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Transformers Market by Type, Power Rating, Cooling Type, Insulation, Number of Phase, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 756 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781753
Description Jump to:
The global transformers market was valued at $58.6 billion in 2021, and is projected to reach $103.0 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.

Transformer is an electronic device that transfers electric energy from AC (alternating-current) circuit to another circuits,. Transformers are static electric machines which help increase or decrease the voltage in an electrical circuit. Transformers comprise of dry, and liquid immersed insulated circuits to facilitate the utility, industrial, power and transmission platforms. These are one of the primary components for the transmission and distribution of electrical energy.. It comprises dry, and liquid immersed insulated circuits to facilitate the utility, industrial, power and transmission platforms.

Increase in demand for energy across the globe results in increase in transformers, which in turn is expected to drive the growth of the market during the forecast period. In addition, growing demand for energy in residential and commercial sector is anticipated to be the driving factor during the forecast period. On the other hand, leading companies in the transformers market are anticipated to benefit from an increase in electric car sales, which leads to an increase in charging stations. However, high risk associated with high DC voltage is expected to hamper the growth of the market during the forecast period..

The transformers market is analyzed and estimated in accordance with impacts of drivers, restraints, and opportunities. The period studied in this report is 2021-2031. The report includes the study of the Transformers market with respect to growth prospects and restraints on the basis of regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

The transformers market is segmented on the basis of type, power rating, cooling type, number of phase, insulation application, and region. On the basis of type, it is categorized into distribution transformer power transformer, and others. On the basis of power rating, it is divided into small, medium, and large. On the basis of cooling type, it is classified into oil cooled, and air cooled. On the basis of number of phase, it is bifurcated into single phase and three phase. On the basis of insulation segmentation, it is divided into two types- dry and liquid immersed insulation. On the basis of application, it is classified into commercial, and residential sector, utility, and industrial sector. Region-wise, it is analyzed across North America, Europe, North America, and Europe.

The global transformers market report covers in-depth information of the major transformers industry participants. Some of the major players in the transformers market include ABB Ltd., Siemens AG, General Electric, Eaton., TOSHIBA CORPORATION, Schneider Electric, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd., VTC/GT, and SGB SMIT which hold significant share of the market. These players have been adopting various strategies to gain higher share and to retain leading positions in the market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the transformers market analysis from 2021 to 2031 to identify the prevailing transformers market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the transformers market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global transformers market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Distribution Transformer
  • Power Transformer
  • Others

By Power Rating

  • Small
  • Medium
  • Large

By Cooling Type

  • Air Cooled
  • Oil Cooled

By Insulation

  • Dry
  • Liquid Immersed

By Number of Phase

  • Three Phase
  • Single Phase

By Application

  • Utility
  • Industrial
  • Commercial and Residential

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • UAE
  • Rest of LAMEA

Key Market Players

  • VTC/GT.
  • Eaton Corporation
  • General Electric
  • Mitsubishi Electric Corporation
  • Siemens AG
  • SGB-SMIT
  • ABB Ltd.
  • schnieder electric
  • TOSHIBA CORPORATION
  • CG Power and Industrial Solutions Ltd

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in Demand for Smart Transformers in Smart Grids
3.4.1.2. Rising Demand for Electricity from Commercial and Utility-Sector
3.4.2. Restraints
3.4.2.1. Risk Associated With High DC Voltages
3.4.3. Opportunities
3.4.3.1. Rapidly Growing Electric Vehicle Charging Stations
3.5. COVID-19 Impact Analysis on the market
3.6. Patent Landscape
CHAPTER 4: TRANSFORMERS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Distribution Transformer
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Power Transformer
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: TRANSFORMERS MARKET, BY POWER RATING
5.1. Overview
5.1.1. Market size and forecast
5.2. Small
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Medium
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Large
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: TRANSFORMERS MARKET, BY COOLING TYPE
6.1. Overview
6.1.1. Market size and forecast
6.2. Air Cooled
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Oil Cooled
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
CHAPTER 7: TRANSFORMERS MARKET, BY INSULATION
7.1. Overview
7.1.1. Market size and forecast
7.2. Dry
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Liquid Immersed
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
CHAPTER 8: TRANSFORMERS MARKET, BY NUMBER OF PHASE
8.1. Overview
8.1.1. Market size and forecast
8.2. Three Phase
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by region
8.2.3. Market share analysis by country
8.3. Single Phase
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by region
8.3.3. Market share analysis by country
CHAPTER 9: TRANSFORMERS MARKET, BY APPLICATION
9.1. Overview
9.1.1. Market size and forecast
9.2. Utility
9.2.1. Key market trends, growth factors and opportunities
9.2.2. Market size and forecast, by region
9.2.3. Market share analysis by country
9.3. Industrial
9.3.1. Key market trends, growth factors and opportunities
9.3.2. Market size and forecast, by region
9.3.3. Market share analysis by country
9.4. Commercial and Residential
9.4.1. Key market trends, growth factors and opportunities
9.4.2. Market size and forecast, by region
9.4.3. Market share analysis by country
CHAPTER 10: TRANSFORMERS MARKET, BY REGION
10.1. Overview
10.1.1. Market size and forecast By Region
10.2. North America
10.2.1. Key trends and opportunities
10.2.2. Market size and forecast, by Type
10.2.3. Market size and forecast, by Power Rating
10.2.4. Market size and forecast, by Cooling Type
10.2.5. Market size and forecast, by Insulation
10.2.6. Market size and forecast, by Number of Phase
10.2.7. Market size and forecast, by Application
10.2.8. Market size and forecast, by country
10.2.8.1. U.S.
10.2.8.1.1. Key market trends, growth factors and opportunities
10.2.8.1.2. Market size and forecast, by Type
10.2.8.1.3. Market size and forecast, by Power Rating
10.2.8.1.4. Market size and forecast, by Cooling Type
10.2.8.1.5. Market size and forecast, by Insulation
10.2.8.1.6. Market size and forecast, by Number of Phase
10.2.8.1.7. Market size and forecast, by Application
10.2.8.2. Canada
10.2.8.2.1. Key market trends, growth factors and opportunities
10.2.8.2.2. Market size and forecast, by Type
10.2.8.2.3. Market size and forecast, by Power Rating
10.2.8.2.4. Market size and forecast, by Cooling Type
10.2.8.2.5. Market size and forecast, by Insulation
10.2.8.2.6. Market size and forecast, by Number of Phase
10.2.8.2.7. Market size and forecast, by Application
10.2.8.3. Mexico
10.2.8.3.1. Key market trends, growth factors and opportunities
10.2.8.3.2. Market size and forecast, by Type
10.2.8.3.3. Market size and forecast, by Power Rating
10.2.8.3.4. Market size and forecast, by Cooling Type
10.2.8.3.5. Market size and forecast, by Insulation
10.2.8.3.6. Market size and forecast, by Number of Phase
10.2.8.3.7. Market size and forecast, by Application
10.3. Europe
10.3.1. Key trends and opportunities
10.3.2. Market size and forecast, by Type
10.3.3. Market size and forecast, by Power Rating
10.3.4. Market size and forecast, by Cooling Type
10.3.5. Market size and forecast, by Insulation
10.3.6. Market size and forecast, by Number of Phase
10.3.7. Market size and forecast, by Application
10.3.8. Market size and forecast, by country
10.3.8.1. Germany
10.3.8.1.1. Key market trends, growth factors and opportunities
10.3.8.1.2. Market size and forecast, by Type
10.3.8.1.3. Market size and forecast, by Power Rating
10.3.8.1.4. Market size and forecast, by Cooling Type
10.3.8.1.5. Market size and forecast, by Insulation
10.3.8.1.6. Market size and forecast, by Number of Phase
10.3.8.1.7. Market size and forecast, by Application
10.3.8.2. France
10.3.8.2.1. Key market trends, growth factors and opportunities
10.3.8.2.2. Market size and forecast, by Type
10.3.8.2.3. Market size and forecast, by Power Rating
10.3.8.2.4. Market size and forecast, by Cooling Type
10.3.8.2.5. Market size and forecast, by Insulation
10.3.8.2.6. Market size and forecast, by Number of Phase
10.3.8.2.7. Market size and forecast, by Application
10.3.8.3. Italy
10.3.8.3.1. Key market trends, growth factors and opportunities
10.3.8.3.2. Market size and forecast, by Type
10.3.8.3.3. Market size and forecast, by Power Rating
10.3.8.3.4. Market size and forecast, by Cooling Type
10.3.8.3.5. Market size and forecast, by Insulation
10.3.8.3.6. Market size and forecast, by Number of Phase
10.3.8.3.7. Market size and forecast, by Application
10.3.8.4. Spain
10.3.8.4.1. Key market trends, growth factors and opportunities
10.3.8.4.2. Market size and forecast, by Type
10.3.8.4.3. Market size and forecast, by Power Rating
10.3.8.4.4. Market size and forecast, by Cooling Type
10.3.8.4.5. Market size and forecast, by Insulation
10.3.8.4.6. Market size and forecast, by Number of Phase
10.3.8.4.7. Market size and forecast, by Application
10.3.8.5. UK
10.3.8.5.1. Key market trends, growth factors and opportunities
10.3.8.5.2. Market size and forecast, by Type
10.3.8.5.3. Market size and forecast, by Power Rating
10.3.8.5.4. Market size and forecast, by Cooling Type
10.3.8.5.5. Market size and forecast, by Insulation
10.3.8.5.6. Market size and forecast, by Number of Phase
10.3.8.5.7. Market size and forecast, by Application
10.3.8.6. Rest of Europe
10.3.8.6.1. Key market trends, growth factors and opportunities
10.3.8.6.2. Market size and forecast, by Type
10.3.8.6.3. Market size and forecast, by Power Rating
10.3.8.6.4. Market size and forecast, by Cooling Type
10.3.8.6.5. Market size and forecast, by Insulation
10.3.8.6.6. Market size and forecast, by Number of Phase
10.3.8.6.7. Market size and forecast, by Application
10.4. Asia-Pacific
10.4.1. Key trends and opportunities
10.4.2. Market size and forecast, by Type
10.4.3. Market size and forecast, by Power Rating
10.4.4. Market size and forecast, by Cooling Type
10.4.5. Market size and forecast, by Insulation
10.4.6. Market size and forecast, by Number of Phase
10.4.7. Market size and forecast, by Application
10.4.8. Market size and forecast, by country
10.4.8.1. China
10.4.8.1.1. Key market trends, growth factors and opportunities
10.4.8.1.2. Market size and forecast, by Type
10.4.8.1.3. Market size and forecast, by Power Rating
10.4.8.1.4. Market size and forecast, by Cooling Type
10.4.8.1.5. Market size and forecast, by Insulation
10.4.8.1.6. Market size and forecast, by Number of Phase
10.4.8.1.7. Market size and forecast, by Application
10.4.8.2. Japan
10.4.8.2.1. Key market trends, growth factors and opportunities
10.4.8.2.2. Market size and forecast, by Type
10.4.8.2.3. Market size and forecast, by Power Rating
10.4.8.2.4. Market size and forecast, by Cooling Type
10.4.8.2.5. Market size and forecast, by Insulation
10.4.8.2.6. Market size and forecast, by Number of Phase
10.4.8.2.7. Market size and forecast, by Application
10.4.8.3. India
10.4.8.3.1. Key market trends, growth factors and opportunities
10.4.8.3.2. Market size and forecast, by Type
10.4.8.3.3. Market size and forecast, by Power Rating
10.4.8.3.4. Market size and forecast, by Cooling Type
10.4.8.3.5. Market size and forecast, by Insulation
10.4.8.3.6. Market size and forecast, by Number of Phase
10.4.8.3.7. Market size and forecast, by Application
10.4.8.4. South Korea
10.4.8.4.1. Key market trends, growth factors and opportunities
10.4.8.4.2. Market size and forecast, by Type
10.4.8.4.3. Market size and forecast, by Power Rating
10.4.8.4.4. Market size and forecast, by Cooling Type
10.4.8.4.5. Market size and forecast, by Insulation
10.4.8.4.6. Market size and forecast, by Number of Phase
10.4.8.4.7. Market size and forecast, by Application
10.4.8.5. Rest of Asia-Pacific
10.4.8.5.1. Key market trends, growth factors and opportunities
10.4.8.5.2. Market size and forecast, by Type
10.4.8.5.3. Market size and forecast, by Power Rating
10.4.8.5.4. Market size and forecast, by Cooling Type
10.4.8.5.5. Market size and forecast, by Insulation
10.4.8.5.6. Market size and forecast, by Number of Phase
10.4.8.5.7. Market size and forecast, by Application
10.5. LAMEA
10.5.1. Key trends and opportunities
10.5.2. Market size and forecast, by Type
10.5.3. Market size and forecast, by Power Rating
10.5.4. Market size and forecast, by Cooling Type
10.5.5. Market size and forecast, by Insulation
10.5.6. Market size and forecast, by Number of Phase
10.5.7. Market size and forecast, by Application
10.5.8. Market size and forecast, by country
10.5.8.1. Brazil
10.5.8.1.1. Key market trends, growth factors and opportunities
10.5.8.1.2. Market size and forecast, by Type
10.5.8.1.3. Market size and forecast, by Power Rating
10.5.8.1.4. Market size and forecast, by Cooling Type
10.5.8.1.5. Market size and forecast, by Insulation
10.5.8.1.6. Market size and forecast, by Number of Phase
10.5.8.1.7. Market size and forecast, by Application
10.5.8.2. Saudi Arabia
10.5.8.2.1. Key market trends, growth factors and opportunities
10.5.8.2.2. Market size and forecast, by Type
10.5.8.2.3. Market size and forecast, by Power Rating
10.5.8.2.4. Market size and forecast, by Cooling Type
10.5.8.2.5. Market size and forecast, by Insulation
10.5.8.2.6. Market size and forecast, by Number of Phase
10.5.8.2.7. Market size and forecast, by Application
10.5.8.3. UAE
10.5.8.3.1. Key market trends, growth factors and opportunities
10.5.8.3.2. Market size and forecast, by Type
10.5.8.3.3. Market size and forecast, by Power Rating
10.5.8.3.4. Market size and forecast, by Cooling Type
10.5.8.3.5. Market size and forecast, by Insulation
10.5.8.3.6. Market size and forecast, by Number of Phase
10.5.8.3.7. Market size and forecast, by Application
10.5.8.4. Rest of LAMEA
10.5.8.4.1. Key market trends, growth factors and opportunities
10.5.8.4.2. Market size and forecast, by Type
10.5.8.4.3. Market size and forecast, by Power Rating
10.5.8.4.4. Market size and forecast, by Cooling Type
10.5.8.4.5. Market size and forecast, by Insulation
10.5.8.4.6. Market size and forecast, by Number of Phase
10.5.8.4.7. Market size and forecast, by Application
CHAPTER 11: COMPETITIVE LANDSCAPE
11.1. Introduction
11.2. Top winning strategies
11.3. Product Mapping of Top 10 Player
11.4. Competitive Dashboard
11.5. Competitive Heatmap
11.6. Top player positioning, 2021
CHAPTER 12: COMPANY PROFILES
12.1. Eaton Corporation
12.1.1. Company overview
12.1.2. Key Executives
12.1.3. Company snapshot
12.1.4. Operating business segments
12.1.5. Product portfolio
12.1.6. Business performance
12.1.7. Key strategic moves and developments
12.2. schnieder electric
12.2.1. Company overview
12.2.2. Key Executives
12.2.3. Company snapshot
12.2.4. Operating business segments
12.2.5. Product portfolio
12.2.6. Business performance
12.2.7. Key strategic moves and developments
12.3. Siemens AG
12.3.1. Company overview
12.3.2. Key Executives
12.3.3. Company snapshot
12.3.4. Operating business segments
12.3.5. Product portfolio
12.3.6. Business performance
12.3.7. Key strategic moves and developments
12.4. ABB Ltd.
12.4.1. Company overview
12.4.2. Key Executives
12.4.3. Company snapshot
12.4.4. Operating business segments
12.4.5. Product portfolio
12.4.6. Business performance
12.4.7. Key strategic moves and developments
12.5. TOSHIBA CORPORATION
12.5.1. Company overview
12.5.2. Key Executives
12.5.3. Company snapshot
12.5.4. Operating business segments
12.5.5. Product portfolio
12.5.6. Business performance
12.6. Mitsubishi Electric Corporation
12.6.1. Company overview
12.6.2. Key Executives
12.6.3. Company snapshot
12.6.4. Operating business segments
12.6.5. Product portfolio
12.6.6. Business performance
12.6.7. Key strategic moves and developments
12.7. General Electric
12.7.1. Company overview
12.7.2. Key Executives
12.7.3. Company snapshot
12.7.4. Operating business segments
12.7.5. Product portfolio
12.7.6. Business performance
12.7.7. Key strategic moves and developments
12.8. CG Power and Industrial Solutions Ltd
12.8.1. Company overview
12.8.2. Key Executives
12.8.3. Company snapshot
12.8.4. Operating business segments
12.8.5. Product portfolio
12.8.6. Business performance
12.9. SGB-SMIT
12.9.1. Company overview
12.9.2. Key Executives
12.9.3. Company snapshot
12.9.4. Operating business segments
12.9.5. Product portfolio
12.9.6. Key strategic moves and developments
12.10. VTC/GT.
12.10.1. Company overview
12.10.2. Key Executives
12.10.3. Company snapshot
12.10.4. Operating business segments
12.10.5. Product portfolio
12.10.6. Key strategic moves and developments
List of Tables
TABLE 01. GLOBAL TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 02. GLOBAL TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 03. TRANSFORMERS MARKET FOR DISTRIBUTION TRANSFORMER, BY REGION, 2021-2031 ($MILLION)
TABLE 04. TRANSFORMERS MARKET FOR DISTRIBUTION TRANSFORMER, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 05. TRANSFORMERS MARKET FOR POWER TRANSFORMER, BY REGION, 2021-2031 ($MILLION)
TABLE 06. TRANSFORMERS MARKET FOR POWER TRANSFORMER, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 07. TRANSFORMERS MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)
TABLE 08. TRANSFORMERS MARKET FOR OTHERS, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 09. GLOBAL TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 10. GLOBAL TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 11. TRANSFORMERS MARKET FOR SMALL, BY REGION, 2021-2031 ($MILLION)
TABLE 12. TRANSFORMERS MARKET FOR SMALL, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 13. TRANSFORMERS MARKET FOR MEDIUM, BY REGION, 2021-2031 ($MILLION)
TABLE 14. TRANSFORMERS MARKET FOR MEDIUM, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 15. TRANSFORMERS MARKET FOR LARGE, BY REGION, 2021-2031 ($MILLION)
TABLE 16. TRANSFORMERS MARKET FOR LARGE, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 17. GLOBAL TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 18. GLOBAL TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 19. TRANSFORMERS MARKET FOR AIR COOLED, BY REGION, 2021-2031 ($MILLION)
TABLE 20. TRANSFORMERS MARKET FOR AIR COOLED, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 21. TRANSFORMERS MARKET FOR OIL COOLED, BY REGION, 2021-2031 ($MILLION)
TABLE 22. TRANSFORMERS MARKET FOR OIL COOLED, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 23. GLOBAL TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 24. GLOBAL TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 25. TRANSFORMERS MARKET FOR DRY, BY REGION, 2021-2031 ($MILLION)
TABLE 26. TRANSFORMERS MARKET FOR DRY, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 27. TRANSFORMERS MARKET FOR LIQUID IMMERSED, BY REGION, 2021-2031 ($MILLION)
TABLE 28. TRANSFORMERS MARKET FOR LIQUID IMMERSED, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 29. GLOBAL TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 30. GLOBAL TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 31. TRANSFORMERS MARKET FOR THREE PHASE, BY REGION, 2021-2031 ($MILLION)
TABLE 32. TRANSFORMERS MARKET FOR THREE PHASE, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 33. TRANSFORMERS MARKET FOR SINGLE PHASE, BY REGION, 2021-2031 ($MILLION)
TABLE 34. TRANSFORMERS MARKET FOR SINGLE PHASE, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 35. GLOBAL TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 36. GLOBAL TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 37. TRANSFORMERS MARKET FOR UTILITY, BY REGION, 2021-2031 ($MILLION)
TABLE 38. TRANSFORMERS MARKET FOR UTILITY, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 39. TRANSFORMERS MARKET FOR INDUSTRIAL, BY REGION, 2021-2031 ($MILLION)
TABLE 40. TRANSFORMERS MARKET FOR INDUSTRIAL, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 41. TRANSFORMERS MARKET FOR COMMERCIAL AND RESIDENTIAL, BY REGION, 2021-2031 ($MILLION)
TABLE 42. TRANSFORMERS MARKET FOR COMMERCIAL AND RESIDENTIAL, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 43. TRANSFORMERS MARKET, BY REGION, 2021-2031 ($MILLION)
TABLE 44. TRANSFORMERS MARKET, BY REGION, 2021-2031 (MILLION UNITS)
TABLE 45. NORTH AMERICA TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 46. NORTH AMERICA TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 47. NORTH AMERICA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 48. NORTH AMERICA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 49. NORTH AMERICA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 50. NORTH AMERICA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 51. NORTH AMERICA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 52. NORTH AMERICA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 53. NORTH AMERICA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 54. NORTH AMERICA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 55. NORTH AMERICA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 56. NORTH AMERICA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 57. NORTH AMERICA TRANSFORMERS MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 58. NORTH AMERICA TRANSFORMERS MARKET, BY COUNTRY, 2021-2031 (MILLION UNITS)
TABLE 59. U.S. TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 60. U.S. TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 61. U.S. TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 62. U.S. TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 63. U.S. TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 64. U.S. TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 65. U.S. TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 66. U.S. TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 67. U.S. TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 68. U.S. TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 69. U.S. TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 70. U.S. TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 71. CANADA TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 72. CANADA TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 73. CANADA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 74. CANADA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 75. CANADA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 76. CANADA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 77. CANADA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 78. CANADA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 79. CANADA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 80. CANADA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 81. CANADA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 82. CANADA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 83. MEXICO TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 84. MEXICO TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 85. MEXICO TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 86. MEXICO TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 87. MEXICO TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 88. MEXICO TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 89. MEXICO TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 90. MEXICO TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 91. MEXICO TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 92. MEXICO TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 93. MEXICO TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 94. MEXICO TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 95. EUROPE TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 96. EUROPE TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 97. EUROPE TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 98. EUROPE TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 99. EUROPE TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 100. EUROPE TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 101. EUROPE TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 102. EUROPE TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 103. EUROPE TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 104. EUROPE TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 105. EUROPE TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 106. EUROPE TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 107. EUROPE TRANSFORMERS MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 108. EUROPE TRANSFORMERS MARKET, BY COUNTRY, 2021-2031 (MILLION UNITS)
TABLE 109. GERMANY TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 110. GERMANY TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 111. GERMANY TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 112. GERMANY TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 113. GERMANY TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 114. GERMANY TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 115. GERMANY TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 116. GERMANY TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 117. GERMANY TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 118. GERMANY TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 119. GERMANY TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 120. GERMANY TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 121. FRANCE TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 122. FRANCE TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 123. FRANCE TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 124. FRANCE TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 125. FRANCE TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 126. FRANCE TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 127. FRANCE TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 128. FRANCE TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 129. FRANCE TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 130. FRANCE TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 131. FRANCE TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 132. FRANCE TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 133. ITALY TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 134. ITALY TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 135. ITALY TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 136. ITALY TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 137. ITALY TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 138. ITALY TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 139. ITALY TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 140. ITALY TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 141. ITALY TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 142. ITALY TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 143. ITALY TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 144. ITALY TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 145. SPAIN TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 146. SPAIN TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 147. SPAIN TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 148. SPAIN TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 149. SPAIN TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 150. SPAIN TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 151. SPAIN TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 152. SPAIN TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 153. SPAIN TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 154. SPAIN TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 155. SPAIN TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 156. SPAIN TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 157. UK TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 158. UK TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 159. UK TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 160. UK TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 161. UK TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 162. UK TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 163. UK TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 164. UK TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 165. UK TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 166. UK TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 167. UK TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 168. UK TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 169. REST OF EUROPE TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 170. REST OF EUROPE TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 171. REST OF EUROPE TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 172. REST OF EUROPE TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 173. REST OF EUROPE TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 174. REST OF EUROPE TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 175. REST OF EUROPE TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 176. REST OF EUROPE TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 177. REST OF EUROPE TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 178. REST OF EUROPE TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 179. REST OF EUROPE TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 180. REST OF EUROPE TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 181. ASIA-PACIFIC TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 182. ASIA-PACIFIC TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 183. ASIA-PACIFIC TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 184. ASIA-PACIFIC TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 185. ASIA-PACIFIC TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 186. ASIA-PACIFIC TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 187. ASIA-PACIFIC TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 188. ASIA-PACIFIC TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 189. ASIA-PACIFIC TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 190. ASIA-PACIFIC TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 191. ASIA-PACIFIC TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 192. ASIA-PACIFIC TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 193. ASIA-PACIFIC TRANSFORMERS MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 194. ASIA-PACIFIC TRANSFORMERS MARKET, BY COUNTRY, 2021-2031 (MILLION UNITS)
TABLE 195. CHINA TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 196. CHINA TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 197. CHINA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 198. CHINA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 199. CHINA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 200. CHINA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 201. CHINA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 202. CHINA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 203. CHINA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 204. CHINA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 205. CHINA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 206. CHINA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 207. JAPAN TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 208. JAPAN TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 209. JAPAN TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 210. JAPAN TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 211. JAPAN TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 212. JAPAN TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 213. JAPAN TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 214. JAPAN TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 215. JAPAN TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 216. JAPAN TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 217. JAPAN TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 218. JAPAN TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 219. INDIA TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 220. INDIA TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 221. INDIA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 222. INDIA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 223. INDIA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 224. INDIA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 225. INDIA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 226. INDIA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 227. INDIA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 228. INDIA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 229. INDIA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 230. INDIA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 231. SOUTH KOREA TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 232. SOUTH KOREA TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 233. SOUTH KOREA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 234. SOUTH KOREA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 235. SOUTH KOREA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 236. SOUTH KOREA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 237. SOUTH KOREA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 238. SOUTH KOREA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 239. SOUTH KOREA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 240. SOUTH KOREA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 241. SOUTH KOREA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 242. SOUTH KOREA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 243. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 244. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 245. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 246. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 247. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 248. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 249. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 250. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 251. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 252. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 253. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 254. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 255. LAMEA TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 256. LAMEA TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 257. LAMEA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 258. LAMEA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 259. LAMEA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 260. LAMEA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 261. LAMEA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 262. LAMEA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 263. LAMEA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 264. LAMEA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 265. LAMEA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 266. LAMEA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 267. LAMEA TRANSFORMERS MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 268. LAMEA TRANSFORMERS MARKET, BY COUNTRY, 2021-2031 (MILLION UNITS)
TABLE 269. BRAZIL TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 270. BRAZIL TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 271. BRAZIL TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 272. BRAZIL TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 273. BRAZIL TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 274. BRAZIL TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 275. BRAZIL TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 276. BRAZIL TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 277. BRAZIL TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 278. BRAZIL TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 279. BRAZIL TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 280. BRAZIL TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 281. SAUDI ARABIA TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 282. SAUDI ARABIA TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 283. SAUDI ARABIA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 284. SAUDI ARABIA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 285. SAUDI ARABIA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 286. SAUDI ARABIA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 287. SAUDI ARABIA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 288. SAUDI ARABIA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 289. SAUDI ARABIA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 290. SAUDI ARABIA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 291. SAUDI ARABIA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 292. SAUDI ARABIA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 293. UAE TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 294. UAE TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 295. UAE TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 296. UAE TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 297. UAE TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 298. UAE TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 299. UAE TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 300. UAE TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 301. UAE TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 302. UAE TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 303. UAE TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 304. UAE TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 305. REST OF LAMEA TRANSFORMERS MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 306. REST OF LAMEA TRANSFORMERS MARKET, BY TYPE, 2021-2031 (MILLION UNITS)
TABLE 307. REST OF LAMEA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 ($MILLION)
TABLE 308. REST OF LAMEA TRANSFORMERS MARKET, BY POWER RATING, 2021-2031 (MILLION UNITS)
TABLE 309. REST OF LAMEA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 ($MILLION)
TABLE 310. REST OF LAMEA TRANSFORMERS MARKET, BY COOLING TYPE, 2021-2031 (MILLION UNITS)
TABLE 311. REST OF LAMEA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 ($MILLION)
TABLE 312. REST OF LAMEA TRANSFORMERS MARKET, BY INSULATION, 2021-2031 (MILLION UNITS)
TABLE 313. REST OF LAMEA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 ($MILLION)
TABLE 314. REST OF LAMEA TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021-2031 (MILLION UNITS)
TABLE 315. REST OF LAMEA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 316. REST OF LAMEA TRANSFORMERS MARKET, BY APPLICATION, 2021-2031 (MILLION UNITS)
TABLE 317. EATON CORPORATION: KEY EXECUTIVES
TABLE 318. EATON CORPORATION: COMPANY SNAPSHOT
TABLE 319. EATON CORPORATION: PRODUCT SEGMENTS
TABLE 320. EATON CORPORATION: PRODUCT PORTFOLIO
TABLE 321. EATON CORPORATION: KEY STRATERGIES
TABLE 322. SCHNIEDER ELECTRIC: KEY EXECUTIVES
TABLE 323. SCHNIEDER ELECTRIC: COMPANY SNAPSHOT
TABLE 324. SCHNIEDER ELECTRIC: PRODUCT SEGMENTS
TABLE 325. SCHNIEDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 326. SCHNIEDER ELECTRIC: KEY STRATERGIES
TABLE 327. SIEMENS AG: KEY EXECUTIVES
TABLE 328. SIEMENS AG: COMPANY SNAPSHOT
TABLE 329. SIEMENS AG: SERVICE SEGMENTS
TABLE 330. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 331. SIEMENS AG: KEY STRATERGIES
TABLE 332. ABB LTD.: KEY EXECUTIVES
TABLE 333. ABB LTD.: COMPANY SNAPSHOT
TABLE 334. ABB LTD.: PRODUCT SEGMENTS
TABLE 335. ABB LTD.: PRODUCT PORTFOLIO
TABLE 336. ABB LTD.: KEY STRATERGIES
TABLE 337. TOSHIBA CORPORATION: KEY EXECUTIVES
TABLE 338. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 339. TOSHIBA CORPORATION: SERVICE SEGMENTS
TABLE 340. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 341. MITSUBISHI ELECTRIC CORPORATION: KEY EXECUTIVES
TABLE 342. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 343. MITSUBISHI ELECTRIC CORPORATION: PRODUCT SEGMENTS
TABLE 344. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 345. MITSUBISHI ELECTRIC CORPORATION: KEY STRATERGIES
TABLE 346. GENERAL ELECTRIC: KEY EXECUTIVES
TABLE 347. GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 348. GENERAL ELECTRIC: SERVICE SEGMENTS
TABLE 349. GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 350. GENERAL ELECTRIC: KEY STRATERGIES
TABLE 351. CG POWER AND INDUSTRIAL SOLUTIONS LTD: KEY EXECUTIVES
TABLE 352. CG POWER AND INDUSTRIAL SOLUTIONS LTD: COMPANY SNAPSHOT
TABLE 353. CG POWER AND INDUSTRIAL SOLUTIONS LTD: PRODUCT SEGMENTS
TABLE 354. CG POWER AND INDUSTRIAL SOLUTIONS LTD: PRODUCT PORTFOLIO
TABLE 355. SGB-SMIT: KEY EXECUTIVES
TABLE 356. SGB-SMIT: COMPANY SNAPSHOT
TABLE 357. SGB-SMIT: PRODUCT SEGMENTS
TABLE 358. SGB-SMIT: PRODUCT PORTFOLIO
TABLE 359. SGB-SMIT: KEY STRATERGIES
TABLE 360. VTC/GT.: KEY EXECUTIVES
TABLE 361. VTC/GT.: COMPANY SNAPSHOT
TABLE 362. VTC/GT.: PRODUCT SEGMENTS
TABLE 363. VTC/GT.: PRODUCT PORTFOLIO
TABLE 364. VTC/GT.: KEY STRATERGIES
List of Figures
FIGURE 01. TRANSFORMERS MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF TRANSFORMERS MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN TRANSFORMERS MARKET (2022-2031)
FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW BARGAINING POWER OF BUYERS
FIGURE 06. LOW THREAT OF SUBSTITUTES
FIGURE 07. LOW THREAT OF NEW ENTRANTS
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALTRANSFORMERS MARKET
FIGURE 10. PATENT ANALYSIS BY COMPANY
FIGURE 11. PATENT ANALYSIS BY COUNTRY
FIGURE 12. TRANSFORMERS MARKET, BY TYPE, 2021 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR DISTRIBUTION TRANSFORMER, BY COUNTRY 2021-2031 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR POWER TRANSFORMER, BY COUNTRY 2021-2031 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%)
FIGURE 16. TRANSFORMERS MARKET, BY POWER RATING, 2021 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR SMALL, BY COUNTRY 2021-2031 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR MEDIUM, BY COUNTRY 2021-2031 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR LARGE, BY COUNTRY 2021-2031 (%)
FIGURE 20. TRANSFORMERS MARKET, BY COOLING TYPE, 2021 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR AIR COOLED, BY COUNTRY 2021-2031 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR OIL COOLED, BY COUNTRY 2021-2031 (%)
FIGURE 23. TRANSFORMERS MARKET, BY INSULATION, 2021 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR DRY, BY COUNTRY 2021-2031 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR LIQUID IMMERSED, BY COUNTRY 2021-2031 (%)
FIGURE 26. TRANSFORMERS MARKET, BY NUMBER OF PHASE, 2021 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR THREE PHASE, BY COUNTRY 2021-2031 (%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR SINGLE PHASE, BY COUNTRY 2021-2031 (%)
FIGURE 29. TRANSFORMERS MARKET, BY APPLICATION, 2021 (%)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR UTILITY, BY COUNTRY 2021-2031 (%)
FIGURE 31. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR INDUSTRIAL, BY COUNTRY 2021-2031 (%)
FIGURE 32. COMPARATIVE SHARE ANALYSIS OF TRANSFORMERS MARKET FOR COMMERCIAL AND RESIDENTIAL, BY COUNTRY 2021-2031 (%)
FIGURE 33. TRANSFORMERS MARKET BY REGION, 2021
FIGURE 34. U.S. TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 35. CANADA TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 36. MEXICO TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 37. GERMANY TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 38. FRANCE TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 39. ITALY TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 40. SPAIN TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 41. UK TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 42. REST OF EUROPE TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 43. CHINA TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 44. JAPAN TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 45. INDIA TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 46. SOUTH KOREA TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 47. REST OF ASIA-PACIFIC TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 48. BRAZIL TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 49. SAUDI ARABIA TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 50. UAE TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 51. REST OF LAMEA TRANSFORMERS MARKET, 2021-2031 ($MILLION)
FIGURE 52. TOP WINNING STRATEGIES, BY YEAR
FIGURE 53. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 54. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 55. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 56. COMPETITIVE DASHBOARD
FIGURE 57. COMPETITIVE HEATMAP: TRANSFORMERS MARKET
FIGURE 58. TOP PLAYER POSITIONING, 2021
FIGURE 59. EATON CORPORATION: NET SALES, 2019-2021 ($MILLION)
FIGURE 60. EATON CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 61. EATON CORPORATION: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 62. EATON CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 63. SIEMENS AG: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 64. SIEMENS AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 65. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 66. SIEMENS AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 67. ABB LTD.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 68. ABB LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 69. ABB LTD.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 70. ABB LTD.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 71. TOSHIBA CORPORATION: NET SALES, 2019-2021 ($MILLION)
FIGURE 72. TOSHIBA CORPORATION: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 73. TOSHIBA CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 74. MITSUBISHI ELECTRIC CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022
FIGURE 75. MITSUBISHI ELECTRIC CORPORATION: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 76. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 77. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 78. GENERAL ELECTRIC: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 79. GENERAL ELECTRIC: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 80. GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 81. GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2022 (%)

Executive Summary

According to the report titled, “Transformers Market," the transformers market was valued at $58.6 billion in 2021, and is estimated to reach $103 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.

A transformer is a device which transfers electrical energy from one circuit to another through inductively coupled conductors. In 1831, Michael Faraday constructed the apparatus and invented electromagnetic induction device which contained all basic elements of transformer. During half-century, several induction devices were constructed which were similar to the heavy-current transformer, however all were different in their construction or operating method. On the basis of differences in design and construction method, the transformer design was regarded as an independent invention.

Increase in applications of transformers in utility areas is expected to fuel the global transformers market size in the near future. Moreover, growth in demand for electricity and power and rise in smart grid projects are factors that drive the global transformers market growth. As per global transformers market forecast, surge in sales of electric vehicles across the U.S., China and Europe increases the demand for electric vehicle fueling stations which in turn is expected to create global transformers market opportunity. Some of the restraints associated with the market are risks associated with high DC voltages. This is expected to hamper the market growth.

The transformers market is segmented on the basis of type, power rating, cooling type, number of phase, insulation, application, and region. On the basis of type, it is categorized into distribution transformer power transformer, and others. On the basis of power rating, it is classified into small, medium, and large. On the basis of cooling type, it is bifurcated into oil cooled, and air cooled. On the basis of number of phase, it is divided into single phase and three phase. On the basis of insulation segmentation, it is bifurcated into two types- dry and liquid immersed insulation. On the basis of application, it is classified into commercial, and residential sector, utility, and industrial sector. Region-wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

On the basis of type, the distribution transformers segment held the highest market share of about 56.88% in 2021 and is expected to maintain its dominance during the forecast period. This is attributed to rise in demand for distribution transformers from various applications, including residential, commercial, and industrial sector, and others.

On the basis of power rating, the small segment held the highest market share of about 47.87% in 2021 and is expected to maintain its dominance during the forecast period.. Small transformers are utilized for power distribution in rural regions, which increases the dominance of the small segment in the market.

By cooling type, the air-cooled segment held the largest share in 2021, in terms of revenue, and is expected to grow at a CAGR of 6.3%, owing to increase in usage for air-cooled cooling types of transformers in renewable energy projects across the US. In addition, advantages associated with air cooled, including cost effectiveness, efficiency, and resistance toward both, horizontal and vertical surfaces are expected to fuel the growth of the market during the forecast period.

On the basis of insulation, the dry segment held the highest market share of about 54.68% in 2021 and is expected to maintain its dominance during the forecast period. Dry transformers are safe, ecofriendly and also lower the wastage of energy during the transmission which contribute to the growth of dry segment in global transformer market.

On the basis of number of phase, three phase segment held the highest market share of about 57.27% in 2021 and is expected to maintain its dominance during the forecast period. The tree phase transformers are highly acceptable in the industrial and utility sector to transfer and storage of high voltage energy.

On the basis of application, the utility segment held the largest share in 2021, in terms of revenue, and is expected to grow at a CAGR of 6.3%, due to rise in demand for transformers in utility sector for conversion of higher voltage to medium level voltage is anticipated to drive the growth of the market in the coming years.

On the basis of region, Asia-Pacific held 35.12% share in terms of revenue and is anticipated to grow at a CAGR of 6.4% during the forecast period. Future developments in China and India solar industry and rise in investment toward smart grids projects are projected to drive the growth of the transformer market in the region. LAMEA region is growing with the highest CAGR of 6.6% in the forecasted period as countries are involved in power transition and increasing demand for electricity in manufacturing industries.

The global transformers market analysis covers in-depth information of the major transformers industry participants. The key players operating and profiled in the report include ABB Ltd., Siemens AG, General Electric, Eaton., TOSHIBA CORPORATION, Schneider Electric, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd., VTC/GT, and SGB SMIT.

Key findings

  • In 2021, the distribution transformers segment accounted for about half of the share in the global transformers market and is expected to maintain its dominance during the forecast period.
  • In 2021, the small power rating transformers segment accounted for more than 40% market share and is anticipated to grow at a rate of 5.6% in terms of revenue
  • In 2021, the air-cooled segment accounted for more than 60% market share and is anticipated to grow at a rate of 6.3% in terms of revenue
  • Utility sector is the rapidly growing segment in the global transformers market and is expected to grow at a CAGR of 6.3% during 2022-2031
  • In 2021, Asia-Pacific dominated the global transformers market with more than 35% of the share, in terms of revenue

Companies Mentioned

  • VTC/GT.
  • Eaton Corporation
  • General Electric
  • Mitsubishi Electric Corporation
  • Siemens AG
  • SGB-SMIT
  • ABB Ltd.
  • schnieder electric
  • TOSHIBA CORPORATION
  • CG Power and Industrial Solutions Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages756
PublishedFebruary 2023
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 58.6 billion
Forecasted Market Value ( USD ) by 2031 $ 103 billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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