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A transformer is a machine used for transforming power without changing the frequency from one circuit to other. It is a static device since there is no rotating or moving part and works on ac supply.

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Power Transformer Industry Research Report


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your catalyst to a lucrative business

Your Catalyst To a Lucrative Business

Power Transformer Market Share, Size, Analysis, Growth, Trends

and Forecast to 2024 | Hexa Research

“Global power transformer market size was projected

over 11, 295 units in 2015. It would grow at nearly

6.1 percent CAGR during 2016 to 2024.”

The Global Power Transformer Market size was projected over 11, 295 units in 2015. It would grow at nearly

6.1 percent CAGR during 2016 to 2024. The market, with regards to size, was over USD 18 billion in 2015. It

finds usage across mining, chemical plants, etc. Wider demand for these transformers from the

aforementioned applications should drive the market in the forecast period (2016 to 2024).

Demand for electricity from developing & developed nations coupled with higher infrastructural spending is

likely to be the key market propeller. Supportive ‘smart grid’ policies have furthered the demand for smart

meters, thus promoting market sales. Moreover, regulations for the installation of sophisticated ‘power

transformers’ can raise market demand in the near future.

Browse Details of Report@

https://www.hexaresearch.com/research-report/power-transformer-market

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In addition, improvisations in existing power grids for enhancement of ‘energy efficiency’ and reduction of

‘losses’ may assist market demand. Conventional transformers are unsuitable for meeting technical &

ecological demands. They could be substituted with bio-friendly products due to their innovative & safety

features.

Developed regions are witnessing growth in cross-border electricity business, incorporating wind & other

renewable energies. This boosts the ‘load flow’ on aging systems, thus driving market growth. Load

amplification and huge supply & transmission losses raise the demand for sub-stations. Owing to consistent

power supply demand and fiscal expansion in some nations, power demand is estimated to experience a

healthy CAGR in the coming years.

Volatility in feedstock costs may hinder the pace of the worldwide power transformer market. The market is

categorized into products and geographies. In terms of products, 100 MVA to 500 MVA output power

occupied around 68 percent shares in 2015 and dominates. It was anticipated to undergo profits at nearly 6.4

percent CAGR over the next few years.

This segment’s adoption across transmission & supply networks for step-up and step-down applications

increases its demand. 801 MVA to 1, 200 MVA is likely to grow at more than 5 percent CAGR from 2015 to

2022. The same can be attributed to escalating energy demand from Brazil, India, China, & other emergent

countries.

With respect to geographies, Asia Pacific stood worth USD 7 billion in 2015. It is expected to be lucrative till

2024. The North American power transformer market will be propelled by industrialization in the United

States.

Browse Related Category Market Reports @

https://www.hexaresearch.com/research-category/semiconductors-industry

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Table of Content of Power Transformer Market

Chapter 1 Methodology and Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical modeling and forecast

1.1.3 Industry insights and validation

1.2 List of Data Sources

Chapter 2 Executive Summary

2.1 Power transformer market snapshot, 2016 - 2024

Chapter 3 Power Transformer Industry Insights

3.1 Market segmentation

3.2 Market size and growth prospects

3.3 Power transformer value chain analysis

3.4 Power transformer market dynamics

3.4.1 Key growth drivers

3.4.2 Industry pitfalls & challenges

3.5 Key growth opportunities

3.6 Porter’s analysis

3.7 Company market share analysis, 2016

3.8 PESTEL analysis

Chapter 4 Power Transformer Product Insights

4.1 Power transformer market volume share by product, 2016 & 2024

4.2 100 MVA to 500 MVA

4.2.1 Market estimates and forecasts, by region, 2016 - 2024

4.3 501 MVA to 800 MVA

4.3.1 Market estimates and forecasts, by region, 2016 - 2024

4.4 801 MVA to 1200 MVA

4.4.1 Market estimates and forecasts, by region, 2016 - 2024

Chapter 5 Power Transformer Regional Insights

5.1 Power transformer market volume share by region, 2016 & 2024

5.2 North America

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5.2.1 North America market by product, 2016 - 2024

5.3 Europe

5.3.1 Europe market by product, 2016 - 2024

5.4 Asia Pacific

5.4.1 Asia Pacific market by product, 2016 - 2024

5.5 Latin America

5.5.1 Latin America market by product, 2016 - 2024

5.6 MEA

5.6.1 MEA market by product, 2016 - 2024

Chapter 6 Competitive Insights

6.1 ABB Ltd.

6.2 Alstom SA

6.3 Bharat Heavy Electricals Ltd. (BHEL)

6.4 Crompton Greaves (CG)

6.5 General Electric (GE)

6.6 Hyosung Power and Industrial Systems Performance Group

6.7 Hyundai Heavy Industries Co. Ltd.

6.8 Mitsubishi Electric Corporation

6.9 Siemens Energy

6.10 Toshiba Corporation

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research

and consulting services to a host of key industries across the globe. We offer comprehensive business

intelligence in the form of industry reports which help our clients obtain clarity about their business

environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/

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