市场调查报告书
商品编码
1527055
全球电力变压器市场 2024-2031Global Power Transformer Market 2024-2031 |
电力变压器市场规模、份额和趋势分析报告,按应用(住宅和商业、公用事业和工业)、按铁芯(封闭式、壳式和浆果式)、绝缘(气体、油和固体)和相(单相) 、三)预测期(2024-2031)
电力变压器市场预计在预测期内(2024-2031 年)复合年增长率为 7.4%。电力变压器是用于在不改变频率的情况下将电力从一个电路传输到另一个电路的电气仪器。它们根据电磁感应原理工作。它们用于在发电机和配电主电路之间传输电力。全球不断增长的电力需求是推动全球电力变压器市场的关键因素。
Power Transformer Market Size, Share & Trends Analysis Report by Application (Residential & Commercial, Utilities, and Industrial), by Core (Closed, Shell, and Berry), by Insulation (Gas, Oil, and Solid), and by Phase (Single, and Three) Forecast Period (2024-2031)
Power transformer market is anticipated to grow at a CAGR of 7.4% during the forecast period (2024-2031). Power transformers are electrical instruments used in transmitting electrical power from one circuit to another without changing the frequency. They operate by the principle of electromagnetic induction. They are used in transmitting electrical power between generators and distribution primary circuits. The increasing power demand globally is a key factor driving the global power transformer market.
Market Dynamics
Growing Energy Demand
The increasing global energy consumption due to population growth, urbanization, and industrialization is a significant driver for the power transformer market. The heightened demand for energy directly correlates with the rising demand for transformers at substations and along transmission lines. The upgradation of aging transmission & distribution infrastructure globally further creates requirements for transformers equipped with enhanced functionality such as high voltage and high current handling capacity to handle increased power flow.
Technological Advancement
Innovations in power transformer technology, such as green transformers development and high-voltage direct current (HVDC) transmission meet the growing energy demand more efficiently. Such developments are further aiding global market growth. In April 2021, Tata Power announced the commissioning of India's largest natural ester-filled 110 /33 / 22 kV, 125 MVA power transformer in the Mumbai Transmission network at the BKC receiving station in active collaboration with Hitachi ABB Power Grids and Cargill. This transformer uses natural esters with a high fire point (350 degrees Celsius) to eliminate the fire risk.
Market segmentation
Utilities Application Lead the Way in the Power Transformer Market
Power transformers are widely used transformers that are used to step up or down voltages at electrical generating stations. Power transformers in utility sectors ensure a safe, risk-free, and accurate supply of electricity as utilities are the backbone of electricity infrastructure. Cohesive government policies and investments in infrastructure projects to enhance national grids to enhance renewable energy production are further aiding the growth of this market segment.
The global power transformer market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific holds largest market share
According to the International Energy Agency, the Asia-Pacific region generates about 16.0% of the world's energy supply. In 2022, the region generated around 14,546.4 TWh of electricity, with thermal power contributing the highest share at about 67.7%. The high energy production across the region has created the demand for power transformers for effective power transmission across the region. In May 2023, the UK's Octopus Energy announced plans to invest $1.8 billion (£1.5 billion) in the Asia-Pacific energy market by 2027, to expedite the region's transition to a cleaner, smarter energy system. The company plans to invest $1.4 billion in solar and wind generation projects, with 50.0% of the money going into Japanese renewables. The growing investment in the regional energy sector is creating a huge scope for the growth of the regional market.
The major companies serving in the global power transformer market include ABB Ltd., Siemens AG, General Electric, Toshiba Corp., Schneider Electric, and Alstom SA among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.