Liquid-immersed transformers market size expected to increase by USD 10.74 billion from 2022 to 2027: Growth opportunities led by ABB Ltd, ALTRAFO Srl, Celme Srl - Technavio

NEW YORK, Feb. 9, 2023 /PRNewswire/ -- The liquid-immersed transformers market size is forecast to increase by USD 10.74 billion from 2022 to 2027, at a CAGR of 5.86%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the liquid-immersed transformers (LIT) market was valued at USD 27.78 billion. The growth of the market will be driven by the expansion of T&D (transmission and distribution) driving the demand for liquid-immersed transformers, modernization of existing transformers, and increasing investment in renewable energy sources.

Charts & data tables about market and segment sizes for a historic period of five (2017-
2021) years have been covered in this report. Download the sample report

The market is segmented by type (power transformers and distribution transformers), application (commercial power, residential power, and industrial power), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Segmentation by type(power transformers and distribution transformers)

• Power transformers: Power transformers are typically located inside substations or distribution stations, reducing the risk of accidents and injuries. The growing population and expanding economies in the Middle East and APAC have led to increased demand for power transformers, particularly for new grid network installations. Similarly, the rapid industrial development in India and China has also increased the global demand for electricity, which attracts new investments in power infrastructure.

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Technavio has extensively analyzed 15 major vendors, including ABB Ltd., ALTRAFO Srl, Celme Srl, CG Power and Industrial Solutions Ltd., China XD Group, DuPont de Nemours Inc., Eaton Corp. Plc, EL Sewedy Electric Co., General Electric Co., Hitachi Ltd., Hyosung Heavy Industries Corp., Hyundai Heavy Industries Group, IMEFY GROUP, ISMET GmbH, LS ELECTRIC Co. Ltd., MGM Transformer Co., Schneider Electric SE, Siemens AG, Toshiba Corp., and Vantran Transformers

Key benefits for industry players & stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

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What are the key data covered in this liquid-immersed transformers (LIT) market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the liquid-immersed transformers (LIT) market between 2023 and 2027
• Precise estimation of the size of the liquid-immersed transformers (LIT) market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the liquid-immersed transformers (LIT) market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of liquid-immersed transformers (LIT) market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global liquid-immersed transformers market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global liquid-immersed transformers market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Power transformers - Market size and forecast 2022-2027
• Exhibit 34: Chart on Power transformers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Power transformers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Power transformers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Power transformers - Year-over-year growth 2022-2027 (%)

• 6.4 Distribution transformers - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Distribution transformers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Distribution transformers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Distribution transformers - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Distribution transformers - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 43: Chart on Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Commercial power - Market size and forecast 2022-2027
• Exhibit 47: Chart on Commercial power - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Commercial power - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Commercial power - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Commercial power - Year-over-year growth 2022-2027 (%)

• 7.4 Residential power - Market size and forecast 2022-2027
• Exhibit 51: Chart on Residential power - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Residential power - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Residential power - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Residential power - Year-over-year growth 2022-2027 (%)

• 7.5 Industrial power - Market size and forecast 2022-2027
• Exhibit 55: Chart on Industrial power - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Industrial power - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Industrial power - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Industrial power - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 59: Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 112: ABB Ltd. - Overview
• Exhibit 113: ABB Ltd. - Business segments
• Exhibit 114: ABB Ltd. - Key news
• Exhibit 115: ABB Ltd. - Key offerings
• Exhibit 116: ABB Ltd. - Segment focus

• 12.4 ALTRAFO Srl 
• Exhibit 117: ALTRAFO Srl - Overview
• Exhibit 118: ALTRAFO Srl - Product / Service
• Exhibit 119: ALTRAFO Srl - Key offerings

• 12.5 Celme Srl 
• Exhibit 120: Celme Srl - Overview
• Exhibit 121: Celme Srl - Product / Service
• Exhibit 122: Celme Srl - Key offerings

• 12.6 CG Power and Industrial Solutions Ltd.
• Exhibit 123: CG Power and Industrial Solutions Ltd. - Overview
• Exhibit 124: CG Power and Industrial Solutions Ltd. - Business segments
• Exhibit 125: CG Power and Industrial Solutions Ltd. - Key offerings
• Exhibit 126: CG Power and Industrial Solutions Ltd. - Segment focus

• 12.7 China XD Group 
• Exhibit 127: China XD Group - Overview
• Exhibit 128: China XD Group - Product / Service
• Exhibit 129: China XD Group - Key offerings

• 12.8 Eaton Corp. Plc 
• Exhibit 130: Eaton Corp. Plc - Overview
• Exhibit 131: Eaton Corp. Plc - Business segments
• Exhibit 132: Eaton Corp. Plc - Key news
• Exhibit 133: Eaton Corp. Plc - Key offerings
• Exhibit 134: Eaton Corp. Plc - Segment focus

• 12.9 EL Sewedy Electric Co. 
• Exhibit 135: EL Sewedy Electric Co. - Overview
• Exhibit 136: EL Sewedy Electric Co. - Product / Service
• Exhibit 137: EL Sewedy Electric Co. - Key offerings

• 12.10 General Electric Co. 
• Exhibit 138: General Electric Co. - Overview
• Exhibit 139: General Electric Co. - Business segments
• Exhibit 140: General Electric Co. - Key news
• Exhibit 141: General Electric Co. - Key offerings
• Exhibit 142: General Electric Co. - Segment focus

• 12.11 Hitachi Ltd. 
• Exhibit 143: Hitachi Ltd. - Overview
• Exhibit 144: Hitachi Ltd. - Business segments
• Exhibit 145: Hitachi Ltd. - Key news
• Exhibit 146: Hitachi Ltd. - Key offerings
• Exhibit 147: Hitachi Ltd. - Segment focus

• 12.12 IMEFY GROUP 
• Exhibit 148: IMEFY GROUP - Overview
• Exhibit 149: IMEFY GROUP - Product / Service
• Exhibit 150: IMEFY GROUP - Key offerings

• 12.13 MGM Transformer Co. 
• Exhibit 151: MGM Transformer Co. - Overview
• Exhibit 152: MGM Transformer Co. - Product / Service
• Exhibit 153: MGM Transformer Co. - Key offerings

• 12.14 Schneider Electric SE 
• Exhibit 154: Schneider Electric SE - Overview
• Exhibit 155: Schneider Electric SE - Business segments
• Exhibit 156: Schneider Electric SE - Key news
• Exhibit 157: Schneider Electric SE - Key offerings
• Exhibit 158: Schneider Electric SE - Segment focus

• 12.15 Siemens AG 
• Exhibit 159: Siemens AG - Overview
• Exhibit 160: Siemens AG - Business segments
• Exhibit 161: Siemens AG - Key news
• Exhibit 162: Siemens AG - Key offerings
• Exhibit 163: Siemens AG - Segment focus

• 12.16 Toshiba Corp. 
• Exhibit 164: Toshiba Corp. - Overview
• Exhibit 165: Toshiba Corp. - Business segments
• Exhibit 166: Toshiba Corp. - Key offerings
• Exhibit 167: Toshiba Corp. - Segment focus

• 12.17 Vantran Transformers 
• Exhibit 168: Vantran Transformers - Overview
• Exhibit 169: Vantran Transformers - Product / Service
• Exhibit 170: Vantran Transformers - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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