(MENAFN Editorial) Global Power Transformer Market by Cooling Type (Oil-Cooled and Air-Cooled), by Power Rating (Small Power, Medium Power and Large Power) and by Region - Global Forecast To 2023 Market Highlights

A power transformer is a device normally used in engineering that alters both the voltage and the current of the electricity passing through it. A power transformer is made up of a coil enclosed around an electromagnet that transfers the electricity. The main application of power transformer is the transmission and distribution of electrical power. These transformers are widely used by power plants, industrial plants and conventional electric utility companies, power transformers are used in the high voltage transmission network to step up and step down the voltage level.

Power transformers are classified based on their cooling types as oil-cooled and air-cooled transformers. The oil-cooled type requires periodic sampling of the oil and more exhaustive maintenance procedure, whereas the air-cooled type uses air as a cooling medium. Oil-cooled transformers are more prone to fire and safety hazard, these factors restrict them to outdoor applications only. Also oil-cooled transformer are cheaper than air-cooled power transformer.

Oil-cooled power transformer market is expected to grow at the highest rate.

The oil-cooled power transformers are expected to hold a larger market size as compared to air-cooled power transformers. This is due to the fact that oil-cooled transformers perform safer operations while dealing with high voltage application. Also, the growing high voltage transmission network extension activities and low manufacturing cost of oil-cooled power transformer.

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Key Players:

The key players of global power transformer market are

ABB Group (Switzerland),

Siemens Ltd. (Germany),

General Electric Company (USA),

Crompton Greaves Ltd. (India),

Toshiba Corporation (Japan),

Hyundai Heavy Industries Co., Ltd. (South Korea),

Mitsubishi Electric Corporation (Japan),

Hyosung Corporation (South Korea),

Bharat Heavy Electricals Limited (India)

SPX Transformer Solutions, Inc. (U.S.A).

Global Power Transformer Market:

Currently, the power transformer market is in the growth stage. This is due to the increase in demand for power, and in cross-border power transmission, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to upgrade transmission grids boost the global power transformer market. The Asia-Pacific region is the leading market for power transformers market and is followed by Europe. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable electricity supply, is driving the market for power transformers. Also R & D and utilization of ultra-high voltage transformer in China and India will drive power transformer market.

The need for uninterrupted electricity supply is growing because of the rise in world population and rapid industrialization. Power outages, which can severely affect productivity & the daily lives of people, and the current necessity for up gradation of existing transmission infrastructure, are driving the market for power transformer, which act as reliable electricity transmission solution.

Currently, the power transformer market is in the growth stage. This is due to the increase in demand for power, and in cross-border power transmission, global initiatives to use more renewable & non-conventional energy sources, smart grids, and the global need to upgrade transmission grids, boost the global power transformer market.

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Table Of Contents

1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis

4 Global Power Transformer Market, By Cooling
4.1 Introduction
4.2 Oil-Cooled
4.3 Air-Cooled

5 Global Power Transformer Market, By Rating

Continue…….

List Of Tables

Table 1 Global Power Transformer Market, By Cooling
Table 2 Global Power Transformer Market, By Rating
Table 3 Global Power Transformer Market, By Regions
Table 4 North America Power Transformer Market, By Cooling
Table 5 North America Power Transformer Market, By Rating
Table 6 U.S. Power Transformer Market, By Cooling
Table 7 U.S. Power Transformer Market, By Rating
Table 8 Canada Power Transformer Market, By Cooling
Table 9 Canada Power Transformer Market, By Rating
Table 10 Europe Power Transformer Market, By Cooling

Continue………

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