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Phase-Shifting Transformers Market, Global Outlook and Forecast 2023-2030

The global Phase-Shifting Transformers market was valued at US$ 98.8 million in 2022 and is projected to reach US$ 126.8 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Phase-Shifting Transformers market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Phase-Shifting Transformers market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Phase-Shifting Transformers market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

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.
Phase shifting transformers (PST) are crucial components in the ongoing strive for improved AC network efficiency. Increasing amounts of transmitted energy push the networks to the limit, increasing the risk of network instability.
PSTs allow controlling the power flow in the transmission grid independently of the generation. By avoiding system overloads and instabilities protect transmission lines and HV equipment from thermal overload, improve transmission system stability and control the power flow between different networks, for parallel long distance overhead lines or for parallel cables.
PSTs are highly specialized pieces of equipment that require leading- edge design and manufacturing skills combined with stringent quality control. They are highly complex power transformers, with more windings and tap changers than traditional power transformers and a large number of connections between the three-phases.
This report aims to provide a comprehensive presentation of the global market for Phase-Shifting Transformers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Phase-Shifting Transformers. This report contains market size and forecasts of Phase-Shifting Transformers in global, including the following market information:

Global Phase-Shifting Transformers Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Phase-Shifting Transformers Market Sales, 2018-2023, 2024-2030, (K Units)
Global top five Phase-Shifting Transformers companies in 2022 (%)

The main players in Phase Shifting Transformer market are Siemens, ABB, Tamini, Baoding Tianwei Baobian Electric and a few others. The top 3 are Siemens, ABB, Tamini with 93% market shares. Europe is the largest consumption place, with about 95% market shares.
We surveyed the Phase-Shifting Transformers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Phase-Shifting Transformers Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Phase-Shifting Transformers Market Segment Percentages, by Type, 2022 (%)

Single Core Type
Two Core Type

Global Phase-Shifting Transformers Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Phase-Shifting Transformers Market Segment Percentages, by Application, 2022 (%)

Power
Industrial
Medical
Others

Global Phase-Shifting Transformers Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Phase-Shifting Transformers Market Segment Percentages, By Region and Country, 2022 (%)

North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Phase-Shifting Transformers revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Phase-Shifting Transformers revenues share in global market, 2022 (%)
Key companies Phase-Shifting Transformers sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Phase-Shifting Transformers sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

ABB
GE
Siemens
SGB-SMIT
Tamini
Nix Electric Company

Outline of Major Chapters:

Chapter 1: Introduces the definition of Phase-Shifting Transformers, market overview.
Chapter 2: Global Phase-Shifting Transformers market size in revenue and volume.
Chapter 3: Detailed analysis of Phase-Shifting Transformers manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Phase-Shifting Transformers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Phase-Shifting Transformers capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.