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Phase-Shifting Transformers-Global Market Insights and Sales Trends 2025
Synopsis
A phase-shifting transformer is a device for controlling the power flow through specific lines in a complex power transmission network. The basic function of a phase-shifting transformer is to change the effective phase displacement between the input voltage and the output voltage of a transmission line, thus controlling the amount of active power that can flow in the line.
Phase shifting transformers (PST) are crucial components in the ongoing strive for improved AC network efficiency. Increasing amounts of transmitted energy push the networks to the limit, increasing the risk of network instability.
PSTs allow controlling the power flow in the transmission grid independently of the generation. By avoiding system overloads and instabilities protect transmission lines and HV equipment from thermal overload, improve transmission system stability and control the power flow between different networks, for parallel long distance overhead lines or for parallel cables.
PSTs are highly specialized pieces of equipment that require leading- edge design and manufacturing skills combined with stringent quality control. They are highly complex power transformers, with more windings and tap changers than traditional power transformers and a large number of connections between the three-phases.
The global Phase-Shifting Transformers market size is expected to reach US$ 125.3 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of Phase-Shifting Transformers in various end use industries. The expanding demands from the Power, Industrial, Medical and Others, are propelling Phase-Shifting Transformers market. Single Core Type, 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 Two Core Type segment is estimated at % CAGR for the next seven-year period.
The main players in Phase Shifting Transformer market are Siemens, ABB, Tamini, Baoding Tianwei Baobian Electric and a few others. The top 3 are Siemens, ABB, Tamini with 93% market shares. Europe is the largest consumption place, with about 95% market shares.
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 Phase-Shifting Transformers, 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 Phase-Shifting Transformers 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 Phase-Shifting Transformers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Phase-Shifting Transformers 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 Phase-Shifting Transformers covered in this report include ABB, GE, Siemens, SGB-SMIT, Tamini and Nix Electric Company, etc.
The global Phase-Shifting Transformers 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
GE
Siemens
SGB-SMIT
Tamini
Nix Electric Company
Global Phase-Shifting Transformers 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 Phase-Shifting Transformers market, Segment by Type:
Single Core Type
Two Core Type
Global Phase-Shifting Transformers market, by Application
Power
Industrial
Medical
Others
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 Phase-Shifting Transformers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Phase-Shifting Transformers 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.
A phase-shifting transformer is a device for controlling the power flow through specific lines in a complex power transmission network. The basic function of a phase-shifting transformer is to change the effective phase displacement between the input voltage and the output voltage of a transmission line, thus controlling the amount of active power that can flow in the line.
Phase shifting transformers (PST) are crucial components in the ongoing strive for improved AC network efficiency. Increasing amounts of transmitted energy push the networks to the limit, increasing the risk of network instability.
PSTs allow controlling the power flow in the transmission grid independently of the generation. By avoiding system overloads and instabilities protect transmission lines and HV equipment from thermal overload, improve transmission system stability and control the power flow between different networks, for parallel long distance overhead lines or for parallel cables.
PSTs are highly specialized pieces of equipment that require leading- edge design and manufacturing skills combined with stringent quality control. They are highly complex power transformers, with more windings and tap changers than traditional power transformers and a large number of connections between the three-phases.
The global Phase-Shifting Transformers market size is expected to reach US$ 125.3 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of Phase-Shifting Transformers in various end use industries. The expanding demands from the Power, Industrial, Medical and Others, are propelling Phase-Shifting Transformers market. Single Core Type, 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 Two Core Type segment is estimated at % CAGR for the next seven-year period.
The main players in Phase Shifting Transformer market are Siemens, ABB, Tamini, Baoding Tianwei Baobian Electric and a few others. The top 3 are Siemens, ABB, Tamini with 93% market shares. Europe is the largest consumption place, with about 95% market shares.
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 Phase-Shifting Transformers, 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 Phase-Shifting Transformers 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 Phase-Shifting Transformers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Phase-Shifting Transformers 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 Phase-Shifting Transformers covered in this report include ABB, GE, Siemens, SGB-SMIT, Tamini and Nix Electric Company, etc.
The global Phase-Shifting Transformers 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
GE
Siemens
SGB-SMIT
Tamini
Nix Electric Company
Global Phase-Shifting Transformers 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 Phase-Shifting Transformers market, Segment by Type:
Single Core Type
Two Core Type
Global Phase-Shifting Transformers market, by Application
Power
Industrial
Medical
Others
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 Phase-Shifting Transformers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Phase-Shifting Transformers 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 Phase-Shifting Transformers Market Overview
1.1 Phase-Shifting Transformers Product Overview
1.2 Phase-Shifting Transformers Market Segment by Type
1.2.1 Single Core Type
1.2.2 Two Core Type
1.3 Global Phase-Shifting Transformers Market Size by Type
1.3.1 Global Phase-Shifting Transformers Market Size Overview by Type (2018-2029)
1.3.2 Global Phase-Shifting Transformers Historic Market Size Review by Type (2018-2023)
1.3.3 Global Phase-Shifting Transformers Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Phase-Shifting Transformers Sales Breakdown by Type (2018-2023)
1.4.2 Europe Phase-Shifting Transformers Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Phase-Shifting Transformers Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Phase-Shifting Transformers Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Phase-Shifting Transformers Sales Breakdown by Type (2018-2023)
2 Global Phase-Shifting Transformers Market Competition by Company
2.1 Global Top Players by Phase-Shifting Transformers Sales (2018-2023)
2.2 Global Top Players by Phase-Shifting Transformers Revenue (2018-2023)
2.3 Global Top Players by Phase-Shifting Transformers Price (2018-2023)
2.4 Global Top Manufacturers Phase-Shifting Transformers Manufacturing Base Distribution, Sales Area, Product Type
2.5 Phase-Shifting Transformers Market Competitive Situation and Trends
2.5.1 Phase-Shifting Transformers Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Phase-Shifting Transformers 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 Phase-Shifting Transformers as of 2022)
2.7 Date of Key Manufacturers Enter into Phase-Shifting Transformers Market
2.8 Key Manufacturers Phase-Shifting Transformers Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Phase-Shifting Transformers Status and Outlook by Region
3.1 Global Phase-Shifting Transformers Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Phase-Shifting Transformers Historic Market Size by Region
3.2.1 Global Phase-Shifting Transformers Sales in Volume by Region (2018-2023)
3.2.2 Global Phase-Shifting Transformers Sales in Value by Region (2018-2023)
3.2.3 Global Phase-Shifting Transformers Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Phase-Shifting Transformers Forecasted Market Size by Region
3.3.1 Global Phase-Shifting Transformers Sales in Volume by Region (2024-2029)
3.3.2 Global Phase-Shifting Transformers Sales in Value by Region (2024-2029)
3.3.3 Global Phase-Shifting Transformers Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Phase-Shifting Transformers by Application
4.1 Phase-Shifting Transformers Market Segment by Application
4.1.1 Power
4.1.2 Industrial
4.1.3 Medical
4.1.4 Others
4.2 Global Phase-Shifting Transformers Market Size by Application
4.2.1 Global Phase-Shifting Transformers Market Size Overview by Application (2018-2029)
4.2.2 Global Phase-Shifting Transformers Historic Market Size Review by Application (2018-2023)
4.2.3 Global Phase-Shifting Transformers Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Phase-Shifting Transformers Sales Breakdown by Application (2018-2023)
4.3.2 Europe Phase-Shifting Transformers Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Phase-Shifting Transformers Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Phase-Shifting Transformers Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Phase-Shifting Transformers Sales Breakdown by Application (2018-2023)
5 North America Phase-Shifting Transformers by Country
5.1 North America Phase-Shifting Transformers Historic Market Size by Country
5.1.1 North America Phase-Shifting Transformers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Phase-Shifting Transformers Sales in Volume by Country (2018-2023)
5.1.3 North America Phase-Shifting Transformers Sales in Value by Country (2018-2023)
5.2 North America Phase-Shifting Transformers Forecasted Market Size by Country
5.2.1 North America Phase-Shifting Transformers Sales in Volume by Country (2024-2029)
5.2.2 North America Phase-Shifting Transformers Sales in Value by Country (2024-2029)
6 Europe Phase-Shifting Transformers by Country
6.1 Europe Phase-Shifting Transformers Historic Market Size by Country
6.1.1 Europe Phase-Shifting Transformers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Phase-Shifting Transformers Sales in Volume by Country (2018-2023)
6.1.3 Europe Phase-Shifting Transformers Sales in Value by Country (2018-2023)
6.2 Europe Phase-Shifting Transformers Forecasted Market Size by Country
6.2.1 Europe Phase-Shifting Transformers Sales in Volume by Country (2024-2029)
6.2.2 Europe Phase-Shifting Transformers Sales in Value by Country (2024-2029)
7 Asia-Pacific Phase-Shifting Transformers by Region
7.1 Asia-Pacific Phase-Shifting Transformers Historic Market Size by Region
7.1.1 Asia-Pacific Phase-Shifting Transformers Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Phase-Shifting Transformers Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Phase-Shifting Transformers Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Phase-Shifting Transformers Forecasted Market Size by Region
7.2.1 Asia-Pacific Phase-Shifting Transformers Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Phase-Shifting Transformers Sales in Value by Region (2024-2029)
8 Latin America Phase-Shifting Transformers by Country
8.1 Latin America Phase-Shifting Transformers Historic Market Size by Country
8.1.1 Latin America Phase-Shifting Transformers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Phase-Shifting Transformers Sales in Volume by Country (2018-2023)
8.1.3 Latin America Phase-Shifting Transformers Sales in Value by Country (2018-2023)
8.2 Latin America Phase-Shifting Transformers Forecasted Market Size by Country
8.2.1 Latin America Phase-Shifting Transformers Sales in Volume by Country (2024-2029)
8.2.2 Latin America Phase-Shifting Transformers Sales in Value by Country (2024-2029)
9 Middle East and Africa Phase-Shifting Transformers by Country
9.1 Middle East and Africa Phase-Shifting Transformers Historic Market Size by Country
9.1.1 Middle East and Africa Phase-Shifting Transformers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Phase-Shifting Transformers Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Phase-Shifting Transformers Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Phase-Shifting Transformers Forecasted Market Size by Country
9.2.1 Middle East and Africa Phase-Shifting Transformers Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Phase-Shifting Transformers Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Phase-Shifting Transformers Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Phase-Shifting Transformers Products Offered
10.1.5 ABB Recent Development
10.2 GE
10.2.1 GE Company Information
10.2.2 GE Introduction and Business Overview
10.2.3 GE Phase-Shifting Transformers Sales, Revenue and Gross Margin (2018-2023)
10.2.4 GE Phase-Shifting Transformers Products Offered
10.2.5 GE Recent Development
10.3 Siemens
10.3.1 Siemens Company Information
10.3.2 Siemens Introduction and Business Overview
10.3.3 Siemens Phase-Shifting Transformers Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Siemens Phase-Shifting Transformers Products Offered
10.3.5 Siemens Recent Development
10.4 SGB-SMIT
10.4.1 SGB-SMIT Company Information
10.4.2 SGB-SMIT Introduction and Business Overview
10.4.3 SGB-SMIT Phase-Shifting Transformers Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SGB-SMIT Phase-Shifting Transformers Products Offered
10.4.5 SGB-SMIT Recent Development
10.5 Tamini
10.5.1 Tamini Company Information
10.5.2 Tamini Introduction and Business Overview
10.5.3 Tamini Phase-Shifting Transformers Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Tamini Phase-Shifting Transformers Products Offered
10.5.5 Tamini Recent Development
10.6 Nix Electric Company
10.6.1 Nix Electric Company Company Information
10.6.2 Nix Electric Company Introduction and Business Overview
10.6.3 Nix Electric Company Phase-Shifting Transformers Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Nix Electric Company Phase-Shifting Transformers Products Offered
10.6.5 Nix Electric Company Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Phase-Shifting Transformers 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 Phase-Shifting Transformers Industrial Chain Analysis
11.4 Phase-Shifting Transformers Market Dynamics
11.4.1 Phase-Shifting Transformers Industry Trends
11.4.2 Phase-Shifting Transformers Market Drivers
11.4.3 Phase-Shifting Transformers Market Challenges
11.4.4 Phase-Shifting Transformers Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Phase-Shifting Transformers Distributors
12.3 Phase-Shifting Transformers 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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