Energy & Green Renewable Technology Market News

Research delivers insight into the power transformers global market forecast to 2023

Research delivers insight into the power transformers global market forecast to 2023

Innovation of existing power grids, rising demand for energy, positive regulatory scenario and increasing demand for smart transformers are some key factors fostering the market growth. However, factors such as fluctuation in the prices of components, standardization issues and lack of skilled manpower are restricting the market growth.

- Advertising -

According to Publisher, the Global Power Transformers market is estimated at $21.56 billion in 2016 and is expected to reach $38.23 billion by 2023 growing at a CAGR of 8.5% from 2016 to 2023. 

For more information about this report: www.reportsweb.com/power-transform…outlook-2017-2023

Amongst Rating, 100 MVA to 500 MVA segment is projected to lead the industry over the forecast period due to its diverse usage in distribution and transmission network for the step-down and step-up application.

- Advertising -

By Cooling Type, oil-cooled power transformer segment is anticipated to register a larger market share.

The growth for this segment is attributed to the fact that oil-cooled power transformers are considered safer while dealing high voltage applications. Asia-Pacific held the largest market share and is likely to dominate the market.

The growth for this region is mainly due to the improving infrastructure and surge in government investments to boost the installed capacity across the countries including India and China power transformer market.
Some of the key players in the market include Toshiba Corporation, SPX Corporation, Siemens AG, SGB-SMIT International GmbH., Mitsubishi Electric Corporation, Hyundai Heavy Industries Co. Ltd., Hyosung Power & Industrial Systems Performance Group, General Electric Co, Crompton Greaves Ltd., Bharat Heavy Electricals Limited, ASEA Brown Boveri Group, Alstom SA and ABB Ltd. 

Cooling Types Covered:
-Oil-Cooled Power Transformers
-Air-Cooled Power Transformers

Ratings Covered: 
-High (801 MVA to 1200 MVA)
-Medium (501 MVA to 800 MVA)
-Low (100 MVA to 500 MVA)

Request Sample Copy at www.reportsweb.com/inquiry&RW0001888510/sample

Regions Covered:
-North America
- US
- Canada
- Mexico
-Europe
- Germany
- France
- Italy
- UK 
- Spain 
- Rest of Europe 
-Asia Pacific
- Japan 
- China 
- India 
- Australia 
- New Zealand 
- Rest of Asia Pacific 
-Rest of the World
- Middle East
- Brazil
- Argentina
- South Africa
- Egypt

Company Profiling 
9.1 Toshiba Corporation 
9.2 SPX Corporation 
9.3 Siemens AG 
9.4 SGB-SMIT International GmbH.
9.5 Mitsubishi Electric Corporation
9.6 Hyundai Heavy Industries Co. Ltd.
9.7 Hyosung Power & Industrial Systems Performance Group
9.8 General Electric Co 
9.9 Crompton Greaves Ltd. 
9.10 Bharat Heavy Electricals Limited
9.11 ASEA Brown Boveri Group 
9.12 Alstom SA 
9.13 ABB Ltd. 

Inquire report at www.reportsweb.com/inquiry&RW0001888510/buying

News From

ReportsWeb - Market Research ReportsReportsWeb
Category: Market Research Publishers and RetailersCompany profile: ReportsWeb is a one-stop shop for market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research papers and solutions from various publishers. The market research industry has changed in last decade. As the corporate focus has shifted to niche markets and emerging countries, some publishers have stepped in to fulfill these information needs. We have experienced and ...