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Dublin, April 28, 2020 (GLOBE NEWSWIRE) – Added report “World Market for High Power Transformers 2020-30: Covid 19 Impact and Recovery” ResearchAndMarkets.com’s offering.
The global high power transformer market was worth $ 31.75 billion in 2019.
The high-power transformer market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, the Middle East, and Africa. In 2018 Asia-Pacific was the largest region on the high-power transformer market.
The publisher’s Global High Power Transformer Market Global Report 2020 provides strategists, marketers, and senior managers with the critical information they need to assess the global high power transformer market as it emerges from the Covid 19 shutdown.
Reasons to buy
- Get a truly global perspective with the most comprehensive report available in this market spanning over 12 geographies.
- Understand how coronavirus is affecting the market and how it is likely to emerge and grow as the impact of the virus decreases.
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- Identify growth segments for investment.
- Outsmart your competitors using forecast data and market drivers and trends
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
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- The report will be updated with the latest data and will be delivered to you within 3 business days of the order.
Where is the largest and fastest growing market for high power transformers? How does the market relate to the general economy, demographics, and other similar markets? What forces will shape the market in the future? The publisher’s Global High Power Transformers Market Report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and national breakdowns, competitive landscape, market shares, trends and strategies for this market. Plot the historical and forecasted growth of the market by geography. It locates the market in the context of the broader market for high-power transformers and compares it to other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section provides the market size ($ b) that covers both the historical growth of the market, the impact of the Covid 19 virus and predicts its recovery.
- Market segmentations break the market down into sub-markets.
- The regional and country breakdowns section provides an analysis of the market in each geography and the size of the market by geography and compares its historical and forecast growth. Covers Covid 19’s impact and recovery trajectory for all regions, key developed countries, and major emerging markets.
- The competitive landscape provides an overview of the competitive nature of the market, market shares, and an overview of the leading companies. The key financial arrangements that have shaped the market in recent years are identified.
- The trends and strategies section analyzes the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The high power transformer market section of the report provides context. Compare the high power transformer market with other segments of the high power transformer market by size and growth, history and forecast. Analyze the proportion of GDP, per capita spending, the comparison of indicators of high-power transformers.
The main players in the high power transformer market are ABB Ltd., Alstom, Crompton Greaves Limited, Siemens AG, Eaton, General Electric, Schneider Electric, Hyosung Power & Industrial Systems, Performance Group.
The high power transformer market consists of the sale of high power transformers and related services for electrical insulation, power distribution, control and instrumentation. High-power transformers manufacture power transformers with ratings from 801 MVA to 1200 MVA and convert voltages, generally high to low, from one stage or phase configuration to another.
The high power transformer market covered in this report is segmented by application: industrial, commercial, residential.
The transformer manufacturing market is moving towards the evolution of independent, self-regulating smart transformers. Smart transformers are programmed to constantly regulate voltage and maintain contact with stakeholders and provide feedback and feedback on the power supply. They provide the exact amount of energy that is needed and respond to fluctuations through a process known as voltage optimization. They significantly reduce greenhouse gas emissions and energy consumption by providing electrical equipment with the ideal amount of energy. For example, in 2018, the United States Department of Energy (DOE) planned to invest $ 7.5 million to support research and development of smart transformers for grid resistance. Companies should consider investing in technologies to produce smart transformers for commercial establishments.
The demand for high power transformers is fueled by initiatives taken by the government to provide electricity to all. Governments around the world are taking initiatives to supply electricity to rural and inaccessible areas, thereby increasing the demand for rural electrification. For example, the Government of India has taken various measures to promote the country’s electricity production. For example, Finance Minister Nirmala Sithraman has launched a policy such as “The Nation One Grid” in the Union budget for affordable energy for states in 2019. The goal of this program was to provide free electricity to the poor already others at a very low cost.
In June 2019, Hitachi, Ltd., a Japan-based energy solutions provider, acquired 80.1% of ABB’s power grid business for $ 11 billion. The acquisition aimed to expand Hitachi’s product portfolio, combining ABB’s power grids and offering improved energy solutions globally. ABB is a Swiss-based company that specializes in the manufacture of electrical network products, such as power transformers.
The instability in the price of raw materials is an important restriction in the market for high-power transformers. The instability is due to volatility in the prices of raw materials for steel, copper and crude oil. Additionally, power transformer prices vary by manufacturer, market conditions, and the location of the production facility, which also creates conflicts between manufacturers and customers. This has also resulted in a geographic shift for some of the key players in the transformer industry by moving their manufacturing facilities to regions where the cost of manufacturing is lower and has higher demands, such as India and China. Therefore, they are holding back the growth of the high power transformer market worldwide.
Key topics covered:
1. Executive Summary
2. Market characteristics of high power transformers
3. Size and growth of the high power transformer market
3.1. World Historical Market for High Power Transformers, 2015-2019, $ 1 billion
3.1.1. Market drivers
3.1.2. Market restrictions
3.2. Global high-power transformer forecast market, 2019 – 2023F, 2025F, 2030F, $ billion
3.2.1. Market drivers
3.2.2. Market restrictions
4. Segmentation of the high power transformer market
4.1. Global market for high power transformers, segmentation by application, history and forecast, 2015-2019, 2023F, 2025F, 2030F, $ billion
5. Analysis of the market for high-power transformers at regional and national level
5.1. Global market for high power transformers, divided by region, history and forecast, 2015-2019, 2023F, 2025F, 2030F, $ billion
5.2. Global market for high-power transformers, divided by country, history and forecast, 2015-2019, 2023F, 2025F, 2030F, $ billion
6. Asia-Pacific High Power Transformer Market
7. China High Power Transformer Market
8. India High Power Transformer Market
9. Japan High Power Transformer Market
10. Australia High Power Transformer Market
11. Indonesia High Power Transformer Market
12. South Korean High Power Transformer Market
13. Western European High Power Transformer Market
14. UK High Power Transformer Market
15. Germany High Power Transformer Market
16. France High Power Transformer Market
17. Eastern European High Power Transformer Market
18. Russian High Power Transformer Market
19. North American High Power Transformer Market
20. US High Power Transformer Market. USA
21. South American high power transformer market
22. Brazilian high power transformer market
23. Middle East High Power Transformer Market
24. African High Power Transformer Market
25. High-power transformers market a competitive landscape and company profiles
25.1 Competitive market for high power transformers
25.2 Profiles of high power transformer market companies
26. Key mergers and acquisitions in the high power transformer market
27. Trends and strategies of the high power transformer market
28. Market for high-power transformers Future prospects and potential analysis
29. Appendix
29.1 Abbreviations
29.2 Currencies
29.3 Research queries
29.4 About the editor
29.5. Copyright and disclaimer
Companies mentioned
- Alstom
- Limited Crompton Greaves
- Siemens AG
- Eaton
- General Energy
- Schneider Electric
- Hyosung Power and industrial systems
- Performance group
- Hyundai Heavy Industries
- TBEA
- Mitsubishi Electric Corporation
- Hammond Power Solutions
- SPX transformer solutions
- Jinpan International
- Hitachi
- SGB-SMIT
- Jefferson Electric
- CG Power Systems
- Toshiba
- KOTSONS
- Coating electronics
- LS Industrial Systems
- Kirloskar Electric
- Mallet
- ALPHRAPH
- DuPont
- ELANTAS
- Eremu
- Fuji Electric
For more information on this report, visit https://www.researchandmarkets.com/r/rm9fg
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