Global Transformer Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Transformer Market Report by The Business Research Company covers transformer market drivers and restraints, transformer market size, major players, and the impact of COVID-19 on the transformer market.
The transformers market consists of sales of transformers and related services which are used in manufacturing of power, distribution and specialty transformers. A transformer transfers energy form one circuit to another. Transformers increase or decrease voltage and current level, increase or decrease capacitor value, prevent direct current from passing between two circuits and isolate circuits.
Favorable government policies to increase electrification contributed to the growth of the transformers market in the historic period. Countries around the world are implementing several initiatives to increase electrification across the countries.
The global transformers market reached a value of nearly $202.7 billion in 2019, having grown at a compound annual growth rate (CAGR) of 8.38% since 2015, and is expected to grow at a CAGR of 8.76% to nearly $283.6 billion by 2023.
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Some transformer market trends include moving towards evolution of independent and self-regulating smart transformers. Smart transformers are programmed to constantly regulate voltage and maintain contact with the stakeholders and provide information and feedback on the power supply. They provide the exact amount of power that is needed and respond to fluctuations through a process known as voltage optimization. They significantly reduce greenhouse gas emissions and power consumption as they supply electrical equipment with the ideal amount of power.
Global transformer market segments include:
1)By Transformer Type: Power Transformer, Distribution Transformer.
2) By Type: Low Rated Transformer, High Rated Transformer.
3) By End User: Utility, Residential & Commercial, Industry.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Transformer Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
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The Transformer Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides transformer market overviews, analyzes and forecasts market size, share, transformer market players, transformer market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The transformer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Transformer Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: ABB, General Electric Corporation, Schneider Electric S.A., Mitsubishi Electric Corporation, Schneider Electric, Mitsubishi Electricis, Toshiba Corporation, Siemens, SGB-SMIT, Hammond Power Solutions, Hitachi, Alstom, Eaton, SPX Transformer Solutions, Kirloskar Electric Company, RITZ Instrument Transformers GmbH, Hammond Power Solutions Inc., TBEA, Jefferson Electric, SPX Transformer Solutions, Mace , Performance Group, Fortune Electric Co., Ltd., Schaffner Holding AG.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Transformer Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Transformer Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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