Lucintel's latest market report analyzed that specialty transformer provides attractive opportunities in the rectification equipment, welding equipment, electric furnace power supply, and current transformer markets. The specialty transformer market is expected to reach $XX billion by 2027 with a CAGR of 9% to 11%. In this market, phase shifting transformer is the largest segment by product type, whereas rectification equipment is largest by application. Increasing demand for special transformers and increasing demand for medium, low and high-power transformers provides strategic growth path in this market.
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Based on product type, the specialty transformer market is segmented into
electric arc furnace transformer, rectifier transformer, capacitive
transformer, and phase shifting transformer. The phase shifting transformer
segment accounted for the largest share of the market in 2022 and is expected
to register the highest CAGR during the forecast period, due to protection of
lines and transformers from thermal overload, which further helps in improving
the stability of transmission system, and controls flow of power between
different networks, for parallel long distance overhead-lines or for parallel
cables.
Browse in-depth TOC on
“Specialty Transformer Market”
XX – Tables
XX – Figures
150 – Pages
The Specialty
transformer Market is marked by the presence of several big and small players.
Some of the prominent players offering specialty transformer include 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., Jinan XD
Special Transformer Co.,Ltd.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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