EUROPE SMART TRANSFORMERS MARKET FORECAST 2017-2025
KEY FINDINGS
The Europe Smart transformers market was valued at $220 million in 2016 and is expected to reach $503 million by 2025 growing at a CAGR of 9.67% during the forecast period of 2017-2025. The major drivers facilitating the expansion of the market include a rise in the industrial growth, aging infrastructure leading to investment in smart grids, rising production of electricity and a growing demand for green energy.
MARKET INSIGHTS
The market is witnessing plenty of growth opportunities owing to the rising sales of hybrid and electric vehicles and the need for more reliable error free network. The segmentation of the market can be done in three parts: by component, by application, and by type. The components for this market include switches, converters, etc. The applications of this market can be observed in areas like traction locomotives, alternative power generation, electric vehicle charging station and power (distribution) grid. Although the power grid market held the major share in the year 2016, it is the alternative power generation segment that is expected to hold the largest share by the end of the forecast period. The market by type is classified into instrument transformer, specialty transformer distribution transformer, and power transformer. In the coming years, the distribution transformer is predicted to be the fastest growing type of the market.
COMPETITIVE INSIGHTS
Some of the top players in the market include Cooper Industry, Wilson Power Solutions Alstom, Amantys Limited, Grid Bridge, Inc, Crompton Greaves Ltd, Eaton Corporation Plc, Seimens, Schneider Electric, Maschinenfabrik Reinhausen Gmbh, and Tesla Transformers Ltd.
The Europe Smart transformers market was valued at $220 million in 2016 and is expected to reach $503 million by 2025 growing at a CAGR of 9.67% during the forecast period of 2017-2025. The major drivers facilitating the expansion of the market include a rise in the industrial growth, aging infrastructure leading to investment in smart grids, rising production of electricity and a growing demand for green energy.
MARKET INSIGHTS
The market is witnessing plenty of growth opportunities owing to the rising sales of hybrid and electric vehicles and the need for more reliable error free network. The segmentation of the market can be done in three parts: by component, by application, and by type. The components for this market include switches, converters, etc. The applications of this market can be observed in areas like traction locomotives, alternative power generation, electric vehicle charging station and power (distribution) grid. Although the power grid market held the major share in the year 2016, it is the alternative power generation segment that is expected to hold the largest share by the end of the forecast period. The market by type is classified into instrument transformer, specialty transformer distribution transformer, and power transformer. In the coming years, the distribution transformer is predicted to be the fastest growing type of the market.
COMPETITIVE INSIGHTS
Some of the top players in the market include Cooper Industry, Wilson Power Solutions Alstom, Amantys Limited, Grid Bridge, Inc, Crompton Greaves Ltd, Eaton Corporation Plc, Seimens, Schneider Electric, Maschinenfabrik Reinhausen Gmbh, and Tesla Transformers Ltd.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1. SMART TRANSFORMER MARKET: EVOLUTION & TRANSITION
4.2. MARKET DEFINITION & SCOPE
4.3. INDUSTRY STRUCTURE
4.4. REGULATORY FRAMEWORK
4.5. MARKET DYNAMICS
4.5.1. DRIVERS
4.5.1.1. RISE IN INDUSTRIAL GROWTH
4.5.1.2. AGING INFRASTRUCTURE LEADING TO INVESTMENT IN SMART GRIDS
4.5.1.3. HIGHER CONSUMPTIONS PATTERN IN HIGH GROWTH REGIONS
4.5.1.4. RISING PRODUCTION OF ELECTRICITY
4.5.1.5. COMPLIANCE WITH REGULATORY STANDARDS
4.5.1.6. GREEN ENERGY DEMAND ON THE RISE
4.5.2. RESTRAINTS
4.5.2.1. INFRASTRUCTURE COST
4.5.2.2. FLUCTUATION IN RAW MATERIAL PRICES
4.5.3. OPPORTUNITIES
4.5.3.1. RISE IN SALES OF HYBRID AND ELECTRIC VEHICLE
4.5.3.2. NEED FOR RELIABLE ERROR FREE NETWORK
4.5.3.3. INCREASING POWER SECTOR REFORMS IN DEVELOPING REGIONS
4.5.4. CHALLENGE
4.5.4.1. LARGE INITIAL INVESTMENTS
5. MARKET SEGMENTATION
5.1. BY TYPE
5.1.1. DISTRIBUTION TRANSFORMER
5.1.2. INSTRUMENT TRANSFORMER
5.1.3. POWER TRANSFORMER
5.1.4. SPECIALTY TRANSFORMER
5.2. BY COMPONENT
5.2.1. CONVERTER
5.2.2. SWITCH
5.2.3. OTHER COMPONENTS
5.3. BY APPLICATION
5.3.1. ELECTRIC VEHICLE CHARGING STATION
5.3.2. POWER (DISTRIBUTION) GRID
5.3.3. TRACTION LOCOMOTIVES
5.3.4. ALTERNATIVE POWER GENERATION
5.3.4.1. SOLAR POWER
5.3.4.2. WIND POWER
5.3.4.3. OTHERS
6. KEY ANALYTICS
6.1. PORTERS 5 FORCE
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. KEY BUYING CRITERIA
6.3. KEY OPPORTUNITY
6.4. KEY STRATEGY
6.5. IMPORTANT GROWING MARKETS
6.5.1. ALTERNATIVE POWER GENERATION
6.5.2. DISTRIBUTION TRANSFORMER
6.5.3. OTHER COMPONENTS
6.6. INVESTMENT ANALYSIS
7. GEOGRAPHICAL ANALYSIS
7.1. EUROPE
7.1.1. U.K.
7.1.2. FRANCE
7.1.3. GERMANY
7.1.4. SPAIN
7.1.5. REST OF EUROPE
8. COMPETITIVE ANALYSIS
8.1. KEY STRATEGIES & ANALYSIS
8.2. MARKET SHARE ANALYSIS
8.3. STRATEGIC INVESTMENT OPPORTUNITIES
8.3.1. REGIONAL OPPORTUNITIES
8.3.2. APPLICATIONS OPPORTUNITIES
8.3.3. DISTRIBUTION TRANSFORMERS - FASTEST GROWING OPPORTUNITY
8.4. TOP COMPANIES ANALYSIS
9. COMPANY PROFILES
9.1. ABB LTD.
9.2. ALSTOM SA
9.3. AMANTYS LIMITED
9.4. BHARAT HEAVY ELECTRICALS LIMITED
9.5. COOPER INDUSTRY
9.6. CROMPTON GREAVES LTD.
9.7. EATON CORPORATION PLC
9.8. GENERAL ELECTRIC CO.
9.9. GRID BRIDGE, INC.
9.10. GRIDCO SYSTEMS INC
9.11. HOWARD INDUSTRIES, INC.
9.12. INFINEON TECHNOLOGIES AG
9.13. MASCHINENFABRIK REINHAUSEN GMBH
9.14. MITSUBISHI ELECTRIC CORPORATION
9.15. SCHNEIDER ELECTRIC SE
9.16. SEIMENS AG
9.17. SPX CORPORATION
9.18. TESLA TRANSFORMERS LTD.
9.19. VARENTEC, INC.
9.20. WILSON POWER SOLUTIONS
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1. SMART TRANSFORMER MARKET: EVOLUTION & TRANSITION
4.2. MARKET DEFINITION & SCOPE
4.3. INDUSTRY STRUCTURE
4.4. REGULATORY FRAMEWORK
4.5. MARKET DYNAMICS
4.5.1. DRIVERS
4.5.1.1. RISE IN INDUSTRIAL GROWTH
4.5.1.2. AGING INFRASTRUCTURE LEADING TO INVESTMENT IN SMART GRIDS
4.5.1.3. HIGHER CONSUMPTIONS PATTERN IN HIGH GROWTH REGIONS
4.5.1.4. RISING PRODUCTION OF ELECTRICITY
4.5.1.5. COMPLIANCE WITH REGULATORY STANDARDS
4.5.1.6. GREEN ENERGY DEMAND ON THE RISE
4.5.2. RESTRAINTS
4.5.2.1. INFRASTRUCTURE COST
4.5.2.2. FLUCTUATION IN RAW MATERIAL PRICES
4.5.3. OPPORTUNITIES
4.5.3.1. RISE IN SALES OF HYBRID AND ELECTRIC VEHICLE
4.5.3.2. NEED FOR RELIABLE ERROR FREE NETWORK
4.5.3.3. INCREASING POWER SECTOR REFORMS IN DEVELOPING REGIONS
4.5.4. CHALLENGE
4.5.4.1. LARGE INITIAL INVESTMENTS
5. MARKET SEGMENTATION
5.1. BY TYPE
5.1.1. DISTRIBUTION TRANSFORMER
5.1.2. INSTRUMENT TRANSFORMER
5.1.3. POWER TRANSFORMER
5.1.4. SPECIALTY TRANSFORMER
5.2. BY COMPONENT
5.2.1. CONVERTER
5.2.2. SWITCH
5.2.3. OTHER COMPONENTS
5.3. BY APPLICATION
5.3.1. ELECTRIC VEHICLE CHARGING STATION
5.3.2. POWER (DISTRIBUTION) GRID
5.3.3. TRACTION LOCOMOTIVES
5.3.4. ALTERNATIVE POWER GENERATION
5.3.4.1. SOLAR POWER
5.3.4.2. WIND POWER
5.3.4.3. OTHERS
6. KEY ANALYTICS
6.1. PORTERS 5 FORCE
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. KEY BUYING CRITERIA
6.3. KEY OPPORTUNITY
6.4. KEY STRATEGY
6.5. IMPORTANT GROWING MARKETS
6.5.1. ALTERNATIVE POWER GENERATION
6.5.2. DISTRIBUTION TRANSFORMER
6.5.3. OTHER COMPONENTS
6.6. INVESTMENT ANALYSIS
7. GEOGRAPHICAL ANALYSIS
7.1. EUROPE
7.1.1. U.K.
7.1.2. FRANCE
7.1.3. GERMANY
7.1.4. SPAIN
7.1.5. REST OF EUROPE
8. COMPETITIVE ANALYSIS
8.1. KEY STRATEGIES & ANALYSIS
8.2. MARKET SHARE ANALYSIS
8.3. STRATEGIC INVESTMENT OPPORTUNITIES
8.3.1. REGIONAL OPPORTUNITIES
8.3.2. APPLICATIONS OPPORTUNITIES
8.3.3. DISTRIBUTION TRANSFORMERS - FASTEST GROWING OPPORTUNITY
8.4. TOP COMPANIES ANALYSIS
9. COMPANY PROFILES
9.1. ABB LTD.
9.2. ALSTOM SA
9.3. AMANTYS LIMITED
9.4. BHARAT HEAVY ELECTRICALS LIMITED
9.5. COOPER INDUSTRY
9.6. CROMPTON GREAVES LTD.
9.7. EATON CORPORATION PLC
9.8. GENERAL ELECTRIC CO.
9.9. GRID BRIDGE, INC.
9.10. GRIDCO SYSTEMS INC
9.11. HOWARD INDUSTRIES, INC.
9.12. INFINEON TECHNOLOGIES AG
9.13. MASCHINENFABRIK REINHAUSEN GMBH
9.14. MITSUBISHI ELECTRIC CORPORATION
9.15. SCHNEIDER ELECTRIC SE
9.16. SEIMENS AG
9.17. SPX CORPORATION
9.18. TESLA TRANSFORMERS LTD.
9.19. VARENTEC, INC.
9.20. WILSON POWER SOLUTIONS
LIST OF TABLES
Table 1 EUROPE SMART TRANSFORMER MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
Table 2 FLUCTUATIONS IN THE COPPER PRICES
Table 3 EUROPE SMART TRANSFORMER MARKET BY TYPE 2017-2025 ($ MILLION)
Table 4 EUROPE SMART TRANSFORMER MARKET BY COMPONENT 2017-2025 ($ MILLION)
Table 5 EUROPE SMART TRANSFORMER MARKET BY APPLICATION 2017-2025($ MILLION)
Table 6 EUROPE ALTERNATIVE POWER GENERATION MARKET BY SUB SEGMENTS 2017-2025 ($ MILLION)
Table 7 EUROPE SMART TRANSFORMER MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
Table 8 KEY PLAYERS IN UNITED KINGDOM
Table 9 KEY PLAYERS IN FRANCE
Table 10 KEY PLAYERS OF GERMANY
Table 11 KEY PLAYERS IN SPAIN
Table 12 KEY PLAYERS IN REST OF EUROPE
Table 13 KEY STRATEGIC NEWS
Table 1 EUROPE SMART TRANSFORMER MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
Table 2 FLUCTUATIONS IN THE COPPER PRICES
Table 3 EUROPE SMART TRANSFORMER MARKET BY TYPE 2017-2025 ($ MILLION)
Table 4 EUROPE SMART TRANSFORMER MARKET BY COMPONENT 2017-2025 ($ MILLION)
Table 5 EUROPE SMART TRANSFORMER MARKET BY APPLICATION 2017-2025($ MILLION)
Table 6 EUROPE ALTERNATIVE POWER GENERATION MARKET BY SUB SEGMENTS 2017-2025 ($ MILLION)
Table 7 EUROPE SMART TRANSFORMER MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
Table 8 KEY PLAYERS IN UNITED KINGDOM
Table 9 KEY PLAYERS IN FRANCE
Table 10 KEY PLAYERS OF GERMANY
Table 11 KEY PLAYERS IN SPAIN
Table 12 KEY PLAYERS IN REST OF EUROPE
Table 13 KEY STRATEGIC NEWS
LIST OF FIGURES
Figure 1 DEVELOPMENT TIMELINE OF TRANSFORMERS
Figure 2 PROCESS FLOW CHART OF SMART TRANSFORMER INDUSTRY
Figure 3 SUPPLIERS SELECTION CRITERIA EMPHASIS LAID BY MANUFACTURERS 2017 & 2025
Figure 4 INDUSTRY GROWTH ACROSS THE WORLD FROM 2012 -2015
Figure 5 ENERGY CONSUMPTIONS BY SECTOR IN 2016
Figure 6 RISING PRODUCTION OF ELECTRICITY IN TRILLION KWH
Figure 7 EUROPE DISTRIBUTION TRANSFORMER MARKET 2017-2025 ($ MILLION)
Figure 8 EUROPE INSTRUMENTS TRANSFORMER MARKET 2017-2024 ($ MILLION)
Figure 9 EUROPE POWER TRANSFORMER MARKET 2017-2025 ($ MILLION)
Figure 10 EUROPE SPECIALTY TRANSFORMER MARKET 2017-2025 ($ MILLION)
Figure 11 EUROPE SMART TRANSFORMER CONVERTER MARKET 2017-2025 ($ MILLION)
Figure 12 EUROPE SMART TRANSFORMER SWITCHES MARKET 2017-2025 ($ MILLION)
Figure 13 EUROPE SMART TRANSFORMER OTHER COMPONENT MARKET 2017-2025 ($ MILLION)
Figure 14 EUROPE SMART TRANSFORMER IN ELECTRIC VEHICLE (EV) CHARGING STATIONS MARKET 2017-2025 ($ MILLION)
Figure 15 EUROPE SMART TRANSFORMER IN POWER (DISTRIBUTION) GRID MARKET 2017-2025 ($ MILLION)
Figure 16 EUROPE SMART TRANSFORMER IN TRACTION LOCOMOTIVES MARKET 2017-2025 ($ MILLION)
Figure 17 EUROPE ALTERNATIVE POWER GENERATION MARKET 2017-2025 ($ MILLION)
Figure 18 EUROPE SOLAR POWER GENERATION MARKET 2017-2025 ($ MILLION)
Figure 19 EUROPE WIND POWER GENERATION MARKET 2017-2025 ($ MILLION)
Figure 20 EUROPE OTHER ALTERNATIVE POWER GENERATION MARKET 2017-2025 ($ MILLION)
Figure 21 KEY BUYING CRITERIA FOR SMART TRANSFORMERS, 2016, 2019. & 2023
Figure 22 EUROPE SMART TRANSFORMERS MARKET SHARE BY GEOGRAPHY 2016 & 2025 (% SHARE)
Figure 23 UNITED KINGDOM SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 24 FRANCE SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 25 GERMANY SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 26 SPAIN SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 27 ROE SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 28 MARKET SHARE ANALYSIS OF SMART TRANSFORMERS MARKET (2016)
Figure 1 DEVELOPMENT TIMELINE OF TRANSFORMERS
Figure 2 PROCESS FLOW CHART OF SMART TRANSFORMER INDUSTRY
Figure 3 SUPPLIERS SELECTION CRITERIA EMPHASIS LAID BY MANUFACTURERS 2017 & 2025
Figure 4 INDUSTRY GROWTH ACROSS THE WORLD FROM 2012 -2015
Figure 5 ENERGY CONSUMPTIONS BY SECTOR IN 2016
Figure 6 RISING PRODUCTION OF ELECTRICITY IN TRILLION KWH
Figure 7 EUROPE DISTRIBUTION TRANSFORMER MARKET 2017-2025 ($ MILLION)
Figure 8 EUROPE INSTRUMENTS TRANSFORMER MARKET 2017-2024 ($ MILLION)
Figure 9 EUROPE POWER TRANSFORMER MARKET 2017-2025 ($ MILLION)
Figure 10 EUROPE SPECIALTY TRANSFORMER MARKET 2017-2025 ($ MILLION)
Figure 11 EUROPE SMART TRANSFORMER CONVERTER MARKET 2017-2025 ($ MILLION)
Figure 12 EUROPE SMART TRANSFORMER SWITCHES MARKET 2017-2025 ($ MILLION)
Figure 13 EUROPE SMART TRANSFORMER OTHER COMPONENT MARKET 2017-2025 ($ MILLION)
Figure 14 EUROPE SMART TRANSFORMER IN ELECTRIC VEHICLE (EV) CHARGING STATIONS MARKET 2017-2025 ($ MILLION)
Figure 15 EUROPE SMART TRANSFORMER IN POWER (DISTRIBUTION) GRID MARKET 2017-2025 ($ MILLION)
Figure 16 EUROPE SMART TRANSFORMER IN TRACTION LOCOMOTIVES MARKET 2017-2025 ($ MILLION)
Figure 17 EUROPE ALTERNATIVE POWER GENERATION MARKET 2017-2025 ($ MILLION)
Figure 18 EUROPE SOLAR POWER GENERATION MARKET 2017-2025 ($ MILLION)
Figure 19 EUROPE WIND POWER GENERATION MARKET 2017-2025 ($ MILLION)
Figure 20 EUROPE OTHER ALTERNATIVE POWER GENERATION MARKET 2017-2025 ($ MILLION)
Figure 21 KEY BUYING CRITERIA FOR SMART TRANSFORMERS, 2016, 2019. & 2023
Figure 22 EUROPE SMART TRANSFORMERS MARKET SHARE BY GEOGRAPHY 2016 & 2025 (% SHARE)
Figure 23 UNITED KINGDOM SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 24 FRANCE SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 25 GERMANY SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 26 SPAIN SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 27 ROE SMART TRANSFORMER MARKET 2017-2025 ($MILLION)
Figure 28 MARKET SHARE ANALYSIS OF SMART TRANSFORMERS MARKET (2016)
