Power Transformer Market
In the year 2013, the global power transformer market comprised of over 11,300 units and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $ 18 million as of 2013.
In the year 2013, the global power transformer market comprised of over 11,300 units and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $ 18 million as of 2013.
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Power Transformer Market to Record an
Impressive value CAGR of 5.9% over the forecast
period
“In the year 2013, the global power transformer market comprised of over 11,300 units
and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $
18 million as of 2013. Increase in the demand for electricity in the rapidly developing
nations along with those who are already developed coupled with increase in the amount
of investments in infrastructure is expected to drive the market over the next few years.”
Industry Insights
In the year 2013, the global power transformer market comprised of over 11,300 units and is estimated to grow at a
CAGR of 5.9% over the forecast period. Market is valued at $ 18 million as of 2013. Increase in the demand for electricity
in the rapidly developing nations along with those who are already developed coupled with increase in the amount of
investments in infrastructure is expected to drive the market over the next few years. Smart meters which are the result
of high demand and supportive initiatives are anticipated to positively impact the market. Government obligations to
install advanced power transformers and to modernise existing grids to minimize the losses and enhance efficiency will
also positively impact the power transformer market globally.
Transformers with advanced features and having eco-friendly qualities are expected to replace the traditional
transformers which are not compatible with current environmental and technical requirements. Cross-border electricity
trade is being increased by the nations which are developed at the same time integrating wind and other renewable
energies which push the existing networks to their limits. These conditions lead to frequent short-circuits which can also
be considered as one of the major factor responsible for power transformer installation.
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Increasing awareness about reduction in the pollutants-emission and protection of environment is driving the
development of smart grid and super grid. Furthermore, replacement of Polychlorinated Biphenyls (PCB), service
expansion in resource-based industries and growth in green initiative awareness is expected to fuel the market over next
few years.
However the ever changing prices of raw materials such as copper and steel and crude oil in the global market along with
pressurization by manufacturers can act as a restraint over the forecast period.
Product Insights
Major product segments include 100 MVA to 500 MVA, 501 MVA to 800 MVA and 801 MVA to 1200 MVA. The products
from the range 100 MVA to 500 MVA are expected to dominate the market due to its uneven usage in transmission and
distribution network for step-up and step-down applications.
HVDC and UHVDC power generation make use of 801 MVA to 1200 MVA which is expected to witness growth due to
increasing demand from regions such as Middle East and Asia-Pacific
Regional Insights
40% of the total revenue generated from power transformers was from the region of Asia-Pacific in the year 2103 and is
forecasted to acquire significant gains over the next five years due to the rapid economic developments and need of
nations for uninterrupted power supply.
Due to increasing modernization and industrialization, North American region will be the emerging market over the next
few years. Numerous environmental protection initiatives undertaken by the European nations to implement green
transformers will drive the market over the forecast period.
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Competitive Insights
Major players such as Alstom SA, Siemens AG, ABB Ltd., Crompton Greaves Ltd., Toshiba Corp and GE Co., dominate the
power transformer market. Improvement in the production capacities and increase in the product life are few strategies
that are being adopted by these players to maintain their significant share. HVDC, shunt reactors, light and phase shifting
variants are provided by various firms to enrich their product portfolio.
Transformers with low noise operation and online monitoring have been developed by Alstom for environmentally
critical zones. Autotransformer, substation and auxiliary, general setup are included in GE portfolio. In order to provide
smart grid solutions, Crompton Greaves completed a contract with Saudi Electricity Company (SEC) worth $ 3.6 million.
Number of environmental protection agencies are enforcing nations to reduce the emissions to protect the environment.
Key players are expected to abide by certain regulations related to environment, performance and efficiency. Many of
the major firms are investing in research and development to reduce emissions and improve efficiency. Partnerships and
acquisitions are also undertaken to expand the businesses.
Market Segment:
Power transformer Product Outlook (Volume, Unit Shipments and Revenue, USD Billion; 2012 - 2020)
• 100 MVA to 500 MVA
• 501 MVA to 800 MVA
• 800 MVA to 1200 MVA
Power transformer Regional Outlook (Volume, Unit Shipment and Revenue, USD Billion; 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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