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

Wide Bandgap Semiconductors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2495 | Report Format:

Wide Bandgap Semiconductors Market: Overview The semiconductor material that offers the devices with the facility of operating in high voltages, high temperatures, and frequencies is known as wide-bandgap semiconductors. The wide-bandgap semiconductors are mainly used for making the blue green ...Read More

Enterprise Key Management Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2491 | Report Format:

Enterprise Key Management Market: Overview The tool that is used for providing the specific keys to the data that is encrypted is known as enterprise key management. The solutions of the enterprise key management can be used in both on the cloud and on-premise. When the solutions are managed on ...Read More

Regulatory Reporting Solutions Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2488 | Report Format:

Regulatory Reporting Solutions Market: Overview The enterprises are largely adopting the regulatory reporting solutions as they help in automating the workflow which further helps in reporting and monitoring. The growing enforcement measures have increased the need for the enterprises to adopt t...Read More

Payment Bank Solutions Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2487 | Report Format:

Payment Bank Solutions Market: Overview In the recent years, there has been an increasing demand for the online transactions and the increasing integration of the digitization has made the banks to offer several options for the banking payments. These payment banks have modernized the banking so...Read More

Audio Codec Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2480 | Report Format:

Audio Codec Market: Overview The device audio codec is used for the conversion of the analog and digital audio signals for the purpose of storage or transmission. The hardware device of the audio codec has the facility of both the digital-to-analog converter and analog-to-digital converter thus ...Read More

Choose License Type:
Latest Published Reports

View All Published Reports