List of Contents

Transformers Market Size, Share, and Trends 2024 to 2034

The global transformers market size was USD 59 billion in 2023, calculated at USD 63.13 billion in 2024 and is expected to reach around USD 124.19 billion by 2034, expanding at a CAGR of 7% from 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 3201
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Transformers Market 

5.1. COVID-19 Landscape: Transformers Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Transformers Market, By Type

8.1. Transformers Market, by Type, 2024-2034

8.1.1. Distribution Transformer

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Power Transformer

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Others

8.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Transformers Market, By Power Rating

9.1. Transformers Market, by Power Rating, 2024-2034

9.1.1. Small

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Medium

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Large

9.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Transformers Market, By Cooling Type

10.1. Transformers Market, by Cooling Type, 2024-2034

10.1.1. Air Cooled

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Oil Cooled

10.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Transformers Market, By Insulation

11.1. Transformers Market, by Insulation, 2024-2034

11.1.1. Dry

11.1.1.1. Market Revenue and Forecast (2021-2034)

11.1.2. Liquid Immersed

11.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 12. Global Transformers Market, By Phase

12.1. Transformers Market, by Phase, 2024-2034

12.1.1. Three Phase

12.1.1.1. Market Revenue and Forecast (2021-2034)

12.1.2. Single Phase

12.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 13. Global Transformers Market, By Application

13.1. Transformers Market, by Application, 2024-2034

13.1.1. Utility

13.1.1.1. Market Revenue and Forecast (2021-2034)

13.1.2. Industrial

13.1.2.1. Market Revenue and Forecast (2021-2034)

13.1.3. Commercial and Residential

13.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 14. Global Transformers Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Type (2021-2034)

14.1.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.1.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.1.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.1.5. Market Revenue and Forecast, by Phase (2021-2034)

14.1.6. Market Revenue and Forecast, by Application (2021-2034)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Type (2021-2034)

14.1.7.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.1.7.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.1.7.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.1.8. Market Revenue and Forecast, by Phase (2021-2034)

14.1.8.1. Market Revenue and Forecast, by Application (2021-2034) 

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Type (2021-2034)

14.1.9.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.1.9.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.1.9.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.1.10. Market Revenue and Forecast, by Phase (2021-2034)

14.1.11. Market Revenue and Forecast, by Application (2021-2034)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Type (2021-2034)

14.2.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.2.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.2.4. Market Revenue and Forecast, by Insulation (2021-2034) 

14.2.5. Market Revenue and Forecast, by Phase (2021-2034)

14.2.6. Market Revenue and Forecast, by Application (2021-2034)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Type (2021-2034)

14.2.8.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.2.8.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.2.9. Market Revenue and Forecast, by Insulation (2021-2034) 

14.2.10. Market Revenue and Forecast, by Phase (2021-2034)

14.2.10.1. Market Revenue and Forecast, by Application (2021-2034) 

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Type (2021-2034)

14.2.11.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.2.11.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.2.12. Market Revenue and Forecast, by Insulation (2021-2034)

14.2.13. Market Revenue and Forecast, by Phase (2021-2034)

14.2.14. Market Revenue and Forecast, by Application (2021-2034)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Type (2021-2034)

14.2.15.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.2.15.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.2.15.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.2.16. Market Revenue and Forecast, by Phase (2021-2034)

14.2.16.1. Market Revenue and Forecast, by Application (2021-2034)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Type (2021-2034)

14.2.17.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.2.17.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.2.17.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.2.18. Market Revenue and Forecast, by Phase (2021-2034)

14.2.18.1. Market Revenue and Forecast, by Application (2021-2034)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Type (2021-2034)

14.3.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.3.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.3.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.3.5. Market Revenue and Forecast, by Phase (2021-2034)

14.3.6. Market Revenue and Forecast, by Application (2021-2034)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Type (2021-2034)

14.3.7.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.3.7.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.3.7.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.3.8. Market Revenue and Forecast, by Phase (2021-2034)

14.3.9. Market Revenue and Forecast, by Application (2021-2034)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Type (2021-2034)

14.3.10.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.3.10.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.3.10.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.3.11. Market Revenue and Forecast, by Phase (2021-2034)

14.3.11.1. Market Revenue and Forecast, by Application (2021-2034)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Type (2021-2034)

14.3.12.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.3.12.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.3.12.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.3.12.5. Market Revenue and Forecast, by Phase (2021-2034)

14.3.12.6. Market Revenue and Forecast, by Application (2021-2034)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Type (2021-2034)

14.3.13.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.3.13.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.3.13.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.3.13.5. Market Revenue and Forecast, by Phase (2021-2034)

14.3.13.6. Market Revenue and Forecast, by Application (2021-2034)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Type (2021-2034)

14.4.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.4.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.4.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.4.5. Market Revenue and Forecast, by Phase (2021-2034)

14.4.6. Market Revenue and Forecast, by Application (2021-2034)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Type (2021-2034)

14.4.7.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.4.7.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.4.7.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.4.8. Market Revenue and Forecast, by Phase (2021-2034)

14.4.9. Market Revenue and Forecast, by Application (2021-2034)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Type (2021-2034)

14.4.10.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.4.10.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.4.10.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.4.11. Market Revenue and Forecast, by Phase (2021-2034)

14.4.12. Market Revenue and Forecast, by Application (2021-2034)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Type (2021-2034)

14.4.13.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.4.13.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.4.13.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.4.13.5. Market Revenue and Forecast, by Phase (2021-2034)

14.4.13.6. Market Revenue and Forecast, by Application (2021-2034)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Type (2021-2034)

14.4.14.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.4.14.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.4.14.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.4.14.5. Market Revenue and Forecast, by Phase (2021-2034)

14.4.14.6. Market Revenue and Forecast, by Application (2021-2034)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Type (2021-2034)

14.5.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.5.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.5.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.5.5. Market Revenue and Forecast, by Phase (2021-2034)

14.5.6. Market Revenue and Forecast, by Application (2021-2034)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Type (2021-2034)

14.5.7.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.5.7.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.5.7.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.5.8. Market Revenue and Forecast, by Phase (2021-2034)

14.5.8.1. Market Revenue and Forecast, by Application (2021-2034)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Type (2021-2034)

14.5.9.2. Market Revenue and Forecast, by Power Rating (2021-2034)

14.5.9.3. Market Revenue and Forecast, by Cooling Type (2021-2034)

14.5.9.4. Market Revenue and Forecast, by Insulation (2021-2034)

14.5.9.5. Market Revenue and Forecast, by Phase (2021-2034)

14.5.9.6. Market Revenue and Forecast, by Application (2021-2034)

Chapter 15. Company Profiles

15.1. Siemens Energy

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Toshiba Corp.

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Hyosung Power & Industrial Systems Performance Group

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Crompton Greaves Ltd.

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. GE Co.

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Hyundai Heavy Industries Co. Ltd.

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. ABB Ltd.

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Mitsubishi Electric Corporation

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Alstom SA

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Bharat Heavy Electricals Limited

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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