Power Transformers - Global Strategic Business Report

Power Transformers - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Nov 15, 2017, 333 Pages
US$4,950.00
GIA-MCP8134

This report analyzes the worldwide markets for Power Transformers in US$ by the following Product Categories based on capacity rating: 100 MVA - 500 MVA, 501 MVA - 800 MVA, and 801 MVA - 1200 MVA. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 67 companies including many key and niche players such as -

ABB Limited
ASTOR TRANSFORMER A.S
Bemag Transformer Inc.
Bharat Heavy Electricals Limited
Bowers Electricals Ltd.
Changzhou XD Transformer Co., Ltd.

Power Transformers - Global Strategic Business Report
TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Power Transformers: The Power to Manage Power with Greater
       Reliability, Efficiency, Resilience, and Durability              II-1
      Market Fortunes Intrinsically Linked to Electricity
       Transmission and Distribution Equipment Industry                 II-4
      Surge in Energy Consumption and Resulting Rise in Power
       Production and Transmission: The Fundamental Growth Driver       II-5
       Table 1: Projected Global Demand for Primary Energy (Mtoe)
       and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
       (includes corresponding Graph/Chart)                             II-6

       Table 2: Global Delivered Energy Consumption (quadrillion
       Btu) by End-use Sector (2012, 2020, 2025, 2030, and 2035)
       (includes corresponding Graph/Chart)                             II-7

       Table 3: Global Net Electricity Generation (in Trillion
       KiloWattHours (KWh)): Growth Trajectory for the Period
       1995-2035 (includes corresponding Graph/Chart)                   II-7
       Transformations in Power Transmission Technology over the Years  II-8
      Global Market Outlook                                             II-9

  2. COMPETITION                                                        II-11
      ABB Dominates the High Voltage Power Transmission Market          II-11
       Table 4: Leading Players in the Global High Power
       Transmission Equipment, Systems and Services Market (2017E):
       Market Share Breakdown for ABB Ltd, TBEA, Siemens, and Others
       (includes corresponding Graph/Chart)                             II-11
      Competitive Pressures Continue to Build Up in Power
       Transformers Business                                            II-11
       Noteworthy Mergers, Acquisitions & Divestitures during the
        Years 2005 to 2017                                              II-13
      Volatile Raw Material Prices: A Cause for Concern for
       Transformer Manufacturers                                        II-14
       Table 5: Power Transformers Cost Breakdown (includes
       corresponding Graph/Chart)                                       II-14
       Raw Material Prices Alter Transformer Designs                    II-15

  3. MARKET TRENDS, ISSUES & DRIVERS                                    II-16
      Rising Utility Investments in Power Infrastructure for
       Transitioning to the Smart Grid Standard Drive Healthy Market
        Growth                                                          II-16
       Table 6: Global Investments in Smart Grids by Category (2017 & 
       2020): Breakdown of Investments (US$ Million) for
       Transmission Modernization, Distribution Automation, Networks
       Operations Software, Advanced Metering Infrastructure (AMI),
       and Others (includes corresponding Graph/Chart)                  II-17
       Power Infrastructure to Experience Considerable
        Transformation Driven by Modern Technology and Renewables       II-18
      Myriad Benefits and Superior Attributes over Traditional
       Transformers Drive Strong Demand for Smart Transformers          II-21
       Table 7: Global Smart Transformers Market - Annual Revenue
       Figures in US$ Million for Years 2014, 2016, 2018 & 2020
       (includes corresponding Graph/Chart)                             II-23
       Smart Transformers for Smarter Power Transmission and
        Distribution                                                    II-24
        Traditional Vs. Smart Transformers: A Comparison                II-25
      Growing Prominence of Smart Cities and Smart Homes of the
       Future Necessitates Highly Capable Power T&D Networks            II-26
       Table 8: Global Spending on Smart City Infrastructure by
       End-use (2017 & 2020): Breakdown of Spend (Hardware,
       Software, and Services) in US$ Million for Buildings & Homes,
       Education, Industry Automation, Power Supply, Security, and
       Others (includes corresponding Graph/Chart)                      II-28

       Table 9: Number of Smart Cities Worldwide (2013-2020)
       (includes corresponding Graph/Chart)                             II-29

       Table 10: Number of Smart Cities Worldwide by Geographic
       Region (2025) (includes corresponding Graph/Chart)               II-29

       Table 11: Number of Smart Homes Worldwide (in 000 Households)
       by Select Country for the Years 2015 & 2020 (includes
       corresponding Graph/Chart)                                       II-30

       Table 12: Global Connected Home Devices by Type (2015, 2017 &
       2020): Breakdown of Shipments (in Million Units) for Smart
       Home Energy, Smart Home Security, Smart Appliances, and Other
       Systems (includes corresponding Graph/Chart)                     II-30
      Sophisticated Technology, Innovative Materials and Superior
       Engineering of Modern Power Transformers Spearhead Market
        Growth                                                          II-31
       Self-Cooling Transformers from ABB                               II-32
       An Ester Fluid-based Phase Shifting Power Transformer by Siemens II-32
       Hybrid Power Transformers Technology                             II-33
       Energy Efficient and Eco-Friendly Power Transformers             II-34
       Wireless Power Transmission                                      II-35
       Innovative Alternative Fluids                                    II-36
       Design Innovation in Large Power Transformers                    II-36
       Dryformers by ABB                                                II-37
       Superconductor Based Power Transformers                          II-37
       HTS Transformers: Energy Efficient, Lightweight, and Small Sized II-38
       Gas-Insulated Power Transformers                                 II-38
        Future for Gas-Insulated Transformers Appears Bright            II-39
        IEC Standards for Gas-Insulated Transformers                    II-39
       Powerformer: A Superior Replacement for Step-Up Transformer      II-39
       Innovative On-load Tap Changers (OLTCs) Improves Reliability
        and Safety                                                      II-40
      Exponential Increase in Global Urban Population: A Mega Trend
       Favoring Market Gains                                            II-40
       Table 13: World Urban Population in Thousands: 1950-2050P
       (includes corresponding Graph/Chart)                             II-41

       Table 14: Degree of Urbanization Worldwide: Urban Population
       as a % of Total Population by Geographic Region for the Years
       1990, 2014 & 2050 (includes corresponding Graph/Chart)           II-42
      New Infrastructure, Upgrade, and Expansion Projects in
       Developing Countries Offer Immense Growth Potential              II-42
       Table 15: Global Power Transformers Market - Geographic
       Regions Ranked by Value CAGR for 2016-2024: Asia-Pacific,
       Latin America, Rest of World, USA, Canada, Europe, and Japan
       (includes corresponding Graph/Chart)                             II-43

       Table 16: Estimated Global Power Generation Infrastructure
       Requirement (US$ Billion) for China, India and Latin America
       Over the Period 2010-2030 (includes corresponding
       Graph/Chart)                                                     II-44
       Rural Electrification Drive in Developing Countries Promote
        Growth                                                          II-44
      Aging Power Transformer Fleet Underscores Need for Replacement
       and Upgrades in Developed Markets                                II-44
      Stabilizing Regulatory Environment Augurs Well for the Market     II-45
       Proposed/Approved Standards for Transformers in Select Countries II-45

  4. PRODUCT OVERVIEW                                                   II-46
      Transformers: A Prelude                                           II-46
       Electricity Generation and Transmission Ecosystem                II-46
        Table 17: Categorization of Distribution Transformers based
        on Their Capacities                                             II-47
      Architecture of Transformers                                      II-47
      Transformer Failure                                               II-48
       Reasons for Transformer Failure                                  II-49
        Contaminants                                                    II-49
        Fault Currents                                                  II-49
        Usage beyond Stipulated Thermal Limits                          II-49
        Corrosion                                                       II-49
        Electromagnetic Disturbances                                    II-49
       Transformer Efficiency                                           II-50
      Power Transformers                                                II-50
       Functions of a Power Transformer                                 II-50
      Power Transformers and Distribution Transformers: A Comparison    II-51
      History of Transformers                                           II-51

  5. PRODUCT INTRODUCTIONS                                              II-52
      ABB Launches 66 kV WindSTAR Transformer                           II-52
      LSIS Introduces New Power Transformer                             II-52
      GE Unveils First Eco-Friendly Transformer                         II-52
      Torus Power to Introduce TOT AVR Power Transformers Series        II-52

  6. RECENT INDUSTRY ACTIVITY                                           II-53
      ABB Takes Over GE Industrial Solutions                            II-53
      Hyosung Merges Existing Products with ICT                         II-53
      Clean Line Energy Appoints Mitsubishi as Preferred Supplier       II-53
      WEG S.A Takes Over CG Power                                       II-53
      ABB Sets Up $10m Power Transformer Plant                          II-53
      Croatia's Koncar D&ST to Take Over Major Control in Polish
       Company                                                          II-53
      BC Partners to Divest SGB-SMI Group                               II-54
      Siemens Inks Manufacturing Agreement with Eii                     II-54
      CKP Group to Take Over Diamond Power Infrastructure               II-54
      CG Achieves Order from PT PLN                                     II-54
      GE to Provide Power Transformers to Karpowership                  II-54
      ABB Achieves Order from PSE S.                                    II-54
      MEIDEN to Take Over Major Control in PML                          II-55
      MEPPI Transports First 765kV Power Transformer to AEP             II-55
      ABB to Provide Transformers for World’s Most Powerful Wind
       Turbines                                                         II-55
      CG Achieves Order from PT PLN (Persero)                           II-55
      OpenGate Capital Takes Over Power Partners                        II-55

  7. FOCUS ON SELECT GLOBAL PLAYERS                                     II-56
      ABB Limited (Switzerland)                                         II-56
      ASTOR TRANSFORMER A.S (Turkey)                                    II-56
      Bemag Transformer Inc. (Canada)                                   II-57
      Bharat Heavy Electricals Limited (India)                          II-57
      Bowers Electricals Ltd. (UK)                                      II-58
      Changzhou XD Transformer Co., Ltd. (China)                        II-58
      CG Power and Industrial Solutions Limited (CG) (India)            II-58
      DAIHEN Corporation (Japan)                                        II-59
      Diamond Power Infrastructure Limited (India)                      II-59
      EFACEC Group (Portugal)                                           II-60
      GE Grid Solutions (USA)                                           II-60
      Hammond Power Solutions, Inc. (Canada)                            II-61
      Howard Industries, Inc. (USA)                                     II-61
      Hyosung Power & Industrial Systems Performance Group (South
       Korea)                                                           II-62
      Hyundai Electric & Energy Systems Co., Ltd. (South Korea)         II-62
      Imefy Group (Spain)                                               II-62
      JiangSu HuaPeng Transformer Co., Ltd. (JSHP) (China)              II-63
      Kirloskar Electric Company Limited (India)                        II-63
      KONCAR Group (Croatia)                                            II-63
      Mitsubishi Electric Corporation (Japan)                           II-63
      Olsun Electrics Corporation (USA)                                 II-64
      Powertech Transformers (Pty) Ltd. (South Africa)                  II-64
      Schneider Electric SA (France)                                    II-65
      SGB-SMIT Group (Germany)                                          II-65
      Shihlin Electric & Engineering Corporation (Taiwan)               II-65
      Siemens AG (Germany)                                              II-66
      SPX Transformer Solutions, Inc. (USA)                             II-66
      Tebian Electric Apparatus Stock Co., Ltd. (TBEA) (China)          II-67
      Toshiba Energy Systems & Solutions Corporation (Japan)            II-67
      Wilson Power Solutions (UK)                                       II-67
       Wilson Transformer Company (Australia)                           II-68
      Winder Power Ltd. (UK)                                            II-68

  8. GLOBAL MARKET PERSPECTIVE                                          II-69
      Table 18: World Recent Past, Current & Future Analysis for
      Power Transformers by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2016 through 2024 (includes
      corresponding Graph/Chart)                                        II-69

      Table 19: World Historic Review for Power Transformers by
      Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2011 through 2015 (includes corresponding
      Graph/Chart)                                                      II-70

      Table 20: World 14-Year Perspective for Power Transformers by
      Geographic Region - Percentage Breakdown of Dollar Sales for
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Latin America and Rest of World Markets for Years 2011, 2017 &
      2024 (includes corresponding Graph/Chart)                         II-71

      Table 21: World Recent Past, Current & Future Analysis for 100
      MVA - 500 MVA Power Transformers by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America and Rest of World Markets Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2016 through
      2024 (includes corresponding Graph/Chart)                         II-72

      Table 22: World Historic Review for 100 MVA - 500 MVA Power
      Transformers by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in US$ Million for Years 2011 through 2015 (includes
      corresponding Graph/Chart)                                        II-73

      Table 23: World 14-Year Perspective for 100 MVA - 500 MVA
      Power Transformers by Geographic Region - Percentage Breakdown
      of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)      II-74

      Table 24: World Recent Past, Current & Future Analysis for 501
      MVA - 800 MVA Power Transformers by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America and Rest of World Markets Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2016 through
      2024 (includes corresponding Graph/Chart)                         II-75

      Table 25: World Historic Review for 501 MVA - 800 MVA Power
      Transformers by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in US$ Million for Years 2011 through 2015 (includes
      corresponding Graph/Chart)                                        II-76

      Table 26: World 14-Year Perspective for 501 MVA - 800 MVA
      Power Transformers by Geographic Region - Percentage Breakdown
      of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)      II-77

      Table 27: World Recent Past, Current & Future Analysis for 801
      MVA - 1200 MVA Power Transformers by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America and Rest of World Markets Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2016 through
      2024 (includes corresponding Graph/Chart)                         II-78

      Table 28: World Historic Review for 801 MVA - 1200 MVA Power
      Transformers by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in US$ Million for Years 2011 through 2015 (includes
      corresponding Graph/Chart)                                        II-79

      Table 29: World 14-Year Perspective for 801 MVA - 1200 MVA
      Power Transformers by Geographic Region - Percentage Breakdown
      of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)      II-80


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Need to Replace and Upgrade Aging T&D Infrastructure Drive
         Market Growth                                                  III-1
         Table 30: Transmission & Distribution Spending ($ Billion)
         in the United States: 1990-2009 & 2010-2030 (includes
         corresponding Graph/Chart)                                     III-2
         Major Growth Drivers Summarized                                III-2
          Inadequate and Aging T&D Infrastructure                       III-2
          Failure of Vital Systems During Storms Resulting in Power
           Outages                                                      III-3
          Need for Reliable Power Supply                                III-3
          Regulatory Landscape                                          III-3
          Demand for Outsourced Providers                               III-4
          Focus on Renewable Energy Generation                          III-4
          Proliferation of Oil & Gas Production                         III-5
          Transition from Coal to Natural Gas Generation                III-5
        Expanding Smart Grid Infrastructure Boosts Demand for Smart
         Transformers                                                   III-6
         Smart Transformers to Enhance Flexibility and Cleanliness
          of Electrical Grids                                           III-7
        Replacement Demand to Drive Spending on Larger Power
         Transformers (LPTs)                                            III-7
         Table 31: US Transmission & Distribution Spending for the
         Period 2011-2035: Percentage (%) Breakdown of Spending for
         New Equipment and Replacements (includes corresponding
         Graph/Chart)                                                   III-8
        Bourgeoning Electricity Demand Provides the Perfect Platform
         for Market Adoption                                            III-8
         Table 32: Electricity Demand (Billion KWh) in the United
         States: 1980-2040 (includes corresponding Graph/Chart)         III-9
        Steady Penetration of Renewable Energy in Power Generation
         Set to Support Growth                                          III-9
         Table 33: US Net Electricity Generation by Energy Source
         (2000, 2010, 2020, 2030 & 2040): Breakdown of Electricity
         Generation (Billion Kilowatt-hours) from Coal, Natural Gas,
         Nuclear, Petroleum, and Renewable Energy (includes
         corresponding Graph/Chart)                                     III-10
        Industrial & Electric Utilities: Dominant End-use Sectors
         for T&D Equipment                                              III-10
         Table 34: Electric Power T&D Equipment Market in the US by
         End-use Sector (2017E): Percentage Breakdown of Value
         Demand for Residential, Commercial, Electric Utilities
         Industrial and Others (includes corresponding Graph/Chart)     III-11

         Table 35: Energy Consumption in the United States (2008,
         2016 & 2020): Breakdown of Electricity Consumption (in
         Billion Kilowatt Hours) by Key End-Use Industries -
         Residential, Commercial, and Industrial (includes
         corresponding Graph/Chart)                                     III-11
         Presence of Leading Suppliers in Medium and Large Power
          Transformers                                                  III-12
         Electric Utilities to Benefit from Energy-Related
          Technology Disruptions in Silicon Valley                      III-12
        US Imports of LPTs with High Capacity Rating Continue to
         Increase                                                       III-14
        North American T&D Infrastructure: A Macro Perspective          III-14
        Strategic Corporate Developments                                III-15
        Select Key Players                                              III-16
      B.Market Analytics                                                III-18
        Table 36: The US Recent Past, Current & Future Analysis for
        Power Transformers by Capacity Rating - 100 MVA - 500 MVA;
        501 MVA - 800 MVA; and 801 MVA - 1200 MVA Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-18

        Table 37: The US Historic Review for Power Transformers by
        Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2011 through 2015 (includes corresponding Graph/Chart)          III-19

        Table 38: The US 14-Year Perspective for Power Transformers
        by Capacity Rating - Percentage Breakdown of Dollar Sales
        for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and 801 MVA - 1200
        MVA Transformer Markets for Years 2011, 2017 & 2024
        (includes corresponding Graph/Chart)                            III-20

  2. CANADA                                                             III-21
      A.Market Analysis                                                 III-21
        Product Launch                                                  III-21
        Select Key Players                                              III-21
      B.Market Analytics                                                III-22
        Table 39: Canadian Recent Past, Current & Future Analysis
        for Power Transformers by Capacity Rating - 100 MVA - 500
        MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-22

        Table 40: Canadian Historic Review for Power Transformers by
        Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2011 through 2015 (includes corresponding Graph/Chart)          III-23

        Table 41: Canadian 14-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2011, 2017 & 
        2024 (includes corresponding Graph/Chart)                       III-24

  3. JAPAN                                                              III-25
      A.Market Analysis                                                 III-25
        Recent Energy Sector Transformation and Focus on Renewable
         Energy Sustain Market Growth                                   III-25
         Table 42: Japan’s Power Generation by Energy Source (2005,
         2015, 2030): Percentage Breakdown for Coal-fired Thermal
         Power, Gas-fired Thermal Power, Nuclear Power, Oil-fired
         Thermal Power, and Renewable Energy (includes corresponding
         Graph/Chart)                                                   III-26
        Select Key Players                                              III-26
      B.Market Analytics                                                III-28
        Table 43: Japanese Recent Past, Current & Future Analysis
        for Power Transformers by Capacity Rating - 100 MVA - 500
        MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-28

        Table 44: Japanese Historic Review for Power Transformers by
        Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2011 through 2015 (includes corresponding Graph/Chart)          III-29

        Table 45: Japanese 14-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2011, 2017 & 
        2024 (includes corresponding Graph/Chart)                       III-30

  4. EUROPE                                                             III-31
      A.Market Analysis                                                 III-31
        Europe: A Matured yet Growing Market for Power Transformers     III-31
        Market Prospects to Benefit from the Evolution of Smart Grids   III-31
        EU Proposes New Ecodesign Energy Efficiency Standard for
         Transformers                                                   III-32
      B.Market Analytics                                                III-34
        Table 46: European Recent Past, Current & Future Analysis
        for Power Transformers by Geographic Region - France,
        Germany, Italy, UK, Spain, Russia and Rest of Europe Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2016 through 2024 (includes corresponding
        Graph/Chart)                                                    III-34

        Table 47: European Historic Review for Power Transformers by
        Geographic Region - France, Germany, Italy, UK, Spain,
        Russia and Rest of Europe Markets Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2011
        through 2015 (includes corresponding Graph/Chart)               III-35

        Table 48: European 14-Year Perspective for Power
        Transformers by Geographic Region - Percentage Breakdown of
        Dollar Sales for France, Germany, Italy, UK, Spain, Russia
        and Rest of Europe Markets for Years 2011, 2017 & 2024
        (includes corresponding Graph/Chart)                            III-36

        Table 49: European Recent Past, Current & Future Analysis
        for Power Transformers by Capacity Rating - 100 MVA - 500
        MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-37

        Table 50: European Historic Review for Power Transformers by
        Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2011 through 2015 (includes corresponding Graph/Chart)          III-38

        Table 51: European 14-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2011, 2017 & 
        2024 (includes corresponding Graph/Chart)                       III-39

  4a. FRANCE                                                            III-40
      A.Market Analysis                                                 III-40
        Schneider Electric SA - A Major France-Based Company            III-40
      B.Market Analytics                                                III-41
        Table 52: French Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-41

        Table 53: French Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-42

  4b. GERMANY                                                           III-43
      A.Market Analysis                                                 III-43
        Product Launch                                                  III-43
        Strategic Corporate Development                                 III-43
        Select Key Players                                              III-43
      B.Market Analytics                                                III-45
        Table 54: German Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-45

        Table 55: German Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-46

  4c. ITALY                                                             III-47
       Market Analysis                                                  III-47
        Table 56: Italian Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-47

        Table 57: Italian Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-48

  4d. THE UNITED KINGDOM                                                III-49
      A.Market Analysis                                                 III-49
        Strategic Corporate Development                                 III-49
        Select Key Players                                              III-49
      B.Market Analytics                                                III-51
        Table 58: The UK Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-51

        Table 59: The UK Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-52

  4e. SPAIN                                                             III-53
      A.Market Analysis                                                 III-53
        Imefy Group - A Major Spain-Based Company                       III-53
      B.Market Analytics                                                III-54
        Table 60: Spanish Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-54

        Table 61: Spanish Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-55

  4f. RUSSIA                                                            III-56
       Market Analysis                                                  III-56
        Table 62: Russian Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-56

        Table 63: Russian Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-57

  4g. REST OF EUROPE                                                    III-58
      A.Market Analysis                                                 III-58
        Product Launch                                                  III-58
        Strategic Corporate Developments                                III-58
        Select Key Players                                              III-59
      B.Market Analytics                                                III-61
        Table 64: Rest of Europe Recent Past, Current & Future
        Analysis for Power Transformers Market Analyzed with Annual
        Sales Figures in US$ Million for Years 2016 through 2024
        (includes corresponding Graph/Chart)                            III-61

        Table 65: Rest of Europe Historic Review for Power
        Transformers Market Analyzed with Annual Sales Figures in
        US$ Million for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-62

  5. ASIA-PACIFIC                                                       III-63
      A.Market Analysis                                                 III-63
        Asia-Pacific: The Largest and the Fastest Growing Power
         Transformers Market Worldwide                                  III-63
        China and India Offer Significant Market Growth Opportunities   III-63
        Rural Electrification in Asian Countries Promote Growth         III-64
        Railway Electrification and High Speed Railway Projects
         Benefit Market Growth                                          III-65
      B.Market Analytics                                                III-66
        Table 66: Asia-Pacific Recent Past, Current & Future
        Analysis for Power Transformers by Geographic Region -
        China, India and Rest of Asia-Pacific Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2016 through 2024 (includes corresponding Graph/Chart)          III-66

        Table 67: Asia-Pacific Historic Review for Power
        Transformers by Geographic Region - China, India and Rest of
        Asia-Pacific Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2011 through 2015
        (includes corresponding Graph/Chart)                            III-67

        Table 68: Asia-Pacific 14-Year Perspective for Power
        Transformers by Geographic Region - Percentage Breakdown of
        Dollar Sales for China, India and Rest of Asia-Pacific
        Markets for Years 2011, 2017 & 2024 (includes corresponding
        Graph/Chart)                                                    III-68

        Table 69: Asia-Pacific Recent Past, Current & Future
        Analysis for Power Transformers by Capacity Rating - 100 MVA - 
        500 MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA
        Transformer Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-69

        Table 70: Asia-Pacific Historic Review for Power
        Transformers by Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 
        800 MVA; and 801 MVA - 1200 MVA Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-70

        Table 71: Asia-Pacific 14-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2011, 2017 & 
        2024 (includes corresponding Graph/Chart)                       III-71

  5a. CHINA                                                             III-72
      A.Market Analysis                                                 III-72
        Government Efforts to Address the Country’s Power
         Requirements Drive Strong Market Growth                        III-72
         Table 72: Electricity Consumption in China: 2006-2016 (in
         TWh) (includes corresponding Graph/Chart)                      III-73
         The Northwest and Southeast China to Bolster the Demand for
          Electric T&D Equipment                                        III-73
        Industry Moves towards High-Voltage Transformers                III-74
        Issues Persist in the Chinese Transformer Industry              III-74
        Chinese Transformers Industry: Highly Competitive at the
         Lower End                                                      III-74
         Table 73: Leading Transformer Companies in China (2017E):
         Percentage Market Share Breakdown for ABB, Baoding, TBEA,
         XD Electric and Others (includes corresponding Graph/Chart)    III-74
        Select Key Players                                              III-75
      B.Market Analytics                                                III-76
        Table 74: Chinese Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-76

        Table 75: Chinese Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-77

  5b. INDIA                                                             III-78
      A.Market Analysis                                                 III-78
        Government’s Power-for-All Initiative to Drive Demand for
         Power Transformers                                             III-78
        Opportunities Galore for Indian Transformer Manufacturers       III-79
         Overseas Players Keenly Eye Indian Shores, Market Headed
          for Consolidation                                             III-79
        The Indian Electrical Equipment Industry: A Macro Perspective   III-80
        Strategic Corporate Developments                                III-80
        Select Key Players                                              III-81
      B.Market Analytics                                                III-83
        Table 76: Indian Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-83

        Table 77: Indian Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-84

  5c. REST OF ASIA-PACIFIC                                              III-85
      A.Market Analysis                                                 III-85
        Australia and New Zealand: Replacement Demand is the Key
         Growth Driver                                                  III-85
        Product Launch                                                  III-85
        Strategic Corporate Developments                                III-86
        Select Key Players                                              III-86
      B.Market Analytics                                                III-88
        Table 78: Rest of Asia-Pacific Recent Past, Current & Future
        Analysis for Power Transformers Market Analyzed with Annual
        Sales Figures in US$ Million for Years 2016 through 2024
        (includes corresponding Graph/Chart)                            III-88

        Table 79: Rest of Asia-Pacific Historic Review for Power
        Transformers Market Analyzed with Annual Sales Figures in
        US$ Million for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-89

  6. LATIN AMERICA                                                      III-90
      A.Market Analysis                                                 III-90
        Mexico: A Niche Regional Market                                 III-90
      B.Market Analytics                                                III-91
        Table 80: Latin American Recent Past, Current & Future
        Analysis for Power Transformers by Geographic Region -
        Brazil and Rest of Latin America Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2016 through 2024 (includes corresponding Graph/Chart)          III-91

        Table 81: Latin American Historic Review for Power
        Transformers by Geographic Region - Brazil and Rest of Latin
        America Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-92

        Table 82: Latin American 14-Year Perspective for Power
        Transformers by Geographic Region - Percentage Breakdown of
        Dollar Sales for Brazil and Rest of Latin America Markets
        for Years 2011, 2017 & 2024 (includes corresponding
        Graph/Chart)                                                    III-93

        Table 83: Latin American Recent Past, Current & Future
        Analysis for Power Transformers by Capacity Rating - 100 MVA -
        500 MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA
        Transformer Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-94

        Table 84: Latin America Historic Review for Power
        Transformers by Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 
        800 MVA; and 801 MVA - 1200 MVA Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-95

        Table 85: Latin American 14-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2011, 2017 & 
        2024 (includes corresponding Graph/Chart)                       III-96

  6a. BRAZIL                                                            III-97
      A.Market Analysis                                                 III-97
        Rising Electricity Consumption to Drive Market Demand           III-97
      B.Market Analytics                                                III-98
        Table 86: Brazilian Recent Past, Current & Future Analysis
        for Power Transformers Analyzed with Annual Sales Figures in
        US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-98

        Table 87: Brazilian Historic Review for Power Transformers
        Analyzed with Annual Sales Figures in US$ Million for Years
        2011 through 2015 (includes corresponding Graph/Chart)          III-99

  6b. REST OF LATIN AMERICA                                             III-100
       Market Analysis                                                  III-100
        Table 88: Rest of Latin America Recent Past, Current &
        Future Analysis for Power Transformers Analyzed with Annual
        Sales Figures in US$ Million for Years 2016 through 2024
        (includes corresponding Graph/Chart)                            III-100

        Table 89: Rest of Latin America Historic Review for Power
        Transformers Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-101

  7. REST OF WORLD                                                      III-102
      A.Market Analysis                                                 III-102
        Energy Infrastructure Needs in the Middle East Drive Market
         Growth                                                         III-102
         Upgrade of Electric Power and Distribution Infrastructure
          Drive Demand in Saudi Arabia                                  III-102
         Saudi Arabia’s Ambitious Solar Energy Plans to Boost Smart
          Grids                                                         III-103
        Energy Challenges Open Avenues for Huge Investment
         Opportunities in Africa                                        III-103
        Growing Investments in Large-Scale Power Infrastructure
         Projects Bodes Well for the African Market                     III-103
        Strategic Corporate Developments                                III-104
        Powertech Transformers (Pty) Ltd. - A Major South Africa-
         Based Company                                                  III-104
      B.Market Analytics                                                III-105
        Table 90: Rest of World Recent Past, Current & Future
        Analysis for Power Transformers by Capacity Rating - 100 MVA - 
        500 MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA
        Transformer Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-105

        Table 91: Rest of World Historic Review for Power
        Transformers by Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 
        800 MVA; and 801 MVA - 1200 MVA Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-106

        Table 92: Rest of World 14-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2011, 2017 & 
        2024 (includes corresponding Graph/Chart)                       III-107


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 67 (including Divisions/Subsidiaries - 91)

     The United States (12)
     Japan (6)
     Europe (21)
     - France (1)
     - Germany (2)
     - The United Kingdom (1)
     - Italy (4)
     - Spain (1)
     - Rest of Europe (12)
     Asia-Pacific (Excluding Japan) (43)
     Middle East (4)
     Latin America (2)
     Africa (3)
Additional Information:
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Date of Publication:
Nov 15, 2017
Number of Pages:
333 Pages