1 Table of contents 3
1.1 List of Tables 8
1.2 List of Figures 10
2 Introduction 11
2.1 Definition 11
2.1.1 Power Transformer 11
2.1.2 Segmentation Based on Geographic Region 11
2.2 GlobalData Report Guidance 12
3 World Transformer Market, Overview 13
4 World Transformer Market, Market Trends 14
5 World Transformer Market, Drivers and Impact Analysis, 2010 – 2020 15
5.1 Aging equipment provides opportunity for replacement market 15
5.2 Increased electricity generation and upgradation of transmission and distribution infrastructure promotes demand for transformers 15
5.3 Capital spending and investments in industries expected to boost growth of the market 16
5.4 Growing importance of energy efficiency increases demand for energy-efficient transformers 16
6 World Transformer Market, Restraints and Impact Analysis, 2010 – 2020 17
6.1 Economic slowdown impacts sales of transformers 17
6.2 Fluctuations in raw material costs impact transformer prices 17
6.3 Price-based competition impacts price and revenues in the market 18
6.4 Delay in the progress of power sector reforms hampers the demand for transformers 18
7 World Transformer Market, Challenges and Impact Analysis, 2010 – 2020 19
7.1 Impact of economic slowdown across the world likely to dampen global demand for transformers 19
7.2 Fluctuations in raw material cost impact market growth 19
7.3 Low availability of qualified manpower constraints sales and after-sales service 20
8 World Transformer Market, Market Size Analysis, 2000–2020 21
9 World Transformer Market, Forecasts by Geogrophic Region, 2000–2020 23
9.1 Forecasts for North American Market 23
9.2 Forecasts for Asia Pacific Market 25
9.3 Forecasts for European Market 27
9.4 Forecasts for Latin American Market 29
9.5 Forecasts for Rest of the World Market 31
10 World Transformer Market, Percentage of Revenues by Geogrophic Region , 2000–2020 33
11 World Transformer Market, Market Share Analysis 34
12 World Power Transformer Market, Market Trends 36
13 World Power Transformer Market, Market Size Analysis, 2000–2020 37
14 World Power Transformer Market, Forecasts by Geogrophic Region, 2000–2020 39
14.1 Forecasts for North American Power Transformer Market 39
14.2 Forecasts for Asia Pacific Power Transformer Market 41
14.3 Forecasts for European Power Transformer Market 43
14.4 Forecasts for Latin America Power Transformer Market 45
14.5 Forecasts for Rest of World Power Transformer Market 47
15 World Power Transformer Market, Percentage of Revenues by Geogrophic Region , 2000–2020 49
16 World Power Transformer Market, Market Share Analysis 50
17 The US Transformer Market, Overview 52
18 The US Transformer Market, Drivers and Impact Analysis, 2010 – 2020 53
18.1 Aging equipment provides opportunity for replacement market 53
18.2 Bottlenecks in transmission spurs demand for improved level of transformer 53
18.3 Increasing need for asset management services boost profit margin 54
18.4 Economy drives the load and the load drives the demand for power 54
18.5 Growth in urban density drives the demand for smaller, lighter, and environment friendly transformers 54
18.6 Continuous gain in electricity production by non-utility generators 54
19 The US Transformer Market, Restraints and Impact Analysis, 2010 – 2020 55
19.1 Financial condition of the utilities 55
19.2 Uncertain regulatory environment 55
19.3 Economic uncertainty and cautious approach of customers 55
19.4 Unfavourable exchange rate 56
19.5 Market price deterioration 56
19.6 Industry consolidation 56
20 The US Transformer Market, Challenges and Impact Analysis, 2010 – 2020 57
20.1 Increasing price pressure 57
20.2 High bargaining power of buyers 57
20.3 Mature transformer market 57
20.4 Monitoring and diagnostic capability 58
20.5 Domination of global participants in transformer market squeezes out smaller players 58
20.6 Greater emphasis being given toward safety, environmental, and efficiency issues 58
20.7 Slight excess capacity versus demand 58
21 The US Transformer Market, Distribution Channels 59
22 The US Transformer Market, Technology Trends, 2009 60
22.1 Technological Trends 60
22.1.1 Acoustic Emission Technologies 60
22.1.2 Hybrid Insulation 60
23 The US Power Transformer Market, Market Size Analysis, 2000–2020 61
24 The US Power Transformer Market, Pricing Analysis, 2000 – 2020 66
25 The US Transformer Market, Competitive Analysis, 2009 68
25.1.1 Delivery reliability and speed 68
25.1.2 Historical Performance 68
25.1.3 Price 68
25.1.4 Product Features 68
25.1.5 Streamlining supply chain channels 68
25.1.6 Quality and engineering 69
25.1.7 Macro Environment Factors 69
26 The US Power Transformer Market, Market Share Analysis, 2009 70
27 Canada Transformer Market, Overview 72
28 Canada Transformer Market, Drivers and Impact Analysis, 2010 – 2020 73
28.1 Replacement demand 73
28.2 Increased electricity generation and upgradation of transmission and distribution infrastructure supports demand 73
28.3 Growing importance of energy efficiency increases demand for energy-efficient transformers 73
29 Canada Transformer Market, Restraints and Impact Analysis, 2010 – 2020 74
29.1 Increasing raw material prices 74
29.2 Long life-span of transformers 74
29.3 Currency fluctuation and uncertain environment 74
30 Canada Transformer Market, Challenges and Impact Analysis, 2010 – 2020 75
30.1 Increasing raw material prices 75
30.2 Increasing construction costs 75
30.3 Lack of willingness and incentive 75
30.4 Compliance with the efficiency standards 76
31 Canada Transformer Market, Technology Trends 77
31.1 Energy Efficient Transformers 77
31.2 Intelligent Universal Transformer ( IUT) 77
31.3 Drying Technology 77
32 Canada Transformer Market, Distribution Channel Analysis, 2000–2020 78
33 Canada Power Transformer Market, Market Size Analysis, 2000–2020 79
34 Canada Transformer Market, New versus Replacement Demand Analysis, 2009 84
35 Canada Power Transformer Market, Pricing Analysis, 2000 – 2020 85
36 Canada Transformer Market, Competitive Analysis, 2009 87
36.1 Canada Power Transformer Market, Market Share Analysis, 2009 88
37 India Transformer Market, Overview 89
38 Indian Transformer Market, Drivers and Impact Analysis, 2010 – 2020 90
38.1 T&D reform programs and schemes such as R-APDRP 90
38.2 PGCIL plans to increase interregional transmission capacity 90
38.3 Augmentation of power generation capacity in Line with the GoI’s objective of “Power for All” 90
38.4 Replacement of outdated equipment 91
39 Indian Transformer Market, Restraints and Impact Analysis, 2010 – 2020 92
39.1 Price competition in the market 92
39.2 Poor financial condition of SEBs 92
39.3 Macroeconomic challenges constraining public and private funding 92
39.4 Slow rate of unbundling the SEBs 92
40 India Transformer Market, Challenges and Impact Analysis, 2010 – 2020 93
40.1 Limited availability of CRGO steel 93
40.2 Price volatility of raw material inputs 93
40.3 Inadequate transformer testing facilities 93
40.4 Shortage of trained manpower 93
40.5 Uncertainty and slowness in pace of reforms 94
41 Indian Transformer Market, Technology Trends, 2009 95
42 Indian Power Transformer Market, Market Size Analysis, 2000–2020 96
43 Indian Transformer Market, New versus Replacement Demand Analysis, 2009 100
44 Indian Power Transformer Market, Pricing Analysis, 2000 – 2020 101
45 Indian Transformer Market, Competitive Analysis, 2009 103
45.1 Indian Power Transformer Market, Competitive Analysis, 2009 103
46 Indian Transformer Market, Recent Developments / Expansion Plans 105
47 Chinese Transformer Market, Overview 106
48 Chinese Power Grid Market Overview 107
48.1 History 107
48.2 Investment 107
49 Chinese Transformer Market, Drivers and Impact Analysis, 2010 – 2020 109
49.1 Power generation capacity addition in China to boost transformers market demand 109
49.2 Distributed characteristics of the Chinese natural resource put forward higher requirement for national power grid system 109
49.3 Electricity consumption growth in China promotes transformers market demand 110
49.4 Increasing spending on power grid infrastructure to strengthen power transformers market demand 110
49.5 Macroeconomic and Political Stability Encourage Investment Growth in China 110
49.6 Replacement/retrofitting programs revitalize transformer market 111
49.7 Huge government investment stimulates the demand 111
50 Chinese Transformer Market, Restraints and Impact Analysis, 2010 – 2020 112
50.1 Increase in transformer price checks the development of renovation projects 112
50.2 Delay in power sector reforms progress likely to hamper demand for transformers 112
50.3 Reduced infrastructure investments in the medium and long term constrain transformer market demand 112
51 Chinese Transformer Market, Challenges and Impact Analysis, 2010 – 2020 113
51.1 Global economic crisis reshapes the market 113
51.2 Periodic adjustment in the Chinese economy and power industries can lead to uncertainties and risks of investment 114
51.3 Demand for high reliability and compact products pressurizes R&D, design, and related divisions 114
52 Chinese Power Transformer Market, Market Size Analysis, 2000–2020 115
53 China Power Transformer Market, Pricing Analysis, 2000 – 2020 118
54 China Power Transformer Market, Competitive Analysis 120
54.1 Baoding Tianwei Baobian Electric Co. Ltd. 123
54.2 Tebian Electric Apparatus Stock Co., Ltd. (TBEA) 123
55 Australia Transformer Market, Overview 124
56 Australia Transformer Market, Drivers and Impact Analysis, 2010 – 2020 125
56.1 Ageing infrastructure increases the demand for replacement of power 125
56.2 Growth in installed capacity and power consumption to strengthen the need for augmentation 125
56.3 Ongoing construction of LNG plants 126
56.4 Shorter lead times and more reasonable evaluation of the projects 126
56.5 Establishment of long-term agreements boosts the revenue growth in the transformer service market 126
56.6 Replacement market encourages demand for transformers 126
56.7 Growth in minerals and construction industry stimulates market demand 127
57 Australia Transformer Market, Restraints and Impact Analysis, 2010 – 2020 128
57.1 Increase in interest rates curbs investments 128
57.2 Funding constraints 128
57.3 Drop in demand for power from several end-user sectors 128
57.4 Limited manpower resources restrains infrastructure development 129
57.5 Off-shoring manufacturing activities hamper industrial demand 129
58 Australia Transformer Market, Challenges and Impact Analysis, 2010 – 2020 130
58.1 Limited local production capacity increases delivery lead time 130
58.2 Rise in the cost of raw materials increases pressure on pricing strategies 130
58.3 A highly specification-driven market increases the barriers for the entry of low cost manufacturers 131
59 Australia Power Transformer Market, Market Size Analysis, 2000–2020 132
60 Australia Power Transformer Market, Pricing Analysis, 2000 – 2020 136
61 Australia Power Transformer Market, Competitive Analysis 138
62 South Africa Transformer Market, Overview 140
63 South African Transformer Market, Drivers and Impact Analysis, 2010 – 2020 141
63.1 Significant investments towards upgradation and expansion 141
63.2 Replacement demand 141
63.3 Rural electrification programmes 141
63.4 Growth of the South African minerals industry stimulates market demand 141
64 South African Transformer Market, Restraints and Impact Analysis, 2010 – 2020 142
64.1 Increased price-based competition 142
64.2 Long lifespan of transformers 142
64.3 Lack of skilled manpower 142
64.4 Availability of imported materials 142
64.5 Currency fluctuation 143
65 South African Transformer Market, Challenges and Impact Analysis, 2010 – 2020 144
65.1 Price volatility of transformer raw material 144
65.2 Transformer protection and maintenance factors 144
65.3 Large Market Shares of leading competitors offers high barriers of entry 144
65.4 Ability to meet the increasing demand for transformer equipment 144
65.5 Lead time 145
66 South Africa Power Transformer Market, Market Size Analysis, 2000–2020 146
67 South Africa Transformer Market, Distribution Channel Analysis, 2009 151
67.1.1 Direct Sales 151
67.1.2 Project sales 151
67.1.3 Original Equipment Manufacturers’ Sales 151
67.1.4 Retail Sales 151
67.2 South Africa Transformer Market, Procurement Process, 2009 152
68 South Africa Power Transformer Market, Pricing Analysis, 2000 – 2020 154
69 South Africa Transformer Market, Technology Trends 157
69.1.1 The Need for Energy-efficient Transformers 157
69.1.2 Drying Technology 157
69.1.3 Condition Monitoring for Transformers 157
70 South Africa Power Transformer Market, Competitive Analysis 158
71 Germany Transformer Market, Overview 160
72 German Transformer Market, Drivers and Impact Analysis, 2010 – 2020 161
72.1 Increased Focus on Renewable Energy Sources, Particularly Offshore Wind Energy 161
72.2 Harmonization of Electricity Grids 161
72.3 Advent of Smart Grid 161
72.4 Growing Environmental and Safety Concerns 162
73 German Transformer Market, Restraints and Impact Analysis, 2010 – 2020 163
73.1 Price Volatility of Raw Materials 163
73.2 Impact of Global Economic Downturn 163
73.3 Market Saturation 163
73.4 Entry by Asian Companies 163
74 German Transformer Market, Challenges and Impact Analysis, 2010 – 2020 164
74.1 Growing multinational presence squeezes out smaller players 164
74.2 Manufacturers fail to meet demand for lower prices 164
74.3 Increasing emphasis being given by end-users towards service issues 164
74.4 Companies not active in the international market face missing growth opportunities 164
75 Germany Transformer Market, Distribution Channels 165
76 German Transformer Market, Technology Trends, 2009 166
77 German Power Transformer Market, Market Size Analysis by Product Segment, 2000–2020 167
78 German Power Transformer Market, Pricing Analysis, 2000 – 2020 172
79 German Transformer Market, Competitive Analysis, 2009 174
79.1 Cost Reduction 174
79.2 Globalization 174
79.3 Overcoming Price 174
79.4 Specialization 174
80 German Power Transformer Market, Market Share Analysis, 2009 175
81 Italy Transformer Market, Overview 177
82 Italy Transformer Market, Drivers and Impact Analysis, 2010 – 2020 178
82.1 Replacement opportunities 178
82.2 New end-user opportunities 178
82.3 Growing environmental awareness 178
83 Italy Transformer Market, Restraints and Impact Analysis, 2010 – 2020 179
83.1 Market saturation 179
83.2 Decreasing electricity prices 179
83.3 Delayed purchases from utility sector 179
84 Italy Transformer Market, Technology Trends, 2009 180
85 Italy Power Transformer Market, Market Size Analysis by Product Segment, 2000–2020 181
86 Italy Power Transformer Market, Pricing Analysis, 2000 – 2020 185
87 Italy Power Transformer Market, Market Share Analysis, 2009 187
88 Appendix 188
88.1 About Power eTrack 188
88.2 Abbreviations 188
88.3 Definitions 190
88.3.1 Power 190
88.3.2 Installed Capacity 190
88.3.3 Electricity Generation 190
88.3.4 Thermal Power 190
88.3.5 Hydro Power 190
88.3.6 Nuclear Power 190
88.3.7 Renewable Energy Resources 190
88.3.8 Electricity Consumption 190
88.3.9 Market Size 190
88.3.10 Revenue 190
88.4 Methodology 191
88.4.1 Coverage 191
88.4.2 Secondary Research 191
88.4.3 Primary Research 192
88.4.4 Expert Panel Validation 192
88.5 Contacts 192
88.6 Disclaimer 192