Best Things About Power Transformer Market That Can’t
Know to You
Global energy production has increased over the past decade, from 15,409.0 TWH in 2000 to
23,536.5 TWH in 2014. This has also led to the increasing need for expanding T&D networks
globally; new T&D infrastructure needs USD 1.9 Trillion in cumulative investment by 2024 to meet
the growing energy demands. This includes substations, power lines, and associated equipment
and new technology. Governments worldwide are investing in T&D network expansion projects,
increasing the demand for power transformers. The power transformer market is projected to
reach USD 29.9 Billion by 2020, from USD 20.7 Billion in 2015, at a CAGR of 7.6% during the
forecast period.
The report covers major market players such as ABB (Switzerland), Siemens (Germany), Crompton
Greaves (India), and General Electric (U.S.) among others. These companies together occupy
about half of the power transformer market.
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Scope of the report
On the basis of rating
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Small Power Transformer (Up to 60MVA)
Medium Power Transformer (61 - 600MVA)
Large Power Transformer (Above 600MVA)
On the basis of type of cooling method
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Oil-Cooled
Air-Cooled
On the basis of Region
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North America
South America
Asia-Pacific
Middle East
Europe
Africa