APAC Transformer Market Regional Trend & Growth Projections By 2021-2027

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Asia Pacific Transformer Market Size 2021 -
Industry Trends Report to 2027 Graphical Research
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APAC Transformer Market size is estimated to grow
significantly during the forecast period,
according to a latest forecast report by
Graphical Research. The Asia Pacific industry
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 industry
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. The 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. Major players are focusing on innovative
technology design to install eco-friendly units
which will fuel the industry landscape. Major
leading players operational in 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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Segmentation of Asia Pacific Transformer
Market Asia Pacific Market, By
Core Closed Shell Asia Pacific Market, By
Product Distribution Transformer Power
Transformer Current Potential Asia
Pacific Market, By Application Residential
Commercial Utility Industrial The above
information has been provided for the following
countries Asia Pacific  China India Japan South
Korea
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reserved.


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