Transformer Market to Witness Huge Growth by 2024 | Leading Key Players: General Electric, ABB, EATON, Siemens, Schneider Electric, Crompton Greaves, Mitsubishi Electric, Hyundai Electric

The newly released research at Market Study Report titled “2017-2024 Global Transformer Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Transformer Market will exceed USD 70 billion by 2024, as reported in the latest study.

Rising security of supply concerns along with global inclination towards energy conservation will foster the transformer market . Energy efficiency propositions favored by expeditious expansion of smart-grid networks will further stimulate the product penetration. In 2017, Sweden, Italy, UK, Germany and France, entered a smart grid agreement. The concord lays investment provisions worth USD 133.7 billion to cater the expansion of smart grid technologies across Europe.

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Increasing infrastructural expenditure subject to widespread residential and commercial establishments across developing regions will stimulate the transformer market share. Rising demand for the refurbishment of grid infrastructure coupled with rapid adoption of smart transmission & distribution equipment will further complement the industry outlook. In 2017, East Spring Investments, proposed an investment worth USD 500 million towards the structuring of infrastructure debt across developing economies.

he U.S. transformer market will witness sustainable growth owing to rising investments toward the replacement and upgradation of conventional grid networks across the nation. Expeditious expansion of rail-road infrastructure propositions backed by the peninsula corridor electrification program will positively influence the product demand. In 2017, the U.S. Federal Transit Administration allocated funds over USD 100 million to reinforce the expansion of electrical networks to cater the rail infrastructure in California.

Middle East & Africa transformer market is projected to witness steep progression subject to the rapid expansion of micro-grid networks coupled with the ongoing adoption of decentralized generation technologies. Soaring investments from financial institutions including the African Development Bank (ADB), and the International Finance Corporation (IFC), toward electrification across the nation will further nourish the business landscape. In 2017, The African Development Bank proposed investments worth USD 12 billion to cater the soaring power sector across Africa.

Notable participants in the transformer market include General Electric, ABB, EATON, Siemens, Schneider Electric, Crompton Greaves, Mitsubishi Electric, Hyundai Electric, Hyosung, Toshiba Corp., Daihen, BHEL, Kirloskar, SPX Transformer, Ormazabal, Ruhstrat, and Celme.

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Table of Content:

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary
2.1. Transformer industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Core trends
2.1.3. Product trends
2.1.4. Winding trends
2.1.5. Installation trends
2.1.6. Cooling trends
2.1.7. Insulation trends
2.1.8. Phase trends
2.1.9. Rating trends
2.1.10. Mounting trends
2.1.11. Application trends
2.1.12. Regional trends

Chapter 3. Transformer Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Import and export landscap
3.4.1. Electrical Transformers
3.5. Price trend analysis
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Middle East & Africa
3.5.5. Latin America
3.6. Innovation and technology landscape
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.7.4. India
3.8. Historic trends
3.9. Life cycle cost analysis
3.10. Capital investment landscape
3.10.1. No maintenance
3.10.2. Light maintenance

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