Medium Voltage Transformer Market expand at a CAGR of ~5% During the Projected Period of 2019-2029.

The report covers the latest trends, key success factors, market influencing factors, key information, forecasting factors, macroeconomics factors, and past market scenario. The report analyzes the medium voltage transformer market and provides critical insights for the forecast period of 2019-2029. The global medium voltage transformer market size is estimated to reach ~US$ 10 Bn in 2019, and expand at a CAGR of ~5% during the projected period of 2019-2029.

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1. The global medium voltage transformer market size in 2019 is set to reach ~US$ 10
2. The medium voltage transformer market is anticipated to grow at a CAGR of ~4% during the forecast period of 2019-2029.
3. APEJ is projected to be an opportunistic market for the medium voltage transformer market by the end of 2029.
o The APEJ market is predicted to be one of the most profitable markets for medium voltage transformers, owing to the increasing government investments on electricity production. As the population of APEJ is increasing rapidly, the region is expected to create higher demand for electricity. Hence, various governments are planning to increase the capacities of their power generation plants. Capacity expansion of these power plants will lead to high demand for medium voltage transformers for transmission and distribution, which, in turn, will drive the regional market growth.
4. Oil immersed medium voltage transformer is expected to remain the most preferred product among the end-use industries.
5. Growing industrial application of medium voltage transformers is expected to create incremental $ opportunity of ~US$ 3 Bn over the forecast period.

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Medium Voltage Transformer Market Structure Analysis
• The global medium voltage transformer market is a moderately consolidated market.
• Medium voltage transformer market players are focusing on expansion of business through collaborations, mergers, acquisitions, and alliances. Key market players are focusing on strategies such as adoption of new technologies to develop innovative products and further enlargement of distribution channels, which will help increase sales of medium voltage transformers. For instance, ABB Group announced the acquisition of GE’s global electrification solutions business. Also, Siemens AG signed a joint venture agreement with Valeo, a Germany-based company that manufactures high voltage powertrains.
• Increasing investments in research and development for transformer products are projected to boost the growth prospects of the medium voltage transformer market.
o Major players in the medium voltage transformer 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., CG Power & Industrial Solutions Ltd., Fortune Electric Co., Ltd., Schaffner Holding AG, Hammond Power Solutions Inc., Kirloskar Electric Company, MGM Transformer Company, and Amran Inc., among others.

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By segmentation:
Rating
• 1,200 kVA
• 1,500 kVA
• 2,000 kVA
• 2,500 kVA
Product Type
• Dry
• Oil Immersed
• VPI
Configuration
• Single Phase
• Three Phase
Application
• Building Establishment
• Residential
• Commercial
• Civil Infrastructure
• Industrial
• IT – Data & Server Centers
Region
• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA

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