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Power Transformer Market Key Players Analysis, Trends and Competitive Strategies, 2020

In the year 2013, the global power transformer market comprised of over 11,300 units and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $ 18 million as of 2013.<br>

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Power Transformer Market Key Players Analysis, Trends and Competitive Strategies, 2020

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  1. Power Transformer Market Revenue Drivers, Growth Opportunities, Supply Chain Analysis and Forecast Research Report Till 2020 “In the year 2013, the global power transformer market comprised of over 11,300 units and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $ 18 million as of 2013.” The global Power Transformer Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: In the year 2013, the global power transformer market comprised of over 11,300 units and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $ 18 million as of 2013. Competitive Landscape: Major players such as Alstom SA, Siemens AG, ABB Ltd., Crompton Greaves Ltd., Toshiba Corp and GE Co., dominate the power transformer market. Improvement in the production capacities and increase in the product life are few strategies that are being adopted by these players to maintain their significant share. HVDC, shunt reactors, light and phase shifting variants are provided by various firms to enrich their product portfolio. Autotransformer, substation and auxiliary, general setup are included in GE portfolio. In order to provide smart grid solutions, Crompton Greaves completed a contract with Saudi Electricity Company (SEC) worth $ 3.6 million.

  2. Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/power-transformer-market/request-sample Growth Drivers: Increase in the demand for electricity in the rapidly developing nations along with those who are already developed coupled with increase in the amount of investments in infrastructure is expected to drive the market over the next few years. Smart meters which are the result of high demand and supportive initiatives are anticipated to positively impact the market. Government obligations to install advanced power transformers and to modernise existing grids to minimize the losses and enhance efficiency will also positively impact the power transformer market globally. Increasing awareness about reduction in the pollutants-emission and protection of environment is driving the development of smart grid and super grid. Furthermore, replacement of Polychlorinated Biphenyls (PCB), service expansion in resource-based industries and growth in green initiative awareness is expected to fuel the market over next few years. However the ever changing prices of raw materials such as copper and steel and crude oil in the global market along with pressurization by manufacturers can act as a restraint over the forecast period. Product Outlook: 100 MVA to 500 MVA 501 MVA to 800 MVA 800 MVA to 1200 MVA Regional Insight: 40% of the total revenue generated from power transformers was from the region of Asia-Pacific in the year 2103 and is forecasted to acquire significant gains over the next five years due to the rapid economic developments and need of nations for uninterrupted power supply. Due to increasing modernization and industrialization, North American region will be the emerging market over the next few years. Numerous environmental protection initiatives undertaken by the European nations to implement green transformers will drive the market over the forecast period. Browse Related Category Research Reports @ https://blog.naver.com/tomclark

  3. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Asia Pacific Global Headquarters Million Insights Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Phone: 91-20-65300184 Email: sales@millioninsights.com

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