The Latin America, Middle East and Africa Converter Transformer Market would witness market growth of 15.5% CAGR during the forecast period (2022-2028).
High flux is used in converter transformers. The converter's four steps per cycle produce greater acoustic noise than standard three-phase power transformers. When deciding where to locate an HVDC converter station, this effect should be considered. Enclosures that reduce noise can be used.
Three-phase, two-winding, single-phase, three-winding, and single-phase, two-winding converter transformers are all possible configurations. The windings on the valve side are connected in a star and delta pattern, with the neutral point left unground. The transformers are linked in parallel with the neutrality grounded on the ac side. To restrict short-circuit currents via any valve, the transformer's leakage impedance is typically set between 15 and 18 percent.
The rapid development in the power electronic sector would open up new growth opportunities for the Global Converter Transformer market. The converter transformer market is expected to increase in tandem with the increasing adoption of renewable energy-producing projects. Growing trends in the power sector toward the adoption of renewable energy production have prompted many countries to progressively invest in renewable energy projects, and these unique transformers assist them in enhancing their unconventional power generation capacities.
Throughout the year, the best orientation (azimuth) for fixed solar panels in Dubai is South (0° S), with an inclination (tilt) of roughly 24° relative to the horizontal plane. This enables an annual irradiation rate of roughly 2000-2100 kWh/m2yr on a horizontal plane. When both direct and dispersed radiation is considered, this equates to around 1500-1800 kWh/yr per kWp implemented in Dubai. Small adjustments in these variables have no discernible impact on productivity. Maintaining a South direction and adjusting the tilt from 5° to 40°, for example, can result in a 5 percent energy decrease. By altering the orientation of Pv panels from -60° to +60°, it is also able to remain below a 5% loss. If the slant is kept at 24 degrees, any shadows on the Pv panels must be avoided at all costs, since this will result in a significant reduction in system performance.
As opposed to solar thermal collectors, every shade cast on a PV array reduces the amount of energy produced significantly. Furthermore, partial shading on PV modules creates pressure on shadowed PV cells, which can lead to local temperature escalation (hotspots) and affect the lifespan and safety of these components, especially in the UAE, where the beam portion of solar radiation is high.
The Brazil market dominated the LAMEA Converter Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $84.1 Million by 2028. The Argentina market is anticipated to grow at a CAGR of 16.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 15.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Converter Transformer Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Converter Transformer Market, by Application
1.4.2 LAMEA Converter Transformer Market, by Type
1.4.3 LAMEA 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. LAMEA Converter Transformer Market by Application
3.1 LAMEA Grid Connections Market by Country
3.2 LAMEA Wind Farms Market by Country
3.3 LAMEA Oil & Gas Market by Country
Chapter 4. LAMEA Converter Transformer Market by Type
4.1 LAMEA 401-600 Kv Market by Country
4.2 LAMEA 201-400 Kv Market by Country
4.3 LAMEA 601-800 Kv Market by Country
Chapter 5. LAMEA Converter Transformer Market by Country
5.1 Brazil Converter Transformer Market
5.1.1 Brazil Converter Transformer Market by Application
5.1.2 Brazil Converter Transformer Market by Type
5.2 Argentina Converter Transformer Market
5.2.1 Argentina Converter Transformer Market by Application
5.2.2 Argentina Converter Transformer Market by Type
5.3 UAE Converter Transformer Market
5.3.1 UAE Converter Transformer Market by Application
5.3.2 UAE Converter Transformer Market by Type
5.4 Saudi Arabia Converter Transformer Market
5.4.1 Saudi Arabia Converter Transformer Market by Application
5.4.2 Saudi Arabia Converter Transformer Market by Type
5.5 South Africa Converter Transformer Market
5.5.1 South Africa Converter Transformer Market by Application
5.5.2 South Africa Converter Transformer Market by Type
5.6 Nigeria Converter Transformer Market
5.6.1 Nigeria Converter Transformer Market by Application
5.6.2 Nigeria Converter Transformer Market by Type
5.7 Rest of LAMEA Converter Transformer Market
5.7.1 Rest of LAMEA Converter Transformer Market by Application
5.7.2 Rest of LAMEA 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 LAMEA Converter Transformer Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Converter Transformer Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Grid Connections Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Grid Connections Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Wind Farms Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Wind Farms Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 12 LAMEA Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 13 LAMEA 401-600 Kv Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA 401-600 Kv Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA 201-400 Kv Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA 201-400 Kv Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA 601-800 Kv Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA 601-800 Kv Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Converter Transformer Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Converter Transformer Market by Country, 2022 - 2028, USD Million
TABLE 21 Brazil Converter Transformer Market, 2018 - 2021, USD Million
TABLE 22 Brazil Converter Transformer Market, 2022 - 2028, USD Million
TABLE 23 Brazil Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 24 Brazil Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 25 Brazil Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 26 Brazil Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 27 Argentina Converter Transformer Market, 2018 - 2021, USD Million
TABLE 28 Argentina Converter Transformer Market, 2022 - 2028, USD Million
TABLE 29 Argentina Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 30 Argentina Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 31 Argentina Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 32 Argentina Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 33 UAE Converter Transformer Market, 2018 - 2021, USD Million
TABLE 34 UAE Converter Transformer Market, 2022 - 2028, USD Million
TABLE 35 UAE Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 36 UAE Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 37 UAE Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 38 UAE Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 39 Saudi Arabia Converter Transformer Market, 2018 - 2021, USD Million
TABLE 40 Saudi Arabia Converter Transformer Market, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 45 South Africa Converter Transformer Market, 2018 - 2021, USD Million
TABLE 46 South Africa Converter Transformer Market, 2022 - 2028, USD Million
TABLE 47 South Africa Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 48 South Africa Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 49 South Africa Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 50 South Africa Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 51 Nigeria Converter Transformer Market, 2018 - 2021, USD Million
TABLE 52 Nigeria Converter Transformer Market, 2022 - 2028, USD Million
TABLE 53 Nigeria Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 54 Nigeria Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 55 Nigeria Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 56 Nigeria Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 57 Rest of LAMEA Converter Transformer Market, 2018 - 2021, USD Million
TABLE 58 Rest of LAMEA Converter Transformer Market, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 61 Rest of LAMEA Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 62 Rest of LAMEA 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