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Published Date: 2015-05-25Number of Pages: 92

Large Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Power transformers connect electrical networks or systems of different voltages to allow power exchange between them. Power transformers are used for power generation, power transmission, electro-intensive industrial applications, and consumer applications. The demand for power transformers is expected to continually increase due to increasing electrification ratio in emerging as well as mature economies. The continual enhancement of technology and progressive research and development initiatives are driving the market for large power transformers with improved features and specifications considering the regional and global environmental regulations.

Favorable government regulations for production of green energy and power are also expected to fuel the growth of the power transformers market over the forecast period. Global environmental concerns highlight the need for lower emissions and water conservation in both existing and new power plants. As a result, leading companies such as Alstom have developed and introduced green transformers for environmentally delicate zones. Similarly, Crompton Greaves Ltd. designed, produced, and installed extremely low noise power transformers for environmentally critical regions. Such innovative and environmentally friendly products are expected to witness strong demand in the future due to rising environmental concerns. Therefore, the degree of competition is analyzed to grow from medium to high over the forecast period.

Based on the geographical segmentation of the global large power transformers market, Asia Pacific region occupied the largest market share in 2013, which can be attributed to rising energy demands coupled with technological advancements in this region. The Asia Pacific region is expected to account for majority of the global growth over the forecast period. However, this region has a large unorganised sector and the market in this region is highly fragmented with the presence of many local players. Rest of the World economies such as the Middle East and Africa are expected to steadily expand their power infrastructures, attracting intense competition from global as well as regional market players. Mature economies in North America and Europe regions are expected to observe steady growth owing to the various modernization and upgradation initiatives. The countries in these regions are undertaking such initiatives to boost the power generation in order to meet rising demands.

The global large power transformers market has been segmented by power rating into 100 MVA to 500 MVA large power transformers, 501 MVA to 800 MVA large power transformers, and 801 MVA to 1200 MVA large power transformers. Large power transformers between the power ratings range of 100 MVA and 500 MVA are expected to exhibit the fastest growth until 2019, with an estimated CAGR of 8.0% in terms of revenue from 2013 to 2019. This growth is attributed to the fact that lower rating transformers are the most widely used by utilities around the globe.

High Voltage Direct Current (HVDC) transformers fall under the 501 MVA to 800 MVA large power transformers segment. HVDC transformers are either built as single-phase or three-phase units, depending on voltage, power and transportation considerations. The 501 MVA to 800 MVA large power transformers segment is expected to witness a steady growth in the next six years. Furthermore, the large power transformers between the power ratings of 801 MVA and 1200 MVA are expected to be used for HVDC and UHVDC power generation in the Asia Pacific and Middle East regions on account of rising energy demands in these regions over the forecast period.

Moreover, the key industry players have been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis and recent developments in the field of large power transformers. The key industry participants ABB Ltd., Alstom SA, Crompton Greaves Ltd., Siemens AG, General Electric Co, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries Ltd. and TBEA Co. Ltd. among others.

large-power-transformers-market

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market Overview

3.1 Introduction

3.2 Global PESTLE Analysis

       3.2.1 Political:

       3.2.2 Economic:

       3.2.3 Social:

       3.2.4 Technological:

       3.2.5 Environmental:

       3.2.6 Legal:

3.3 Market Drivers

       3.3.1 Increase in global energy demands

       3.3.2 Favorable government regulations

       3.3.3 Renewal and upgrading of existing networks in mature economies

3.4 Market Restraints

       3.4.1 Volatility in raw material prices

3.5 Market opportunities

       3.5.1 Awareness about low carbon emissions driving the development of smart grid and super grid

3.6 Value chain analysis

3.7 Porter’s Five Forces Analysis

       3.7.1 Bargaining power of suppliers

       3.7.2 Bargaining power of buyers

       3.7.3 Threat of new entrants

       3.7.4 Threat from substitutes

       3.7.5 Degree of competition

3.8 Large Power transformers: Market attractiveness analysis

3.9 Large Power transformers: Company market share analysis

 

Chapter 4 Large Power Transformers Market - Power Rating Analysis

4.1 Introduction

4.2 100 MVA to 500 MVA

       4.2.1 100 MVA to 500 MVA large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

4.3 501 MVA to 800 MVA

       4.3.1 501 MVA to 800 MVA large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

4.4 801 MVA to 1200 MVA

       4.4.1 801 MVA to 1200 MVA large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

 

Chapter 5 Large Power Transformers Market - Regional Analysis

5.1 Introduction

       5.1.1 Global large power transformers market revenue share, by geography, 2013 and 2020 (%)

5.2 North America

       5.2.1 North America large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

5.3 Europe

       5.3.1 Europe large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

5.4 Asia Pacific

       5.4.1 Asia Pacific large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

5.5 Rest of the World (RoW)

       5.5.1 Rest of the World large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

 

Chapter 6 Company Profiles

6.1 ABB Ltd.

       6.1.1 Company overview

       6.1.2 Financial overview

       6.1.3 Business strategy

       6.1.4 SWOT analysis

       6.1.5 Recent developments

6.2 Alstom SA

       6.2.1 Company overview

       6.2.2 Financial overview

       6.2.3 Business strategy

       6.2.4 SWOT analysis

       6.2.5 Recent developments

6.3 Crompton Greaves Ltd.

       6.3.1 Company overview

       6.3.2 Financial overview

       6.3.3 Business strategy

       6.3.4 SWOT analysis

       6.3.5 Recent developments

6.4 GE Co.

       6.4.1 Company overview

       6.4.2 Financial overview

       6.4.3 Business strategy

       6.4.4 SWOT analysis

       6.4.5 Recent developments

6.5 Hyosung Power & Industrial Systems Performance Group

       6.5.1 Company overview

       6.5.2 Financial overview

       6.5.3 Business strategy

       6.5.4 SWOT analysis

       6.5.5 Recent developments

6.6 Hyundai Heavy Industries Co. Ltd.

       6.6.1 Company overview

       6.6.2 Financial overview

       6.6.3 Business strategy

       6.6.4 SWOT analysis

       6.6.5 Recent developments

6.7 Siemens Energy       

       6.7.1 Company overview

       6.7.2 Financial overview

       6.7.3 Business strategy

       6.7.4 SWOT analysis

       6.7.5 Recent developments

6.8 SGB-SMIT International GmbH.

       6.8.1 Company overview

       6.8.2 Financial overview

       6.8.3 Business strategy

       6.8.4 SWOT analysis

       6.8.5 Recent developments

6.9 Tebian Electric Apparatus (TBEA) Co., Ltd.

       6.9.1 Company overview

       6.9.2 Financial overview

       6.9.3 Business strategy

       6.9.4 SWOT analysis

       6.9.5 Recent developments

6.10 China XD Electric Co., Ltd

       6.10.1 Company overview

       6.10.2 Financial overview

       6.10.3 Business strategy

       6.10.4 SWOT analysis

       6.10.5 Recent developments

List of Figures

 

FIG. 1 Global large power transformers market, volume and revenue 2013 – 2020 (Unit shipment) (USD Billion)

FIG. 2 Global energy consumption, (Quadrillion British units)

FIG. 3 Global carbon dioxide emissions, 2000 - 2030, (Billion metric tons)

FIG. 4 Global Cold Rolled Coil Steel price volatility, 2012-2013, (USD per ton)

FIG. 5 Global crude oil price volatility, 2008-2012, (USD per barrel)

FIG. 6 Smart grid infrastructure

FIG. 7 Large power transformers market: Value chain analysis

FIG. 8 Porter’s Five Forces Analysis

FIG. 9 Large power transformers: Market attractiveness analysis, 2013

FIG. 10 Large power transformers: Company market share analysis, 2013 (%)

FIG. 11 Global large power transformers market revenue share, by power rating, 2013 and 2020 (%)

FIG. 12 100 MVA to 500 MVA large power transformers market, volume and revenue, 2013 – 2020 (Unit shipment) (USD Billion)

FIG. 13 .501 MVA to 800 MVA large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

FIG. 14 801 MVA to 1200 MVA large power transformers market, volume and revenue, 2013 – 2020, (Unit shipment) (USD Billion)

FIG. 15 Global large power transformers market revenue share, by geography, 2013 and 2020 (%)

FIG. 16 North America large power transformers market, volume and revenue, 2013 – 2020 (Unit shipment) (USD Billion)

FIG. 17 Europe large power transformers market, volume and revenue, 2013 – 2020 (Unit shipment) (USD Billion)

FIG. 18 Asia Pacific large power transformers market, volume and revenue, 2013 – 2020 (Unit shipment) (USD Billion)

FIG. 19 Rest of the World large power transformers market, volume and revenue, 2013 – 2020 (Unit shipment) (USD Billion)

FIG. 20 ABB Ltd. annual revenue and power products segment revenue, 2012 – 2014 (USD Billion)

FIG. 21 Alstom SA annual revenue and grid sector revenue, 2012 – 2014 (USD Billion)

FIG. 22 Crompton Greaves Ltd. annual revenue and power systems segment revenue, 2012 – 2014 (USD Billion)

FIG. 23 GE Co. annual revenue and energy management segment revenue , 2012 – 2014 (USD Billion)

FIG. 24 Hyosung Corporation annual revenue, 2012 – 2014 (USD Billion)

FIG. 25 Hyundai Heavy Industries Co. Ltd. annual revenue and electro electric systems segment revenue, 2012 – 2014 (USD Billion)

FIG. 26 Siemens Energy annual revenue and power transmission device segment revenue, 2012 – 2014 (USD Billion)

FIG. 27 TBEA Co., Ltd. annual revenue, 2011-2013 (USD Billion)

FIG. 28 China XD Electric Co., Ltd. annual revenue, 2011-2013 (USD Billion)

List of Tables

 

TABLE 1 Global large power transformers market snapshot, 2013 & 2020

TABLE 2 Drivers for the large power transformers market: Impact analysis

TABLE 3 Restraints for the global large power transformers market: Impact analysis

TABLE 4 North America large power transformers market size and forecast, by Power Rating, 2013 – 2020 (USD billion)

TABLE 5 North America large power transformers market size and forecast, by Power rating, 2013 – 2020 (Unit Shipment)

TABLE 6 North America large power transformers market size and forecast, by Country, 2013 – 2020 (USD billion)

TABLE 7 North America large power transformers market size and forecast, by Country, 2013 – 2020 (Unit Shipment)

TABLE 8 Europe large power transformers market size and forecast, by Power Rating, 2013 – 2020 (USD billion)

TABLE 9 Europe large power transformers market size and forecast, by Power rating, 2013 – 2020 (Unit Shipment)

TABLE 10 Europe large power transformers market size and forecast, by Country, 2013 – 2020 (USD billion)

TABLE 11 Europe large power transformers market size and forecast, by Country, 2013 – 2020 (Unit Shipment)

TABLE 12 Asia Pacific large power transformers market size and forecast, by Power Rating, 2013 – 2020 (USD billion)

TABLE 13 Asia Pacific large power transformers market size and forecast, by Power rating, 2013 – 2020 (Unit Shipment)

TABLE 14 Asia Pacific large power transformers market size and forecast, by Country, 2013 – 2020 (USD billion)

TABLE 15 Asia Pacific large power transformers market size and forecast, by Country, 2013 – 2020 (Unit Shipment)

TABLE 16 RoW large power transformers market size and forecast, by Power Rating, 2013 – 2020 (USD billion)

TABLE 17 RoW large power transformers market size and forecast, by Power rating, 2013 – 2020 (Unit Shipment)

TABLE 18 Rest of the World (RoW) large power transformers market size and forecast, by Country, 2013 – 2020 (USD billion)

TABLE 19 Rest of the World (RoW) large power transformers market size and forecast, by Country, 2013 – 2020 (Unit Shipment)

TABLE 20 Middle East large power transformers market size and forecast, by Country, 2013 – 2020 (USD billion)

TABLE 21 Middle East large power transformers market size and forecast, by Country, 2013 – 2020 (Unit Shipment)

TABLE 22 Africa large power transformers market size and forecast, by Country, 2013 – 2020 (USD billion)

TABLE 23 Africa large power transformers market size and forecast, by Country, 2013 – 2020 (Unit Shipment)

Large power transformers connect electrical networks or systems of different voltages to allow power exchange between them. Large power transformers are used for power generation, power transmission, electro-intensive industrial applications and consumer applications. The industrial applications include mining, paper and cement mills, chemical plants, substations and power generation. Various applications of large power transformers include hydel power station, thermal power station, and nuclear power plant among others.

 

This market research study analyzes the large power transformer market on a global level, and provides estimates in terms of volume (Unit shipment) and revenue (USD Billion) from 2013 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

 

The report segments the market on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World (RoW), and estimated in terms of volume (Unit shipment) and revenue (USD Billion). In addition, the report segments the market based on power rating into 100 MVA to 500 MVA large power transformers, 501 MVA to 800 MVA large power transformers and 801 MVA to 1200 MVA large power transformers. Each power rating segment has also been estimated on the basis of geography in terms of volume (Unit shipment) and revenue (USD Billion).

 

Asia Pacific and Rest of the World economies are expected to be the most attractive and fastest growing regions. The growth of the global large power transformers market is attributed to the increasing demand for electricity in both the mature and emerging economies of the world. Increasing industrialization and modernization is enhancing the demand for large power transformers globally. Most widely used large power transformers globally are the segment with power rating 100 MVA to 500 MVA. This segment is expected to constantly dominate the global large power transformers market during the forecast period. large power transformers between the power ratings of 801 MVA and 1200 MVA are expected to be used for HVDC and UHVDC power generation in the Asia Pacific and Middle East regions on account of rising energy demands in these regions in the near future.

 

The governments across the world are undertaking initiatives to modernize the existing power grids and install technologically enhanced power transformers. The initiatives adopted by the European nations for the deployment of green transformers is also providing substantial positive shift to the global large power transformers market. However, the market also encounters certain economic restraints such as the volatility of the raw material prices in the international markets.

 

For better understanding of the global large power transformers market, we have given detailed analysis of the PESTLE and value chain. Moreover, a detailed Porter’s five forces analysis has been given for a better understanding of the intensity of competition present in the market. Furthermore, the study comprises of a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness. Awareness about the low carbon emission transformers is growing worldwide and offer growth opportunities in the future. Smart grids and smart networks are also enhancing the market opportunities for the large power transformers market during the forecast period.

 

The report provides company market share analysis of the various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis, and recent developments in the field of power transformers. Major market participants profiled in this report include ABB Ltd., Alstom SA, Crompton Greaves Ltd., Siemens AG, GE Co, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries Co. Ltd., and TBEA Co. Ltd. among others.

 

Large Power Transformers Market: Power Rating Analysis

  • 100 MVA to 500 MVA
  • 501 MVA to 800 MVA
  • 801 MVA to 1200 MVA

Large Power Transformers Market: Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • RoW