A power transformer is used to transfer electrical energy in different parts of the electrical circuit between the generator and the primary distribution circuits. These transformers are used in distribution systems to interface step up and step down voltages. The common type of power transformer is liquid immersed and the life span of these transformers is around 30 years.
MARKET DYNAMICS
Increasing demands for power generation especially in the developing economies where urbanization and industrialization are developing at a rapid pace have driven the demands for power transformers market by multi-folds. Huge investments in strengthening the energy infrastructures by Governments is anticipated to generate opportunities for the players in the power transformer market.
MARKET SCOPE
The "Global Power Transformer Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the power transformer market with detailed market segmentation by rating, phase, end-use industry, and geography. The global power transformer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power transformer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global power transformer market is segmented on the basis of rating, phase, and end-use industry. On the basis of rating, the power transformer market is segmented into upto 500 VA, 500-1000 VA, 1000-1500 VA, and above 1500 VA. The power transformer market on the basis of the phase is classified into three-phase, and single-phase. Based on end-use industry, the power transformer market is segmented into chemical, oil and gas, power generation, and metal and mining.
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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global power transformer market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The power transformer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the power transformer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the power transformer in these regions.
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MARKET PLAYERS
The reports cover key developments in the power transformer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from power transformer market are anticipated to lucrative growth opportunities in the future with the rising demand for Power transformer in the global market. Below mentioned is the list of few companies engaged in the Power transformer market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the power transformer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-ABB Ltd.
-ACME ELECTRIC
-Dongan Electric Manufacturing Company
-Eaton Corporation PLC
-Emerson Electric Co.
-Hammond Power Solutions Inc.
-HICO
-Procon Controls
-Schneider Electric
-Siemens AG
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