Global Large Power Transformers Market is expected to reach $67.93 billion by 2027 growing at a CAGR 9.8% during 2019 to 2027.
Some of the key players profiled in the Large Power Transformers Market include ABB Ltd, Crompton Greaves Ltd, General Electric Company, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries Co Ltd, Mitsubishi Electric Corporation, SGB-SMIT International GmbH, Siemens AG, SPX Corporation and Toshiba Corporation.
Some of the factors such as the continual enhancement of technology, rising energy needs and progressive research & development initiatives are propelling the growth of the market. However, increasing investments in T&D infrastructure is restraining the market growth.
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Power transformers connect electrical networks or systems of different voltages to allow power exchange between them. Power transformers are used for power generation, power transmission, electro-intensive industrial applications, and consumer applications.
Based on end user, the residential segment is likely to have a huge demand due to rising demand for electricity, increasing population and rapid urbanization.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the raised demand for energy and the technical developments that took place in this region. China and India are projected to significantly fuel the market owing to the rising electrification in these nations.
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• 100 MVA to 500 MVA
• 501 MVA to 800 MVA
• 801 MVA to 1200 MVA
• Consumer Applications
• Electro-Intensive Industrial
• Power Generation
• Power Transmission
End Users Covered:
• Energy and Utility Sector
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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