Transformer Market Scenario
Transformer systems have been governing the renewable
and non-renewable energy markets in recent years owing to its ability to
transmit & distribute the energy in the form of electricity through
reducing the current ampere and increasing the voltage and vice versa, to
supply power according to end-user needs.
Transformers cover a very diverse subject area that
encompasses both, small and very large components. Transformers can be
segmented on the basis of type as distribution transformer, power transformer
and others, which includes instrument transformer. Transformer systems have
been governing the renewable and non-renewable energy markets in recent years
owing to its ability to transmit & distribute the energy in the form of
electricity through reducing the current ampere and increasing the voltage and vice
versa, to supply power according to end-user needs.
Industry
Segmentation
The transformer market has been segmented based on
cooling type, power rating, type, insulation, and end-user.
On the basis of cooling type, Oil-Cooled Transformer
accounted for the largest market share of 57.2% in 2016, with a market value of
USD 22,493.1 million. It is projected to register the highest CAGR of 7.68%
during the forecast period.
Based on power rating, Small Power accounted for the
largest market share of 45.5% in 2016, with a market value of USD 17,881.3
million; projected to witness a CAGR of 7.57% during the forecast period.
Based on type, Power transformer accounted for the
largest market share of 49.7% in 2016, with a market value of USD 19,540.5
million; projected to register a CAGR of 8.55% during the forecast period.
Based on insulation, Liquid-Immersed accounted for the
largest market share of 58.6% in 2016, with a market value of USD 23,039.7
million; projected to register a CAGR of 7.61% during the forecast period.
Based on End-User, Utility accounted for the largest
market share of 43.1% in 2016, with a market value of USD 16,938.5 million;
projected to witness a CAGR of 7.79% during the forecast period.
Leading
Players
The key players of global transformer market are ABB
Ltd., (Switzerland), Eaton Corporation plc (Ireland), Schneider Electric
(France), Siemens AG (Germany), and 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.) are among others.
Scope
of the Report
This study provides an overview of the global
transformer market, tracking five market segments across four geographic
regions. The report studies key players, providing a six-year annual trend
analysis that highlights market size, volume and share for Americas, Europe,
Asia Pacific and Middle East & Africa. The report also provides a forecast,
focusing on the market opportunities for the next six years for each region.
The scope of the study segments the global transformer market by type, by
end-users, and by regions.
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