Global Transformers Market Growth 2019-2024

A transformer is an electrical device that transfers energy between two or more circuits through electromagnetic induction. In grid networks, two main types of transformers are used – power transformers and distribution transformers.
The transformer is the static device which works on the principle of electromagnetic induction. It is used for transferring the electrical power from one circuit to another without any variation in their frequency. In electromagnetic induction, the transfer of energy from one circuit to another takes places by the help of the mutual induction.

According to this study, over the next five years the Transformers market will register a 3.8% CAGR in terms of revenue, the global market size will reach US$ 24400 million by 2024, from US$ 20200 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Transformers business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Transformers market by product type, application, key manufacturers and key regions and countries.

This study considers the Transformers value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Power Transformer
Distribution Transformer
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Power Industry
Metallurgy Industry
Petrochemicals Industry
Railways Industry
Urban Construction

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
ABB
TBEA
SIEMENS
GE
JSHP Transformer
Schneider
Sanbian Sci-Tech
SGB-SMIT
TOSHIBA
Qingdao Transformer Group
Mitsubishi Electric
SPX
Eaton
Efacec
Hitachi
Alstom
Crompton Greaves
Sunten Electric
Daihen
Fuji Electric
Qiantang River Electric
ZTR
Dachi Electric
Hyundai
Luneng
Tianwei Group
Hyosung

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Transformers consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Transformers market by identifying its various subsegments.
Focuses on the key global Transformers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Transformers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Transformers submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.