Global Markets for Transformers

Jun 2023| EGY132C| BCC Publishing

Report Highlights

The global transformers market should reach $81.6 billion by 2027 from $49.3 billion in 2022 at a compound annual growth rate (CAGR) of 10.6% for the forecast period of 2022 to 2027.

Report Includes

  • 53 tables and 28 additional tables
  • An up-to-date overview and industry analysis of the global markets for electrical transformers
  • Analyses of the global market trends, with historic market revenue data (sales figures) for 2021, estimates for 2022, forecasts for 2023, and projections of compound annual growth rates (CAGRs) through 2027
  • Estimation of the actual market size and revenue forecast for global transformers market in USD million terms, and corresponding market share analysis by type, capacity rating, phase, insulation type, end-use industry, and region
  • In-depth information (facts and figures) concerning the major factors influencing the progress of this market (benefits, and industry-specific challenges) with respect to specific growth trends, upcoming technologies, future prospects, and contributions to the overall market
  • Analysis of market opportunities with a holistic study of Porter’s Analysis and PESTLE Analysis for relevant geographic regions in the global transformer industry
  • Insight into the recent industry structure, competitive aspects of each product segment, increasing investment on R&D activities to develop low-cost advanced transformer technologies, market development strategies, and company value share analysis
  • Identification of major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, segmental revenues, and operational integration
  • Review of key patent grants and significant allotments of recent patents across each major category
  • Descriptive company profiles of the market leading players, including ABB Ltd., BHEL, DAIHEN Corp., General Electric Co., Mitsubishi Electric Corp. and Siemens AG

Report Scope

This report analyzes different transformer types, capacity ratings, phases, insulation types, mounting locations, end-use industries, and regional market development of transformers. Furthermore, we also segment the market analysis by major countries in this report, such as the U.S., China, Germany, India, and others, where the opportunities for transformers are lucrative.

The report is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current, and future market scenarios. The report also covers leading companies with information on product types, business footprint, revenue, and more. We have also included a list of other companies in global and regional markets. Also, the report consists of a patent analysis for the transformer market, representing a significant investment area for investors.

The report incorporates the impacts of COVID-19 and the Russia-Ukraine war on the global and regional markets.

In this report, 2021 is used as the market's base year, estimated values are provided for 2022, and the market values are forecast from 2022 to 2027. All market values are provided in millions of dollars, and market shares and CAGRs are provided in percentages.

Frequently Asked Questions (FAQs)

The transformers market is projected to grow from $45.0 billion in 2021 to $81.6 billion in 2027 at a compound annual growth rate (CAGR) of 10.6% during the forecast period.
Growing investment toward the expansion of the transmission network, increase in renewable power generation, and rising demand for electricity are some of the prominent factors driving the market growth over the forecast period.
The transformer market is segmented based on type, capacity rating, phase, insulation type, mounting location, end-use industry, and region.
Distribution transformer segment will dominate the market by the end of 2027.
Asia-Pacific holds the highest share of the global market.
Key companies in the market include ABB Ltd., Bharat Heavy Electrical Ltd., Celme S.R.L, CG Power & Industrial Solutions Ltd., DAIHEN Corporation, Eaton Corporation plc, General Electric company, Hammond Power Solutions, Hyosung Heavy Industries, Hyundai Electric & Energy Systems Co., Ltd., JiangSu HuaPeng Transformer Co., Ltd., Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, Toshiba Energy Systems & Solutions Corporation, and WEG.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022-2027
Base year market size $45.0 billion
Market size forecast $81.6 billion
Growth rate CAGR of 10.6%
Units considered $ Millions
Segments covered type, capacity rating, phase, insulation type, mounting location, end-use industry, and region
Regions covered North America, Europe, Asia-Pacific, and ROW
Countries covered The U.S, Canada, Mexico, Germany, France, Italy, Spain, The U.K., Rest of Europe (Austria, Belgium, Russia, Norway, Finland, Poland, and other countries), China, India, Japan, Australia, South Korea, Rest of Asia-Pacific (Australia, Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and other countries), The Middle East and Africa (GCC countries, Iran, Morocco, South Africa, Nigeria, and others), South America (Brazil, Argentina, Bolivia, Chile, Colombia, and others)
Key Market Drivers
  • Growing Investments in the Expansion of the Transmission Network
  • Increase in Renewable Power Generation
  • Increasing Demand for Electricity
Companies studied
  • SCHNEIDER ELECTRIC
  • MITSUBISHI ELECTRIC CORP.
  • SIEMENS
  • ABB
  • BHARAT HEAVY ELECTRICALS LTD.
  • CELME S.R.L.
  • CG POWER & INDUSTRIAL SOLUTIONS LTD.
  • DAIHEN CORP.
  • EATON
  • GENERAL ELECTRIC
  • HAMMOND POWER SOLUTIONS
  • HYOSUNG HEAVY INDUSTRIES
  • HYUNDAI ELECTRIC & ENERGY SYSTEMS CO. LTD.
  • JIANGSU HUAPENG TRANSFORMER CO. LTD.
  • TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORP.
  • WEG

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Global Markets for Transformers206Free
Chapter- 1: Introduction11Free
Chapter- 2: Summary and Highlights2Free
Chapter- 3: Market Overview24Free
Chapter- 4: Global Market Dynamics13Free
Chapter- 5: Market Breakdown by Type7Free
Chapter- 6: Market Breakdown by Capacity Rating7Free
Chapter- 7: Market Breakdown by Phase7Free
Chapter- 8: Market Breakdown by Insulation Type9Free
Chapter- 9: Market Breakdown by Mounting Location7Free
Chapter- 10: Market Breakdown by End-Use Industry8Free
Chapter- 11: Market Breakdown by Region13Free
Chapter- 12: Patent Analysis24Free
Chapter- 13: Competitive Landscape11Free
Chapter- 14: Company Profiles62Free
Chapter- 15: Appendix: Acronyms 1Free
Published - Oct-2016| Analyst - Aneesh Kumar| Code - EGY132B

Report Highlights

The global market for electrical transformers will grow from 515,788 units in 2016 to 738,373 units by 2021 with a compound annual growth rate (CAGR) of 7.4% for the period of 2016-2021.

Report Includes

  • An overview of the global markets for transformers.
  • Analyses of global market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
  • Information on transformers regarding their different types and technologies employed, as well as information on the manufacturing process for transformers.
  • Assessments of the regulatory standards in the U.S. and European Union considering the continuous pressures of increasing energy costs.
  • Analysis of key trends as well as challenges the market for transformers faces.
  • A look at the supplier landscape as well as profiles of major players in the field.
Published - Sep-2014| Analyst - Aneesh Kumar| Code - EGY132A

Report Highlights

BCC Research estimates the global market for transformers totalled $31.5 billion in 2013. The market should reach $33.9 billion in 2014 and $48.3 billion in 2019, registering a compound annual growth (CAGR) of 7.3% over the next five years.

Report Includes

  • An overview of the global markets for transformers.
  • Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
  • Information on transformers regarding their different types and technologies employed, as well as information on the manufacturing process for transformers.
  • Assessments of the regulatory standards in the U.S. and European Union considering the continuous pressures of increasing energy costs.
  • Analysis of key trends as well as challenges the market for transformers faces.
  • Comprehensive profiles of major players in the field.
Global Markets for Transformers

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