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Asia Pacific Transformer Market Size 2021 - Industry Trends Report to 2027

APAC Transformer Market size is estimated to grow significantly during the forecast period, according to a latest forecast report by Graphical Research. The Asia Pacific industry will observe an upsurge on account of rising electricity demand together with increasing adoption of advanced transmission and distribution networks. Rapid industrialization & urbanization along with large-scale incorporation of renewable generation sources will positively stimulate the industry scenario. Moreover, strict government standards to implement safe, reliable, and effective electrical equipment will foster

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Asia Pacific Transformer Market Size 2021 - Industry Trends Report to 2027

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  1. Asia Pacific Transformer Market Size 2021 - Industry Trends Report to 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. APAC Transformer Market size is estimated to grow significantly during the forecast period, according to a latest forecast report by Graphical Research. The Asia Pacific industry will observe an upsurge on account of rising electricity demand together with increasing adoption of advanced transmission and distribution networks. Rapid industrialization & urbanization along with large-scale incorporation of renewable generation sources will positively stimulate the industry scenario. Moreover, strict government standards to implement safe, reliable, and effective electrical equipment will foster the business landscape. Closed core transformer market will witness a significant rise owing to growing inclination toward smart power grid network along with rising emphasis for safe and secure systems. Applicability of these units across medium and low sized grid networks coupled with increasing digital transformation across regions including India and South Korea will improve the business landscape. Ability to provide mechanical efficiency, limited flow leakages, lower failure levels and operational versatility will further propel the product demand. Ongoing energy efficiency requirement across industrial, commercial and residential sector will augment the Asia Pacific distribution transformer industry. Large-scale extension of high voltage networks favored by rising demand for power grid stability will further propel the product demand. Favorable government schemes and regulations including tariff schemes, net metering and grant-based domestic renewable energy networks will complement the industry landscape. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3rw9AvM Request for customization @ https://bit.ly/3rGJtm2 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. < 10 MVA transformers will observe an upsurge on account of increase in power consumption across commercial and residential establishments. For instance, In November 2018, ABB launched ABB Ability TXper digital dry-type transformer which includes data analytics processing units, data storage hardware, integrated cloud-based system, temperature sensors, monitoring and control devices. In addition, Introduction of IOT-based software to overcome the electricity losses and enhance the power efficiency will fuel the product adoption. Pole-mounted transformers will observe a significant growth on account of its compact size, ease of installation and low maintenance cost. Ability of these units to minimize the risk of damage to animals & people and vandalism will further accelerate the product demand. In addition, continued modernization, and extension of energy delivery networks of the industrial and manufacturing sectors will lead to product adoption. The Australia transformer market is anticipated to witness substantial growth on account of government efforts to increase renewable energy share across the overall energy mix. In addition, ongoing public initiatives, and investments along with growing development of power generation and distribution sector will complement the industry scenario. For instance, extending the hydro grid of the Snowy Mountains to 500,000 households, the Federal Government is preparing to strengthen the Australian electricity supply. Increasing government projects including refurbishment of existing T&D infrastructure followed by introduction of renewable based power plants. Major players are focusing on innovative technology design to install eco-friendly units which will fuel the industry landscape. Major leading players operational in market includes Siemens, ABB, Mitsubishi Electric, Toshiba, Schneider Electric, GE, Kirloskar Electric, Hyundai Heavy industries, Swastik Copper, Kotsons and among others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segmentation of Asia Pacific Transformer Market: • Asia Pacific Market, By Core • Closed • Shell • Asia Pacific Market, By Product • Distribution Transformer • Power Transformer • Current • Potential • Asia Pacific Market, By Application • Residential & Commercial • Utility • Industrial • The above information has been provided for the following countries: • Asia Pacific • China • India • Japan • South Korea ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research  Phone:1-800-986-6917Email:sales@graphicalresearch.com Web: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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