The transformers manufacturing market consists
of establishments engaged in the manufacturing of power, distribution and
specialty transformers. Electrical transformers are static electrical devices
that transform electrical power from one circuit to another circuit without
changing the frequency. Transformers increase or decrease voltage and current
level, increase or decrease capacitor value, prevent direct current from
passing between two circuits and isolate circuits. Power lines and
distribution transformers are used to increase or decrease voltages. Industrial
and household transformers differ in terms of voltage such as step up and step
down transformers. Some equipment manufactured by these establishments in this
industry includes fluorescent ballasts, distribution transformers, substation
transformers, transmission and distribution voltage regulators and electric
power distribution.
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The global transformer manufacturing market is
valued at over $47 billion in 2017.
The market can be easily split into low rated transformer,
medium rated transformer and high rated transformer. Out of these, low rated
transformer comprises of seven-tenth of the market share and rest of the market
is shared by medium rated transformer and high rated transformer.
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Asia Pacific was the largest region in the
transformer manufacturing market in 2017, accounting for more than two-fifth of
the market share. This is due to
high demand for industrial transformers from a large manufacturing base in
China and India.
China was the largest country in the
transformer manufacturing market in 2017, accounting for one-fifth of the
market share. China is followed by USA and Japan.
The top five competitors in the market in 2017
are General Electric Corporation followed by ABB Ltd, Schneider Electric,
Mitsubishi Electric Corporation, and Toshiba. General Electric Company operates as a digital industrial
company worldwide. It operates through Power, Renewable Energy, Oil & Gas,
Aviation, Healthcare, Transportation, Lighting, and Capital segments.
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