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Converter Transformer Market by Configuration (Back-to-Back, Monopolar, Bipolar, and Multi-terminal), Voltage level, Application (Windfarms, Oil & Gas, and Grid interconnections), Power rating, and by Region - Global trends and forecast to 2020

August 2015 | 130 pages | ID: C055654753EEN
MarketsandMarkets

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This report estimates the global converter transformer market in terms of value in USD million. This has been broken down into regions, and further split into countries.

Increased focus on renewable energy generation has been a key trend in the global power industry scenario. Countries are progressively investing into renewable power projects to ensure sustainable increase in their unconventional power generation capabilities thereby reducing the dependence on fossil fuels. Integration of these upcoming renewable power projects as well as the existing ones into the existing grid is key factor contributing to the growth of converter transformer market.

The size of the overall market has been determined by forecast techniques, based on region-wise investments on HVDC transmission projects. The market is expected to grow at a very high CAGR of approximately 18.2% from 2015 to 2020.

The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past four years. Market drivers, restraints, and opportunities of the market have been discussed in detail. The leading players of the market such as ABB Ltd. (Switzerland), General Electric (U.S.), Siemens (Germany), and Crompton Greaves (India) have been profiled in this report.

Scope of the report: This study estimates the global converter transformer market in terms of application, voltage level, configuration, power rating and region till 2020. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. It also covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the converter transformer market.

Various secondary sources such as encyclopedias, directories, and databases have been used to identify and collect information that was useful for this extensive commercial study of the global converter transformer market. Primary sources, experts, manufacturers, and service providers from the industry have been interviewed to obtain and verify critical information as well as assess future prospects of the global power metering market.

On the basis of application: Windfarms, Oil & gas, and Grid interconnections

On the basis of configuration: Back-to-Back, Monopolar, Bipolar, and Multi-terminal

On the basis of voltage level: Up to 200kV, 201-400kV, 401-600kV, 601-800kV, and 800+kV

On the basis of power rating: Below 500MW, 501-999MW, 1000-2000MW and Above 2000MW

On the basis of region: Americas, Europe, and Asia-Pacific
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKETS COVERED
  1.3.1 MARKETS COVERED: CONVERTER TRANSFORMER MARKET
  1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
    2.1.1.1 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Key data from primary sources
    2.1.2.2 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
    2.2.1.1 Top-down approach
    2.2.1.2 Bottom-up approach
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE CONVERTER TRANSFORMER MARKET
4.2 CONVERTER TRANSFORMER MARKET, BY CONFIGURATION
4.3 CONVERTER TRANSFORMER MARKET, BY REGION
4.4 CONVERTER TRANSFORMER MARKET, BY POWER RATING
4.5 CONVERTER TRANSFORMER MARKET, BY APPLICATION

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 CONVERTER TRANSFORMER MARKET SEGMENTATION
  5.2.1 BY POWER RATING
  5.2.2 BY CONFIGURATION
  5.2.3 BY VOLTAGE LEVEL
  5.2.4 BY APPLICATION
  5.2.5 BY REGION
5.3 MARKET DYNAMICS
  5.3.1 DRIVERS
    5.3.1.1 Demand for efficient transmission solutions
    5.3.1.2 Need for integration of grid infrastructure
    5.3.1.3 Rising government investments
  5.3.2 RESTRAINTS
    5.3.2.1 High capital requirements
    5.3.2.2 Absence of standardization
  5.3.3 OPPORTUNITIES
    5.3.3.1 Rapid increase in offshore wind farms
    5.3.3.2 Rising environmental concern towards high power transmission
  5.3.4 CHALLENGES
    5.3.4.1 Lengthy approval procedures for HVDC projects
  5.3.5 IMPACT ANALYSIS OF MARKET DYNAMICS

6 INDUSTRY TRENDS

6.1 INTRODUCTION
6.2 SUPPLY CHAIN ANALYSIS
6.3 PORTER’S FIVE FORCES ANALYSIS
  6.3.1 THREAT OF NEW ENTRANTS
  6.3.2 THREAT OF SUBSTITUTES
  6.3.3 BARGAINING POWER OF SUPPLIERS
  6.3.4 BARGAINING POWER OF BUYERS
  6.3.5 DEGREE OF COMPETITION

7 GLOBAL CONVERTER TRANSFORMER MARKET, BY CONFIGURATION

7.1 INTRODUCTION
7.2 MONOPOLAR
7.3 BACK-TO-BACK
7.4 BIPOLAR
7.5 MULTI-TERMINAL

8 GLOBAL CONVERTER TRANSFORMER MARKET, BY POWER RATING

8.1 INTRODUCTION
8.2 BELOW 500 MW
8.3 501 MW–999 MW
8.4 1000 MW–2000 MW
8.5 ABOVE 2000 MW

9 CONVERTER TRANSFORMER MARKET, BY VOLTAGE LEVEL

9.1 INTRODUCTION
9.2 201-400 KV
9.3 401-600 KV
9.4 601-800 KV

10 CONVERTER TRANSFORMER MARKET, BY APPLICATION

10.1 INTRODUCTION
10.2 WINDFARMS
10.3 OIL & GAS
10.4 GRID CONNECTIONS

11 CONVERTER TRANSFORMER MARKET, BY REGION

11.1 INTRODUCTION
11.2 AMERICAS
11.3 ASIA-PACIFIC
11.4 EUROPE

12 COMPETITIVE LANDSCAPE

12.1 OVERVIEW
12.2 ANALYSIS OF MARKET DEVELOPMENTS
12.3 COMPETITIVE SITUATION & TRENDS
12.4 CONTRACTS & AGREEMENTS
12.5 NEW PRODUCT DEVELOPMENTS
12.6 MERGERS & ACQUISITIONS
12.7 OTHER DEVELOPMENTS

13 COMPANY PROFILES

13.1 INTRODUCTION
13.2 ABB LTD.
13.3 GENERAL ELECTRIC
13.4 TEBIAN ELECTRIC APPARATUS STOCK COMPANY LTD.
13.5 SIEMENS AG
13.6 CROMPTON GREAVES LTD.
13.7 BHARAT HEAVY ELECTRICALS LIMITED
13.8 TOSHIBA
13.9 KIRLOSKAR ELECTRIC COMPANY LIMITED
13.10 SHADONG POWER EQUIPMENT COMPANY LIMITED
13.11 XIAN XD TRANSFORMER CO. LTD

14 APPENDIX

14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS

LIST OF TABLES

Table 1 CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013–2020 (USD MILLION)
Table 2 MONOPOLAR: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020(USD MILLION)
Table 3 MONOPOLAR: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Table 4 MONOPOLAR: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
Table 5 MONOPOLAR: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 6 BACK-TO-BACK: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020 (USD MILLION)
Table 7 BACK-TO-BACK: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Table 8 BACK-TO-BACK: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
Table 9 501MW-999MW: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 10 BIPOLAR: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020 (USD MILLION)
Table 11 BIPOLAR: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020(USD MILLION)
Table 12 BIPOLAR: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
Table 13 BIPOLAR: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 14 MULTI-TERMINAL: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013–2020(USD MILLION)
Table 15 MULTI-TERMINAL: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Table 16 MULTI-TERMINAL: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
Table 17 MULTI-TERMINAL: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 18 CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020(USD MILLION)
Table 19 BELOW 500 MW: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013–2020 (USD MILLION)
Table 20 BELOW 500 MW: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Table 21 BELOW 500 MW: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
Table 22 BELOW 500 MW: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 23 501 MW – 999 MW: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013–2020 (USD MILLION)
Table 24 501 MW–999 MW: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Table 25 501 MW–999 MW: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
Table 26 501 MW–999 MW: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 27 1000 MW–2000 MW: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013–2020 (USD MILLION)
Table 28 1000 MW–2000 MW: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Table 29 1000 MW–2000 MW: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
Table 30 1000 MW–2000 MW: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 31 ABOVE 2000 MW: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013–2020 (USD MILLION)
Table 32 ABOVE 2000 MW: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020(USD MILLION)
Table 33 ABOVE 2000 MW: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
Table 34 ABOVE 2000 MW: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 35 CONVERTER TRANSFORMER MARKET SIZE, BY VOLTAGE LEVEL, 2013-2020 (USD MILLION)
Table 36 UP TO 200 KV: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
Table 37 201–400 KV: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
Table 38 401–600 KV: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Table 39 601–800 KV: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
Table 40 CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
Table 41 WINDFARMS: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
Table 42 WINDFARMS: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013-2020 (USD MILLION)
Table 43 WINDFARMS: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020 (USD MILLION)
Table 44 OIL & GAS: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Table 45 OIL & GAS: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013-2020 (USD MILLION)
Table 46 OIL & GAS: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020 (USD MILLION)
Table 47 GRID CONNECTIONS: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
Table 48 GRID CONNECTIONS: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013-2020 (USD MILLION)
Table 49 GRID CONNECTIONS: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2012–2019 (USD MILLION)
Table 50 CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
Table 51 AMERICAS: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013-2020 (USD MILLION)
Table 52 AMERICAS: CONVERTER TRANSFORMER MARKET SIZE, BY VOLTAGE LEVEL, 2013-2020 (USD MILLION)
Table 53 AMERICAS: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020 (USD MILLION)
Table 54 AMERICAS: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
Table 55 AMERICAS: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 56 ASIA-PACIFIC: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013-2020 (USD MILLION)
Table 57 ASIA-PACIFIC: CONVERTER TRANSFORMER MARKET SIZE, BY VOLTAGE LEVEL, 2013-2020 (USD MILLION)
Table 58 ASIA-PACIFIC: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020 (USD MILLION)
Table 59 ASIA-PACIFIC: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
Table 60 ASIA-PACIFIC: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 61 EUROPE: CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013-2020 (USD MILLION)
Table 62 EUROPE: CONVERTER TRANSFORMER MARKET SIZE, BY VOLTAGE LEVEL, 2013-2020 (USD MILLION)
Table 63 EUROPE: CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING, 2013–2020 (USD MILLION)
Table 64 EUROPE: CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
Table 65 EUROPE: CONVERTER TRANSFORMER MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION)
Table 66 CONTRACTS & AGREEMENTS 2011-2015
Table 67 NEW PRODUCT DEVELOPMENTS 2011-2015
Table 68 MERGERS & ACQUISITIONS 2011-2015
Table 69 OTHER DEVELOPMENTS 2011-2015

LIST OF FIGURES

Figure 1 CONVERTER TRANSFORMER MARKET: RESEARCH METHODOLOGY
Figure 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, & REGION
Figure 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
Figure 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
Figure 5 MARKET ESTIMATION APPROACH & DATA TRIANGULATION METHODOLOGY
Figure 6 CONVERTER TRANSFORMERS MARKET SNAPSHOT (2015 VS 2020): TRANSFORMER WITH POWER RATING ABOVE 2000 MW IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 7 CONVERTER TRANSFORMER MARKET SHARE, BY CONFIGURATION, 2015-2019 (USD MILLION)
Figure 8 CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2015-2020 (USD MILLION)
Figure 9 GLOBAL CONVERTER TRANSFORMER MARKET SHARE, 2014
Figure 10 EMERGING ECONOMIES PRESENT PROMISING MARKETS
Figure 11 MULTI-TERMINAL CONFIGURATION SEGMENT IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
Figure 12 ASIA-PACIFIC IS EXPECTED TO GROW WITH THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 13 MARKET FOR CONVERTER TRANSFORMERS WITH POWER RATING ABOVE 2000 MW IS EXPECTED TO REMAIN DOMINANT TILL 2020
Figure 14 INCREASING DEMAND FOR OFFSHORE WINDFARMS TO BOOST THE CONVERTER TRANSFOMER MARKET
Figure 15 CONVERTER TRANSFORMER MARKET SEGMENTATION
Figure 16 MARKET SEGMENTATION: BY POWER RATING
Figure 17 MARKET SEGMENTATION: BY CONFIGURATION
Figure 18 MARKET SEGMENTATION: BY VOLTAGE LEVEL
Figure 19 MARKET SEGMENTATION: BY APPLICATION
Figure 20 MARKET SEGMENTATION: BY REGION
Figure 21 CONVERTER TRANSFORMER MARKET DYNAMICS
Figure 22 COMPARISON OF AC AND DC TRANSMISSION COSTS
Figure 23 WORLD OFFSHORE WIND POWER CAPACITY (MW), 2003-2014
Figure 24 IMPACT OF MARKET DYNAMICS
Figure 25 CONVERTER TRANSFORMER MARKET: SUPPLY CHAIN ANALYSIS
Figure 26 PORTER’S FIVE FORCES ANALYSIS: CONVERTER TRANSFORMER MARKET
Figure 27 CONVERTER TRANSFORMER MARKET SIZE, BY CONFIGURATION, 2013-2020 (USD MILLION)
Figure 28 SCHEMATIC DIAGRAM OF MONOPOLAR CONVERTER
Figure 29 SCHEMATIC FOR BACK-TO-BACK CONVERTER
Figure 30 SCHEMATIC OF BIPOLAR CONVERTER
Figure 31 SCHEMATIC DIAGRAM OF MULTI-TERMINAL CONVERTER
Figure 32 CONVERTER TRANSFORMER MARKET SIZE, BY POWER RATING 2013 - 2020 (USD MILLION)
Figure 33 CONVERTER TRANSFORMER MARKET SIZE, 2013-2020 (USD MILLION)
Figure 34 ABOVE 800 KV: CONVERTER TRANSFORMER MARKET SIZE, BY REGION, 2013–2020 (USD MILLION)
Figure 35 CONVERTER TRANSFORMER MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
Figure 36 REGIONAL SNAPSHOT (2015 – 2020) – ASIA-PACIFIC MARKET SET TO GROW AT THE FASTEST PACE AMONG OTHER REGIONS
Figure 37 CONVERTER TRANSFORMER MARKET SIZE, 2013-2020 (USD MILLION)
Figure 38 1001 – 2000 MW RATED TRANSFORMERS HELD THE LARGEST SHARE IN AMERICAS MARKET
Figure 39 ABOVE 2000 MW RATED TRANSFORMER HELD THE LARGEST SHARE IN THE ASIA-PACIFIC MARKET IN 2014
Figure 40 BIPOLAR CONFIGURATION TRANSFORMERS HELD THE LARGEST SHARE WITHIN THE EUROPEAN MARKET IN 2014
Figure 41 COMPANIES ADOPTED VARIOUS GROWTH STRATEGIES IN THE PAST FOUR YEARS, 2011 -2015
Figure 42 MARKET LEADERS BASED ON THE DEVELOPMENTS 2011-2015
Figure 43 MARKET EVOLUTION FRAMEWORK: CONTRACTS & AGREEMENTS AND NEW PRODUCT DEVELOPMENT ARE MAJOR STRATEGIES ADOPTED BY KEY PLAYERS
Figure 44 BATTLE FOR MARKET SHARE: CONTRACTS & AGREEMENTS IS THE KEY STRATEGY ADOPTED BY THE KEY PLAYERS
Figure 45 REGIONAL REVENUE MIX OF TOP MARKET PLAYERS
Figure 46 ABB LTD.: COMPANY SNAPSHOT
Figure 47 ABB LTD.: SWOT ANALYSIS
Figure 48 GENERAL ELECTRIC: COMPANY SNAPSHOT
Figure 49 GENERAL ELECTRIC: SWOT ANALYSIS
Figure 50 SIEMENS AG: COMPANY SNAPSHOT
Figure 51 SIEMENS AG: SWOT ANALYSIS
Figure 52 CROMPTON GREAVES: COMPANY SNAPSHOT
Figure 53 CROMPTON GREAVES LTD.: SWOT ANALYSIS
Figure 54 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
Figure 55 TOSHIBA: COMPANY SNAPSHOT
Figure 56 KIRLOSKAR ELECTRIC COMPANY LIMITED: COMPANY SNAPSHOT


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