Market Scenario of Transformer Market
Transformers cover a very diverse subject area that encompasses both, small and very large components. Transformers can be segmented on the basis of type as distribution transformer, power transformer and others, which includes instrument transformer. Transformer systems have been governing the renewable and non-renewable energy markets in recent years owing to its ability to transmit & distribute the energy in the form of electricity through reducing the current ampere and increasing the voltage and vice versa, to supply power according to end-user needs.
The global rise in conventional and non-conventional power generation is creating a wide scope for the development of electrical components on large scale. The biggest new investment over the succeeding decade will be in China and India as they seek to encounter rising electricity demand while renovating their grids. Developed countries will also be investing significantly, particularly in smart grid infrastructure and renewable energy integration. Transmission and distribution investment is expected to be significant in all major geographies. The growing urbanization and industrialization with development of new data centers across the world, are continuously enhancing the technological aspects. This advancement has created a growing demand for electrical appliance and infrastructure in utility, residential & commercial and industrial sectors. The growth is inter-related with the growth in the transmission and distribution network, so as to supply power to these sector with appropriate power rating and frequency. All these major factors contribute hugely in the development of new transmission and distribution network across the globe, which indirectly boosts the transformer market.
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Global Transformer market was valued at USD 39,316.8 million in 2016 and is estimated to reach USD 64,514.9 million by 2023 with a CAGR of 7.43% over the forecast period.
Key Players
The key players of global transformer market are ABB Ltd., (Switzerland), Eaton Corporation plc (Ireland), Schneider Electric (France), Siemens AG (Germany), and Crompton Greaves Ltd. (India). Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Bharat Heavy Electricals Limited (India), Hyosung Power & Industrial Solutions (South Korea) and SPX Transformer Solutions, Inc. (U.S.) are among others.
Scope of the Report
This study provides an overview of the global transformer market, tracking five market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global transformer market by type, by end-users, and by regions.
Global Transformer Market, By Type
- Distribution Transformer
- Power Transformer
- Others
Global Transformer Market, By Power Rating
- Small Power
- Medium Power
- Large Power
Global Transformer Market, By Cooling Type
- Oil-Cooled Transformer
- Air-Cooled Transformer
Global Transformer Market, By Insulation
- Dry Type
- Liquid-Immersed
Global Transformer Market, By End-User
- Utility
- Residential & Commercial
- Industrial
Global Transformer Market, By Region
- Americas
- Europe
- Asia Pacific
- Middle East & Africa
Oil-Cooled Transformer by cooling type segment, small power by power rating segment, power transformer by type segment, liquid Immersed by insulation segment and utility by end-user segment are expected to hold the largest market size in forecast period.
The transformer market has been segmented based on cooling type, power rating, type, insulation, and end-user. On the basis of cooling type, Oil-Cooled Transformer accounted for the largest market share of 57.2% in 2016, with a market value of USD 22,493.1 million. It is projected to register the highest CAGR of 7.68% during the forecast period. Based on power rating, Small Power accounted for the largest market share of 45.5% in 2016, with a market value of USD 17,881.3 million; projected to witness a CAGR of 7.57% during the forecast period. Based on type, Power transformer accounted for the largest market share of 49.7% in 2016, with a market value of USD 19,540.5 million; projected to register a CAGR of 8.55% during the forecast period. Based on insulation, Liquid-Immersed accounted for the largest market share of 58.6% in 2016, with a market value of USD 23,039.7 million; projected to register a CAGR of 7.61% during the forecast period. Based on End-User, Utility accounted for the largest market share of 43.1% in 2016, with a market value of USD 16,938.5 million; projected to witness a CAGR of 7.79% during the forecast period.
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The global calcium hypochlorite market was valued at around US$ 5 Bn in 2016 and is anticipated to expand at a CAGR of more than 3% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Calcium Hypochlorite – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Expansion in the global calcium hypochlorite market is driven by the rise in demand for fresh water and increase in demand for calcium hypochlorite in pulp & paper applications.
Grab an exclusive PDF sample of this report hereIncrease in Demand for Fresh Water and Decrease in Sources of Fresh Water Expected to Drive Calcium Hypochlorite MarketAccording to the World Bank, in 2016, 783 million people across the globe lacked access to safe drinking water, 2.5 billion people lacked adequate sanitization, and large percentage of hospital beds were populated by people afflicted with waterborne diseases.
More than 100 water reuse facilities are available across the globe.
The powder segment is anticipated to account for the major share of the market in terms of volume in the near future owing to the cost effectiveness of the powder form with respect to other forms.Increase in Urbanization in Developing Economies to Fuel Water Treatment ApplicationsIn terms of application, the calcium hypochlorite market can be divided into water treatment, house cleaners & detergents, agrochemicals, pulp & paper, food & beverage, and others (including algae control in industrial cooling water systems and general industrial sanitization).
The water treatment segment dominated the calcium hypochlorite market in terms of value and volume in 2017 due to the extensive usage of calcium hypochlorite in swimming pools across the globe.Large Customer Base in Developing Countries of Asia Pacific to Create OpportunitiesIn terms of region, the global calcium hypochlorite market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America and Europe held prominent share of the calcium hypochlorite market, as most of the water treatment companies are well established in these regions.
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Request a Free Sample @https://www.marketresearchfuture.com/sample_request/10020 In 2019, Asia-Pacific dominated the battery recycling market in terms of share: MRFR The battery recycling market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America.
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The electric three-wheeler market has registered a significant growth over the past few years in developing nations, such as China, India, Australia, and Brazil, owing to the rising automotive production and growing automotive aftermarket.
The growing demand for eco-friendly vehicles and rising consumer preference for electric vehicles are expected to drive the market growth during the forecast period.Get free sample report @ https://www.marketresearchfuture.com/sample_request/8141 Competitive Analysis Electric three-wheelers are witnessing increasing adoption, particularly in developing economies, along with the development of concept mobility solutions in developed countries in Europe.
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