Transformer Market Scenario
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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