Low Power Transformers Global Market Report 2024

Description

“Low Power Transformers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on low power transformers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for low power transformers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The low power transformers market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Split-Core; Solid-Core
2) By Cooling Method: Oil-Cooled; Air-Cooled
3) By Applications: Power Plants; Factory; Other Applications
Companies Mentioned: Osram GmbH; Schneider Electric SE; Rockwell Automation Inc.; Dechang Electronics Co. Ltd.; Leviton Manufacturing Co. Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Low power transformers are specifically categorized as power transformers with ratings ranging from 100 MVA to 500 MVA. These transformers are static devices that operate based on the principles of mutual induction, enabling the transformation of power from one electrical circuit to another without altering the frequency.

The product types are prevalent such as split-core and solid-core transformers. Split-core current transformers are designed for application in semi-permanent systems. They feature a transformer with one of its cores that can be extended or repositioned around the conductor and subsequently secured using a latch or another type of flange. Cooling methods for these transformers include both oil cooling and air cooling. These versatile transformers find various applications across power plants, factories, and other industrial settings.

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 low power transformers market size has grown strongly in recent years. It will grow from $43.56 billion in 2023 to $47.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth observed in the historical period can be attributed to several key factors, including advancements in electrical distribution, substantial infrastructure development, technological progress, and adherence to regulatory compliance.

The low power transformers market size is expected to see strong growth in the next few years. It will grow to $61.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. Anticipated growth in the forecast period can be attributed to the integration of renewable energy sources, the growing trend towards electrification, the increasing use of digital technologies, and the expansion of electric vehicle charging infrastructure. Significant trends expected in the forecast period encompass the development of smart grids, the adoption of eco-friendly materials, the integration of smart home technology, and a focus on education and training within the industry.

The growth of the low-power transformers market was primarily influenced by the rapid expansion in emerging markets. This growth was supported by factors such as increasing disposable income, a stable political climate, and growing foreign investments in these regions. For example, the Organization for Economic Co-operation and Development (OECD) projected a 3.0% global economic growth in 2023, contributing to a surge in demand for electrical products and subsequently driving the low-power transformers market.

The increasing demand for electric vehicles is anticipated to be a key driver for the growth of the low-power transformers market in the future. Low-power transformers play a crucial role in converting the AC power from charging stations into the required DC power for electric vehicle battery charging. Sales of electric vehicles nearly doubled in 2021 to 6.6 million, leading to a total of 16.5 million electric vehicles on the roads. This escalating demand for electric vehicles directly contributes to the growth of the low-power transformers market.

A notable trend in the low-power transformer market is the progression towards self-regulating smart transformers. These smart transformers are designed to regulate voltage consistently, maintaining communication with stakeholders and providing valuable information and feedback on power supply. They optimize voltage and supply the precise amount of power required, thereby reducing greenhouse gas emissions and power consumption. The US Department of Energy allocated $7.5 million for the research and development of smart transformers to enhance grid resiliency, indicating a growing investment in smart transformer technologies for commercial use.

Major companies within the low-power transformer market are directing their efforts towards introducing compact transformers, seeking a competitive advantage in the industry. Specifically, Pulse Electronics Corporation, a US-based electronic component manufacturer, unveiled the PH9385 series of 4KVrms isolation power transformers in February 2021. These transformers utilize a specialized Sidecar package, designed to separate the coil from the high isolation pins, resulting in an extended creepage distance. This innovative design allows for a reduction in package size while preserving the necessary creepage distance. With a power rating of up to 2.5W, these transformers are suitable for various low-power applications like medical devices, industrial control systems, and telecommunications equipment.

Major companies operating in the low power transformers market include Osram GmbH, Schneider Electric SE, Rockwell Automation Inc., Dechang Electronics Co. Ltd., Leviton Manufacturing Co. Inc., Plitron Manufacturing Inc., Hobut Holdings Limited, TDK Corporation, Murata Manufacturing Co. Ltd., API Technologies Corp., TE Connectivity Ltd., Phoenix Contact GmbH & Co. KG, ABB Ltd., Littelfuse Inc., Zelisko Limited, GE Grid Solutions LLC, Qualitrol Company LLC, Horstmann GmbH, Weidmuller Interface GmbH & Co. KG, TT Electronics PLC, Vishay Intertechnology Inc., Dachi Electric Co. Ltd., State Grid Luneng Group Co. Ltd., Tianwei Baobian Electric Co. Ltd., Hyosung Corporation, Crompton Greaves Limited, Bharat Heavy Electricals Limited, SPX Transformer Solutions Inc., Jiangsu Huapeng Transformer Co. Ltd., Hammond Power Solutions Inc., SolaHD, Acme Electric Corp., Jefferson Electric Inc., Marcus Transformer Ltd.

Asia-Pacific was the largest region in the low power transformers market in 2023. Western Europe is the second-largest region in the low power transformers market. The regions covered in the low power transformers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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

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.

Product Code: r9176

1. Executive Summary

2. Low Power Transformers Market Characteristics

3. Low Power Transformers Market Trends And Strategies

4. Low Power Transformers Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Low Power Transformers Market Size and Growth

5.1. Global Low Power Transformers Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Low Power Transformers Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Low Power Transformers Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Low Power Transformers Market Segmentation

6.1. Global Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Split-Core
Solid-Core
6.2. Global Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil-Cooled
Air-Cooled
6.3. Global Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Power Plants
Factory
Other Applications

7. Low Power Transformers Market Regional And Country Analysis

7.1. Global Low Power Transformers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Low Power Transformers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Low Power Transformers Market

8.1. Asia-Pacific Low Power Transformers Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Low Power Transformers Market

9.1. China Low Power Transformers Market Overview
9.2. China Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Low Power Transformers Market

10.1. India Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Low Power Transformers Market

11.1. Japan Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Low Power Transformers Market

12.1. Australia Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Low Power Transformers Market

13.1. Indonesia Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Low Power Transformers Market

14.1. South Korea Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Low Power Transformers Market

15.1. Western Europe Low Power Transformers Market Overview
15.2. Western Europe Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Low Power Transformers Market

16.1. UK Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Low Power Transformers Market

17.1. Germany Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Low Power Transformers Market

18.5. France Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Low Power Transformers Market

19.9. Italy Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Low Power Transformers Market

20.13. Spain Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Low Power Transformers Market

21.1. Eastern Europe Low Power Transformers Market Overview
21.2. Eastern Europe Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Low Power Transformers Market

22.1. Russia Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Low Power Transformers Market

23.1. North America Low Power Transformers Market Overview
23.2. North America Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Low Power Transformers Market

24.1. USA Low Power Transformers Market Overview
24.2. USA Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Low Power Transformers Market

25.1. Canada Low Power Transformers Market Overview
25.2. Canada Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Low Power Transformers Market

26.1. South America Low Power Transformers Market Overview
26.2. South America Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Low Power Transformers Market

27.1. Brazil Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Low Power Transformers Market

28.1. Middle East Low Power Transformers Market Overview
28.2. Middle East Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Low Power Transformers Market

29.1. Africa Low Power Transformers Market Overview
29.2. Africa Low Power Transformers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Low Power Transformers Market, Segmentation By Cooling Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Low Power Transformers Market Competitive Landscape And Company Profiles

30.1. Low Power Transformers Market Competitive Landscape
30.2. Low Power Transformers Market Company Profiles
- 30.2.1. Osram GmbH
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Schneider Electric SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Rockwell Automation Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Dechang Electronics Co. Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Leviton Manufacturing Co. Inc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Low Power Transformers Market Competitive Benchmarking

32. Global Low Power Transformers Market Competitive Dashboard

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

34. Low Power Transformers Market Future Outlook and Potential Analysis

34.1 Low Power Transformers Market In 2028 - Countries Offering Most New Opportunities
34.2 Low Power Transformers Market In 2028 - Segments Offering Most New Opportunities
34.3 Low Power Transformers Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer