Medium Power Transformers Market:
WiseGuyReports.com adds “Medium Power Transformers Global Market Report 2020-30” reports to its database.
Executive Summary
The global medium power transformers market was worth $77.37 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.28% and reach $106.33 billion by 2023.
The medium power transformers market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa. In 2019, Asia-Pacific was the largest region in the medium power transformers market.
The medium power transformers market consists of sales of medium power transformers. Medium power transformers are used in lowering voltages to the level required and are eligible for voltage regulations. These types of transformers are mostly used in the manufacturing and construction industries. Medium power transformers manufacturing establishments manufacture power transformers with ratings of 501 MVA to 800 MVA. The medium power transformers market is segmented into single-phase and three-phase.
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The medium power transformers market covered in this report is segmented by end-user into residential, commercial, industrial.
Volatility in prices of several raw materials such as steel and copper restrained the market for medium power transformers in the historic period. Steel and copper are predominantly used in the manufacture of transformers. Increased tariffs on raw materials such as steel and copper, increased the volatility of prices, thereby limiting the growth of the market for medium power transformers. For instance, in 2018, the USA imposed 25% and 10% tariffs on the import of steel and aluminum respectively.
Transformer manufacturing market is moving towards the evolution of independent and self-regulating smart transformers. Smart transformers are programmed to constantly regulate voltage and maintain contact with the stakeholders and provide information and feedback on the power supply. They provide the exact amount of power that is needed and respond to fluctuations through a process known as voltage optimization. They significantly reduce greenhouse gas emissions and power consumption as they supply electrical equipment with the ideal amount of power. For instance, in 2018, the US Department of Energy (DOE) invested $7.5 million to support research and development of smart transformers for grid resiliency. Companies should consider investing in technologies to produce smart transformers for commercial establishments.
Favorable government policies to increase electrification contributed to the growth of the market in the historic period. Countries around the world are implementing several initiatives to increase electrification across the countries. For example, in 2017, the government of India launched the ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ to achieve 100% electrification in the country. In 2019, the Indian government launched the ‘One Nation One Grid’, an initiative aimed at offering affordable power to all the states. These initiatives increased the market for medium power transformers in the historic period.
In June 2019, Pioneer Transformers L.P., a manufacturer of energy efficient liquid filled transformer, acquired Power Partners, LLC from OpenGate Capital for an undisclosed amount. This acquisition helps Pioneer transformers diversify its customer base and compliments its products profile. Power Partners manufactures pole-mount and pad-mount power transformers.
Major players in the medium power transformers market are Siemens AG, ABB Group, General Electric Company, Fuji Electric Co. Ltd., Hitachi, Ltd., Schneider Electric SE, Eaton Corporation PLC, Mitsubishi Electric Corporation, Jinpan International USA Ltd.
Continuous…
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Medium Voltage Switchgear Market:WiseGuyReports.com adds “Medium Voltage Switchgear Global Market Report 2020-30” reports to its database.Executive SummaryThe global medium voltage switchgear market was worth $20.58 billion in 2019.
It is expected to grow at a compound annual growth rate (CAGR) of 10.89% and reach $31.12 billion by 2023.The medium voltage switchgear market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa.
The medium voltage switchgear is the combination of electrical switches, fuses or circuit breakers used to operate, secure and separate electrical equipment.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5247112-medium-voltage-switchgear-global-market-report-2020-30The medium voltage switchgear market covered in this report is segmented by insulation into air, gas, oil, vacuum.
It is also segmented by installation into outdoor, indoor and by application into residential, commercial, industrial, utility.Stringent environment and safety regulations in the manufacturing of medium voltage switchgear is hindering the market’s growth.
Therefore, stringent environment and safety regulations are limiting the medium voltage switchgear market’s growth.Development of eco-efficient switchgear has become an emerging trend in the medium voltage switchgear market.
Eco-efficient switchgear is an alternative to greenhouse gas sulfur hexafluoride (SF6) for improved eco-efficiency and less environmental impact.
The Business Research Company’s latest report Medium Power Transformers Global Market Report 2020 covers Medium Power Transformers market drivers, Medium Power Transformers market trends, Medium Power Transformers market segments, Medium Power Transformers market growth rate, Medium Power Transformers market major players, and Medium Power Transformers market size.
The report provides in-depth analysis of the impact of COVID-19 on the Medium Power Transformers industry, along with revised market numbers due to the effects of the coronavirus.
View Complete Report:https://www.thebusinessresearchcompany.com/report/medium-power-transformers-global-market-report-2020-30-covid-19-impact-and-recoveryMedium Power Transformers Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2798=smpThe global medium power transformers market was worth $77.37 billion in 2019.
It is expected to grow at a compound annual growth rate (CAGR) of 8.28% and reach $106.33 billion by 2023.
