Power Transformer Market Industry Analysis, Business Opportunities, Outlook: Post COVID Investors Eye Bigger-Than-Expected | Key Players: Schneider Electric, ABB Transformers Ltd, Siemens, Kirlosker, SPX Transformer, Toshiba Corp., Bharat Heavy Electrical

Global Power Transformer Market Projected to Grow due to Development of Power Generation Projects

Power transformers are systems that have the ability to alter at high power levels from one voltage to another. These transformers are available in various types and applications and are used in various electronic circuits. The applications of the power transformer include the distribution and transmission of electrical power supply. These transformers are largely used by industrial plants, power plants, and traditional electric utility companies.

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With the increasing demand for energy from developed and developing countries, the electricity transmission and distribution companies need to find new ways to reduce the transmission losses along with the reduced cost. The power transformer companies need to find new ways to increase productivity along with the reduced cost, which in turn increases the adoption of high voltage transmission technologies such as EHV, UHV, and HVDC Power Transformers. Owing to the above-mentioned facts, the global market for power transformers is anticipated to grow at a significant CAGR over the forecast period.

Key Takeaways of the Power Transformer Market Study

1. By power rating, this market is split into small, medium, and large. The large power transformer segment is anticipated to witness high demand due to the increased direct-current high-voltage transmission projects in many regions of the world.

2. Based on the cooling type, this market is segmented into oil-cooled, and power-cooled. The oil-cooled segment is anticipated rapid growth owing to optimal cooling strength.

3. The global power transformer market is expected to boom in the Asia Pacific region due to the speedy industrialization, urbanization, and growing rural electrification

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Notable Development Trends to Open up New Horizons of Growth for Power Transformer Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. Jul 3, 2019 - The Nepal Electricity Authority (NEA) has decided to launch a smart system to monitor its substations and transformers across the country online. The Energy Competence Department of the Authority is installing the system at big transformers and substations of the country.

2. Nov 14, 2018 - ABB launched the world’s first dry-type (oil free) digital transformer, ABB AbilityTM TXpertTM Dry, and TXpandTM at its ABB Customer World (ACW) event in Xiamen, China.

Major points covered in the report:
1. Macroeconomic factors affecting the Power Transformer market and its potential
2. Power Transformer Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Power Transformer market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Power Transformer market, including detailed profiles of the top players in this market

Some of the major players in the Power Transformer market are Schneider Electric, ABB Transformers Ltd, Siemens, Kirlosker, SPX Transformer, Toshiba Corp., Bharat Heavy Electricals Limited, Celme, Hyundai Electric, Mitsubishi Electric, DAIHEN Corporation, Hyosung, Crompton Greaves, and General Electric.

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Market Segmentation:

By Power Rating:
• Small Power Transformer (Up to 60MVA)
• Medium Power Transformer (61 – 600MVA)
• Large Power Transformer (Above 600MVA)

By Cooling Type:
• Oil-Cooled Transformer
• Power-Cooled Transformer

By Application:
• Residential
• Commercial
• Industrial

By Region:

North America
o By Country (US, Canada, Mexico, Rest Of North America)
o By Power Rating
o By Cooling Type
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Power Rating
o By Cooling Type
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Power Rating
o By Cooling Type
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Power Rating
o By Cooling Type
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Power Rating
o By Cooling Type
o By Application

Rest of the World
o By Region (South America, Africa, Rest of the World)
o By Power Rating
o By Cooling Type
o By Application

Companies Covered: Schneider Electric, ABB Transformers Ltd, Siemens, Kirlosker, SPX Transformer, Toshiba Corp., Bharat Heavy Electricals Limited, Celme, Hyundai Electric, Mitsubishi Electric, DAIHEN Corporation, Hyosung, Crompton Greaves, and General Electric

Reasons To Buy This Report:
• Market size estimation of the power transformer market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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This release was published on openPR.