Power Transformer Market trends research and projections for 2017 – 2024

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Power Transformer Market share research by
applications and regions for 2017 2024
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Global Market Scenario of Furfural Industry

• Economic growth, demand for power and the need to
  efficiently integrate renewable power generation
  is anticipated to drive the power transformer
  market over the forecast period. Pressure on
  transmission systems have caused in longer lines
  and higher currents and voltages, has raised the
  demand for higher rated and more efficient power
  transformers across the globe. Moreover,
  developments majorly focusing on the major
  components such as windings, core, insulation and
  cooling systems is expected to propel the power
  transformer market size over the future. For
  instance, power transformers make use of grain
  orientated steel materials for the core. Recent
  developments in the market have led to the
  increased usage of even thinner material
  thickness to reduce losses.
• Furthermore, rising demand for smart transformers
  to address the increasing demand for electricity
  across the globe offers significant growth
  prospects to the power transformer market share.
  These devices are an essential part of the smart
  grid and offer regulated power supply with
  frequent feedback and monitoring for outage
  prevention. Moreover, they improve efficiency of
  grids coupled with reduction in electricity
  wastage.

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• Fluctuations in the prices of components used in
  transformers may negatively impact the power
  transformer market size. In addition,
  standardization issues and high capital cost
  involved in transforming the traditional
  infrastructure owing to the growing
  industrialization and modernizations may impose
  challenges to the industry. Technology upgrades
  are not easily attainable owing to the lack of
  skilled manpower shortage, adequate testing
  facilities, and uncertainty in government norms
  and standards, which may hinder the power
  transformer market.
• Reasons to Buy This Report
• 1. Power Transformer Market size share
  forecast by product application, 2015-2022
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Power Transformer Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Small power transformer market share dominated
  the global revenue with over 68 in 2014 owing to
  the low installation cost and high demand across
  utility and healthcare sectors. The manufacturing
  and procurement of large power transformers is an
  intricate process, which includes large
  manufacturers, the purchase of raw materials, a
  competitive bidding process, and exclusive modes
  of transportation owing to its weight and size.
  In addition, the breakdown of a solitary unit of
  a large transformer can cause temporary service
  disruption and lead to collateral damage.

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Research Methodology
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