The global power transformers market size was valued at $27.7 billion in 2019, and is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020-2027
By using electromagnetic induction, the power transformer functions as an electric device that moves energy between two or more circuits. Before sending electrical energy via cables from one location to another, power transformers are used to raise or lower the voltage. Step-up transformers raise the voltage of electrical power, allowing efficient distribution and cost-effective transmission by preventing heat loss.
Power transformers have influenced the electrical energy supply sector as a result, enabling generations to be dispersed from centres of demand. Global demand for power transformers is being driven by several important factors, including an increase in electrical energy demand brought on by growing nations, large power plant capabilities, and economic expansion.
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The electricity transmission and distribution firms need to find new solutions to lower the transmission losses along with the reduced cost due to the rising demand for energy from developed and emerging nations. The use of high voltage transmission technologies like EHV, UHV, and HVDC Power Transformers will expand if the power transformer manufacturers can find new ways to boost productivity while lowering costs. The aforementioned factors will likely cause the global market for power transformers to expand significantly over the course of the projected period.
The Power Transformers market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Power Transformers market. On the basis of historic growth analysis and current scenario of Power Transformers market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Power Transformers market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Power Transformers market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Power Transformers market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Market Segmentation
Global Power Transformers Market: Major Players
Altro Transformers
Southern Electronic Services
Wilson Transformer Company
ABB
Tyree Industries
Schneider Electric
ETEL Transformers Pty Ltd
Types
Low (100 MVA to 500 MVA)
Medium (501 MVA to 800 MVA)
High (801 MVA to 1200 MVA)
Applications
Industrial
Commercial
Public system
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Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Power Transformers market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Highlights from the Report
A detailed example of the parent market
changes to the market’s dynamics
Target market segmentation in great detail
Using volume and value, historical, present, and projected market sizes are provided.
current trends and advancements in the industry
Competitive environment Strategies used by market participants and product developments
Potential and niche markets are examined regionally.
unbiased evaluation of market performance
For market participants to increase and maintain their competitiveness, current and essential intelligence is a necessity.
Key Points:
Define, describe and forecast Power Transformers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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