Global Large Power Transformer Market - Analysis and Forecast - Growth Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 126 | Published By - Mordor Intelligence

Report Highlights

Global large power transformers market is estimated to increase from USD XX billion in 2016 to USD XX billion by 2022, at a CAGR of 6.5%.

Developed countries globally are replacing old transformers to ensure continuous and efficient supply of electricity. This trend is expected to increase during the forecast period. In the coming years, environment-friendly large power transformers are expected to witness significant growth due to their environmental viability and related advanced features. Global environmental considerations take into account the need for low emissions and water conservation for both new and existing power plants and to cater to these needs, companies like Alstom have launched green transformers for environmentally sensitive areas. Likewise, Crompton Greaves Ltd., has developed and installed quiet power transformers for usage in wildlife reserves and other environmentally sensitive regions, to reduce noise pollution.

The demand for large power transformers is driven by the state-run initiatives for the upgrade of outdated power grids with advanced equipment. Furthermore, increasing energy needs combined with technological advancement is a major driver in the Asia-Pacific region. Countries like China, Malaysia, and India offer immense opportunities for the overall market for large power transformers. India and China are expected to have a consistent demand for large power transformers, owing to the rising electrification ratio in these countries.

Factors like rising energy needs and favorable government policies are driving the large power transformers market. On the flip side, though, high investment costs and volatility of raw material prices are hampering the market.

The report comprehensively analyzes the large power transformers market by segmenting it based on power ratings and geography. Key drivers and restraints affecting the growth of this market are also discussed in detail. The study also elucidates on the competitive landscape and key market players.

What the Report Offers

Market analysis for the global large power transformers market, with region specific assessments and competition analysis on a global and regional scale.
Market overview and identification of key drivers and restraints that influence the studied market.
Identification of macro and micro factors instrumental in changing the market scenario and rising prospective opportunities globally and regionally.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
Demand forecast for every segment of the studied market for the projected period.
Extensively researched competitive landscape section with profiles of major companies and their market share.
Analysis of the current strategic interests and financial information of the major companies, along with the strategies adopted by them to sustain and grow in the studied market.

 

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