North America | October 22, 2013

Global Power Transformers Market is expected to reach USD 28.69 billion by 2019

Transparency Market Research published new market report “Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," in which the market was valued at USD 17.12 billion in 2012, which is expected to reach USD 28.69 billion by 2019, growing at a CAGR of 7.7% from 2013 to 2019. In terms of volume, the demand for power transformers was 10,474 units in 2012, and is expected to reach 17,283 units by 2019, growing at a CAGR of 7.5% from 2013 to 2019.

 

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Transparency Market Research published new market report “Power Transformers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” in which the market was valued at USD 17.12 billion in 2012, which is expected to reach USD 28.69 billion by 2019, growing at a CAGR of 7.7% from 2013 to 2019. In terms of volume, the demand for power transformers was 10,474 units in 2012, and is expected to reach 17,283 units by 2019, growing at a CAGR of 7.5% from 2013 to 2019.

View full report at http://www.transparencymarketresearch.com/power-transformer-market.html

Increased demand for energy on a global scale is expected to drive the power transformers market over the next few years, as well as the need for upgrading the aging equipment. Growing awareness regarding the importance of low carbon emissions and energy conservation has led to the development of smart grids and super grids – a significant opportunity for market growth over the forecast period.

Power transformers of rating between 100 MVA and 500 MVA dominated the market, and accounted for 68.2% of the overall revenue share in 2012. Although the unit cost of these power transformers is lower than that of those with higher power rating, they are expected to generate higher revenue on the account of greater demand. Asia Pacific held the largest share, and the market in this region was valued at USD 6.85 billion in 2012. It is also expected to be the fastest growing region, with an estimated CAGR of 8.2% from 2013 to 2019.

Key transformer market players include ABB Ltd., Alstom SA, Siemens Energy, Toshiba Corp., and Crompton Greaves Ltd. among others.

The report studies the global power transformers market and provides estimates in the terms of revenue (USD Billion) from 2013 to 2019. Market estimates based on geography have also been provided for each range of the power rating. The market has been segmented as follows:

Power Transformers Market – Power Rating Analysis:

– 100 MVA to 500 MVA
– 501 MVA to 800 MVA
– 801 MVA to 1200 MVA

Power Transformers Market – Regional Analysis:

– North America
– Europe
– Asia Pacific
– Rest of the World (RoW)

Source: Transparency Market Research