Transformer Market Worldwide Leading Key Players: ABB Ltd., (Switzerland), Eaton Corporation plc (Ireland), Schneider Electric (France), Siemens AG (Germany), Transformer Solutions, Inc. (U.S.)

Market Overview:-

The global transformer market is a very dynamic market and is expected to witness phenomenal growth over the forecast period. The growth of the transformer market is primarily due to several factors such as upsurge in transmission & distribution infrastructure investments, and evolution in renewable energy sector. This growth can mainly be attributed to transformer systems operations, which act as a highly efficient transmission & distribution equipment. However, the growth of the market can be restrained by the high initial capital cost of transformer and reluctance among the utility authority to replace aging Infrastructure.

According to World Energy Investment Outlook Special Report, more than USD 1,600 billion was invested in 2013 to provide the world’s consumers with energy. This figure was more than double when compared with year 2000 figure. Over the next decade, electric utilities will invest about USD 3.2 Trillion globally in new and replacement transmission and distribution infrastructure. Large transmission & distribution investments, are expected to replace aging infrastructure, maintain reliability, and improve market efficiencies and aid in global policy objectives, such as greenhouse gas reduction, in the next two decades

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Indusrty Top Key Players:-

The key players of global transformer market are ABB Ltd., (Switzerland), Eaton Corporation plc (Ireland), Schneider Electric (France), Siemens AG (Germany), Crompton Greaves Ltd. (India), and Mitsubishi Electric Corporation (Japan). Toshiba Corporation (Japan), Bharat Heavy Electricals Limited (India), Hyosung Power & Industrial Solutions (South Korea) and SPX Transformer Solutions, Inc. (U.S.) are among others.

Scope of the Report:-

This study provides an overview of the global transformer market, tracking five market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global transformer market by type, by end-users, and by regions.

Global Transformer Market, By Type

Distribution Transformer
Power Transformer
Others

Global Transformer Market, By Power Rating

Small Power
Medium Power
Large Power

Global Transformer Market, By Cooling Type

Oil-Cooled Transformer
Air-Cooled Transformer

Global Transformer Market, By Insulation

Dry Type
Liquid-Immersed

Global Transformer Market, By End-User

Utility
Residential & Commercial
Industrial

Global Transformer Market, By Region

Americas
Europe
Asia Pacific
Middle East & Africa

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Global Analysis:-

The global transformer market is segmented by prominent regions as Americas, Europe, Asia Pacific and Middle East & Africa. The Americas market for transformers is majorly divided into North America markets of the U.S., and Canada, along with Brazil, Argentina and Rest of Americas. America’s economies are expanding their generating capacity through high investments in renewable energy resources. This is creating a wide scope for the electrical component market in this region. Grid expansion and cross-border expansion of electrical lines are certainly driving the transformer market in the Americas region. The Europe transformer marker is expected to witness phenomenal growth during the forecast period owing to facilitating the expansion of the market through rise in the industrial growth, aging infrastructure which is leading to investment in smart grids, rising production of electricity and growing demand for green energy.

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