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Phase Shifting Transformers Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030

ID : MRU_25686 | Date : Jan, 2023 | Pages : 192 | Region : Global

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A phase-shifting transformer is a device for controlling the power flow through specific lines in a complex power transmission network. The basic function of a phase-shifting transformer is to change the effective phase displacement between the input voltage and the output voltage of a transmission line, thus controlling the amount of active power that can flow in the line.


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 Global Phase Shifting Transformers Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Phase Shifting Transformers Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Siemens
ABB
Tamini
Baoding Tianwei Baobian Electric
Others
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Below 400 M VA
400 MVA-800 MVA
Over 800 MVA
In Market segmentation by applications :

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 research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Phase Shifting Transformers Market for the forecast period 2023 - 2030?
• What are the driving forces in the Phase Shifting Transformers Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Phase Shifting Transformers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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