Converter Transformer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 - 2027
Converter Transformer Market is analyzed to grow at a CAGR of 19.3% during the forecast 2022-2027 to reach $20.11 billion by 2027. A converter transformer is generally used in High voltage direct current (HVDC) system. In a HVDC system, power electronic circuits are used to convert AC to DC (Rectifier circuits) or convert DC to AC (Inverter Circuits). Both of these circuits are also called converter circuits which consists of capacitors or synchronous condensers for reactive power. A transformer that has one of its windings connected to one of these circuits, as a dedicated transformer, is a converter Transformer. Converter transformer generally face high harmonic contents in the voltage and in the current loads. For this reason, the magnetic core is oversized reducing at the same time the working induction. Similarly, thyristor power switches then reconstruct the original low-frequency wave at the desired output voltage level. With the advancement in technologies, converter tra...