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Special Transformer Market | Excellent Growth Scope Witnessed In The World

02-12-2020 12:50 PM CET | Media & Telecommunications

Press release from: Coherent Market Insights

special transformer

special transformer

Special transformers are used for uplifting the voltage from the network to the application level so that current can be maximized. Range of special transformers includes regulating and rectifier transformers, AC arc furnace transformers, series reactors for AC arc furnaces, DC arc furnace transformers, and large drive/converter transformers. These transformers are used in various industries such as chemical, automotive, oil & gas industry, steel industries, and others.

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The Top Companies in The Special Transformer Market Are: Mitsubishi Electric Corporation, Sunten Electric Equipment Co., Ltd., Siemens Ltd., Alstom, Schneider Electric, ABB, Wolong Electric Group Co.,Ltd., Toshiba India Pvt. Ltd., TBEA India, Baoding Tianwei Group, Wuzhou Transformer Co., Ltd., and Jinan XD Special Transformer Co.,Ltd.

Key Trends:
Growth of the steel industry is one of the major factor contributing to increasing demand for special transformers. For instance, according to a report published by World Steel Organization, December 2017, 1516.0 million tons of steel was produced in 2016 and it increased to 1587.4 million tons in 2017 worldwide. The steel industry uses special transformers that facilitate appropriate supply of current across a wide range of applications, either via on-load or off-load regulation, resulting in process optimization.

Segment Trends:
Among product type, the phase shifting transformer is expected to grow with highest CAGR over the forecast period. Phase-Shifting Transformers (PST) help in protection of lines and transformers from thermal overload, which further helps in improving the stability of transmission system. Furthermore, PST controls flow of power between different networks, for parallel long distance overhead-lines or for parallel cables. Such characteristics of PST optimize energy loss in the electrical system.

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Global Special Transformer Market: Taxonomy
By Product Type
-Electric Furnace Transformer
-Rectifier Transformer
-Capacitive Transformer
-Phase Shifting Transformer

By Applications
-Rectification Equipment
-Welding Equipment
-Electric Furnace Power Supply
-Current Transformer

Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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