市场调查报告书
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全球电力变压器市场评估:按类型、按应用、按绝缘、按应用、按地区、机会、预测(2016-2030)Power Transformer Market Assessment, By Type, By Application, By Insulation, By Application, By Region, Opportunities and Forecast, 2016-2030F |
市场成长驱动因素包括能源需求增加、投资增加、电网扩张和再生能源整合。 此外,老化基础设施更新和智慧电网发展等技术进步也正在推动市场成长。 此外,对能源效率、减少功率损耗和环境问题的需求正在推动电力变压器产业的创新和成长。
各公司正在大力投资电力变压器,以满足电力公司不断增长的需求,并支持可再生能源发电和数据中心等应用于各种行业和基础设施的应用。我们确保可靠的配电。
例如,2022 年 10 月,Hitachi Energy宣布将投资超过 3,700 万美元,对其位于维吉尼亚州南波士顿的电力变压器製造工厂进行扩建和现代化改造。 这项策略性措施旨在满足公用事业客户日益增长的需求,并改善再生能源发电和资料中心等各个领域的需求。
电力变压器市场很大程度上是由先进高压 (HV) 技术的出现所推动的。 这些创新在配电网现代化和优化方面发挥着重要作用。 升级后的高压技术提高了电网效率,减少了电力损耗,并促进了再生能源的併网。 它还有助于电网的可靠性和可持续性。 随着对更强大、更有效率的电力基础设施的需求不断增长,先进高压技术的开发和采用仍然是市场成长的重要驱动力。
由于断路器需求的增加,电力变压器市场呈现显着成长。 断路器是电气系统中的重要组件,可提供过电流和漏电流保护。 随着工业和基础设施项目的扩大,对可靠配电和安全措施的需求不断增加,从而导致对能够有效管理和保护电网的电力变压器的需求不断增加。
智慧电錶需求的不断增长预计将为电力变压器市场创造重大机会。 智慧电錶增强用电监测与管理,使电网更有效率可靠。 智慧电錶有助于即时数据收集,有助于更好的负载管理和电网最佳化。 随着电力公司和政府推动智慧电錶的实施,满足电力基础设施现代化和加强整体能源管理的需求,电力变压器市场将从中受益。
例如,2022年8月,State Grid Corp. of China宣布打算扩建多条输电线路,以符合中国的清洁能源目标和透过基础设施投资刺激经济成长的活动。 全球最大的电力公司计划在今年底前启动价值220亿美元的特高压输电计画。
几个关键因素导致北美在电力变压器市场占据领先地位。 在该地区,对电网基础设施的持续投资和各种电网现代化措施的实施正在不断加强市场成长。 此外,北美对再生能源整合的关注和严格的能源效率法规也进一步支持了市场成长。
例如,2023年3月,Proterial集团子公司Metglas, Inc.宣布了一项计划,将其HB1M非晶钢产品线的产能提高了一倍,该产品线对于製造为住宅和商业设施供电的配电变压器至关重要。到 南卡罗来纳州康威的扩建项目预计将于 2023 年 7 月完工,并创造 30 个新就业机会。 此外,该公司正在积极考虑在 2024 年采取进一步扩张计划,这将使 Metglas 能够覆盖美国配电变压器市场 20% 的有效份额。
本报告研究和分析了全球电力变压器市场,提供市场规模和预测、市场动态以及主要参与者的现状和前景。
Global power transformer market size was valued at USD 25.41 billion in 2022, which is expected to reach USD 47.38 billion in 2030, with a CAGR of 8.1% for the forecasted period between 2023 and 2030.
Power transformers offer vital benefits in electricity distribution, including voltage transformation and grid reliability. Factors driving the power transformer market growth include rising energy demands, increase in investments, grid expansion, and integration of renewable energy sources. Additionally, aging infrastructure replacement and technological advancements, such as smart grid development, are propelling market growth. Furthermore, the need for energy efficiency, reduced power loss, and environmental concerns are driving innovation and growth in the power transformer sector.
Companies are investing heavily in power transformers to meet growing demand from utilities, and supporting applications like renewable energy generation and data centers, ensuring reliable power distribution for various industries and infrastructures.
For example, in October 2022, Hitachi Energy announced the allotment of more than USD 37 million towards the enhancement and modernization of its power transformer manufacturing plant situated in South Boston, Virginia. This strategic move aims to cater to the increasing demand from utility clients, as well as the rising needs in various sectors such as renewable energy generation and data centers.
The power transformer market is significantly driven by the emergence of advanced high-voltage (HV) technologies. These innovations play a prominent role in modernizing and optimizing electricity distribution networks. Upgraded HV technologies enhance grid efficiency, reduce power loss, and facilitate the integration of renewable energy sources. They contribute to grid reliability and sustainability. As the demand for more robust and efficient electrical infrastructure increases, the development and adoption of advanced HV technologies remains a crucial driver in market growth.
For example, in May 2023, NKT unveiled its intentions to construct a new facility with a third extrusion tower in Karlskrona, Sweden, along with a cutting-edge power cable vessel. These initiatives are motivated by the rising requests for high-tech, high-voltage power cables, robust order placement and a record backlog exceeding EUR 7 billion.
The power transformer market is experiencing significant growth, driven by an increasing demand for circuit breakers. Circuit breakers are crucial components in electrical systems, offering protection against overcurrent and electrical faults. As industries and infrastructure projects expand, the need for reliable power distribution and safety measures increases, thereby propelling the demand for power transformers that can efficiently manage and safeguard electrical grids.
For example, in May 2023, The Housing and Development Board (HDB) of Singapore announced that all housing board flats, and private residences must install a residual current circuit breaker (RCCB) by July 1, 2023. Homeowners have a two-year grace period for compliance, with a potential USD 5,000 fine for non-compliance after July 1, 2025. Additionally, HDB has committed to cover installation and rewiring expenses for one and two-room flats constructed on or before July 1985, while occupants of larger flats will receive a subsidy of up to 95%.
The growing demand for smart meters is anticipated to create significant opportunities within the power transformer market. Smart meters enable enhanced monitoring and management of electricity consumption, making grids more efficient and reliable. They facilitate real-time data collection, contributing to better load management and grid optimization. As utilities and governments increasingly incorporate smart metering, the power transformer market stands to benefit, addressing the need for modernizing electrical infrastructure and enhancing overall energy management.
For example, in August 2022, the State Grid Corp. of China declared its intention to construct multiple extended power transmission lines, aligning with the country's clean energy goals and efforts to stimulate economic growth through infrastructure investment. The world's largest utility company would initiate a project worth USD 22 billion (CYN 150 billion) to deploy ultra-high-voltage power lines before the year's end.
North America has taken a leading position in the power transformer market due to several key factors. The region's continuous investment in grid infrastructure, and implementation of various grid modernization initiatives are augmenting the market growth continuously in the region. Moreover, North America's focus on renewable energy integration and strict regulations for energy efficiency are further propelling the market growth.
For example, in March 2023, Metglas, Inc., a subsidiary of the Proterial Group, announced its plans to double production capacity for the HB1M Amorphous Steel product line, which is essential in the manufacturing of distribution transformers that supply electricity to residential and commercial properties. This expansion project in Conway, SC, would get completed by July 2023 and is expected to generate 30 new job opportunities. Furthermore, the company is actively considering additional expansion initiatives in 2024, which would enable Metglas to cover a substantial 20% share of the entire UnitedStates distribution transformer market.
Government initiatives in the power transformer market are essential for fostering sustainable and resilient electrical infrastructure. They can promote energy efficiency, grid reliability, and environmental sustainability. Such measures often include regulations for energy-efficient transformers, incentives for grid modernization, and support for research and development for upgradations in transformer technologies. Moreover, government policies are crucial to meet increasing electricity demand, reduction of power losses, and mitigation of the environmental impact of power generation and distribution.
For example, in 2021, the U.S. Green Building Council launched the Infrastructure Law's Grid Flexibility Program of worth USD 3 billion. The grid flexibility program involves investment in smart grid innovations, like grid-interactive energy-efficient buildings. It presents an opening for utilities, private enterprises, municipal bodies, and other stakeholders to implement state-of-the-art building solutions, with federal grants covering as much as 50% of the expenses.
The COVID-19 pandemic had a notable impact on the power transformer market, with distinct phases before and after the outbreak. Pre-COVID, the market was experiencing robust growth due to rapid urbanization, industrialization, and continuously increasing electricity demand. However, the pandemic disrupted supply chains and temporarily reduced demand from certain industries, causing obstructions. In the present post-COVID landscape, the power transformer market is rebounding. The demand for electricity gained traction, especially with the growth of renewable energy sources and the necessity to upgrade aging power infrastructure. Moreover, investments are focused on grid resilience, accommodating electric vehicles and data centers, aligning with government policies for energy sector sustainability and reliability.
The power transformer sector is experiencing swift progress, with prominent firms increasing their investments in smart meters and circuit breakers. Moreover, these companies are dedicating significant resources to enhance their market presence and profitability. They are proactively participating in collaborations, acquisitions, and partnerships, which are reshaping the industry's landscape and expediting overall market expansion.
In September 2023, Hitachi officially opened its state-of-the-art transformers factory in China. The facility stands amongst the largest, within the global network of Hitachi Energy's installations, showcasing its outstanding capabilities with the integration of the latest digital manufacturing technologies. The investment signified Hitachi Energy's commitment to satisfy the various demands of its customer base.
In December 2022, Siemens revealed its plans to deliver 175,000 smart meters and an advanced distribution management system in Damietta, Nile delta. This order, placed by the North Delta Electricity Distribution Company (NDEDC), is a component of Siemens' grid modernization and enhancement initiative, with an estimated worth of around USD 42 million (equivalent to EUR 40 million).
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.