Large Power Transformers Market to Reach $31.05 Billion in 2020 | Automation.com

Large Power Transformers Market to Reach $31.05 Billion in 2020

According to a new market report published by Transparency Market Research “Large Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the large power transformers market was valued at USD 18.35 billion in 2013, which is expected to reach USD 31.05 Billion by 2020, growing at a CAGR of 7.8% from 2014 to 2020. In terms of volume, the demand for large power transformers was 11,223 units in 2013, which is expected to reach 18,709 units by 2020, growing at a CAGR of 7.7% from 2014 to 2020.
 
The market is primarily driven by technologically enhanced products and increasing application of electricity in industries, agriculture, and domestic activities worldwide. Eco-friendly large power transformers are expected to witness high growth during the forecast period compared to old and outdated technology due to their advanced features and environmental safety measures. Moreover, growing initiatives for refurbishment of outdated power grids with the advanced technology in the matured economies is driving the market for large power transformers.
 
The large power transformers segment with ratings between 100 MVA to 500MVA is expected to hold the largest share in the global large power transformers market throughout the forecast period. Phase-shifting transformers are rated up to 500 MVA, which are available with non-symmetrical direct or indirect regulation and symmetrical direct or indirect regulation. This segment is expected to witness robust growth during the forecast period due to exponential growth of industrialization and modernization of existing power grids in the emerging countries worldwide. 
 
Asia Pacific large power transformers market is currently being driven by developing economy such as China, India, Japan, South Korea, Australia and Malaysia among others offering immense opportunities for the large power transformers market. China and India are expected to constantly drive demand for large power transformers due to increasing electrification ratio in these countries. 
 
Key players in the large power transformers market are ABB Ltd., Alstom SA, Crompton Greaves Ltd., Siemens AG, GE Co, Hyosung Power & Industrial Systems Performance Group, and TBEA, Co., Ltd., among others.
 
Browse the full Large Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report athttp://www.transparencymarketresearch.com/large-power-transformers-market.html
 
The market has been segmented as follows:
 
Large Power Transformers Market, by Power Ratings
  • 100 MVA to 500 MVA
  • 501 MVA to 800 MVA
  • 801 MVA to 1200 MVA
Large Power Transformers Market, by Geography:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)
About Us
 
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. 
 
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
 
Contact
 
Mr. Atil Chaudhari
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Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: http://www.transparencymarketresearch.com/
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