Power Transformers Services Market Analysis

INTRODUCTION

Power transformers are a major spend item for utilities. They are the most crucial equipment in the substations and a key portion of the total spending of transmission system operators. PTR sizes the opportunity for this critical equipment by looking at individual utilities in target regions to analyze the upcoming greenfield and brownfield substation projects. All of this is housed under the umbrella of PTR’s Power Transformers Service. The utility specific approach employed by PTR in this service allows us to understand the grid dynamics and analyze the market in more granular detail than most of our competitors so that we can convey a much deeper understanding of the market to our clients.

Taking a snapshot of what’s going on around the world, we see that two key players in the GCC market are dominating market shares with a combined 38% hold due to their low-cost quality solutions. In this market, approximately 90% of power transformers are sold through EPCs while the rest are sold directly to customers. Over in Dubai, DEWA inaugurated 20 new substations in 2020, which include a 400 kV substation with a capacity of 2,020 MVA and nineteen 132 kV substations in several areas across the city with a capacity of 2,700 MVA. This substantial investment in grid infrastructure is primarily because, under the Dubai Clean Energy Strategy 2050, DEWA plans to install 42 GW of clean and renewable energy. 

The number of local transformer manufacturers in China has grown sharply since 2017 resulting in a fierce competition in the Asia Pacific market. In 2020, JSHP, one of the leading suppliers of renewable GSU transformers supplied more than 550 units of power transformers worldwide despite Covid-19. APAC market players are continuing to penetrate other global markets as well. In the past, the GCC market was mainly dominated by western entities, as buyers in GCC were hesitant to adopt products from Asian suppliers. However, in recent times, buyers are more open to procuring from Asian suppliers, especially Korean supplies due to their improved quality reputation.

In Europe, due to the ease of access for manufacturers across these markets, western European manufacturers like Hitachi ABB Power Grids and Schneider Siemens hold a large share of the market in almost all EU countries along with country specific players manufacturing locally.

Further West in North America, brownfield investment is dominant in the power transformers market as utilities have been planning for various capital projects to refurbish decades old grid infrastructure. Here, HICO America is the leading supplier of Generator Step Up power transformers especially to wind power plants. Of the total power transformer installations worldwide, HICO has more than 30% of the power transformers installed in this region.

As experts in the T&D area, PTR’s Power Transformers service works to provide all of the relevant figures and trends as well as competitive and qualitative analyses that will shape your market positioning and investment strategies. Through its Consolidated Outputs database, Consolidated Market Shares of OEMs, Regional Power Transformers Market Reports, and the Power Grids News App, PTR’s service aims to apprise you of all of the relevant ongoings in this market as well why those facts and numbers matter and what they mean for you.

    Key Questions Addressed in the Service
    • Where is the market headed?
    • Which insulation technology is dominating the market?
    • Who is the market leader?
    • Any upcoming regulatory roadblocks which should be kept in mind?
    • What are the key drivers of the power transformer market?

     

    Scope of Research – Power Transformer

    Countries Available:

    Applications by Country:

    – North America (Canada, USA, Mexico)

    – Europe (All EU-28 countries)

    – Emerging Markets (India, China, Gulf, South Africa, Kenya, Peru, Chile

    …+ 7 other emerging transformer markets)

    – TSO Specific Market Sizing

    – 7 Generation Technologies

    – 4 Industry Sectors

    Segments within Applications: Further Segmentations:

    -Split by Specific Voltages (kV)

    – Split by Capacity Ratings (MVA)

    – Insulation Technology

    > Mineral Oil

    > Mineral Oil Alternatives (e.g. Ester Oil)

    > Gas Insulated

    Market Sizing

    Countries Available:

    Applications by Country:

    – North America (Canada, USA, Mexico)

    – Europe (All EU-28 countries)

    – Emerging Markets (India, China, Gulf, South Africa, Kenya, Peru, Chile

    …+ 7 other emerging transformer markets)

    – TSO Specific Market Sizing

    – 7 Generation Technologies

    – 4 Industry Sectors

    Segments within Applications: Further Segmentations:

    -Split by Specific Voltages (kV)

    – Split by Capacity Ratings (MVA)

    – Insulation Technology

    > Mineral Oil

    > Mineral Oil Alternatives (e.g. Ester Oil)

    > Gas Insulated

    Competitive/ Qualitative Analysis:

    9 Application Verticals Covered

    Delivery Format
    MS PowerPoint Report

    Excel Data Output For Integration

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    Infineon Technologies (Client Partner Business Intelligence & Development)

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