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Latest Research Says Power Transformer Market Reach To $29.91 Billion By 2020

By Author: Akshay
Total Articles: 138

The report “Power Transformer Market by Rating (Small Power Transformer (Up to 60MVA), Medium Power Transformer (61 – 600MVA), Large Power Transformer (Above 600MVA)), by Type of Cooling Method (Oil-Cooled and Air-Cooled), & Region - Global Trends & Forecasts to 2020” defines and segments the power transformer market with analysis and forecast of the global T&D revenue. It also identifies the driving and restraining factors of the power transformer market, with an analysis of trends, opportunities, burning issues, and winning imperatives.
The report covers major market players such as ABB (Switzerland), Siemens (Germany), Crompton Greaves (India), and General Electric (U.S.) among others. These companies together occupy about half of the power transformer market.
Get Sample Copy of Report @ https://www.marketsandmarkets.com/requestsample.asp?id=128022787
Scope of the report
On the basis of rating
• Small Power Transformer (Up to 60MVA)
• Medium Power Transformer (61 - 600MVA)
• Large Power Transformer (Above 600MVA)
On the basis of type of cooling method
• Oil-Cooled
• Air-Cooled
On the basis of Region
• North America
• South America
• Asia-Pacific
• Middle East
• Europe
• Africa
Browse 67 market data tables with 38 figures across 157 pages and in-depth TOC on “Power Transformer Market - Global Trends & Forecasts to 2020"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=128022787
Power transformer market is projected to reach a value of USD 29.91 Billion by 2020, from an estimated USD 20.71 Billion in 2015, at a CAGR of 7.6% from 2015 to 2020. Increasing energy demand coupled with rising electrical infrastructure projects would drive the demand for power transformers. Apart from this, the replacement of aging infrastructure in North America & Europe and increasing rate of installation of green transformers are driving the power transformer market.
Although the market size of the medium power transformer segment is large, yet the growth of the large power transformer segment is higher. This is due to the increase in HVDC transmission projects mainly in the Asia-Pacific region. HVDC, EHV, and UHV projects being undertaken for reducing transmission losses during transmission over large distances is the major growth driver of the large power transformer market.
Browse Full Report Here: https://www.marketsandmarkets.com/Market-Reports/power-transformers-market-128022787.html
Oil-Cooled power transformers dominate the power transformers market
The oil-cooled power transformer segment occupies a larger market size, as it is considered a safer option while handling high voltages. And, with increasing number of high voltage transmission projects being undertaken, the demand for oil-cooled power transformers is expected to be higher than air-cooled power transformers.
Asia-Pacific: the largest market for power transformers
The power transformer market is driven by increasing global energy consumption; to fulfill this, new T&D lines are being installed. Moreover, investments being made by governments in electrical infrastructure projects have also gone up, further aiding in the growth of the power transformer market. Asia-Pacific is the largest market for power transformers, and its demand in the region is mainly driven by extensive T&D network expansion projects in developing countries such as India and China.
The size of the overall market has been determined by forecasting techniques based on the power transformer demand in different regions, which has been validated through primary sources. The market data is available from 2013 to 2020 with CAGR from 2015 to 2020. This report analyzes various marketing trends and establishes the most effective growth strategy.
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

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