Global Transformers Market By Product (Power Transformer, Distribution Transformer, And Others), By Application (Power Industry, Metallurgy Industry, Petrochemicals Industry, And Others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028
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Market.us announces publication of its most recently generated research report titled, “Global Transformers Market by Product (Power Transformer, Distribution Transformer, Instrument Transformer and others), By Application (Power Industry, Metallurgy Industry, Petrochemicals Industry, Urban Construction, and others), and by Region – Global Forecast to 2028.”, Which offers a holistic view of the global Transformers market through systematic segmentation that covers every aspect of the target market.
The global Transformers market is projected to be US$ 30,387.2 Mn in 2018 to reach US$ 60,713.2 Mn by 2028 at a CAGR of 7.2%.
Transforms are the electric devices that can transfers the electrical energy from one AC circuit to one or more circuits. Transformers are static electric devices that can be used for either stepping-up or stepping-down the voltage. Voltage change in the transformers can be done by electromagnetic induction. Global transformers market is expected to see high growth in the forecast period due to the increase in the development of rural areas, industrialization, and opening new generation plants. Increasing government capital expenditure in the power sector, high transmission investments and increasing global energy consumption are some of the other factors that have helped the market to grow with a rapid pace. Due to the increased power generation in emerging nations as well as developed economies, the market is anticipated to see high growth in the forecast period.
trending_up Total Revenue in 2018$ 30,387.2 Mn
trending_up Market CAGR of the Next Ten Years7.2%
no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.- By Type
- By Region
- By Application
no_encryption Leading Companies Financial HighlightsPurchase this report or a membership to unlock the leading companies financial highlights for this industry.trending_up Market Revenue of the Next Ten Years$ 60,713.2 Mn
Key drivers for future transformer market development include an increase in electricity demand in developing countries, a boost for high-voltage power transformers, replacement of old electric power equipment in matured economies, and capital expenditure in the power sector worldwide. Also, the adoption of energy-efficiency standards in developed markets, such as Europe and the United States, as well as in emerging markets, such as China and India, are expected to create a demand for new, more efficient electrical equipment, including power transformers.
Global Transformers Market Revenue (US$ Mn), 2018–2028Â
Increase in the electricity demand in the emerging nations, along with growth in the power industry is expected to drive growth in the transformer industry. Also, growing industrialization and commercial development drive growth in the transformer market.
however, higher competition from Chinese manufacturers and saturated market of transformers in European countries is expected to hamper the growth of the global transformers market
Global transformers market is segmented on the basis on product, application and region. On the basis of product, the market is segmented into power transformer, distribution transformer, instrument transformer and others. The power transformer segment accounts for the majority share in the global transformers market, while the distribution is expected to register the highest growth rate over the forecast period. On the basis of application, the market is segmented into the power industry, metallurgy industry, petrochemicals industry, urban construction, and others. The power industry accounts for a majority share in the global Transformers market.
Global Transformers Market by Application, 2018
On the basis of region, the market is segmented into the United States, Europe, China, India, Japan and Southeast Asia. China accounts for the majority share in the global Transformers market, followed by the United States. Emerging economies, such as China and India, are expected to register the highest growth rate over the forecast period. Countries and regions such as Japan, South America and the rest of the world are expected to register stable growth over the forecast period.
The research report on the global Transformers market includes profiles of some of major companies such as ABB Ltd., Siemens Aktiengesellschaft, Toshiba Corporation, Hitachi, Ltd., Fuji Electric Co., Ltd, Mitsubishi Electric Corporation, Hyosung Corporation, General Electric Company, CG Power and Industrial, SGB-SMIT Holding, Efacec Power Solutions, S.G.P.S., SA, JiangSu HuaPeng Transformer and other key players.
Key Market Segments:
Type
- Power Transformer
- Distribution Transformer
- Instrument Transformer
Application
- Power Industry
- Metallurgy Industry
- Petrochemicals Industry
- Urban Construction
Key Market Players included in the report:
- ABB Ltd.
- Siemens Aktiengesellschaft
- Toshiba Corporation
- Hitachi Ltd.
- Fuji Electric Co. Ltd.
- Mitsubishi Electric Corporation
- Hyosung Corporation
- General Electric Company
- CG Power and Industrial
- SGB-SMIT Holding
- Efacec Power Solutions
- S.G.P.S.
- SA
- JiangSu HuaPeng Transformer
For the Transformers Market research study, the following years have been considered to estimate the market size:
Particular Scope Region - North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Historic Year 2015 to 2020 Estimated Year 2021 Forecast Year 2022 to 2031 - account_circleAbout Me
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- Chapter 1 Transformers Market Overview
- 1.1 Introduction
- 1.2 Drivers for Transformers Market
- 1.3 Restraints for Transformers Market
- 1.4 Transformer Segment by Product Type
- 1.4.1 Global Transformer Revenue Comparison by Product Type (2012-2028)
- 1.4.2 Transformer Revenue Market Share by Product Type in 2018
- 1.5 Transformer Segment by Application
- 1.5.1 Global Transformer Revenue Comparison by Application (2012-2028)
- 1.5.2 Transformer Revenue Market Share by Application in 2018
- 1.6 Transformer Market Outlook by Region
- 1.6.1 Global Transformer Revenue Comparison by Region (2012-2028)
- 1.6.2 Transformer Revenue Market Share by Region in 2018
- 1.7 Global Transformer Market Outlook (2012-2028)
- 1.7.1 Global Transformer Revenue (2012-2019)
- 1.7.2 Global Transformer Revenue (2020-2028)
- Chapter 2 Global Transformer Revenue by Regions
- 2.1 Global Transformer Revenue Comparison by Region (2012-2019)
- 2.2 Global Transformer Revenue Comparison by Region (2020-2028)
- Chapter 3 Global Transformer Revenue by Product Type
- 3.1 Global Transformer Revenue Comparison by Product Type (2012-2019)
- 3.2 Global Transformer Revenue Comparison by Product Type (2020-2028)
- Chapter 4 Global Transformer Revenue by Application
- 4.1 Global Transformer Revenue Comparison by Application (2012-2019)
- 4.2 Global Transformer Revenue Comparison by Application (2020-2028)
- Chapter 5 Europe Transformers Segment by Application
- 5.1 Europe Transformers Revenue Comparison by Application (2012-2028)
- 5.1.1 Transformers Revenue Market Share by Application in 2018
- 5.2 Transformers Segment by Product Type
- 5.2.1 Europe Transformers Revenue Comparison by Product Type (2012-2028)
- 5.2.2 Transformers Revenue Market Share by Product Type in 2018
- 5.3 Transformers Market Outlook by Region
- 5.3.1 Europe Transformers Revenue Comparison by Region (2012-2028)
- 5.3.2 Transformers Revenue Market Share by Region in 2018
- 5.4 Europe Transformers Market Outlook (2012-2028)
- 5.4.1 Europe Transformers Revenue (2012-2019)
- 5.4.2 Europe Transformers Revenue (2020-2028)
- 5.5 Europe Transformers Revenue Comparison by Region (2012-2019)
- 5.6 Europe Transformers Revenue Comparison by Region (2020-2028)
- 5.7 Europe Transformers Revenue Comparison by Application (2012-2019)
- 5.8 Europe Transformers Revenue Comparison by Application (2020-2028)
- 5.9 Europe Transformers Revenue Comparison by Product Type (2012-2019)
- 5.10 Europe Transformers Revenue Comparison by Product Type (2020-2028)
- 5.1 Europe Transformers Revenue Comparison by Application (2012-2028)
- Chapter 6 Global Transformers Market Analysis by Key Manufactures
- 6.1 Manufacturing Process Analysis for Power Transformers
- 6.2 Distributors List
- 6.3 Company Profiles
- 6.3.1 ABB Ltd.
- 6.3.1.1 Company Overview
- 6.3.1.2 Business Description
- 6.3.1.3 Product Portfolio
- 6.3.1.4 Key Financials
- 6.3.1.5 Key Developments
- 6.3.1.6 SWOT Analysis
- 6.3.2 Siemens Aktiengesellschaft
- 6.3.2.1 Company Overview
- 6.3.2.2 Business Description
- 6.3.2.3 Product Portfolio
- 6.3.2.4 Key Financials
- 6.3.2.5 Key Developments
- 6.3.2.6 SWOT Analysis
- 6.3.3 Toshiba Corporation
- 6.3.3.1 Company Overview
- 6.3.3.2 Business Description
- 6.3.3.3 Product Portfolio
- 6.3.3.4 Key Financials
- 6.3.3.5 Key Developments
- 6.3.3.6 SWOT Analysis
- 6.3.4 Hitachi, Ltd.
- 6.3.4.1 Company Overview
- 6.3.4.2 Business Description
- 6.3.4.3 Product Portfolio
- 6.3.4.4 Key Financials
- 6.3.4.5 Key Developments
- 6.3.4.6 SWOT Analysis
- 6.3.5 Fuji Electric Co., Ltd.,
- 6.3.5.1 Company Overview
- 6.3.5.2 Business Description
- 6.3.5.3 Product Portfolio
- 6.3.5.4 Key Financials
- 6.3.5.5 Key Developments
- 6.3.5.6 SWOT Analysis
- 6.3.6 Mitsubishi Electric Corporation
- 6.3.6.1 Company Overview
- 6.3.6.2 Business Description
- 6.3.6.3 Product Portfolio
- 6.3.6.4 Key Financials
- 6.3.6.5 Key Development
- 6.3.6.6 SWOT Analysis
- 6.3.7 Hyosung Corporation
- 6.3.7.1 Company Overview
- 6.3.7.2 Business Description
- 6.3.7.3 Product Portfolio
- 6.3.7.4 Key Financials
- 6.3.7.5 Key Development
- 6.3.8 General Electric
- 6.3.8.1 Company Overview
- 6.3.8.2 Business Description
- 6.3.8.3 Product Portfolio
- 6.3.8.4 Key Financials
- 6.3.8.5 Key Development
- 6.3.8.6 SWOT Analysis
- 6.3.10 SGB-Smit Holding GmbH
- 6.3.11 Efacec Power Solutions, S.G.P.S., SA
- 6.3.12 JiangSu HuaPeng Transformer Co., Ltd.
- 6.3.13 TBEA Co., Ltd.
- Chapter 7 Methodology and Data Source
- 7.1 Methodology/Research Approach
- 7.1.1 Market Size Estimation
- 7.2 Market Breakdown and Data Triangulation
- 7.3 Data Source
- 7.3.1 Secondary Sources
- 7.3.2 Primary Sources
- 7.4 Disclaimer
- 7.1 Methodology/Research Approach
- List of Figures
- FIG. 1 Global Transformer Revenue Market Share by Product Type in 2018
- FIG. 2 Global Transformer Revenue Market Share by Application in 2018
- FIG. 3 Global Transformer Revenue Market Share by Region in 2018
- FIG. 4 Global Transformer Market Revenue (2012-2019)
- FIG. 5 Global Transformer Market Revenue (2012-2019)
- FIG. 6 Global Transformer Market Revenue Comparison by Region (2012-2019)
- FIG. 7 Global Transformer Market Revenue Comparison by Region (2020-2028)
- FIG. 8 Global Transformer Market Revenue Comparison by Product Type (2012-2019)
- FIG. 9 Global Transformer Market Revenue Comparison by Product Type (2020-2028)
- FIG. 10 Global Transformer Market Revenue Comparison by Application (2012-2019)
- FIG. 11 Global Transformer Market Revenue Comparison by Application (2020-2028)
- FIG. 12 Europe Transformers Revenue Market Share by Application in 2018
- FIG. 13 Europe Transformers Revenue Market Share by Product Type in 2018
- FIG. 14 Europe Transformers Revenue Market Share by Region in 2018
- FIG. 15 Europe Transformers Market Revenue (2012-2019)
- FIG. 16 Europe Transformers Market Revenue Comparison by Region (2012-2019)
- FIG. 17 Europe Transformers Market Revenue Comparison by Region (2020-2028)
- FIG. 18 Europe Transformers Market Revenue Comparison by Application (2012-2019)
- FIG. 19 Europe Transformers Market Revenue Comparison by Application (2020-2028)
- FIG. 20 Europe Transformers Market Revenue Comparison by Product Type (2012-2019)
- FIG. 21 Europe Transformers Market Revenue Comparison by Product Type (2020-2028)
- List of Tables
- TABLE 1 Global Transformer Comparison by Product Type (2012-2028)
- TABLE 2 Global Transformer Comparison by Application (2012-2028)
- TABLE 3 Global Transformer Revenue Comparison by Region (2012-2028)
- TABLE 4 Global Transformer Market Revenue (2012-2019)
- TABLE 5 Global Transformer Market Revenue (2020-2028)
- TABLE 6 Global Transformer Market Revenue Comparison by Region (2012-2019)
- TABLE 7 Global Transformer Market Revenue Comparison by Region (2020-2028)
- TABLE 8 Global Transformer Market Revenue Comparison by Product Type (2012-2019)
- TABLE 9 Global Transformer Market Revenue Comparison by Product Type (2020-2028)
- TABLE 10 Global Transformer Market Revenue Comparison by Application (2012-2019)
- TABLE 11 Global Transformer Market Revenue Comparison by Application (2020-2028)
- TABLE 12 Europe Transformers Comparison by Application (2012-2028)
- TABLE 13 Europe Transformers Comparison by Product Type (2012-2028)
- TABLE 14 Europe Transformers Revenue Comparison by Region (2012-2028)
- TABLE 15 Europe Transformers Market Revenue (2012-2019)
- TABLE 16 Europe Transformers Market Revenue (2020-2028)
- TABLE 17 Europe Transformers Market Revenue Comparison by Region (2012-2019)
- TABLE 18 Europe Transformers Market Revenue Comparison by Region (2020-2028)
- TABLE 19 Europe Transformers Market Revenue Comparison by Application (2012-2019)
- TABLE 20 Europe Transformers Market Revenue Comparison by Application (2020-2028)
- TABLE 21 Europe Transformers Market Revenue Comparison by Product Type (2012-2019)
- TABLE 22 Europe Transformers Market Revenue Comparison by Product Type (2020-2028)
- TABLE 23 Table Key Data Information from Secondary Sources
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- ABB Ltd.
- Siemens Aktiengesellschaft
- Toshiba Corporation
- Hitachi Ltd.
- Fuji Electric Co. Ltd.
- Mitsubishi Electric Corporation
- Hyosung Corporation
- General Electric Company
- CG Power and Industrial
- SGB-SMIT Holding
- Efacec Power Solutions
- S.G.P.S.
- SA
- JiangSu HuaPeng Transformer
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