openPR Logo
Press release

Global Power Transformers Market Report Covers Latest And Future Trends, Industry Specific Opportunities, Competitive Strategies, Regional Outlook

09-18-2023 09:02 AM CET | Industry, Real Estate & Construction

Press release from: Xcellent Insights

Power Transformers Market- Xcellent Insights

Power Transformers Market- Xcellent Insights

Power transformers are essential electrical devices that facilitate the efficient transmission and distribution of electricity within electrical grids. These crucial components play a pivotal role in adjusting voltage levels, ensuring that electrical energy can travel over long distances and reach consumers at safe and usable voltage levels. At the heart of a power transformer is a core made of laminated steel, which forms a closed magnetic circuit. Wrapped around this core are two sets of coils: the primary coil and the secondary coil. The primary coil connects to the high-voltage power source, while the secondary coil connects to the lower-voltage load or distribution network. When alternating current flows through the primary coil, it generates a magnetic field within the core, which, in turn, induces a voltage in the secondary coil. This process allows power transformers to step up voltage levels for long-distance transmission, reducing energy losses, or step-down voltage levels to safer and more usable values for distribution to homes, businesses, and industries.

The Power Transformers Market was valued at USD 921.43 Million in 2022 and is expected to register a CAGR of 5.00% by 2032.

Request Free PDF Sample Copy of Report:

Key Drivers:
1. Energy Infrastructure Investment: The need to upgrade and expand electrical grids to accommodate growing energy demand drives investment in power transformers. Aging infrastructure and the integration of renewable energy sources also require new transformers to support grid reliability.
2. Renewable Energy Integration: The growth of renewable energy sources, such as wind and solar power, necessitates the installation of transformers to connect renewable generation facilities to the grid. These transformers help manage the variable output of renewable sources.
3. Urbanization and Industrialization: Rapid urbanization and industrial growth in emerging economies increase the demand for electricity. New cities, factories, and infrastructure projects require power transformers to supply electricity reliably.
4. Grid Modernization: Modernizing electrical grids with smart grid technologies and grid automation drives the replacement of older transformers with newer, more efficient, and technologically advanced units.
5. Replacement and Upgradation: Aging power transformers need to be replaced or upgraded to improve efficiency, reduce losses, and meet modern energy efficiency standards. Many utilities and industries invest in replacing old transformers with more energy-efficient models.

Do Enquiry before Accessing Report at:

Brief description of Power Transformers:
1. Purpose and Function: Power transformers are designed to change the voltage level of alternating current (AC) electricity. They can step up voltage levels for long-distance transmission, reducing energy losses, or step down voltage levels to safer and more usable levels for distribution to homes, businesses, and industrial facilities.
2. Core and Windings: The core of a power transformer is typically made of laminated steel sheets. These sheets are stacked together to create a closed magnetic circuit that enhances the transformer's efficiency. Copper or aluminum windings are wound around the core to form the primary and secondary coils. The number of windings and their configuration determine the transformation ratio and voltage conversion capability.
3. Primary and Secondary Coils: The primary coil is connected to the input voltage source, while the secondary coil is connected to the output load. When alternating current flows through the primary coil, it induces a magnetic field in the core, which, in turn, induces a voltage in the secondary coil according to the transformer's turns ratio.
4. Voltage Ratio: The turns ratio between the primary and secondary coils determines the voltage transformation. A transformer with more turns in the secondary coil than in the primary coil will step up the voltage, while a transformer with fewer turns in the secondary coil will step down the voltage.
5. Power Rating: Transformers are rated based on their power capacity, measured in units such as kilovolt-amperes (kVA) or megavolt-amperes (MVA). The power rating indicates the maximum amount of power the transformer can handle without overheating.
6. Cooling Systems: To dissipate heat generated during operation, power transformers are equipped with cooling systems. Common cooling methods include oil-immersed cooling, where the transformer is submerged in insulating oil, and forced-air cooling, which uses fans to circulate air around the transformer coils.
7. Insulation: Transformers are insulated to prevent electrical breakdown and to ensure safety. Solid insulation materials such as paper, oil, and synthetic materials are used to insulate the windings and core.
8. High Voltage Bushings: Power transformers typically have high-voltage bushings that provide a safe connection point for high-voltage conductors, helping to prevent electrical arcing and ensuring a secure electrical connection.
9. Tap Changers: Some power transformers have tap changers that allow for adjustments in the turns ratio, enabling slight variations in output voltage to compensate for fluctuations in the input voltage or load conditions.
10. Protection and Monitoring: Transformers are equipped with various protective devices and monitoring systems to detect issues such as overcurrent, overvoltage, and overheating. These systems help prevent transformer damage and ensure reliable operation.

Competitive Landscape:
The globalPower Transformers market is highly competitive and consists of leading regional and global market players. These players employ a wide range of strategic methods to maintain or enhance their competitive position. Some of the common strategies include mergers and acquisitions, joint ventures, product launches, franchising, and licensing.

Key Company
•Hitachi ABB Power Grids
•China XD Group
•Mitsubishi Electric Group
•Baoding Tianwei Group Tebian ElectricCo., Ltd
•Jiangsu Huapeng Group Co., Ltd.
•Shandong Electrical Engineering and Equipment Group Co., Ltd
•Wujiang Transformer Co., Ltd.
•Nanjing Liye Power Transformer Co., Ltd.
•Shandong Taikai Transformer Co., Ltd.
•Crompton Greaves
•Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd
•Shandong Dachi Electric Co., Ltd
•Hyundai Electric
•Harbin Special Transformer Factory Co., Ltd.
•Schneider Electric
•Sanbian Sci-Tech Co., Ltd.
•Hangzhou Qiantang Riever Electric Group Co., Ltd.
•Fuji Electric

By Rating:
• Large Power Transformer (Above 600MVA)
• Medium Power Transformer (61 - 600MVA)
• Small Power Transformer (Up to 60MVA)
By Cooling:
• Air-Cooled
• Oil-Cooled

By Core:
• Berry
• Closed
• Shell

By Insulation Gas:
• Air
• Oil
• Other
• Solid

By Phase:
• Single
• Three

By Application:
• Industrial
• Residential & Commercial
• Utilities

Get More Information:

The COVID-19 pandemic has had a wide-ranging negative impact on the overall market due to sudden imposition of lockdown and slowed import and export activities. However, this scenario is expected to change considering to decreasing COVID-19 cases. The manufacturers and leading players are focused on trying different strategic techniques to make up for the losses amidst the pandemic.

Regional Conflict/Russia-Ukraine War:
The report presents the impact of regional conflict and the Russia-Ukraine war on this market in an effort to help readers/users understand how the market dynamics have changed and how it is going to evolve in the coming year

All Season Tire Market Segment by Region:
North America (USA, Canada, Mexico)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East & Africa (Saudi Arabia, U.A.E, Egypt, Nigeria, South Africa, Rest of MEA)

Get a Discount On The Purchase Of This Report:

About Us:
Xcellent Insights is a futuristic market intelligent firm that offers data-centric research services to help consumers expand their business strategies and achieve sustainable growth goals. We offer consulting services, syndicated research reports, customized reports, and a lot more. You can count on us for end-to-end market research, market intelligence, and services. We provide an extensive list of research titles, covering the latest market and industry trends, falling under various industry verticals such as chemicals and materials, agriculture, automobile and transportation, food and beverages, electronics and semiconductors, IT and communication, consumer goods, pharma and healthcare, services and software and technology among others

Contact Us
Name: Andy M.
Phone: US: +1 408-627-7717
Xcellent Insights | Web:
Follow Us: LinkedIn:
Visit Our Blog:

For More Reports:

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Power Transformers Market Report Covers Latest And Future Trends, Industry Specific Opportunities, Competitive Strategies, Regional Outlook here

News-ID: 3211216 • Views: 459

More Releases from Xcellent Insights

Global 2 Butene Market Report Covers Latest And Future Trends, Industry Specific Opportunities, Competitive Strategies, Regional Outlook
Global 2 Butene Market Report Covers Latest And Future Trends, Industry Specific …
2-Butene, a hydrocarbon with the chemical formula C4H8, is an important compound in the petrochemical industry. It exists in two isomeric forms: cis-2-butene and trans-2-butene, which differ in the spatial arrangement of their atoms around a carbon-carbon double bond. In cis-2-butene, two hydrogen atoms are on the same side of the double bond, while in trans-2-butene, they are on opposite sides. The 2 Butene Market is expected to
Automatic Gearbox Market Trends From 2023 to 2032
Automatic Gearbox Market Trends From 2023 to 2032
An automatic gearbox, commonly referred to as an automatic transmission, is a fundamental component of modern vehicles designed to manage the gear-shifting process without the need for driver intervention. Unlike manual transmissions where the driver manually engages gears, an automatic gearbox uses a torque converter or dual-clutch system to smoothly and autonomously shift gears based on factors such as vehicle speed, engine load, and throttle input. This results in a
Global Vibrating Feeder Market Recent Trends Between 2023-2032 | Analysis by Size, Share, Revneue CAGR, Current and Emerging Trends
Global Vibrating Feeder Market Recent Trends Between 2023-2032 | Analysis by Siz …
Vibrating Feeder Market Scenario Between 2023 to 2032 The Global Vibrating Feeder research report 2023-2032 provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. The study highlights key players in the industry, outlining the leading players based on market size, share, growth rate, and other factors contributing to a comprehensive competitive landscape analysis. Moreover, the report takes into consideration the
Headlight Bulb Market 2023: Comprehensive Analysis By Key Drivers, Constraints, Key Regions, Top Manufacturers, Gross Margins, Opportunities And Challenges
Headlight Bulb Market 2023: Comprehensive Analysis By Key Drivers, Constraints, …
Xcellent Insights has recently added a research report on "Global Headlight Bulb market by Types, Applications, and Region, Forecast to 2032" to its database, that offers a comprehensive overview of the Headlight Bulb industry. The report presents in-depth insights into the prevailing and emerging market trends, enabling users and stakeholders to have a clear understanding of the market landscape. It encompasses historical data, technological advancements, upcoming developments, and industry progress.

All 5 Releases

More Releases for Transformer

Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is
Signal Transformer Market Estimated to a Hike in Growth By Signal Type: Audio Tr …
Acumen Research and Consulting has announced the addition of the "Signal Transformer Market” report to their offering. The Signal Transformer Market Report 2018 is an in depth study analyzing the current state of the Signal Transformer Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Signal Transformer Market provides analysis of China market covering the industry trends, recent
Southeast Asia Transformer market :Global Demand Analysis & Opportunity Outlook …
Abstract: The Southeast Asia Transformer market size is $XX million USD in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million USD by the end of 2024 with a CAGR of XX% from 2019 to 2024. Request For Free Sample@ This report is an essential reference for who looks for detailed information on Southeast Asia Transformer market. The report covers data on Southeast Asia
Global Transformer Cores Market Forecast 2018-2025 Sanbian Sci-Tech, Wujiang Tra …
Market study on Global Transformer Cores 2018 Research Report presents a professional and complete analysis of Global Transformer Cores Market on the current market situation. Report provides a general overview of the Transformer Cores industry 2018 including definitions, classifications, Transformer Cores market analysis, a wide range of applications and Transformer Cores industry chain structure. The 2018's report on Transformer Cores industry offers the global Transformer Cores development history, development trends
Transformer Oil Market by Type (Mineral Oil-Based, Silicone Oil-Based, Bio-based …
Transformer oil market sales to reach $3.4 billion by 2020, with the mineral oil-based transformer oil segment to maintain its dominance until 2020. In 2014, the consumption of transformer oils was 1,437.8 million litres across the globe, which is expected to increase at 6.3% from 2015 to 2020. Transformer oils are electrical insulating oils stable at high temperature, which serves two important functions in a transformer, viz., suppression of arcing and
Transformer Cores Market by Application - Power Industry Transformer and Consume … has announced the addition of the “Global Transformer Cores Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Global Transformer Cores market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including ABB Siemens Alstom Toshiba Mitsubishi Electric Hitachi Hyosung Zaporozhtransformator PJSC Starkstrom-Ger-tebau GmbH Fuji Electric CG SPX Transformer Solutions TDK Corporation Efacec Capital Laird Fair-Rite Products Ferroxcube TBEA JSHP Transformer Wujiang Transformer China XD Group Tianwei Group Dachi Electric Liye