Global Transformers Market | Autumn Market Research

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Global Transformers Market
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Summary

• Global Market for Transformers 2018 2024
  estimates that the global Transformers market
  will reach 83.7 billion by 2024, growing at a
  CAGR of 7.5 over the forecast period
  (2019-2024).

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Global Transformers Market to Grow at 7.5 CAGR
Through 2024 Autumn Market Research

• Autumn new market research report Global Market
  for Transformers 2018 2024 estimates that the
  global Transformers market will reach 83.7
  billion by 2024, growing at a CAGR of 7.5 over
  the forecast period (2019-2024). The
  unprecedented demand for electricity due to the
  increasing population in the developing countries
  and the corresponding urbanisation are primarily
  contributing to the growth of the transformers
  market globally.
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• Transformer is a static machine which transfers
  AC electrical power from one circuit to another
  through electromagnetic induction. A transformer
  is used as an efficient voltage converter to
  change the AC voltage as its input to a higher or
  lower voltage as its output without changing its
  frequency.

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Global Transformers Market to Grow at 7.5 CAGR
Through 2024 Autumn Market Research

• The global market for transformers is expected to
  grow at a considerable rate due to change in
  power infrastructure because of the increasing
  demand for electricity. Increasing number of
  commercial and industrial establishments together
  with the increasing use of electrical appliances
  are driving the global demand for electricity.
  Rapid urbanization in the developing countries
  along with an increasing need for replacement of
  transformers, which are almost at the end of
  their service life is also further expected to
  provide a huge boost to the global transformers
  market.

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Global Transformers Market to Grow at 7.5 CAGR
Through 2024 Autumn Market Research

• Recent Developments
• In 2017, WEG announced its acquisition of CG
  Power USA, Inc. The acquisition was limited to
  the Power and Distribution Transformers business
  and was initiated to complement WEG product line
  and to help the company increase its market share
  in North American market. In addition, with this
  acquisition, the company aims to rapidly expand
  its business in transmission and distribution
  internationally.
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• The rising awareness regarding energy efficiency
  is expected to shape the transformers market in
  the company. The vendors in the transformers
  market are increasingly focusing on increasing
  efficiency levels and reducing CO2 emission
  levels to effectively comply with stricter
  environmental norms.

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Global Transformers Market to Grow at 7.5 CAGR
Through 2024 Autumn Market Research

• Asia-Pacific and European Regions to Account for
  the Dominant Market Demand
• By 2024, Asia-Pacific and European region are
  estimated to collectively account for more than
  70 of the market. Factors such as upgradation of
  power and distribution infrastructure,
  replacement of equipment at the end of their
  service life, and the development of heavy
  industries and renewable energy industry is
  driving the market forward in these regions. The
  key factor that will further enhance the market
  is the positive regulatory reforms favouring
  energy efficiency in these regions.
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• Distribution Transformers to Continue to Hold the
  Majority Market Share
• Distribution Transformers are used for stepping
  down the voltage to a standard voltage and are
  placed near or at the consumers premises. In
  terms of value, the distribution transformers
  accounted for nearly 50 share of the overall
  transformers market size for the year 2018.

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Global Transformers Market to Grow at 7.5 CAGR
Through 2024 Autumn Market Research

• The market for distribution transformers is
  driven by the increasing cumulative demand for
  electricity, which will increase the number of
  power plants, power grids and new electrical
  networks.
• Global Transformers Market - Key Players
• Some of the key vendors in the global
  transformers market include General Electric,
  Siemens AG, ABB Ltd., Mitsubishi Electric Corp.,
  Alstom SA, and Hitachi Ltd.

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Global Transformers Market to Grow at 7.5 CAGR
Through 2024 Autumn Market Research

• Global Transformers Market - Segmentation
• By product type Distribution, Power, Traction,
  Isolation, and Smart
• By core type Closed-type, Shell-type, and
  Berry-type
• By winding type Two-winding and Auto-transformer
• By cooling type Dry-type and Oil Immersed
• By phase type Three and Single
• By mounting type Pad, Pole, and PC/PCB
• By installation type Outdoor and Indoor
• By region North America, Europe, Asia-Pacific,
  South America, and ROW.

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Global Transformers Market to Grow at 7.5 CAGR
Through 2024 Autumn Market Research

• Intended Audience for Transformers Industry
  Report
• Transformers Manufacturers
• Service Providers
• Potential Investors
• Regional and Global Associations
• Government Organizations
• Research and Consultancy Firms
• Global Transformers Market, Global Transformers
  Market Size, Global Transformers Market Trends,
  Global Transformers Market Price, Global
  Transformers Market Share, Global Transformers
  Market Report

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