Press release
Power Transformers Market 2023 Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast by 2028 | Top Key Players Covers: Hitachi ABB Power Grids, TBEA, Siemens, China XD Group, SGB-SMIT And Others
Power transformers are electrical devices used to transfer electrical energy between two or more circuits through electromagnetic induction. They are used to either step-up or step-down the voltage of alternating current (AC) power.
A power transformer typically consists of two or more coils of wire wrapped around a common magnetic core. One of the coils, known as the primary winding, is connected to the input voltage source, while the other coil, known as the secondary winding, is connected to the output load.
What is the growth of Power Transformers Market?
The Global Power Transformers Market Size was estimated at USD 877.56 million in 2021 and is projected to reach USD 1234.65 million by 2028, exhibiting a CAGR of 5.00% during the forecast period.
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Attractive Opportunities In the Power Transformers Market:
-Increasing demand for renewable energy: The shift towards renewable energy sources such as wind and solar is expected to drive the demand for power transformers. These sources require transformers to step up or step down the voltage before being integrated into the power grid.
-Modernization of existing infrastructure: Aging power transformers require replacement, and the modernization of existing infrastructure provides an opportunity for new players to enter the market.
Power Transformers Market - Competitive Analysis:
Who are the Leading Key Players Operating In this Market?
Prominent Companies to Establish Various Corporate Strategies to Aid in Global Expansion. These players are focusing on strategic collaborations and partnerships to expand their market presence and strengthen their product portfolio.
Key Company
-Hitachi ABB Power Grids
-TBEA
-Siemens
-China XD Group
-SGB-SMIT
-Mitsubishi Electric Group
-Baoding Tianwei Group Tebian ElectricCo., Ltd
-Jiangsu Huapeng Group Co., Ltd.
-Toshiba
-Shandong Electrical Engineering and Equipment Group Co., Ltd
-GE
-SPX
-Wujiang Transformer Co., Ltd.
-Nanjing Liye Power Transformer Co., Ltd.
-Shandong Taikai Transformer Co., Ltd.
-Crompton Greaves
-Hyosung
-Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd
-Shandong Dachi Electric Co., Ltd
-ZTR
-Weg
-Hyundai Electric
-CHINT
-Harbin Special Transformer Factory Co., Ltd.
-Schneider Electric
-Sanbian Sci-Tech Co., Ltd.
-Hangzhou Qiantang Riever Electric Group Co., Ltd.
-Alstom
-Efacec
-Fuji Electric
When an AC voltage is applied to the primary winding, it creates a magnetic field in the core that induces a voltage in the secondary winding. The ratio of the number of turns in the primary winding to the number of turns in the secondary winding determines the voltage ratio of the transformer.
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Segmentation:
The report focuses on studying the Power Transformers market on the basis of segments by manufacturers, by type, by application, by region and country. It also offers information about market size (value, volume, sales and revenue) and CAGR for the historical period (2017-2020) and forecast period (2022-2028), considering 2021 as the base year.
Market Segmentation (by Type)
-Dry-Type Transformer
-Oil-Immersed Transformer
Market Segmentation (by Application)
-35-110KV
-110-220KV
-220-330KV
-330-550KV
-550-750KV
Power transformers are used in a variety of applications, including power generation, transmission, and distribution, as well as in industrial and commercial power systems. They are designed to operate with high efficiency and reliability, and can handle large amounts of power at high voltages and currents.
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Which region is dominating the Power Transformers market growth?
North America: The North American power transformer market is expected to grow due to increased investments in transmission and distribution infrastructure, and the adoption of renewable energy sources. The United States and Canada are the major markets in this region.
Why Purchase the Report?
-The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
-Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
-Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
-The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
-Understand the current market scenario and viability of the global market over the forecast period.
Some of the key questions answered in this report:
-What are sales, revenue, and price analysis of top manufacturers of the market?
-What would be the upcoming Power Transformers market behavior forecast with trends, challenges, and drivers for development?
-Which product and application will take a share of the Power Transformers market?
-What will happen in the coming existing and emerging markets?
-What will be the CAGR and size of the Power
Transformers market throughout the forecast period?
Detailed TOC of Power Transformers Market: https://www.extrapolate.com/toc/energy-and-power/power-transformers-market-report/41058
TABLE OF CONTENTS:
Chapter 1: Power Transformers Market Overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production Capacity by Region
Chapter 4: Power Transformers Consumption by Region
Chapter 5: Segment by Type
Chapter 6: Segment by Application
Chapter 7: Key Companies Profiled
Chapter 8: Power Transformers Manufacturing Cost Analysis
Chapter 9: Marketing Channel, Distributors and Customers
Chapter 10: Market Dyanamics
Chapter 11: Production and Supply Forecast
Chapter 12: Consumption and Demand Forecast
Chapter 13: Forecast by Type and by Application (2023-2028)
Chapter 14: Research Finding and Conclusion
Chapter 15: Methodology and Data Source
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Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports.
In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets - not merely respond to them. Extrapolate helps clients develop market perspectives that drive success.
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