Power Transformer Market 2024 Top Key Player GE, ABB, Schneider Electric, Siemens, Crompton Greaves, Mitsubishi Electric, Hyosung

The Power Transformer market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.

Power transformer market size will exceed USD 35 billion by 2024, as reported in the latest study.

Ongoing expansion of utility aided transmission & distribution networks to sustain the growing energy demand across the globe will drive the power transformer market size. Rising investments to refurbish the existing grid infrastructure across developed regions further proliferate the product penetration. In addition, increasing demand for rural electrification coupled with favorable regulatory framework across emerging electricity market will further complement the business outlook.

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China power transformer market is set to surpass 2,500 annual installation by 2024. Favorable government reforms subject to the establishment of a sustainable electricity infrastructure will positively influence the business growth. Rapid industrial expansion across the nation to cater volume manufacturing practices by industry participants will positively stimulate the product demand.

Stringent energy efficiency compliance coupled with advancing smart transformer technologies will substantially augment the power transformer market growth. Ongoing auxiliary capacity addition across the globe with an aim to integrate a sustainable energy mix will boost the product penetration. Perpetual electrification programs subject to large scale renewable addition along with rapid expansion of utility based high tension electricity networks will further complement the industry outlook.

The U.S. power transformer market will grow owing to ongoing investments toward refurbishment of existing electricity infrastructure. Expeditious expansion of infrastructure projects under the peninsula electrification program will fuel the product demand. In 2017, regulators across the U.S. proposed a funding worth USD 100 million to strengthen electricity infrastructure across the rail networks in California.

Middle East & Africa power transformer market is set to witness sheer progression in line with ongoing deployment of decentralized generation units coupled with rapid expansion of micro-grid networks. Escalating infrastructural investments from institutions including the International Finance Corporation, and African Development Bank (ADB), across the region will positively impact the business landscape. In 2017, ADB declared investments over USD 12 billion to sustain the soaring electricity demand across Africa.

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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. Power transformer industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Core trends
2.1.3. Winding trends
2.1.4. Installation trends
2.1.5. Cooling trends
2.1.6. Insulation trends
2.1.7. Phase trends
2.1.8. Rating trends
2.1.9. Mounting trends
2.1.10. Application trends
2.1.11. Regional trends

Chapter 3. Power 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 landscape
3.4.1. Electrical Transformers
3.5. Price trend analysis
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 (Transformer)
3.10. Transformer capital investment landscape

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