CATEGORY

Transformers

A transformer is a static electrical machine which transfers electrical energy from one circuit to another through the process of electromagnetic induction and is most commonly used to increase (‘step up’) or decrease (‘step down’) voltage levels between circuits.

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CATEGORY ALERTS

Hitachi Energy supplies worldbreaking OceaniQTM subsea transformers to OneSubsea

July 12, 2022
alert level: Medium
CATEGORY ALERTS

Enel Grids develops natural ester-insulated low carbon transformer

July 21, 2022
alert level: Medium
CATEGORY ALERTS

Xidian Changchang successfully tests 250MVA/500kV transformer

October 06, 2022
alert level: Low

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Transformers Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Transformers category is 7.30%

Payment Terms

(in days)

The industry average payment terms in Transformers category for the current quarter is 72.9 days

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    Transformers Suppliers


    139,456
    Total Suppliers
    5,888
    Diverse Suppliers
    70
    Normalized Supplier Rating
    Transformers Supplier

    Find the right-fit transformers supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ABB Ltd
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    58

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    59
    Social
    54
    Governance
    62
    6 Domains Performance (/100)
    Business behaviour
    58
    Human rights
    58
    Community Environment
    37
    Corporate governance
    67
    Human resources
    54
    Security Scorecard
    97

    Threat indicators
    A
    100
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    88
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    100
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    global.abb
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    7
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    8
    Corruption Issues
    11
    Regulatory Non Compliance Flags
    27
    Fraud Issues
    7
    Labor Health Safety Flags
    8
    Regulatory Issues
    9
    Workforce Disputes
    2
    Sanctions
    0
    esg energy transition
    59
    Discrimination Workforce Rights Issues
    6
    esg controversies critical severity
    No

    Transformers market report transcript


    Global Market Outlook on Transformers

    The APAC will continue to dominate the market, in terms of growth prospects through to 2021

    Increasing demand for electricity in emerging and developed countries, backed by increasing investment in infrastructure, is expected to drive the transformers market globally. Also, initiatives taken to replace aging transformers with energy- efficient transformers, especially in North America and Europe, are further expected to drive the power transformers market

    Global Market Maturity

    Increasing demand for electricity in emerging and developed countries, backed by increasing investment in infrastructure, is expected to drive the transformers market globally. However, slowdown of economy and investments in the mining sector are likely to affect the demand for transformers in this particular segment

    Global Market Size and Trend

    • The global transformers market was around $33.2 billion in 2014, and it is expected to reach $46.9 billion by 2020, growing at a CAGR of 5-7 percent during 2014–2020
    • Increasing demand for electricity in emerging and developed countries, backed by increasing investment in infrastructure, is expected to drive the transformers market globally. Also, initiatives taken to replace aging transformers with energy-efficient transformers, especially in North America and Europe, are further expected to drive the power transformers market
    • The growth of the large power transformers segment is higher, due to the increasing adoption of HVDC transmission projects, in the APAC region, so as to reduce transmission loss during transmission over large distances
    • Volatility in raw material prices, such as copper and steel, may restrain the growth of transformers industry globally

    Global Drivers and Constraints

    Drivers

    • Increasing demand for electricity in emerging and developed countries, such as China, India, Germany, and the UK, backed by increasing investment in infrastructure, is expected to drive the transformers market globally
    • Governments have started taking initiatives for improving energy efficiency and minimizing loss by putting pressure on the utilities to replace old transformers, and in turn, install technologically advanced power transformers, thereby, modernizing the existing power grids. Such is the case in China, India, Germany, and the UK
    • Developed countries are integrating wind and other renewable energies, thereby increasing load flow on aging grids, which may lead to frequent short-circuit situations, and thus provide more opportunities for the transformer industry growth
    • Improvements in the mining sector is expected to further boost the growth of the transformer industry in this region

    Constraints

    • Volatility in steel, copper, and crude oil prices is expected to restrain the growth of transformers globally
    • Such volatility in raw material prices has created pressure on manufacturers' profit margin, due to which, some of the global players in the industry have shifted their production facilities to regions that facilitate lower cost of manufacturing as well have a higher demand, like China, India, etc.
    • Power transformers are special ordered machineries and require highly skilled workforces. Low availability of skilled service engineers is likely to hinder the growth in this industry

    Market Overview

    The Transformer material suppliers Market Share (2019E): ABB - 13-14%, Siemens 11-12%, GE (Acquired Alstom) - 10-11%, Hyundai 2-3%, TBEA - 2-3%, Mitsubishi 2-3%, and Others - 54-56%.

    Initiatives to replace aging T&D infrastructure is the major driver for the transformers industry in the North America region.

    Increasing T&D network expansion projects in developing countries, like China and India, are the major driver for the transformers industry in the APAC region.

    Increasing industrialization and growing demand for power are the major drivers for the transformers industry in South American region.

    Currently, there is no technology or product, which provides an alternative to transformers from the end use/application point of view.

    Why You Should Buy This Report

    • The report gives information on the transformers market size, maturity, drivers and constraints, and the regional market outlook of North America, APAC, Middle East, Europe.
    • It gives the Porter’s five force analysis of the global transformers market, the supply landscape and swot analysis of transformer industry.
    • The report analyzes the cost breakup, pricing trends, price drivers, etc. It lists out the best industry practices, sourcing and contract models and technological innovations.