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Converter Transformer-Global Market Insights and Sales Trends 2024
Synopsis
In all fields of electrical engineering, power conversion is the process of converting electric energy from one form to another. A power converter is an electrical or electro-mechanical device for converting electrical energy. A power converter can convert alternating current (AC) into direct current (DC) and vice versa; change the voltage or frequency of the current or do some combination of these.
The global Converter Transformer market size is expected to reach US$ 2866 million by 2029, growing at a CAGR of 10.3% from 2023 to 2029. The market is mainly driven by the significant applications of Converter Transformer in various end use industries. The expanding demands from the Windfarms, Oil & Gas and Grid Connections,, are propelling Converter Transformer market. Monopolar, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Back-To-Back segment is estimated at % CAGR for the next seven-year period.
The converter transformer is one of the most important components in an HVDC converter station. Converter transformer plays a vital role in terms of total cost of an HVDC converter station, as it affects the performance of the entire connected electric power system. A converter transformer is used to step-up the voltage of the AC supply network. It acts as an interface between the AC system and the thyristor valves in HVDC systems. A major advantage of an Converter transformer is that, it acts as a galvanic barrier between the AC and DC system to prevent the DC potential to enter the AC systems. It also transforms voltage between the AC supply and the HVDC system.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Converter Transformer, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Converter Transformer market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Converter Transformer market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Converter Transformer sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Converter Transformer covered in this report include ABB Ltd., General Electric, Tebian Electric Apparatus Stock Company Ltd., Siemens AG, Crompton Greaves Ltd., Bharat Heavy Electricals Limited, Toshiba, Kirloskar Electric Company Limited and Shadong Power Equipment Company Limited, etc.
The global Converter Transformer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB Ltd.
General Electric
Tebian Electric Apparatus Stock Company Ltd.
Siemens AG
Crompton Greaves Ltd.
Bharat Heavy Electricals Limited
Toshiba
Kirloskar Electric Company Limited
Shadong Power Equipment Company Limited
XIAN XD Transformer Co. Ltd
Global Converter Transformer market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Converter Transformer market, Segment by Type:
Monopolar
Back-To-Back
Bipolar
Multi-Terminal
Global Converter Transformer market, by Application
Windfarms
Oil & Gas
Grid Connections
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Converter Transformer manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Converter Transformer in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
In all fields of electrical engineering, power conversion is the process of converting electric energy from one form to another. A power converter is an electrical or electro-mechanical device for converting electrical energy. A power converter can convert alternating current (AC) into direct current (DC) and vice versa; change the voltage or frequency of the current or do some combination of these.
The global Converter Transformer market size is expected to reach US$ 2866 million by 2029, growing at a CAGR of 10.3% from 2023 to 2029. The market is mainly driven by the significant applications of Converter Transformer in various end use industries. The expanding demands from the Windfarms, Oil & Gas and Grid Connections,, are propelling Converter Transformer market. Monopolar, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Back-To-Back segment is estimated at % CAGR for the next seven-year period.
The converter transformer is one of the most important components in an HVDC converter station. Converter transformer plays a vital role in terms of total cost of an HVDC converter station, as it affects the performance of the entire connected electric power system. A converter transformer is used to step-up the voltage of the AC supply network. It acts as an interface between the AC system and the thyristor valves in HVDC systems. A major advantage of an Converter transformer is that, it acts as a galvanic barrier between the AC and DC system to prevent the DC potential to enter the AC systems. It also transforms voltage between the AC supply and the HVDC system.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Converter Transformer, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Converter Transformer market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Converter Transformer market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Converter Transformer sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Converter Transformer covered in this report include ABB Ltd., General Electric, Tebian Electric Apparatus Stock Company Ltd., Siemens AG, Crompton Greaves Ltd., Bharat Heavy Electricals Limited, Toshiba, Kirloskar Electric Company Limited and Shadong Power Equipment Company Limited, etc.
The global Converter Transformer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB Ltd.
General Electric
Tebian Electric Apparatus Stock Company Ltd.
Siemens AG
Crompton Greaves Ltd.
Bharat Heavy Electricals Limited
Toshiba
Kirloskar Electric Company Limited
Shadong Power Equipment Company Limited
XIAN XD Transformer Co. Ltd
Global Converter Transformer market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Converter Transformer market, Segment by Type:
Monopolar
Back-To-Back
Bipolar
Multi-Terminal
Global Converter Transformer market, by Application
Windfarms
Oil & Gas
Grid Connections
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Converter Transformer manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Converter Transformer in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Converter Transformer Market Overview
1.1 Converter Transformer Product Overview
1.2 Converter Transformer Market Segment by Type
1.2.1 Monopolar
1.2.2 Back-To-Back
1.2.3 Bipolar
1.2.4 Multi-Terminal
1.3 Global Converter Transformer Market Size by Type
1.3.1 Global Converter Transformer Market Size Overview by Type (2018-2029)
1.3.2 Global Converter Transformer Historic Market Size Review by Type (2018-2023)
1.3.3 Global Converter Transformer Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Converter Transformer Sales Breakdown by Type (2018-2023)
1.4.2 Europe Converter Transformer Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Converter Transformer Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Converter Transformer Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Converter Transformer Sales Breakdown by Type (2018-2023)
2 Global Converter Transformer Market Competition by Company
2.1 Global Top Players by Converter Transformer Sales (2018-2023)
2.2 Global Top Players by Converter Transformer Revenue (2018-2023)
2.3 Global Top Players by Converter Transformer Price (2018-2023)
2.4 Global Top Manufacturers Converter Transformer Manufacturing Base Distribution, Sales Area, Product Type
2.5 Converter Transformer Market Competitive Situation and Trends
2.5.1 Converter Transformer Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Converter Transformer Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Converter Transformer as of 2022)
2.7 Date of Key Manufacturers Enter into Converter Transformer Market
2.8 Key Manufacturers Converter Transformer Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Converter Transformer Status and Outlook by Region
3.1 Global Converter Transformer Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Converter Transformer Historic Market Size by Region
3.2.1 Global Converter Transformer Sales in Volume by Region (2018-2023)
3.2.2 Global Converter Transformer Sales in Value by Region (2018-2023)
3.2.3 Global Converter Transformer Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Converter Transformer Forecasted Market Size by Region
3.3.1 Global Converter Transformer Sales in Volume by Region (2024-2029)
3.3.2 Global Converter Transformer Sales in Value by Region (2024-2029)
3.3.3 Global Converter Transformer Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Converter Transformer by Application
4.1 Converter Transformer Market Segment by Application
4.1.1 Windfarms
4.1.2 Oil & Gas
4.1.3 Grid Connections
4.2 Global Converter Transformer Market Size by Application
4.2.1 Global Converter Transformer Market Size Overview by Application (2018-2029)
4.2.2 Global Converter Transformer Historic Market Size Review by Application (2018-2023)
4.2.3 Global Converter Transformer Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Converter Transformer Sales Breakdown by Application (2018-2023)
4.3.2 Europe Converter Transformer Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Converter Transformer Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Converter Transformer Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Converter Transformer Sales Breakdown by Application (2018-2023)
5 North America Converter Transformer by Country
5.1 North America Converter Transformer Historic Market Size by Country
5.1.1 North America Converter Transformer Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Converter Transformer Sales in Volume by Country (2018-2023)
5.1.3 North America Converter Transformer Sales in Value by Country (2018-2023)
5.2 North America Converter Transformer Forecasted Market Size by Country
5.2.1 North America Converter Transformer Sales in Volume by Country (2024-2029)
5.2.2 North America Converter Transformer Sales in Value by Country (2024-2029)
6 Europe Converter Transformer by Country
6.1 Europe Converter Transformer Historic Market Size by Country
6.1.1 Europe Converter Transformer Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Converter Transformer Sales in Volume by Country (2018-2023)
6.1.3 Europe Converter Transformer Sales in Value by Country (2018-2023)
6.2 Europe Converter Transformer Forecasted Market Size by Country
6.2.1 Europe Converter Transformer Sales in Volume by Country (2024-2029)
6.2.2 Europe Converter Transformer Sales in Value by Country (2024-2029)
7 Asia-Pacific Converter Transformer by Region
7.1 Asia-Pacific Converter Transformer Historic Market Size by Region
7.1.1 Asia-Pacific Converter Transformer Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Converter Transformer Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Converter Transformer Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Converter Transformer Forecasted Market Size by Region
7.2.1 Asia-Pacific Converter Transformer Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Converter Transformer Sales in Value by Region (2024-2029)
8 Latin America Converter Transformer by Country
8.1 Latin America Converter Transformer Historic Market Size by Country
8.1.1 Latin America Converter Transformer Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Converter Transformer Sales in Volume by Country (2018-2023)
8.1.3 Latin America Converter Transformer Sales in Value by Country (2018-2023)
8.2 Latin America Converter Transformer Forecasted Market Size by Country
8.2.1 Latin America Converter Transformer Sales in Volume by Country (2024-2029)
8.2.2 Latin America Converter Transformer Sales in Value by Country (2024-2029)
9 Middle East and Africa Converter Transformer by Country
9.1 Middle East and Africa Converter Transformer Historic Market Size by Country
9.1.1 Middle East and Africa Converter Transformer Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Converter Transformer Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Converter Transformer Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Converter Transformer Forecasted Market Size by Country
9.2.1 Middle East and Africa Converter Transformer Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Converter Transformer Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB Ltd.
10.1.1 ABB Ltd. Company Information
10.1.2 ABB Ltd. Introduction and Business Overview
10.1.3 ABB Ltd. Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Ltd. Converter Transformer Products Offered
10.1.5 ABB Ltd. Recent Development
10.2 General Electric
10.2.1 General Electric Company Information
10.2.2 General Electric Introduction and Business Overview
10.2.3 General Electric Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.2.4 General Electric Converter Transformer Products Offered
10.2.5 General Electric Recent Development
10.3 Tebian Electric Apparatus Stock Company Ltd.
10.3.1 Tebian Electric Apparatus Stock Company Ltd. Company Information
10.3.2 Tebian Electric Apparatus Stock Company Ltd. Introduction and Business Overview
10.3.3 Tebian Electric Apparatus Stock Company Ltd. Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Tebian Electric Apparatus Stock Company Ltd. Converter Transformer Products Offered
10.3.5 Tebian Electric Apparatus Stock Company Ltd. Recent Development
10.4 Siemens AG
10.4.1 Siemens AG Company Information
10.4.2 Siemens AG Introduction and Business Overview
10.4.3 Siemens AG Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Siemens AG Converter Transformer Products Offered
10.4.5 Siemens AG Recent Development
10.5 Crompton Greaves Ltd.
10.5.1 Crompton Greaves Ltd. Company Information
10.5.2 Crompton Greaves Ltd. Introduction and Business Overview
10.5.3 Crompton Greaves Ltd. Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Crompton Greaves Ltd. Converter Transformer Products Offered
10.5.5 Crompton Greaves Ltd. Recent Development
10.6 Bharat Heavy Electricals Limited
10.6.1 Bharat Heavy Electricals Limited Company Information
10.6.2 Bharat Heavy Electricals Limited Introduction and Business Overview
10.6.3 Bharat Heavy Electricals Limited Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Bharat Heavy Electricals Limited Converter Transformer Products Offered
10.6.5 Bharat Heavy Electricals Limited Recent Development
10.7 Toshiba
10.7.1 Toshiba Company Information
10.7.2 Toshiba Introduction and Business Overview
10.7.3 Toshiba Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Toshiba Converter Transformer Products Offered
10.7.5 Toshiba Recent Development
10.8 Kirloskar Electric Company Limited
10.8.1 Kirloskar Electric Company Limited Company Information
10.8.2 Kirloskar Electric Company Limited Introduction and Business Overview
10.8.3 Kirloskar Electric Company Limited Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Kirloskar Electric Company Limited Converter Transformer Products Offered
10.8.5 Kirloskar Electric Company Limited Recent Development
10.9 Shadong Power Equipment Company Limited
10.9.1 Shadong Power Equipment Company Limited Company Information
10.9.2 Shadong Power Equipment Company Limited Introduction and Business Overview
10.9.3 Shadong Power Equipment Company Limited Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Shadong Power Equipment Company Limited Converter Transformer Products Offered
10.9.5 Shadong Power Equipment Company Limited Recent Development
10.10 XIAN XD Transformer Co. Ltd
10.10.1 XIAN XD Transformer Co. Ltd Company Information
10.10.2 XIAN XD Transformer Co. Ltd Introduction and Business Overview
10.10.3 XIAN XD Transformer Co. Ltd Converter Transformer Sales, Revenue and Gross Margin (2018-2023)
10.10.4 XIAN XD Transformer Co. Ltd Converter Transformer Products Offered
10.10.5 XIAN XD Transformer Co. Ltd Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Converter Transformer Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Converter Transformer Industrial Chain Analysis
11.4 Converter Transformer Market Dynamics
11.4.1 Converter Transformer Industry Trends
11.4.2 Converter Transformer Market Drivers
11.4.3 Converter Transformer Market Challenges
11.4.4 Converter Transformer Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Converter Transformer Distributors
12.3 Converter Transformer Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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