Transformer

 decision foresight.png

Global Transformer Market Size, Share, Growth, Industry Trends and Forecast 2020-2030


The Global Transformer Market size was valued at USD 50 billion in 2020, and is expected to reach USD 87.0 billion by 2030, registering a CAGR of 5.70% from 2020 to 2030.A transformer is a static machine used in the transmission and distribution of electrical power.  It helps in the transmission of power from one network to the other without any change in frequency. In other words, transformers are used to either step-up or step-down the voltage, keeping the frequency constant, in order to achieve better transmission efficiency and minimize losses. Transformers are also used to create an isolation between two electric circuits. They consist of mainly two parts – core and windings, and work on the principle of mutual induction. 

Download Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Table & Figures) @ https://www.decisionforesight.com/request-sample/DFS020289

Market Dynamics and Factors:

Rapid industrialization and urbanization have increased the demand and consumption of electricity across the globe. Increasing number of commercial and industrial establishments together with the increasing use of electrical appliances are driving the global demand for electricity. Factors such as upgradation of power and distribution infrastructure, replacement of equipment at the end of their service life, development of heavy industries and increasing focus on renewable energy generation are other major factors driving the market globally. For instance, in 2018, the European Commission announced that the European nations will experience an increase in renewable energy share to 34% in 2030 when compared to 17% in 2015. However, stress causing failures and operational inefficiencies, attributing to delays and suspensions, are the major factors restraining of the transformer market growth.   

Market Segmentation:

  • Global Transformer Market – By Product Type

    • Power Transformer

    • Distribution Transformer

    • Instrument Transformer

  • Global Transformer Market – By Structure 

    • Core-Type

    • Shell Type

  • Global Transformer Market – By Winding 

    • Two-Winding

    • Autotransformer

  • Global Transformer Market – By Installation Type 

    • Outdoor

    • Indoor

  • Global Transformer Market – By Phase 

    • Single Phase

    • Three Phase

  • Global Transformer Market – By Rating 

    • <=10 Mva

    • 11-60mva

    • 61-600mva

    • >600 Mva

  • Global Transformer Market – By Mounting 

    • Pad

    • Pole

    • Pc/Pcb

  • Global Transformer Market – By Cooling Type 

    • Dry Type

      • Self Air

      • Air Blast

    • By Oil Immersed

      • Self Cooled

      • Water Cooled

      • Forced Oil

  • Global Transformer Market – By Insulation Type 

    • Gas

    • Oil

    • Solid

    • Air

  • Global Transformer Market – By Application 

    • Residential

    • Commercial

      • Hotels

      • Apartments

      • Hospitals

      • Others

    • Industrial

      • Railways

      • Cement

      • Oil & Gas

      • Others

  • Global Transformer Market – By Geography

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • France

      • Germany

      • Italy

      • Rest of Europe

    • Asia-Pacific

      • Japan

      • China

      • India

      • Australia

      • Rest of Asia Pacific

    • ROW

      • Latin America

      • Middle East

      • Africa

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC at @ https://www.decisionforesight.com/toc-request/DFS020289

Geographic Analysis:

Asia Pacific region dominates the market in terms of market share during the forecast period followed by North America. Increasing investments in the transmission and distribution networks in APAC countries, such as India and China has provided tremendous growth opportunities for the distribution transformer manufacturers to increase their share in the market, during the forecast period. For instance, in Asia-Pacific, according to BP Statistics 2019, total electrical power generated in 2018 was around 12273.6 terawatts, while the overall consumption was less. This leads to higher demand for distribution transformer infrastructure to bridge the gap between supply and demand. MEA region is anticipated to witness the fastest growth in the market during the forecast period. Countries in the Middle-East region, such as Oman and Saudi Arabia, are also investing in the expansion and restructuring of distribution power grids, which increases the growth prospects of the market.

Competitive Scenario:

The key players operating in the global transformer industry are –

Siemens, ABB, Schneider, BHEL, GE, Toshiba, Mitsubishi, Kirloskar, Eaton, Hyundai, and Crompton Greaves.

Connect to Anlyast @ https://www.decisionforesight.com/speak-analyst/DFS020289

How will this Market Intelligence Report Benefit You?

  1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

  2. Exclusive insight into the key trends affecting the Global Transformer industry, although key threats, opportunities and disruptive technologies that could shape the Global Transformer Market supply and demand.

  3. The report tracks the leading market players that will shape and impact the Global Transformer Market most.

  4. The data analysis present in the Global Transformer Market report is based on the combination of both primary and secondary resources.

  5. The report helps you to understand the real effects of key market drivers or retainers on Global Transformer Market business.

The 2021 Annual Global Transformer Market offers:

  • 100+ charts exploring and analysing the Global Transformer Market from critical angles including retail forecasts, consumer demand, production and more

  • 15+ profiles of top producing states, with highlights of market conditions and retail trends

  • Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

  • Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Transformer Market type

Buy This Premium Research Report@ https://www.decisionforesight.com/checkout/DFS020289

About Us:

Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.

Contact:

Email: sales@decisionforesight.com

For Latest Update Follow Us:

https://www.facebook.com/Decision-Foresight-110793387201935

https://twitter.com/DecisionFs

https://www.linkedin.com/company/decision-foresight/

Comments

Post a Comment

Popular posts from this blog

Digital Pathology

Image
  Global Digital Pathology Market Size, Share, Growth, Industry Trends and Forecast 2020-2030 Global Digital Pathology Market accounted USD 721.7 million in 2020 and is anticipated to reach USD 2281.7469 million by 2030, at a CAGR of 12.2% during the forecast period. It is an innovation predominantly committed to minimize laboratory expenses, increase operational efficiency, improving treatment decisions and patient care, and improved overall productivity. This technique incorporates the management, acquisition, sharing and interpretation of pathology information — which include slides and data — in a digital environment. Digital slides are produced when glass slides are apprehended with a scanning device, to deliver a high-resolution digital image that can be observed on a computer screen or mobile device. Virtual microscopy is a part of the market which enables to practice converting glass slides into digital slides that can be viewed, managed, shared and analyzed on a computer m...
Read more

Global Antisense And RNAi Therapeutics Market

Image
  Global Antisense And RNAi Therapeutics Market Size, Share, Growth, Industry Trends and Forecast 2020-2030 Antisense and RNAi therapeutics are therapeutic treatments having the potential to treat diseases such as chronic liver and cardiovascular diseases, and other rare diseases. Antisense RNAi was the largest technology segment in 2018 due to technological advancement in the healthcare sector. Antisense technology is a method that can stop protein production. Antisense technology can be used to design new therapeutics for certain new diseases. The principle behind is antisense nucleic acid sequence base pairs with complementary sense RNA strand and avoids from being translated into a protein. Based on the triggering of the RNA molecules this technology is segmented into siRNA and miRNA. Antisense and RNAi therapeutics services are applicable in the treatment of a wide range of diseases that target nucleic acid and affect the cell growth cycle. miRNA has the ability to restore gen...
Read more

Regenerative Therapies

Image
  Global Regenerative Therapies Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030 The Global regenerative therapies market held USD 8.5 billion in 2020 and is to grow with a CAGR of 15.7% from 2020-2030. Regenerative medicine is medicine principle that focuses on the replacement of tissues, human cells and organs in order to restore normal functionality. Regenerative medicine aims to renew or replace cells in the damaged and unfitting tissue or organ of human beings. The body's own cells can be encouraged to cure, or a patient with laboratories-grown cells and tissues can be therapied. It can treat incurable chronic disorders and conditions such as Alzheimer's disease, Parkinson's disease, diabetes, cardiac illness, kidney failure, osteoporosis and injuries to the spinal cord, etc. Download Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Tabl...
Read more