デフォルト表紙
市場調査レポート
商品コード
1563744

変圧器の世界市場の評価:タイプ別、冷却タイプ別、電圧別、用途別、地域別、機会、予測、2017年~2031年

Transformers Market Assessment, By Type, By Cooling Type, By Voltage, By Application, By Region, Opportunities and Forecast, 2017-2031F

出版日: | 発行: Market Xcel - Markets and Data | ページ情報: 英文 223 Pages | 納期: 3~5営業日

● お客様のご希望に応じて、既存データの加工や未掲載情報(例:国別セグメント)の追加などの対応が可能です。  詳細はお問い合わせください。

価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=154.02円
変圧器の世界市場の評価:タイプ別、冷却タイプ別、電圧別、用途別、地域別、機会、予測、2017年~2031年
出版日: 2024年10月01日
発行: Market Xcel - Markets and Data
ページ情報: 英文 223 Pages
納期: 3~5営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の変圧器の市場規模は、2024年~2031年の予測期間中に6.93%のCAGRで拡大し、2023年の700億9,000万米ドルから2031年には1,197億7,000万米ドルに成長すると予測されています。エネルギー消費の増加、都市化、工業化、再生可能エネルギー源とスマートグリッド技術の統合の進展、環境規制などの要因が変圧器市場の成長を促進しています。経済的、技術的、規制的な要因が組み合わさることで、予測数年間は変圧器にビジネスチャンスが生まれると期待されています。

先進地域、特に北米と欧州では送電網の老朽化が進んでいます。公益事業者は、現代のエネルギー需要を満たし効率を向上させるために不可欠な、古い変圧器のアップグレードと交換を進めており、これが予測数年間の変圧器世界市場の成長を牽引しています。さらに、アフリカやアジア太平洋などの新興国市場では、送電網を拡大するために農村部の電化プロジェクトに投資しており、これが変圧器市場の需要を押し上げています。

世界人口の増加は、高い電力需要をもたらしています。新興諸国は、急速な発展に対応するため、インフラとエネルギー部門に多額の投資を行っています。アジア太平洋、アフリカ、南米などの地域では、大量の電力を消費する産業、住宅、商業施設の建設が行われており、大電力の負荷を分配・調整する変圧器の需要が高まっています。

さらに、インド、タイ、インドネシアなどの新興諸国では、鉱業、製造業、石油・ガス、データセンターなどの産業成長に投資しており、これが電力需要を煽っています。実際、変圧器は、さまざまな用途に信頼性の高い電力を供給するために必要です。HVACシステム、ホームオートメーション技術、高エネルギー消費製品の利用は、住宅用途での高い電力消費をもたらします。住宅部門からの高い需要に伴い、変圧器の需要は予測期間で増加しています。

世界的に、各国政府は農村部や遠隔地の電化に乗り出しており、これが予測期間における変圧器需要に大きく寄与しています。政府と電力会社は、農村部に電力を供給するために既存の送電網を拡張しており、変圧器市場規模を押し上げています。

当レポートでは、世界の変圧器市場について調査し、市場の概要とともに、タイプ別、冷却タイプ別、電圧別、用途別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 世界の変圧器市場の見通し、2017年~2031年

  • 市場規模の分析と予測
  • 市場シェア分析と予測
  • 市場マップ分析、2023年~2031年
    • タイプ別
    • 冷却タイプ別
    • 電圧別
    • 用途別
    • 地域別

第5章 北米の変圧器市場の見通し、2017年~2031年

第6章 欧州の変圧器市場の見通し、2017年~2031年

第7章 アジア太平洋の変圧器市場の見通し、2017年~2031年

第8章 南米の変圧器市場の見通し、2017年~2031年

第9章 中東・アフリカの変圧器市場の見通し、2017年~2031年

第10章 ポーターのファイブフォース分析

第11章 PESTLE分析

第12章 価格分析

第13章 市場力学

第14章 市場の動向と発展

第15章 競合情勢

  • 市場リーダー上位5社の競合マトリックス
  • 上位5社のSWOT分析
  • 主要企業上位10社の情勢
    • Bharat Heavy Electricals Limited
    • Virginia Transformer Corporation
    • WEG S.A.
    • GE Vernova
    • TBEA CO., LTD.
    • Olsun Electrics Corporation
    • Hitachi Energy Ltd
    • Siemens Energy AG
    • Toshiba International Corporation
    • CG Power and Industrial Solutions Limited

第16章 戦略的提言

第17章 お問い合わせと免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 2. Global Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 3. Global Transformers Market Share (%), By Type, 2017-2031F
  • Figure 4. Global Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 5. Global Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 6. Global Transformers Market Share (%), By Application, 2017-2031F
  • Figure 7. Global Transformers Market Share (%), By Region, 2017-2031F
  • Figure 8. North America Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 9. North America Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 10. North America Transformers Market Share (%), By Type, 2017-2031F
  • Figure 11. North America Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 12. North America Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 13. North America Transformers Market Share (%), By Application, 2017-2031F
  • Figure 14. North America Transformers Market Share (%), By Country, 2017-2031F
  • Figure 15. United States Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 16. United States Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 17. United States Transformers Market Share (%), By Type, 2017-2031F
  • Figure 18. United States Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 19. United States Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 20. United States Transformers Market Share (%), By Application, 2017-2031F
  • Figure 21. Canada Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 22. Canada Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 23. Canada Transformers Market Share (%), By Type, 2017-2031F
  • Figure 24. Canada Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 25. Canada Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 26. Canada Transformers Market Share (%), By Application, 2017-2031F
  • Figure 27. Mexico Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 28. Mexico Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 29. Mexico Transformers Market Share (%), By Type, 2017-2031F
  • Figure 30. Mexico Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 31. Mexico Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 32. Mexico Transformers Market Share (%), By Application, 2017-2031F
  • Figure 33. Europe Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 34. Europe Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 35. Europe Transformers Market Share (%), By Type, 2017-2031F
  • Figure 36. Europe Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 37. Europe Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 38. Europe Transformers Market Share (%), By Application, 2017-2031F
  • Figure 39. Europe Transformers Market Share (%), By Country, 2017-2031F
  • Figure 40. Germany Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 41. Germany Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 42. Germany Transformers Market Share (%), By Type, 2017-2031F
  • Figure 43. Germany Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 44. Germany Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 45. Germany Transformers Market Share (%), By Application, 2017-2031F
  • Figure 46. France Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 47. France Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 48. France Transformers Market Share (%), By Type, 2017-2031F
  • Figure 49. France Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 50. France Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 51. France Transformers Market Share (%), By Application, 2017-2031F
  • Figure 52. Italy Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 53. Italy Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 54. Italy Transformers Market Share (%), By Type, 2017-2031F
  • Figure 55. Italy Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 56. Italy Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 57. Italy Transformers Market Share (%), By Application, 2017-2031F
  • Figure 58. United Kingdom Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 59. United Kingdom Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 60. United Kingdom Transformers Market Share (%), By Type, 2017-2031F
  • Figure 61. United Kingdom Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 62. United Kingdom Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 63. United Kingdom Transformers Market Share (%), By Application, 2017-2031F
  • Figure 64. Russia Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 65. Russia Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 66. Russia Transformers Market Share (%), By Type, 2017-2031F
  • Figure 67. Russia Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 68. Russia Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 69. Russia Transformers Market Share (%), By Application, 2017-2031F
  • Figure 70. Netherlands Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 71. Netherlands Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 72. Netherlands Transformers Market Share (%), By Type, 2017-2031F
  • Figure 73. Netherlands Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 74. Netherlands Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 75. Netherlands Transformers Market Share (%), By Application, 2017-2031F
  • Figure 76. Spain Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 77. Spain Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 78. Spain Transformers Market Share (%), By Type, 2017-2031F
  • Figure 79. Spain Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 80. Spain Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 81. Spain Transformers Market Share (%), By Application, 2017-2031F
  • Figure 82. Turkey Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 83. Turkey Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 84. Turkey Transformers Market Share (%), By Type, 2017-2031F
  • Figure 85. Turkey Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 86. Turkey Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 87. Turkey Transformers Market Share (%), By Application, 2017-2031F
  • Figure 88. Poland Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 89. Poland Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 90. Poland Transformers Market Share (%), By Type, 2017-2031F
  • Figure 91. Poland Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 92. Poland Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 93. Poland Transformers Market Share (%), By Application, 2017-2031F
  • Figure 94. South America Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 95. South America Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 96. South America Transformers Market Share (%), By Type, 2017-2031F
  • Figure 97. South America Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 98. South America Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 99. South America Transformers Market Share (%), By Application, 2017-2031F
  • Figure 100. South America Transformers Market Share (%), By Country, 2017-2031F
  • Figure 101. Brazil Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 102. Brazil Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 103. Brazil Transformers Market Share (%), By Type, 2017-2031F
  • Figure 104. Brazil Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 105. Brazil Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 106. Brazil Transformers Market Share (%), By Application, 2017-2031F
  • Figure 107. Argentina Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 108. Argentina Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 109. Argentina Transformers Market Share (%), By Type, 2017-2031F
  • Figure 110. Argentina Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 111. Argentina Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 112. Argentina Transformers Market Share (%), By Application, 2017-2031F
  • Figure 113. Asia-Pacific Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 114. Asia-Pacific Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 115. Asia-Pacific Transformers Market Share (%), By Type, 2017-2031F
  • Figure 116. Asia-Pacific Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 117. Asia-Pacific Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 118. Asia-Pacific Transformers Market Share (%), By Application, 2017-2031F
  • Figure 119. Asia-Pacific Transformers Market Share (%), By Country, 2017-2031F
  • Figure 120. India Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 121. India Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 122. India Transformers Market Share (%), By Type, 2017-2031F
  • Figure 123. India Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 124. India Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 125. India Transformers Market Share (%), By Application, 2017-2031F
  • Figure 126. China Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 127. China Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 128. China Transformers Market Share (%), By Type, 2017-2031F
  • Figure 129. China Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 130. China Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 131. China Transformers Market Share (%), By Application, 2017-2031F
  • Figure 132. Japan Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 133. Japan Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 134. Japan Transformers Market Share (%), By Type, 2017-2031F
  • Figure 135. Japan Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 136. Japan Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 137. Japan Transformers Market Share (%), By Application, 2017-2031F
  • Figure 138. Australia Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 139. Australia Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 140. Australia Transformers Market Share (%), By Type, 2017-2031F
  • Figure 141. Australia Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 142. Australia Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 143. Australia Transformers Market Share (%), By Application, 2017-2031F
  • Figure 144. Vietnam Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 145. Vietnam Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 146. Vietnam Transformers Market Share (%), By Type, 2017-2031F
  • Figure 147. Vietnam Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 148. Vietnam Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 149. Vietnam Transformers Market Share (%), By Application, 2017-2031F
  • Figure 150. South Korea Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 151. South Korea Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 152. South Korea Transformers Market Share (%), By Type, 2017-2031F
  • Figure 153. South Korea Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 154. South Korea Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 155. South Korea Transformers Market Share (%), By Application, 2017-2031F
  • Figure 156. Indonesia Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 157. Indonesia Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 158. Indonesia Transformers Market Share (%), By Type, 2017-2031F
  • Figure 159. Indonesia Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 160. Indonesia Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 161. Indonesia Transformers Market Share (%), By Application, 2017-2031F
  • Figure 162. Philippines Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 163. Philippines Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 164. Philippines Transformers Market Share (%), By Type, 2017-2031F
  • Figure 165. Philippines Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 166. Philippines Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 167. Philippines Transformers Market Share (%), By Application, 2017-2031F
  • Figure 168. Middle East & Africa Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 169. Middle East & Africa Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 170. Middle East & Africa Transformers Market Share (%), By Type, 2017-2031F
  • Figure 171. Middle East & Africa Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 172. Middle East & Africa Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 173. Middle East & Africa Transformers Market Share (%), By Application, 2017-2031F
  • Figure 174. Middle East & Africa Transformers Market Share (%), By Country, 2017-2031F
  • Figure 175. Saudi Arabia Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 176. Saudi Arabia Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 177. Saudi Arabia Transformers Market Share (%), By Type, 2017-2031F
  • Figure 178. Saudi Arabia Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 179. Saudi Arabia Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 180. Saudi Arabia Transformers Market Share (%), By Application, 2017-2031F
  • Figure 181. UAE Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 182. UAE Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 183. UAE Transformers Market Share (%), By Type, 2017-2031F
  • Figure 184. UAE Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 185. UAE Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 186. UAE Transformers Market Share (%), By Application, 2017-2031F
  • Figure 187. South Africa Transformers Market, By Value, In USD Billion, 2017-2031F
  • Figure 188. South Africa Transformers Market, By Volume, In Billion Units, 2017-2031F
  • Figure 189. South Africa Transformers Market Share (%), By Type, 2017-2031F
  • Figure 190. South Africa Transformers Market Share (%), By Cooling Type, 2017-2031F
  • Figure 191. South Africa Transformers Market Share (%), By Voltage, 2017-2031F
  • Figure 192. South Africa Transformers Market Share (%), By Application, 2017-2031F
  • Figure 193. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 194. By Cooling Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 195. By Voltage Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 196. By Application Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 197. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
目次
Product Code: MX11985

Global transformers market is projected to witness a CAGR of 6.93% during the forecast period 2024-2031, growing from USD 70.09 billion in 2023 to USD 119.77 billion in 2031. Factors such as rising energy consumption, urbanization, industrialization, advancements in the integration of renewable energy sources with smart grid technology, and environmental restrictions drive the growth of the transformers market. The combination of economic, technological, and regulatory factors is expected to create opportunities for transformers in the forecast years.

The electrical grid is aging in developed regions, especially in North America and Europe. Utility providers are upgrading and replacing old transformers, which is essential to meet modern energy demands and improve efficiency, driving the growth of the global transformers market in the forecast years. Moreover, developing regions, such as Africa and Asia-Pacific, are investing in rural electrification projects for expanding power grids, which boosts the demand for transformers in the market.

For instance, in March 2024, According to National Renewable Energy Laboratory (NREL) estimates, the United States will increase the distribution transformer capacity above 100% by 2050.

Electrification Upliftment in Developing Countries to Increase Market Demand

The rise in the global population has led to high power demands. Developing countries invest heavily in infrastructure and the energy sector to accommodate the rapid development. Region such as Asia-Pacific, Africa, and South America are engaged in industrial, residential, and commercial construction that consumes significant amounts of electricity, leading to higher demand for transformers to distribute and regulate high-power loads.

Additionally, developing countries, such as India, Thailand, and Indonesia, are investing in industrial growth, such as mining, manufacturing, and oil and gas, along with data centers, which fuel the demand for electricity. Indeed, transformers are required to deliver reliable electricity for different applications since industrial operations require consistent power supply at stable voltage. Utilization of HVAC systems, home automation technology, and high-energy-consuming products results in high electricity consumption within residential applications. With high demand from the residential sector, the demand for transformers is rising in the forecast period.

Globally, governments of different countries have taken the initiative for the electrification of rural and remote areas, which significantly contributes to the demand for transformers in the forecast period. Governments and utility companies are extending the existing power grids to bring electricity to rural areas, boosting the transformers market size.

Thus, the electrification of rural areas, rapid urbanization in developing countries, and rise in the consumption of electricity drive the demand for the transformers market.

For instance, in April 2024, The World Bank Group and African Development Bank Group entered in a partnership with an ambition to provide electricity access to 300 million people in Africa by 2030.

In March 2022, the Embassy of Japan and the United Nations Development Programme (UNDP) signed an agreement to provide support for sustainable rural electrification in remote areas of Cambodia.

Electrification of the Transportation Sector to Proliferate Market Growth

The electrification of the transportation sector in developing countries is driving the demand for transformers. The transformers demand in transportation sector is driven by transition from fossil fuels, powered to electric vehicles (EVs), electric railways, and other electrified public and commercial transportation.

Furthermore, governments are introducing new environmental policies to reduce carbon emissions, which raise the adoption of electric vehicles in different regions. A rise in EV sales leads to the expansion of EV charging networks that drive transformers market growth as EV charging stations need transformers to reduce high-voltage power from the grid to the level required for safe charging of vehicles. Based on the findings, with the rise in the number of charging stations, urban and rural areas foster the transformers market share.

Thus, the electrification of the transportation sector in all regions, the expansion of EV charging networks, and the development of smart grids and energy storage solutions drive the demand for the global transformer market.

For instance, in July 2024, the Indian government is looking to expand the scope of the electric vehicle (EV) policy, which will prompt global players to localize production and invest in the domestic ecosystem of EV charging infrastructure.

Distribution Transformers to Dominate the Global Market Share

In 2023, distribution transformers will have a high adoption rate, which will make the segment a major contributor to the transformers market. High demand for distribution transformers is driven by a combination of urbanization, rural electrification, increasing power consumption, the shift towards renewable energy, and the need for modern and efficient power distribution networks. Distribution transformers are essential for extending power grids into rural communities.

In most countries, the distribution transformers have facilitated policy support, making the product an economically feasible option for the producers and investors. Thus, several beneficial aspects of distribution transformers sustain their dominance in the transformers market.

For instance, in July 2024, Toshiba decided to invest a significant amount to increase production capacity of power transmission and distribution equipment in India.

Asia-Pacific Leads the Global Transformers Market

Asia-Pacific dominates the transformers market with the highest share. The region comprises developing countries, that are largely investing in renewable energy sources and the power distribution sector, driving the growth of the market in the country. China and India are some of the biggest energy consumers, which makes Asia-Pacific contribute significantly to the magnitude of global consumption. Countries are investing in modernizing power grids, improving energy efficiency, reducing transmission losses, and ensuring reliable power supply.

Developing countries are highly focused on the manufacturing sector and electrification of rural areas, fostering the demand for transformers in the region. Additionally, the rise in interest in electrification of the transport sector in developing countries is expected to be a major factor for market growth during the forecast period.

According to the National Family Health Survey (NFHS) report published in March 2022, rural residents with access to electricity surged from 53 percent to 86 percent in the last five years.

Future Market Scenario (2024 - 2031F)

Advanced transformers will be required for the integration of renewable energy and smart transformer applications, helping to shape the future of immersive experiences.

As government concerns push for more sustainable technological solutions, energy-efficient transformers will gain significance.

The rise in rural electrification results in a rise in the demand for distribution transformers in developing countries.

Key Players Landscape and Outlook

Continuous innovation characterizes the global landscape of transformers as companies compete to outperform one another in terms of power generation and distribution. The market prognosis remains positive, owing to increased demand for high-quality smart transformers. Transformers manufacturers are concerned with supply chain resilience, energy efficiency, and environmental practices, which will define the industry's future. Major companies are concentrating on product diversification, investing in research and development, and strategic alliances to fortify market positions. Innovation, sustainability, and regional growth opportunities have immense potential, especially in areas such as Africa, Middle East, and Asia-Pacific, reaching high growth rates in these regions.

For instance, in January 2023, CG Power and Industrial Solutions Ltd. will expand the production of power transformers and distribution transformer units at Malanpur and Bhopal in India.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Global Transformers Market Outlook, 2017-2031F

  • 4.1. Market Size Analysis & Forecast
    • 4.1.1. By Value
    • 4.1.2. By Volume
  • 4.2. Market Share Analysis & Forecast
    • 4.2.1. By Type
      • 4.2.1.1. Distribution Transformers
      • 4.2.1.2. Power Transformers
      • 4.2.1.3. Others
    • 4.2.2. By Cooling Type
      • 4.2.2.1. Air Cooled
      • 4.2.2.2. Oil Cooled
    • 4.2.3. By Voltage
      • 4.2.3.1. Low Voltage Transformers
      • 4.2.3.2. Medium Voltage Transformers
      • 4.2.3.3. High Voltage Transformers
    • 4.2.4. By Application
      • 4.2.4.1. Utility
      • 4.2.4.2. Residential
      • 4.2.4.3. Commercial and Industrial
      • 4.2.4.4. Others
    • 4.2.5. By Region
      • 4.2.5.1. North America
      • 4.2.5.2. Europe
      • 4.2.5.3. Asia-Pacific
      • 4.2.5.4. South America
      • 4.2.5.5. Middle East and Africa
    • 4.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2023)
  • 4.3. Market Map Analysis, 2023
    • 4.3.1. By Type
    • 4.3.2. By Cooling Type
    • 4.3.3. By Voltage
    • 4.3.4. By Application
    • 4.3.5. By Region

5. North America Transformers Market Outlook, 2017-2031F*

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Distributed Transformers
      • 5.2.1.2. Power Transformers
      • 5.2.1.3. Others
    • 5.2.2. By Cooling Type
      • 5.2.2.1. Air Cooled
      • 5.2.2.2. Oil Cooled
    • 5.2.3. By Voltage
      • 5.2.3.1. Low Voltage Transformers
      • 5.2.3.2. Medium Voltage Transformers
      • 5.2.3.3. High Voltage Transformers
    • 5.2.4. By Application
      • 5.2.4.1. Utility
      • 5.2.4.2. Residential
      • 5.2.4.3. Commercial and Industrial
      • 5.2.4.4. Others
    • 5.2.5. By Country Share
      • 5.2.5.1. United States
      • 5.2.5.2. Canada
      • 5.2.5.3. Mexico
  • 5.3. Country Market Assessment
    • 5.3.1. United States Transformers Market Outlook, 2017-2031F*
      • 5.3.1.1. Market Size Analysis & Forecast
        • 5.3.1.1.1. By Value
        • 5.3.1.1.2. By Volume
      • 5.3.1.2. Market Share Analysis & Forecast
        • 5.3.1.2.1. By Type
          • 5.3.1.2.1.1. Distribution Transformers
          • 5.3.1.2.1.2. Power Transformers
          • 5.3.1.2.1.3. Others
        • 5.3.1.2.2. By Cooling Type
          • 5.3.1.2.2.1. Air Cooled
          • 5.3.1.2.2.2. Oil Cooled
        • 5.3.1.2.3. By Voltage
          • 5.3.1.2.3.1. Low Voltage Transformers
          • 5.3.1.2.3.2. Medium Voltage Transformers
          • 5.3.1.2.3.3. High Voltage Transformers
        • 5.3.1.2.4. By Application
          • 5.3.1.2.4.1. Utility
          • 5.3.1.2.4.2. Residential
          • 5.3.1.2.4.3. Commercial and Industrial
          • 5.3.1.2.4.4. Others
    • 5.3.2. Canada
    • 5.3.3. Mexico

All segments will be provided for all regions and countries covered

6. Europe Transformers Market Outlook, 2017-2031F

  • 6.1. Germany
  • 6.2. France
  • 6.3. Italy
  • 6.4. United Kingdom
  • 6.5. Russia
  • 6.6. Spain

7. Asia-Pacific Transformers Market Outlook, 2017-2031F

  • 7.1. India
  • 7.2. China
  • 7.3. Japan
  • 7.4. Australia
  • 7.5. Vietnam
  • 7.6. South Korea
  • 7.7. Indonesia

8. South America Transformers Market Outlook, 2017-2031F

  • 8.1. Brazil
  • 8.2. Argentina

9. Middle East and Africa Transformers Market Outlook, 2017-2031F

  • 9.1. Saudi Arabia
  • 9.2. UAE
  • 9.3. South Africa

10. Porter's Five Forces Analysis

11. PESTLE Analysis

12. Pricing Analysis

13. Market Dynamics

  • 13.1. Market Drivers
  • 13.2. Market Challenges

14. Market Trends and Developments

15. Competitive Landscape

  • 15.1. Competition Matrix of Top 5 Market Leaders
  • 15.2. SWOT Analysis for Top 5 Players
  • 15.3. Key Players Landscape for Top 10 Market Players
    • 15.3.1. Bharat Heavy Electricals Limited
      • 15.3.1.1. Company Details
      • 15.3.1.2. Key Management Personnel
      • 15.3.1.3. Products and Services
      • 15.3.1.4. Financials (As Reported)
      • 15.3.1.5. Key Market Focus and Geographical Presence
      • 15.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 15.3.2. Virginia Transformer Corporation
    • 15.3.3. WEG S.A.
    • 15.3.4. GE Vernova
    • 15.3.5. TBEA CO., LTD.
    • 15.3.6. Olsun Electrics Corporation
    • 15.3.7. Hitachi Energy Ltd
    • 15.3.8. Siemens Energy AG
    • 15.3.9. Toshiba International Corporation
    • 15.3.10. CG Power and Industrial Solutions Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16. Strategic Recommendations

17. About Us and Disclaimer