Power transformer bushings – market trends: A shift towards online monitoring and composite housings

Bushings are critical for the safety of power networks. With the power transformer collective market expected to reach around 3.1 billion USD in the European Union over the next ten years, the market for transformer bushings is also developing in parallel. It is expected that the HV bushings market in the EU will reach close to 60 million USD in the same period. Within the EU, Germany is going to be the largest market for the next ten years. Globally, Western Europe remains one of the key markets for bushings, driven by replacements, along with the USA, China, India and Australia

Power transformer bushings – market trends: A shift towards online monitoring and composite housings

Bushings are critical for the safety of power networks. With the power transformer collective market expected to reach around 3.1 billion USD in the European Union over the next ten years, the market for transformer bushings is also developing in parallel. It is expected that the HV bushings market in the EU will reach close to 60 million USD in the same period. Within the EU, Germany is going to be the largest market for the next ten years. Globally, Western Europe remains one of the key markets for bushings, driven by replacements, along with the USA, China, India and Australia

Converter transformers – A crucial component of HVDC system

Global HVDC converter transformer market is projected to reach $5.3 billion by 2025 at a CAGR of approximately 18 %. The market is mainly driven by new installations of HVDC systems for new off-shore wind systems and long-distance power transfer to load centers, however, refurbishment also play a significant role. Some of the leading players in the global HVDC converter transformer market today are ABB, Siemens, GE-Alstom, BHEL, TBEA, XD transformers, NR Electric, RXPE and C-EPRI. ABB and Siemens still have the largest market share of HVDC systems globally and are well positioned to win projects in Europe, North and South America

Distribution transformers market

Global distribution transformers market reached around $5.5 billion in 2018 (up to 600 kVA and below 40 kV). The majority of this demand, around 74 %, came from distribution utilities globally, followed by 19 % from industry and around 7 % from power generation. As a general trend, market in emerging countries is mostly driven by new additions along with replacements, while in developed markets, including western Europe and North America, most of the demand is due to end-of-life replacements. Distributed generation and electric vehicle supply infrastructure are also influencing demand in certain countries around the world. Some of the leading players in the distribution transformers market today are ABB, Schneider Electric, SGB-SMIT, Siemens, Crompton Greaves, Ormazabal, WEG, Jinpan and Voltamp transformers. ABB, Schneider Electric, SGB-SMIT, Ormazabal and Siemens (esp. for dry-type) have a big share of global transformers market and are well positioned in multiple countries around the globe to maintain their market position

Revolutionizing electric utilities with AI

The power sector is digitizing, enabling the use of advanced computing tools such as Artificial Intelligence (AI) to achieve operational efficiency and optimality. This technological innovation is playing a significant role in the global energy transition to meet climate goals. AI is being embraced by developed countries as a critical tool for reducing energy waste, lowering costs, and accelerating the adoption of clean, renewable energy sources in power grids worldwide, as well as improving power system operation, maintenance, control, and planning. AI applications have revolutionized electric utility operations such as customer engagement, managing electrification of transportation and smart neighborhoods, electrical grid digitization, and electrical network asset digitization

Revolutionizing electric utilities with AI

The power sector is digitizing, enabling the use of advanced computing tools such as Artificial Intelligence (AI) to achieve operational efficiency and optimality. This technological innovation is playing a significant role in the global energy transition to meet climate goals. AI is being embraced by developed countries as a critical tool for reducing energy waste, lowering costs, and accelerating the adoption of clean, renewable energy sources in power grids worldwide, as well as improving power system operation, maintenance, control, and planning. AI applications have revolutionized electric utility operations such as customer engagement, managing electrification of transportation and smart neighborhoods, electrical grid digitization, and electrical network asset digitization

Power transformers – global market analysis: Capacity additions and aging infrastructure driving the growth

Global market for power transformers above 100 kV reached $18 billion in 2016. APAC region has the largest demand for power transformers, with China, India and Indonesia leading the market. Following APAC is the Americas market, with USA leading in terms of the market size owing to grid replacements and renewable integration. In EMEA, strong growth is driven by GCC countries and Sub-Saharan Africa owing to increased demand