Report forecast the global power
transformers market to grow at a CAGR of 7.16% during the period 2017-2021.
Power transformers are defined as static
devices comprising two or more windings; they use electromagnetic induction to
transform an alternating current or voltage system into a different system of
current or voltage, which has been stepped up or stepped down for the
transmission of electric power. Power generating utilities find it highly
cost-effective to generate electric power at low voltage levels.
The report covers the present scenario and
the growth prospects of the global power transformers market for 2017-2021. To
calculate the market size, the report considers new sales and excludes
retrofit/replacement/spares/ aftermarket/services market.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the
market is modernization of existing transformers. Factors such as the increase
in installation of new transformers and the replacement of old transformers
with new ones are fueling the growth of the global power transformers market.
Much of the T&D infrastructure globally needs renovation, mainly because
the existing networks are unable to meet the growth in the demand for power.
Further, the report states that one
challenge in the market is lack of effective product differentiation. The
global power transformers market is made up of several local, regional, and
international vendors that offer similar products at competitive prices.
Therefore, vendors are trying to differentiate their products by providing
transformers that minimize copper, core, hysteresis, and eddy current losses.
Global
Power Transformers Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global power
transformers market: ABB, CG, General Electric (GE), Schneider Electric, and
Siemens.
Other Prominent Vendors in the market are:
ALTRAFO, Celme, DuPont, Eaton, ELANTAS, Eremu, Fuji Electric, Hammond Power
Solutions, Hyosung Power & Industrial Systems Performance Group, Hyundai
Heavy Industries, J. Schneider Elektrotechnik, Jinpan International, Kirloskar
Electric, KOTSONS, Layer Electronics, LS Industrial Systems, Mace, MGM
Transformer Company, Mitsubishi Electric, Ormazabal, Prima Transformers,
Raychem RPG, Ruhstrat, SPX Transformer Solutions, Synergy Transformers, TBEA,
Temco, Toshiba, Vijay Power Control Systems, Virginia Transformer, Voltamp
Transformers, Xi’an XD Transformer, and YangZhou Power Electric.
Market
driver
- Modernization of existing transformers
- For a full, detailed list, view our report
Market
challenge
- Lack of effective product differentiation
- For a full, detailed list, view our report
Market
trend
- Increasing popularity of dry-type transformers
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages “Global
Power Transformers Market 2017 - 2021” report covers Executive
summary, Scope of the report, Research Methodology, Introduction, Market
landscape, Market segmentation by type of insulation, Geographical
segmentation, Decision framework, Drivers and challenges, Market trends, Vendor
landscape, Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/Udz
For related reports please visit: PowerTransformer Market Research Reports
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and Utilities Reports
at: http://www.marketresearchreports.com/energy-utilities
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