The global power
transformers market is expected to reach USD 18.55 billion by 2020,
according to a new study by Grand View Research, Inc. Growing energy demand, on
a global level, is expected to be the key driving force for the power
transformers market over the next six years. Favorable regulatory scenario for
the development of low noise and environmentally friendly transformers is also
expected to drive the market over the forecast period.
Browse full research report on Global Power Transformers Market: http://www.grandviewresearch.com/industry-analysis/power-transformers-market
Increasing investment in power plant infrastructure in
developing markets of Asia Pacific is expected to boost regional demand. The
market in North America and Europe is expected to primarily be driven by need
for replacing aging equipment. Smart grid and super grid development
initiatives are expected to be a considerable opportunity for market
participants. Volatility in prices of key raw materials such as steel and
copper is expected to be a barrier for industry growth.
Read detailed report or request for sample of this
research report:
http://www.grandviewresearch.com/industry-analysis/power-transformers-market
http://www.grandviewresearch.com/industry-analysis/power-transformers-market
Further key findings from the study suggest:
- Global power transformers shipments were estimated to be 11,352 units in 2013, and are expected to reach 16,994 units by 2020, growing at a CAGR of 5.9% from 2014 to 2020.
- Power transformers with a rating of 100 MVA to 500 MVA are expected to continue dominating global demand, and accounted for over 73% of the overall market volume in 2013. It is also expected to be the fastest growing segment, at an estimated CAGR of 6.4% in terms of revenue from 2014 to 2020.
- Asia Pacific accounted for over 40% of the market in 2013; it is also expected to grow at the fastest CAGR of 6.6% in terms of revenue from 2014 to 2020. Growing population as well as increasing demand for electricity is expected to fuel the market in this region over the forecast period.
- Companies operating in the market include ABB Ltd., Alstom SA, General Electric, Siemens Energy and Toshiba Corp. among others. New product development and innovation in order to meet regulatory requirements and address growing demand are among the key strategies employed for market expansion.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/construction-and-utilities
For the purpose of this study, Grand View Research has
segmented the global power transformers market on the basis of product and
region:
• Power Transformers Product Outlook
(Volume, Unit Shipments and Revenue, USD Billion; 2012 - 2020)
• 100 MVA to 500 MVA
• 501 MVA to 800 MVA
• 801 MVA to 1200 MVA
• Power Transformers Regional Outlook (Volume, Unit Shipments and Revenue, USD Billion; 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
• 100 MVA to 500 MVA
• 501 MVA to 800 MVA
• 801 MVA to 1200 MVA
• Power Transformers Regional Outlook (Volume, Unit Shipments and Revenue, USD Billion; 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
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