Medium Power Transformers Market Report 2023

Medium Power Transformers Global Market Report 2023 – By Cooling Method (OilCooled, AirCooled), By Mounting (Pad, Pole, PC/PCB), By End User (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2023-2032

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Medium Power Transformers Market

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Medium power transformers are defined as power transformers with ratings of 501 MVA to 800 MVA. Medium power transformers are used in lowering voltages to the level required and are eligible for voltage regulations. These types of transformers are mostly used in the manufacturing and construction industries.

The main types in the medium power transformers market are oil-cooled and air-cooled. Oil cooled market in medium power transformers refers to the cooling method that is used to improve the cooling of the power transformers. The various mounting techniques are pad, pole, PC/PCB, and others. These are used in residential, commercial, and industrial segments.

The global medium power transformers market is segmented -

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

2) By Mounting: Pad, Pole, PC/PCB, Other Mountings

3) By End User: Residential, Commercial, Industrial

The global medium power transformers (501 mva to 800 mva) market size will grow from $35.91 billion in 2022 to $38.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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 size of the global medium power transformers (501 mva to 800 mva) market is expected to grow to $47.83 billion in 2027 at a CAGR of 5.7%.

Favorable government policies to increase electrification contributed to the growth of the market in the historic period. Countries around the world are implementing several initiatives to increase electrification across the countries. For example, the government of India launched the ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ to achieve 100% electrification in the country. For instance, in July 2022, Government of India, launched power sector’s revamped distribution sector scheme. This project will strengthen India's renewable energy goals, commitment, and green transportation aspirations. These initiatives increased the market for medium power transformers in the historic period.

Major players in the medium power transformers market report are Siemens AG, ABB Group, General Electric Company, Fuji Electric Co. Ltd., Hitachi, Ltd., Schneider Electric SE, Eaton Corporation PLC., Mitsubishi Electric Corporation, and Japan International USA Ltd.

Volatility in prices of several raw materials such as steel and copper restrained the market for medium power transformers in the historic period. Steel and copper are predominantly used in the manufacture of transformers. Increased tariffs on raw materials such as steel and copper, increased the volatility of prices, thereby limiting the growth of the market for medium power transformers. For instance, the USA imposed 25% and 10% tariffs on the import of steel and aluminum respectively.

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.

In June 2021, GE-Prolec Transformers, Inc., a subsidiary of a 50/50 joint venture between General Electric (GE) and Xignux, a Mexico-based private company, acquired SPX Transformer Solutions business for $645 million. This acquisition is expected to expand Prolec GE's position as a significant distribution and power transformer player, offering clients a broader range of products and a more robust next-generation portfolio. SPX Transformer Solutions business is US-based manufacturer of medium-power transformers.

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

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

The medium power transformers market consists of sales of single-phase medium power transformers, three-phase medium power transformers, and other medium 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 medium power transformers market research report is one of a series of new reports from The Business Research Company that provides medium power transformers> market statistics, including medium power transformers industry global market size, regional shares, competitors with a medium power transformers market share, detailed medium power transformers market segments, market trends and opportunities, and any further data you may need to thrive in the medium power transformers industry. This medium 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.

    Table Of Contents

    1. Executive Summary

    2. Medium Power Transformers Market Characteristics

    3. Medium Power Transformers Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Medium Power Transformers Market

    3.2 Ukraine-Russia War Impact On Medium Power Transformers Market

    3.3 Impact Of High Inflation On Medium Power Transformers Market

    4. Medium Power Transformers Market Size And Growth

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

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

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

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Medium Power Transformers Market Segmentation

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

    Oil-Cooled

    Air-Cooled

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

    Pad

    Pole

    PC/PCB

    Other Mountings

    5.3. Global Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Residential

    Commercial

    Industrial

    6. Medium Power Transformers Market Regional And Country Analysis

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

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

    7. Asia-Pacific Medium Power Transformers Market

    7.1. Asia-Pacific Medium Power Transformers Market Overview

    7.2. Asia-Pacific Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8. China Medium Power Transformers Market

    8.1. China Medium Power Transformers Market Overview

    8.2. China Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    9. India Medium Power Transformers Market

    9.1. India Medium Power Transformers Market Overview

    9.2. India Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    10. Japan Medium Power Transformers Market

    10.1. Japan Medium Power Transformers Market Overview

    10.2. Japan Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11. Australia Medium Power Transformers Market

    11.1. Australia Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12. Indonesia Medium Power Transformers Market

    12.1. Indonesia Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13. South Korea Medium Power Transformers Market

    13.1. South Korea Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14. Western Europe Medium Power Transformers Market

    14.1. Western Europe Medium Power Transformers Market Overview

    14.2. Western Europe Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15. UK Medium Power Transformers Market

    15.1. UK Medium Power Transformers Market Overview

    15.2. UK Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16. Germany Medium Power Transformers Market

    16.1. Germany Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16.2 France Medium Power Transformers Market

    16.3. France Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17. Eastern Europe Medium Power Transformers Market

    17.1. Eastern Europe Medium Power Transformers Market Overview

    17.2. Eastern Europe Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18. Russia Medium Power Transformers Market

    18.1. Russia Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19. North America Medium Power Transformers Market

    19.1. North America Medium Power Transformers Market Overview

    19.2. North America Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20. USA Medium Power Transformers Market

    20.1. USA Medium Power Transformers Market Overview

    20.2. USA Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21. South America Medium Power Transformers Market

    21.1. South America Medium Power Transformers Market Overview

    21.2. South America Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22. Brazil Medium Power Transformers Market

    22.1. Brazil Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23. Middle East Medium Power Transformers Market

    23.1. Middle East Medium Power Transformers Market Overview

    23.2. Middle East Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24. Africa Medium Power Transformers Market

    24.1. Africa Medium Power Transformers Market Overview

    24.2. Africa Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25. Medium Power Transformers Market Competitive Landscape And Company Profiles

    25.1. Medium Power Transformers Market Competitive Landscape

    25.2. Medium Power Transformers Market Company Profiles

    25.2.1. Siemens AG

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. General Electric Company

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Fuji Electric Co. Ltd.

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Hitachi, Ltd.

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Schneider Electric SE

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Medium Power Transformers Market

    27. Medium Power Transformers Market Trends And Strategies

    28. Medium Power Transformers Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. 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 Medium Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 4: Global Medium Power Transformers Market, Segmentation By Mounting, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 5: Global Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 6: Global Medium Power Transformers Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 7: Global Medium Power Transformers Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 9: China, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 10: India, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 11: Japan, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 12: Australia, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 13: Indonesia, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 14: South Korea, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 15: Western Europe, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 16: UK, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 17: Germany, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 18: France, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 20: Russia, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 21: North America, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 22: USA, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 23: South America, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 24: Brazil, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 25: Middle East, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 26: Africa, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 27: Siemens AG Financial Performance
  • Table 28: General Electric Company Financial Performance
  • Table 29: Fuji Electric Co. Ltd. Financial Performance
  • Table 30: Hitachi, Ltd. Financial Performance
  • Table 31: Schneider Electric SE 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 Medium Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 4: Global Medium Power Transformers Market, Segmentation By Mounting, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 5: Global Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 6: Global Medium Power Transformers Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 7: Global Medium Power Transformers Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 9: China, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 10: India, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 11: Japan, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 12: Australia, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 14: South Korea, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 16: UK, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 17: Germany, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 18: France, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 20: Russia, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 21: North America, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 22: USA, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 23: South America, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 24: Brazil, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 25: Middle East, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 26: Africa, Medium Power Transformers Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 27: Siemens AG Financial Performance
  • Figure 28: General Electric Company Financial Performance
  • Figure 29: Fuji Electric Co. Ltd. Financial Performance
  • Figure 30: Hitachi, Ltd. Financial Performance
  • Figure 31: Schneider Electric SE Financial Performance
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