The power grid is highly essential to the infrastructure of ourday-to-day lives; there is a strong need for measures to achieve greaterefficiency in the grid and, by extension, the grid equipment and systems, asguarding the global environment is becoming a matter of urgency. Amorphousmetal transformers are typical transformers with a minute alteration to theirmagnetic core. An amorphous metal transformer uses an amorphous metal coreinstead of an ordinary metal core. An amorphous metal lacks the crystallinestructure, unlike its conventional substitutes. Amorphous metals resemble thecrystalline structure as that of glass, and hence, are also known as glassymetals or metglass. These metals demonstrate excellent strength and superiormagnetic properties, which make them ideal for usage in transformers.Transformers with amorphous metal cores are known to provide better efficiencyand substantially reduce transmission losses, which in turn saves considerableenergy and reduces carbon foot print on the environment.
The keyfactor driving the amorphousmetal transformer market is the energy efficiency and power saving thatit offers over conventional power transformers. A substantial quanta ofelectricity is usually lost to and during transmission of power, these lossesoccur due to wire resistance and stepping up and down of voltage in atransformer. Eddy current and hysteresis losses, collectively called as corelosses, are largely reduced, if not eliminated by employing an amorphous metaltransformer to the grid. These savings on a global level can help reduce thestrain on the environment and reduce the carbon footprint. Furthermore, theU.S. Department of Energy and similar agencies are enacting increasinglystringent efficiency standards on power transmission equipment, creating asubstantial opportunity for major amorphous metal transformer manufacturers.The other regions are also anticipated to exhibit a similar regulation trend,creating a considerable demand for amorphous metal transformers.
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Based onthe type of transformer, the amorphous metal transformer market can besegmented into single phase and three phase. Three phase is anticipated to be amajor segment of the market, as a majority of commercial electricitytransmission is three phase-based. Based on power rating, the overall amorphousmetal transformer market can be segregated into small (up to 100 kVA) powerrating transformers, medium (101 to 500 kVA) power rating transformers, andlarge (Above 500 kVA) power rating transformers. The type of amorphous metaltransformer used varies according to the load and application. Based onapplication, the amorphous metal transformer can be classified into smart grid,wind energy, solar energy, and others. With renewables on the rise, industry islooking for saving costs in auxiliary equipment such as transformers andsimilar distribution equipment. Smart grids are gaining traction in developedas well as developing economies.
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Based ongeography, the global amorphous metal transformer market can be classified intoAsia Pacific, Europe, North America, Latin America, and Middle East &Africa. North America, followed by Europe, is anticipated to be a key marketfor amorphous metal transformer. These regions have well-established powergrids. However, the aging grid coupled with stringent government normsregarding the efficiency of power transmission equipment is offering excitingopportunities for amorphous metal transformer manufacturers. The replacementand conversion of existing grid into smart grid is a key factor driving themarket in these regions. While, developing nations such as India, China,Brazil, and countries in Southeast Asia are boosting the development of theirpower infrastructure, which in turn is offering significant opportunity foramorphous metal transformer consumption.
Prominentplayers operating in the global amorphous metal transformer market includeHitachi, Ltd., Rhino Electric Co., Ltd., Kotsons, and Wolong Holding Group Co.,Ltd.
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