Low Power Transformers Market Report 2023

Low Power Transformers Global Market Report 2023 – By Product Type (SplitCore, SolidCore), By Cooling Method (OilCooled, AirCooled), By Applications (Power Plants, Factory) – Market Size, Trends, And Global Forecast 2023-2032

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Low power transformers are defined as power transformers with ratings of 100 MVA to 500 MVA. It is a static device that works on the principles of mutual induction to transform power from one circuit to another circuit without changing frequency.

The main types of products in low power transformers are split-core and solid-core. Split-core current transformers are intended for use in semi-permanent systems. They have a transformer with one of the cores that may be extended or moved around the conductor and then secured with a latch or other type of flange. The cooling methods are oil cooled and air cooled. The different applications include power plants, factories, others.

The low power transformers market research report is one of a series of new reports from The Business Research Company that provides low power transformers market statistics, including low power transformers industry global market size, regional shares, competitors with a low power transformers market share, detailed low power transformers market segments, market trends and opportunities, and any further data you may need to thrive in the low power transformers industry. This low power transformers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global low power transformers (100 mva to 500 mva) market will grow from $46.31 billion in 2022 to $50.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global low power transformers (100 mva to 500 mva) market is expected to grow to $69.9 billion in 2027 at a CAGR of 8.3%.

The low power transformers market was mainly driven by rapid growth in emerging markets. Emerging markets growth was aided by rising disposable income, a stable political environment, and increasing foreign investments in these countries. For instance, according to a report by the IMF, emerging markets and developing economies together registered a growth of 4.7%. Thus, strong economic growth boosted the demand for electrical products thereby driving the market for low-power transformers.

The transformer manufacturing market is moving towards the evolution of independent and self-regulating smart transformers. Smart transformers are programmed to constantly regulate voltage and maintain contact with the stakeholders and provide information and feedback on the power supply. They provide the exact amount of power that is needed and respond to fluctuations through a process known as voltage optimization. They significantly reduce greenhouse gas emissions and power consumption as they supply electrical equipment with the ideal amount of power. For instance, The US Department of Energy (DOE) invested $7.5 million to support the research and development of smart transformers for grid resiliency. Companies should consider investing in technologies to produce smart transformers for commercial establishments.

Major players in the low power transformers market are Eaton, Wurth Elektronik, Analog Devices, RITZ Instrument Transformers, Bourns, Osram, Schneider Electric, Rockwell Automation, Dechang Electronics, and Leviton.

Asia-Pacific was the largest region in the low power transformers market in 2022. Western Europe is the second-largest region in the global low power transformers market. The regions covered in the global low power transformers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the low power transformers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The low power transformers market consists of sales of solid-core low power transformers, split-core low power transformers, and other low power transformers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global low power transformers market is segmented -

1) By Product Type: Split-Core, Solid-Core

2) By Cooling Method: Oil-Cooled, Air-Cooled

3) By Applications: Power Plants, Factory, Other Applications

    Table Of Contents

    1. Executive Summary

    2. Low Power Transformers Market Characteristics

    3. Low Power Transformers Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Low Power Transformers Market

    3.2 Ukraine-Russia War Impact On Low Power Transformers Market

    3.3 Impact Of High Inflation On Low Power Transformers Market

    4. Low Power Transformers Market Size And Growth

    4.1. Global Low Power Transformers Historic Market, 2017 - 2022, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global Low Power Transformers Forecast Market, 2022 - 2027F, 2032F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Low Power Transformers Market Segmentation

    5.1. Global Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Split-Core

    Solid-Core

    5.2. Global Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Oil-Cooled

    Air-Cooled

    5.2. Global Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Power Plants

    Factory

    Other Applications

    6. Low Power Transformers Market Regional And Country Analysis

    6.1. Global Low Power Transformers Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    6.2. Global Low Power Transformers Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    7. Asia-Pacific Low Power Transformers Market

    7.1. Asia-Pacific Low Power Transformers Market Overview

    7.2. Asia-Pacific Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8. China Low Power Transformers Market

    8.1. China Low Power Transformers Market Overview

    8.2. China Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    9. India Low Power Transformers Market

    9.1. India Low Power Transformers Market Overview

    9.2. India Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    10. Japan Low Power Transformers Market

    10.1. Japan Low Power Transformers Market Overview

    10.2. Japan Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11. Australia Low Power Transformers Market

    11.1. Australia Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12. Indonesia Low Power Transformers Market

    12.1. Indonesia Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13. South Korea Low Power Transformers Market

    13.1. South Korea Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14. Western Europe Low Power Transformers Market

    14.1. Western Europe Low Power Transformers Market Overview

    14.2. Western Europe Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15. UK Low Power Transformers Market

    15.1. UK Low Power Transformers Market Overview

    15.2. UK Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16. Germany Low Power Transformers Market

    16.1. Germany Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17. France Low Power Transformers Market

    17.3. France Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18. Eastern Europe Low Power Transformers Market

    18.1. Eastern Europe Low Power Transformers Market Overview

    18.2. Eastern Europe Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19. Russia Low Power Transformers Market

    19.1. Russia Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20. North America Low Power Transformers Market

    20.1. North America Low Power Transformers Market Overview

    20.2. North America Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21. USA Low Power Transformers Market

    21.1. USA Low Power Transformers Market Overview

    21.2. USA Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22. South America Low Power Transformers Market

    22.1. South America Low Power Transformers Market Overview

    22.2. South America Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23. Brazil Low Power Transformers Market

    23.1. Brazil Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24. Middle East Low Power Transformers Market

    24.1. Middle East Low Power Transformers Market Overview

    24.2. Middle East Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25. Africa Low Power Transformers Market

    25.1. Africa Low Power Transformers Market Overview

    25.2. Africa Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    26. Low Power Transformers Market Competitive Landscape And Company Profiles

    26.1. Low Power Transformers Market Competitive Landscape

    26.2. Low Power Transformers Market Company Profiles

    26.2.1. Eaton

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Wurth Elektronik

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. Analog Devices

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. RITZ Instrument Transformers

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Bourns

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The Low Power Transformers Market

    28. Low Power Transformers Market Trends And Strategies

    29. Low Power Transformers Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Table 3: Global Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 4: Global Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 5: Global Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 6: Global Low Power Transformers Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 7: Global Low Power Transformers Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 9: China, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 10: India, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 11: Japan, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 12: Australia, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 13: Indonesia, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 14: South Korea, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 15: Western Europe, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 16: UK, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 17: Germany, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 18: France, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 20: Russia, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 21: North America, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 22: USA, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 23: South America, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 24: Brazil, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 25: Middle East, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 26: Africa, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 27: Eaton Financial Performance
  • Table 28: Wurth Elektronik Financial Performance
  • Table 29: Analog Devices Financial Performance
  • Table 30: RITZ Instrument Transformers Financial Performance
  • Table 31: Bourns Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 3: Global Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 4: Global Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 5: Global Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 6: Global Low Power Transformers Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 7: Global Low Power Transformers Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 9: China, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 10: India, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 11: Japan, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 12: Australia, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 14: South Korea, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 16: UK, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 17: Germany, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 18: France, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 20: Russia, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 21: North America, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 22: USA, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 23: South America, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 24: Brazil, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 25: Middle East, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 26: Africa, Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 27: Eaton Financial Performance
  • Figure 28: Wurth Elektronik Financial Performance
  • Figure 29: Analog Devices Financial Performance
  • Figure 30: RITZ Instrument Transformers Financial Performance
  • Figure 31: Bourns Financial Performance
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