Phase-shifting Transformer Market – Introduction

Phase shifting transformer is a special form of transformer which is used to control power flow in power system network by changing phase of line voltage. In phase shifting transformer, power flow is controlled by regulating the phase displacement between the input and the output voltages of the transmission lines that are internally connected through the phase shifting transformer. The direction and magnitude of power flow is controlled by changing the phase shift. In the area of complex power generation, such as power plant, phase shifting transformers are increasingly used as they make power grid more reliable, reduces transmission losses, and protect transmission lines. Another factor influencing the growth of phase shifting transformer in power system network is its cost efficiency over other solutions. Phase shifting transformers are primarily used in transmission lines and power plants.

Phase-shifting Transformer Market – Competitive Landscape

SGB-SMIT Group

Founded in 1913, SGB-SMIT Group is headquartered in Regensburg, Germany. The company manufacturers power transformers. The company offers medium power transformer, large power transformer, and oil distribution transformer, as well as compact substations. Additionally, the company provides service for transformer repair and maintenance. In August 2018, SGB-SMIT Group acquired SMIT Power Matla previously known as Powertech Transformers located in Rivonia, South Africa to manufacture medium power transformer and continue the company’s growth in South Africa.

Siemens

Founded in 1847, Siemens is headquartered in Munich, Germany. The company is a pioneer in infrastructure and energy solutions, automation and software for industry. The company manufactures high voltage switchgear, turbo compressor, steam turbines, relays and smart grid systems, and phase shifting transformers among others. The company offers single core and two core transformers. The company has around 379,000 employees.

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ABB

Founded in 1988, ABB is headquartered in Zurich, Switzerland. The company is a global player in manufacturing of electrification, industrial automation, motion, and robotics & discrete automation products. The company’s electrification business offers a wide range of products that includes wiring accessories, switchgear, cabling, phase shifting transformers, enclosures, sensing, and control. The company offer reliable and efficient phase shifting transformers that are used in industrial applications. The ABB Group of companies operates in roughly 100 countries with about 147,000 employees.

Some of the key players operating in the global phase-shifting transformer market with significant developments include Siemens, ABB, SGB-SMIT Group, Tamini Trasformatori S.r.l., Baoding Tianwei Baobian Electric Co., Ltd., Southwest Electric Co., and NEO TELE-TRONIX PVT. LTD. among others.

Phase-shifting Transformer Market – Dynamics

Increasing use of Phase Shifting Transformer in Power Transmission Network

One of the major driving factors for the growth of global powers shifting transformer market is increasing use of power shifting transformer in transmission line application. In transmission line, electrical power is transferred in the form of alternating current from the transmitting end to the receiving end of the line. Phase shifting transformer use primary and secondary winding with phase shift to create phase difference between sources and load to control the power flow over transmission lines. Phase shifting transformers are capable of preventing overloads by controlling the load flow between network segments and parallel lines. Moreover, in power transmission network, phase shifting transformers are used to improve the grid stability. The demand of interconnected network is increasing across the world owing to which, phase shifting transformers are being employed instead of upgrading expensive grids as power shifting transformer block unwanted power flow from adjacent grids, reconnects easily after blackout, and are a cost efficient alternative to power transmission management. Considering the above mentioned benefits offered by phase shifting transformer, the market is expected to witness prominent growth during the forecast period. Hence, with increase in deployment of phase shifting transformer in power transmission network for transmission line and power plants is expected to drive the growth of the market during forecast period.

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Phase-shifting Transformer Market – Segmentation

The phase-shifting transformer market can be bifurcated on the basis of:

  • Technology
  • Type
  • Application
  • Region

Phase-shifting Transformer Market Segmentation – By Technology

On the basis of the technology, the phase-shifting transformer market can be fragmented into:

  • Symmetrical
  • Non Symmetrical

Phase-shifting Transformer Market Segmentation – By Type

Depending on the type, the phase-shifting transformer market can be divided into:

  • Single Core
  • Two Core

Phase-shifting Transformer Market Segmentation – By Application

Depending on the application, the phase-shifting transformer market can be divided into:

  • Transmission Line
  • Improve Grid Stability
  • Power Plants
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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