Transformers Market By Product (Power Transformer, Distribution Transformer, and Others), By Application (Power Industry, Metallurgy Industry, Petrochemicals Industry, and Others), and By Region - Trends, Analysis and Forecast till 2030

Transformers Market accounted for USD 42.0 Billion in 2020 and is estimated to be USD 84.50 Billion by 2030 and is anticipated to register a CAGR of 7.3%.

An electrical energy transfer device known as a Transformer is a passive component that connects one or more electrical circuits to another. Transformers operate on the mutual induction theory as their fundamental tenet. Mutual induction is the phenomenon by which when the amount of magnetic flux linked with a coil changes, an E.M.F. is induced in the neighbouring coil.  Mineral oil & Synthetic oil are used in Transformers.  Transformers act as a bridge between the power generator & the primary distribution grid. The two main types of Transformers are Current Transformers (CTS) & Potential Transformers (PTS). 

The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.

In the current research scope 2019 is considered as base year and 2020 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2020 to 2030. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360^o data analysis methodology.

Transformers market report segments the market on the basis of product, application, and region. 

The report expected to answer various target market related questions and offers insights on:

• Definition, description, overview of market growth influencing factors, and forecast for the target market
• Scope for related market in the forecast period
• Analysis and outcome for the transformers market by segment and region followed by countries
• Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
• Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
• Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
• Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
• PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index 

ABB Ltd., Siemens Aktiengesellschaft, Toshiba Corporation, Hitachi Ltd., Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Hyosung Corporation, General Electric Company, CG Power and Industrial, and SGB-SMIT Holding.