The Europe Converter Transformer Market would witness market growth of 13.0% CAGR during the forecast period (2022-2028).
Increased demand for renewable energy sources, increased usage of traction locomotives and electric cars, and significant expenditures on smart grids and energy systems are driving the international converter transformer market. In addition, new renewable energy sources for power generation, such as tidal energy, have bolstered R&D activity in the generation of power distribution networks, accelerating market growth.
HVDC (high-voltage direct current) is a cost-effective way to transfer huge quantities of power over long distances and for unique uses. HVDC is defining the grid of the future as a crucial facilitator in the future power system based on renewables.
At DECC's request, National Grid conducted a feasibility study to assist the UK Offshore Energy Strategic Environmental Assessment (SEA). The study looks into the influence on the requirement for and cost of adding capacity to the onshore transmission line to connect a total of 25GW of offshore wind generation, in addition to the 8GW already planned. This quantity of offshore wind is required in part to meet the renewable energy target of 2020.
The study has shown that, based on the agreed-upon scenarios that served as the foundation for the studies, the onshore transmission lines system can be implemented to satisfy this level of subsea wind generation while still meeting the renewable power target if the appropriate investment is made promptly. However, a tier of consultation and cooperation would be advantageous if the requisite onshore internet backbone money invested is to be delivered cost-effectively and efficiently with minimal environmental impact, while allowing offshore wind generation to contribute significantly to these goals.
The Germany market dominated the Europe Converter Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $293.1 Million by 2028. The UK market is estimated to grow at a CAGR of 12% during (2022 - 2028). Additionally, The France market would witness a CAGR of 13.8% during (2022 - 2028).
Based on Application, the market is segmented into Grid Connections, Wind Farms, and Oil & Gas. Based on Type, the market is segmented into 401-600 Kv, 201-400 Kv, and 601-800 Kv. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Converter Transformer Market will Hit $4.4 Billion by 2028, at a CAGR of 13.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, General Electric (GE) Co., Toshiba Corporation, Mitsubishi Electric Corporation, Kirloskar Electric Co. Ltd., CG Power & Industrial Solutions Ltd., Bharat Heavy Electricals Ltd., and Xi'an Xidian Transformer Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Grid Connections
- Wind Farms
- Oil & Gas
By Type
- 401-600 Kv
- 201-400 Kv
- 601-800 Kv
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- General Electric (GE) Co.
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Kirloskar Electric Co. Ltd.
- CG Power & Industrial Solutions Ltd.
- Bharat Heavy Electricals Ltd.
- Xi'an Xidian Transformer Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Converter Transformer Market, by Application
1.4.2 Asia Pacific Converter Transformer Market, by Type
1.4.3 Asia Pacific Converter Transformer Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Converter Transformer Market by Application
3.1 Asia Pacific Grid Connections Market by Country
3.2 Asia Pacific Wind Farms Market by Country
3.3 Asia Pacific Oil & Gas Market by Country
Chapter 4. Asia Pacific Converter Transformer Market by Type
4.1 Asia Pacific 401-600 Kv Market by Country
4.2 Asia Pacific 201-400 Kv Market by Country
4.3 Asia Pacific 601-800 Kv Market by Country
Chapter 5. Asia Pacific Converter Transformer Market by Country
5.1 China Converter Transformer Market
5.1.1 China Converter Transformer Market by Application
5.1.2 China Converter Transformer Market by Type
5.2 Japan Converter Transformer Market
5.2.1 Japan Converter Transformer Market by Application
5.2.2 Japan Converter Transformer Market by Type
5.3 India Converter Transformer Market
5.3.1 India Converter Transformer Market by Application
5.3.2 India Converter Transformer Market by Type
5.4 South Korea Converter Transformer Market
5.4.1 South Korea Converter Transformer Market by Application
5.4.2 South Korea Converter Transformer Market by Type
5.5 Singapore Converter Transformer Market
5.5.1 Singapore Converter Transformer Market by Application
5.5.2 Singapore Converter Transformer Market by Type
5.6 Malaysia Converter Transformer Market
5.6.1 Malaysia Converter Transformer Market by Application
5.6.2 Malaysia Converter Transformer Market by Type
5.7 Rest of Asia Pacific Converter Transformer Market
5.7.1 Rest of Asia Pacific Converter Transformer Market by Application
5.7.2 Rest of Asia Pacific Converter Transformer Market by Type
Chapter 6. Company Profiles
6.1 ABB Group
6.1.1 Company Overview
6.1.1 Financial Analysis
6.1.2 Segmental and Regional Analysis
6.1.3 Research & Development Expense
6.1.4 Recent strategies and developments:
6.1.4.1 Partnerships, Collaborations, and Agreements:
6.1.4.2 Acquisition and Mergers:
6.1.5 SWOT Analysis
6.2 Siemens AG
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Product Launches and Product Expansions:
6.2.5.2 Acquisition and Mergers:
6.2.6 SWOT Analysis
6.3 General Electric (GE) Co.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 SWOT Analysis
6.4 Toshiba Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research and Development Expense
6.4.5 SWOT Analysis
6.5 Mitsubishi Electric Corporation
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 SWOT Analysis
6.6 Kirloskar Electric Co. Ltd.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental Analysis
6.7 CG Power & Industrial Solutions Ltd. (Murugappa Group)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.8 Bharat Heavy Electricals Ltd.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental Analysis
6.9 Xi'an Xidian Transformer Co., Ltd.
6.9.1 Company Overview
TABLE 1 Europe Converter Transformer Market, 2018 - 2021, USD Million
TABLE 2 Europe Converter Transformer Market, 2022 - 2028, USD Million
TABLE 3 Europe Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 4 Europe Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 5 Europe Grid Connections Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Grid Connections Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Wind Farms Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Wind Farms Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 12 Europe Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 13 Europe 401-600 Kv Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe 401-600 Kv Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe 201-400 Kv Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe 201-400 Kv Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe 601-800 Kv Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe 601-800 Kv Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Converter Transformer Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Converter Transformer Market by Country, 2022 - 2028, USD Million
TABLE 21 Germany Converter Transformer Market, 2018 - 2021, USD Million
TABLE 22 Germany Converter Transformer Market, 2022 - 2028, USD Million
TABLE 23 Germany Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 24 Germany Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 25 Germany Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 26 Germany Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 27 UK Converter Transformer Market, 2018 - 2021, USD Million
TABLE 28 UK Converter Transformer Market, 2022 - 2028, USD Million
TABLE 29 UK Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 30 UK Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 31 UK Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 32 UK Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 33 France Converter Transformer Market, 2018 - 2021, USD Million
TABLE 34 France Converter Transformer Market, 2022 - 2028, USD Million
TABLE 35 France Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 36 France Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 37 France Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 38 France Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 39 Russia Converter Transformer Market, 2018 - 2021, USD Million
TABLE 40 Russia Converter Transformer Market, 2022 - 2028, USD Million
TABLE 41 Russia Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 42 Russia Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 43 Russia Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 44 Russia Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 45 Spain Converter Transformer Market, 2018 - 2021, USD Million
TABLE 46 Spain Converter Transformer Market, 2022 - 2028, USD Million
TABLE 47 Spain Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 48 Spain Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 49 Spain Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 50 Spain Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 51 Italy Converter Transformer Market, 2018 - 2021, USD Million
TABLE 52 Italy Converter Transformer Market, 2022 - 2028, USD Million
TABLE 53 Italy Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 54 Italy Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 55 Italy Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 56 Italy Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 57 Rest of Europe Converter Transformer Market, 2018 - 2021, USD Million
TABLE 58 Rest of Europe Converter Transformer Market, 2022 - 2028, USD Million
TABLE 59 Rest of Europe Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of Europe Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 61 Rest of Europe Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 62 Rest of Europe Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 63 Key Information – ABB Group
TABLE 64 Key Information – Siemens AG
TABLE 65 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 66 Key Information – Toshiba Corporation
TABLE 67 key information – Mitsubishi Electric Corporation
TABLE 68 Key Information – Kirloskar Electric Co., Ltd.
TABLE 69 Key Information – CG Power & Industrial Solutions Ltd.
TABLE 70 Key information – Bharat Heavy Electricals Ltd.
TABLE 71 Key Information – Xi'an Xidian Transformer Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: ABB Group
FIG 3 Swot analysis: Siemens AG
FIG 4 Swot analysis: General electric (GE) Co.
FIG 5 SWOT Analysis: Toshiba Corporation
FIG 6 SWOT Analysis: Mitsubishi Electric Corporation