The Special Transformers Market Size Is Expected To Reach USD 2,808.9 Million By The End Of 2030, Growing At A CAGR Of 4.0% During The Forecast Period.

Special Transformers Market Overview:

Special transformers are used to boost the network voltage to the application level, thereby maximizing the current flow. The range of specialty transformers includes regulating and rectifying transformers, AC arc furnace transformers, series reactors for AC arc furnaces, DC arc furnace transformers, and large drive/converter transformers. These transformers are used in various industries such as chemical, automotive, oil and gas industry, steel industry, etc.

Special Transformers market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Special Transformers market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we considered the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In April 2022 Siemens launched Dry-Type Pole Mounted Transformer for American Market. In American markets, single-phase transformers are frequently installed in distribution grids, where they step down the voltage to household voltage level as the final step in the power transmission chain.
• In 2021 Prolec GE to acquire SPX’s Transformer Solutions business the acquisition will enhance Prolec GE's position as a key player in the Americas' growing power transformer market.

Major Segments Covered in the Global Special Transformers Market:

Market Key Players:
Mitsubishi Electric Corporation, Sunten Electric Equipment Co., Ltd., Siemens Ltd., Alstom, Schneider Electric, ABB, Wolong Electric Group Co.,Ltd., Toshiba India Pvt. Ltd., TBEA India, Baoding Tianwei Group, Wuzhou Transformer Co., Ltd., and Jinan XD Special Transformer Co., Ltd., and others

Special Transformers Market by Types:

• Liquid Filled
• Dry-type

Special Transformers Market by Applications:

• Railway Industry
• Electricity Industry
• Other

Special Transformers Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

The specialty transformer market in Asia Pacific held the largest market share in 2017 and is expected to remain the largest during the forecast period. The growth of the market is attributable to the rising demand for oil and gas in emerging economies such as India and China, which has further led to the increasing number of oil and gas plants in the region. This factor is expected to further increase the demand for specialty transformers in Asia Pacific. For example, India's oil consumption was 3.85 million barrels per day (mbd) in 2014 and increased to 4.0 Mbps in 2015, according to an analysis by the India Brand Equity Foundation (IBEF). Similarly, natural gas consumption in India was 54.20 billion cubic meters (bcm) in 2017 and is projected to reach 143.08 cubic centimeters by 2030.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Restraint:

The materials used for special transformers are copper, steel and aluminum. Rising raw material prices have inadvertently raised the price of specialty transformers. This in turn will affect the growth of the specialty transformers market during the forecast period. For example, steel prices rose from $522.94 per metric ton in 2016 to $618.86 per metric ton in 2017, according to analysis by Coherent Market Insights.

Report Scope of Global Special Transformers Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of the Special Transformers market?

The Special Transformers Market is growing at a CAGR of 4% During the Forecast Period.

 What are the key types and applications of the Special Transformers market?

- Liquid Filled, Dry-type

- Railway Industry, Electricity Industry, Other

Who are the key players in the Special Transformers market?

Mitsubishi Electric Corporation, Sunten Electric Equipment Co., Ltd., Siemens Ltd., Alstom, Schneider Electric, ABB, Wolong Electric Group Co.,Ltd., Toshiba India Pvt. Ltd., TBEA India, Baoding Tianwei Group, Wuzhou Transformer Co., Ltd., and Jinan XD Special Transformer Co., Ltd., and others

Any special requirements about this report, please let us know and we can provide custom report.

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.