Asia Pacific Transformer Market Future Challenges and Industry Growth Outlook by 2021-2027 - PowerPoint PPT Presentation

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Asia Pacific Transformer Market Future Challenges and Industry Growth Outlook by 2021-2027

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Asia Pacific Transformer market will observe an upsurge on account of rising electricity demand together with increasing adoption of advanced transmission and distribution networks Rapid industrialization & urbanization along with large-scale incorporation of renewable generation sources will positively stimulate the industry scenario. Moreover, strict government standards to implement safe, reliable and effective electrical equipment will foster the business landscape. – PowerPoint PPT presentation

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Title: Asia Pacific Transformer Market Future Challenges and Industry Growth Outlook by 2021-2027


1

Asia Pacific Transformer Market Statistics 2021
Industry Growth, Share Regional Forecast To
2027 Graphical Research
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2

Asia Pacific Transformer market will observe an
upsurge on account of rising electricity demand
together with increasing adoption of advanced
transmission and distribution networks Rapid
industrialization urbanization along with
large-scale incorporation of renewable generation
sources will positively stimulate the industry
scenario. Moreover, strict government standards
to implement safe, reliable and effective
electrical equipment will foster the business
landscape.   Closed core transformer market will
witness a significant rise owing to growing
inclination toward smart power grid network along
with rising emphasis for safe and secure systems.
Applicability of these units across medium and
low sized grid networks coupled with increasing
digital transformation across regions including
India and South Korea will improve the business
landscape. Ability to provide mechanical
efficiency, limited flow leakages, lower failure
levels and operational versatility will further
propel the product demand. Ongoing energy
efficiency requirement across industrial,
commercial and residential sector will augment
the Asia Pacific distribution transformer
industry. Large-scale extension of high voltage
networks favored by rising demand for power grid
stability will further propel the product demand.
Favorable government schemes and regulations
including tariff schemes, net metering and
grant-based domestic renewable energy networks
will complement the Asia Pacific Transformer
Market landscape.
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lt 10 MVA transformers will observe an upsurge on
account of increase in power consumption across
commercial and residential establishments. For
instance, In November 2018, ABB launched ABB
Ability TXper digital dry-type transformer which
includes data analytics processing units, data
storage hardware, integrated cloud based system,
temperature sensors, monitoring and control
devices. In addition, Introduction of IOT-based
software to overcome the electricity losses and
enhance the power efficiency will fuel the
product adoption. Pole-mounted transformers will
observe a significant growth on account of its
compact size, ease of installation and low
maintenance cost. Ability of these units to
minimize the risk of damage to animals people
and vandalism will further accelerate the product
demand. In addition, continued modernization and
extension of energy delivery networks of the
industrial and manufacturing sectors will lead to
product adoption. Australia transformer market
is anticipated to witness substantial growth on
account of government efforts to increase
renewable energy share across the overall energy
mix. In addition, ongoing public initiatives and
investments along with growing development of
power generation and distribution sector will
complement the industry scenario. For instance,
extending the hydro grid of the Snowy Mountains
to 500,000 households, the Federal Government is
preparing to strengthen the Australian
electricity supply. Increasing government
projects including refurbishment of existing TD
infrastructure followed by introduction of
renewable based power plants will fuel the Asia
Pacific transformer market landscape. Major
players are focusing toward innovative technology
design to install eco-friendly units which will
fuel the industry landscape. Major leading
players operational in Asia Pacific transformer
market includes Siemens, ABB, Mitsubishi
Electric, Toshiba, Schneider Electric, GE,
Kirloskar Electric, Hyundai Heavy industries,
Swastik Copper, Kotsons and among others.
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About Graphical Research Graphical Research is
a business research firm that provides industry
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