Home > Megatrends > Transformers

Transformers

Transformers are essential electrical equipment for the reliable and efficient power distribution. Growing electricity demand along with the increasing utilization of renewable energy sources have resulted in significant investments toward transmission & distribution (T&D) infrastructure and grid refurbishment. The developing countries across the globe have witnessed a substantial surge in the economic growth and the electrification rate. The existing electric infrastructure across the globe is aging and requires significant improvements in its operations. The leading players in the industry are focusing on several R&D activities to provide transformers with enhanced efficiency while lowering the overall environmental impact. Moreover, regulatory bodies worldwide have catalyzed investments across the energy and electrical infrastructure, which is further set to stimulate the industry growth.

Rising public and private investments toward the expansion and upgrading of grid infrastructure with an aim to establish a reliable and affordable electric supply network will augment the transformer market. Bulk investments from several financial institutions including the World Bank and Asian Development Bank (ADB) has positively influenced the advancement of existing electric infrastructure.

Drivers:

  • Regulators across the region have a strong inclination toward renewable network expansion, boosting the demand for grid modernization and revamping.
  • National renewable targets coupled with redundancy toward the expansion of conventional electrical networks.
  • Rising investments to establish a sustainable electrical network coupled with favorable regulatory reforms pertaining to rural electrification.
  • The growth in the Purchasing Power Parity (PPP) over the past decade has positively influenced the electricity demand surging the expansion of electrical infrastructure.
  • Ongoing measures to upgrade and expand the conventional grid infrastructure coupled with the rapid adoption of smart T&D technologies.

Filters

  •    Boilers
  •     Coatings, Pigments & Dyes
  •     Communications
  •     Compressors
  •     Data Centers
  •     Diagnostics & Monitoring
  •     Electrical Equipment
  •     Energy Storage & Battery
  •     Enterprise Applications
  •     Generator Sets
  •     Healthcare IT
  •     Heat Pumps
  •     Heating & Cooling
  •     Heavy Machinery
  •     Lines & Cables
  •     Lubricants, Oils & Greases
  •     Metals & Minerals
  •     Mobility
  •     Networking
  •     Next Gen Technology
  •     Nutraceuticals & Functional Foods
  •     Oil & Gas
  •     Packaging
  •     Payments
  •     Personal Protective Equipment
  •     Pharmaceuticals
  •     Plant Based Alternatives
  •     Polymers
  •     Proteins
  •     Renewable Chemistry
  •     Semiconductor Devices
  •     Sensors & Controls
  •     Surfactants & Disinfectants
  •     Textiles
  •     Transformers
  •    Water Heaters

Published: July 2024   

North America Oil Filled Transformer Market110 Pages

North America Oil Filled Transformer Market was valued at USD 10.2 billion in 2023 and is expected to register at a 7.3% CAGR between 2024 and 2032. ...

Published: July 2024   

Distribution Transformer Market110 Pages

Distribution Transformer market size was assessed at USD 30.3 bn in 2023 and will grow at a CAGR of 8.7% between 2024 and 2032 ....

Published: June 2024   

Power Transformer Market110 Pages

Power Transformer Market was valued at USD 20.7 billion in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2032....

Published: April 2024   

Ethernet Connector and Transformer Market100 Pages

Ethernet connector and transformer market size is expected to grow substantially over 2024-2032 driven by the rising demand for telecommunications infrastructure....

Published: February 2024   

Voltage Transformer Market100 Pages

The voltage transformer market is projected to witness substantial growth in the coming years due to the leading companies bolster their presence in the market....

Published: September 2023   

Asia Pacific Transformer Market300 Pages

Asia Pacific Transformer Market size was valued at USD 22.4 billion in 2023 and is projected to grow at a CAGR of 5.4% between 2024 and 2032....

Published: August 2023   

North America Dry Type Transformer Market345 Pages

North America Dry Type Transformer Market size was valued at USD 2.8 billion in 2022 and is slated to exhibit over 8.6% CAGR from 2023 to 2032. ...

Published: August 2023   

Europe Oil Filled Distribution Transformer Market270 Pages

Europe Oil Filled Distribution Transformer Market size was valued at USD 2.9 billion in 2022 and is predicted to expand at over 9% CAGR from2023 to 2032. ...

Published: July 2023   

U.S. Oil Filled Distribution Transformer Market50 Pages

U.S. Oil Filled Distribution Transformer Market size was valued at USD 4.8 billion in 2023 and is anticipated to grow at a CAGR of 7.4% between 2024 and 2032....

Published: July 2023   

Pad Mounted Distribution Transformer Market1050 Pages

Pad Mounted Distribution Transformer Market size reached USD 10 billion in 2023 and is estimated to exhibit 7.8% CAGR from 2024 to 2032....

Published: July 2023   

Closed Core Transformer Market500 Pages

Closed Core Transformer Market size was valued at USD 20.8 billion in 2023 and is projected to grow at a CAGR of 6.3% between 2024 and 2032....

Published: July 2023   

Current Transformer Market590 Pages

Current Transformer Market size was valued at around USD 2.1 billion in 2023 and is estimated to expand at 6.7% CAGR from 2024 to 2032....

Published: June 2023   

India Dry Type Transformer Market120 Pages

India Dry Type Transformer Market size surpassed USD 640.3 million in 2023 and is anticipated to grow at a CAGR of 7.3% from 2024 to 2032....

Published: June 2023   

Transformer Market900 Pages

Transformer Market size valued at USD 58.8 billion in 2023 and is anticipated to grow at a CAGR of 7% between 2024 and 2032....

Published: May 2023   

U.S. Oil & Gas Electrification Market50 Pages

U.S. Oil & Gas Electrification Market size crossed USD 93 million in 2022 and is anticipated to grow at a CAGR of over 5.1% from 2023 to 2032....

Published: May 2023   

Oil Filled Distribution Transformer Market550 Pages

Oil Filled Distribution Transformer Market size was valued at USD 19.2 billion in 2022 and is anticipated to showcase around 7.8% CAGR from 2023 to 2032....

Published: March 2023   

Pad Mounted Transformer Market400 Pages

Pad Mounted Transformer Market size valued at USD 18.5 billion in 2022 and is projected to expand at more than 7% CAGR from 2023 to 2032 driven by favorable regulatory policies and schemes toward the refurbishment of conventional technologies....

Published: March 2023   

Europe Oil Filled Transformer Market350 Pages

Europe Oil Filled Transformer Market size recorded at USD 5 billion in 2022 and is projected to expand at more than 7.5% CAGR from 2023 to 2032 driven by the strong presence of key industry players in the region....

Published: March 2023   

Dry Type Transformer Market800 Pages

Dry Type Transformer Market size valued at USD 15.5 billion in 2023 and is projected to expand at more than 8.9% CAGR from 2024 to 2032....

Published: December 2022   

Oil Filled Transformer Market750 Pages

Oil Filled Transformer Market size exceeded USD 37 billion in 2022 and is projected to grow at more than 6.5% CAGR from 2023 to 2032....

Published: June 2022   

Instrument Transformers Market865 Pages

Instrument Transformers Market size exceeded USD 4.3 billion in 2023 and is projected to expand at over 8.3% CAGR from 2024 to 2032....

Displaying 21 records out of 1 on Page 1 of 1