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Power Transformer Market size

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Growing demand for electricity in developing and developed nations with rapid economic development and need for 24*7 power supply to all is expected to be the key driving factor for the growth of the market.
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Power Transformer Market Share, Size, Analysis, Growth, Trends
and Forecasts to 2024 | Hexa Research
" The power transformer market of Asia Pacific
reported for around USD 7 Billion in 2015 and is likely
to witness major gains by 2024."
The global Power Transformer Market was projected over USD 11, 295 units in 2015. It would grow at nearly
6.1 percent CAGR during 2016 to 2024. The market, with regards to size, was over USD 18 billion in 2015. It
finds usage across mining, chemical plants, etc. Wider demand for these transformers from the aforementioned
applications should drive the market in the forecast period (2016 to 2024).
Demand for electricity from developing & developed nations coupled with higher infrastructural spending is
likely to be the key market propeller. Supportive ‘smart grid’ policies have furthered the demand for smart
meters, thus promoting market sales. Moreover, regulations for the installation of sophisticated ‘power
transformers’ can raise market demand in the near future.
In addition, improvisations in existing power grids for enhancement of ‘energy efficiency’ and reduction of
‘losses’ may assist market demand. Conventional transformers are unsuitable for meeting technical & ecological
demands. They could be substituted with bio-friendly products due to their innovative & safety features.
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Developed regions are witnessing growth in cross-border electricity business, incorporating wind & other
renewable energies. This boosts the ‘load flow’ on aging systems, thus driving market growth. Load
amplification and huge supply & transmission losses raise the demand for sub-stations. Owing to consistent
power supply demand and fiscal expansion in some nations, power demand is estimated to experience a
healthy CAGR in the coming years.
Volatility in feedstock costs may hinder the pace of the worldwide power transformer market. The m arket is
categorized into products and geographies. In terms of products, 100 MVA to 500 MVA output power occupied
around 68 percent shares in 2015 and dominates. It was anticipated to undergo profits at nearly 6.4 percent
CAGR over the next few years.
This segment’s adoption across transmission & supply networks for step-up and step-down applications
increases its demand. 801 MVA to 1, 200 MVA is likely to grow at more than 5 percent CAGR from 2015 to
2022. The same can be attributed to escalating energy demand from Brazil, India, China, & other emergent
countries.
With respect to geographies, Asia Pacific stood worth USD 7 billion in 2015. It is expected to be lucrative till
2024. The North American power transformer market will be propelled by industrialization in the United States.
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Table of Content of Power Transformer Market
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Power transformer market snapshot, 2016 - 2024
Chapter 3 Power Transformer Industry Insights
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Power transformer value chain analysis
3.4 Power transformer market dynamics
3.4.1 Key growth drivers
3.4.2 Industry pitfalls & challenges
3.5 Key growth opportunities
3.6 Porter’s analysis
3.7 Company market share analysis, 2016
3.8 PESTEL analysis
Chapter 4 Power Transformer Product Insights
4.1 Power transformer market volume share by product, 2016 & 2024
4.2 100 MVA to 500 MVA
4.2.1 Market estimates and forecasts, by region, 2016 - 2024
4.3 501 MVA to 800 MVA
4.3.1 Market estimates and forecasts, by region, 2016 - 2024
4.4 801 MVA to 1200 MVA
4.4.1 Market estimates and forecasts, by region, 2016 - 2024
Chapter 5 Power Transformer Regional Insights
5.1 Power transformer market volume share by region, 2016 & 2024
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5.2 North America
5.2.1 North America market by product, 2016 - 2024
5.3 Europe
5.3.1 Europe market by product, 2016 - 2024
5.4 Asia Pacific
5.4.1 Asia Pacific market by product, 2016 - 2024
5.5 Latin America
5.5.1 Latin America market by product, 2016 - 2024
5.6 MEA
5.6.1 MEA market by product, 2016 - 2024
Chapter 6 Competitive Insights
6.1 ABB Ltd.
6.2 Alstom SA
6.3 Bharat Heavy Electricals Ltd. (BHEL)
6.4 Crompton Greaves (CG)
6.5 General Electric (GE)
6.6 Hyosung Power and Industrial Systems Performance Group
6.7 Hyundai Heavy Industries Co. Ltd.
6.8 Mitsubishi Electric Corporation
6.9 Siemens Energy
6.10 Toshiba Corporation
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