14/09/2018 14:04:54

Power Transformer, an effective energy solution for smart grid technology, to witness a CAGR of 7.71% during 2017-2023

NEW YORK, Sept. 14, 2018 (GLOBE NEWSWIRE) -- The global power transformers market was valued at USD 22,390.5 million in 2016, and is expected to reach USD 37,622.8 million by 2023, growing at a CAGR of 7.7% from 2017 to 2023. The key factors driving the growth of the global power transformers market are accelerating demand for smart grids, development of transmission and distribution networks and increasing cross country electricity trade. Governments are taking initiatives by spending huge installation and logistics costs on replacing old power transformers, with the focus of meeting ever-growing electricity demands. The trend to deploy power transformers in lucrative regions coupled with a need to establish better and effective transmission networks will increase the business opportunity for the power transformers market.

In 2016, the Oil-cooled power transformer sector held the major market share of the global power transformers market in the cooling type segment. Additionally, the liquid immersed transformer is the largest sector in the insulation type segment of the power transformers market. In the rating segment, small power transformers dominated the global power transformer market by holding the majority of market share. In the end-user segment, the industrial sector dominates the global power transformers market.

The key players in the global power transformer market are Siemens AG, Crompton Greaves Limited, ABB Ltd. General Electric Company, Alstom SA, Mitsubishi Electric Corporation, Toshiba Corporation, Bharat Heavy Electricals Limited, Hyosung Group, SPX Transformer Solutions, Inc.

Key findings of the Global Transformer Market report:

  • The global power transformer market is expected to reach USD 37,622.8 million by 2023
  • Small power transformers are expected to hold the major share of the power transformer market during the forecast period
  • On the basis of cooling type, oil cooled transformers are expected to hold the major share of the global power transformer market
  • Players such as Siemens AG are continuously innovating new technology to build transformers with high optimization for weight and dimension to solve wear and tear problems and modernizing the power infrastructure.

Power Transformer providing thrust to green energy

High electricity demandwidening of transmission networks and replacement of old units are the major driving factors for the growth of the global power transformer market. Additionally, the renewable energy generation is increasing across the globe and further rise is expected with the world moving towards green energy generation, creating an opportunity for solar and wind energy power plants. Increase in utilization of renewable and non-renewable energy resources fuels the demand for power transformers. Rise in demand for integration of new power plants with transmission networks and the emphasis on green transformers is an opportunity to reduce carbon emission and create a pollution free environment in the near future.

Browse full research report with TOC on “

Global Power Transformers Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

” at:

https://www.energiasmarketresearch.com/global-power-transformers-market-outlook/

 

To purchase report:

sales@energiasmarketresearch.com

Global Power Transformer Market- regional insight

Geographically, Asia-Pacific accounts for the major market share and is expected to hold the largest market share during the forecast period. The growth of the market in the region is governed by the increasing expenditure on the power infrastructure and mega scale projects in the Asia-Pacific region. Economies such as China and India provide boost to the market growth in the Asia-Pacific region. Upgrading electrical infrastructure coupled with rising economies of scale tends to drive the growth of the market in the region. Developing nations, such as Brazil and Middle-Eastern countries, are the key market for the growth of the power transformer.

In the U.S. and European region, replacement of aging grid infrastructure and large-scale integration of renewables are driving the global power transformers market.

About Energias Market Research Pvt. Ltd.

-

Energias Market Research launched with the objective to provide in-depth market analysis, business research solutions, and consultation that is tailored to our client’s specific needs based on our impeccable research methodology.

With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.

Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors.

Contact:

Mr.

Alan Andrews

Business Development Manager

For any queries email us:

info@energiasmarketresearch.com

To purchase report:

sales@energiasmarketresearch.com

Call us: +1-716-239-4915

Visit:

https://www.energiasmarketresearch.com/

energias.jpg

Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
17 Feb
VWS
  Jeg har nu haft lidt tid til at læse det seneste årsregnskab fra Vestas. Jeg har forsøgt at opsumm..
61
13 Feb
VELO
Her er nogle spørgsmål som jeg ønsker besvaret. Håber i andre vil bidrage med flere spørgsmål som JP..
24
15 Feb
VELO
Jeg kan se på FB-gruppen at er der en diskussion omkring præparatet fra Hansa Medical det evt. ramme..
19
19 Feb
FING-B
Så lukkede FPC over den gamle modstand i dag i 19,55 modstanden var 19,47 og næste stop er nu 21,786..
18
15 Feb
VELO
Jeg har solgt mine Veloxis-aktier, for der er nogle mekanismer i stigningerne i både Chemometec og i..
18
18 Feb
VWS
VESTAS LEADS BREAK-AWAY GROUP OF ONSHORE TURBINE MAKERS (fra 16% til 22% af det totale marked for la..
17
18 Feb
PNDORA
Det er netop kommet frem, at tyske BAFIN, svarende til Finanstilsynet i Dk., har forbudt short posit..
17
18 Feb
CHEMM
Puha, ja hvad venter vi nu på,…… vi trofaste og frelste Chemo aktionærer, Noten, den romantiske og ..
15
19 Feb
VELO
Til dem af jer der ikke er med i FB gruppen: Canada havde, sammen med US, lukket i går. Teorien er, ..
14
18 Feb
VELO
Sjovt at se dem der hårdnakket har påstået, at de er langt også er dem der sælger. Samme personer de..
14

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

Related news
22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
CryptoBlockCon Announces Full Slate of 2019 Events Designed to Connect Blockchain Experts
2
Hillcrest Labs and LG Renew License for Smart TV Technology
3
Exantas Capital Corp. to Report Operating Results for Fourth Quarter 2018
4
The Madison Square Garden Company Announces Iliza Shlesinger Has Been Added to the All-Star Lineup of Garden of Laughs, Presented by Delta Air Lines
5
ACETO Announces Proposed Sale of its Chemicals Business Assets to New Mountain Capital for $338 million

Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 February 2019 10:14:50
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: ReleaseBuild_20190215.1 - EUROWEB7 - 2019-02-20 11:14:50 - 2019-02-20 10:14:50 - 1000 - Website: OKAY