Power transformer is a static device
which transfers the energy from one device to other using inductive coupling
and without changing frequency. A wide range of power transformer designs are
used in electric and electronic power applications. Transformers are
indispensable for the distribution, utilization and transmission of electrical
energy. Power transformers have various types of cores such as laminated steel
cores, air cores, toroidal cores and solid cores. Power transformers used in
various applications are Scott-T, distribution, output, instrument, leakage and
resonant transformers. Growth of overall power generation capacity is driven by
power transformers.
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Size of power transformer varies
according to its application. Power transformers with the size of thumbnail are
used in microphones. Transformers which come in units weighing hundreds of tons
are used for interconnecting the power grid. Two winding power transformers are
used when ratio between high voltage and low voltage is greater than two.
Whereas, when the ratio between high voltage and low voltage is less than two,
auto transformers are used to reduce cost. The demand for power transformer is
expected to grow at a moderate CAGR in forecast period. Increasing urbanization
in developing countries leads to increase in demand for power generation and
transmission, which in turn drives the power transformers market. However,
fluctuating raw material prices can hamper the growth of the market. Market
potential for the Power transformer in APAC, Middle East and Africa is very
high since the generation and distribution infrastructure of electricity is
still nascent.
Some of the key participants in
power transformer market include ABB Ltd., Siemens AG, Alstom SA,
Crompton Greaves Ltd., Hyosung Power and Industrial Systems Performance
Group, Henan Pinggao Electric Co. Ltd., Hyundai Heavy Industries Co. Ltd., NARI
Technology Development Ltd. Co., Mitsubishi Electric Corp., Tebian Electric
Apparatus Stock Co., XD Group and Toshiba Corp. Nascent.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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