Transformer Manufacturing Market Latest Advancement and Growing Business Opportunity 2020
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Top Key Players Profiled in This Report:
General Electric Corporation, ABB Ltd, Schneider Electric S A, Mitsubishi Electric Corporation, Toshiba Corporation
Asia Pacific was the largest region in the transformer manufacturing market in 2017, accounting for 45% market share. This can be attributed to high demand for industrial transformers from a large manufacturing base in China and India. North America was the second largest region accounting for 22% market share. Middle East was the lowest region accounting for 2% market share.
The transformers manufacturing market consists of establishments engaged in the manufacturing of power, distribution and specialty transformers. Electrical transformers are static electrical devices that transform electrical power from one circuit to another circuit without changing the frequency. Transformers increase or decrease voltage and current level Increase or decrease capacitor value, prevent direct current from passing between two circuits and isolate circuits. Power lines and distribution transformers are used to increase or decrease voltages. Industrial and household transformers differ in terms of voltage such as step up and step down transformers. Some equipment manufactured by these establishments in this industry include fluorescent ballasts, distribution transformers, substation transformers, transmission and distribution voltage regulators and electric power distribution.
The transformer manufacturing market in this report is segmented into low rated transformers, medium rated transformers and high rated transformers.
Manufacturers are employing robots to complement workers on the factory floor to increase productivity. Major companies are using robots to aid factory workers at the shop floor for faster and safer transformer assembly. This concept is called cobotics. Robots perform operations such as bending metals into sections to form tanks, moving steel sheets and welding. For instance, ABB transformer manufacturing unit in Athens, Georgia, USA uses seven robots to automate transformer manufacturing. Robotics technology in this plant reduces labor costs by half, cycle times by 90% and manufacturing floor space by 60%.
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Scope of the Report:
Markets Covered: Low (100 MVA to 500 MVA); Medium (501 MVA to 800 MVA); High (801 MVA to 1200 MVA)
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP, Expenditure Per Capita, The Transformer Manufacturing Indicators Comparison.
An aim of the international market is as follows:
-To present Transformer Manufacturing Market insight over the globe.
-To evaluate and forecast the Transformer Manufacturing Market on the basis of different segments.
-To serves market size and forecast up to 2021 for complete Transformer Manufacturing Market related to major regions.
-To provide extensive PEST study for all Transformer Manufacturing Market regions mentioned in the report.
-To outlines major Transformer Manufacturing Market players regulating the industry together with their SWOT analysis and Transformer Manufacturing Market policies.
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This research report represents a 360-degree overview of the competitive landscape of the Global Transformer Manufacturing Market. Furthermore, it offers massive data relating to recent trends, technological advancements, tools, and methodologies. The research report analyzes the Global Transformer Manufacturing Market in a detailed and concise manner for better insights into the businesses. Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Transformer Manufacturing Market. The feasibility of the new report is also measured in this research report.
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Irfan Tamboli (Sales)
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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