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Global Transformers Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 123 pages | ID: G7AC3EF2DD00EN
APO Research

US$ 3,450.00

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A transformer is an electrical device that transfers energy between two or more circuits through electromagnetic induction. In grid networks, two main types of transformers are used – power transformers and distribution transformers.

According to APO Research, The global Transformers market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Asia-Pacific is the largest Transformers market with about 49% market share. Europe is follower, accounting for about 21% market share.

The key players are ABB, TBEA, SIEMENS, GE, JSHP Transformer, Schneider, Sanbian Sci-Tech, SGB-SMIT, TOSHIBA, Qingdao Transformer Group, Mitsubishi Electric, SPX, Eaton, Efacec, Hitachi, Alstom, Crompton Greaves, Sunten Electric, Daihen, Fuji Electric, Qiantang River Electric, ZTR, Dachi Electric, Hyundai, Luneng, Tianwei Group, Hyosung etc. Top 3 companies occupied about 22% market share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Transformers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Transformers.

The Transformers market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Transformers market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • ABB
  • TBEA
  • SIEMENS
  • GE
  • JSHP Transformer
  • Schneider
  • Sanbian Sci-Tech
  • SGB-SMIT
  • TOSHIBA
  • Qingdao Transformer Group
  • Mitsubishi Electric
  • SPX
  • Eaton
  • Efacec
  • Hitachi
  • Alstom
  • Crompton Greaves
  • Sunten Electric
  • Daihen
  • Fuji Electric
  • Qiantang River Electric
  • ZTR
  • Dachi Electric
  • Hyundai
  • Luneng
  • Tianwei Group
  • Hyosung
Transformers segment by Type
  • Power Transformer
  • Distribution Transformer
  • Others
Transformers segment by Application
  • Power Industry
  • Metallurgy Industry
  • Petrochemicals Industry
  • Railways Industry
  • Urban Construction
Transformers Segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Transformers market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Transformers and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Transformers.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Transformers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Transformers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
  1.2.1 Global Transformers Market Size Estimates and Forecasts (2019-2030)
  1.2.2 Global Transformers Sales Estimates and Forecasts (2019-2030)
1.3 Transformers Market by Type
  1.3.1 Power Transformer
  1.3.2 Distribution Transformer
  1.3.3 Others
1.4 Global Transformers Market Size by Type
  1.4.1 Global Transformers Market Size Overview by Type (2019-2030)
  1.4.2 Global Transformers Historic Market Size Review by Type (2019-2024)
  1.4.3 Global Transformers Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
  1.5.1 North America Transformers Sales Breakdown by Type (2019-2024)
  1.5.2 Europe Transformers Sales Breakdown by Type (2019-2024)
  1.5.3 Asia-Pacific Transformers Sales Breakdown by Type (2019-2024)
  1.5.4 Latin America Transformers Sales Breakdown by Type (2019-2024)
  1.5.5 Middle East and Africa Transformers Sales Breakdown by Type (2019-2024)

2 GLOBAL MARKET DYNAMICS

2.1 Transformers Industry Trends
2.2 Transformers Industry Drivers
2.3 Transformers Industry Opportunities and Challenges
2.4 Transformers Industry Restraints

3 MARKET COMPETITIVE LANDSCAPE BY COMPANY

3.1 Global Top Players by Transformers Revenue (2019-2024)
3.2 Global Top Players by Transformers Sales (2019-2024)
3.3 Global Top Players by Transformers Price (2019-2024)
3.4 Global Transformers Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Transformers Key Company Manufacturing Sites & Headquarters
3.6 Global Transformers Company, Product Type & Application
3.7 Global Transformers Company Commercialization Time
3.8 Market Competitive Analysis
  3.8.1 Global Transformers Market CR5 and HHI
  3.8.2 Global Top 5 and 10 Transformers Players Market Share by Revenue in 2023
  3.8.3 2023 Transformers Tier 1, Tier 2, and Tier

4 TRANSFORMERS REGIONAL STATUS AND OUTLOOK

4.1 Global Transformers Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Transformers Historic Market Size by Region
  4.2.1 Global Transformers Sales in Volume by Region (2019-2024)
  4.2.2 Global Transformers Sales in Value by Region (2019-2024)
  4.2.3 Global Transformers Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Transformers Forecasted Market Size by Region
  4.3.1 Global Transformers Sales in Volume by Region (2025-2030)
  4.3.2 Global Transformers Sales in Value by Region (2025-2030)
  4.3.3 Global Transformers Sales (Volume & Value), Price and Gross Margin (2025-2030)

5 TRANSFORMERS BY APPLICATION

5.1 Transformers Market by Application
  5.1.1 Power Industry
  5.1.2 Metallurgy Industry
  5.1.3 Petrochemicals Industry
  5.1.4 Railways Industry
  5.1.5 Urban Construction
5.2 Global Transformers Market Size by Application
  5.2.1 Global Transformers Market Size Overview by Application (2019-2030)
  5.2.2 Global Transformers Historic Market Size Review by Application (2019-2024)
  5.2.3 Global Transformers Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
  5.3.1 North America Transformers Sales Breakdown by Application (2019-2024)
  5.3.2 Europe Transformers Sales Breakdown by Application (2019-2024)
  5.3.3 Asia-Pacific Transformers Sales Breakdown by Application (2019-2024)
  5.3.4 Latin America Transformers Sales Breakdown by Application (2019-2024)
  5.3.5 Middle East and Africa Transformers Sales Breakdown by Application (2019-2024)

6 COMPANY PROFILES

6.1 ABB
  6.1.1 ABB Comapny Information
  6.1.2 ABB Business Overview
  6.1.3 ABB Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.1.4 ABB Transformers Product Portfolio
  6.1.5 ABB Recent Developments
6.2 TBEA
  6.2.1 TBEA Comapny Information
  6.2.2 TBEA Business Overview
  6.2.3 TBEA Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.2.4 TBEA Transformers Product Portfolio
  6.2.5 TBEA Recent Developments
6.3 SIEMENS
  6.3.1 SIEMENS Comapny Information
  6.3.2 SIEMENS Business Overview
  6.3.3 SIEMENS Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.3.4 SIEMENS Transformers Product Portfolio
  6.3.5 SIEMENS Recent Developments
6.4 GE
  6.4.1 GE Comapny Information
  6.4.2 GE Business Overview
  6.4.3 GE Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.4.4 GE Transformers Product Portfolio
  6.4.5 GE Recent Developments
6.5 JSHP Transformer
  6.5.1 JSHP Transformer Comapny Information
  6.5.2 JSHP Transformer Business Overview
  6.5.3 JSHP Transformer Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.5.4 JSHP Transformer Transformers Product Portfolio
  6.5.5 JSHP Transformer Recent Developments
6.6 Schneider
  6.6.1 Schneider Comapny Information
  6.6.2 Schneider Business Overview
  6.6.3 Schneider Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.6.4 Schneider Transformers Product Portfolio
  6.6.5 Schneider Recent Developments
6.7 Sanbian Sci-Tech
  6.7.1 Sanbian Sci-Tech Comapny Information
  6.7.2 Sanbian Sci-Tech Business Overview
  6.7.3 Sanbian Sci-Tech Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.7.4 Sanbian Sci-Tech Transformers Product Portfolio
  6.7.5 Sanbian Sci-Tech Recent Developments
6.8 SGB-SMIT
  6.8.1 SGB-SMIT Comapny Information
  6.8.2 SGB-SMIT Business Overview
  6.8.3 SGB-SMIT Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.8.4 SGB-SMIT Transformers Product Portfolio
  6.8.5 SGB-SMIT Recent Developments
6.9 TOSHIBA
  6.9.1 TOSHIBA Comapny Information
  6.9.2 TOSHIBA Business Overview
  6.9.3 TOSHIBA Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.9.4 TOSHIBA Transformers Product Portfolio
  6.9.5 TOSHIBA Recent Developments
6.10 Qingdao Transformer Group
  6.10.1 Qingdao Transformer Group Comapny Information
  6.10.2 Qingdao Transformer Group Business Overview
  6.10.3 Qingdao Transformer Group Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.10.4 Qingdao Transformer Group Transformers Product Portfolio
  6.10.5 Qingdao Transformer Group Recent Developments
6.11 Mitsubishi Electric
  6.11.1 Mitsubishi Electric Comapny Information
  6.11.2 Mitsubishi Electric Business Overview
  6.11.3 Mitsubishi Electric Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.11.4 Mitsubishi Electric Transformers Product Portfolio
  6.11.5 Mitsubishi Electric Recent Developments
6.12 SPX
  6.12.1 SPX Comapny Information
  6.12.2 SPX Business Overview
  6.12.3 SPX Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.12.4 SPX Transformers Product Portfolio
  6.12.5 SPX Recent Developments
6.13 Eaton
  6.13.1 Eaton Comapny Information
  6.13.2 Eaton Business Overview
  6.13.3 Eaton Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.13.4 Eaton Transformers Product Portfolio
  6.13.5 Eaton Recent Developments
6.14 Efacec
  6.14.1 Efacec Comapny Information
  6.14.2 Efacec Business Overview
  6.14.3 Efacec Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.14.4 Efacec Transformers Product Portfolio
  6.14.5 Efacec Recent Developments
6.15 Hitachi
  6.15.1 Hitachi Comapny Information
  6.15.2 Hitachi Business Overview
  6.15.3 Hitachi Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.15.4 Hitachi Transformers Product Portfolio
  6.15.5 Hitachi Recent Developments
6.16 Alstom
  6.16.1 Alstom Comapny Information
  6.16.2 Alstom Business Overview
  6.16.3 Alstom Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.16.4 Alstom Transformers Product Portfolio
  6.16.5 Alstom Recent Developments
6.17 Crompton Greaves
  6.17.1 Crompton Greaves Comapny Information
  6.17.2 Crompton Greaves Business Overview
  6.17.3 Crompton Greaves Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.17.4 Crompton Greaves Transformers Product Portfolio
  6.17.5 Crompton Greaves Recent Developments
6.18 Sunten Electric
  6.18.1 Sunten Electric Comapny Information
  6.18.2 Sunten Electric Business Overview
  6.18.3 Sunten Electric Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.18.4 Sunten Electric Transformers Product Portfolio
  6.18.5 Sunten Electric Recent Developments
6.19 Daihen
  6.19.1 Daihen Comapny Information
  6.19.2 Daihen Business Overview
  6.19.3 Daihen Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.19.4 Daihen Transformers Product Portfolio
  6.19.5 Daihen Recent Developments
6.20 Fuji Electric
  6.20.1 Fuji Electric Comapny Information
  6.20.2 Fuji Electric Business Overview
  6.20.3 Fuji Electric Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.20.4 Fuji Electric Transformers Product Portfolio
  6.20.5 Fuji Electric Recent Developments
6.21 Qiantang River Electric
  6.21.1 Qiantang River Electric Comapny Information
  6.21.2 Qiantang River Electric Business Overview
  6.21.3 Qiantang River Electric Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.21.4 Qiantang River Electric Transformers Product Portfolio
  6.21.5 Qiantang River Electric Recent Developments
6.22 ZTR
  6.22.1 ZTR Comapny Information
  6.22.2 ZTR Business Overview
  6.22.3 ZTR Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.22.4 ZTR Transformers Product Portfolio
  6.22.5 ZTR Recent Developments
6.23 Dachi Electric
  6.23.1 Dachi Electric Comapny Information
  6.23.2 Dachi Electric Business Overview
  6.23.3 Dachi Electric Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.23.4 Dachi Electric Transformers Product Portfolio
  6.23.5 Dachi Electric Recent Developments
6.24 Hyundai
  6.24.1 Hyundai Comapny Information
  6.24.2 Hyundai Business Overview
  6.24.3 Hyundai Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.24.4 Hyundai Transformers Product Portfolio
  6.24.5 Hyundai Recent Developments
6.25 Luneng
  6.25.1 Luneng Comapny Information
  6.25.2 Luneng Business Overview
  6.25.3 Luneng Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.25.4 Luneng Transformers Product Portfolio
  6.25.5 Luneng Recent Developments
6.26 Tianwei Group
  6.26.1 Tianwei Group Comapny Information
  6.26.2 Tianwei Group Business Overview
  6.26.3 Tianwei Group Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.26.4 Tianwei Group Transformers Product Portfolio
  6.26.5 Tianwei Group Recent Developments
6.27 Hyosung
  6.27.1 Hyosung Comapny Information
  6.27.2 Hyosung Business Overview
  6.27.3 Hyosung Transformers Sales, Revenue and Gross Margin (2019-2024)
  6.27.4 Hyosung Transformers Product Portfolio
  6.27.5 Hyosung Recent Developments

7 NORTH AMERICA BY COUNTRY

7.1 North America Transformers Sales by Country
  7.1.1 North America Transformers Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.1.2 North America Transformers Sales by Country (2019-2024)
  7.1.3 North America Transformers Sales Forecast by Country (2025-2030)
7.2 North America Transformers Market Size by Country
  7.2.1 North America Transformers Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.2.2 North America Transformers Market Size by Country (2019-2024)
  7.2.3 North America Transformers Market Size Forecast by Country (2025-2030)

8 EUROPE BY COUNTRY

8.1 Europe Transformers Sales by Country
  8.1.1 Europe Transformers Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.1.2 Europe Transformers Sales by Country (2019-2024)
  8.1.3 Europe Transformers Sales Forecast by Country (2025-2030)
8.2 Europe Transformers Market Size by Country
  8.2.1 Europe Transformers Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.2.2 Europe Transformers Market Size by Country (2019-2024)
  8.2.3 Europe Transformers Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC BY COUNTRY

9.1 Asia-Pacific Transformers Sales by Country
  9.1.1 Asia-Pacific Transformers Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.1.2 Asia-Pacific Transformers Sales by Country (2019-2024)
  9.1.3 Asia-Pacific Transformers Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Transformers Market Size by Country
  9.2.1 Asia-Pacific Transformers Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.2.2 Asia-Pacific Transformers Market Size by Country (2019-2024)
  9.2.3 Asia-Pacific Transformers Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA BY COUNTRY

10.1 Latin America Transformers Sales by Country
  10.1.1 Latin America Transformers Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.1.2 Latin America Transformers Sales by Country (2019-2024)
  10.1.3 Latin America Transformers Sales Forecast by Country (2025-2030)
10.2 Latin America Transformers Market Size by Country
  10.2.1 Latin America Transformers Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.2.2 Latin America Transformers Market Size by Country (2019-2024)
  10.2.3 Latin America Transformers Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST AND AFRICA BY COUNTRY

11.1 Middle East and Africa Transformers Sales by Country
  11.1.1 Middle East and Africa Transformers Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.1.2 Middle East and Africa Transformers Sales by Country (2019-2024)
  11.1.3 Middle East and Africa Transformers Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Transformers Market Size by Country
  11.2.1 Middle East and Africa Transformers Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.2.2 Middle East and Africa Transformers Market Size by Country (2019-2024)
  11.2.3 Middle East and Africa Transformers Market Size Forecast by Country (2025-2030)

12 VALUE CHAIN AND SALES CHANNELS ANALYSIS

12.1 Transformers Value Chain Analysis
  12.1.1 Transformers Key Raw Materials
  12.1.2 Key Raw Materials Price
  12.1.3 Raw Materials Key Suppliers
  12.1.4 Manufacturing Cost Structure
  12.1.5 Transformers Production Mode & Process
12.2 Transformers Sales Channels Analysis
  12.2.1 Direct Comparison with Distribution Share
  12.2.2 Transformers Distributors
  12.2.3 Transformers Customers

13 CONCLUDING INSIGHTS

14 APPENDIX

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
  14.5.1 Secondary Sources
  14.5.2 Primary Sources
14.6 Disclaimer


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