(EnergyIndustry.Net, October 10, 2018 ) With the rising electricity consumption all over the world, the need for the installation of transformers is propelling. Moreover continues technological advancement is witnessed in the manufacturing of transformers. The global power transformer market size is expected to reach USD 34.6 billion by 2024, growing at a compounded annual growth rate of 5.7% during the forecast period 2016-2024. Global Electric transmission & distribution market is anticipated to reach a market size of USD 312 billion by 2024. Global power transformer market segmentation has been carried out on the basis of power rating, insulation type, application, end user and geography. Based on insulation type, liquid type segment alone accounted for 70.0% market share in 2016.
In the current market scenario, the global smart grid market is fuelling up, whereas the transformers that play a key role in the collection & distribution of energy, are not accordingly smart enough. Thus the transformers manufacturers are considering the situation and focusing on manufacturing of new generation transformers for successful smart energy transmission. Further, Global power transformer industry is estimated to be dominated by the Asia Pacific with a market share of 26.0% in 2016 growing to increase investments in the energy sector & urbanization across the region.
"Power Transformer Market Analysis” contains a detailed overview of the global power transformer market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by power rating, insulation type, application and end user.
Further, for the in-depth analysis, Global Power Transformer Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market analysis report also includes competitive outlook of some of the major players profiling of companies such as ABB, Alstom, Siemens, General Electric (GE), Schneider Electric, ASEA Brown Boveri Group, Crompton Greaves Ltd., Hyundai Heavy Industries Co. Ltd., Mitsubishi Electric Corporation, Tebian Electric Apparatus, Bharat Heavy Electricals Limited, Toshiba Corporation,etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global power transformer market share along the with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities.
Key questions answered in this Global Power Transformer Report
• What is the Market Size by 2024 and the growth rate of the market?
• What is the total revenue per segment and region in 2015-16
• What are the market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the opportunities for the existing and entry-level players?
• What are the latest developments and business strategy of the key players?
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