Analysts’ Viewpoint on Market Scenario
Rise in adoption of renewable energy and increase in demand for continuous and reliable electricity supply are driving the global transformer market size. Companies in the market are focusing on high-growth industries such as oil & gas, automotive & transportation, and metals & mining to expand their business post the peak of the COVID-19 pandemic.
Continuous technological innovations in electronic transformers are expected to fuel the market during the forecast period. Key players in the market are developing light weight and compact transformers with improved safety, increased capacity, and lower energy losses. They are also developing industry-specific transformers, such as arc furnace transformers and rectifier transformers, primarily to differentiate their products from competitors.
Transformer is a device that converts electric energy from one alternating current circuit to one or more other circuits by increasing (stepping up) or decreasing (stepping down) the voltage. Power transformers, distribution transformers, instrument transformers, and electronic transformers are some of the types of transformers available in the market. Transformers are used in various applications such as power generation, distribution, transmission, and usage. They are employed in various residential and industrial applications, primarily in distribution and regulation of power over long distances.
The operation principle of all types of transformers designed for different applications such as electromagnetic induction is the same, while their applications vary depending on system requirements. Novel approaches in technology are expected to drive the future of the transformer industry. These approaches include the usage of high-temperature materials to provide users with a variety of economic, environmental, and safety benefits.
Depletion of fossil fuels and rise in implementation of government regulations to promote the adoption of renewable energy are expected to propel the demand for transformer during the forecast period. Rise in power consumption and increase in public-private investment in the renewable energy sector are also contributing to market growth. In the renewable sector, transformer is used to convert direct current (DC) power generated by an energy-harvesting device to alternating current (AC) electricity for usage in homes, businesses, and electrical grid environments.
According to the International Energy Agency (IEA), the usage of renewable energy rose by 3% in 2020, while demand for all other fuels decreased. Solar PV and wind power are significant contributors to the demand for renewable energy. China alone accounted for nearly half of the global increase in renewable electricity, followed by the U.S., the EU, and India, in 2021. Renewable energy has been the fastest-growing energy source in the U.S. over the last few decades. In 2020, renewables accounted for about 20% of utility-scale electricity generation in the country, with hydropower (7.3%) and wind power (8.4%) constituting the majority of the share.
Rapid industrialization and urbanization is significantly contributing to the rise in demand for power in developing economies. Additionally, increase in infrastructure expenditure in Asia Pacific has led to a surge in energy consumption. According to the IEA, demand for electricity in Asia Pacific increased by approximately 8% in 2021, up from 2% in 2020. This rise in demand for energy was primarily driven by China and India; the two countries recorded an increase of 10% in 2021.
According to the National Energy Administration (NEA), total power consumed in China reached 8.31 trillion kilowatt-hours (kWh) in 2021. The figure represented 14.7% growth from that in 2019, bringing the two-year average rise to 7.1%. However, high initial investment is expected to restrain the global market.
In terms of type, the global transformer market has been segmented into power transformer, distribution transformer, instrument transformer, electronic transformer, and others. The power transformer segment contributed approximately 40% share of the global market in 2021, owing to the rise in adoption of renewable energy such as solar and wind power and increase in demand for micro-grid operations. Power transformer is primarily used in power generation and transmission to step up or step down voltage. It is employed in several industries including metal & mining and oil & gas.
Based on cooling, the global transformer market has been classified into dry type and oil immersed. The oil immersed segment held the largest share of nearly 67% of the global market 2021. Oil immersed transformer is used in power distribution and electrical substations. It has a higher standard of energy efficiency; as a result, it has a longer lifespan than the dry type.
The oil in oil immersed transformer acts as a cooling agent, keeping the machine's heat under control. When using an oil immersed transformer, the heat created by the coil and iron core is transported first to the insulating oil and then to the cooling medium. Siemens Energy is one of the key players providing oil immersed transformers. It offers FITformer Fluid-immersed Distribution Transformers for superior reliability, efficiency, and environmental performance.
Asia Pacific dominated the global transformer market in 2021, due to rapid industrialization in the region. The market in the region is also expected to record the fastest growth rate during the forecast period, owing to the substantial increase in demand for electricity in China, Japan, and India.
North America held the second largest share of nearly 31% of the global market in 2021. Growth of the market in the region can be ascribed to the presence of key players and early adoption of advanced technologies in the power industry. The U.S. constituted the largest share of the market in North America in 2021, led by the rise in investments in R&D of novel transformers in the country. Demand for transformer is higher in Middle East & Africa than that in South America; however, the market in South America is estimated to grow at a faster pace compared to that in Middle East & Africa.
The global transformer market is consolidated, with a small number of large-scale vendors controlling majority of the share. Key players in the transformer manufacturing industry are investing significantly in comprehensive research and development of new products. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by players. Eaton, GE, Hitachi Energy Ltd., HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD., Kirloskar Electric Company, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens Energy, TDK Corporation, and Toshiba Energy Systems & Solutions Corporation are prominent entities operating in this market. The global transformer market report concludes with key insights in the large power transformers market, transformer monitoring systems (TMS) market, and distribution transformer market.
Each of these players has been profiled in the transformer market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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Attribute |
Detail |
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Market Size Value in 2021 |
US$ 28.26 Bn |
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Market Forecast Value in 2031 |
US$ 48.11 Bn |
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Growth Rate (CAGR) |
5.7% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2017–2020 |
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Quantitative Units |
US$ Bn for Value and Thousand Units for Volume |
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Market Analysis |
It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
|
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Companies Profiled |
|
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Customization Scope |
Available upon request |
|
Pricing |
Available upon request |
The global market was valued at US$ 28.26 Bn in 2021.
The global market is expected to grow at a CAGR of 5.7% by 2031.
The market is expected to reach US$ 48.11 Bn by 2031.
The U.S. recorded approximately 24% share of the global transformer market in 2021.
The power transformer segment is expected to hold approximately 40% share of the global market during the forecast period.
Increase in generation of renewable energy and rise in demand for energy in developing economies.
Asia Pacific is a more lucrative region in the market.
Eaton, GE, Hitachi Energy Ltd., HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD., Kirloskar Electric Company, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens Energy, TDK Corporation, and Toshiba Energy Systems & Solutions Corporation.
1. Preface
1.1. Market Introduction
1.2. Market and Segment Definitions
1.3. Market Taxonomy
1.4. Research Methodology
1.5. Assumption and Acronyms
2. Executive Summary
2.1. Global Transformer Market Overview
2.2. Regional Outline
2.3. Industry Outline
2.4. Market Dynamics Snapshot
2.5. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Drivers
3.3. Restraints
3.4. Opportunities
3.5. Key Trends
3.6. Regulatory Scenario
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview – Global Power Industry Overview
4.2. Supply Chain Analysis
4.3. Pricing Trend Analysis
4.4. Technology Roadmap Analysis
4.5. Industry SWOT Analysis
4.6. Porter Five Forces Analysis
4.7. Covid-19 Impact and Recovery Analysis
5. Transformer Market Analysis By Type
5.1. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Type, 2017–2031
5.1.1. Power Transformer
5.1.2. Distribution Transformer
5.1.3. Instrument Transformer
5.1.4. Electronic Transformer
5.1.5. Others
5.2. Market Attractiveness Analysis, By Type
6. Transformer Market Analysis By Voltage Range
6.1. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Voltage Range, 2017–2031
6.1.1. Up to 500 VA
6.1.2. 501 VA to 1 kVA
6.1.3. 2 kVA to 5000 kVA
6.1.4. 5001 kVA to 1000 MVA
6.1.5. 1001 MVA to 1500 MVA
6.1.6. Above 1500 MVA
6.2. Market Attractiveness Analysis, By Voltage Range
7. Transformer Market Analysis By Cooling
7.1. Transformer Market Size (US$ Bn) Analysis & Forecast, By Cooling, 2017–2031
7.1.1. Dry Type
7.1.2. Oil Immersed
7.2. Market Attractiveness Analysis, By Cooling
8. Transformer Market Analysis By Phase
8.1. Transformer Market Size (US$ Bn) Analysis & Forecast, By Phase, 2017–2031
8.1.1. Single Phase
8.1.2. Three Phase
8.2. Market Attractiveness Analysis, By Phase
9. Transformer Market Analysis By Application
9.1. Transformer Market Size (US$ Bn) Analysis & Forecast, By Application, 2017–2031
9.1.1. Residential
9.1.2. Commercial
9.1.3. Industrial
9.1.3.1. Automotive & Transportation
9.1.3.2. Oil & Gas
9.1.3.3. Aerospace & Defense
9.1.3.4. Metal & Mining
9.1.3.5. IT & Telecommunication
9.1.3.6. Chemicals
9.1.3.7. Others
9.2. Market Attractiveness Analysis, By Application
10. Transformer Market Analysis and Forecast, By Region
10.1. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Region, 2017–2031
10.1.1. North America
10.1.2. Europe
10.1.3. Asia Pacific
10.1.4. Middle East & Africa
10.1.5. South America
10.2. Market Attractiveness Analysis, By Region
11. North America Transformer Market Analysis and Forecast
11.1. Market Snapshot
11.2. Drivers and Restraints: Impact Analysis
11.3. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Type, 2017–2031
11.3.1. Power Transformer
11.3.2. Distribution Transformer
11.3.3. Instrument Transformer
11.3.4. Electronic Transformer
11.3.5. Others
11.4. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Voltage Range, 2017–2031
11.4.1. Up to 500 VA
11.4.2. 501 VA to 1 kVA
11.4.3. 2 kVA to 5000 kVA
11.4.4. 5001 kVA to 1000 MVA
11.4.5. 1001 MVA to 1500 MVA
11.4.6. Above 1500 MVA
11.5. Transformer Market Size (US$ Bn) Analysis & Forecast, By Cooling, 2017–2031
11.5.1. Dry Type
11.5.2. Oil Immersed
11.6. Transformer Market Size (US$ Bn) Analysis & Forecast, By Phase, 2017–2031
11.6.1. Single Phase
11.6.2. Three Phase
11.7. Transformer Market Size (US$ Bn) Analysis & Forecast, By Application, 2017–2031
11.7.1. Residential
11.7.2. Commercial
11.7.3. Industrial
11.7.3.1. Automotive & Transportation
11.7.3.2. Oil & Gas
11.7.3.3. Aerospace & Defense
11.7.3.4. Metal & Mining
11.7.3.5. IT & Telecommunication
11.7.3.6. Chemicals
11.7.3.7. Others
11.8. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
11.8.1. The U.S.
11.8.2. Canada
11.8.3. Rest of North America
11.9. Market Attractiveness Analysis
11.9.1. By Type
11.9.2. By Voltage Range
11.9.3. By Cooling
11.9.4. By Phase
11.9.5. By Application
11.9.6. By Country/Sub-region
12. Europe Transformer Market Analysis and Forecast
12.1. Market Snapshot
12.2. Drivers and Restraints: Impact Analysis
12.3. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Type, 2017–2031
12.3.1. Power Transformer
12.3.2. Distribution Transformer
12.3.3. Instrument Transformer
12.3.4. Electronic Transformer
12.3.5. Others
12.4. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Voltage Range, 2017–2031
12.4.1. Up to 500 VA
12.4.2. 501 VA to 1 kVA
12.4.3. 2 kVA to 5000 kVA
12.4.4. 5001 kVA to 1000 MVA
12.4.5. 1001 MVA to 1500 MVA
12.4.6. Above 1500 MVA
12.5. Transformer Market Size (US$ Bn) Analysis & Forecast, By Cooling, 2017–2031
12.5.1. Dry Type
12.5.2. Oil Immersed
12.6. Transformer Market Size (US$ Bn) Analysis & Forecast, By Phase, 2017–2031
12.6.1. Single Phase
12.6.2. Three Phase
12.7. Transformer Market Size (US$ Bn) Analysis & Forecast, By Application, 2017–2031
12.7.1. Residential
12.7.2. Commercial
12.7.3. Industrial
12.7.3.1. Automotive & Transportation
12.7.3.2. Oil & Gas
12.7.3.3. Aerospace & Defense
12.7.3.4. Metal & Mining
12.7.3.5. IT & Telecommunication
12.7.3.6. Chemicals
12.7.3.7. Others
12.8. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
12.8.1. The U.K.
12.8.2. Germany
12.8.3. France
12.8.4. Rest of Europe
12.9. Market Attractiveness Analysis
12.9.1. By Type
12.9.2. By Voltage Range
12.9.3. By Cooling
12.9.4. By Phase
12.9.5. By Application
12.9.6. By Country/Sub-region
13. Asia Pacific Transformer Market Analysis and Forecast
13.1. Market Snapshot
13.2. Drivers and Restraints: Impact Analysis
13.3. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Type, 2017–2031
13.3.1. Power Transformer
13.3.2. Distribution Transformer
13.3.3. Instrument Transformer
13.3.4. Electronic Transformer
13.3.5. Others
13.4. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Voltage Range, 2017–2031
13.4.1. Up to 500 VA
13.4.2. 501 VA to 1 kVA
13.4.3. 2 kVA to 5000 kVA
13.4.4. 5001 kVA to 1000 MVA
13.4.5. 1001 MVA to 1500 MVA
13.4.6. Above 1500 MVA
13.5. Transformer Market Size (US$ Bn) Analysis & Forecast, By Cooling, 2017–2031
13.5.1. Dry Type
13.5.2. Oil Immersed
13.6. Transformer Market Size (US$ Bn) Analysis & Forecast, By Phase, 2017–2031
13.6.1. Single Phase
13.6.2. Three Phase
13.7. Transformer Market Size (US$ Bn) Analysis & Forecast, By Application, 2017–2031
13.7.1. Residential
13.7.2. Commercial
13.7.3. Industrial
13.7.3.1. Automotive & Transportation
13.7.3.2. Oil & Gas
13.7.3.3. Aerospace & Defense
13.7.3.4. Metal & Mining
13.7.3.5. IT & Telecommunication
13.7.3.6. Chemicals
13.7.3.7. Others
13.8. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
13.8.1. China
13.8.2. Japan
13.8.3. India
13.8.4. South Korea
13.8.5. ASEAN
13.8.6. Rest of Asia Pacific
13.9. Market Attractiveness Analysis
13.9.1. By Type
13.9.2. By Voltage Range
13.9.3. By Cooling
13.9.4. By Phase
13.9.5. By Application
13.9.6. By Country/Sub-region
14. Middle East and Africa Transformer Market Analysis and Forecast
14.1. Market Snapshot
14.2. Drivers and Restraints: Impact Analysis
14.3. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Type, 2017–2031
14.3.1. Power Transformer
14.3.2. Distribution Transformer
14.3.3. Instrument Transformer
14.3.4. Electronic Transformer
14.3.5. Others
14.4. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Voltage Range, 2017–2031
14.4.1. Up to 500 VA
14.4.2. 501 VA to 1 kVA
14.4.3. 2 kVA to 5000 kVA
14.4.4. 5001 kVA to 1000 MVA
14.4.5. 1001 MVA to 1500 MVA
14.4.6. Above 1500 MVA
14.5. Transformer Market Size (US$ Bn) Analysis & Forecast, By Cooling, 2017–2031
14.5.1. Dry Type
14.5.2. Oil Immersed
14.6. Transformer Market Size (US$ Bn) Analysis & Forecast, By Phase, 2017–2031
14.6.1. Single Phase
14.6.2. Three Phase
14.7. Transformer Market Size (US$ Bn) Analysis & Forecast, By Application, 2017–2031
14.7.1. Residential
14.7.2. Commercial
14.7.3. Industrial
14.7.3.1. Automotive & Transportation
14.7.3.2. Oil & Gas
14.7.3.3. Aerospace & Defense
14.7.3.4. Metal & Mining
14.7.3.5. IT & Telecommunication
14.7.3.6. Chemicals
14.7.3.7. Others
14.8. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
14.8.1. GCC
14.8.2. South Africa
14.8.3. Rest of Middle East and Africa
14.9. Market Attractiveness Analysis
14.9.1. By Type
14.9.2. By Voltage Range
14.9.3. By Cooling
14.9.4. By Phase
14.9.5. By Application
14.9.6. By Country/Sub-region
15. South America Transformer Market Analysis and Forecast
15.1. Market Snapshot
15.2. Drivers and Restraints: Impact Analysis
15.3. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Type, 2017–2031
15.3.1. Power Transformer
15.3.2. Distribution Transformer
15.3.3. Instrument Transformer
15.3.4. Electronic Transformer
15.3.5. Others
15.4. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Voltage Range, 2017–2031
15.4.1. Up to 500 VA
15.4.2. 501 VA to 1 kVA
15.4.3. 2 kVA to 5000 kVA
15.4.4. 5001 kVA to 1000 MVA
15.4.5. 1001 MVA to 1500 MVA
15.4.6. Above 1500 MVA
15.5. Transformer Market Size (US$ Bn) Analysis & Forecast, By Cooling, 2017–2031
15.5.1. Dry Type
15.5.2. Oil Immersed
15.6. Transformer Market Size (US$ Bn) Analysis & Forecast, By Phase, 2017–2031
15.6.1. Single Phase
15.6.2. Three Phase
15.7. Transformer Market Size (US$ Bn) Analysis & Forecast, By Application, 2017–2031
15.7.1. Residential
15.7.2. Commercial
15.7.3. Industrial
15.7.3.1. Automotive & Transportation
15.7.3.2. Oil & Gas
15.7.3.3. Aerospace & Defense
15.7.3.4. Metal & Mining
15.7.3.5. IT & Telecommunication
15.7.3.6. Chemicals
15.7.3.7. Others
15.8. Transformer Market Size (US$ Bn) and Volume (Thousand Units) Analysis & Forecast, By Country and Sub-region, 2017–2031
15.8.1. Brazil
15.8.2. Rest of South America
15.9. Market Attractiveness Analysis
15.9.1. By Type
15.9.2. By Voltage Range
15.9.3. By Cooling
15.9.4. By Phase
15.9.5. By Application
15.9.6. By Country/Sub-region
16. Competition Assessment
16.1. Global Transformer Market Competition Matrix - a Dashboard View
16.1.1. Global Transformer Market Company Share Analysis, by Value (2021)
16.1.2. Technological Differentiator
17. Company Profiles (Global Manufacturers/Suppliers)
17.1. Eaton
17.1.1. Overview
17.1.2. Product Portfolio
17.1.3. Sales Footprint
17.1.4. Key Subsidiaries or Distributors
17.1.5. Strategy and Recent Developments
17.1.6. Key Financials
17.2. GE
17.2.1. Overview
17.2.2. Product Portfolio
17.2.3. Sales Footprint
17.2.4. Key Subsidiaries or Distributors
17.2.5. Strategy and Recent Developments
17.2.6. Key Financials
17.3. Hitachi Energy Ltd.
17.3.1. Overview
17.3.2. Product Portfolio
17.3.3. Sales Footprint
17.3.4. Key Subsidiaries or Distributors
17.3.5. Strategy and Recent Developments
17.3.6. Key Financials
17.4. HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD.
17.4.1. Overview
17.4.2. Product Portfolio
17.4.3. Sales Footprint
17.4.4. Key Subsidiaries or Distributors
17.4.5. Strategy and Recent Developments
17.4.6. Key Financials
17.5. Kirloskar Electric Company
17.5.1. Overview
17.5.2. Product Portfolio
17.5.3. Sales Footprint
17.5.4. Key Subsidiaries or Distributors
17.5.5. Strategy and Recent Developments
17.5.6. Key Financials
17.6. Mitsubishi Electric Corporation
17.6.1. Overview
17.6.2. Product Portfolio
17.6.3. Sales Footprint
17.6.4. Key Subsidiaries or Distributors
17.6.5. Strategy and Recent Developments
17.6.6. Key Financials
17.7. Rockwell Automation, Inc.
17.7.1. Overview
17.7.2. Product Portfolio
17.7.3. Sales Footprint
17.7.4. Key Subsidiaries or Distributors
17.7.5. Strategy and Recent Developments
17.7.6. Key Financials
17.8. Schneider Electric
17.8.1. Overview
17.8.2. Product Portfolio
17.8.3. Sales Footprint
17.8.4. Key Subsidiaries or Distributors
17.8.5. Strategy and Recent Developments
17.8.6. Key Financials
17.9. Siemens Energy
17.9.1. Overview
17.9.2. Product Portfolio
17.9.3. Sales Footprint
17.9.4. Key Subsidiaries or Distributors
17.9.5. Strategy and Recent Developments
17.9.6. Key Financials
17.10. TDK Corporation
17.10.1. Overview
17.10.2. Product Portfolio
17.10.3. Sales Footprint
17.10.4. Key Subsidiaries or Distributors
17.10.5. Strategy and Recent Developments
17.10.6. Key Financials
17.11. Toshiba Energy Systems & Solutions Corporation
17.11.1. Overview
17.11.2. Product Portfolio
17.11.3. Sales Footprint
17.11.4. Key Subsidiaries or Distributors
17.11.5. Strategy and Recent Developments
17.11.6. Key Financials
18. Recommendation
18.1. Opportunity Assessment
18.1.1. By Type
18.1.2. By Voltage Range
18.1.3. By Cooling
18.1.4. By Phase
18.1.5. By Application
18.1.6. By Region
List of Tables
Table 1: Global Transformer Market Size & Forecast, By Type, Value (US$ Bn), 2017-2031
Table 2: Global Transformer Market Size & Forecast, By Type, Volume (Thousand Units), 2017-2031
Table 3: Global Transformer Market Size & Forecast, By Voltage Range, Value (US$ Bn), 2017-2031
Table 4: Global Transformer Market Size & Forecast, By Voltage Range, Volume (Thousand Units), 2017-2031
Table 5: Global Transformer Market Size & Forecast, By Cooling, Value (US$ Bn), 2017-2031
Table 6: Global Transformer Market Size & Forecast, By Phase, Value (US$ Bn), 2017-2031
Table 7: Global Transformer Market Size & Forecast, By Application, Value (US$ Bn), 2017-2031
Table 8: Global Transformer Market Size & Forecast, By Industrial, Value (US$ Bn), 2017-2031
Table 9: Global Transformer Market Size & Forecast, By Region, Value (US$ Bn), 2017-2031
Table 10: Global Transformer Market Size & Forecast, By Region, Volume (Thousand Units), 2017-2031
Table 11: North America Transformer Market Size & Forecast, By Type, Value (US$ Bn), 2017-2031
Table 12: North America Transformer Market Size & Forecast, By Type, Volume (Thousand Units), 2017-2031
Table 13: North America Transformer Market Size & Forecast, By Voltage Range, Value (US$ Bn), 2017-2031
Table 14: North America Transformer Market Size & Forecast, By Voltage Range, Volume (Thousand Units), 2017-2031
Table 15: North America Transformer Market Size & Forecast, By Cooling, Value (US$ Bn), 2017-2031
Table 16: North America Transformer Market Size & Forecast, By Phase, Value (US$ Bn), 2017-2031
Table 17: North America Transformer Market Size & Forecast, By Application, Value (US$ Bn), 2017-2031
Table 18: North America Transformer Market Size & Forecast, By Industrial, Value (US$ Bn), 2017-2031
Table 19: North America Transformer Market Size & Forecast, By Country Value (US$ Bn), 2017-2031
Table 20: North America Transformer Market Size & Forecast, By Country Volume (Thousand Units), 2017-2031
Table 21: Europe Transformer Market Size & Forecast, By Type, Value (US$ Bn), 2017-2031
Table 22: Europe Transformer Market Size & Forecast, By Type, Volume (Thousand Units), 2017-2031
Table 23: Europe Transformer Market Size & Forecast, By Voltage Range, Value (US$ Bn), 2017-2031
Table 24: Europe Transformer Market Size & Forecast, By Voltage Range, Volume (Thousand Units), 2017-2031
Table 25: Europe Transformer Market Size & Forecast, By Cooling, Value (US$ Bn), 2017-2031
Table 26: Europe Transformer Market Size & Forecast, By Phase, Value (US$ Bn), 2017-2031
Table 27: Europe Transformer Market Size & Forecast, By Application, Value (US$ Bn), 2017-2031
Table 28: Europe Transformer Market Size & Forecast, By Industrial, Value (US$ Bn), 2017-2031
Table 29: Europe Transformer Market Size & Forecast, By Country Value (US$ Bn), 2017-2031
Table 30: Europe Transformer Market Size & Forecast, By Country Volume (Thousand Units), 2017-2031
Table 31: Asia Pacific Transformer Market Size & Forecast, By Type, Value (US$ Bn), 2017-2031
Table 32: Asia Pacific Transformer Market Size & Forecast, By Type, Volume (Thousand Units), 2017-2031
Table 33: Asia Pacific Transformer Market Size & Forecast, By Voltage Range, Value (US$ Bn), 2017-2031
Table 34: Asia Pacific Transformer Market Size & Forecast, By Voltage Range, Volume (Thousand Units), 2017-2031
Table 35: Asia Pacific Transformer Market Size & Forecast, By Cooling, Value (US$ Bn), 2017-2031
Table 36: Asia Pacific Transformer Market Size & Forecast, By Phase, Value (US$ Bn), 2017-2031
Table 37: Asia Pacific Transformer Market Size & Forecast, By Application, Value (US$ Bn), 2017-2031
Table 38: Asia Pacific Transformer Market Size & Forecast, By Industrial, Value (US$ Bn), 2017-2031
Table 39: Asia Pacific Transformer Market Size & Forecast, By Country Value (US$ Bn), 2017-2031
Table 40: Asia Pacific Transformer Market Size & Forecast, By Country Volume (Thousand Units), 2017-2031
Table 41: Middle East & Africa Transformer Market Size & Forecast, By Type, Value (US$ Bn), 2017-2031
Table 42: Middle East & Africa Transformer Market Size & Forecast, By Type, Volume (Thousand Units), 2017-2031
Table 43: Middle East & Africa Transformer Market Size & Forecast, By Voltage Range, Value (US$ Bn), 2017-2031
Table 44: Middle East & Africa Transformer Market Size & Forecast, By Voltage Range, Volume (Thousand Units), 2017-2031
Table 45: Middle East & Africa Transformer Market Size & Forecast, By Cooling, Value (US$ Bn), 2017-2031
Table 46: Middle East & Africa Transformer Market Size & Forecast, By Phase, Value (US$ Bn), 2017-2031
Table 47: Middle East & Africa Transformer Market Size & Forecast, By Application, Value (US$ Bn), 2017-2031
Table 48: Middle East & Africa Transformer Market Size & Forecast, By Industrial, Value (US$ Bn), 2017-2031
Table 49: Middle East & Africa Transformer Market Size & Forecast, By Country Value (US$ Bn), 2017-2031
Table 50: Middle East & Africa Transformer Market Size & Forecast, By Country Volume (Thousand Units), 2017-2031
Table 51: South America Transformer Market Size & Forecast, By Type, Value (US$ Bn), 2017-2031
Table 52: South America Transformer Market Size & Forecast, By Type, Volume (Thousand Units), 2017-2031
Table 53: South America Transformer Market Size & Forecast, By Voltage Range, Value (US$ Bn), 2017-2031
Table 54: South America Transformer Market Size & Forecast, By Voltage Range, Volume (Thousand Units), 2017-2031
Table 55: South America Transformer Market Size & Forecast, By Cooling, Value (US$ Bn), 2017-2031
Table 56: South America Transformer Market Size & Forecast, By Phase, Value (US$ Bn), 2017-2031
Table 57: South America Transformer Market Size & Forecast, By Application, Value (US$ Bn), 2017-2031
Table 58: South America Transformer Market Size & Forecast, By Industrial, Value (US$ Bn), 2017-2031
Table 59: South America Transformer Market Size & Forecast, By Country Value (US$ Bn), 2017-2031
Table 60: South America Transformer Market Size & Forecast, By Country Volume (Thousand Units), 2017-2031
List of Figures
Figure 01: Global Transformer Market Share Analysis, by Region
Figure 02:Global Transformer Price Trend Analysis (Average Price, Thousand US$)
Figure 03: Global Transformer Market, Value (US$ Bn), 2017-2031
Figure 04: Global Transformer Market, Volume (Thousand Units), 2017-2031
Figure 05: Global Transformer Market Size & Forecast, By Type, Revenue (US$ Bn), 2017-2031
Figure 06: Global Transformer Market Share Analysis, by Type, 2022 and 2031
Figure 07: Global Transformer Market Attractiveness, By Type, Value (US$ Bn), 2022-2031
Figure 08: Global Transformer Market Size & Forecast, By Voltage Range, Revenue (US$ Bn), 2017-2031
Figure 09: Global Transformer Market Share Analysis, by Voltage Range, 2022 and 2031
Figure 10: Global Transformer Market Attractiveness, By Voltage Range, Value (US$ Bn), 2022-2031
Figure 11: Global Transformer Market Size & Forecast, By Cooling, Revenue (US$ Bn), 2017-2031
Figure 12: Global Transformer Market Share Analysis, by Cooling, 2022 and 2031
Figure 13: Global Transformer Market Attractiveness, By Cooling, Value (US$ Bn), 2022-2031
Figure 14: Global Transformer Market Size & Forecast, By Phase, Revenue (US$ Bn), 2017-2031
Figure 15: Global Transformer Market Share Analysis, by Phase, 2022 and 2031
Figure 16: Global Transformer Market Attractiveness, By Phase, Value (US$ Bn), 2022-2031
Figure 17: Global Transformer Market Size & Forecast, By Application, Revenue (US$ Bn), 2017-2031
Figure 18: Global Transformer Market Share Analysis, by Application, 2022 and 2031
Figure 19: Global Transformer Market Attractiveness, By Application, Value (US$ Bn), 2022-2031
Figure 20: Global Transformer Market Size & Forecast, By Region, Revenue (US$ Bn), 2017-2031
Figure 21: Global Transformer Market Share Analysis, by Region, 2022 and 2031
Figure 22: Global Transformer Market Attractiveness, By Region, Value (US$ Bn), 2022-2031
Figure 23: North America Transformer Market Size & Forecast, By Type, Revenue (US$ Bn), 2017-2031
Figure 24: North America Transformer Market Share Analysis, by Type, 2022 and 2031
Figure 25: North America Transformer Market Attractiveness, By Type, Value (US$ Bn), 2022-2031
Figure 26: North America Transformer Market Size & Forecast, By Voltage Range, Revenue (US$ Bn), 2017-2031
Figure 27: North America Transformer Market Share Analysis, by Voltage Range, 2022 and 2031
Figure 28: North America Transformer Market Attractiveness, By Voltage Range, Value (US$ Bn), 2022-2031
Figure 29: North America Transformer Market Size & Forecast, By Cooling, Revenue (US$ Bn), 2017-2031
Figure 30: North America Transformer Market Share Analysis, by Cooling, 2022 and 2031
Figure 31: North America Transformer Market Attractiveness, By Cooling, Value (US$ Bn), 2022-2031
Figure 32: North America Transformer Market Size & Forecast, By Phase, Revenue (US$ Bn), 2017-2031
Figure 33: North America Transformer Market Share Analysis, by Phase, 2022 and 2031
Figure 34: North America Transformer Market Attractiveness, By Phase, Value (US$ Bn), 2022-2031
Figure 35: North America Transformer Market Size & Forecast, By Application, Revenue (US$ Bn), 2017-2031
Figure 36: North America Transformer Market Share Analysis, by Application, 2022 and 2031
Figure 37: North America Transformer Market Attractiveness, By Application, Value (US$ Bn), 2022-2031
Figure 38: North America Transformer Market Size & Forecast, By Country Revenue (US$ Bn), 2017-2031
Figure 39: North America Transformer Market Share Analysis, by Country 2022 and 2031
Figure 40: North America Transformer Market Attractiveness, By Country Value (US$ Bn), 2022-2031
Figure 41: Europe Transformer Market Size & Forecast, By Type, Revenue (US$ Bn), 2017-2031
Figure 42: Europe Transformer Market Share Analysis, by Type, 2022 and 2031
Figure 43: Europe Transformer Market Attractiveness, By Type, Value (US$ Bn), 2022-2031
Figure 44: Europe Transformer Market Size & Forecast, By Voltage Range, Revenue (US$ Bn), 2017-2031
Figure 45: Europe Transformer Market Share Analysis, by Voltage Range, 2022 and 2031
Figure 46: Europe Transformer Market Attractiveness, By Voltage Range, Value (US$ Bn), 2022-2031
Figure 47: Europe Transformer Market Size & Forecast, By Cooling, Revenue (US$ Bn), 2017-2031
Figure 48: Europe Transformer Market Share Analysis, by Cooling, 2022 and 2031
Figure 49: Europe Transformer Market Attractiveness, By Cooling, Value (US$ Bn), 2022-2031
Figure 50: Europe Transformer Market Size & Forecast, By Phase, Revenue (US$ Bn), 2017-2031
Figure 51: Europe Transformer Market Share Analysis, by Phase, 2022 and 2031
Figure 52: Europe Transformer Market Attractiveness, By Phase, Value (US$ Bn), 2022-2031
Figure 53: Europe Transformer Market Size & Forecast, By Application, Revenue (US$ Bn), 2017-2031
Figure 54: Europe Transformer Market Share Analysis, by Application, 2022 and 2031
Figure 55: Europe Transformer Market Attractiveness, By Application, Value (US$ Bn), 2022-2031
Figure 56: Europe Transformer Market Size & Forecast, By Country Revenue (US$ Bn), 2017-2031
Figure 57: Europe Transformer Market Share Analysis, by Country 2022 and 2031
Figure 58: Europe Transformer Market Attractiveness, By Country Value (US$ Bn), 2022-2031
Figure 59: Asia Pacific Transformer Market Size & Forecast, By Type, Revenue (US$ Bn), 2017-2031
Figure 60: Asia Pacific Transformer Market Share Analysis, by Type, 2022 and 2031
Figure 61: Asia Pacific Transformer Market Attractiveness, By Type, Value (US$ Bn), 2022-2031
Figure 62: Asia Pacific Transformer Market Size & Forecast, By Voltage Range, Revenue (US$ Bn), 2017-2031
Figure 63: Asia Pacific Transformer Market Share Analysis, by Voltage Range, 2022 and 2031
Figure 64: Asia Pacific Transformer Market Attractiveness, By Voltage Range, Value (US$ Bn), 2022-2031
Figure 65: Asia Pacific Transformer Market Size & Forecast, By Cooling, Revenue (US$ Bn), 2017-2031
Figure 66: Asia Pacific Transformer Market Share Analysis, by Cooling, 2022 and 2031
Figure 67: Asia Pacific Transformer Market Attractiveness, By Cooling, Value (US$ Bn), 2022-2031
Figure 68: Asia Pacific Transformer Market Size & Forecast, By Phase, Revenue (US$ Bn), 2017-2031
Figure 69: Asia Pacific Transformer Market Share Analysis, by Phase, 2022 and 2031
Figure 70: Asia Pacific Transformer Market Attractiveness, By Phase, Value (US$ Bn), 2022-2031
Figure 71: Asia Pacific Transformer Market Size & Forecast, By Application, Revenue (US$ Bn), 2017-2031
Figure 72: Asia Pacific Transformer Market Share Analysis, by Application, 2022 and 2031
Figure 73: Asia Pacific Transformer Market Attractiveness, By Application, Value (US$ Bn), 2022-2031
Figure 74: Asia Pacific Transformer Market Size & Forecast, By Country Revenue (US$ Bn), 2017-2031
Figure 75: Asia Pacific Transformer Market Share Analysis, by Country 2022 and 2031
Figure 76: Asia Pacific Transformer Market Attractiveness, By Country Value (US$ Bn), 2022-2031
Figure 77: Middle East & Africa Transformer Market Size & Forecast, By Type, Revenue (US$ Bn), 2017-2031
Figure 78: Middle East & Africa Transformer Market Share Analysis, by Type, 2022 and 2031
Figure 79: Middle East & Africa Transformer Market Attractiveness, By Type, Value (US$ Bn), 2022-2031
Figure 80: Middle East & Africa Transformer Market Size & Forecast, By Voltage Range, Revenue (US$ Bn), 2017-2031
Figure 81: Middle East & Africa Transformer Market Share Analysis, by Voltage Range, 2022 and 2031
Figure 82: Middle East & Africa Transformer Market Attractiveness, By Voltage Range, Value (US$ Bn), 2022-2031
Figure 83: Middle East & Africa Transformer Market Size & Forecast, By Cooling, Revenue (US$ Bn), 2017-2031
Figure 84: Middle East & Africa Transformer Market Share Analysis, by Cooling, 2022 and 2031
Figure 85: Middle East & Africa Transformer Market Attractiveness, By Cooling, Value (US$ Bn), 2022-2031
Figure 86: Middle East & Africa Transformer Market Size & Forecast, By Phase, Revenue (US$ Bn), 2017-2031
Figure 87: Middle East & Africa Transformer Market Share Analysis, by Phase, 2022 and 2031
Figure 88: Middle East & Africa Transformer Market Attractiveness, By Phase, Value (US$ Bn), 2022-2031
Figure 89: Middle East & Africa Transformer Market Size & Forecast, By Application, Revenue (US$ Bn), 2017-2031
Figure 90: Middle East & Africa Transformer Market Share Analysis, by Application, 2022 and 2031
Figure 91: Middle East & Africa Transformer Market Attractiveness, By Application, Value (US$ Bn), 2022-2031
Figure 92: Middle East & Africa Transformer Market Size & Forecast, By Country Revenue (US$ Bn), 2017-2031
Figure 93: Middle East & Africa Transformer Market Share Analysis, by Country 2022 and 2031
Figure 94: Middle East & Africa Transformer Market Attractiveness, By Country Value (US$ Bn), 2022-2031
Figure 95: South America Transformer Market Size & Forecast, By Type, Revenue (US$ Bn), 2017-2031
Figure 96: South America Transformer Market Share Analysis, by Type, 2022 and 2031
Figure 97: South America Transformer Market Attractiveness, By Type, Value (US$ Bn), 2022-2031
Figure 98: South America Transformer Market Size & Forecast, By Voltage Range, Revenue (US$ Bn), 2017-2031
Figure 99: South America Transformer Market Share Analysis, by Voltage Range, 2022 and 2031
Figure 100: South America Transformer Market Attractiveness, By Voltage Range, Value (US$ Bn), 2022-2031
Figure 101: South America Transformer Market Size & Forecast, By Cooling, Revenue (US$ Bn), 2017-2031
Figure 102: South America Transformer Market Share Analysis, by Cooling, 2022 and 2031
Figure 103: South America Transformer Market Attractiveness, By Cooling, Value (US$ Bn), 2022-2031
Figure 104: South America Transformer Market Size & Forecast, By Phase, Revenue (US$ Bn), 2017-2031
Figure 105: South America Transformer Market Share Analysis, by Phase, 2022 and 2031
Figure 106: South America Transformer Market Attractiveness, By Phase, Value (US$ Bn), 2022-2031
Figure 107: South America Transformer Market Size & Forecast, By Application, Revenue (US$ Bn), 2017-2031
Figure 108: South America Transformer Market Share Analysis, by Application, 2022 and 2031
Figure 109: South America Transformer Market Attractiveness, By Application, Value (US$ Bn), 2022-2031
Figure 110: South America Transformer Market Size & Forecast, By Country Revenue (US$ Bn), 2017-2031
Figure 111: South America Transformer Market Share Analysis, by Country 2022 and 2031
Figure 112: South America Transformer Market Attractiveness, By Country Value (US$ Bn), 2022-2031
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