Report Highlights
The global transformers market should reach $81.6 billion by 2027 from $49.3 billion in 2022 at a compound annual growth rate (CAGR) of 10.6% for the forecast period of 2022 to 2027.
Report Includes
- 53 tables and 28 additional tables
- An up-to-date overview and industry analysis of the global markets for electrical transformers
- Analyses of the global market trends, with historic market revenue data (sales figures) for 2021, estimates for 2022, forecasts for 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and revenue forecast for global transformers market in USD million terms, and corresponding market share analysis by type, capacity rating, phase, insulation type, end-use industry, and region
- In-depth information (facts and figures) concerning the major factors influencing the progress of this market (benefits, and industry-specific challenges) with respect to specific growth trends, upcoming technologies, future prospects, and contributions to the overall market
- Analysis of market opportunities with a holistic study of Porter’s Analysis and PESTLE Analysis for relevant geographic regions in the global transformer industry
- Insight into the recent industry structure, competitive aspects of each product segment, increasing investment on R&D activities to develop low-cost advanced transformer technologies, market development strategies, and company value share analysis
- Identification of major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, segmental revenues, and operational integration
- Review of key patent grants and significant allotments of recent patents across each major category
- Descriptive company profiles of the market leading players, including ABB Ltd., BHEL, DAIHEN Corp., General Electric Co., Mitsubishi Electric Corp. and Siemens AG
Report Scope
This report analyzes different transformer types, capacity ratings, phases, insulation types, mounting locations, end-use industries, and regional market development of transformers. Furthermore, we also segment the market analysis by major countries in this report, such as the U.S., China, Germany, India, and others, where the opportunities for transformers are lucrative.
The report is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current, and future market scenarios. The report also covers leading companies with information on product types, business footprint, revenue, and more. We have also included a list of other companies in global and regional markets. Also, the report consists of a patent analysis for the transformer market, representing a significant investment area for investors.
The report incorporates the impacts of COVID-19 and the Russia-Ukraine war on the global and regional markets.
In this report, 2021 is used as the market's base year, estimated values are provided for 2022, and the market values are forecast from 2022 to 2027. All market values are provided in millions of dollars, and market shares and CAGRs are provided in percentages.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||
| Forecast period considered | 2022-2027 | ||||||||||||||||
| Base year market size | $45.0 billion | ||||||||||||||||
| Market size forecast | $81.6 billion | ||||||||||||||||
| Growth rate | CAGR of 10.6% | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | type, capacity rating, phase, insulation type, mounting location, end-use industry, and region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and ROW | ||||||||||||||||
| Countries covered | The U.S, Canada, Mexico, Germany, France, Italy, Spain, The U.K., Rest of Europe (Austria, Belgium, Russia, Norway, Finland, Poland, and other countries), China, India, Japan, Australia, South Korea, Rest of Asia-Pacific (Australia, Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and other countries), The Middle East and Africa (GCC countries, Iran, Morocco, South Africa, Nigeria, and others), South America (Brazil, Argentina, Bolivia, Chile, Colombia, and others) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for electrical transformers will grow from 515,788 units in 2016 to 738,373 units by 2021 with a compound annual growth rate (CAGR) of 7.4% for the period of 2016-2021.
Report Includes
- An overview of the global markets for transformers.
- Analyses of global market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- Information on transformers regarding their different types and technologies employed, as well as information on the manufacturing process for transformers.
- Assessments of the regulatory standards in the U.S. and European Union considering the continuous pressures of increasing energy costs.
- Analysis of key trends as well as challenges the market for transformers faces.
- A look at the supplier landscape as well as profiles of major players in the field.
Report Highlights
BCC Research estimates the global market for transformers totalled $31.5 billion in 2013. The market should reach $33.9 billion in 2014 and $48.3 billion in 2019, registering a compound annual growth (CAGR) of 7.3% over the next five years.
Report Includes
- An overview of the global markets for transformers.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Information on transformers regarding their different types and technologies employed, as well as information on the manufacturing process for transformers.
- Assessments of the regulatory standards in the U.S. and European Union considering the continuous pressures of increasing energy costs.
- Analysis of key trends as well as challenges the market for transformers faces.
- Comprehensive profiles of major players in the field.
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