Global rectifier transformers market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~4% during the forecast period.
Global Rectifier Transformers Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Market Definition
Rectifier transformers is an electrical device and is the combination of both transformer and rectifier device. It is a type of device that contains diodes or thyristors inside a single tank ad it also includes voltage regulation. Rectifier transformer is commonly used to convert AC supply into DC supply.
Market Dynamics
The growing adoption of rectifier transformers for applications in industrial process where a significant amount of DC supply is required is a major driving factor behind market growth. Increased adoption of rectifier transformer in applications such as business aircraft, aircraft buses and military transport aircraft, rising use of rectifier transformer in various electronic equipments, growing market for electronics industry across the globe, ever-increasing demand for electricity, technological developments in transmission lines and increased demand from automotive industry is expected to improve the growth of the market during the forecast period.However, high purchasing cost of rectifier transformers is a major restraining factor that could hamper the growth of the market.
Global Rectifier Transformers Market: Segmentation Analysis
By industry, the power and steel segment dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during the forecast period. Increasing market for power and steel industry in economies such as China, India, Japan, the US, and South Korea is also attributing to the growth of the market. Rising demand of power and electricity, cross-border power transmission, global government initiatives to utilize non-conventional and renewable energy sources and growing demand to improve transmission networks are expected to improve growth of the market during the forecast period. In addition, increasing requirement for high power rectifier transformers to power steel and aluminium production is further propelling the growth of the market.
Global Rectifier Transformers Market: Regional Analysis
Region-wise, the Asia pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. The developing economies such as China, Japan, South Korea, and India are the major key contributors behind the growth of the market. The growth is attributed to the massive presence of electronic equipment manufacturing companies, suppliers, and exporters across the region.
Increasing market for power and steel industry across the region, rising robust demand of rectifier transformers, increasing government investments, supportive government policies, massive and easy availability of low cost man power and rising competitive advantages and export activities are some of the growth factors that are impelling the growth of the market.
According to MMR study, China is the world leader in crude steel production with 996.3 MT produced in 2019. India is the second largest crude steel producer with 111.2 MT and Japan with 99.3 MT steel productions. Thus, growing developments in power and steel plants across these countries are propelling the growth of the market in the region.
The objective of the report is to present a comprehensive analysis of the Global Rectifier Transformers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Rectifier Transformers Market dynamics, structure by analyzing the market segments and projects the Global Rectifier Transformers Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Rectifier Transformers Market make the report investor’s guide.
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The Scope of Global Rectifier Transformers Market
Global Rectifier Transformers Market, By Type
• Up to 500 KVA
• Up to 2000 KVA
• Up to 5000 KVA
• Other
Global Rectifier Transformers Market, By Industry
• Oil and Gas
• Chemical Industry
• Power and Steel
• Automotive Industry
• Metals and Mining
• Other
Global Rectifier Transformers Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Rectifier Transformers Market, Key Players
Global Players
• General Electric
• Siemens
• ABB
• TES Transformer
• Neeltran
• Shenda
• Red-flag Group
• Zhejiang Longxiang Electric
• Niagara Transformer Corp
• Dawonsys
• Fuji Electric
• Hitachi
• Transformers & Rectifiers Ltd
• XX
• XX
North America
• Pacific Transformer Corp
• L/C Magnetics
• XX
• XX
Europe
• AGW Electronics Ltd
• AM Transformers
• XX
• XX
Asia Pacific
• Trutech Products
• Meidensha corporation
• Nissin electric co. ltd
• XX
• XX
South America & MEA
• Radian transformers (pty) ltd
• XX
• XX
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