Market
Scenario
Power transformers are generally
used in transmission network for stepping up or stepping down the voltage
level. It operates mainly during high or peak loads and has maximum efficiency
at full load. Distribution transformers steps down the voltage for distribution
purpose to domestic or commercial users. It has good voltage regulation and
operates continuously with maximum efficiency at 50% of full load. The stepping
up or stepping down function of power transformers depends upon the number of
turns of primary and secondary winding. If the number of turns on both the
windings are same, and the losses of transformer are negligible, it can be concluded
that the voltage across each of the winding is same. In this case the
transformer is just utilized in isolating two electrical circuits.
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Overview
Global Power Transformer market is
expected to witness substantial growth during the forecast period. Despite a
strong focus on grid infrastructure renewal, especially in Europe, there has
also been significant expansion of the grid network. In 2011, the total
installed transmission and distribution line length reached 69.5 Million
kilometers; in 2016, that figure is set to reach 74.2 Million kilometers. In
2011, Capital Expenditure (CAPEX) in transmission and distribution rose to USD
190.21 Billion and is forecast to increase to USD 231.83 Billion by 2016. There
is an ever-increasing capital spend as seen in previous years during the
replacement of existing technology with higher-end smart ones. All these
factors are likely to drive the Power Transformer market.
Industry
Segmentation
Power Transformer market has been
segmented on the basis of power rating, cooling type, phase, installation, and
region.
Based on cooling type, the market
is classified into air-cooled and oil-cooled. Oil-cooled segment is expected to
dominate the market due to the fact that oil-cooled power transformers are
considered safer while dealing high voltage applications. With growing high
voltage transmission network expansion activities.
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Regional
Analysis
Power Transformer market by region
is segmented into Asia Pacific, North America, Europe, the Middle East &
Africa, and South America.
Asia-Pacific is expected to hold
the largest share during the forecast period due to increased demand for energy
and because of the growing population and rising per capita disposable income
in the region.
Moreover, these rapidly growing
economies in this region are also the top polluters in the world. This will led
to increasing demand for energy, ultimately driving the need to install more
power transformers in order to supply efficient power.
Leading
Players
The key players of global Power
Transformer market are Sumitomo Electric Industries Ltd, Radical Sun Systems,
Inc., SolAero Technologies Corp, Arzon Solar, LLC., Cool Earth Solar, ARIMA
Group, Suncore, Photovoltaic Technology Company Limited, Guangdong Redsolar
Photovoltaic Technology Co., Saint, Augustin Canada Electric Inc., Sanan
Optoelectronics Technology Co., Ltd, Macsun Solar Energy, Technology Co.,
Limited, and Morgan Solar Inc., among others.
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