Transformer Market Research Report Information By End User (Utility, Industrial, Residential & Commercial), By Cooling Type (Air-cooled, Oil-cooled), By Type (Distribution Transformer, power Transformer, others), By Power Rating (Small, Medium, Large), By Insulation (Dry Type, Liquid Immersed) - Forecast till 2032

1 Executive Summary

2 Market Introduction

2.1 Definition 17

2.2 Scope Of The Study 17

2.3 List Of Assumptions 17

2.4 Market Structure 18

3 Research Methodology

3.1 Research Process 20

3.2 Primary Research 21

3.3 Secondary Research 22

3.4 Market Size Estimation 22

3.5 Forecast Model 23

4 Market Dynamics

4.1 Introduction 25

4.2 Drivers 26

4.2.1 Rise In Transmission & Distribution Infrastructure Investments 26

4.2.2 Growth In Renewable Energy Sector 26

4.2.3 Drivers Impact Analysis 27

4.3 Restraints 28

4.3.1 High Initial Capital Cost Of Transformer 28

4.3.2 Reluctance To Replace Aging Infrastructure 28

4.3.3 Restraints Impact Analysis 29

4.4 Opportunity 29

4.4.1 Global Rise In Electricity Demand 29

5 Market Factor Analysis

5.1 Supply Chain Analysis 31

5.1.1 Raw Material Suppliers 31

5.1.2 Manufactures & Assemblers 31

5.1.3 End-User 31

5.2 Porter’s Five Forces Model 32

5.2.1 Threat Of New Entrants 32

5.2.2 Bargaining Power Of Suppliers 32

5.2.3 Bargaining Power Of Buyers 32

5.2.4 Threat Of Substitutes 32

5.2.5 Intensity Of Rivalry 33

6 Global Transformer Market, By Type

6.1 Overview 35

6.1.1 Distribution Transformer 35

6.1.2 Power Transformer 35

6.1.3 Others 35

7 Global Transformer Market, By Power Rating

7.1 Overview 39

7.1.1 Small Power 39

7.1.2 Medium Power 39

7.1.3 Large Power 39

8 Global Transformer Market, By Cooling Type

8.1 Overview 42

8.1.1 Oil-Cooled Transformer 42

8.1.2 Air-Cooled Transformer 42

9 Global Transformer Market, By Insulation

9.1 Overview 45

9.1.1 Dry Type 45

9.1.2 Liquid Immersed 45

10 Global Transformer Market, By End-User

10.1 Overview 48

10.1.1 Utility 48

10.1.2 Residential & Commercial 48

10.1.3 Industrial 48

11 Global Transformer Market, By Region

11.1 Introduction 52

11.2 Americas 54

11.2.1 U.S. 56

11.2.2 Canada 58

11.2.3 Brazil 60

11.2.4 Argentina 61

11.2.5 Rest Of Americas 63

11.3 Europe 65

11.3.1 Germany 68

11.3.2 U.K. 70

11.3.3 Russia 72

11.3.4 France 73

11.3.5 Rest Of Europe 75

11.4 Asia Pacific 78

11.4.1 China 80

11.4.2 India 82

11.4.3 Japan 84

11.4.4 Australia 86

11.4.5 Rest Of Asia Pacific 88

11.5 Middle East & Africa 90

11.5.1 Middle East 92

11.5.2 Africa 94

12 Competitive Landscape

12.1 Competitive Landscape 97

13 Company Profiles

13.1 ABB Ltd. 100

13.1.1 Company Overview 100

13.1.2 Financial Overview 100

13.1.3 Products Offerings 101

13.1.4 Key Developments 102

13.1.5 SWOT Analysis 103

13.1.6 Key Strategy 103

13.2 Eaton Corporation Plc 104

13.2.1 Company Overview 104

13.2.2 Financial Overview 104

13.2.3 Products Offerings 105

13.2.4 Key Developments 105

13.2.5 SWOT Analysis 105

13.2.6 Key Strategy 106

13.3 Schneider Electric SE 107

13.3.1 Company Overview 107

13.3.2 Financial Overview 107

13.3.3 Products Offerings 108

13.3.4 Key Developments 108

13.3.5 SWOT Analysis 109

13.3.6 Key Strategy 109

13.4 Siemens AG 110

13.4.1 Company Overview 110

13.4.2 Financial Overview 110

13.4.3 Products Offerings 111

13.4.4 Key Developments 111

13.4.5 SWOT Analysis 112

13.4.6 Key Strategy 112

13.5 Crompton Greaves Ltd. 113

13.5.1 Company Overview 113

13.5.2 Financial Overview 113

13.5.3 Products Offerings 114

13.5.4 SWOT Analysis 115

13.5.5 Key Strategy 115

13.6 Mitsubishi Electric Corporation 116

13.6.1 Company Overview 116

13.6.2 Financial Overview 116

13.6.3 Products Offerings 117

13.6.4 Key Developments 117

13.6.5 SWOT Analysis 117

13.6.6 Key Strategy 118

13.7 Toshiba Corporation 119

13.7.1 Company Overview 119

13.7.2 Financial Overview 119

13.7.3 Products Offerings 120

13.7.4 Key Developments 120

13.7.5 SWOT Analysis 121

13.7.6 Key Strategy 121

13.8 Bharat Heavy Electricals Limited 122

13.8.1 Company Overview 122

13.8.2 Financial Overview 122

13.8.3 Products Offerings 123

13.8.4 Key Developments 123

13.8.5 SWOT Analysis 123

13.8.6 Key Strategy 123

13.9 Hyosung Power & Industrial Solutions 124

13.9.1 Company Overview 124

13.9.2 Financial Overview 124

13.9.3 Products Offerings 124

13.9.4 SWOT Analysis 124

13.9.5 Key Strategy 125

13.10 SPX Transformer Solutions, Inc. 126

13.10.1 Company Overview 126

13.10.2 Financial Overview 126

13.10.3 Products Offerings 127

13.10.4 Key Developments 127

13.10.5 SWOT Analysis 127

13.10.6 Key Strategy 127

14 Appendix

14.1 References 129

15 List Of Tables

TABLE 1 MARKET SYNOPSIS 14

TABLE 2 LIST OF ASSUMPTIONS 17

TABLE 3 GLOBAL TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 37

TABLE 4 GLOBAL TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 40

TABLE 5 GLOBAL TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 43

TABLE 6 GLOBAL TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 46

TABLE 7 GLOBAL TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 50

TABLE 8 GLOBAL TRANSFORMER MARKET, BY REGION, 2024-2030 (USD MILLION) 53

TABLE 9 AMERICAS: TRANSFORMER MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 54

TABLE 10 AMERICAS: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 55

TABLE 11 AMERICAS: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 55

TABLE 12 AMERICAS: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 55

TABLE 13 AMERICAS: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 56

TABLE 14 AMERICAS: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 56

TABLE 15 U.S.: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 56

TABLE 16 U.S.: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 57

TABLE 17 U.S.: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 57

TABLE 18 U.S.: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 57

TABLE 19 U.S.: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 58

TABLE 20 CANADA: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 58

TABLE 21 CANADA: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 59

TABLE 22 CANADA: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 59

TABLE 23 CANADA: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 59

TABLE 24 BRAZIL: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 60

TABLE 25 BRAZIL: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 60

TABLE 26 BRAZIL: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 60

TABLE 27 BRAZIL: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 61

TABLE 28 BRAZIL: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 61

TABLE 29 ARGENTINA: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 62

TABLE 30 ARGENTINA: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 62

TABLE 31 ARGENTINA: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 62

TABLE 32 ARGENTINA: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 63

TABLE 33 ARGENTINA: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 63

TABLE 34 REST OF AMERICAS: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 63

TABLE 35 REST OF AMERICAS: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 64

TABLE 36 REST OF AMERICAS: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 64

TABLE 37 REST OF AMERICAS: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 64

TABLE 38 REST OF AMERICAS: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 65

TABLE 39 EUROPE TRANSFORMER MARKET, BY REGION, 2024-2030 (USD MILLION) 66

TABLE 40 EUROPE: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 66

TABLE 41 EUROPE: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 66

TABLE 42 EUROPE: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 67

TABLE 43 EUROPE: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 67

TABLE 44 EUROPE: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 67

TABLE 45 GERMANY: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 68

TABLE 46 GERMANY: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 68

TABLE 47 GERMANY: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 68

TABLE 48 GERMANY: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 69

TABLE 49 GERMANY: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 69

TABLE 50 U.K.: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 70

TABLE 51 U.K.: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 70

TABLE 52 U.K.: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 70

TABLE 53 U.K.: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 71

TABLE 54 U.K.: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 71

TABLE 55 RUSSIA: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 72

TABLE 56 RUSSIA: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 72

TABLE 57 RUSSIA: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 72

TABLE 58 RUSSIA: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 73

TABLE 59 RUSSIA: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 73

TABLE 60 FRANCE: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 74

TABLE 61 FRANCE: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 74

TABLE 62 FRANCE: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 74

TABLE 63 FRANCE: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 75

TABLE 64 FRANCE: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 75

TABLE 65 REST OF EUROPE: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 75

TABLE 66 REST OF EUROPE: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 76

TABLE 67 REST OF EUROPE: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 76

TABLE 68 REST OF EUROPE: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 76

TABLE 69 REST OF EUROPE: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 77

TABLE 70 ASIA PACIFIC TRANSFORMER MARKET, BY REGION, 2024-2030 (USD MILLION) 78

TABLE 71 ASIA PACIFIC: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 79

TABLE 72 ASIA PACIFIC: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 79

TABLE 73 ASIA PACIFIC: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 80

TABLE 74 ASIA PACIFIC: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 80

TABLE 75 CHINA: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 80

TABLE 76 CHINA: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 81

TABLE 77 CHINA: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 81

TABLE 78 CHINA: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 81

TABLE 79 CHINA: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 82

TABLE 80 INDIA: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 82

TABLE 81 INDIA: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 82

TABLE 82 INDIA: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 83

TABLE 83 INDIA: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 83

TABLE 84 INDIA: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 83

TABLE 85 JAPAN: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 84

TABLE 86 JAPAN: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 84

TABLE 87 JAPAN: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 85

TABLE 88 JAPAN: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 85

TABLE 89 JAPAN: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 85

TABLE 90 AUSTRALIA: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 86

TABLE 91 AUSTRALIA: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 86

TABLE 92 AUSTRALIA: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 87

TABLE 93 AUSTRALIA: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 87

TABLE 94 AUSTRALIA: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 87

TABLE 95 REST OF ASIA PACIFIC: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 88

TABLE 96 REST OF ASIA PACIFIC: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 88

TABLE 97 REST OF ASIA PACIFIC: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 88

TABLE 98 REST OF ASIA PACIFIC: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 89

TABLE 99 REST OF ASIA PACIFIC: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 89

TABLE 100 MIDDLE EAST & AFRICA TRANSFORMER MARKET, BY REGION, 2024-2030 (USD MILLION) 90

TABLE 101 MIDDLE EAST & AFRICA: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 90

TABLE 102 MIDDLE EAST & AFRICA: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 91

TABLE 103 MIDDLE EAST & AFRICA: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 91

TABLE 104 MIDDLE EAST & AFRICA: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 91

TABLE 105 MIDDLE EAST & AFRICA: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 92

TABLE 106 MIDDLE EAST: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 92

TABLE 107 MIDDLE EAST: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 92

TABLE 108 MIDDLE EAST: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 93

TABLE 109 MIDDLE EAST: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 93

TABLE 110 MIDDLE EAST: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 93

TABLE 111 AFRICA: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 94

TABLE 112 AFRICA: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 94

TABLE 113 AFRICA: TRANSFORMER MARKET, BY TYPE, 2024-2030 (USD MILLION) 95

TABLE 114 AFRICA: TRANSFORMER MARKET, BY INSULATION, 2024-2030 (USD MILLION) 95

TABLE 115 AFRICA: TRANSFORMER MARKET, BY END-USER, 2024-2030 (USD MILLION) 95

16 List Of Figures

FIGURE 1 GLOBAL TRANSFORMER MARKET: MARKET STRUCTURE 18

FIGURE 2 RESEARCH PROCESS OF MRFR 20

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 23

FIGURE 4 DRIVERS, RESTRAINTS, AND OPPORTUNITY OF GLOBAL TRANSFORMER MARKET 25

FIGURE 5 GLOBAL RENEWABLE INSTALLED CAPACITY IN (TW) 26

FIGURE 6 DRIVERS IMPACT ANALYSIS: TRANSFORMER MARKET 27

FIGURE 7 RESTRAINTS IMPACT ANALYSIS: ABC MARKET 29

FIGURE 8 VALUE CHAIN: TRANSFORMER MARKET 31

FIGURE 10 GLOBAL TRANSFORMER MARKET, BY TYPE, 2020 (% SHARE) 36

FIGURE 11 GLOBAL TRANSFORMER MARKET, BY TYPE, 2024 TO 2030 (USD MILLION) 36

FIGURE 12 GLOBAL TRANSFORMER MARKET, BY POWER RATING, 2020 (% SHARE) 39

FIGURE 13 GLOBAL TRANSFORMER MARKET, BY POWER RATING, 2024 TO 2030 (USD MILLION) 40

FIGURE 14 GLOBAL TRANSFORMER MARKET, BY COOLING TYPE, 2020 (% SHARE) 42

FIGURE 15 GLOBAL TRANSFORMER MARKET, BY COOLING TYPE, 2024 TO 2030 (USD MILLION) 43

FIGURE 16 GLOBAL TRANSFORMER MARKET, BY INSULATION, 2020 (% SHARE) 45

FIGURE 17 GLOBAL TRANSFORMER MARKET, BY INSULATION, 2024 TO 2030 (USD MILLION) 46

FIGURE 18 GLOBAL TRANSFORMER MARKET, BY END-USER, 2020 (% SHARE) 49

FIGURE 19 GLOBAL TRANSFORMER MARKET, BY END-USER, 2024 TO 2030 (USD MILLION) 49

FIGURE 20 GLOBAL TRANSFORMER MARKET, BY REGION, 2020 (% SHARE) 52

FIGURE 21 GLOBAL TRANSFORMER MARKET, BY REGION, 2024 TO 2030 (USD MILLION) 52

FIGURE 22 AMERICAS: TRANSFORMER MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 54

FIGURE 23 CANADA: TRANSFORMER MARKET, BY POWER RATING, 2024-2030 (USD MILLION) 58

FIGURE 24 EUROPE: TRANSFORMER MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 65

FIGURE 25 ASIA PACIFIC: TRANSFORMER MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 78

FIGURE 26 ASIA PACIFIC: TRANSFORMER MARKET, BY COOLING TYPE, 2024-2030 (USD MILLION) 79

FIGURE 27 MIDDLE EAST & AFRICA: TRANSFORMER MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 90

FIGURE 28 BENCHMARKING OF MAJOR COMPETITORS 97

FIGURE 29 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 98