Large Power Transformers Market

Large Power Transformers Market to Grow at a CAGR of 7.8% from 2014 to 2020 due to
Environmental Benefits it Delivers
A new research report published by Transparency Market Research states that the global large
power transformers market is poised to grow at a positive pace in the coming years. The report,
titled “Large Power Transformers Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2020”, includes a comprehensive view of the market that has been
compiled using credible research resources and accurate analysis techniques.
According to the research report, the global large power transformers market was worth US$18.3
bn in 2013. From 2014 to 2020, the market is expected to grow at a CAGR of 7.80% to reach a
figure of US$31 bn by 2020 in terms of revenue. In terms of volume, the demand for large power
transformers stood at 11,223 units in 2013 and is expected to reach 18,709 units by 2020,
growing at a CAGR of 7.70% from 2014 to 2020.
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The stupendous growth of the global large power transformers market will be attributable to the
several environmental advantages they render to users at large. Stringent environmental
regulations, increasing pressure of global warming, and governmental interventions for low
emissions and water conservation are encouraging companies to opt for green transformers. The
green revolution has also succeeded in motivating companies such as Alstom and Crompton
Greaves Ltd. to develop environment-friendly units. Keeping in line with this demand, Crompton
Greaves Ltd. has designed and installed quiet power transformers that can be used in wildlife
reserves and other areas where the surroundings cannot be disturbed with noise.
The global large power transformers market is segmented on the basis of power rating and
geography. The power ratings in the global large transformers market are 100 MVA to 500
MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Geographically, this market is
segmented into Europe, North America, Asia Pacific, and Rest of the World.In terms of power
rating, the 100 MVA to 500MVA large power transformers segment is likely to grow at the
fastest pace to grab the biggest share in the overall market due to its increasing adoption in utility
companies. The application of 801MVA to 1200 MVA power rating transformers will be mainly
for HVDC and UHVDC power generation in the Middle East and Asia Pacific due to the
increasing energy demands of the emerging economies in these regions in the near future.
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Some of the important players in the global large power transformers market are TBEA Co. Ltd.,
ABB Ltd., Crompton Greaves Ltd., Alstom SA, Hyundai Heavy Industries Co. Ltd., Siemens
AG, Hyosung Power & Industrial Systems Performance Group, and GE Co., among others. The
research report profiles these key players to give an in-depth insight into their financial
overview, investment outlook for the coming years, research and development activities, product
portfolio, and business and marketing strategies. The research report also gives a SWOT analysis
and Porter’s five forces analysis of the important players in the global large power transformers
market to help the readers make important business decisions.

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