A
new research report published by Transparency Market Research states
that the global large power transformers market is poised to grow at
a positive pace in the coming years. The report, titled “Large
Power Transformers Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2020”, includes a comprehensive
view of the market that has been compiled using credible research
resources and accurate analysis techniques.
According
to the research report, the global large
power transformers market was worth US$18.3 bn in 2013. From 2014
to 2020, the market is expected to grow at a CAGR of 7.80% to reach a
figure of US$31 bn by 2020 in terms of revenue. In terms of volume,
the demand for large power transformers stood at 11,223 units in 2013
and is expected to reach 18,709 units by 2020, growing at a CAGR of
7.70% from 2014 to 2020.
The
stupendous growth of the global large power transformers market will
be attributable to the several environmental advantages they render
to users at large. Stringent environmental regulations, increasing
pressure of global warming, and governmental interventions for low
emissions and water conservation are encouraging companies to opt for
green transformers. The green revolution has also succeeded in
motivating companies such as Alstom and Crompton Greaves Ltd. to
develop environment-friendly units. Keeping in line with this demand,
Crompton Greaves Ltd. has designed and installed quiet power
transformers that can be used in wildlife reserves and other areas
where the surroundings cannot be disturbed with noise.
The
global large power transformers market is segmented on the basis of
power rating and geography. The power ratings in the global large
transformers market are 100 MVA to 500 MVA, 501 MVA to 800 MVA, and
801 MVA to 1200 MVA. Geographically, this market is segmented into
Europe, North America, Asia Pacific, and Rest of the World.In terms
of power rating, the 100 MVA to 500MVA large power transformers
segment is likely to grow at the fastest pace to grab the biggest
share in the overall market due to its increasing adoption in utility
companies. The application of 801MVA to 1200 MVA power rating
transformers will be mainly for HVDC and UHVDC power generation in
the Middle East and Asia Pacific due to the increasing energy demands
of the emerging economies in these regions in the near future.
Some
of the important players in the global large power transformers
market are TBEA Co. Ltd., ABB Ltd., Crompton Greaves Ltd., Alstom SA,
Hyundai Heavy Industries Co. Ltd., Siemens AG, Hyosung Power &
Industrial Systems Performance Group, and GE Co., among others. The
research report profiles these key players to give an in-depth
insight into their financial overview, investment outlook for the
coming years, research and development activities, product portfolio,
and business and marketing strategies. The research report also gives
a SWOT analysis and Porter’s five forces analysis of the important
players in the global large power transformers market to help the
readers make important business decisions.
Large
Power Transformers Market: Power Rating Analysis
100
MVA to 500 MVA
501
MVA to 800 MVA
801
MVA to 1200 MVA
Large Power Transformers Market: Regional Analysis
North
America
Europe
Asia
Pacific
RoW
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Mr.Sudip
S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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