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Report updated on 11th September, 2021: 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 2021-2030 (Includes Business Impact of COVID-19)Trusted Business Insights has published a comprehensive market research report on, 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 2030, 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$ 34,920.4 Mn in 2020 to reach US$ 69,770.6 Mn by 2030 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. 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), 2021 to 2030Increase 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, 2018On 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.
Below are the active patents related to Transformers Market.Patent Number: US20070052514A1 Power and information signal transfer using micro-transformers Abstract A power converter provides power across an isolation barrier, such as through the use of coils. A coil driver has transistors connected in a positive feedback configuration and is coupled to a supply voltage in a controlled manner by measuring the output power and opening or closing a switch as needed between the power supply and the coil driver. An output circuit, such as a FET driver, can be used with or without isolation to provide power and a logic signal. Application File Date: 2005-08-19 Application Granted Date: 2009-06-16 Inventor: Baoxing ChenRonn Kliger Patent Number: US20050212506A1 Testing of current transformers Abstract A method for evaluating the accuracy of a current transformer is presented. The current transformer has a primary winding and a secondary winding. A current is not circulated through the primary winding. A load is disconnected from the current transformer. A load impedance is measured of an internal instrumentation associated with the current transformer. The resistance in the secondary winding of the current transformer is determined. The load impedance is compared to a standard burden. A standard burden value is selected. The secondary voltage for a rated current is determined. The injection voltage is adjusted to the value of the secondary voltage. The exciting current and power are measured. The ratio error or the phase angle are then calculated by using the exciting current and power. Application File Date: 2004-06-25 Application Granted Date: 2006-04-18 Current Assignee: Kuhlman Electric Corp
Key Market Segments:By Core
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 T | read more...