1 Executive Summary
2 Market Introduction
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 List Of Assumptions 15
2.4 Market Structure 16
3 Research Methodology
3.1 Research Process 18
3.2 Primary Research 18
3.3 Secondary Research 18
3.4 Market Size Estimation 18
3.5 Forecast Model 19
4 Market Dynamics
4.1 Introduction 21
4.2 Drivers 22
4.2.1 Rise In Transmission And Distribution Infrastructure Investments 22
4.2.2 Growth In Renewable Energy Sector 22
4.2.3 Drivers Impact Analysis 23
4.3 Restraints 24
4.3.1 High Initial Costs Of Power Transformer 24
4.3.2 Service Interruption Due To The Losses 24
4.3.3 Restraints Impact Analysis 25
4.4 Opportunity 25
4.4.1 Global Rise In Electricity Demand 25
5 Market Factor Analysis
5.1 Supply Chain Analysis 27
5.1.1 Raw Material Suppliers 27
5.1.2 Manufactures & Assemblers 27
5.1.3 End User 27
5.2 Porter’s Five Forces Model 28
5.2.1 Threat Of New Entrants 28
5.2.2 Bargaining Power Of Suppliers 28
5.2.3 Bargaining Power Of Buyers 28
5.2.4 Threat Of Substitutes 29
5.2.5 Intensity Of Rivalry 29
6 Global Power Transformer Market, By Cooling Type
6.1 Overview 31
6.1.1 Oil-Cooled Transformer 31
6.1.2 Air-Cooled Transformer 31
7 Global Power Transformer Market, By Power Rating
7.1 Overview 34
7.1.1 Small Power 34
7.1.2 Medium Power 34
7.1.3 Large Power 34
8 Global Power Transformer Market, By Region
8.1 Introduction 37
8.2 North America 38
8.2.1 U.S. 40
8.2.2 Canada 41
8.3 Europe 42
8.3.1 Germany 44
8.3.2 U.K 45
8.3.3 Russia 46
8.3.4 France 47
8.3.5 Rest Of Europe 48
8.4 Asia-Pacific 49
8.4.1 China 51
8.4.2 India 52
8.4.3 Japan 53
8.4.4 Rest Of Asia-Pacific 54
8.5 Rest Of The World 55
8.5.1 Latin America 57
8.5.2 Middle East 58
8.5.3 Africa 59
9 Competitive Landscape
9.1 Competitive Landscape 61
10 Company Profile
10.1 ABB Ltd. 64
10.1.1 Company Overview 64
10.1.2 Financial Overview 65
10.1.3 Products Offerings 66
10.1.4 Key Developments 66
10.1.5 SWOT Analysis 67
10.1.6 Key Strategy 67
10.2 Schneider Electric SE 68
10.2.1 Company Overview 68
10.2.2 Financial Overview 68
10.2.3 Products Offerings 69
10.2.4 Key Developments 69
10.2.5 SWOT Analysis 69
10.2.6 Key Strategy 69
10.3 Siemens AG 70
10.3.1 Company Overview 70
10.3.2 Financial Overview 70
10.3.3 Products Offerings 71
10.3.4 Key Developments 71
10.3.5 SWOT Analysis 71
10.3.6 Key Strategy 71
10.4 Crompton Greaves Ltd. 72
10.4.1 Company Overview 72
10.4.2 Financial Overview 73
10.4.3 Products Offerings 73
10.4.4 Key Developments 74
10.4.5 SWOT Analysis 74
10.4.6 Key Strategy 74
10.5 Mitsubishi Electric Corporation 75
10.5.1 Company Overview 75
10.5.2 Financial Overview 76
10.5.3 Products Offerings 76
10.5.4 Key Developments 76
10.5.5 SWOT Analysis 77
10.5.6 Key Strategy 77
10.6 Toshiba Corporation 78
10.6.1 Company Overview 78
10.6.2 Financial Overview 78
10.6.3 Products Offerings 79
10.6.4 Key Developments 79
10.6.5 SWOT Analysis 79
10.6.6 Key Strategy 79
10.7 Bharat Heavy Electricals Limited 80
10.7.1 Company Overview 80
10.7.2 Financial Overview 80
10.7.3 Products Offerings 81
10.7.4 Key Developments 81
10.7.5 SWOT Analysis 81
10.7.6 Key Strategy 81
10.8 Hyosung Power & Industrial Solutions 82
10.8.1 Company Overview 82
10.8.2 Financial Overview 82
10.8.3 Products Offerings 82
10.8.4 Key Developments 82
10.8.5 SWOT Analysis 82
10.8.6 Key Strategy 83
10.9 SPX Transformer Solutions, Inc. 84
10.9.1 Company Overview 84
10.9.2 Financial Overview 84
10.9.3 Products Offerings 85
10.9.4 Key Developments 85
10.9.5 SWOT Analysis 85
10.9.6 Key Strategy 85
10.10 SGB-SMIT Group 86
10.10.1 Company Overview 86
10.10.2 Financial Overview 86
10.10.3 Product Offerings 86
10.10.4 Key Developments 86
10.10.5 SWOT ANALYSIS 87
10.10.6 Key Strategy 87
10.11 Hyundai Electric & Energy Systems Co., Ltd. 88
10.11.1 Company Overview 88
10.11.2 Financial Overview 88
10.11.3 Product Offerings 88
10.11.4 Key Developments 89
10.11.5 SWOT ANALYSIS 89
10.11.6 Key Strategy 89
11 List Of Tables
TABLE 1 MARKET SYNOPSIS 13
TABLE 2 LIST OF ASSUMPTIONS 15
TABLE 3 GLOBAL POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016–2023 (USD MILLION) 32
TABLE 4 GLOBAL POWER TRANSFORMER MARKET, BY POWER RATING, 2016–2023 (USD MILLION) 35
TABLE 5 GLOBAL POWER TRANSFORMER MARKET, BY REGION, 2020-2027 (USD MILLION) 37
TABLE 6 NORTH AMERICA: POWER TRANSFORMER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 38
TABLE 7 NORTH AMERICA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 39
TABLE 8 NORTH AMERICA: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 39
TABLE 9 U.S.: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 40
TABLE 10 U.S.: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 40
TABLE 11 CANADA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 41
TABLE 12 CANADA: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 41
TABLE 13 EUROPE: POWER TRANSFORMER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 42
TABLE 14 EUROPE: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 43
TABLE 15 EUROPE: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 43
TABLE 16 GERMANY: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 44
TABLE 17 GERMANY: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 44
TABLE 18 U.K: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 45
TABLE 19 U.K: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 45
TABLE 20 RUSSIA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 46
TABLE 21 RUSSIA: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 46
TABLE 22 FRANCE: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 47
TABLE 23 FRANCE: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 47
TABLE 24 REST OF EUROPE: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 48
TABLE 25 REST OF EUROPE: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 48
TABLE 26 ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 49
TABLE 27 ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 50
TABLE 28 ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 50
TABLE 29 CHINA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 51
TABLE 30 CHINA: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 51
TABLE 31 INDIA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 52
TABLE 32 INDIA: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 52
TABLE 33 JAPAN: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 53
TABLE 34 JAPAN: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 53
TABLE 35 REST OF ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 54
TABLE 36 REST OF ASIA-PACIFIC: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 54
TABLE 37 REST OF THE WORLD: POWER TRANSFORMER MARKET, BY REGION, 2020-2027 (USD MILLION) 55
TABLE 38 REST OF THE WORLD: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 56
TABLE 39 REST OF THE WORLD: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 56
TABLE 40 LATIN AMERICA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 57
TABLE 41 LATIN AMERICA: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 57
TABLE 42 MIDDLE EAST: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 58
TABLE 43 MIDDLE EAST: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION) 58
TABLE 44 AFRICA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020-2027 (USD MILLION) 59
TABLE 45 AFRICA: POWER TRANSFORMER MARKET, BY POWER RATING, 2020-2027 (USD MILLION)
12 List Of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR 18
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 19
FIGURE 3 DRIVERS, RESTRAINTS, AND OPPORTUNITY OF GLOBAL TRANSFORMER MARKET 21
FIGURE 4 DRIVERS IMPACT ANALYSIS: POWER TRANSFORMER MARKET 23
FIGURE 5 RESTRAINTS IMPACT ANALYSIS: POWER TRANSFORMER MARKET 25
FIGURE 6 VALUE CHAIN: POWER TRANSFORMER MARKET 27
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL POWER TRANSFORMER MARKET 28
FIGURE 8 GLOBAL POWER TRANSFORMER MARKET, BY COOLING TYPE, 2020 (IN %) 32
FIGURE 9 GLOBAL POWER TRANSFORMER MARKET, BY POWER RATING, 2020 (IN %) 35
FIGURE 10 GLOBAL POWER TRANSFORMER MARKET SHARE, BY REGION, 2020 (% SHARE) 37
FIGURE 11 NORTH AMERICA: POWER TRANSFORMER MARKET SHARE, BY COUNTRY, 2020 (IN %) 38
FIGURE 12 EUROPE: POWER TRANSFORMER MARKET SHARE, BY COUNTRY, 2020 (IN %) 42
FIGURE 13 ASIA-PACIFIC: POWER TRANSFORMER MARKET SHARE, BY COUNTRY, 2020 (IN %) 49
FIGURE 14 REST OF THE WORLD: POWER TRANSFORMER MARKET SHARE, BY REGION, 2020 (IN %) 55
FIGURE 15 BENCHMARKING OF MAJOR COMPETITORS 61
FIGURE 16 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (IN %) 62
パワートランス市場
電力変圧器の市場規模は、2022年から2030年の間にCAGRの8.64％の成長率で、2033年までに34,510.2百万米ドルを上回ると予想されています
$34,510.2 Million
市場規模
8.64%
CAGR
Asia Pacific
支配的な地域
2022-2030
予測期間
セグメンテーション
キープレーヤー
- SGB-SMIT Group (Germany)
- Crompton Greaves Ltd. (India)
- Siemens AG (Germany)
- SPX Transformer Solutions Inc. (U.S.)
- Schneider Electric (France)
- Hyundai Electric & Energy Systems Co. Ltd. (South Korea)
- Bharat Heavy Electricals Limited (India)
- Hyosung Power & Industrial Solutions (South Korea)
- ABB Ltd. (Switzerland)
- Toshiba Corporation (Japan)
運転手
- Rising consumption of electricity in developed and developing countries
- Rise in the investment in the new power projects
- Rise in the renewable power generation
パワートランス市場の概要
電力変圧器の市場規模は、2022年から2030年の間にCAGRの8.64％の成長率で、2023年までに34,510.2百万米ドルを上回ると予想されています。
地域分析
レポートによると、地域に基づいて、世界市場はアジア太平洋、北米、ヨーロッパ、およびその他の世界に分割されています。その中で、アジア太平洋地域は、CAGRが高い予測期間にわたって市場で最大のシェアを保持すると予測されています。この地域の発展途上国は、電力への衝動、安定した経済成長、および電力へのアクセスを即興化する緊急性に応えるために、既存の配電チャネルと送電インフラを更新およびアップグレードするために継続的な努力を払っています。この地域の世界市場収益。これとは別に、インド、日本、中国におけるインフラの拡大と大規模発電所のための外国産業による投資の増加は、ここでの市場の成長のためのいくつかの追加要因です。
北米地域は、この地域に市場の主要な主要プレーヤーが存在するため、予測期間にわたって世界市場動向の大幅な成長が見られると予測されています。この地域の市場の成長に貢献している要因は、従来の電力インフラストラクチャのアップグレード、システムの信頼性に耐えるためのヘルスモニタリングへの投資の増加、および国営ユーティリティからのサポートメカニズムへの焦点です。それに加えて、都市化と工業化も市場の成長に燃料を追加しています。
競争環境
電源トランス市場は、いくつかの業界の主要企業が存在するため、本質的に競争力があります。これらの市場のプレーヤーは、最前線に留まるための多くの戦略を持っており、合併、買収、新製品の発売、合弁事業、コラボレーションとパートナーシップなど、プレーヤーに機会を創出するのにも役立ちます。これは、生産量を増やし、運用コストとダウンロード時間を管理するための開発途上国の製造施設の需要をシフトすることを強調しています。グローバル市場の主要なプレーヤーは次のとおりです。
キープレイヤー
- SGB-SMITグループ (ドイツ)
- クロンプトン・グリーブス・リミテッド (インド)
- シーメンスAG (ドイツ)
- SPX トランスフォーマー・ソリューションズ・インク (米国)
- シュナイダーエレクトリック (フランス)
- 現代電気 & エネルギーシステム Co.Ltd. (韓国)
- バーラト・ヘビー・エレクトリカル・リミテッド (インド)
- 暁星電力産業ソリューション (韓国)
- ABB Ltd. (スイス)
- 株式会社東芝 (日本)
- 三菱電機株式会社 (日本)
最新の市場調査先物（MRFR）の予測レポートによると、世界市場規模は34,51020万米ドルを上回り、2018年から2023年の間にCAGRの8.64％の成長率になると予想されています。トランスフォーマーは、電気エネルギーを転送するために使用するパッシブ電気デバイスです1つの電気回路を別の複数の電気回路に接続する。インフラ整備の増加によるエネルギー産業への投資の増加は、市場の成長を後押しすると予想されます。
電力供給の需要が高まり、最終的には市場の需要が高まるため、開発途上国の経済の発展が上昇しています。収益面では、2013年の世界市場は180億米ドルを超えると予想されています。電源変圧器の需要の増加の主な要因は、インフラの発展による発展途上国での電力需要の増加です。それに伴い、スマートグリッド開発の有望な取り組みにより、電源トランスの需要が高まっています。開発途上国政府は、高度に高度な技術電力変圧器の設置のためのイニシアチブを取っており、それに伴い、エネルギーの効率を改善し、予測される損失を最小限に抑えるために、既存の電力網を近代化することも奨励しています市場の成長を後押しします。
このレポートには、世界の電源トランス市場分析と市場の強みに関するすべての情報が含まれています。レポートには、ダイナミクス、セグメンテーション、主要プレーヤー、地域分析、およびその他の重要な要素の集大成も含まれています。また、2023年までの世界市場の見通しと予測の詳細な分析もレポートに含まれています。
コビッド19分析
covid19パンデミックの発生はすでにさまざまな業界に影響を及ぼしており、電源トランス業界も例外ではありません。独立商品情報局の報告によると、英国やドイツなどの先進国が安全対策のバックアップ業務を継続しているからといって、EUにおける原子力発電の入手可能性は持続し、市場にプラスの影響を与える可能性があります。EUが電力供給を発電し、それを農場、孤立した住宅、ポンプ場などの外部集落に分配することを奨励する。しかし、封鎖段階は配電会社に財政的に影響を及ぼし、封鎖の発表後、インドでは電力変圧器の需要が大幅に減少し、商業および産業部門の閉鎖により25〜28％減少しました。
パンデミックは米国の発電にも影響を及ぼし、2020年の商業部門は事業の閉鎖と産業の売上高の減少により4.7％急落しました工場が生産を削減したことで4.2％増加しました。これは、送電と電力変圧器のサプライチェーンに影響を与えています。
マーケットダイナミック
- ドライバー
電力需要の増加に伴い、開発途上国政府の生産、流通、送電インフラの能力を増強する取り組みが、世界の電源トランス市場シェアの成長。それに加えて、再生可能エネルギー発電への政府の焦点も市場の成長に貢献する主要な要因です。
さらに、先進国および発展途上国における電力消費の増加、従来の電力変圧器の置き換え、経済の成長、再生可能エネルギー源の助けを借りて電力が生成される新しい電力プロジェクトは、水力、風力、太陽光などの再生可能エネルギー発電、およびHVAC、HVDC電力、UHVなどの高電圧伝送技術の使用が増加しています。
- 機会
の台頭
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size |
|
| CAGR | 8.64% CAGR (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Cooling Type, Power Rating |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | SGB-SMIT Group (Germany), Crompton Greaves Ltd. (India), Siemens AG (Germany), SPX Transformer Solutions Inc. (U.S.), Schneider Electric (France), Hyundai Electric & Energy Systems Co. Ltd. (South Korea), Bharat Heavy Electricals Limited (India), Hyosung Power & Industrial Solutions (South Korea), ABB Ltd. (Switzerland), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan) |
| Key Market Opportunities | Global Rise In Electricity Demand |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
global power transformer market valuation will reach USD 34,510.2 million by 2023.
global power transformer market is expected to exhibit 8.64% CAGR from 2017 to 2023.
Investments in modernization of energy infrastructure, rise of renewable energy, and policies for curbing emissions are major drivers of the global power transformer market.
Asia Pacific can be lucrative for the global power transformer market owing to investments for development of infrastructure and construction of transmission & distribution units for expanding electricity output.
Hyosung Power & Industrial Solutions, Schneider Electric, Bharat Heavy Electricals Limited, Crompton Greaves Ltd., Hyundai Electric & Energy Systems Co., Ltd., SPX Transformer Solutions, Inc., ABB Ltd., Toshiba Corporation, Siemens AG, SGB-SMIT Group, and Mitsubishi Electric Corporation are key players of the global power transformer market.
There are three primary types of voltage transformers (VT): electromagnetic, capacitor, and optical.
The core of the transformer works to direct the path of the magnetic field between the primary and secondary coils to prevent wasted energy. Once the magnetic field reaches the secondary coil, it forces the electrons within it to move, creating an electric current via electromotive force (EMF).
Global Power Transformer Market: Competitive Landscape
ABB Ltd, Siemens AG, Schneider Electric, Mitsubishi Electric Corporation, and Toshiba Corporation. collectively accounted for more than 41.75% of the market share of the global power transformer market in 2017. These companies continue to retain their strong global presence through expansions followed by the partnerships and collaborations.
ABB Ltd. held the largest market share of 12.05%. ABB Ltd. is a pioneering technology leader that works closely with utility, industry, transport, and infrastructure customers. The company has its operations in four segments, namely, electrification products, robotics and motion, industrial automation, and power grids. Under electrification products, ABB manufactures and sells products and services including electric vehicle charging, solar inverters, modular substation packages, switchgear, UPS solutions, circuit breakers, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions designed to integrate and automate the lighting, heating and ventilation, and security and data communication networks. In April 2018, ABB announced the launch of ABB Ability Power Transformer, which is the world’s first integrated solution for digitally enabled power transformers. Besides, the company announced that all the power transformers manufactured by the company will be digitally automated. The company has intentions to lead in terms of technology in all its products.
Siemens AG held a market share of 10.76%. Siemens AG is an industrial conglomerate that operates power and gas, wind and renewables, power generation, energy management, building technologies, mobility, digital factory, process industries and drives, finance, healthcare, and real estate sectors. It offers power generation products for utilities, independent power producers, and industrial customers, as well as engineering, procurement, construction customers; operates onshore and offshore wind power projects; and installs hydropower plants. The company also provides factory/field support, maintenance, repair, replacements, and modernizations and upgrade services; high-voltage and medium-voltage switchgear and devices, energy automation products, transformers, low-voltage power distribution products, and smart grid products; and fire safety, security, building automation, and energy management products, as well as heating, ventilation, and air conditioning products. In addition, it offers mobility management, projects and electrification, mainline transport, and customer services; urban transport products; automation systems, industrial controls, industrial communication products, power supplies, operator control and monitoring systems, industry software, PC based automation, motion control, online support services, and more; and drive technology, integrated drive technology, process automation, and more.
Schneider Electric is a leading company in the digital transformation of energy management and automation in homes, buildings, data centers, infrastructure. The company is a complete power and automation solution provider for many end-use industries including oil and gas, mining, minerals, and metals, water and wastewater, cloud and service providers, and healthcare. Schneider Electric offers products for residential & small business, building automation & control, low voltage products & systems, solar & energy storage, access to energy, medium voltage distribution and grid automation, critical power, cooling & racks, industrial automation & control and software. The company offers a wide range of power transmission and distribution equipment, which include power and distribution transformers. The power transformers offered by the company are of low and medium power rating and cast resin transformers, and control power transformers.
Mitsubishi Electric Corporation is a diversified company with presence in more than 100 countries. The company is a leading manufacturer and seller of electric and electronic equipment that seek applications from energy and electric systems, industrial automation, information and communication systems, electronic devices, and home appliances. The business operations of the company are developing, manufacturing, distributing, and sales of power and electronic equipment, worldwide. Mitsubishi offers a wide range of products for energy and power systems, which include nuclear power plant, turbine generators, and power electronics equipment such as circuit breakers, switch control, motors, transformers, gas insulated switches and display devices and particle therapy systems. Mitsubishi offers a large variety of transmission and distribution transformers such as generator step-up transformers, autotransformers, transformers for slim rectifiers, substation transformers for factories, gas-insulated transformers, and traction transformers. The company earns its revenue predominantly from Asia-Pacific, where the company has 168 offices.
Toshiba Corporation, together with its subsidiaries, manufactures and markets electronic and electrical products and systems worldwide. It operates through six segments namely energy systems and solutions, infrastructure systems and solutions, retail and printing solutions, storage and electronic devices solutions, and industrial ICT solutions. Toshiba pioneered in development of transformers in Japan, introducing the first commercially successful unit in 1894. To satisfy the ever-increasing electricity demand, transmission voltages and capacity are continuously increasing with Toshiba at the forefront of producing transformers to meet these requirements ever since the early stages. In fact, Toshiba broke the previous Japanese high-voltage-capacity record with the development and commercialization of an 800kV transformer.
The global power transformer market is characterized by the presence of many global, regional, and local players. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality power transformer, in order to survive and succeed in an intensely competitive market environment.
