Three Phase Transformer Market - Powertronix Corporation,Mitsubishi Corporation ,Siemens AG Among The Top Key Players
The market is primarily driven by the need of price effective solutions in the power industries. As the three phase transformers are more economical compared to single phase transformers, by installing these transformers in power applications substantial cost reduction is possible to achieve. Moreover, increasing power demand from power and industrial sectors is fuelling the demand of investment in the three phase transformers market globally. Higher efficiency and easy assembling is bolstering the demand of this market.
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The major restraining factors of three phase transformer market are huge price of standby units. Moreover, the cost of spare parts for three phase transformers is higher compared to that of single phase transformers.
Technological innovations are likely to act as one of the major opportunities in the three phase transformers market. Introduction of magnetic material is likely to increase the power efficiency in three phase transformers. Implementation of thermodynamic principle incorporated with the electrical transformers allows overcoming the high temperature failures.
The market is bifurcated in to two segments based on construction methods which are single core and two cores. The construction method is further segregated based on design as asymmetrical design and symmetrical design. By keeping voltage magnitude constant, symmetrical design changes the phase shift angle, to influence the power flow. Asymmetrical design changes both the phase shift and the voltage magnitude so as to modify the reactive power flow. Moreover, the market is segmented based on connection types that includes star and delta connections. Based on construction the market is bifurcated in to core type and shell type. The market is again segregated based on geography that includes North America, Europe, Asia Pacific Middle East and Africa (MEA) and Latin America.
Developing countries like India, China, South-Africa, Brazil and Russia are expected to be lucrative market for three phase transformers. Enormous investments planned in upcoming projects and transmission sector in these regions are expected to offer a major market for progress of three phase transformers. Huge investments in power infrastructure projects and transmission sectors are planned in Asia Pacific region. Moreover, India is likely to be a major market for development of three phase transformer during the forecast period. Japan and China have invested huge amounts in developing this market. Africa and Latin America is also expected to fuel the investments in power sectors that additionally increase investment in three phase transformer market. Different power infrastructure projects are designed in these regions which is boosting the growth of three phase transformers. Distribution infrastructure and Power transmission is also growing in the regions of Middle East. Countries like Kuwait is also expected to offer greater opportunities in the three phase transformer market during the forecast period.
The key players in three phase transformer market are Eaton Corporation Plc., Powertronix Corporation, SNC Manufacturing Co, Inc., Mitsubishi Corporation, Delta Transformers Pvt. Ltd., Hitachi Corporation, Areva SA, Siemens AG, Moloney Electric Inc. and Estel Company Limited among others.
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