Global Converter Transformer Market Overview:
Converter transformer refers to the special transformer help in stepping the voltage of the AC supply in the network. This is designed for offering high current for industrial applications. Converter transformer is capable of operating with 12 pulses. This eliminates numerous harmonic current components by using a star-to-delta (wye-delta) connection of transformer winding. Owing to the growing demand for efficient power transmission solutions need for integration of smart grid technologies and rising government infrastructure will drive the market for converter transformer in the forecasted period. Some of the key players profiled in the study are ABB Ltd. (Switzerland), General Electric (United States), Tebian Electric Apparatus Stock Company Ltd. (China), Siemens AG (Germany), Crompton Greaves Ltd. (India), Bharat Heavy Electricals Limited (India), Toshiba (Japan) and Kirloskar Electric Company Limited (India).
On the basis of geography, the market of Converter Transformer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Rating, the sub-segment i.e. Below 500MW will boost the Converter Transformer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Configuration, the sub-segment i.e. Back-to-back will boost the Converter Transformer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage level, the sub-segment i.e. 200kV will boost the Converter Transformer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Efficient Transmission Solution
- Rising Government Investments
- Technological Innovation Aimed At Improving Manufacturing Process
- High Capital Requirements
- Lack of Standardizations
- Rising Concerns Towards High Power Transmission
- Significant Rise in Offshore Wind Farms
- Lengthy Approval Procedure for HVDC Projects
Target Audience:Converter Transformer MAnufacturer, Converter Transformer Supplier & wholesaler, Raw Material Supplier, Government Bodies & Association, Research Laboratory and End Users
Major Objectives Focused through this Study To define, describe, and forecast the Global Converter Transformer market on the basis of product  , application [Windfarms , Oil & Gas , Grid Connections and By], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Converter Transformer market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Converter Transformer industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Shadong Power Equipment Company Limited and XIAN XD Transformer Co. Ltd.
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Converter Transformer market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.