Power Transformer Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024
Category: #world  By Deepak Pardhi  Date: 2019-01-21
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Power Transformer Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024

The report is a comprehensive exploration of Global Power Transformer market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global Power Transformer market and more.

Ongoing expansion of utility aided transmission & distribution networks to sustain the growing energy demand across the globe will drive the power transformer market size. Rising investments to refurbish the existing grid infrastructure across developed regions further proliferate the product penetration. In addition, increasing demand for rural electrification coupled with favorable regulatory framework across emerging electricity market will further complement the business outlook. Power transformer market size will exceed USD 35 billion by 2024, as reported in the latest study report.

Eminent participants in the power transformer market include GE, ABB, Schneider Electric, Siemens, Crompton Greaves, Mitsubishi Electric, Hyosung, Toshiba Corp., Hyundai Electric, Daihen, SPX Transformer, Celme, Kirloskar, and BHEL.

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China power transformer market is set to surpass 2,500 annual installation by 2024. Favorable government reforms subject to the establishment of a sustainable electricity infrastructure will positively influence the business growth. Rapid industrial expansion across the nation to cater volume manufacturing practices by industry participants will positively stimulate the product demand.

Stringent energy efficiency compliance coupled with advancing smart transformer technologies will substantially augment the power transformer market growth. Ongoing auxiliary capacity addition across the globe with an aim to integrate a sustainable energy mix will boost the product penetration. Perpetual electrification programs subject to large scale renewable addition along with rapid expansion of utility based high tension electricity networks will further complement the industry outlook.

The U.S. power transformer market will grow owing to ongoing investments toward refurbishment of existing electricity infrastructure. Expeditious expansion of infrastructure projects under the peninsula electrification program will fuel the product demand. In 2017, regulators across the U.S. proposed a funding worth USD 100 million to strengthen electricity infrastructure across the rail networks in California.  

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Global shift towards energy conservation along with growing measures to provide safe and reliable electricity will foster the power transformer market. Energy efficiency measures coupled with briskly expanding smart-grid networks will further accelerate the product penetration. In 2017, in compliance to the smart grid agreement, Sweden, France, Germany, Italy, and UK proposed investments worth USD 133.7 billion with an aim to sustain the rapid smart grid adoption across the region.

Middle East & Africa power transformer market is set to witness sheer progression in line with ongoing deployment of decentralized generation units coupled with rapid expansion of micro-grid networks. Escalating infrastructural investments from institutions including the International Finance Corporation, and African Development Bank (ADB), across the region will positively impact the business landscape. In 2017, ADB declared investments over USD 12 billion to sustain the soaring electricity demand across Africa.

Table of Content:

 

Chapter 1. Power Transformer Market Methodology & Scope

 

Chapter 2. Power Transformer Market Executive Summary

 

Chapter 3. Power Transformer Industry Insights

 

Chapter 4. Power Transformer Market, By Core

 

Chapter 5. Power Transformer Market, By Winding

 

Chapter 6. Power Transformer Market, By Installation

 

Chapter 7. Power Transformer Market, By Cooling

 

Chapter 8. Power Transformer Market, By Insulation

 

Chapter 9. Power Transformer Market, By Phase

 

Chapter 10. Power Transformer Market, By Rating

 

Chapter 11. Power Transformer Market, By Mounting

 

Chapter 12. Power Transformer Market, By Application

 

Chapter 13. Power Transformer Market, By Region

 

Chapter 14. Power Transformer Market Company Profiles

 

For more information on this report at: https://www.marketstudyreport.com/reports/power-transformer-market/?utm_source=marketsizeforecasters.com-SP

Related Report:

United States Large Capacity Power Transformer Market Report 2018

In this report, the United States Large Capacity Power Transformer market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-large-capacity-power-transformer-market-report-2018?utm_source=RR-SP

Read more at: https://www.marketwatch.com/press-release/cable-modem-subscribers-market-trends-global-industry-analysis-top-manufacturers-share-growth-opportunities-and-forecast-to-2023-2019-01-19

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About Author

Deepak Pardhi

Email: deepak.p@news.marketsizeforecasters.com   

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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