Power Transformer Market to Experience Significant Growth by 2030

0
0

Description

Power Transformer Market: Segmented by Rating (Small Power Transformer (100-500 MVA), Medium Power Transformer (500-800 MVA), Large Power Transformer (more than 800 MVA)), by Cooling Method Type (Oil-Cooled, Air-Cooled), by Core (Closed, Shell, Berry), by Winding (Two Winding, Auto-Transformer), by Phase (Single Phase, 3–Phase), by Application (Residential & Commercial, Utility, Industrial), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)

Power transformer market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report’s study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the power transformer market.

Power Transformer Industry Outlook

The global power transformer market size was valued at USD 30.12 billion in 2020 and is expected to reach USD 48.12 billion in 2027, at a CAGR of 7.80%, during the forecast period, 2021-2027. The development of Shell Power Transformer is gaining momentum across the globe, aided by a wide variety of low-voltage applications. Moreover, due to the rapidly evolving distribution and generation of electricity, the trend of smart power transformers is increasing. Smart power transformers are expected to expand to disaster-recovery consequences, redefining electrical grids and creating distribution systems capable of handling a massive influx of stored and renewable energy. Over the forecast period, these factors will augment the global power transformer market.

Get Full PDF Sample Copy of Report:  https://www.marketstatsville.com/request-sample/power-transformer-market

Factors Affecting the Power Transformer Market over the Forecast Period

The growing knowledge, awareness, and deployment of renewable energy are the key driver of the global power transformer market.

High demand and rising initiatives for smart grid development and governments investing in replacing aging grid infrastructure are boosting the market growth.

In the global power transformer market, implementing green transformer and HVDC transmission methods for long-distance transmission creates numerous opportunities. Moreover, expanding cross-border trade in electricity would also tend to expand the global market growth.

The high initial cost is the key factor hampering the market growth

  • The key restraining factors for the global power transformer market are high initial costs and longer construction time.
  • Lack of standardization and complex architecture is also hampering market growth.
  • The inability to upgrade an aging infrastructure impedes the growth of the market.
  • For the global power transformer market, delays in Grid expansion projects and economic slowdown pose numerous challenges.

Impact of COVID-19 on Power Transformer Market:

The global power transformer market has been affected by the COVID-19 pandemic, and several companies and firms have been temporarily shut, leading to a significant slowdown in production. COVID-19 influences the global economy in three primary ways: influencing production and consumption, disturbing supply chain and market, and its financial effect on companies. Using AI can help minimize operational costs, and at the same time, can improve customer satisfaction during the renewal process, claims, and other services.

Make an Enquire before Purchase @: https://www.marketstatsville.com/buy-now/power-transformer-market?opt=2950

Scope of the Report

The report outlines the global power transformer market based on rating, type of cooling method, core type, winding, phase, and application.

Based on the rating, the power transformer market has been segmented into –

  • Small Power Transformer (100-500 MVA)
  • Medium Power Transformer (500-800 MVA)
  • Large Power Transformer (more than 800 MVA)

Based on the cooling method type, the power transformer market has been segmented into –

  • Oil-Cooled Power Transformer
  • Air-Cooled Power Transformer

Based on the core type, the power transformer market has been segmented into –

  • Closed Power Transformer
  • Shell Power Transformer
  • Berry Power Transformer

Based on the winding, the power transformer market has been segmented into –

  • Two Winding
  • Auto-Transformer

Based on the phase, the power transformer market has been segmented into –

  • Single-phase
  • 3 – phase

Based on the application, the power transformer market has been segmented into –

  • Residential & Commercial
    • Hotels
    • Hospitals
    • Apartments
  • Utility
  • Industrial
    • Railways
    • Cement
    • Power distribution
    • Oil & gas
  • Others

Power Transformer Market: Regional Outlook

The global power transformer market has been segmented into five geographical regions: North America, Asia Pacific, South America, Europe, the Middle East, and Africa. In 2020, Asia Pacific had the largest share in the global power transformer market, followed by Europe and North America. The market is being expanded by recent innovations and improvements to the aging power infrastructure in the Asia Pacific region. Furthermore, Asia Pacific is the fastest-growing market and is anticipated to project the highest CAGR in the global market over the forecast period.

Request for Complete TOC and Figures & Graphs @ https://www.marketstatsville.com/table-of-content/power-transformer-market

Key Global Power Transformer Market Competitors Includes –

The global power transformer market is highly fragmented, with a large number of players across the globe. The key players operating in the global Power Transformers market include –

  • ABB Limited
  • SPX Transformer Solutions Incorporated
  • Celme
  • Kirloskar Electric Co. Ltd.
  • Hyosung Power & Industrial Systems PG
  • Bharat Heavy Electricals Limited (BHEL)
  • Daihen Corporation
  • General Electric Company
  • Siemens AG
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • Toshiba Corporation
  • CG Power and Industrial Solutions Limited
  • Hyundai Electric & Energy Systems Corporate Limited
  • Hammond Power Solutions, Inc
  • Voltamp Transformers Limited.

The power transformer market report provides a thorough analysis of macro-economic factors and the market attractiveness of every segment. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players in the respective segment and region/country. The information concluded in the report includes the inputs.

Power Transformer Market Report Covers Comprehensive Analysis On:

  • Market Segmentation & Regional Analysis
  • Market Size of 10 years
  • Pricing Analysis
  • Supply & Demand Analysis
  • Product Life Cycle Analysis
  • Porter’s Five Forces & Value Chain Analysis
  • Developed & Emerging Economies Analysis
  • PEST Analysis
  • Market and Forecast Factor Analysis
  • Market Opportunities, Risks, & Trends
  • Conclusion & Recommendation
  • Regulatory Landscape
  • Patent Analysis
  • Competition Landscape
  • 15+ Company Profiles

Power Transformer Market Regional Analysis Includes:

  • North America (US, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA

Request For Report Description @ https://www.marketstatsville.com/power-transformer-market

Power Transformer Market: Target Audience

  • Power Transformer manufacturers
  • Surgical equipment and personal protective equipment manufacturers
  • Healthcare manufacturers, distributors, and suppliers
  • Trade publications and magazines
  • Government authorities, associations, and organizations

About US:

Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.

We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.

Contact US: Market Statsville Group

Eric Martin

416, East standsberry street,

Perkins, Oklahoma 74059, US

USA: +1-580-205-2707 | India: +91-702-496-8807

Email: mailto:sales@marketstatsville.com
MSG Blog https://marketstatsvilleblogs.com/
Web: https://marketstatsville.com/
LinkedIn | Facebook | Twitter

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.