Phase Transformers Market by Type (Direct, Indirect, Asymmetrical, Symmetrical) by Application (Power Lines, Grid Stability and Others) and by Region - Global Trends and Forecast to 2027
A phase transformer is a specialized type of transformer, typically used to control the flow of active power on three-phase electric transmission networks. The functions of the phase transformer are to defend transmission lines, make power grids more dependable as well as decrease losses in transmission. A phase transformer is an essential component that is used to enhance the efficiency of the AC network. When the transmitted energy increases then it will push the network to the edge, enhancing the threat of network insecurity. It does so by regulating the voltage phase angle difference between two nodes of the system. The principle relies on a phase-shifted voltage source injection into the line by a series connected transformer, which is fed by a shunt transformer. The configuration of the shunt and series transformer unit induces the phase shift.
In an increasingly complex power-generation landscape and a growing energy market, the capability to control the flow of power is fast gaining in crucial importance. This is the area, where phase transformers excel. Grid operators use this capability to increase the transmission capacity of the network while minimizing expensive grid expansions. These transformers protect lines, make grids more dependable, and reduce transmission losses. And they are among the most economic and cost-efficient solutions for power-flow management out there.
Based on type, the phase transformer market can be classified into direct, indirect, Asymmetrical, and symmetrical phase transformers. Direct PSTs are based on one 3-phase core. The phase shift is obtained by connecting the windings in an appropriate manner. Indirect PSTs are based on construction with two separate transformers: one variable tap exciter to regulate the amplitude of the quadrature voltage and one series transformer to inject the quadrature voltage in the right phase. Asymmetrical PSTs create an output voltage with an altered phase angle and amplitude compared to the input voltage. Symmetrical PSTs create an output voltage with an altered phase angle compared to the input voltage, but with the same amplitude.
Based on the Application the phase transformer market can be classified into power lines, grid stability, and others. The application for phase transformers in power lines is to provide active power flow control by enforcing the blocks or loads to improve the stability and flexibility of the power grids. Phase-shifters are available in a range from ¡Ü 2000 MVA and ¡Ü 765 kV. The design is compact and accompanied by a low noise effect and high shift phase capacity. Phase transformers are the most common and economic approach to power flow management. It also helps in enhancing the system design. Also, the existing transmission lines can be loaded to their thermal limit without being overloaded to high limits.
The phase transformer market based on the region can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. With worldwide demand for phase transformers, Asia-Pacific tends to dominate in the regional analysis due to high revenue growth profits, increasing rate for upcoming power grid expansion projects, and an upsurge in renewable energy and power generation. Numerous research efforts are being initiated to develop advanced technologies for optimum grid operations in North America and Europe. Also, the intelligent network communication and control systems accompanied by adaptive networks and interactive functionalities will help bolster the network outlook in the major power grid regions. ABB¡¯s High-performance phase transformers to better control the integrating of offshore wind power into the electricity grid / Potential to offer savings of more than $110 million over 3 years for Germany.
The phase transformer market represents a significant opportunity to increase the world¡¯s renewable power generation capacity. As countries continue to develop, and the global population and its reliance on energy grow, so does the demand for power systems to provide additional clean energy resources. The phase transformers could potentially supply a significant percentage of future electricity needs along with developed scenarios for power distribution in the industrial sectors.
A few of the major players operating in the phase transformer market include Siemens (Germany), ABB (Switzerland), General Electric (U.S.), Schneider Electric (U.S), Nix Electric Co (US), Tamini (Italy), and SGB-SMIT Group (Germany).
TABLE OF CONTENTS
1 INTRODUCTION
1.1. STUDY OBJECTIVES
1.2. MARKET DEFINITION
1.3. INCLUSIONS AND EXCLUSIONS
1.3.1. PHASE TRANSFORMER MARKET, BY TYPE: INCLUSION AND EXCLUSIONS
1.3.2. PHASE TRANSFORMER MARKET, BY APPLICATION: INCLUSION AND EXCLUSIONS
1.3.3. PHASE TRANSFORMER MARKET, BY REGION: INCLUSION AND EXCLUSIONS
1.4. MARKET SCOPE
1.4.1. MARKET SEGMENTATION
1.4.2. REGIONAL SCOPE
1.5. YEARS CONSIDERED
1.6. CURRENCY
1.7. STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.1.1. SECONDARY DATA
2.1.1.1. Key data from secondary sources
2.1.2. PRIMARY DATA
2.1.2.1. Key data from primary sources
2.1.2.2. Key industry insights
2.1.2.3. Breakdown of primary interviews
2.2. MARKET SIZE ESTIMATION
2.2.1. BOTTOM-UP APPROACH
2.2.2. TOP-DOWN APPROACH
2.3. DATA TRIANGULATION
2.3.1. PHASE TRANSFORMER MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
2.4. RESEARCH ASSUMPTIONS
2.5. LIMITATIONS
2.6. RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1. ATTRACTIVE OPPORTUNITIES IN THE GLOBAL PHASE TRANSFORMER MARKET
4.2. PHASE TRANSFORMER MARKET, BY REGION
4.3. PHASE TRANSFORMER MARKET, BY TYPE
4.4. PHASE TRANSFORMER MARKET, BY APPLICATION
5 MARKET OVERVIEW
5.1. INTRODUCTION
5.1.1. MARKET DYNAMICS
5.1.2. DRIVERS
5.1.3. RESTRAINTS
5.1.4. OPPORTUNITIES
5.1.5. CHALLENGES
5.2. TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.3. PRICING ANALYSIS
5.3.1. AVERAGE SELLING PRICE OF PHASE TRANSFORMER OFFERED BY KEY PLAYERS
5.3.2. AVERAGE SELLING PRICE TREND, BY TYPE
5.4. VALUE/SUPPLY CHAIN ANALYSIS
5.5. TECHNOLOGY ANALYSIS
5.6. KEY CONFERENCES & EVENTS IN 2022-2023
5.7. MARKET MAP
5.8. PATENT ANALYSIS
5.9. TRADE ANALYSIS
5.10. CASE STUDY ANALYSIS
5.11. TARIFFS, CODES & REGULATIONS
5.11.1. REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12. PORTER’S FIVE FORCE ANALYSIS
5.13. KEY STAKEHOLDERS & BUYING CRITERIA
5.13.1. KEY STAKEHOLDERS IN THE BUYING PROCESS
5.13.2. BUYING CRITERIA
6 PHASE TRANSFORMER MARKET, BY TYPE
(Value (USD Million) -2020, 2021 2022-e, 2027-f)
6.1. INTRODUCTION
6.2. DIRECT
6.3. INDIRECT
6.4. ASYMMETRICAL
6.5. SYMMETTRICAL
7 PHASE TRANSFORMER MARKET, BY APPLICATION
(Value (USD Million) - 2020, 2021, 2022-e, 2027-f)
7.1. INTRODUCTION
7.2. POWER LINES
7.3. GRID STABILITY
7.4. OTHER
8 PHASE TRANSFORMER MARKET, BY REGION
(Value (USD Million) - 2020, 2021, 2022-e, 2027-f)
8.1. INTRODUCTION
8.2. NORTH AMERICA
8.2.1. BY TYPE
8.2.2. BY APPLICATION
8.2.3. BY COUNTRY
8.2.3.1. US
8.2.3.2. Canada
8.2.3.3. Mexico
8.3. ASIA PACIFIC
8.3.1. BY TYPE
8.3.2. BY APPLICATION
8.3.3. BY COUNTRY
8.3.3.1. China
8.3.3.2. India
8.3.3.3. South Korea
8.3.3.4. Japan
8.3.3.5. Rest of Asia Pacific
8.4. EUROPE
8.4.1. BY TYPE
8.4.2. BY APPLICATION
8.4.3. BY COUNTRY
8.4.3.1. Gernmany
8.4.3.2. Scotland
8.4.3.3. UK
8.4.3.4. France
8.4.3.5. Italy
8.4.3.6. Rest of Europe
8.5. LATIN AMERICA
8.5.1. BY TYPE
8.5.2. BY APPLICATION
8.5.3. BY COUNTRY
8.5.3.1. Brazil
8.5.3.2. Argentina
8.5.3.3. Rest of South America
8.6. MIDDLE EAST & AFRICA
8.6.1. BY TYPE
8.6.2. BY APPLICATION
8.6.3. BY COUNTRY
8.6.3.1. UAE
8.6.3.2. Rest of the Middle East & Africa
9 COMPETITIVE LANDSCAPE
9.1. KEY PLAYER STRATEGIES
9.2. COMPETITIVE SCENARIOS AND TRENDS
9.3. RECENT MARKET DEVELOPMENTS
9.4. MARKET SHARE (BY REVENUE), 2021
9.5. REVENUE ANALYSIS OF TOP 5 PLAYERS, 2021
9.6. COMPANY EVALUATION QUADRANT
9.6.1. STAR
9.6.2. PERVASIVE
9.6.3. EMERGING LEADER
9.6.4. PARTICIPANT
9.7. START-UP/SME EVALUATION QUADRANT
9.7.1. DYNAMIC COMPANY
9.7.2. RESPONSIVE COMPANY
9.7.3. PROGRESSIVE COMPANY
9.7.4. STARTING BLOCK
9.7.5. COMPETITIVE BENCHMARKING
9.8. PHASE TRANSFORMER MARKET: COMPANY FOOTPRINT
10 COMPANY PROFILES
10.1. ABB
10.1.1. Business Overview
10.1.2. Products Offered
10.1.3. Recent Developments
10.1.4. MnM view
10.1.4.1. Key strategies/right to win
10.1.4.2. Strategic choices made
10.1.4.3. Weaknesses and competitive threats
10.2. GENERAL ELECTRIC
10.3. SIEMENS
10.4. SCHNEIDER ELECTRIC
10.5. NIX ELECTRIC CO.
10.6. TAMINI
10.7. SGB-SMIT GROUP
10.8. BAODING TIANWEI BAOBIAN ELECTRIC CO. LTD.
10.9. EVR POWER
11 APPENDIX
11.1. INSIGHTS OF INDUSTRY EXPERTS
11.2. DISCUSSION GUIDE
11.3. KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4. CUSTOMIZATION OPTIONS
11.5. RELATED REPORTS
11.6. AUTHOR DETAILS
Note: e-Estimated, f-Forecast
• THIS IS A TENTATIVE LIST OF COMPANIES. ADDITIONAL COUNTRIES & COMPANIES MAY BE ADDED/UPDATED DURING THE COURSE OF THE STUDY
• DETAILS ON COMPANY OVERVIEW, FINANCIALS, PRODUCT & SERVICES, STRATEGY, AND DEVELOPMENTS MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES
Growth opportunities and latent adjacency in Phase Transformers Market