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.
Developed countries will also be investing significantly, particularly in smart grid infrastructure and renewable energy integration.
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.
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 ReportThis study provides an overview of the global transformer market, tracking five market segments across four geographic regions.
The scope of the study segments the global transformer market by type, by end-users, and by regions.Global Transformer Market, By TypeDistribution TransformerPower TransformerOthersGlobal Transformer Market, By Power RatingSmall PowerMedium PowerLarge PowerGlobal Transformer Market, By Cooling TypeOil-Cooled TransformerAir-Cooled TransformerGlobal Transformer Market, By InsulationDry TypeLiquid-ImmersedGlobal Transformer Market, By End-UserUtilityResidential & CommercialIndustrialGlobal Transformer Market, By RegionAmericasEuropeAsia PacificMiddle 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.