About Laminated Power Transformers
In power transformers a core of thin steel 'E' and 'I' shaped laminations is used to reduce the effects of eddy currents. They are clamped together and the primary as well as secondary windings are wound on a former are placed around the central limb of the core. Also, being laminated reduces the current during energy transfer from primary to secondary coil. It has higher resistance than non-laminated with same number of domains.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.25% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Laminated Power Transformers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Murata Power (Japan), Tempel (United States), TDK Corporation (Japan), API Technologies (United States), Tamura (Japan), GS Transformers (Germany), Payton (Australia), Leicong Industrial Co. (United States), Acme Electric (United States), MYRRA (Spain) and Custom Transformers Ltd (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Laminated Power Transformers market by Type (Single-phase, Three-phase and Multiphase), Application (Lighting Solutions, Military and Commercial UPS Systems, Power Supplies, Mono Crystalline and Crystalline Solar Processing and Others) and Region.
On the basis of geography, the market of Laminated Power Transformers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Lamination material, the sub-segment i.e. CRGO will boost the Laminated Power Transformers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Direct selling will boost the Laminated Power Transformers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Developments is Fuelling the Market Growth
Market Growth Drivers:
High Demand in Various Applications
Challenges:
Stiff Competition Among the Major Players
Restraints:
High Costs Associated with Multi Winding Laminated Transformer
Opportunities:
Increase in Activities of Oil and Gas Industry and Newer and Cheaper Technologies for Production of Multi Winding Transformers
Market Leaders and their expansionary development strategies
On February 10, 2023, Toshiba Transmission & Distribution Systems (TTDS) acquired Finnish transformer manufacturer, Areva Transformers Oy. This strengthens TTDS's presence in the Nordic market and expands its portfolio of high-efficiency transformers.
In May 25, 2023, Eaton Corporation acquired Shanghai-based transformer manufacturer, Jiangsu Jiema Electric Power Technology Co., Ltd. This move aims to boost Eaton's transformer production capacity and market share in China.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.