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Transformer Market Trends and Forecast
The future of the transformer market looks promising with opportunities in utilities and industrial sectors. the global transformer market is expected to reach an estimated $59.4 billion by 2027 with a CAGR of 3.3% from 2021 to 2027. The major drivers for this market are growing power demand with the increasing population, inclination toward renewable-based power generation, and related adjustments in the transmission infrastructure.

 Transformer Market by Transformer Type, Voltage, End Use Industry

A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the transformer market report, please download the report brochure.

Transformer Market by Segments

Transformer Market by Segment
The study includes a forecast for the global transformer market by transformer type, voltage, end use industry, and region as follows:
Transformer Market by Transformer Type [Value ($B) shipment analysis for 2016 – 2027]:

  • Power Transformer
  • Distribution Transformer
  • Specialty Transformer

Transformer Market by Voltage [Value ($B) shipment analysis for 2016 – 2027]:

  • High
  • Medium
  • Low

Transformer Market by End Use Industry [Value ($B) shipment analysis for 2016 – 2027]:

  • Utilities
  • Industrial
  • Others

Transformer Market by Region [Value ($B) shipment analysis for 2016 – 2027]:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
  • South Korea
    • The Rest of the World
    • Brazil
    • Argentina 

List of Transformer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies transformer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transformer companies profiled in this report includes.

Transformer Market Insight

  • Distribution transformer will remain the highst segment over the forecast period as they are responsible for the final voltage transformation in the electric power distribution system. 
  • Asia Pacific is expected to remain the highst region and witness the highest growth over the forecast period due to continuous expansion in power distribution networks in the region.

Features of Transformer Market

  • Market Size Estimates: Transformer market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by transformer type, end use industry, and voltage.
  • Regional Analysis: Transformer market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different transformer type, end use industry, and regions for the transformer market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the transformer market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ
Q1: What is the transformer market size?
Answer: The global transformer market is expected to reach an estimated $59.4 billion by 2027           
Q2: What is the growth forecast for transformer market?
Answer: The transformer market is expected to grow at a CAGR of 3.3% from 2021 to 2027.   
Q3: What are the major drivers influencing the growth of the transformer market?
Answer: The major drivers for this market are growing power demand with the increasing population and inclination toward renewable-based power generation and related adjustments in the transmission infrastructure.
Q4: Who are the key transformer companies?
Answer: Some of the key transformer companies are as follows:

  • Siemens AG
  • ABB Ltd.
  • General Electric Company
  • Mitsubishi Electric Company
  • Schneider Electric

Q6: Which transformer product segment will be the highst in future?
Answer: Lucintel forecasts that distribution transformer will remain the highst segment over the forecast period as they are responsible for the final voltage transformation in the electric power distribution system. 
Q7: In transformer market, which region is expected to be the highst in next 5 years?
Answer: Asia Pacific is expected to remain the highst region and witness the highest growth over next 5 years 
Q8: Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global transformer market by transformer type (power transformer and distribution transformer), end use industry (utilities and industrial), voltage (high, medium, and low), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

 
Table of Contents
1. Executive Summary

2. Global Transformer Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: Global Transformer Market Trends and Forecast
3.3: Global Transformer Market by Transformer Type
3.3.1: Power Transformer
3.3.2: Distribution Transformer
3.4: Global Transformer Market by End Use Industry
3.4.1: Utilities
3.4.2: Industrial
3.5: Global Transformer Market by Voltage
3.5.1: High
3.5.2: Medium
3.5.3: Low

4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Global Transformer Market by Region
4.2: North American Transformer Market
4.2.1: Market by Transformer Type: Power Transformer and Distribution Transformer
4.2.2: Market by End Use Industry: Utilities and Industrial
4.2.3: United States Transformer Market
4.2.4: Canadian Transformer Market
4.2.5: Mexican Transformer Market
4.3: European Transformer Market
4.3.1: Market by Market by Transformer Type: Power Transformer and Distribution Transformer
4.3.2: Market by End Use Industry: Utilities and Industrial
4.3.3: French Transformer Market
4.3.4: United Kingdom Transformer Market
4.3.5: German Transformer Market
4.3.6: Italian Transformer Market
4.4: APAC Transformer Market
4.4.1: Market by Market by Transformer Type: Power Transformer and Distribution Transformer
4.4.2: Market by End Use Industry: Utilities and Industrial
4.4.3: Chinese Transformer Market
4.4.4: South Korean Transformer Market
4.4.5: Indonesian Transformer Market
4.4.6: Japanese Transformer Market
4.4.7: Indian Transformer Market
4.5: ROW Transformer Market
4.5.1: Market by Market by Transformer Type: Power Transformer and Distribution Transformer
4.5.2: Market by End Use Industry: Utilities and Industrial

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Transformer Market by Transformer Type
6.1.2: Growth Opportunities for the Global Transformer Market by End Use Industry
6.1.3: Growth Opportunities for the Global Transformer Market by Voltage
6.1.4: Growth Opportunities for the Global Transformer Market by Region
6.2: Emerging Trends in the Global Transformer Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions

7. Company Profiles of Leading Players
7.1: Siemens AG
7.2: ABB Ltd.
7.3: General Electric Company  
7.4: Mitsubishi Electric
7.5: Schneider Electric
.

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Full Report: Transformer Market: Market Size, Trends and Growth Analysis Full Report $ 4,850
107 figures/charts and 68 tables are provided in this 205 - page report
 
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served 1,000+ clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive search of published works, market and database information with industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges and forecasts in the market. Below is a brief summary of primary interviews conducted by both job function and region.


Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis on it. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of the Lucintel research process.

 

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