“The Power Transformers market set to grow to $45 bn by 2028” says Visiongain report

30 July 2018
Energy

Visiongain has launched a new energy report The Power Transformers Market Forecast 2018-2028: Forecasts by Phase (Single, Three), by Insulation (Gas, Oil, Dry, Air, Others) and by Rating (Low, Medium, High) Plus Profiles of Leading Companies and Regional and Leading National Market Analysis.

As the world gradually, but perceptibly, transitions from finite fossil fuel power generation toward renewable and sustainable forms of electricity supply, further pressure is placed on electrical grids. A Power Transformer is a static piece of apparatus with two or more windings which, by electromagnetic induction, transforms a system of alternating voltage and current into another system of voltage and current usually of different values and at the same frequency for the purpose of transmitting electrical power. The Power Transformers market is mainly driven by the rising demand for effective energy usage, growing adoption of renewable energy and the need for efficient grid infrastructure.

The Visiongain report analyst commented "The Power Transformers market is expected to witness a high growth on account of ongoing government plans toward the expansion of transmission and distribution networks. Increasing measures by the government to facilitate efficient and reliable electrification and decentralised electricity supply will boost the demand for Power Transformers globally. Measures toward grid prevention and blackouts will enhance the demand for automation across substations. In addition, governments aim to provide reliable and continuous electric supply and this will positively impact power transformer expansion over the coming years."

Leading companies featured in the report who are developing power transformer technology include ABB Ltd., General Electric Company, Toshiba Corporation, Siemens AG, Schneider Electric SE, Hitachi Ltd., Mitsubishi Electric Corporation, Crompton Greaves Limited, Hyosung Corporation, Bharat Heavy Electricals Limited and Fuji Electric Co. Ltd.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongaing.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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