Maximize
asset utilization, existing transmission systems are often operated
at stressed limits of their performance capability. With increasing
cost pressures the utilities are seeking economical options for power
transmission and distribution. Three phase transformers are much more
economical than single phase transformers. Power loads arising from
large industrial consumers and commercial complexes can be
effectively met using three phase transformers as compared to single
phase transformers. Substantial cost reduction can be achieved by
installing these transformers in power applications. There is an
increasing demand for reliable technology related to the management
of power flow within the power systems. The installation of such
systems allows the grid operator to manage the costs of power
transmission in a better manner and utilize the infrastructure.
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With
the increase in power generation from renewable sources the
transmission grids are operating at maximum levels in many regions.
Three phase transformers are crucial components in the ongoing strive
for improved network efficiency. The market for three phase
transformers is anticipated to grow at a substantial rate owing to
need cost effective solutions in the power industry. Increasing power
demand from industrial sector and need for cost efficient instruments
in power distribution sector are the primary drivers bolstering
investment in three phase transformer market. The three phase
transformers allow heavy duty machineries to operate in an efficient
manner as voltage can be transmitted for long distances using a small
conductor. A single three phase transformer is much more economical
than a bank of three single phase transformers. The increasing cost
of standby units in three phase transformers and the inconvenience in
maintenance are some of the major restraints impacting the growth of
the market.
The
three phase transformer can be segmented based on the method of
construction as two core and single core. The method of construction
can further be segmented on the basis of design as symmetrical design
and asymmetrical design. To influence the power flow, a symmetrical
design only alters the phase shift angle keeping voltage magnitude
constant. Whereas, on the other hand an asymmetrical design alters
the both the phase shift along with the voltage magnitude, to change
the reactive power flow.
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Developing
economies such as India, China, Russia, South-Africa and Brazil are
likely to be attractive market for three phase transformers. With
huge investments proposed in transmission sector and upcoming
long-distance projects, these regions are anticipated to provide a
major market for development of three phase transformers. Asia
Pacific has planned large investments in transmission sector and
upcoming long-distance projects; this region is anticipated to
provide a major market for development of three phase transformer.
Countries such as China and Japan have invested significant amounts
for the development of this market. Latin American and Africa is also
expected to boost investments in power sector which would further
enhance investment in three phase transformer market. Many power
infrastructure development projects are planned in these regions of
the world. Power transmission and distribution infrastructure is also
expanding in Middle East regions. Countries such as Kuwait are also
anticipated provide growth opportunities to the three phase
transformer market in future years.
Some
of the major players investing in this market are Hitachi
Corporation, Mitsubishi Corporation, Siemens AG, Areva SA, Moloney
Electric Inc., Delta Transformers Pvt. Ltd., SNC Manufacturing Co,
Inc., Eaton Corporation Plc., Powertronix Corporation, and Estel
Company Limited.
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This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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