Global Power Transformer Market to Grow at a CAGR of 7.6% by 2022 – Rising with the Growing Population & Industrialization – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Power Transformer Market (2017-2022)” report to their offering.

The global market is projected to display a tremendous growth
represented by a CAGR of 7.60% during 2017 – 2022, chiefly driven by
rising demand of electricity, renewable energy integration, smart grid
installations, replacement of aging infrastructure, transmission and
distribution development.

The demand of electricity is rising with the growing population and
industrialization. This has increased the number of power plants
globally and the electricity generation capacity. At the same time,
world requires a sustainable, reliable and affordable energy which has
driven the growth in renewable energy integration and smart grids. These
factors will escalate the demand of power transformers during the
forecast period. Replacement of aging infrastructure, expansion of
transmission and distribution network, new technologies in power sector
will also drive the market in future.

Large rating power transformers are growing at a fast pace due to the
increasing installations of high capacity power plants. At the same
time, wide range of Dry-Type power transformers are being manufactured
due to its large demand. Among the regions, APAC accounts for the
largest regional share in the total power transformer market in 2016 and
is predicted to advance at the highest rate, mainly driven by its
emergence as a manufacturing hub and large scale development in power
sector including projects on renewable energy and smart grid
installation.

Companies Mentioned

• ABB
• GE Grid Solutions
• BHEL
• Crompton Greaves
• Hyundai Heavy Industries
• Mitsubishi Electrical
• Prolec GE

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Strategic Recommendation

4. Power Transformer Outlook

5. Global Power Transformer Market: Growth and Forecast

6. Global Power Transformer Market- Segment Breakdown

7. Global Power Transformers Market: Regional Analysis

8. North America Power Transformer Market: An Analysis

9. Europe Power Transformer Market: An Analysis

10. APAC Power Transformer Market: An Analysis

11. Middle East & Africa Power Transformer Market: An Analysis

12. South America Power Transformer Market: An Analysis

For more information about this report visit https://www.researchandmarkets.com/research/w3ghvf/global_power

Contacts

Research and Markets
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related
Topics: Electricity