Summary

Power transformers are electrical instruments used in transmitting electrical power from one circuit to another without changing the frequency. Mexico's electricity generation industry plays a pivotal role in powering its growing economy and meeting the energy needs of its population. In 2022, Mexico generated approximately 0.33 trillion kilowatt-hours (KWh) of electricity, reflecting the country's increasing demand for electrical power. This uptick in electricity generation has naturally led to a parallel growth in the market for transformers in the region. Transformers are integral components of Mexico's electrical infrastructure, critical for voltage transformation, distribution, and ensuring the reliable supply of electricity. As Mexico continues to advance its energy sector, incorporating a diverse mix of energy sources, including fossil fuels; renewables, and natural gas, transformers have become even more indispensable. They are essential for efficiently transmitting electricity from power generation facilities to distribution networks, substations, and ultimately to homes, businesses, and industries across the country. Many different transformer types exist to serve the specific power and environmental requirements of commercial, industrial, and residential users and are characterized by the voltage they help transmit throughout the grid. Additionally, efforts to modernize the electrical grid and enhance its reliability have created opportunities for advanced transformer technologies.

According to the research report, “Mexico Transformers Market Overview, 2028” published by published by Bonafide Research, the market is anticipated to reach more than a USD 1.10 Billion by 2028. In Mexico the transformers demand drivers includes the extreme weather, natural disasters, and growing national security concerns have resulted in an increasing emphasis on transformers manufacturing with high durability, while customers express decreasing tolerance for outages, Increasing focus on the nation’s aging infrastructure, grid resiliency, and climate impact have inspired sweeping legislation and significant investment that are expected to drive both near- and long-term spending. Both the public and private sectors are focused on domestic manufacturing as a result of the pandemic, supply chain disruptions, and geopolitical tensions; the reshoring of manufacturing is expected to generate greater electricity demand and increase transformer spending. Moreover, the ongoing digital transformation across various industries has led to a growing need for smart transformers that can monitor and optimize power distribution in real-time. These technological advancements have created a niche market for innovative transformer solutions.

The market is segmented on the basis of Product type of transformers. It includes Distribution Transformers, Power Transformers, Instrument Transformers, and Others (Isolation Transformers, Pulse Transformers, Traction Transformer, etc.). The distribution transformer provides the final voltage transformation in the electric power distribution system, stepping down the networks medium voltage to low voltage, the level used by the consumer, and is considered one of the most important links in the distribution network. Distribution transformers have many important applications in the residential, commercial, and industrial sectors. Thus holding the largest market share, Along with this the other type of transforms also holds the significant market share. An isolation transformer is a transformer used to transfer electrical power from a source of alternating current (AC) power to some equipment or device while isolating the powered device from the power source, usually for safety reasons or to reduce transients and harmonics. Isolation transformers provide galvanic isolation; no conductive path is present between source and load. This isolation is used to protect against electric shock, to suppress electrical noise in sensitive devices, or to transfer power between two circuits which must not be connected. Electrical isolation is necessary for medical equipment and some special standard equipment. In that case, an isolation transformer is connected with equipment.

The market is segmented on the basis of core of the transformers, which includes the closed type, shell type, and the berry type. The shell type transformers are preferred for low voltage and low power applications. Shell-type transformers are commonly used in power distribution networks, where their compact design and efficient cooling properties make them suitable for urban and residential areas. In renewable energy projects like wind farms and solar installations, shell-type transformers are used to connect the generated power to the grid. Their versatility and reliability are essential for efficient energy distribution. Thus it holds the largest marker share. However the Berry type transformers find their primary application in high-voltage testing laboratories, research institutions, and specialized industries that demand the generation of extremely high voltages. These transformers are essential tools for engineers, scientists, and researchers involved in electrical and materials testing, as well as in fundamental physics experiments. High-voltage laboratories rely on Berry type transformers to produce controlled and calibrated high-voltage impulses and continuous AC or DC voltages. They are indispensable for a wide range of applications, including insulation testing of electrical equipment, dielectric strength testing of materials, breakdown voltage testing, and electromagnetic compatibility testing. The ability of Berry type transformers to provide precise voltage levels, often reaching hundreds of kilovolts or even megavolts, ensures the accuracy and reliability of these critical tests and experiments, contributing to advancements in technology and scientific discoveries.

Based upon the number of windings used in the transformer, they can be grouped into two different categories Two windings and Auto Transformer. Two-winding transformers are widely used in various applications across the electrical power industry and thus dominates the market. Two-winding transformers are essential for stepping up or stepping down voltage levels in power transmission and distribution systems. They help transmit electricity efficiently over long distances at high voltages and then reduce the voltage to safer levels for distribution to homes and businesses. Industries often use two-winding transformers to adapt the voltage levels of power supply to match the requirements of their machinery and equipment. This includes manufacturing processes, factories, and other industrial facilities. In residential areas, two-winding transformers are employed to reduce the high-voltage electricity from the distribution network to levels suitable for household use. They ensure that the electricity supplied to homes is safe for appliances and lighting. Two-winding transformers play a crucial role in renewable energy systems, such as wind and solar farms. They help connect these energy sources to the grid by adjusting the voltage to match the grid's requirements. Auto transformers are used in electrical substations and power transmission systems to adjust voltage levels, especially during peak load conditions. They help optimize voltage regulation and stabilize grid operations. Auto transformers are used in variable frequency drives (VFDs) and adjustable speed drives (ASDs) to control the speed and voltage of electric motors in industrial processes. This is crucial in sectors like manufacturing, HVAC, and pumps. Auto transformers are employed in railway electrification systems to adjust the voltage levels for traction purposes. They are used in both urban and long-distance rail networks.

By cooling type, the market is segmented in air cooled transformers and oil cooled transformers. Oil-cooled transformers are a prevalent type of transformer in the electrical industry. They use an insulating oil, typically mineral oil or synthetic fluids like silicone oil, for both insulation and cooling purposes. The oil's high heat capacity and dielectric properties make it an effective coolant and insulator. These transformers are widely used in applications where high power and efficient cooling are essential. They are commonly found in power generation, transmission, and distribution networks, as well as in industrial settings. Oil-cooled transformers offer superior heat dissipation and can handle heavy loads and high voltages effectively. Their durability and long operational lifespan make them suitable for continuous and critical operations, and that’s the reason they dominate the market in 2022 with more than 55% market share. On the other hand, Air-cooled transformers are a type of electrical transformer designed for cooling primarily by the natural circulation of air. They are commonly used in various applications where the cooling process does not require a liquid coolant like oil. One of the key advantages of air-cooled transformers is their simplicity and lower maintenance requirements compared to their oil-cooled counterparts. These transformers are often chosen for their suitability in environments where fire safety is a concern since they do not contain flammable liquids like oil. Air-cooled transformers are widely used in outdoor settings, particularly in regions with a temperate climate, where natural convection and forced-air cooling methods are sufficient to dissipate heat generated during operation. They are also preferred in situations where the transformer needs to be located in close proximity to the load due to space constraints.

By Phase, the market is segmented into Three Phase and Single Phase transformers. Due to the effectiveness and widespread use in businesses, power generation facilities, and distribution networks, three-phase transformers do actually dominate a number of industries and applications. They are essential for high power applications and found frequently in manufacturing, utilities, office buildings, and massive power transmission. In systems with high electrical demands, three-phase transformers are crucial for power factor correction, load balancing, and reliable power distribution. On the other hand, single-phase transformers are often not the most popular option in terms of market share when it comes to high-power industrial applications. Instead, they are mainly applied in settings that require less electricity, such as homes and small businesses. For the purpose of converting voltage in residences, workplaces, and smaller electrical appliances, single-phase transformers are frequently utilized.

According to the insulation of transformers, the market is segmented into liquids immersed, Dry, Gas and Solid insulated transformers. Dry transformers use solid insulation materials and do not rely on liquid dielectrics. They are often filled with dry-type insulation such as epoxy resin, cast resin, or other solid materials. Dry transformers are preferred in indoor settings where safety and environmental concerns are significant, such as commercial buildings, hospitals, and data centers. Liquid-immersed transformers are the dominant force in the transformer market, and their widespread use can be attributed to their versatility and efficiency in a wide range of applications. These transformers are filled with insulating liquids, typically mineral oil, silicone oil, or natural ester fluids, which serve both as electrical insulation and as a cooling medium. This dual functionality makes them highly efficient and reliable in handling various power needs. Due to their adaptability to different voltage levels, making them suitable for both step-up and step-down transformations. They are integral components in power generation, transmission, and distribution networks, ensuring that electricity are efficiently transported across long distances with minimal energy loss.

On the basis of Voltage, the market is segmented into different voltage ranges like Up to 500 VA, 501 VA to 1 kVA, 2 kVA to 5000 kVA, 5001 kVA to 1000 MVA, Above 1000 MVA. The 2 kVA to 5000 kVA voltage range indeed plays a significant role in the transformer market due to its versatility and extensive range of applications. This voltage range is commonly used in industrial settings where a moderate to high power capacity is required. It caters to a wide range of industrial machinery, including motors, pumps, and manufacturing equipment. Transformers in the range of 5001 kVA (5 MVA) to 1000 MVA (1 GVA) are high-capacity transformers designed to handle extremely large electrical loads. They find applications in specialized and demanding sectors where the transmission and distribution of very high electrical power levels are necessary. These transformers are used in power plants, including thermal, hydroelectric, nuclear, and renewable energy facilities. They step up the generated voltage for efficient long-distance transmission. Industries with massive power requirements, such as steel mills, aluminum smelters, and large chemical plants, rely on these transformers for the reliable and high-capacity distribution of electricity. High-speed rail networks require substantial electrical power for train operations and infrastructure. Large transformers are essential for ensuring a continuous and stable power supply. Transformers in the range of 501 VA (volt-amps) to 1 kVA (kilovolt-amps) are relatively small and are typically used in low-power applications where voltage transformation is required. Transformers in this range are often used in household appliances to convert voltage levels, ensuring that the appliance receives the appropriate voltage for safe and efficient operation.


Based on the Mounting of transformers, the market is segmented into two categories; Pad and Pole. A ground-mounted electric power distribution transformer in a lockable steel cabinet that is mounted on a concrete pad is known as a pad mount or pad-mounted transformer. A pad mount transformer can be set up in areas where a gated enclosure would not fit since all electrical connection points are safely encased in a grounded metal casing. Conversely, pole-mounted transformers are electrical utility distribution transformers installed at the same level as the overhead wires on a wooden or concrete electrical service pole. The survey states that in 2022, pad mounting of transformers will rule the industry. This accessibility improves security and lowers the risk involved in maintenance activities. Due to the lack of considerable excavation or complicated infrastructure, installing pad-mounted transformers is both simple and affordable. It is common to see pad-mounted transformers in residential areas, business districts, industrial sites, and distribution substations. They can handle a wide range of voltage levels to accommodate various applications.

According to their uses, transformers are employed in the utility, industrial, residential, and commercial sectors. In fact, transformers are the backbone of power plants and are a crucial component of their electrical system. Transformers play a significant role in a number of crucial processes in all types of power plants, including those that use thermal, hydroelectric, nuclear, or renewable energy sources. Stepping up the voltage produced by the power source is one of the transformers' main functions in power plants. For effective electricity long-distance transmission, this step-up procedure is necessary. Higher voltage ensures that electrical power may be efficiently carried through the grid to fulfill the demands of far-off cities and regions, leading to the market for transformers in the utility sector. Higher voltage also decreases energy losses during transmission. They are used in houses to adjust voltage levels for lighting appliances and HVAC (heating, ventilation, and air conditioning) systems based on the residential and commercial applications. They are also utilized in a variety of other places, including data centers, hospitals, commercial buildings, offices, retail locations, transportation (electric trains), aerospace and defense, and telecommunications.

Considered in this report:
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Mexico Transformers market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Distribution Transformer
• Power Transformer
• Instrument Transformer
• Others (Isolation Transformers, Pulse Transformers, Traction Transformer, etc.)

By Core:
• Closed
• Shell
• Berry

By Winding:
• Two Winding
• Auto Transformer

By Cooling Type:
• Air Cooled
• Oil Cooled

By Phase:
• Three Phase
• Single Phase

By Insulation:
• Liquid Immersed
• Dry
• Gas
• Solid

By Mounting:
• Pad
• Pole

By Voltage Range:
• Up to 500 VA
• 501 VA to 1 kVA
• 2 kVA to 5000 kVA
• 5001 kVA to 1000 MVA
• Above 1000 MVA

By Application:
• Utility
• Industrial
• Residential and Commercial

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Transformers industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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