Power Transformer Market Analysis by Product Types, Marketing Channel Development Trend, Industry Effect Factors Analysis by 2020


10 February 2020 - In the year 2013, the global Power Transformer Market comprised of over 11,300 units and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $ 18 million as of 2013. Increase in the demand for electricity in the rapidly developing nations along with those who are already developed coupled with increase in the amount of investments in infrastructure is expected to drive the market over the next few years. Smart meters which are the result of high demand and supportive initiatives are anticipated to positively impact the market. Government obligations to install advanced power transformers and to modernise existing grids to minimize the losses and enhance efficiency will also positively impact the power transformer market globally.

         

Transformers with advanced features and having eco-friendly qualities are expected to replace the traditional transformers which are not compatible with current environmental and technical requirements. Cross-border electricity trade is being increased by the nations which are developed at the same time integrating wind and other renewable energies which push the existing networks to their limits. These conditions lead to frequent short-circuits which can also be considered as one of the major factor responsible for power transformer installation.

View Full Report with TOC @ https://www.millioninsights.com/industry-reports/power-transformer-market

Increasing awareness about reduction in the pollutants-emission and protection of environment is driving the development of smart grid and super grid. Furthermore, replacement of Polychlorinated Biphenyls (PCB), service expansion in resource-based industries and growth in green initiative awareness is expected to fuel the market over next few years.

However the ever changing prices of raw materials such as copper and steel and crude oil in the global market along with pressurization by manufacturers can act as a restraint over the forecast period.

Product Insights

Major product segments include 100 MVA to 500 MVA, 501 MVA to 800 MVA and 801 MVA to 1200 MVA. The products from the range 100 MVA to 500 MVA are expected to dominate the market due to its uneven usage in transmission and distribution network for step-up and step-down applications.

HVDC and UHVDC power generation make use of 801 MVA to 1200 MVA which is expected to witness growth due to increasing demand from regions such as Middle East and Asia-Pacific

Regional Insights

40% of the total revenue generated from power transformers was from the region of Asia-Pacific in the year 2103 and is forecasted to acquire significant gains over the next five years due to the rapid economic developments and need of nations for uninterrupted power supply.

Due to increasing modernization and industrialization, North American region will be the emerging market over the next few years. Numerous environmental protection initiatives undertaken by the European nations to implement green transformers will drive the market over the forecast period.

Competitive Insights

Major players such as Alstom SA, Siemens AG, ABB Ltd., Crompton Greaves Ltd., Toshiba Corp and GE Co., dominate the power transformer market. Improvement in the production capacities and increase in the product life are few strategies that are being adopted by these players to maintain their significant share. HVDC, shunt reactors, light and phase shifting variants are provided by various firms to enrich their product portfolio.

Transformers with low noise operation and online monitoring have been developed by Alstom for environmentally critical zones. Autotransformer, substation and auxiliary, general setup are included in GE portfolio. In order to provide smart grid solutions, Crompton Greaves completed a contract with Saudi Electricity Company (SEC) worth $ 3.6 million.

Number of environmental protection agencies are enforcing nations to reduce the emissions to protect the environment. Key players are expected to abide by certain regulations related to environment, performance and efficiency. Many of the major firms are investing in research and development to reduce emissions and improve efficiency. Partnerships and acquisitions are also undertaken to expand the businesses.

Request Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/power-transformer-market/request-sample

Market Segment:

Power transformer Product Outlook (Volume, Unit Shipments and Revenue, USD Billion; 2012 - 2020)
        • 100 MVA to 500 MVA
        • 501 MVA to 800 MVA
        • 800 MVA to 1200 MVA

Power transformer Regional Outlook (Volume, Unit Shipment and Revenue, USD Billion; 2012 - 2020)
        • North America
        • Europe
        • Asia Pacific
        • RoW

Location: Asyut Desert, Assiut Governorate, Egypt

Comments

Post a Comment

Popular posts from this blog

Fuel Cell Industry Size & Share Analysis by Type and Region, Forecast Report, 2030

  The global fuel cell market size was estimated at USD 7.35 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2024 to 2030. Increasing demand for unconventional energy sources is one of the key factors driving the growth. Growing private-public partnerships and reduced environmental impact are expected to propel the demand. Governments across the globe are anticipated to supplement the developments by offering support in different forms, including funding R&D activities and funding suitable financing programs. Building a robust regulatory framework is vital as government enterprises need to provide an environment that is favorable for investment. Most of the U.S. states, such as California and New York, have set mandates to limit the carbon emissions from commercial and industrial end users in the country. This has resulted in end users opting for clean energy technologies to comply with the mandate and limit their carb...
Read more

Squalene Industry In-depth Analysis and Forecast Report, 2030

  The global squalene market was valued at approximately USD 149.4 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2030. A significant driver of this growth is the increasing use of natural ingredients within the personal care and cosmetics industry. Squalene’s transparency, low odor, and moisturizing properties make it highly valued as an emollient. Due to its non-toxic nature, squalene is one of the most widely used ingredients in personal care products. Additionally, squalene oil is utilized in cosmetics to neutralize free radicals that can damage skin and contribute to aging. In cosmetics and personal care, squalene serves as a moisturizing and cleansing agent in a variety of products, including lotions, hair conditioners, bath oils, lipsticks, creams, and foundations. The demand for natural and organic ingredients is increasing, which positively impacts the squalene market. Beyond cosmetics, the rising demand ...
Read more

Gardening Equipment Market Scope, Demands, Technological Development and Competitive Insights to 2025

24 th January 2022 – Global Gardening Equipment Market is anticipated to witness exponential growth in the forecast period. The factors that propel the growth of the gardening equipment market include increasing annual incomes, changing consumer lifestyle, increase in backyard cooking, expansion of modern homes and usage of gardens for hosting parties. On the other hand, there are factors that may hamper the growth of the market including disturbances in retail market for garden products and unfavorable natural calamities. Gardening equipment industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Gardening equipment industry may be explored by type, end user, and geography. The market may be explored by type as Hand Tools; which may be further explored as Weeder, Paving Weeder, Fishtail Weeder, Cape Cod Weeder, Shears & Snips, Hoe and Others, Water management Equipment, Tri...
Read more