In an increasingly complex power-generation landscape and a growing energy market, the capability to control the flow of power is fast gaining in crucial importance. This is the area, where phase-shifting transformers (PST) excel. Grid operators use this capability to increase the transmission capacity of the network, while minimizing expensive grid expansions. These transformers protect lines, make grids more reliable, and reduce transmission losses. And they are among the most economic and cost-efficient solutions for power-flow management out there.
With growing need from power grids worldwide, orders are growing year by year. The main players in Phase Shifting Transformer market are Siemens, ABB, Tamini, Baoding Tianwei Baobian Electric and a few others. They attracted most of the orders, either for domestic or out abroad requirements.
Phase Shifting Transformers can be Single-Core or Two-Core, Single tank or Two tank, Symmetrical or Non-symmetrical, 90° regulation or 60° regulation design, based on different parameters. The most common types are: Two-core design in symmetric or asymmetric configuration and Single-core design in symmetric or asymmetric configuration. Both of them allow a possible addition of an in-phase voltage regulation, to compensate the net voltage fluctuation or to combine in-phase and quadrature regulation. Phase-shifting transformers are highly complex units. To meet the unique needs of each specific customer, phase shifters are often custom-designed and manufactured to specification.
The growth of the Phase Shifting Transformer (PST) market is likely to be driven by developing economies such as India, Brazil, and Saudi Arabia, with upcoming long-distance transmission network projects. However, the market in certain developed countries such as the US, Japan, and Australia is expected to decline in the long term future, thereby restricting the scope of future market growth in these countries.
The worldwide market for Phase Shifting Transformers is expected to grow at a CAGR of roughly 6.8% over the next five years, will reach 100 million US$ in 2024, from 73 million US$ in 2019.
Global Phase Shifting Transformers Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Phase Shifting Transformers Industry report also provides essential attributes associated with Phase Shifting Transformers market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Phase Shifting Transformers Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Phase Shifting Transformers business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Phase Shifting Transformers market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Baoding Tianwei Baobian Electric
Market Segment by Type, covers:
Below 400 M VA
400 MVA-800 MVA
Over 800 MVA
Market Segment by Applications, can be divided into:
re-distribute power in parallel lines (both ends are at same voltage level)
direct power from one voltage level to another (auto-transformer + PST)
The prospective of this Phase Shifting Transformers industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Phase Shifting Transformers present market share and future prospects of the segment in terms of has also been explored in this report.
Global Phase Shifting Transformers market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Phase Shifting Transformers report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the Phase Shifting Transformers Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.