Latest Market Research Reports

  Transformers   Procurement Intelligence In this transformers procurement intelligence report, we have assessed the pricing of the major cost components such as raw materials, labor, equipment & tools, energy & utilities, logistics, and others. Other costs include R&D, compliance, warranty, rent, general & administrative, and marketing & sales. As per data published by Federal Reserve Economic Data (FRED), the Producer Price Index (PPI) of ‘electric power and specialty transformer manufacturing’ in the U.S. stood at 333 in February 2023, ~20% up as compared to February 2022. Moreover, the same index rose further in February 2024, by ~10% (y-o-y growth). Key reasons for the rise in the index were increase in raw material costs, growth in labor costs, and escalation in energy costs during this period. Suppliers in the transformers industry often use one of many pricing structures. Cost-plus pricing and volume-based pricing are two of the prominent pricing mo...

  Transformers   Procurement Intelligence Procurement of transformers benefits buyers from several end-use sectors by minimizing energy losses, improving power quality, and enhancing grid reliability. The global market size was estimated at USD 87.3 billion in 2023. Key drivers of the industry include rising demand for electric vehicles (EVs), a shift towards renewable energy, grid modernization initiatives, and technological advancements in design. APAC accounted for the largest share (~30%) of the global industry in 2023. Rapid urbanization, smart city projects, and favorable incentives and subsidies were the major factors driving the APAC market in 2023. The global industry has been substantially impacted by raw material price volatility, replacement costs of aging infrastructure and equipment, disruptions in supply chain and logistics, high capital investments, and energy transition challenges. For instance, fluctuating prices of copper, steel, and specialized insulation m...