Global energy production has increased over the past decade, from 15,409.0 TWH in 2000 to 23,536.5 TWH in 2014. This has also led to the increasing need for expanding T&D networks globally; new T&D infrastructure needs USD 1.9 Trillion in cumulative investment by 2024 to meet the growing energy demands. This includes substations, power lines, and associated equipment and new technology. Governments worldwide are investing in T&D network expansion projects, increasing the demand for power transformers. The power transformer market is projected to reach USD 29.9 Billion by 2020, from USD 20.7 Billion in 2015, at a CAGR of 7.6% during the forecast period.
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.
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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"
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Research Study Include:
• This research study involves the extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial study of the power transformer market.
• In-depth interviews have been conducted with various primary respondents that include key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts.
• The market for the power transformer report was arrived at by using regional data for the T&D expansion projects and the relative investments in the T&D sector. Finally, the global values were arrived at by adding the power transformers markets for individual regions.
• After arriving at the overall market size, the total market has been split into several segments and subsegments. In order to complete the overall market engineering process and arrive at exact statistics for all the segments and subsegments, the data triangulation and market breakdown procedure has been employed, wherever applicable.
• The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
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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.
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