Transformers Magazine, Vol. 10 No. 4, 2023.
Original scientific paper
Transformer market report: What is the uncertainty of the reported market size?
Martin Carlen
Euan Blauvelt
Abstract
For the last two years, the global transformer market has been characterised by high demand and rising prices, caused on the one hand by the ongoing transformation of the electricity grid and the electrification of various appliances, such as EVs, and on the other hand, by a large rise in materials costs. This combination has caused an increase in the market’s value from 2020 to 2022 by about 50 %, to almost $60 billion. Various market reports present different numbers without indicating the expected accuracy of the data presented. Statplan has carried out a detailed analysis in its latest report, Ed. 11, and presents the methodology for the determination of accuracy and the outcome in this paper. The market analysis covers low voltage transformers >1 kVA, and medium and high voltage distribution and power transformers.
Keywords
transformer market; accuracy; uncertainty; expected error
Hrčak ID:
308715
URI
Publication date:
10.10.2023.
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