Global Power Transformer Market is Expected to Grow at a CAGR of 5.7% by 2024

Posted on 2018-09-24 by Goldstein Research in Energy // 0 Comments

New York, USA, 2018-Sep-24 — /EPR Network/ —According to Goldstein Research, growing electricity consumption across the globe has significantly accelerated the growth of the power transformer market, especially in developing countries. The developing markets in Latin America and Asia have a major impact on the growth of transformers market and currently dominating the demand for power transformers. Global Power Transformer Market Outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. Further, the government initiative in developed regions for modernizing the existing grids coupled with the installation of advanced and new power transformers is likely to drive the power transformer market growth.

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Market Segmentation

Global power transformer market can be segmented as follows:

By Power Rating

Small Power Transformers (5-40 MVA)
Medium Power Transformers (40-250 MVA)
Large Power Transformers (Above 250 MVA)

By Insulation Type

Dry-Type
Liquid-Type

By Application

Power Generation
Power Transmission

By End User

Energy and Utility Sector
Industrial Sector
Infrastructure

Based on Geography

North America (U.S. & Canada) Power transformer Market {Market Share (%), Market Size(USD Billion)}
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Power transformer Market {Market Share (%), Market Size(USD Billion)}
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Power transformer Market {Market Share (%), Market Size(USD Billion)}
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Power transformer Market {Market Share (%), Market Size(USD Billion)}
Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Power transformer Market {Market Share (%), Market Size(USD Billion)}

“Global Power Transformer Market Outlook 2024” contains a detailed overview of the global power transformer market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by power rating, by insulation type, by application, and by end users.

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Further, for the exhaustive study, Global Power Transformer Market Report covers the industry growth drivers, risk analysis, market challenges, market attractiveness, Porter’s five force model, BPS (Base Point Scale) analysis and SWOT analysis. This market analysis also comprises competitive outlook of some of the major players profiling such as ABB, Alstom, Siemens, General Electric (GE), ASEA Brown Boveri Group, Schneider Electric, Hyundai Heavy Industries Co. Ltd., Crompton Greaves Ltd., Mitsubishi Electric Corporation.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report embodies the global power transformer market size along with market estimate that will aid industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market centric approaches according to the ongoing and expected trends in the future.

Key queries countered in this global power transformer market report

What is the global power transformer market size by 2024 and what would be the expected growth rate of sales?
What are the power transformer market trends?
What are the dynamics which are driving this market?
What are the major barriers to power transformer market growth?
Who are the prominent vendors in this market space?
What are the market prospects for the current and entry level players?

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