Converter Transformer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1028 | Report Format : | Status : Upcoming |

Abstract

Global Converter Transformer Market: Overview

Converter transformers assist in rising voltage of AC supply in a network; it operates with 12 pulses for each cycle in the AC supply. By using the star-to-delta connection, it removes harmonic current components of the transformer winding. Insulation of transformer winding is designed to withhold large DC potential to earth. One unit of converter transformers can be made as large as 300 Mega volt-amperes (MW). It is very difficult for the large transformers to transfer large voltage; hence, this issue can be resolved by connecting many transformers together using two phases and three phases. Converter transformers can be used in a number of industries such as oil & gas, grid connections, and windfarms.

Global Converter Transformer Market: Growth Factors

Growth in the population and increasing demand for electricity by various industries foster the global converter transformer market growth. Additionally, rising demand for energy transmission over long distance is expected to fuel the global market growth in future. Adoption of the high-voltage direct current technology across the world is anticipated to contribute to the growth of the global market in future. High-voltage direct current enables to transfer high voltage electric transmission at long distance from generation to consumption centers. Moreover, strict environmental regulations set by the government for cable-based transmission drives the global converter transformer market growth in the coming future. Converter transformers are replacing the traditional overhead lines owing to the need for transmitting power at a long distance. Furthermore, power generation by using renewable source such as hydel plants, distantly located solar panels, and offshore wind farms are responsible for the global market growth. However, low standard and high cost and lengthy approval procedures for HVDC projects are major challenges before the global market.

Global Converter Transformer Market: Segmentation

The global converter transformer market is categorized based on the configuration as multi-terminal, monopolar, bipolar, and back-to-back. Based on power rating, the global market is segmented as 500 MW, 501 MW–999 MW, 1000 MW–2000 MW and above 2000 MW. The geographical segmentation in the global converter transformer market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Converter Transformer Market: Regional Analysis

Asia Pacific is the leading region in the global market owing to higher acceptance of the convert transformer. This region is experiencing faster growth due to emerging economies such as India and China. Increasing demand for converter transformers in this region is anticipated to fuel the global converter transformer market growth. China is highly investing in the distribution and transmission sector. While Europe is following the same trend as Asia Pacific owing to up gradation and replacement of old power sector.

Global Converter Transformer Market: Competitive Players

Key players in the global converter transformer market are Greaves Ltd., Tebian Electric Apparatus Stock Company Ltd., Abb Ltd., Shadong Power Equipment Company Limited, and Xian XD Transformers Co. Ltd. Other players influencing the global market are General Electric, Kirloskar Electric Company Limited, Bharat Heavy Electrics Limited, Siemens AG, and Toshiba.

Global Converter Transformer Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Passive Optical Network Market, by Structure (GPON, EPON, WDM-PON), by Component (ONT, OLT), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019– 2026

Mar-2020 | Price : $ 4199.00 | Pages: 144 | Report Code: ZMR-5343 | Report Format:

This report analyzes and estimates the passive optical network market at global, regional, and country level. Assessment of the global passive optical network analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2019...Read More

Metal Fabrication Equipment Market, by Equipment Type (Machining, Cutting, Forming, Welding, and Others), by Application (Residential, Commercial, and Industrial), by End-User (Oil & Gas, Automotive & Aviation, Power Plants, Chemicals & Mining, Construction, and Others) by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Mar-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5342 | Report Format:

This report analyzes and estimates the metal fabrication equipment market at global, regional, and country level. Assessment of the global doctor blade analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2020 to 202...Read More

Machine Health Monitoring Market, by Type (Lubricant Oil Analysis, Ultrasonic Inspection, MSCA, Vibration Monitoring, and Infrared Thermography), by Application (Oil and Gas, Marine, Automotive, Energy and Power, Metals and Mining, and Others), By Monitoring Process (Online Condition Monitoring, and Portable Condition Monitoring), by Component (Corrosion Probes, IR Sensors, Spectrometers, Ultrasonic Detectors, Vibration Sensors and Others), by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Mar-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5341 | Report Format:

This report analyzes and estimates the machine health monitoring market at global, regional, and country level. Assessment of the global doctor blade analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2020 to 2026....Read More

Integrated Passive Devices Market, by Material (Silicon, Glass, and Others), by Passive Devices (Baluns, Filter, Couplers, Diplexers, Customized IPDs, and Others), by Application (ESD/EMI, RF IPD, Digital & Mixed Signals, and Others), by Wireless Technology (WLAN, Bluetooth, Cellular, GPS, and Others), By End Use Industry (Consumer Electronics, Automotive, Communication, Aerospace & Defense, Healthcare & Lifesciences, and Others) by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Mar-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5340 | Report Format:

This report analyzes and estimates the integrated passive devices market at global, regional, and country level. Assessment of the global integrated passive devices market provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from ...Read More

Mini LED Market by Application (Consumer Electronics, Automotive, Others), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2026

Mar-2020 | Price : $ 4199.00 | Pages: 132 | Report Code: ZMR-5339 | Report Format:

This report analyzes and estimates the mini LED market at global, regional, and country level. Assessment of the global mini LED analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2019 to 2026. The report include...Read More

Request Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.