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Power Transformer Market by Rating (Small Power Transformer (Up to 60MVA), Medium Power Transformer (61 - 600MVA), Large Power Transformer (Above 600MVA)), by Type of Cooling Method (Oil-Cooled & Air-Cooled), & Region - Global Trends & Forecasts to 2020

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Power transformer market is projected to grow at a CAGR of 7.6% during the forecast period

This report forecasts the power transformer market in, terms of value, in USD Million. The market is projected to reach USD 29.9 billion by 2020, from an estimated USD 20.71 billion in 2015, at a CAGR of 7.6% from 2015 to 2020. Growing energy demand coupled with increasing T&D network expansion projects is driving the power transformer market. Regions such as Asia-Pacific and the Middle-East have emerged as attractive prospects for power transformer manufacturers because of the numerous T&D expansion projects being carried out in both regions. Renewable generation sources are also being connected to main power grids, which are further increasing the demand for power transformers.

Large power transformer segment is projected to grow at the highest CAGR during the forecast period

Large power transformer is a rapidly growing segment of power transformers, owing to its use in high voltage transmission networks. The technological advances in High-Voltage Direct Current (HVDC), UHV (Ultra-high voltage), and EHV (Extra high voltage) transmissions have made it a crucial element in power systems. High voltage transmission lines are being set up to minimize transmission losses and power corridors being made to connect supply and demand centers. These high voltage transmission networks are being used to link renewable sources such as desert solar, offshore wind, geothermal, and hydropower with grid systems and demand centers across the world.

Asia-Pacific is projected to grow at the highest growth rate during the forecast period

Although new T&D network expansions are being carried out in South America, some parts of Europe, and Africa, major T&D network expansion projects are being undertaken in Asia-Pacific, especially in India and China. While Europe and North America are focusing on renewable energy, major generation capacity expansion projects in South Asia have been coal-fired. China had the most number of T&D network expansion projects; the State Grid Corporation of China (SGCC) has recently pushed for approval of a massive USD 250 billion upgrade plan that will link regional grids through 20 HVDC power corridors by 2020.

The overall market size has been determined by forecast techniques based on region-wise T&D capital expenditure along with T&D expansion activities and investments in different regions, which have been validated through primary sources. The primary sources considered for the report included market players from both the supply side as well as from the demand side.

This report also includes the profiles for leading power transformer manufacturers and providers, such as ABB Ltd. (Switzerland), CG (India), GE (U.S.), Toshiba (Japan), Siemens (Germany), Hyundai (South Korea), Mitsubishi Electric Corporation (Japan), Hyosung Power & Industrial Systems (South Korea), B.H.E.L (India), and SPX Transformers (U.S.).

The power transformer report highlights the current trends and projections that are expected to affect the future development of the industry. The report focuses on both the qualitative and quantitative factors that affect the future prospect of the power transformer usage. This includes drivers, restraints, opportunities, and challenges of the market. Additionally, the company profile section highlights companies that are active in the power transformer market. Moreover, in-depth analysis of the top five companies has been provided in the SWOT and the MnM view sections.

1. INTRODUCTION
 
 1.1. OBJECTIVES OF THE STUDY
 1.2. MARKET DEFINITION
 1.3. MARKET SCOPE
 1.3.1. MARKETS COVERED
 1.3.2. YEARS CONSIDERED FOR THE STUDY
 1.4. CURRENCY
 1.5. STAKEHOLDERS
 2. RESEARCH METHODOLOGY
 
 2.1. RESEARCH DATA
 2.1.1. SECONDARY DATA
 2.1.1.1. Key data from secondary sources
 2.1.2. PRIMARY DATA
 2.1.2.1. Key data from primary sources
 2.1.2.2. Breakdown of primary interviews
 2.1.2.3. Key industry insights
 2.2. MARKET SIZE ESTIMATION
 2.3. MARKET BREAKDOWN & DATA TRIANGULATION
 2.4. RESEARCH ASSUMPTIONS & LIMITATIONS
 2.4.1. ASSUMPTIONS
 2.4.2. LIMITATIONS
 3. EXECUTIVE SUMMARY
 
 4. PREMIUM INSIGHTS
 
 4.1. ATTRACTIVE MARKET OPPORTUNITIES FOR POWER TRANSFORMERS
 4.2. SMALL POWER TRANSFORMERS ARE ESTIMATED TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
 4.3. OIL-COOLED POWER TRANSFORMERS LED THE POWER TRANSFORMER MARKET IN 2014
 4.4. CHINA IS THE LARGEST MARKET FOR POWER TRANSFORMER
 4.5. TOP SEVEN COUNTRIES IN THE POWER TRANSFORMER MARKET
 4.6. THE DEMAND FOR OIL-FREE POWER TRANSFORMERS IS PROJECTED TO INCREASE FROM 2015 TO 2020
 5. MARKET OVERVIEW
 
 5.1. INTRODUCTION
 5.2. MARKET SEGMENTATION
 5.2.1. BY RATING
 5.2.2. BY COOLING TYPE
 5.2.3. BY REGION
 5.3. MARKET DYNAMICS
 5.3.1. DRIVERS
 5.3.1.1. Modernization of existing power grids
 5.3.1.2. High demand and initiatives for smart grid development
 5.3.1.3. Growth of the renewable energy sector
 5.3.1.4. Emerging demand in high-growth markets
 5.3.2. RESTRAINTS
 5.3.2.1. Reluctance to replace aging infrastructure
 5.3.2.2. Standardization of products
 5.3.3. OPPORTUNITIES
 5.3.3.1. Deployment of green transformers
 5.3.3.2. Increasing investments in T&D infrastructure
 5.3.3.3. Expanding cross-border electricity trade
 5.3.3.4. HVDC transmission methods for long-distance transmission
 5.3.4. CHALLENGES
 5.3.4.1. Delays in grid expansion projects
 5.4. VALUE CHAIN ANALYSIS
 5.5. PORTERS FIVE FORCES ANALYSIS
 5.5.1. THREAT OF NEW ENTRANTS
 5.5.2. THREAT OF SUBSTITUTES
 5.5.3. BARGAINING POWER OF SUPPLIERS
 5.5.4. BARGAINING POWER OF BUYERS
 5.5.5. INTENSITY OF COMPETITIVE RIVALRY
 6. POWER TRANSFORMERS MARKET, BY RATING
 
 6.1. INTRODUCTION
 6.1.1. SMALL POWER TRANSFORMERS
 6.1.2. MEDIUM POWER TRANSFORMERS
 6.1.3. LARGE POWER TRANSFORMERS
 7. POWER TRANSFORMERS MARKET, BY COOLING TYPE
 
 7.1. INTRODUCTION
 7.1.1. OIL-COOLED POWER TRANSFORMERS
 7.1.2. AIR-COOLED POWER TRANSFORMERS
 8. POWER TRANSFORMER MARKET, BY REGION
 
 8.1. INTRODUCTION
 8.2. NORTH AMERICA
 8.2.1. U.S.
 8.2.2. CANADA
 8.2.3. MEXICO
 8.3. EUROPE
 8.3.1. U.K.
 8.3.2. GERMANY
 8.3.3. FRANCE
 8.3.4. RUSSIA
 8.3.5. REST OF EUROPE
 8.4. ASIA-PACIFIC
 8.4.1. CHINA
 8.4.2. INDIA
 8.4.3. AUSTRALIA
 8.4.4. JAPAN
 8.4.5. REST OF ASIA-PACIFIC
 8.5. SOUTH AMERICA
 8.5.1. BRAZIL
 8.5.2. ARGENTINA
 8.5.3. REST OF SOUTH AMERICA
 8.6. MIDDLE EAST
 8.6.1. SAUDI ARABIA
 8.6.2. UAE
 8.6.3. KUWAIT
 8.6.4. QATAR
 8.6.5. REST OF THE MIDDLE EAST
 8.7. AFRICA
 8.7.1. SOUTH AFRICA
 8.7.2. NIGERIA
 8.7.3. REST OF AFRICA
 9. COMPETITIVE LANDSCAPE
 
 9.1. OVERVIEW
 9.2. COMPETITIVE SITUATION & TRENDS
 9.3. CONTRACTS & AGREEMENTS
 9.4. EXPANSION
 9.5. NEW PRODUCT DEVELOPMENT
 9.6. MERGERS & ACQUISITIONS
 10. COMPANY PROFILES (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
 
 10.1. INTRODUCTION
 10.2. ABB LTD.
 10.3. SIEMENS AG
 10.4. GENERAL ELECTRIC COMPANY
 10.5. CROMPTON GREAVES LIMITED
 10.6. TOSHIBA CORPORATION
 10.7. HYUNDAI HEAVY INDUSTRIES CO., LTD.
 10.8. MITSUBISHI ELECTRIC CORPORATION
 10.9. HYOSUNG GROUP
 10.10. BHARAT HEAVY ELECTRICALS LIMITED
 10.11. SPX TRANSFORMER SOLUTIONS, INC.
 *Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
 
 11. APPENDIX
 
 11.1. INSIGHTS OF INDUSTRY EXPERTS
 11.2. DISCUSSION GUIDE
 11.3. OTHER DEVELOPMENTS
 11.3.1. CONTRACTS & AGREEMENTS
 11.3.2. EXPANSIONS
 11.3.3. NEW PRODUCT LAUNCHES
 11.3.4. JOINT VENTURES
 11.4. INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
 11.5. AVAILABLE CUSTOMIZATIONS
 11.6. RELATED REPORTS


List Of Tables

TABLE 1: GLOBAL T&D INFRASTRUCTURE EXPANSION PLANS
 TABLE 2: GLOBAL POWER TRANSFORMER MARKET, BY RATING, 2013-2020, (USD MILLION)
 TABLE 3: SMALL POWER TRANSFORMERS (UP TO 60 MVA), BY REGION, 2013-2020, (USD MILLION)
 TABLE 4: MEDIUM POWER TRANSFORMERS (UP TO 60 - 600 MVA), BY REGION, 2013-2020, (USD MILLION)
 TABLE 5: LARGE POWER TRANSFORMERS (ABOVE 600 MVA), BY REGION, 2013-2020, (USD MILLION)
 TABLE 6: GLOBAL POWER TRANSFORMER MARKET, BY COOLING TYPE, 2013-2020, (USD MILLION)
 TABLE 7: OIL-COOLED POWER TRANSFORMERS, BY REGION, 2013-2020, (USD MILLION)
 TABLE 8: AIR-COOLED POWER TRANSFORMERS, BY REGION, 2013-2020, (USD MILLION)
 TABLE 9: POWER TRANSFORMER MARKET SIZE, BY REGION, 2013-2020 (USD BILLION)
 TABLE 10: NORTH AMERICA: POWER TRANSFORMER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 11: NORTH AMERICA: POWER TRANSFORMER SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 12: NORTH AMERICA: SMALL POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 13: NORTH AMERICA: MEDIUM POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 14: NORTH AMERICA: LARGE POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 15: U.S.: POWER TRANSFORMER MARKET SIZE, BY RATING , 2013-2020 (USD MILLION)
 TABLE 16: CANADA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 17: MEXICO: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 18: EUROPE: POWER TRANSFORMER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 19: EUROPE: POWER TRANSFORMER SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 20: EUROPE: SMALL POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 21: EUROPE: MEDIUM POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 22: EUROPE: LARGE POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 23: U.K.: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 24: GERMANY: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 25: FRANCE: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 26: RUSSIA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 27: REST OF EUROPE: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 28: ASIA-PACIFIC: POWER TRANSFORMER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 29: ASIA-PACIFIC: POWER TRANSFORMER SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 30: ASIA-PACIFIC: SMALL POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 31: ASIA-PACIFIC: MEDIUM POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 32: ASIA-PACIFIC: LARGE POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 33: CHINA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 34: INDIA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 35: AUSTRALIA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 36: JAPAN: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 37: REST OF ASIA-PACIFIC: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 38: SOUTH AMERICA: POWER TRANSFORMER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 39: SOUTH AMERICA: POWER TRANSFORMER SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 40: SOUTH AMERICA: SMALL POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 41: SOUTH AMERICA: MEDIUM POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 42: SOUTH AMERICA: LARGE POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 43: BRAZIL: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 44: ARGENTINA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 45: REST OF SOUTH AMERICA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 46: MIDDLE EAST: POWER TRANSFORMER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 47: MIDDLE EAST: POWER TRANSFORMER SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 48: MIDDLE EAST: SMALL POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 49: MIDDLE EAST: MEDIUM POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 50: MIDDLE EAST: LARGE POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 51: SAUDI ARABIA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 52: UAE: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 53: KUWAIT: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 54: QATAR: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 55: REST OF MIDDLE EAST: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 56: AFRICA: POWER TRANSFORMER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 57: AFRICA: POWER TRANSFORMER SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 58: AFRICA: SMALL POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 59: AFRICA: MEDIUM POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 60: AFRICA: LARGE POWER TRANSFORMER MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
 TABLE 61: SOUTH AFRICA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 62: NIGERIA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 63: REST OF AFRICA: POWER TRANSFORMER MARKET SIZE, BY RATING, 2013-2020 (USD MILLION)
 TABLE 64: CONTRACTS & AGREEMENTS, 2015
 TABLE 65: EXPANSIONS, 2013-2014
 TABLE 66: NEW PRODUCT DEVELOPMENTS, 2013-2015
 TABLE 67: MERGERS & ACQUISITIONS, 2014


List Of Figures

FIGURE 1: POWER TRANSFORMER MARKET: RESEARCH DESIGN
FIGURE 2: MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 3: MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 4: DATA TRIANGULATION METHODOLOGY
FIGURE 5: ASIA-PACIFIC DOMINATED THE POWER TRANSFORMER MARKET IN 2014
FIGURE 6: POWER TRANSFORMER MARKET: RATING SNAPSHOT
FIGURE 7: ASIA-PACIFIC TO GENERATE THE HIGHEST DEMAND FOR POWER TRANSFORMERS DURING THE FORECAST PERIOD
FIGURE 8: THE OIL-FREE POWER TRANSFORMER MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 9: NEW T&D LINE EXPANSION PROJECTS ARE EXPECTED TO DRIVE THE POWER TRANSFORMER MARKET DURING THE FORECAST PERIOD
FIGURE 10: POWER TRANSFORMER MARKET SCENARIO: 2015 TO 2020
FIGURE 11: OIL-COOLED POWER TRANSFORMERS HELD THE LARGEST MARKET SHARE IN 2014
FIGURE 12: CHINA IS EXPECTED TO BE THE FASTEST GROWING MARKET DURING THE FORECAST PERIOD
FIGURE 13: CHINA, U.S., & INDIA ARE EXPECTED TO ACQUIRE MORE THAN 30% OF THE TOTAL MARKET SHARE FROM 2015 TO 2020
FIGURE 14: THE OIL-FREE POWER TRANSFORMER MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 15: POWER TRANSFORMER MARKET SEGMENTATION: BY RATING
FIGURE 16: POWER TRANSFORMER MARKET SEGMENTATION: BY COOLING TYPE
FIGURE 17: POWER TRANSFORMER MARKET SEGMENTATION: BY REGION
FIGURE 18: REPLACEMENT OF AGING INFRASTRUCTURE TO PROPEL MARKET GROWTH
FIGURE 19: SMART GRID INVESTMENTS IN U.S., 2013, (USD BILLION)
FIGURE 20: GLOBAL INVESTMENT IN RENEWABLE SECTOR, (USD BILLION)
FIGURE 21: GLOBAL ENERGY CONSUMPTION, BY REGIONS, 2013, (MTOE)
FIGURE 22: VALUE CHAIN ANALYSIS
FIGURE 23: PORTERS FIVE FORCES ANALYSIS: INTENSITY OF COMPETITIVE RIVALRY IS HIGH IN THE POWER TRANSFORMER MARKET
FIGURE 24: REGIONAL SNAPSHOT: RAPID GROWTH MARKETS ARE EMERGING AS NEW HOTSPOTS DURING THE FORECAST PERIOD
FIGURE 25: NORTH AMERICA: MARKET SNAPSHOT
FIGURE 26: ASIA-PACIFIC: MARKET SNAPSHOT
FIGURE 27: COMPANIES ADOPTED CONTRACTS & AGREEMENTS AS THE KEY GROWTH STRATEGY, 2011-2015
FIGURE 28: MARKET EVALUATION FRAMEWORK
FIGURE 29: BATTLE FOR MARKET SHARE: CONTRACTS & AGREEMENTS IS THE KEY STRATEGY
FIGURE 30: REGIONAL REVENUE MIX OF TOP 5 MARKET PLAYERS
FIGURE 31: ABB LTD.: COMPANY SNAPSHOT
FIGURE 32: ABB LTD.: SWOT ANALYSIS
FIGURE 33: SIEMENS AG: COMPANY SNAPSHOT
FIGURE 34: SIEMENS AG: SWOT ANALYSIS
FIGURE 35: GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
FIGURE 36: GENERAL ELECTRIC COMPANY: SWOT ANALYSIS
FIGURE 37: CROMPTON GREAVES LIMITED: COMPANY SNAPSHOT
FIGURE 38: CROMPTON GREAVES LIMITED: SWOT ANALYSIS
FIGURE 39: TOSHIBA CORPORATION: COMPANY SNAPSHOT
FIGURE 40: TOSHIBA: SWOT ANALYSIS
FIGURE 41: HYUNDAI HEAVY INDUSTRIES CO. LTD.: COMPANY SNAPSHOT
FIGURE 42: MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
FIGURE 43: HYOSUNG GROUP: COMPANY SNAPSHOT
FIGURE 44: BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
FIGURE 45: SPX TRANSFORMER SOLUTIONS, INC.: COMPANY SNAPSHOT


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Reports Details

Published Date : Nov 2015
No. of Pages :129
Country :Global
Category :Energy and Power
Publisher :MarketsandMarkets
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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