Global Semiconductor Transformers Market (2021-2026) – Including Schneider Electric, Siemens and Eaton – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD) – The report “Semiconductor Transformers Market – Forecast 2021 to 2026” has been added to ResearchAndMarkets.com offer.
The Semiconductor Transformers market is valued at US $ 166.897 million for the year 2019 and is expected to grow rapidly during the forecast period.
- Hitachi ABB power grids
- Schneider Electric SE
- Siemens AG
- Mitsubhi Electric Company
- General Electricity Company
- Eaton Company
- Electricity Research and Manufacturing Cooperative, Inc. (ERMCO)
- Alstom SA
- TBEA Co., Ltd
- SPX Transformer Solutions, Inc.
The outbreak of the novel coronavirus disease has had a severe impact on the Semiconductor Transformer market. The growth of the semiconductor transformer market can be largely attributed to the increasing use of electric vehicles and increased investment in renewable sources for power generation. However, due to the lockdown and movement restrictions in countries to curb the spread of the virus, it has severely affected the OSH market, resulting in the unavailability of raw materials for manufacturing electrical equipment. In addition, the transportation and distribution of this equipment has been further affected, leading to supply chain disruptions in the semiconductor transformer market. The semiconductor transformer market has been segmented on the basis of product type, application, and geography. Geographically, the analyzer market is segmented into North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
The medium voltage / low voltage semiconductor transformer segment shows promising growth.
By voltage, the semiconductor transformer market has been classified into high voltage / medium voltage and medium voltage / low voltage. Medium voltage / low voltage is expected to grow at a significant rate during the forecast period. The growth of the Medium Voltage / Low Voltage segment is explained by the growing demand for electric vehicles. The growing demand for electric vehicles is mainly supported by increased government investments in the development of electric vehicle charging infrastructure. Thus, it is estimated that the growing demand for electric vehicles will further complement the growth for the development of electric charging stations. Hence, creating growth opportunities for the MV / LV Semiconductor Transformers market. In addition, the MV / LV segment plays a decisive role in the application of power generation in photovoltaic systems, cogeneration systems and other industrial applications.
Renewable energy production segment to hold a significant market share.
By application, the market classification has been made into power grids, traction locomotives, renewable energy production, charging stations for electric vehicles and others. The segment of renewable energy production can be subdivided into wind, solar and tidal energy. Renewable power generation segment is expected to hold a significant share of the market during the forecast period. The growth can be attributed to the adoption of transformers for power generation using unconventional energy sources such as wind, solar and tidal power. Wind power is a key benefactor of energy generated by alternative energy sources, while the APAC region is a leader in the field. The increasing adoption of these alternative energy sources is expected to drive the growth of the solid state transformer market. In addition, the increasing adoption of smart transformers based on OHS technologies in electric vehicles and renewable energy stations for electric flow controllability and DC connectivity is expected to drive demand during the forecast period.
The Asia-Pacific region will witness lucrative growth opportunities.
Geographically, the global market was divided into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. The North America region is expected to experience notable market growth over the forecast period due to the increasing growth in renewable energy capacities in advanced power grid systems. In addition, increasing investments and technological advancements in power distribution systems are expected to further increase demand in the market. However, the APAC region is expected to dominate the market and experience rapid growth due to the large population residing in countries like China and India, with these two countries accounting for a larger share of the global electricity demand for various applications.
Participation of market players.
Market players are actively participating in the form of increased R&D investments and making collaborative efforts to launch new products in order to expand their market share and meet increasing end-use demands. For example, Hitachi ABB Power Grids recently partnered with NTU Singapore to develop advanced solid state transformer solutions. The project is part of the flagship initiative of the Government of Singapore Energy grid 2.0 and aims to shape the next generation grid system and focuses on how the transformation of energy efficiency can be consolidated into one smart grid.
Main topics covered:
2. Research methodology
3. Executive summary
4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Porters Five Forces Analysis
4.4. Industry value chain analysis
5. Semiconductor Transformers Market Analysis, By Product Type
6. Semiconductor Transformers Market Analysis, By Application
7. Semiconductor Transformers Market Analysis, By Geography
8. Competitive environment and analysis
8.1. Major players and strategic analysis
8.2. Emerging players and market profitability
8.3. Mergers, acquisitions, agreements and collaborations
8.4. Supplier competitiveness matrix
9. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/fnggbe