Market Overview

The Global Power Transformer Market is estimated to expand at a stellar CAGR of 8.64 % during the forecast period (2018-2023) owing to the increased energy demand, asserts Market Research Future (MRFR). A reliable source of energy backup, power transformers can contribute to the reduced energy emissions in various sectors. They can also support the use of grids and generators.

Competitive Analysis

Some of the major players operating the Global Power Transformer Market are SGB-SMIT Group (Germany), Hyosung Power & Industrial Solutions (South Korea) and SPX Transformer Solutions Inc. (U.S.), Toshiba Corporation (Japan), Hyundai Electric & Energy Systems Co. Ltd. (South Korea), Siemens AG (Germany), ABB Ltd. (Switzerland), Crompton Greaves Ltd. (India), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), Bharat Heavy Electricals Limited (India), and others.

Drivers and Constraints Impacting the Market

Infrastructural development has led to investments in the energy sector which is estimated to drive the market growth over the review period. Developed nations have outlined certain policies to minimize emissions which can be instrumental to the market demand over the coming years. Moreover, the increase in energy demand has led to the rise in electrical infrastructure projects. With the increasing number of projects, the market is expected to foster during the review period. With the increasing demand for power, global initiative to use non-conventional and renewable energy sources, cross-border power transmission, and smart grids has boosted the power transformer market over the years.

On the flip side, high cost associated with power transformers and raw materials along with the global economic slowdown has resulted in the hesitation among the market leaders in the industrial sectors. This is predicted to act as a restraining factor to the growth of the power transformer market globally over the assessment period.

A Sample of This Report Is Available upon Request @ https://www.marketresearchfuture.com/sample_request/3251

Vendor Landscape:

The power transformer market is eyeing on increasing prospect by growing big both in terms of value and volume. Several companies through strategic developments are notably contributing revenue-wise for a knock-down effect on the market. For instance, Hyundai Power’s investment of USD 33 million in Alabama to expand their market. Siemens, on the other hand, is planning to acquire Massachusetts-based Russelectric, an electric infrastructure manufacturer.

ABB Ltd., (Switzerland), Schneider Electric (France), Siemens AG (Germany), Crompton Greaves Ltd. (India), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Bharat Heavy Electricals Limited (India), Hyosung Power & Industrial Solutions (South Korea) and SPX Transformer Solutions, Inc. (U.S.), SGB-SMIT Group (Germany), and Hyundai Electric & Energy Systems Co., Ltd. (South Korea) are some of the key vendors operating in the power transformer market.

Industry Trend:

ABB has recently launched a digitally integrated power transformer, first of its kind in the world. This enables remote monitoring and analysis of its data in real-time which makes it more reliable. It further ensures higher utilization of grid assets and power networks. The machine is equipped with a digital hub that can use smart devices for better control.

GE Power’s Grid Solution business works well with power transformers and assists in effective asset management and maximizes operational performance.

Segmentation:

The global power transformer market can be segmented by cooling type and power ratings.

By cooling type, the power transformer market is segmented into oil-cooled and power-cooled. Both the forms can transmit power over long distance.

By power ratings, the power transformer market includes small power, medium power, and large power. Small power has a range of 100-500 mega volt-amps (MVA). The medium has 500-800 MVA, and the large has more than 800 MVA.

Browse the Full Research Report At@ https://www.marketwatch.com/press-release/power-transformer-market-insight-increase-rapidly-to-864-cagr-by-2023-most-attractive-growth-competitor-strategy-value-share-and-latest-key-trend-2018-12-05

Industry News

The Saudi Electricity Company has connected seven new transformer stations to the main power grid. The new transformers have a combined capacity of 3,613 MVA and costs SR2.1 billion. They are located in the northern region of the kingdom. The increased capacity aims toward supporting the industrialization and mining projects in the city of Wa’ad Al-Shamaal.
Power Transformer Market TABLE OF CONTENTS

Executive Summary
Market Introduction
Research Methodology
Market Dynamics
Market Factor Analysis
Global Power Transformer Market, By Cooling Type
Global Power Transformer Market, By Power Rating
Global Power Transformer Market, By Region
Competitive Landscape

Power Transformer Market Table of Content to be Continue....,