Power Transformer Market 2018 Global Industry Size, Competitive Analysis, Revenue, Statistics, Trends and Forecast to 2023

Power Transformer Worldwide Market Leading Key Players:-

ABB Ltd., (Switzerland), Schneider Electric (France), Siemens AG (Germany), Crompton Greaves Ltd. (India), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Bharat Heavy Electricals Limited (India), Hyosung Power & Industrial Solutions (South Korea) and SPX Transformer Solutions, Inc. (U.S.), SGB-SMIT Group (Germany), and Hyundai Electric & Energy Systems Co., Ltd. (South Korea). are some of the key vendors operating in the market.

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Gobal Industry Highlights:-

The global power transformer market is touted to experience a stellar 8.64% CAGR during the assessment period (2018-2023), as per an in-depth market report by Market Research Future (MRFR). Power transformers are a reliable source of energy backup for power and utility sectors. It can contribute to reduction of energy emissions in several sectors. Furthermore, they can support the use of generators and grids.

Market Segmentation Overview:

The segments and sub-segments covered in the report are analyzed with respect to four major regions – North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW), with respective country-level market sizing. The definition and advantages of the product “power transformer” is outlined in the report for a comprehensive understanding of the market. The report discusses the various players involved in the value chain and their contributions to evaluate future opportunities within the market.
By cooling type, the power transformer market is segmented into oil-cooled and power-cooled. Both of these mentioned transformers can transmit power over large distances. By power ratings, the market caters to small power, medium power, and large power. Among these, small range have the capacity in the range of 100-500 mega volt amps (MVA). Similarly, the medium range power transformers have a capacity between the ranges of 500-800 MVA and large range possesses above 800 MVA potential.

Regional Outlook:-

The regional segments of global power transformer market are North America, Europe, Asia Pacific (APAC) and the Rest-of-the-World (RoW).
The North America market is expanding strikingly on account of presence of well-established market players such as Siemens, Alstom Grid, and others. Infrastructure development lays a strong foundation for the market growth as well. For instance, Hyundai Power Transformers recently expanded its Alabama plant of USD 33 million that currently employs 300 people and has an annual production rate of 80 units of power transformers.The market in Europe is set to surge at a striking rate during the review period due to replacement of aging infrastructure along with increasing rate of installation of green transformers. There are several small and medium power transformer projects that present a positive outlook of the market in the region.

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Analysis Period:-
• Base Year - 2017
• Projection Period - From 2018 to 2023
• Market Denomination - USD Million
• Conversion Rate - Considered as per the respective financial years

For the scope of research, the report offers a comprehensive analysis of the global power transformer market.

Cooling Type
• Oil-cooled Transformer
• Power-cooled Transformer

Power Rating
• Small Power
• Medium Power
• Large Power

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