Growing energy demand, on a global level, is expected to be the key driving force for the power transformers market over the next six years. Favorable regulatory scenario for the development of low noise and environmentally friendly transformers is also expected to drive the market over the forecast period. Increasing investment in power plant infrastructure in developing markets of Asia Pacific is expected to boost regional demand.
The market in North America and Europe is expected to primarily be driven by need for replacing aging equipment. Smart grid and super grid development initiatives are expected to be a considerable opportunity for market participants. Volatility in prices of key raw materials such as steel and copper is expected to be a barrier for industry growth.
For more information about research report, visit here:http://www.radiantinsights.com/research/power-transformers-market-analysis-by-product-100-mva-to-500-mva-501-mva-to-800-mva-801-mva-to-1200-mva-and-segment-forecasts-to-2020
Further key findings from the study suggest:
Global power transformers shipments were estimated to be 11,352 units in 2013, and are expected to reach 16,994 units by 2020, growing at a CAGR of 5.9% from 2014 to 2020.
Power transformers with a rating of 100 MVA to 500 MVA are expected to continue dominating global demand, and accounted for over 73% of the overall market volume in 2013.
It is also expected to be the fastest growing segment, at an estimated CAGR of 6.4% in terms of revenue from 2014 to 2020.
Asia Pacific accounted for over 40% of the market in 2013; it is also expected to grow at the fastest CAGR of 6.6% in terms of revenue from 2014 to 2020.
Growing population as well as increasing demand for electricity is expected to fuel the market in this region over the forecast period.
Companies operating in the market include ABB Ltd., Alstom SA, General Electric, Siemens Energy and Toshiba Corp. among others. New product development and innovation in order to meet regulatory requirements and address growing demand are among the key strategies employed for market expansion.
Table of Contents
Chapter 1 Executive Summary
1.1 Power Transformers - Industry Summary & Critical Success Factors (CSFs) Chapter
2 Power Transformers Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Value Chain Analysis
2.4 Power Transformers Market Dynamics
2.4.1 Key Driver Analysis
2.4.1.1 Increasing demand for energy
2.4.1.2 Increasing investment in power plant infrastructure by developing countries
2.4.1.3 Upgradation of existing networks in developed countries
2.4.1.4 Favorable regulatory scenario
2.4.2 Key Restraint Analysis
2.4.2.1 Increase in raw material prices
2.4.2.2 Economic slowdown
2.5 Key Opportunities Prioritized
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
No comments:
Post a Comment