The
market was valued at USD 17.12 billion in 2012, which is expected to
reach USD 28.69 billion by 2019, growing at a CAGR of 7.7% from 2013
to 2019. In terms of volume, the demand for power transformers was
10,474 units in 2012, which is expected to reach 17,283 units by
2019, growing at a CAGR of 7.5% from 2013 to 2019.
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the full report at Power Transformers Market
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Increase
in demand for energy on a global scale is expected to drive the power
transformers market over the next few years. In addition, need for
upgrading aging equipment is estimated to be a critical success
factor for profitability of industry participants. Growing awareness
regarding the importance of low carbon emissions and the need for
energy conservation has led to the development of smart grids and
super grids. This is expected to be a significant opportunity for
market growth over the forecast period. Volatility in the prices of
raw materials such as Cold Rolled Grain Oriented (CRGO) steel and
crude oil is expected to act as a restraint to the industry in the
coming years.
Power
transformers of rating between 100 MVA and 500 MVA dominated the
market, and accounted for 68.2% of the overall revenue share in 2012.
Although the unit cost of these power transformers is lower than that
of those with higher power rating, they are expected to generate
higher revenue on account of greater demand. Asia Pacific held the
largest share, and the market in this region was valued at USD 6.85
billion in 2012. It is also expected to be the fastest growing
region, with an estimated CAGR of 8.2% from 2013 to 2019.
The
market is moderately fragmented, with key players across the globe.
Major industry players include ABB Ltd., Alstom SA, Siemens Energy,
Toshiba Corp., and Crompton Greaves Ltd. among others.
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The
report studies the global power transformers market, and provides
estimates in terms of revenue (USD Billion) from 2013 to 2019. Market
estimates on the basis of geography have also been provided for each
range of power rating. The market has been segmented as follows:
Power
Transformers Market - Power Rating Analysis:
- 100 MVA to 500 MVA
- 501 MVA to 800 MVA
- 801 MVA to 1200 MVA
Power
Transformers Market - Regional Analysis:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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all Semiconductor & Electronics Market Research Reports @
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