Voltage Transformer also known as Potential Transformer are a parallel connected transformer. Voltage Transformer are mostly used in electrical power systems wherein they step down the system voltage to a safe value. They are mostly used for low voltage. Its design presents a negligible load to the supply being measured and establishes an accurate voltage and phase relationship, allowing accurate secondary connected metering.
MARKET SCOPE
The "Global Voltage Transformer Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Voltage Transformer Market with detailed market segmentation by phase, by voltage, by cooling type, by end user, and by region. The Voltage Transformer Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Voltage Transformer Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Voltage Transformer Market has been segmented into by phase, by voltage, by cooling type and by end user. By phase the market has been bifurcated into single phase and three phase. By voltage the market has been bifurcated into high voltage, medium voltage, and low voltage. By cooling type the market has been bifurcated into air cooled and oil cooled. By end user the market has been bifurcated into industrial use and residential and commercial use.
MARKET DYNAMICS
Growth Factors
- Rapid urbanization and increasing consumption of electricity
- Upgradation of existing networks
Restraints
- High initial costs
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Voltage 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 Voltage Transformer Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Voltage Transformer Market in these regions.
Impact of Covid 19 Voltage Transformer Market
The Covid 19 pandemic has had a significant impact on the Voltage Transformer Market. As there was a rise in the number of cases several governments and regulatory bodies imposed mass lockdowns to curb the spread of Covid 19. There was decline in the power consumption in the commercial and industrial sector because of lockdowns imposed and halts in productions which affected the Voltage Transformer Market. As the number of cases are on a decline and restrictions are being eased of the Voltage Transformer Market is expected to grow in the coming years.
MARKET PLAYERS
The report covers vital developments in the Voltage 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 partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Voltage Transformer Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Voltage Transformer Market. Below mentioned is the list of a few companies engaged in the Voltage Transformer Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Voltage Transformer Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Siemens
- GE
- Hyundia Heavy Industries
- Schneider Electric SE
- CG Power
- Kirloskar Electric
- Toshiba
- TBEA
- General Electric Company
- Mitsubishi Electric Corporation