The development of next-generation transformers is one of the major trends upcoming in the electric transformer market.
Global Electric Transformer Market 2015-2019 research report says growing significance of renewable power generation will spur growth in the electrical transformer market for next few years with ABB, Alstom SA, General Electric (GE), and Siemens AG featured as key vendors in the industry.
Development of next-generation transformers is one of the major trends upcoming in the electric transformer market. Several vendors are developing advanced transformers with enhanced functionality to consolidate their existing market position. They are incorporating high-grade steel and copper to boost manufacturing of high-end power transformers. The global electrical transformer market 2015-2019 is expected to grow at a CAGR of 5.90% during the forecast period of 2014-2019.
According to this research on the electric transformer market, low cost of operation and increased domestic consumption in China and India have enticed several foreign companies who are setting up manufacturing bases in these countries.
Increased urbanization and rapid economic growth have led to a rise in electricity demand. Growing industrial activity in these countries has increased electricity consumption. Therefore, these countries will likely invest more into power infrastructure to meet the growing demand. This is expected to fuel the demand for power and distribution transformers, in turn.
Countries all over the world are moving toward renewable power sources such as wind and solar to meet their carbon emission targets and reduce dependence on fossil fuels. The US and China are rapidly increasing their solar and wind power capacity. Germany, Poland, Sweden, Turkey, and the UK are also adding wind power systems into their overall power generation indexes.
In addition to ABB, Alstom Grid, GE and Siemens, this electric transformer market research mentions companies like Acme Electric, Altrafo, CELME, Crompton and Greaves, EREMU, GE Digital Energy, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries, J Schneider Elektrotechnik, Layer Electronics, LS Industrial, MACE, Mitsubishi Electric, Ormazabal, Ruhstrat, SPX Transformer, Tebian Electric Apparatus Stock, Toshiba, XD Group and YangZhou Power Electric.
For ascertaining the electric transformer market size and vendor share, the report considers revenue generated from the sales of electric transformers. The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
On similar lines, another research titled Global Electrical Transformer Market to 2018 – Market Size, Top 10 Countries, Trends, and Forecasts is a package offers the most up-to-date market data on the actual market situation, trends, and future outlook for electrical transformers in the world and in the top 10 global countries.
Along with a global electrical transformer market report the package includes country reports from countries like Austria, China, India, Italy, Japan, Russia, Saudi Arabia, South Korea, Turkey and United States. The reports include historic market data from 2007 to 2013 and forecasts until 2018, which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
The product segments discussed in the data reports include: Ballasts for discharge tubes and lamps, Liquid dielectric transformers (capacity less than 650 KVA), Liquid dielectric transformers (capacity 650-10,000 KVA), Liquid dielectric transformers (capacity more than 10,000 KVA), Other electrical transformers (capacity less than 1 KVA), Other electrical transformers (capacity 1-16 KVA), Other electrical transformers (capacity 16-500 KVA) and Other electrical transformers (capacity more than 500 KVA).
Read more at http://www.reportsnreports.com/reports/377398-power-distribution-transformers-world-report.html.
The complete report on electric transformer market spread across 94 pages, providing analysis of four major companies supported with 49 exhibits is now available here.
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