Acknowledging the kind of traction gained by this market, recently published a study report asserts the global High Power Transformers Market size is projected to accrue voluminously by 2026 registering a phenomenal CAGR of 7.9% during the review period (2022 to 2027).
High Power Transformers Market Overview
The high Power transformer is a type of transformer used primarily to receive low voltage generator electric power and transmit it across distribution channels across the power grid network. It forms a crucial part of the power grid and helps in the transmission of power from one network to the other without change in frequency.
Generation of electric power in low voltage is cost-effective, but it leads to high line current. The transmission of high currents leads to more line losses. But if the voltage of the incoming power is increased then efficient power transmission is enabled. Hence, a High Power Transformer is mainly used to step up the voltage. Power transformers thus play a vital role in High Power Transmission.
Recent Development
More than 100 Traxx DC3 locomotives sold by Alstom, 85 already delivered and produced in Vado Ligure (SV)
16 March 2022 – Alstom, a global leader in green and smart mobility, continues to expand its supply of the electric locomotives Traxx DC3. Alstom has signed three new supply contracts for Traxx locomotives in the second half of January 2022 for a total of 13 locomotives:
GTS Rail of Bari announced an order for five additional units with Last Mile (LM). These will join the 14 GTS Traxx DC2 (E.483), and the 8 Traxx DC3 locomotives.
The Italian Branch of the leasing Company Railpool ordered five Traxx DC3 LM. These will be in addition to the 10 already in revenue earning service and to the 5 locomotives that Railpool inherited from LOCOITALIA.
The Private Operator Medway Italia bought three Traxx DC3s. The Company fleet will grow to include nine locomotives, three already running, three in ongoing production, and the last three that were ordered in January.
Who are the Major Players in High Power Transformers Market?
The High Power Transformers Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Alstom, Crompton Greaves, Siemens, Eaton, General Electric, Toshiba, Jinpan International, Hitachi, SGB-SMIT Group, Hyosung Power, Hyundai Heavy Industries, SPX Transformer Solutions, Mitsubishi Electric Power Product, Kirloskar Electric, Elantas, Altrafo, Eremu, Fuji Electric, Osborne, Neeltran and Others.
What are the major Applications, Types, and Regions for the High Power Transformers Market?
By Type, it is segmented into
- 800-1000 MVA
- 1000-1200 MVA
- Others
By Applications, it is segmented into
- Industrial
- Commercial
- Residential
- Others
High Power Transformers Market Regional Analysis
Asia-Pacific is a significant market for power transmission and distribution networks. With the largest section of people in the world, power requirement in the region is higher compared to other parts of the world.
With rising per capita electricity consumption of around 0.1 MWh, the electricity demand for the region is expected to increase to nearly 11,000 terawatts by 2025, which, in turn, is likely to boost the power transformer market.
China and India are expected to be the largest markets in the region. Nearly 30 gigawatts (GW) of wind and 60 GW of solar projects are expected to execute in China by 2020. Furthermore, 262 gigavolt ampere of new substations may get installed in the near future.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The North American region is expected to hold the largest market share in the High Power Transformers market during the forecast timeframe. Robust infrastructure facilities, stringent government regulations for carbon emissions, sustainable developments, and growing adoption of renewable energy sources are the major factors driving the market growth. Further, the rise in usage of residential and commercial rooftop solar energy technology is propelling market growth.
What is our High Power Transformers Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 7.9 % during the review period (2022 to 2027).
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By Type
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- 800-1000 MVA
- 1000-1200 MVA
- Others
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By Application
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- Industrial
- Commercial
- Residential
- Others
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By Companies
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Alstom, Crompton Greaves, Siemens, Eaton, General Electric, Toshiba, Jinpan International, Hitachi, SGB-SMIT Group, Hyosung Power, Hyundai Heavy Industries, SPX Transformer Solutions, Mitsubishi Electric Power Product, Kirloskar Electric, Elantas, Altrafo, Eremu, Fuji Electric, Osborne, Neeltran
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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161
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this High Power Transformers Report
- Evaluate High Power Transformers market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and by different industries verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive into the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
- Get a quick outlook on the High Power Transformers market entropy - M&As, deals, partnerships, and product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The High Power Transformers Market is studied from 2017 - to 2027.
What is the growth rate of the High Power Transformers Market?
The High Power Transformers Market is growing at a CAGR of 7.9% over the next 5 years.
Who are the key players in High Power Transformers Market?
Alstom, Crompton Greaves, Siemens, Eaton, General Electric, Toshiba, Jinpan International, Hitachi, SGB-SMIT Group, Hyosung Power, Hyundai Heavy Industries, SPX Transformer Solutions, Mitsubishi Electric Power Product, Kirloskar Electric, Elantas, Altrafo, Eremu, Fuji Electric, Osborne, Neeltran
What Regions does this High Power Transformers Market report cover?
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of High Power Transformers Market?
• 800-1000 MVA, 1000-1200 MVA, Others
What are the major end-use applications of the High Power Transformers Market?
• Industrial, Commercial, Residential, Others
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
