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 Research 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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