Power Transformer Market Size 2020 by Company Profiles, Product Picture, Specification, Shipments, Price, Revenue and Forecast to 2027

Power transformer is a type of transformer used primarily to receive low voltage generator electric power and transmit it across distribution channels across the power grid network. Power Transformer is part of the transmission system and an important element in the power delivery value chain. It facilitates evacuation of power from generating stations and its delivery to the load centers. Global power transformer market was valued at $27.7 billion in 2019, and is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020 to 2027.

Power transformers are generally used in transmission network for stepping up or down the voltage level. These transformers operate at peak load and are designed to have maximum efficiency at full load. Decades of research in the transmission networks has led to an increase in the transmission voltages. Power transformers enable the power transmission low-voltage to high-voltages from one network to the other without change in frequency. Ability to minimize ohmic and core losses on account of transformer material reduction along with propensity to provide enhanced voltage regulation will boost the auto power transformer market share.

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Competitive Rivalry:

As a part of the competitive landscape analysis, the report identifies the major competitors of the power transformer market along with their market share, company profile, current developments, core competencies and investments in each segment as well as product image and specification, sales and market share, material suppliers and major downstream consumers, producing base and price structure. The report provides a comprehensive analysis of the key business leaders and their present business environment and expected future development.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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Scope of the Report:

The report provides an overall analysis of the power transformer market share, size, segmentation, revenue forecasts, and geographic regions covering the study of industry-leading players with respect to their company profile, product portfolio, capacity, price, cost, and revenue. The report analyzes industry drivers, obstacles, latest discoveries, and openings available for newcomers in the market. It provides an industry overview with growth analysis and futuristic cost, revenue, demand, and supply data. Under the regional analysis, this report focuses on product capacity, production, value, consumption, market share, and growth opportunity in regions.

Region wise, the power transformer market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to garner the highest market share during the forecast period due to ongoing power grid expansion projects, namely in India and China. Replacement of existing power transformers and adoption of smart grids will offer fresh opportunities to the global power transformer market.

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Major players in the power transformer industry include Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., EMCO Ltd., General Electric Company, Hitachi Ltd., Kirloskar Electric Co. Ltd., Schneider Electric SE, Siemens AG, TBEA Co. Ltd., and Toshiba Corporation.

The Outlook of Report:

• The report concentrates on the vital entities associated with the power transformer market. Industry characteristics, influencing aspects of the worldwide economy and other factors are featured in the report.
• The report offers crucial and latest information with segmentation, regional analysis, and statistical information to help in understanding the growth opportunities.
• The major players of the market along with their market share, business plans, revenue analysis, demand & supply statistics, latest policies, and growth trends are explained.

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