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Large Power Transformer Market Size, Share & Industry | 2030

Large Power Transformer Market

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Segments - by Power Ratings (100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA), Cooling Methods (Air-Cooled and Oil-Cooled), Applications (Utility, Residential & Commercial, and Industrial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author :

Aamir Ansari

Fact-checked by :

Vineet Pandey

Editor :

Swapnil Hedau

Report Description

The global large power transformer market size is projected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing focus on renewable electric power generation, rising consumption of electricity, and deployment of smart transformers as well as smart grids.

A power transformer is an electric device that is used to transfer electric energy from one electric circuit to multiple electric circuits. Large power transformer is a custom built piece of equipment, which is a critical component of the bulk transmission grid. Large power transformers forms crucial part of the power grid and helps in transmission of power without changing frequency.

Large power transformer is majorly used in stepping down and stepping up the voltage at the electrical power generating station and distribution station. Large power transformers are special ordered machineries which require highly skilled workforces and modern manufacturing equipment and facilities. Covid-19 has impacted the private & public investments in large power transformers.

Market Trends, Drivers, Restraints, and Opportunities

Increasing investments in transmission and distribution infrastructure is estimated to propel the market expansion during the forecast period.
Rapid growth in renewable energy sector is major factor driving the market growth.
Complexity in designing the large power transformers is anticipated to impede the market expansion in the coming years.
High cost of power consumption is projected to hamper the market growth during the forecast period.
R&D investment and technological advancement as well as innovation in power transformers are expected to offer significant opportunities for the market players.

Scope of the Report

The report on the global large power transformer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Large Power Transformer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Power Ratings (100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA), Cooling Methods (Air-Cooled and Oil-Cooled), Applications (Utility, Residential & Commercial, and Industrial)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Siemens AG; ABB Ltd.; Crompton Greaves Ltd.; Hyundai Heavy Industries Co. Ltd.; Alstom SA; General Electric Co.; Hitachi Ltd.; Bharat Heavy Electricals Ltd.; Schneider Electric SE; Kirloskar Electric Co. Ltd.; CG Power and Industrial Solutions Ltd.; and EMCO Ltd.

Market Segment Insights:

100 MVA to 500 MVA segment is projected to account for a large market share
Based on power ratings, the global large power transformer market is divided into 100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. The 100 MVA to 500 MVA segment is expected to constitute a key share of the market during the forecast period owing to compact size, less installation cost, and increasing demand for electricity in various industries. Rising requirement for advanced transformer units to fulfill seismic and severe load conditions is anticipated to fuel the market.

Oil-cooled segment is projected to hold a key market share
On the basis of cooling methods, the market is segmented into air-cooled and oil-cooled. The oil-cooled segment is expected to represent a key share of the market in the coming years due to increasing high voltage transmission network expansion activities. Oil-cooled power transformers are comparatively safe when dealing with high voltage applications.

Residential & commercial segment is projected to constitute a major market share
In terms of applications, the global large power transformer market is segregated into utility, residential & commercial, and industrial. The residential & commercial segment is expected to account for a key share of the market during the forecast period owing to growing demand for energy from various hotels, societies, and hospitals. Increasing inclination among the integration of various electrical distribution links in residential & commercial sector is projected to boost the market.

Asia Pacific is expected to dominate the market
On the basis of regions, the global large power transformer market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to upcoming power grid expansions projects and upsurge in renewable power generation. Rapid urbanization and industrialization along with rising electricity demand is expected to spur the market.

Segments

Segments Covered in the Report
The global large power transformer market has been segmented on the basis of

Power Ratings

100 MVA to 500 MVA
501 MVA to 800 MVA
801 MVA to 1200 MVA

Cooling Methods

Air-Cooled
Oil-Cooled

Applications

Utility
Residential & Commercial
Industrial

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Siemens AG
ABB Ltd.
Crompton Greaves Ltd.
Hyundai Heavy Industries Co. Ltd.
Alstom SA
General Electric Co.
Hitachi Ltd.
Bharat Heavy Electricals Ltd.
Schneider Electric SE
Kirloskar Electric Co. Ltd.
CG Power and Industrial Solutions Ltd.
EMCO Ltd.

Competitive Landscape

Key players competing in the global large power transformer market include Siemens AG; ABB Ltd.; Crompton Greaves Ltd.; Hyundai Heavy Industries Co. Ltd.; Alstom SA; General Electric Co.; Hitachi Ltd.; Bharat Heavy Electricals Ltd.; Schneider Electric SE; Kirloskar Electric Co. Ltd.; CG Power and Industrial Solutions Ltd.; and EMCO Ltd. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Large Power Transformer Market by Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Large Power Transformer Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Large Power Transformer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Large Power Transformer Market - Supply Chain
  4.5. Global Large Power Transformer Market Forecast
     4.5.1. Large Power Transformer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Large Power Transformer Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Large Power Transformer Market Absolute $ Opportunity
5. Global Large Power Transformer Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Large Power Transformer Market Size and Volume Forecast by Applications
     5.3.1. Utility
     5.3.2. Residential & Commercial
     5.3.3. Industrial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Large Power Transformer Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Large Power Transformer Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Large Power Transformer Demand Share Forecast, 2019-2026
7. North America Large Power Transformer Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Large Power Transformer Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Large Power Transformer Market Size and Volume Forecast by Applications
     7.4.1. Utility
     7.4.2. Residential & Commercial
     7.4.3. Industrial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Large Power Transformer Demand Share Forecast, 2019-2026
8. Latin America Large Power Transformer Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Large Power Transformer Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Large Power Transformer Market Size and Volume Forecast by Applications
     8.4.1. Utility
     8.4.2. Residential & Commercial
     8.4.3. Industrial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Large Power Transformer Demand Share Forecast, 2019-2026
9. Europe Large Power Transformer Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Large Power Transformer Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Large Power Transformer Market Size and Volume Forecast by Applications
     9.4.1. Utility
     9.4.2. Residential & Commercial
     9.4.3. Industrial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Large Power Transformer Demand Share Forecast, 2019-2026
10. Asia Pacific Large Power Transformer Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Large Power Transformer Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Large Power Transformer Market Size and Volume Forecast by Applications
     10.4.1. Utility
     10.4.2. Residential & Commercial
     10.4.3. Industrial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Large Power Transformer Demand Share Forecast, 2019-2026
11. Middle East & Africa Large Power Transformer Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Large Power Transformer Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Large Power Transformer Market Size and Volume Forecast by Applications
     11.4.1. Utility
     11.4.2. Residential & Commercial
     11.4.3. Industrial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Large Power Transformer Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Large Power Transformer Market: Market Share Analysis
  12.2. Large Power Transformer Distributors and Customers
  12.3. Large Power Transformer Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Siemens AG
     12.4.2. ABB Ltd.
     12.4.3. Crompton Greaves Ltd.
     12.4.4. Hyundai Heavy Industries Co. Ltd.
     12.4.5. Alstom SA
     12.4.6. General Electric Co.
     12.4.7. Hitachi Ltd.
     12.4.8. Bharat Heavy Electricals Ltd.
     12.4.9. Schneider Electric SE
     12.4.10. Kirloskar Electric Co. Ltd.

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