Global Large Power Transformer Market Analysis By Size, Share Trends, Future Growth, Emerging Trends, Qualitative Outlook – Global Forecasts to 2030

In a recently published report, Global Large Power Transformer Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Large Power Transformer Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

The main purpose of the transformer is to step-up or step-down the voltage in the power transmission and distribution network. Power transformers are installed at each and every substation of a distribution network. The market for large power transformer is in a growth stage on account continuous demand for energy across the globe.

End User/ Technology
Starting from power generating plant to the last substation in the distribution network will consist of at least one power transformer. A power transformer is used to transfer electrical energy from one circuit to another without changing the frequency. Large power transformers are designed for maximum efficiency to minimize the loss in the transmission and distribution network.

Market Dynamics
Increasing demand for energy, need for up-gradation of power generating plants, technological advancement to reduce loss in the transmission line, and favorable Govt. policies are the main drivers fueling the large power transformer market to grow. Shifting trend towards clean and green energy is also helping the growth of the market as large power transformers are more environment-friendly and responsible for lower emission.

Market Segments
The large power transformer market can be segmented based on the rating and the cooling method. The segmentation based on rating can be subdivided into three parts- 100 MVA to 500 MVA, 501 MVA to 800 MVA and 801 MVA to 1200 MVA. Based on the cooling method the market can be divided into two parts- oil cooled transformers and air cooled transformers.

Regional/Geographic Analysis
The large power transformer market can be regionally segmented into five parts Europe, North America, South America, the Asia Pacific and Middle East & Africa. The Asia Pacific is the current market leader mainly due to continuous extension of transmission and distribution network in India and China. The Asia Pacific is expected to grow at the highest CAGR in near future due to its consistent demand for energy. Rapid urbanization, improvement in the standard of living, and development in commercial and industrial infrastructure will be fueling the market for next few years.

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Increasing demand for electricity especially in the developing countries, need for reduction of power loss in transmission, construction of new power generating plants and up-gradation of existing plants, technological advancement, global initiatives to use more renewable and non-conventional energy sources and favorable Govt. policies are creating lots of opportunity for the market. Industry experts are preferring large power transformers because of its lower rate of emission.

Key Players
Some of the major players in the market include ALTRAFO, DuPont, ELANTAS, Eremu, Fuji Electric, Hammond Power Solutions, Eaton, Hyundai Heavy Industries, Toshiba, Jinpan International, Hyosung Power & Industrial Systems Performance Group, KOTSONS, J. Schneider Elektrotechnik, Layer Electronics, LS Industrial Systems, Kirloskar Electric, SPX Transformer Solutions, and Mace etc.
Report ContentsRegional AnalysisReport Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Rest of Eastern Europe

Asia Pacific
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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