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Power Transformer Market Size, Status, Share, Development and Forecast 2027

02-22-2021 09:29 AM CET | Energy & Environment

Press release from: HTF Market Intelligence Consulting Pvt. Ltd.

Power Transformer Market

Power Transformer Market

A new research document is added in HTF MI database of 200 pages, titled as 'Global Power Transformer Market Size study, By Type (Core, Shell) Application (Generation Step-up, Transmission) By Voltage (100-200kV, 200-400 kV, Above 400 kV) By End Use (Residential & Commercial, Utilities, Industrial) and Regional Forecasts 2020-2027' with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention. The identification of hot and emerging players is completed by profiling 50+ Industry players; some of the profiled players are Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., EMCO Ltd., General Electric Company, Hitachi Ltd., Kirloskar Electric Co. Ltd., Schneider Electric SE, Siemens AG, TBEA Co. Ltd., Toshiba Corporation. The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during forecast year 2021-2026

Access sample report @ https://www.htfmarketreport.com/sample-report/3081587-global-power-transformer-market-size-study-by-type

Summary
Global Power Transformer Market is valued approximately at USD 27.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.9% over the forecast period 2020-2027. Power transformer is a type of transformer used primarily to collect electric power from the low voltage generator and transmit it via the power grid network through distribution channels. It forms a core part of the power grid and helps to transmit power from one network to the other without frequency changes. In the transmission of electricity, power transformers play a vital function. Further, factors responsible for the growth of the global power transformer market are the growing consumption of energy, the increasing emphasis on renewable electricity generation, the introduction of smart grids and smart transformers, and the replacement of existing aging power transformers. As the energy sector is a key indicator of economic development, countries are investing in improving their energy infrastructure and meeting the rising demand for electricity. Also, as per Center for strategic and International Studies, The China's National Energy Administration (NEA) and the National Development and Reform Commission (NDRC) are also planning to spend more than $360 billion on developing renewable energy and creating 13 million jobs in the sector by 2020. Investments involve new projects for the power grid that incorporate electricity generated by renewable energy into the main grid. Rise in the production of renewable energy, such as hydro, wind, and solar, are major drivers of the global power transformer market. For Instance It is also anticipated that moving towards the need for safe and reliable electricity, coupled with rapid urbanization and investment in new power grids and renewable energy, high demand for electricity and the replacement of old units, especially in developing countries such as India and China, would contribute to the growth of the power transformer market. However, compared to traditional distribution transformers, power transformers are costly impedes the growth of the market over the forecast period of 2020-2027. Also, the industrial group involves the adoption of these transformers in captive power plants and for power generation in manufacturing industries would create Opportunity for Power Transformer market.

The regional analysis of global Power Transformer market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to rising government spending and efforts to develop the power infrastructure & capabilities, demand for power transformers is expected to boost in the region. In the future, MEA will also experience moderate growth. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Refurbishment demand for existing grid infrastructure and rising infrastructural spending would create lucrative growth prospects for the Power Transformer market across the region.

Major market player included in this report are:
Bharat Heavy Electricals Ltd.
CG Power and Industrial Solutions Ltd.
EMCO Ltd.
General Electric Company
Hitachi Ltd.
Kirloskar Electric Co. Ltd.
Schneider Electric SE
Siemens AG
TBEA Co. Ltd.
Toshiba Corporation.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Core
Shell

By Application:
Generation Step-up
Transmission
By Voltage:
100-200kV
200-400 kV
Above 400 kV
By End Use:
Residential & Commercial
Utilities
Industrial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Power Transformer Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Get Customization in the Report, Enquire Now @ https://www.htfmarketreport.com/enquiry-before-buy/3081587-global-power-transformer-market-size-study-by-type

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Power Transformer Market, by Region, 2018-2027 (USD Billion)
1.2.2. Power Transformer Market, by Type, 2018-2027 (USD Billion)
1.2.3. Power Transformer Market, by Application, 2018-2027 (USD Billion)
1.2.4. Power Transformer Market, by Voltage, 2018-2027 (USD Billion)
1.2.5. Power Transformer Market, by End Use, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Power Transformer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Power Transformer Market Dynamics
3.1. Power Transformer Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Power Transformer Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry

....Continued

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/3081587-global-power-transformer-market-size-study-by-type

It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

Purchase Single User License of this report at @ https://www.htfmarketreport.com/buy-now?format=1&report=3081587

Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
Sales@Htfmarketreport.Com
Connect With Us At Linkedin | Facebook | Twitter

About Author:
Htf Market Report Is A Wholly Owned Brand Of Htf Market Intelligence Consulting Private Limited. Htf Market Report Global Research And Market Intelligence Consulting Organization Is Uniquely Positioned To Not Only Identify Growth Opportunities But To Also Empower And Inspire You To Create Visionary Growth Strategies For Futures, Enabled By Our Extraordinary Depth And Breadth Of Thought Leadership, Research, Tools, Events And Experience That Assist You For Making Goals Into A Reality. Our Understanding Of The Interplay Between Industry Convergence, Mega Trends, Technologies And Market Trends Provides Our Clients With New Business Models And Expansion Opportunities. We Are Focused On Identifying The “Accurate Forecast” In Every Industry We Cover So Our Clients Can Reap The Benefits Of Being Early Market Entrants And Can Accomplish Their “Goals & Objectives”.

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