The Global Large Power Transformers Market size is expected to grow from USD 3.80 billion in 2018 to USD XX billion by 2028, at a CAGR of 5.6% during the forecast period. This growth can be attributed to increasing demand for electricity in developing economies and growing investments in renewable energy sources such as solar and wind, which are anticipated to continue over the next decade.
Large Power Transformers, also known as extra-high voltage (EHV) transmission or step-up transformers, play a critical role in the global electricity grid. They help transfer energy from one electrical circuit to another at higher voltages and for longer distances through thin cables. The larger size of these EHV units is necessary because they handle much greater levels of electric current than small distribution transformer connections typically found on residential properties.
On the basis of Types, the market is segmented into 100 MVA to 500 MVA, 501 MVA to 800MVA, and more than 1000 MVA.
100 MVA to 500 MVA Large Power Transformers are devices used for increasing or decreasing voltage and current in an electric power system. This type of large power transformer is suitable for the distribution of electrical energy. It has a capacity between 100 MVA and 500 MVA, with primary voltage from 0kV to 69 kV (other than special cases).
The term 501 MVA to 800MVA Large Power Transformers is used for transformers of a capacity between 500 kV and 800 kV.
Large power transformers are those that have a weight of more than 1000 MVA. These types of large power transformers vary in their rating and the voltage level at which they function. Large Power Transformers can also be employed for sub-transmission applications as well.
On the basis of Application, the market is segmented into Power Generation, Power Transmission, Electro-Intensive Industrial, Consumer Applications.
Large power transformers in Power Generation are used to step up or down voltage. A transformer with a higher ratio of windings will increase the output voltage, while one that has a low Winding Ratio will decrease the output Voltage.
Large power transformers are used to transfer energy from one point of the electrical system to another. They are mainly used in Power Transmission applications.
Electro-intensive industries such as mining, metal, and material processing require large transformer capacity to operate their heavy load machinery. The Transformer can be used for the transfer or distribution of electrical energy between two circuits which are at different voltage levels. As a result, it is widely used across all major industry sectors including Healthcare / Medical equipment; Oil & Gas production facilities; Petrochemical plants; Mining operations, etc. It offers optimum protection from short circuits with zero ground-fault currents within its secondary winding network.
Large power transformers are used in consumer applications to provide a variety of electrical appliances and machines with the proper voltage level required for their operations. The appliance is connected directly or indirectly to the transformer depending upon their ratings, operation requirements, and safety measures followed while using them.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market holds the highest market share in Global Transformer Market and is expected to retain its dominance over the forecast period owing to technological advancement, favorable government policies, and increasing adoption of renewable energy. The Latin American market is estimated to grow significantly during the forecast period due to increasing power consumption across the region.
There are a number of growth factors that contribute to market growth. The increase in demand for electricity, industrialization, and urbanization drive the global power transformer market. Additionally, technological advancements have improved large transformers' efficiency and reduced their weight as well. Furthermore, the availability of low-cost funding from public sources is another factor that drives the global large power transformers market.
Up Market Research published a new report titled “Large Power Transformers Market research report which is segmented by Types (100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA), By Applications (Power Generation, Power Transmission, Electro-Intensive Industrial, Consumer Applications), By Players/Companies ABB, Alstom, Crompton Greaves, Siemens, General Electric, Hyundai Heavy Industries, TBEA Co.”.
|Report Attributes||Report Details|
|Report Title||Large Power Transformers Market Research Report|
|By Type||100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA|
|By Application||Power Generation, Power Transmission, Electro-Intensive Industrial, Consumer Applications|
|By Companies||ABB, Alstom, Crompton Greaves, Siemens, General Electric, Hyundai Heavy Industries, TBEA Co.|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||243|
|Number of Tables & Figures||171|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 100 MVA to 500 MVA, 501 MVA to 800 MVA, 801 MVA to 1200 MVA and By Application Power Generation, Power Transmission, Electro-Intensive Industrial, Consumer Applications.
Some of the companies that are profiled in this report are:
Large Power Transformers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Large Power Transformers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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