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
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.
Regional Analysis
Power
Transformer Market Share 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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