Power Transformer Market Analysis

Phase (Single Phase, Three Phase)

In terms of phase, the three-phase segment in power transformer market is anticipated to surpass USD 45.03 billion by the end of 2037. Three-phase transformers have six windings, three for the primary and three for the secondary, connected in either a delta or a triangle configuration. These circuits can be regarded as part of a single-phase converter. Delta and star are the two most common forms of three-phase connections. A delta connection, also known as a mesh connection, consists of three windings connected at the end, forming a closed loop without a neutral point.

End User (Residential & Commercial, Industrial, Utility)

Based on end user, the industrial segment in power transformer market is anticipated to record the highest revenue of USD 32.88 billion during the forecast period. These transformers are mainly used in industrial settings, such as manufacturing plants, refineries, mining operations, and other heavy-duty applications. To be able to withstand the intense operating conditions, heavy construction and insulation are commonly used in industry transformers. Industrial supply voltage in Canada stands at 600 VAC similar to that of the US at 480 VAC on the other hand Europe stands at 400 volts in common industrial voltage. The majority of factories are typically supplied with 480V three-phase power, but stepping down the transformers reduces the voltage to 240 V, 208 or 120 for small devices and appliances.

Our in-depth analysis of the global power transformer market includes the following segments: