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Single phase Transformer Market Size, Regional Outlook, Growth Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI842

Single Phase Transformer Market size is predicted to account for remunerative gains through 2027 due to the increasing demand for electricity worldwide and rising applicability of these transformers in distribution of electricity. Rapid industrialization across various countries would further stimulate the demand for single phase transformers worldwide, thus boosting the market progression.

Merits associated with single phase transformers including lesser weight, low cost, compact size, increased efficiency, need for lesser time to assembling, more power deliverance, and ease of installation would impel the demand for these transformers worldwide. Owing to these factors, the single phase transformers are being extensively used in marine, oil and gas, mining, and other industries.

However, lack of government investments in grid stability is poised to cause hinderance to the global single phase transformer market over the span of 2021-2027.

Single phase transformers are generally used for power distribution and voltage reduction for commercial and residential applications. In commercial low-voltage applications, the device works as a step-down voltage transformer.

Based on the technology, vacuum pressure impregnated (VPI) single phase transformers segment is estimated to account for notable gains. These transformers are impregnated with a high temperature polyester varnish and are designed to address most industrial and commercial applications. VPI transformers offer exceptional mechanical and short circuit strength, no liquids to lead, and no danger of explosion or fire. The VPI process is considered to be better than the standard dry-type transformer as it enables better penetration of the varnish in transformer coil. Advantages offered by these transformers include enhanced safety, reduced cost of cabling, need for minimal maintenance, increased reliability, and more, are anticipated to fuel the segmental growth through the coming years.

In terms of the component, the breather segment is expected to account for massive gains in the coming years. Breathers in the single phase transformers help in preventing atmospheric moisture thus reducing the maintenance costs. The material used in transformer breathers is silica gel. It is generally used to prevent moisture from entering the oil tanks during the breathing time of single phase transformers.

The global single phase transformer market is diversified into different regions. However, the growth in the market is anticipated to come from Asia Pacific. The regional market expansion would be driven by the ongoing developments in power generation and power distribution infrastructure. Governments across India, China, Japan, and other leading economies are investing heftily in refurbishing and bringing forth new power infrastructure projects in the states.

Some of the leading companies operating in the global single phase transformer business space are General Electric, ABB Ltd., Siemens AG, Hammond Power Solution, Schneider Electric SE, Eaton Corporation plc, Voltamp Transformer, Crompton Greaves, and others.

These vendors have been relentlessly working to put forth novel products in the space to secure a significant position in the global market.

COVID-19 impact on single phase transformer market trends

The global single phase transformer market has been severely impacted by the novel COVID-19 pandemic outbreak. This can be reasoned to the declining power consumption across various industrial and commercial spaces, given the imposition of movement restrictions and temporary halt in production and operations in these sectors. However, increasing power and electricity usage across residential sectors due to the work from home policies offered a boost to the product demand.

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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