Global Transformer Market will grow at 5% CAGR to cross $70bn by 2024: Global Market Insights, Inc.

Transformer Market By Core (Closed, Shell, Berry), By Product (Distribution Transformer, Power Transformer, Instrument Transformer {Current, Potential}), By Winding (Two Winding, Auto-Transformer), By Installation (Outdoor, Indoor), By Cooling (Dry Type {Self-Air, Air Blast}, Oil Immersed {Self Cooled, Water Cooled, Forced Oil}), By Insulation (Gas, Oil, Solid, Air), By Phase (Three, Single), By Rating (≤ 10 MVA, 11 To 60 MVA, 61 To 600 MVA, > 600 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial {Hotels, Hospitals, Apartments}, Utility, Industrial {Railways, Cement, Power, Oil & Gas}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, Russia, UK, Italy, Spain, Netherlands, China, Japan, South Korea, India, Australia) Global Forecast (2017 – 2024)

Selbyville, Delaware, UNITED STATES


Sellbyville, Delaware , Dec. 14, 2017 (GLOBE NEWSWIRE) --

Global Transformer Market is projected to surpass USD 70 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Rising security of supply concerns along with global inclination towards energy conservation will foster the transformer market size. Energy efficiency propositions favoured by expeditious expansion of smart-grid networks will further stimulate the product penetration. In 2017, Sweden, Italy, UK, Germany and France, entered a smart grid agreement. The concord lays investment provisions worth USD 133.7 billion to cater the expansion of smart grid technologies across Europe.

Increasing infrastructural expenditure subject to widespread residential and commercial establishments across developing regions will stimulate the market share. Rising demand for the refurbishment of grid infrastructure coupled with rapid adoption of smart transmission & distribution equipment will further complement the industry outlook. In 2017, East Spring Investments, proposed an investment worth USD 500 million towards the structuring of infrastructure debt across developing economies.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2100

China market in 2016, accounted for an annual installation of over 15 ‘000 units. Ongoing reforms in line with the establishment of a sustainable grid infrastructure will positively influence the product landscape. Stringent norms toward the replacement of fossil fuels with clean energy resources supported by renewable integration target will embellish the business growth.

The > 600 MVA in 2016, accounted over 30% of the global market share. Rapid deployment of high voltage networks to cater the rising electricity demand from industries across Asia Pacific and Africa will embellish the business growth. Ongoing expansion of utility infrastructure along with retrofitting of existing transmission infrastructure will further stimulate the product demand.

Browse key industry insights spread across 800 pages with 1530 market data tables & 17 figures & charts from the report, “Transformer Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/transformer-market

Soaring energy security concerns along with exponential rise in energy consumption will substantially augment the global market size. Increasing complexity of grid infrastructure on account of expanding electricity networks and increasing demand for energy, obligate the adoption of sustainable T&D equipment. In addition, increasing consumer awareness towards the integration of effective energy mix favored by perpetual electrification programs will further complement the industry outlook.

The U.S market will witness sustainable growth owing to rising investments toward the replacement and upgradation of conventional grid networks across the nation. Expeditious expansion of rail-road infrastructure propositions backed by the peninsula corridor electrification program will positively influence the product demand. In 2017, the U.S. Federal Transit Administration allocated funds over USD 100 million to reinforce the expansion of electrical networks to cater the rail infrastructure in California.

 Middle East & Africa market is projected to witness steep progression subject to the rapid expansion of micro-grid networks coupled with the ongoing adoption of decentralized generation technologies. Soaring investments from financial institutions including the African Development Bank (ADB), and the International Finance Corporation (IFC), toward electrification across the nation will further nourish the business landscape. In 2017, The African Development Bank proposed investments worth USD 12 billion to cater the soaring power sector across Africa.

Notable participants in the market include General Electric, ABB, EATON, Siemens, Schneider Electric, Crompton Greaves, Mitsubishi Electric, Hyundai Electric, Hyosung, Toshiba Corp., Daihen, BHEL, Kirloskar, SPX Transformer, Ormazabal, Ruhstrat, and Celme.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2100

Browse Related Reports:

  • Instrument Transformer Market Size 2017 – 2024

Instrument Transformer Market share for 2016 was valued USD 3 billion and the annual installation is set to exceed 50 thousand units by 2024. Rising electricity demand coupled with growing concerns pertaining to grid stability in the recent years will augment the instrument transformer market.
https://www.gminsights.com/industry-analysis/instrument-mransformer-market 

  • Distribution Transformer Market Size 2017 – 2024

Distribution Transformer Market share for 2016 was valued more than USD 18 billion and the annual installation is set to exceed 80 thousand units by 2024. Rising investments across the infrastructural sector subject to pervasive commercial and residential establishments will drive the distribution transformer market share.
https://www.gminsights.com/industry-analysis/distribution-transformer-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter