High Voltage Power Transformer Market

Report Code EP 9037
Published in Jun, 2024, By MarketsandMarkets™
Download PDF

Choose License Type

Buy Report Now Inquire Before Buying

High Voltage Power Transformer Market by Power Rating SPT ((= 60 MVA), LPT (> 60 MVA)) Cooling Type (Oil Immersed, Dry Type) End User (Utilities, Commercial, Industrial) Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2029

Overview

The global High voltage power transformer market in terms of revenue was estimated to be worth USD 9.1 billion in 2024 and is poised to reach USD 12.3 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029. The high voltage power transformer is adopted in many industries due to its ability to change high voltage AC power to low or vice-versa. On the other hand, these transformers play significant roles with respect to the efficient transmission of power, improvement of voltage stability through FACTs systems and testing of electrical power components. Apart from their use in power transmission, these transformers are very commonly employed for SVC, FACTS, HVDC and all other related and sophisticated uses. The reasons include the expansion and modernization of the grid integration programs, the programs addressing the issues related with older substations, and particularly the rising demand for renewable energy.

Attractive Opportunities in the High voltage power transformer market

Asia Pacific

The Asia-Pacific region emphasis on updating its outdated power infrastructure to increase efficiency and dependability is responsible for its market expansion.

The primary driver of market expansion is the enormous increase in power demand brought about by the increasing urbanization of the world.

During the projected period, North America is anticipated to rank as the second-largest market for high voltage power transformers.

Over the next 5 years, market participants should find lucrative chances from expansions.

The market for high voltage power transformers is anticipated to grow more slowly due to growing environmental concerns.

Global High voltage power transformer market Dynamics

Driver: Pressing need for grid modernization and expansion with increasing electricity demand

The increasing energy consumption is supplementing the high voltage power transformer market. The growing electricity demand calls for expansion and renovation of the grid such as increasing the scope of the existing grids and reinforcing transmission lines to accommodate more power. This results in increased requirements for transformers in substations and transmission lines. Besides, grid renewal cum retrofitting solutions raise the transformer needs for upgraded characteristics such as higher voltage and current ratings, and smart grid and two-way load management systems. The interaction of renewable resources dominate in a considerably different manner, particularly solar and wind generation, in a grid system. These are intermittent and uncontrolable power sources; they depend on climatic conditions to be effective. High voltage power transformers play a lead role in incorporating renewable energy sources into the grid at a transmission level in order to convert solar and wind farm outputs to tussium level. Additionally, they enhance system reliability by regulating the variation of power generation from the said sources. There is a steady demand for transformers all over the world. In advanced countries, increasing the efficiency and reliability of electricity networks is deemed a priority task.

Restraints: Limited budget for grid expansion projects in developing countries

The high voltage power transformer market exhibits huge growth potential but at the same time, has characteristic challenges. Such problems are largely driven by cost pressures and long lead times. Core Problem : Large upfront costs, especially for higher capacity transformers. Nowhere is this dilemma more acute than in the developing world, where limited budgets prevent widespread grid development and upgrades. Meanwhile, one more trouble point that remains to be addressed is the ever-changing prices of vital raw materials including copper and steel. Such volatility in those materials could have a major effect on the high voltage power transformer market, eroding manufacturer profit margins and perhaps causing price increases. This creates uncertainty in the planning and budgeting processes for manufacturers and utilities, which strips some efficiency from these markets too. Also, the long lead times for large high voltage power transformers to be manufactured are restraining voltage transformer market growth. Those extended lead times can cause project delays and slow things down even further during peak periods of demand when there is a need to grow the grid. The market will then be less efficient, if transformer delivery is delayed even further. Such cost pressures and lead time challenges hinder the growth of high voltage power transformer market- especially in emerging countries where grid expansion is one among major initiative. For manufacturers, that means focusing on cost optimization strategies while governments can offer an array of incentives to encourage investment in grid projects despite the obstacles. Evidently, the global energy infrastructure can benefit by leaps and bounds from a thriving high voltage power transformer market if it successfully overcomes these profound challenges.

 

Opportunities: Development of customized transformers to deploy in HVDC transmission systems

High-voltage direct current (HVDC) transmission systems are in need of transformers that can meet their exacting requirements, necessitating the use of custom designs. HVDC transformers are core elements for power to be transferred with high efficiency and reliability from AC systems to DC transmission networks. The high voltage of dc transformers is distinguished in contrast to the conventional AC transformers by different challenges with reference to insulation stresses under combined ac and dc voltages, load current harmonics as well as specific operational conditions. For shipping, different transformer designs also have varying weight and dimensions in order to meet transport constraints so customization is essential. Engineered specifically for HVDC installations, specialist transformers guarantee the best possible performance and reliability when transmitting power over long distances without heavy losses. In Europe, where there is a major push to incorporate renewable energy and link grids from one country to the next via projects such as North Sea Link (NSL), HVDC solutions require unique transformers that can handle different voltage levels and grid characteristics. Stretching 720 kilometres beneath the North Sea, as deep as 700 metres: The world's longest subsea electricity interconnector. NSL, operates at a voltage of ±525kV and is capable of delivering up to 1400 megawatts. Custom transformer design for high-voltage direct current (HVDC) transmission will proliferate as project and regional specs are tailored into the archives.

Challenges: Cybersecurity threats due to adoption of digital technologies.

The increasing digitalization of power grids introduces a significant challenge for the high voltage power transformer market: information security risks; or in other words information technology or cybersecurity threats. In recent years as the grid infrastructure increases both in terms of connectivity and dependency on digital support systems, so does the vulnerability of transformers and the grid infrastructure as a whole to cyber-attacks. The following contains more information on the often discussed cyber threats : These threats are very dangerous to the reliability and safety of the power grid and can result to insecurity, making it important to put in place measures to counter them. The threats categorised in relation to the transformers and the grid include malware, ransomware, denial of service attack, and access control attack. These attacks can cause degraded normal grid operation, change different parameters on grids, destroy transformers physically, and consequently lead to blackouts, equipment destructions, and possible safety issues. The major issue facing cybersecurity threat in the medium voltage transformer market is the flexibility and design of the grid systems as well as the numerous interconnections that are present in the system. Every transformer, substation, control systems, communication networks and all other components along the grid can be considered as belonging to a family of cyber threats. Coordinating for these expressed elements is a complex and multifaceted process that must consist of extensive technology mixes and management procedures. Some of the technological features of improving the level of cybersecurity in the high voltage power transformer market may include the use of reliable encryption, the use of intrusion detection and prevention systems, dividing networks into segments to prevent the penetration of cyber threats, and the constant upgrade of software, and firmware of devices to eliminate vulnerabilities. Also, new concepts such as multi-factor and biometric authentication prevent unauthorized access to paramount grid facilities.

Global High voltage power transformer market Ecosystem Analysis

High Voltage Power Transformer Market Ecosystem. Prominent companies in this high voltage power transformer market include well-established, financially stable high voltage power transformers. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this global transformer market are Siemens Energy (Germany), Hitachi Energy Ltd. (Switzerland), Schneider Electric (France), Toshiba Energy Systems & Solutions Corporation (Japan), and General Electric Company (US).

 

SPT (≤ 60 MVA) segment, by power rating, will be second largest market from 2024 to 2029.

The Small High voltage power transformer segment SPT (≤ 60 MVA) in the high voltage power transformer market is projected to have second largest market, as these transformers are used for applications requiring small and more flexible power capacity which includes local substation support and industrial sector. Owing to the escalating inclination towards renewable based electricity generation capacity across world such as Solar, wind etc., small high voltage transformers are widely used for stepping down (up) the higher lower currents (voltage). The demand for SPT is majorly attributed due to its relatively lesser cost and easy installation compared with above 60 MVA transformers, this factor is driving factor small high voltage power transformer market. Implementation of transmission & distribution projects in rural areas. SPT are used in various application including rural electrification projects achieving human based work process with introduction robust machineries/ equipments.

Utilities segment, by end user, to be the fastest growing segment from 2024 to 2029.

The utilities segment is expected to be the fastest growing segment which contributes to high voltage power transformer market from 2024-2029. Utilities are essential in critical tasks associated with electrical generation and transmission. These utilities support the electrical infrastructure to facilitate growing urban residential households and industrial electricity needs. Additionally, utilities are one of the largest factors to support upgrades to obsolete electrical infrastructure to ensure grid reliability and modern efficiency and environmental standards. Due to the global transition to renewable energy sources, utilities are responsible for integrating these variable energy sources into the grid, which call for high voltage power transformers to support voltage stabilization and regulation. Moreover, ongoing government funding and government programs to build out infrastructure projects to strengthen national grids along with increased penetration of renewable energy from transformation of national grids all positively support growth in the utilities sectors high voltage transformer demand.

Asia Pacific region holds the largest share of the High voltage power transformer market.

According to the forecast period, the high voltage power transformer market is expected to recline within Asia Pacific with the largest market size, principally as a result of the region's swift economic development, urbanization and industrialization. A number of countries within the region such as China, India, Japan and South Korea are making considerable investments to modernize their electrical infrastructures in response to the increasing electricity demand from urban centers, as well as off the grid in rural areas. In addition to this massive investment in upgrading electrical infrastructure, these nations are making significant investments in renewable energy projects associated with their climate change commitments to reduce carbon emissions, which involve extensive investing improvements to the grid to integrate renewable energy sources into their systems. This will require extensive investments in high voltage power transformers for the efficient transport of energy. In addition, within the Asia Pacific region, government initiatives to improve energy efficiencies; improve reliability in power supply and work towards the establishment of smart grids; and removal of aging and tiring infrastructure along with opportunities to modernize existing infrastructure is also stimulating demand for high voltage power transformers. These factors combined ensure that Asia Pacific is the largest and rapidly expanding high voltage power transformer market.

 
 

Recent Developments of High voltage power transformer market industry

  • In February 2024, Hitachi Energy Ltd. invested USD 32.1 million in expanding and modernizing its high voltage power transformer manufacturing facility in Bad Honnef, Germany. The investment expands the company’s global footprint and capacity, addressing the accelerating demand for transformers to meet Europe’s energy transition.
  • In January 2024, GE Vernova, a subsidiary of General Electric Company, collaborated with Polimex Mostostal, an engineering and construction company, to construct the land-based infrastructure, including a 275/400 kV high voltage substation with STATCOMs and land-based export lines for efficient power transfer to the Polish power system.

Key Market Players

KEY PLAYERS IN THE High voltage power transformer market INCLUDE

  • Siemens Energy (Germany)
  • Hitachi Energy Ltd. (Switzerland)
  • Schneider Electric (France)
  • Toshiba Energy Systems & Solutions Corporation (Japan)
  • General Electric Company (US)

Want to explore hidden markets that can drive new revenue in High Voltage Power Transformer Market?

Scope of the Report

Report Attribute Details
Market Size available for years 2020–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD Million/Billion)
Segments covered By Power Rating, By Cooling Type and By End User
Geographies covered Asia Pacific, North America, Europe, Middle East and Africa, and South America 
Companies covered Siemens Energy (Germany), Hitachi Energy Ltd. (Switzerland), Schneider Electric (France), Toshiba Energy Systems & Solutions Corporation (Japan), and General Electric Company (US), Mitsubishi Electric Corporation (Japan), CG Power & Industrial Solutions Ltd. (India), HYOSUNG HEAVY INDUSTRIES (South Korea), Transformers and Rectifiers (India) Ltd. (India), Ningbo IRONCUBE Works International co., LTD. (China), Fuji Electric Co., Ltd. (Japan), WEG (Brazil), HD HYUNDAI ELECTRIC CO., LTD. (South Korea), and Bharat Heavy Electricals Limited (India), A B C TRANSFORMERS (P) LTD (India), Jiangshan Scotech Electrical Co., Ltd (China), Efacec (Portugal), and Hammond Power Solutions (Canada), LS ELECTRIC Co., Ltd (South Korea), SGB SMIT (Germany), JSHP Transformer (China), CHINT Group (China), Niagara Transformer Corp. (US), Wilson Power Solutions (UK), and Vijay Power (India), ARTECHE (Spain) and CHINA XD GROUP (China), URJA Techniques (India), BEST Transformer (Turkey), Telawne Power Equipments Private Limited (India).

 

Key Questions Addressed by the Report

What is the current size of the global high voltage power transformer market?
The global high voltage power transformer market is valued to be USD 8.68 billion in 2023.
What are the major drivers for high voltage power transformer market?
The major drivers of the high voltage power transformer market include the global increase in electricity demand, aging infrastructure requiring upgrades or replacements, and the rapid expansion of renewable energy sources that necessitate advanced grid integration technologies. Furthermore, urbanization and industrialization, particularly in emerging economies, are accelerating the need for robust electricity distribution systems. Additionally, government regulations and initiatives aimed at improving energy efficiency and reducing carbon footprints are pushing utilities and industries to invest in modern, high-efficiency transformers. Lastly, technological advancements such as smart transformers that facilitate more reliable, efficient, and automated power distribution systems are also significant drivers in the market growth.
Which End user has the largest market share in the high voltage power transformer market?
The utilities segment holds the largest market share in the high voltage power transformer market primarily because utilities are the main providers of electricity to both residential and commercial users, necessitating robust, extensive, and reliable grid infrastructures. High voltage power transformers are crucial in these infrastructures for stepping up and stepping down voltage to ensure safe electricity transmission and distribution across vast networks. As utilities continuously work to expand, upgrade, and maintain their grids to meet increasing electricity demand, comply with regulatory standards, and integrate renewable energy sources, their demand for high voltage power transformers remains consistently high.
Which is the largest-growing region during the forecast period in the high voltage power transformer market?
Converging factors are expected to make Asia Pacific the largest-growing market for high voltage power transformers during the forecast period. Rapid urbanization and industrialization in major economies of the region, like China, India, and countries from Southeast Asia, are increasing electricity demand considerably. This upsurge in demand calls for an extensive development in power infrastructure, particularly in substation and transmission line development, in which a high voltage power transformer is an important component.
Which is one of the major restraints for the market to grow?
The limited number of skilled workers for designing, installing and maintaining high voltage power transformers, is an additional barrier to the adoption of advanced transformer technologies in emerging economies. Moreover, the lack of skills creates challenges to the effective application of modern transformer strategies.

 

Personalize This Research

  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
Request A Free Customisation

Let Us Help You

  • What are the Known and Unknown Adjacencies Impacting the High Voltage Power Transformer Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
Customized Workshop Request

Table Of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
22
RESEARCH METHODOLOGY
27
EXECUTIVE SUMMARY
40
PREMIUM INSIGHTS
44
MARKET OVERVIEW
48
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Pressing need for grid modernization and expansion to meet increasing electricity demand
    - Rising adoption of renewable sources in power generation
    RESTRAINTS
    - Limited budget for grid expansion projects in developing countries
    - Need for skilled professionals to install, maintain, and repair advanced transformers
    OPPORTUNITIES
    - Development of customized transformers to deploy in HVDC transmission systems
    - Shift toward smart grid technology
    CHALLENGES
    - Challenges associated with aging grid infrastructure and transformers
    - Cybersecurity threats due to adoption of digital technologies
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 SUPPLY CHAIN ANALYSIS
  • 5.5 ECOSYSTEM ANALYSIS
  • 5.6 CASE STUDY ANALYSIS
    INSTALLATION OF SIEMENS’ HIGH-VOLTAGE TRANSFORMERS IN AUTOMOTIVE PLANT IN GERMANY TO ENSURE EFFICIENT POWER TRANSMISSION WITH MINIMAL LOSSES
    DEPLOYMENT OF GE’S PROLEC TRANSFORMERS IN DATA CENTER IN SILICON VALLEY TO IMPROVE SUSTAINABILITY AND RELIABILITY
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - High-temperature superconducting (HTS) transformers
    - Solid-state transformers (SSTs)
    - High-voltage insulation
    COMPLEMENTARY TECHNOLOGIES
    - Artificial intelligence-powered digital fault protection relays
    - Sensing and monitoring technologies
    - Grid stability solutions
    ADJACENT TECHNOLOGIES
    - Monitoring and diagnostics systems
    - Smart grid technologies
  • 5.9 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 850423)
    EXPORT SCENARIO (HS CODE 850423)
  • 5.10 PATENT ANALYSIS
  • 5.11 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.12 PRICING ANALYSIS
    INDICATIVE PRICING TREND, BY POWER RATING
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.13 TARIFF AND REGULATORY LANDSCAPE
    TARIFF ANALYSIS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    CODES AND REGULATIONS
  • 5.14 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF NEW ENTRANTS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE
89
  • 6.1 INTRODUCTION
  • 6.2 OIL-IMMERSED
    EXCELLENT THERMAL PROPERTIES AND RELIABILITY TO FOSTER SEGMENTAL GROWTH
  • 6.3 DRY-TYPE
    SIMPLICITY AND LOW-MAINTENANCE REQUIREMENTS TO CONTRIBUTE TO SEGMENTAL GROWTH
HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING
95
  • 7.1 INTRODUCTION
  • 7.2 SPT (≤60 MVA)
    RISING NEED FOR DECENTRALIZED ENERGY SOLUTIONS BY URBAN POPULATION TO FUEL SEGMENTAL GROWTH
  • 7.3 LPT (>60 MVA)
    RAPID INDUSTRIALIZATION AND EXPANSION OF POWER TRANSMISSION INFRASTRUCTURE TO EXPEDITE SEGMENTAL GROWTH
HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER
100
  • 8.1 INTRODUCTION
  • 8.2 UTILITIES
    INCREASING GOVERNMENT INVESTMENT IN SMART GRID TECHNOLOGIES TO CONTRIBUTE TO SEGMENTAL GROWTH
  • 8.3 COMMERCIAL
    GROWING DEMAND FOR DATA CENTERS TO FOSTER SEGMENTAL GROWTH
  • 8.4 INDUSTRIAL
    RISING NEED FOR UNINTERRUPTED POWER SUPPLY TO CONDUCT CRITICAL PRODUCTION PROCESSES TO BOOST DEMAND
HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION
109
  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA
    RECESSION IMPACT ON HIGH-VOLTAGE POWER TRANSFORMER MARKET IN NORTH AMERICA
    US
    - Rising preference for renewable energy sources to enhance grid efficiency and reliability to contribute to market growth
    CANADA
    - Growing government efforts to modernize grid infrastructure and increase grid efficiency to drive market
    MEXICO
    - Increasing population and industrialization to contribute to market growth
  • 9.3 ASIA PACIFIC
    RECESSION IMPACT ON HIGH-VOLTAGE POWER TRANSFORMER MARKET IN ASIA PACIFIC
    CHINA
    - Rapid industrialization and infrastructural development to accelerate market growth
    INDIA
    - Strong focus on developing electric vehicle charging infrastructure to drive market
    JAPAN
    - Heightened emphasis on integrating renewable energy sources into national grid to fuel market growth
    REST OF ASIA PACIFIC
  • 9.4 EUROPE
    RECESSION IMPACT ON HIGH-VOLTAGE POWER TRANSFORMER MARKET IN EUROPE
    GERMANY
    - Transition toward sustainable energy sources to maintain grid resilience to boost demand
    UK
    - Commitment to achieving net-zero carbon footprint and grid modernizing to fuel market growth
    ITALY
    - Government investment in power transmission networks to boost market growth
    FRANCE
    - Investment in upgrading aging power infrastructure to contribute to market growth
    REST OF EUROPE
  • 9.5 SOUTH AMERICA
    RECESSION IMPACT ON HIGH-VOLTAGE POWER TRANSFORMER MARKET IN SOUTH AMERICA
    BRAZIL
    - Increasing electricity demand due to economic development and rapid urbanization to accelerate market growth
    ARGENTINA
    - Rising focus on power generation using renewable sources to fuel market growth
    REST OF SOUTH AMERICA
  • 9.6 MIDDLE EAST & AFRICA
    RECESSION IMPACT ON HIGH-VOLTAGE POWER TRANSFORMER MARKET IN MIDDLE EAST & AFRICA
    GCC
    - Saudi Arabia
    - UAE
    - Rest of GCC
    SOUTH AFRICA
    - Increasing investment in power infrastructure development due to industrialization to expedite market growth
    REST OF MIDDLE EAST & AFRICA
COMPETITIVE LANDSCAPE
163
  • 10.1 OVERVIEW
  • 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2023
  • 10.3 MARKET SHARE ANALYSIS, 2023
  • 10.4 REVENUE ANALYSIS, 2019–2023
  • 10.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 10.6 BRAND/PRODUCT COMPARISON
  • 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Region footprint
    - Cooling type footprint
    - Power rating footprint
    - End user footprint
  • 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
    - Detailed list of key startups/smes
    - Competitive benchmarking of key startups/SMEs
  • 10.9 COMPETITIVE SCENARIO AND TRENDS
    DEALS
    EXPANSIONS
    OTHERS
COMPANY PROFILES
184
  • 11.1 KEY PLAYERS
    SIEMENS ENERGY
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    HITACHI ENERGY LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    SCHNEIDER ELECTRIC
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    GENERAL ELECTRIC COMPANY
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    HD HYUNDAI ELECTRIC CO., LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    CG POWER & INDUSTRIAL SOLUTIONS LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    MITSUBISHI ELECTRIC CORPORATION
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    HYOSUNG HEAVY INDUSTRIES
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    BHARAT HEAVY ELECTRICALS LIMITED
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    FUJI ELECTRIC CO., LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    WEG
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    EFACEC
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    LS ELECTRIC CO., LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    TRANSFORMERS & RECTIFIERS (INDIA) LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
  • 11.2 OTHER PLAYERS
    SGB SMIT
    NIAGARA TRANSFORMER CORP.
    HAMMOND POWER SOLUTIONS
    NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.
    WILSON POWER SOLUTIONS
    ABC TRANSFORMERS (P) LTD
    VIJAY POWER
    JSHP TRANSFORMER
    CHINT GROUP
    JIANGSHAN SCOTECH ELECTRICAL CO., LTD
APPENDIX
246
  • 12.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 12.2 DISCUSSION GUIDE
  • 12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 12.4 CUSTOMIZATION OPTIONS
  • 12.5 RELATED REPORTS
  • 12.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 HIGH-VOLTAGE POWER TRANSFORMER MARKET: RISK ASSESSMENT
  • TABLE 2 HIGH-VOLTAGE POWER TRANSFORMER MARKET SNAPSHOT
  • TABLE 3 ROLE OF COMPANIES IN HIGH-VOLTAGE POWER TRANSFORMER ECOSYSTEM
  • TABLE 4 IMPORT DATA FOR HS CODE 850423-COMPLIANT TRANSFORMERS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 5 IMPORT DATA FOR HS CODE 850434-COMPLIANT TRANSFORMERS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 6 EXPORT DATA FOR HS CODE 850423-COMPLIANT TRANSFORMERS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 7 EXPORT DATA FOR HS CODE 850434-COMPLIANT TRANSFORMERS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 8 HIGH-VOLTAGE POWER TRANSFORMER MARKET: LIST OF KEY PATENTS, 2021–2024
  • TABLE 9 HIGH-VOLTAGE POWER TRANSFORMER MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 10 INDICATIVE PRICING TREND, BY POWER RATING (USD/UNIT)
  • TABLE 11 MFN TARIFF FOR HS CODE 850423-COMPLIANT TRANSFORMERS, BY IMPORTING COUNTRY, 2022
  • TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 17 HIGH-VOLTAGE POWER TRANSFORMER MARKET: REGULATORY FRAMEWORK
  • TABLE 18 HIGH-VOLTAGE POWER TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 19 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS
  • TABLE 20 KEY BUYING CRITERIA FOR TOP 3 END USERS
  • TABLE 21 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020–2023 (USD MILLION)
  • TABLE 22 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2024–2029 (USD MILLION)
  • TABLE 23 OIL-IMMERSED: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 24 OIL-IMMERSED: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 25 DRY-TYPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 26 DRY-TYPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 27 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2020–2023 (USD MILLION)
  • TABLE 28 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2024–2029 (USD MILLION)
  • TABLE 29 SPT (≤60 MVA): HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 30 SPT (≤60 MVA): HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 31 LPT (>60 MVA): HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 32 LPT (>60 MVA): HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 33 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 34 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 35 UTILITIES: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 36 UTILITIES: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 37 COMMERCIAL: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 38 COMMERCIAL: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 39 INDUSTRIAL: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 40 INDUSTRIAL: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 41 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 42 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 43 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2020–2023 (UNITS)
  • TABLE 44 HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY REGION, 2024–2029 (UNITS)
  • TABLE 45 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2020–2023 (USD MILLION)
  • TABLE 46 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2024–2029 (USD MILLION)
  • TABLE 47 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020–2023 (USD MILLION)
  • TABLE 48 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2024–2029 (USD MILLION)
  • TABLE 49 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 50 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 51 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 52 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 53 US: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 54 US: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 55 CANADA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 56 CANADA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 57 MEXICO: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 58 MEXICO: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 59 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2020–2023 (USD MILLION)
  • TABLE 60 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2024–2029 (USD MILLION)
  • TABLE 61 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020–2023 (USD MILLION)
  • TABLE 62 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2024–2029 (USD MILLION)
  • TABLE 63 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 64 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 65 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 66 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 67 CHINA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 68 CHINA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 69 INDIA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 70 INDIA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 71 JAPAN: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 72 JAPAN: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 73 REST OF ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 74 REST OF ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 75 EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2020–2023 (USD MILLION)
  • TABLE 76 EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2023–2029 (USD MILLION)
  • TABLE 77 EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020–2023 (USD MILLION)
  • TABLE 78 EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2024–2029 (USD MILLION)
  • TABLE 79 EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 80 EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 81 EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 82 EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 83 GERMANY: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 84 GERMANY: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 85 UK: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 86 UK: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 87 ITALY: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 88 ITALY: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 89 FRANCE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 90 FRANCE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 91 REST OF EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 92 REST OF EUROPE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 93 SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2020–2023 (USD MILLION)
  • TABLE 94 SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2024–2029 (USD MILLION)
  • TABLE 95 SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020–2023 (USD MILLION)
  • TABLE 96 SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2024–2029 (USD MILLION)
  • TABLE 97 SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 98 SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 99 SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 100 SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 101 BRAZIL: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 102 BRAZIL: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 103 ARGENTINA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 104 ARGENTINA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 105 REST OF SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 106 REST OF SOUTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 107 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2020–2023 (USD MILLION)
  • TABLE 108 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, 2024–2029 (USD MILLION)
  • TABLE 109 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020–2023 (USD MILLION)
  • TABLE 110 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COOLING TYPE, 2024–2029 (USD MILLION)
  • TABLE 111 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 112 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 113 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 114 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 115 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY GCC COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 116 MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY GCC COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 117 GCC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 118 GCC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 119 SAUDI ARABIA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 120 SAUDI ARABIA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 121 UAE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 122 UAE: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 123 REST OF GCC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 124 REST OF GCC: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 125 SOUTH AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 126 SOUTH AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 127 REST OF MIDDLES EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 128 REST OF MIDDLE EAST & AFRICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY END USER, 2024–2029 (USD MILLION)
  • TABLE 131 HIGH-VOLTAGE POWER TRANSFORMER MARKET: REGION FOOTPRINT
  • TABLE 132 HIGH-VOLTAGE POWER TRANSFORMER MARKET: COOLING TYPE FOOTPRINT
  • TABLE 133 HIGH-VOLTAGE POWER TRANSFORMER MARKET: POWER RATING FOOTPRINT
  • TABLE 134 HIGH-VOLTAGE POWER TRANSFORMER MARKET: END USER FOOTPRINT
  • TABLE 135 HIGH-VOLTAGE POWER TRANSFORMER MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 136 HIGH-VOLTAGE POWER TRANSFORMER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 137 HIGH-VOLTAGE POWER TRANSFORMER MARKET: DEALS, DECEMBER 2019– MARCH 2024
  • TABLE 138 HIGH-VOLTAGE POWER TRANSFORMER MARKET: EXPANSIONS, DECEMBER 2019–MARCH 2024
  • TABLE 139 HIGH-VOLTAGE POWER TRANSFORMER MARKET: OTHERS, DECEMBER 2019– MARCH 2024
  • TABLE 140 SIEMENS ENERGY: COMPANY OVERVIEW
  • TABLE 141 SIEMENS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 142 SIEMENS ENERGY: DEALS
  • TABLE 143 SIEMENS ENERGY: EXPANSIONS
  • TABLE 144 HITACHI ENERGY LTD.: COMPANY OVERVIEW
  • TABLE 145 HITACHI ENERGY LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 146 HITACHI ENERGY LTD.: DEALS
  • TABLE 147 HITACHI ENERGY LTD.: EXPANSIONS
  • TABLE 148 HITACHI ENERGY LTD.: OTHERS
  • TABLE 149 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
  • TABLE 150 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 151 SCHNEIDER ELECTRIC: DEALS
  • TABLE 152 SCHNEIDER ELECTRIC: EXPANSIONS
  • TABLE 153 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW
  • TABLE 154 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 155 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: OTHERS
  • TABLE 156 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW
  • TABLE 157 GENERAL ELECTRIC COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 158 GENERAL ELECTRIC COMPANY: DEALS
  • TABLE 159 GENERAL ELECTRIC COMPANY: EXPANSIONS
  • TABLE 160 GENERAL ELECTRIC COMPANY: OTHERS
  • TABLE 161 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 162 HD HYUNDAI ELECTRIC CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 163 HD HYUNDAI ELECTRIC CO., LTD.: OTHERS
  • TABLE 164 CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW
  • TABLE 165 CG POWER & INDUSTRIAL SOLUTION LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 166 CG POWER & INDUSTRIAL SOLUTIONS LTD.: DEALS
  • TABLE 167 CG POWER & INDUSTRIAL SOLUTIONS LTD.: EXPANSIONS
  • TABLE 168 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 169 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SERVICES/ SOLUTIONS OFFERED
  • TABLE 170 MITSUBISHI ELECTRIC CORPORATION: DEALS
  • TABLE 171 MITSUBISHI ELECTRIC CORPORATION: OTHERS
  • TABLE 172 HYOSUNG HEAVY INDUSTRIES: COMPANY OVERVIEW
  • TABLE 173 HYOSUNG HEAVY INDUSTRIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 174 HYOSUNG HEAVY INDUSTRIES: DEALS
  • TABLE 175 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW
  • TABLE 176 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCTS/SERVICES/ SOLUTIONS OFFERED
  • TABLE 177 BHARAT HEAVY ELECTRICALS LIMITED: OTHERS
  • TABLE 178 FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 179 FUJI ELECTRIC CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 180 FUJI ELECTRIC CO., LTD.: DEALS
  • TABLE 181 WEG: COMPANY OVERVIEW
  • TABLE 182 WEG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 183 WEG: DEALS
  • TABLE 184 WEG: EXPANSIONS
  • TABLE 185 EFACEC: COMPANY OVERVIEW
  • TABLE 186 EFACEC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 187 EFACEC: OTHERS
  • TABLE 188 LS ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 189 LS ELECTRIC CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 190 LS ELECTRIC CO., LTD.: DEALS
  • TABLE 191 LS ELECTRIC CO., LTD.: OTHERS
  • TABLE 192 TRANSFORMERS & RECTIFIERS (INDIA) LTD.: COMPANY OVERVIEW
  • TABLE 193 TRANSFORMERS & RECTIFIERS (INDIA) LTD.: PRODUCTS/SERVICES/ SOLUTIONS OFFERED
  • TABLE 194 TRANSFORMERS & RECTIFIERS (INDIA) LTD.: OTHERS
  • TABLE 195 SGB SMIT: COMPANY OVERVIEW
  • TABLE 196 NIAGARA TRANSFORMER CORP.: COMPANY OVERVIEW
  • TABLE 197 HAMMOND POWER SOLUTIONS: COMPANY OVERVIEW
  • TABLE 198 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.: COMPANY OVERVIEW
  • TABLE 199 WILSON POWER SOLUTIONS: COMPANY OVERVIEW
  • TABLE 200 ABC TRANSFORMERS (P) LTD: COMPANY OVERVIEW
  • TABLE 201 VIJAY POWER: COMPANY OVERVIEW
  • TABLE 202 JSHP TRANSFORMER: COMPANY OVERVIEW
  • TABLE 203 CHINT GROUP: COMPANY OVERVIEW
  • TABLE 204 JIANGSHAN SCOTECH ELECTRICAL CO., LTD: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 HIGH-VOLTAGE POWER TRANSFORMER MARKET SEGMENTATION
  • FIGURE 2 HIGH-VOLTAGE POWER TRANSFORMER MARKET: RESEARCH DESIGN
  • FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR HIGH-VOLTAGE POWER TRANSFORMERS
  • FIGURE 4 HIGH-VOLTAGE POWER TRANSFORMER MARKET: BOTTOM-UP APPROACH
  • FIGURE 5 HIGH-VOLTAGE POWER TRANSFORMER MARKET: TOP-DOWN APPROACH
  • FIGURE 6 KEY STEPS CONSIDERED TO ASSESS HIGH-VOLTAGE POWER TRANSFORMER SUPPLY
  • FIGURE 7 HIGH-VOLTAGE POWER TRANSFORMER MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 8 HIGH-VOLTAGE POWER TRANSFORMER MARKET: DATA TRIANGULATION
  • FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF HIGH-VOLTAGE POWER TRANSFORMER MARKET IN 2023
  • FIGURE 10 LPT (>60 MVA) SEGMENT TO HOLD LARGER SHARE OF HIGH-VOLTAGE POWER TRANSFORMER MARKET, BY POWER RATING, IN 2024
  • FIGURE 11 OIL-IMMERSED SEGMENT TO LEAD HIGH-VOLTAGE POWER TRANSFORMER MARKET THROUGHOUT FORECAST PERIOD
  • FIGURE 12 UTILITIES SEGMENT TO COMMAND HIGH-VOLTAGE POWER TRANSFORMER MARKET THROUGHOUT FORECAST PERIOD
  • FIGURE 13 FLOURISHING POWER DEMAND DUE TO URBANIZATION TO CONTRIBUTE TO MARKET GROWTH
  • FIGURE 14 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN HIGH-VOLTAGE POWER TRANSFORMER MARKET DURING FORECAST PERIOD
  • FIGURE 15 OIL-IMMERSED AND CHINA ACCOUNTED FOR LARGEST SHARES OF HIGH-VOLTAGE POWER TRANSFORMER MARKET IN ASIA PACIFIC IN 2023
  • FIGURE 16 LPT (>60 MVA) SEGMENT TO HOLD LARGER SHARE OF HIGH-VOLTAGE POWER TRANSFORMER MARKET IN 2029
  • FIGURE 17 OIL-IMMERSED HIGH-VOLTAGE POWER TRANSFORMERS TO HOLD LARGER MARKET SHARE THAN DRY-TYPE HIGH-VOLTAGE POWER TRANSFORMERS IN 2029
  • FIGURE 18 UTILITIES TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
  • FIGURE 19 HIGH-VOLTAGE POWER TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 20 ENERGY INVESTMENTS IN EMERGING MARKETS, BY SOURCE TYPE, 2019 AND 2022
  • FIGURE 21 GLOBAL INVESTMENTS IN POWER GRID PROJECTS, 2015–2022
  • FIGURE 22 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
  • FIGURE 23 HIGH-VOLTAGE POWER TRANSFORMER MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 24 HIGH-VOLTAGE POWER TRANSFORMER MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 25 INVESTMENT AND FUNDING SCENARIO
  • FIGURE 26 IMPORT DATA FOR HS CODE 850423-COMPLIANT TRANSFORMERS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • FIGURE 27 IMPORT DATA FOR HS CODE 850434-COMPLIANT TRANSFORMERS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • FIGURE 28 EXPORT DATA FOR HS CODE 850423-COMPLIANT TRANSFORMERS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • FIGURE 29 EXPORT DATA FOR HS CODE 850434-COMPLIANT TRANSFORMERS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • FIGURE 30 HIGH-VOLTAGE POWER TRANSFORMER MARKET: PATENTS APPLIED AND GRANTED, 2014–2023
  • FIGURE 31 AVERAGE SELLING PRICE TREND OF POWER TRANSFORMERS, BY REGION, 2020–2023
  • FIGURE 32 HIGH-VOLTAGE POWER TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 33 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS
  • FIGURE 34 KEY BUYING CRITERIA FOR TOP 3 END USERS
  • FIGURE 35 HIGH-VOLTAGE POWER TRANSFORMER MARKET SHARE, BY COOLING TYPE, 2023
  • FIGURE 36 HIGH-VOLTAGE POWER TRANSFORMER MARKET SHARE, BY POWER RATING, 2023
  • FIGURE 37 HIGH-VOLTAGE POWER TRANSFORMER MARKET SHARE, BY END USER, 2023
  • FIGURE 38 HIGH-VOLTAGE POWER TRANSFORMER MARKET SHARE, BY REGION, 2023
  • FIGURE 39 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN HIGH-VOLTAGE POWER TRANSFORMER MARKET FROM 2024 TO 2029
  • FIGURE 40 NORTH AMERICA: HIGH-VOLTAGE POWER TRANSFORMER MARKET SNAPSHOT
  • FIGURE 41 ASIA PACIFIC: HIGH-VOLTAGE POWER TRANSFORMER MARKET SNAPSHOT
  • FIGURE 42 HIGH-VOLTAGE POWER TRANSFORMER MARKET SHARE ANALYSIS, 2023
  • FIGURE 43 SEGMENTAL REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
  • FIGURE 44 COMPANY VALUATION (USD BILLION), 2023
  • FIGURE 45 FINANCIAL METRICS (EV/EBITDA), 2023
  • FIGURE 46 HIGH-VOLTAGE POWER TRANSFORMER MARKET: BRAND/PRODUCT COMPARISON
  • FIGURE 47 HIGH-VOLTAGE POWER TRANSFORMER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 48 HIGH-VOLTAGE POWER TRANSFORMER MARKET: COMPANY FOOTPRINT
  • FIGURE 49 HIGH-VOLTAGE POWER TRANSFORMER MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 50 SIEMENS ENERGY: COMPANY SNAPSHOT
  • FIGURE 51 HITACHI ENERGY LTD.: COMPANY SNAPSHOT
  • FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 53 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 54 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
  • FIGURE 55 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 56 CG POWER & INDUSTRIAL SOLUTION LTD.: COMPANY SNAPSHOT
  • FIGURE 57 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 58 HYOSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT
  • FIGURE 59 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
  • FIGURE 60 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 61 WEG: COMPANY SNAPSHOT
  • FIGURE 62 EFACEC: COMPANY SNAPSHOT
  • FIGURE 63 LS ELECTRIC CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 64 TRANSFORMERS & RECTIFIERS (INDIA) LTD.: COMPANY SNAPSHOT

This study undertook an extensive process to determine the current dimensions of the high voltage power transformer market, beginning with an in-depth secondary research phase focused on gathering data from the market, related markets, and the overall industry context. This initial data collection was followed by a thorough validation using primary research, which included discussions with industry experts across the value chain. Market size evaluations were then conducted for each country through a tailored analysis, leading to a detailed breakdown of the market. Data from these analyses were cross-checked to estimate the sizes of different segments and sub-segments. By integrating both secondary and primary research methods, the study ensures the findings are both accurate and reliable.

Secondary Research

Secondary sources referred to for this research study include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles from recognized authors, and databases of various companies and associations. Secondary research has been mainly used to obtain key information about the industry’s supply chain to identify the key players of various products and services, market classification and segmentation according to the offerings of major players, industry trends to the bottom-most level, regional markets, and key developments from market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts, such as chief executive officers (CEO), vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market.

In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods have been extensively used to perform the market size estimations and forecasts for all segments and sub-segments listed in this report. Extensive qualitative and quantitative analyses have been conducted to complete the market engineering process and list key information/insights throughout the report.

After the complete market engineering process (which includes calculations for market statistics, breakdown, size estimation, forecasts, and data triangulation), extensive primary research has been conducted to gather information and verify and validate the critical numbers obtained. Primary research has also been conducted to identify segments, industry trends, and the competitive landscape of the HV power transformer market.

High Voltage Power Transformer Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Using a bottom-up & top-down methodology, the high voltage power transformer market size has been carefully estimated and validated. This approach was used extensively to determine the size of several market subsegments. The following crucial phases are included in the research process.

This method has examined national and regional manufacturing statistics for all types of high voltage power transformers.

A significant amount of primary and secondary research has been conducted in order to fully understand the global market situation for various transformer types.

Prominent HV power transformer system development specialists, including major OEMs and Tier I suppliers, have been interviewed in several primary interviews.

When evaluating and projecting the market size, qualitative factors such as market drivers, restraints, opportunities, and challenges have been taken into account.

Global High voltage power transformer Market Size: Bottom-Up Approach

High Voltage Power Transformer Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Global High voltage power transformer Market Size: Top-Down Approach

High Voltage Power Transformer Market Top Down Approach

Data Triangulation

The determination of the overall market size was conducted using the outlined methodologies, which involved dividing the market into various segments and subsegments. To finalize the comprehensive market analysis and obtain accurate statistics for each segment and subsegment, techniques such as data triangulation and market segmentation were employed as needed. Data triangulation included a detailed analysis of different factors and trends from both demand and supply sides within the market ecosystem.

Global High voltage power transformer Market Size: Data Triangulation

High Voltage Power Transformer Market Data Triangulation

Market Definition

High Voltage Power transformers are essential components of electrical infrastructure, facilitating the efficient transmission and distribution of electricity across grids of various scales. These devices are crucial in converting voltage levels to enable electricity transmission over long distances with minimal loss. At their core, these transformers function by inducing changes in voltage through electromagnetic induction, allowing the transfer of electrical energy from one circuit to another. They are integral to the functioning of power systems, enabling the safe and reliable delivery of electricity to homes, businesses, and industries worldwide.

A high volage power transformer which operates at voltage above 69kV consists of two or more coils of insulated wire, known as windings, wound around a ferromagnetic core typically made of laminated steel. The primary winding receives electrical energy from the input voltage source, while the secondary winding delivers the transformed voltage to the output circuit. By varying the number of turns in each winding and the magnetic properties of the core material, transformers can step up or down voltage levels as required for efficient transmission and distribution. This ability to manipulate voltage is essential for balancing load demands, maintaining grid stability, and ensuring optimal performance of electrical systems.

These transformers are classified based on their end user, by power rating, cooling type. Regardless of their size or configuration, they are fundamental to the functioning of electrical grids, serving as indispensable components in the generation and transmission of electricity to meet the necessary demands.

The high voltage power transformer market refers to the year-on-year investments in high voltage power transformer across the five main regions, namely, North America, South America, Europe, Asia Pacific, and Middle East & Africa.

Key Stakeholders

  • Field device manufacturers
  • Public and private electric utilities
  • Distribution companies (DISCOMS)
  • Energy & power sector consulting companies
  • Government & research organizations
  • Independent power producers
  • Investment banks
  • Electrical equipment associations
  • Network and communication service providers.
  • Support and maintenance service providers
  • Smart grid players

Objectives of the Study

  • To describe and forecast the high voltage power transformer market based on component, communication technology, utility and region in terms of value.
  • To describe and forecast the market for five key regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa, along with their country-level market sizes in terms of value.
  • To forecast the hv power transformer market by component and region in terms of volume
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
  • To provide the supply chain analysis, trends/disruptions impacting customers’ businesses, market map, ecosystem analysis, tariffs and regulations, pricing analysis, patent analysis, case study analysis, technology analysis, key conferences and events, trade analysis, Porter’s five forces analysis, key stakeholders and buying criteria, and regulatory analysis of the market
  • To analyze opportunities for stakeholders in the high voltage power transformer and draw a competitive landscape of the market.
  • To benchmark market players using the company evaluation matrix, which analyzes market players on broad categories of business and product strategies adopted by them.
  • To compare key market players with respect to product specifications and applications
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as contracts & agreements, investments & expansions, mergers & acquisitions, new product launches, partnerships, joint ventures & collaborations, in the market

Available Customization

With the given market data, MarketsandMarkets offers customizations based on the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

Previous Versions of this Report

Custom Market Research Services

We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements

Get 10% Free Customisation

Growth opportunities and latent adjacency in High Voltage Power Transformer Market

+1-888600-6441

Corporate Office Hours

+1-888600-6441

US/Can Toll Free

+44-800-368-9399

UK Office Hours

©2024 Marketsandmarkets Research Private Ltd. All Rights Reserved.

DMCA.com Protection Status