Transparency Market Research (TMR) announces the release of its latest report, titled “Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, which is available for sale on the company website. Based on data furnished by the report, the global power transformers market stood at US$17.12 billion in 2012 and is anticipated to grow to a market value of US$28.69 billion, registering a CAGR of 7.7% from 2013 to 2019. Volume-wise, the power transformers market stood at 10,474 units in 2012. This figure is projected to grow to 17,283 units by 2019. The power transformers market is expected to grow at a compound annual growth rate of 7.5% during the forecast period of 2013 to 2019.
Browse the full Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/power-transformer-market.html
The report segments the power transformers market on the basis of region and power ratings. By power ratings, the three main segments analyzed are 100 megavolt amperes (MVA) to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Regionally, the power transformers market is divided into North America, Asia-Pacific, Europe, and Rest of the World.
Lower-rating transformers have been the most widely used units anywhere in the world and as a result, transformers with a power rating of 100 MVA to 500 MVA dominated the market in 2012, accounting for 68.2% of the revenue share. This segment is projected to grow at a CAGR of 8% from 2013 to 2019. Geographically, Asia-Pacific emerged as the leader of the power transformers market, growing at an 8.2% CAGR during the forecast period. This growth has been attributed to rising energy requirements and technological advancements. Looking to widen their power infrastructure, countries in the Middle East have been identified as lucrative emerging markets for power transformers.
A TMR analyst explains that the power transformers market is principally driven by the escalating demand for energy from all parts of the world. “With rising awareness regarding reduction in carbon footprint, smart grids and super grids have gained significance in recent times. This has received added impetus from favorable government regulations and the upgrading and renewal of existing power networks,” the analyst states, adding, “However, the power transformers market is likely to be hit by volatile prices of raw materials.”
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The global power transformers market is relatively fragmented by nature. Some of the leading players in the worldwide market are Mitsubishi Electric Corporation, Siemens Energy, Crompton Greaves Ltd., GE Co., Bharat Heavy Electricals Limited, Toshiba Corp., Alstom SA, ABB Ltd., Hyundai Heavy Industries Co. Ltd., and Hyosung Power & Industrial Systems Performance Group. The research report studies the competitive landscape of the power transformers market on the basis of criteria such as company and financial overview, business strategies, and developments. The report also conducts a SWOT analysis of individual companies, highlighting and evaluating each player’s strengths, weaknesses, opportunities, and threats.
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