Press release
Medium Power Transformers Market 2020-2030: COVID-19 Impact, Market Share, Growth Opportunities and In-Depth Analysis | Siemens AG, ABB Group, General Electric Company, Fuji Electric Co. Ltd., Hitachi
Medium Power Transformers Market
The global medium power transformers market was worth $77.37 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.28% and reach $106.33 billion by 2023.
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The medium power transformers market consists of sales of medium power transformers. Medium power transformers are used in lowering voltages to the level required and are eligible for voltage regulations. These types of transformers are mostly used in the manufacturing and construction industries. Medium power transformers manufacturing establishments manufacture power transformers with ratings of 501 MVA to 800 MVA. The medium power transformers market is segmented into single-phase and three-phase.
Favorable government policies to increase electrification contributed to the growth of the market in the historic period. Countries around the world are implementing several initiatives to increase electrification across the countries. For example, in 2017, the government of India launched the ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ to achieve 100% electrification in the country. In 2019, the Indian government launched the ‘One Nation One Grid’, an initiative aimed at offering affordable power to all the states. These initiatives increased the market for medium power transformers in the historic period.
Medium Power Transformers Market Segmentation: -
By End User
Residential
Commercial
Industrial
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Few Points From Table Of Content
1. Executive Summary
2. Medium Power Transformers Market Characteristics
3. Medium Power Transformers Market Size And Growth
4. Medium Power Transformers Market Segmentation
5. Medium Power Transformers Market Regional And Country Analysis
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25. Medium Power Transformers Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Medium Power Transformers Market
27. Medium Power Transformers Market Trends And Strategies
28. Medium Power Transformers Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Medium Power Transformers Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Medium Power Transformers Market are Siemens AG, ABB Group, General Electric Company, Fuji Electric Co. Ltd., Hitachi, Ltd., Schneider Electric SE, Eaton Corporation PLC, Mitsubishi Electric Corporation, Jinpan International USA Ltd.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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