Power Transformer Global Market Size, New Advancement in Technology and Sales Revenue Analysis | Worldwide Industry Future Scope and Forecast to 2023

Global Power Transformer Market is expected to grow at a CAGR of 8% during the forecast period.

Power Transformer Market by Cooling Type, by Power Rating and by Region | Global Power Transformer Market Is Likely To Grow At the CAGR of around 8% by Forecast To 2023

Power Transformer Market Highlights:-

The power transformer market is in the growth stage. This is due to the increase in demand for power, and in cross-border power transmission, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to upgrade transmission grids boost the global power transformer market. The Asia-Pacific region is the leading market for power transformers market and is followed by Europe. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable electricity supply, is driving the market for power transformers. Also R&D and utilization of ultra-high voltage transformer in China and India will drive power transformer market.

The constant need for electricity and the unstable electricity supply situation in most developing countries will aid in the growth of the power transformers market over the forecast period. However, averseness of governments worldwide in initiating capital inducement projects can hinder the power transformer market. Also, the high cost of transformers and that of safety instruments & backup structure obstructs optimal utilization of power transformers globally.

 

Industry Top Key Players:-

  • Mitsubishi Electric Corporation 
  • Hyosung Corporation 
  • SPX Transformer Solutions, Inc.
  • ABB Group 
  • Siemens Ltd.
  • General Electric Company 
  • Toshiba Corporation 
  • Hyundai Heavy Industries Co., Ltd. 

 

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Industry News:-

In September, 2017 – ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market.

In December, 2017 – Siemens further expands its leadership role in industrial digitalization. Siemens is the first company worldwide to set up 20 centers for digital customer applications in the industrial sector.

In October, 2016 – Power management company Eaton announced that it has expanded its line of popular PowerXL Series DG1 Power Transformer to include a new, more powerful Frame 6 option. Designed for global commercial, industrial and original equipment manufacturer (OEM) customers, the new Eaton engineered drive increases available power from 150 to 250 horsepower (hp), affording customers’ greater agility, reliability, and safety for their applications.

 

Global Power Transformer Market Analysis:-

Currently, the power transformer market is in the growth stage. This is due to the increase in demand for power, and in cross-border power transmission, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to upgrade transmission grids boost the global power transformer market. The Asia-Pacific region is the leading market for power transformers market and is followed by Europe. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable electricity supply, is driving the market for power transformers. Also R&D and utilization of ultra-high voltage transformer in China and India will drive power transformer market.

 

Major Points of TOC:-

1 Executive Summary

2 Research Methodology

3 Market Dynamics

4 Global Power Transformer Market, By Cooling

 

5 Global Power Transformer Market, By Rating

5.1 Introduction

5.2 Small Power

5.3 Medium Power

5.4 Large Power

 

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6 Regional Market Analysis

6.1 Introduction

6.2 North America

6.2.1 U.S.

6.2.2 Canada

6.3 Europe

6.3.1 U.K.

6.3.2 France

6.3.3 Germany

6.3.4 Rest Of Europe

6.4 Asia-Pacific

6.4.1 China

6.4.2 Japan

6.4.3 India

6.4.4 Rest Of Asia-Pacific

6.5 Rest Of The World

Continued……

 

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