, Hammond Power Solutions, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries, J. Schneider Elektrotechnik, Jinpan International, Kirloskar Electric, KOTSONS, Layer Electronics, LS Industrial Systems, Mace, MGM Transformer Company, Mitsubishi Electric, Ormazabal, Prima Transformers, Raychem RPG, Ruhstrat, SPX Transformer Solutions, Synergy Transformers, TBEA, Temco, Toshiba, Vijay Power Control Systems, Virginia Transformer, Voltamp Transformers, Xi’an XD Transformer, and YangZhou Power Electric.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing popularity of dry-type transformers. Dry-type transformers are preferred over oil-filled transformers due to the absence of inflammable oils, which involve the risk of fire. Typical places that have high risks of fire include commercial areas like airports and malls and residential complexes.”

According to the report, one driver in the market is modernization of existing transformers. Factors such as the increase in installation of new transformers and the replacement of old transformers with new ones are fueling the growth of the global power transformers market. Much of the T&D infrastructure globally needs renovation, mainly because the existing networks are unable to meet the growth in the demand for power.

Further, the report states that one challenge in the market is lack of effective product differentiation. The global power transformers market is made up of several local, regional, and international vendors that offer similar products at competitive prices. Therefore, vendors are trying to differentiate their products by providing transformers that minimize copper, core, hysteresis, and eddy current losses.

ABB, CG, General Electric (GE), Schneider Electric, Siemens, ALTRAFO, Celme, DuPont, Eaton, ELANTAS, Eremu, Fuji Electric, Hammond Power Solutions, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries, J. Schneider Elektrotechnik, Jinpan International, Kirloskar Electric, KOTSONS, Layer Electronics, LS Industrial Systems, Mace, MGM Transformer Company, Mitsubishi Electric, Ormazabal, Prima Transformers, Raychem RPG, Ruhstrat, SPX Transformer Solutions, Synergy Transformers, TBEA, Temco, Toshiba, Vijay Power Control Systems, Virginia Transformer, Voltamp Transformers, Xi’an XD Transformer, and YangZhou Power Electric.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Global power transformers market 2016-2021 ($ billions)
    • Global power outlook
      • Table Global power outlook
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type of insulation
    • Market overview
      • Table Global power transformers market: Segmentation by type of insulation 2016 and 2021
    • Liquid-immersed power transformer
      • Table Global liquid-immersed power transformers market 2017-2021 ($ billions)
    • Dry-type power transformers
      • Table Global dry-type power transformers market 2016-2021 ($ billions)
  • Geographical segmentation
    • Global power transformers market by geography
      • Table Global power transformers market: Geographic segmentation 2016 and 2021
    • Power transformer market in APAC
      • Table T&D line length addition and refurbishment in APAC 2014-2035 (thousands of miles)
      • Table Power transformers market in APAC 2016-2021 ($ billions)
    • Power transformer market in EMEA
      • Table T&D line length addition and refurbishment in EMEA 2014-2035 (thousands of miles)
      • Table Power transformers market in EMEA 2016-2021 ($ billions)
    • Power transformer market in the Americas
      • Table T&D line length addition and refurbishment in Americas 2014-2035 (thousands of miles)
      • Table Power transformers market in the Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Power generation capacity addition in India 2013-2015 (GW)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Electrical equipment imports to India 2013-2014 (%)
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Emergence of eco-efficient power transformers
      • Table Seven green criteria covering three phases of product lifecycle
    • Increasing popularity of dry-type transformers
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors
      • Table eographic presence of key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
    • CG
    • General Electric (GE)
    • Schneider Electric
    • Siemens
  • Appendix
    • List of abbreviations
  • Explore Technavio

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