Buck–boost Transformer Market - Introduction
A buck-boost transformer is a device which is used to adjust the voltage levels applied across the electrical equipment. A buck-boost transformer is utilized, firstly, in the condition of low voltage, where it helps boost the voltages levels. Secondly, it is used for the purpose of controlling high voltages and converting it into device range voltage. Moreover, it employed to correct consistently low or high voltage conditions. Additionally, the voltage difference ranges from 5% to 27% and allows to pass same percentage level of voltage to output side. Low voltages are mostly found in long wires, where voltage drop occurs due to resistance.
Buck–boost transformer, also called autotransformer, is an updated version of the standard isolation transformer. Moreover, buck-boost transformers are more efficient, smaller & lighter, provide maximum versatility, and lower in price. Additionally, it helps in changing the line voltages by small amounts.
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Buck–boost Transformer Market – Competitive Landscape
Founded in 1883, ABB Ltd. has its headquarters in Zurich, Switzerland. The company manufactures and sells industrial automation, robotics, electrification, and motion products across the world. Additionally, its products cater to commercial, data centers, oil & gas, telecom and healthcare sectors. Under the electrification segment, ABB Ltd. provides switchboards, switchgears, circuit breakers, and wiring accessories products
General Electric Company
Incorporated in 1892, General Electric Company is based in Boston, Massachusetts. U.S. It specializes in the manufacture of high-tech products. It operates its business in transportation, oil & gas, power, healthcare, aviation, lighting, and renewable energy segments. The company’s power segment offers products, solutions and services such as generators, high voltage equipment, steam turbines, and power generation services.
Incorporated in1980, Siemens AG is based in Munich, Germany. The company operates its business through automation, digitalization and electrification segments. Under the power and gas segment, the company offers generators, control systems for power generation, compressor trains, gas and steam turbines, instrumentation, and integrated power plant solutions.
Incorporated in 1888, Hubbell Incorporated is located in Shelton, U.S. The company manufactures, designs and sells electronic and electrical products. It primarily operates through two business segments: Power and electrical. Under the electrical segment, the company offers wiring devices, rough-in electrical, connector, and grounding products. Additionally, the company provides its products through retail and hardware outlets, electrical and industrial distributors, lighting showrooms, internet sites, and home centers.
Eaton Corporation plc
Incorporated in 1916, Eaton Corporation plc is presently based in Dublin, Ireland. The company manufactures and sells power management products. It provides products and services through electrical system, aerospace, Hydraulics, e-mobility and vehicle segments. Moreover, the company has more than 99,000 employees and operates its business worldwide.
Key players operating in the global buck-boost transformer market include Emerson Electric Co, XIAN XD Transformer Co. Ltd, Kirloskar Electric Company Limited, Agile Magnetics, Inc., Stepon Powermac Pvt. Ltd., and Hammond Power Solutions Private Limited.
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Buck–boost Transformer Market –Dynamics
Increasing need/demand for energy supply
Rise in the population is fueling the need for energy supply, which in turn is estimated to boost the demand of buck-boost transformer market. Moreover, increase in usage of consumer electronics products is propelling the buck-boost transformer market.
High maintenance cost, initial setup cost, and complex integration hampers the buck-boost transformer market
Increasing use of consumer electronics goods and high consumption of power supply are boosting the buck-boost transformer market. However, high initial setup & maintenance cost and complex integration of buck-boost transformer are hindering the market. Moreover, stringent rules & regulation and government policies are also hampering the market.
Buck–boost Transformer Market –Segmentation
The global buck-boost transformer market can be segmented based on:
- Power Supply
- Power Ratings
Buck–boost Transformer Market Segmentation – By Power Supply
Based on power supply, the buck-boost transformer market can be bifurcated into:
- Single Phase
- Three Phase
Buck–boost Transformer Market Segmentation – By Power Ratings Type
Based on power rating, the buck-boost transformer market can be divided into:
- Primary Voltage
- Secondary Voltage
Buck–boost Transformer Market Segmentation – By Application
In terms of application, the buck-boost transformer market can be classified into:
- Industrial Machines
- Heating Equipment’s
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