Global Power Transformers Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.
Los Angeles, CA -- (SBWIRE) -- 02/25/2019 -- Power transformers are defined as static devices comprising two or more windings; they use electromagnetic induction to transform an alternating current or voltage system into a different system of current or voltage, which has been stepped up or stepped down for the transmission of electric power. Power generating utilities find it highly cost-effective to generate electric power at low voltage levels.
Asia-Pacific was the largest market for power transformers in 2017, and is expected to dominate the market till 2023. Europe is the second largest market, partly due to the replacement of aging infrastructure activities going on in the region. Meanwhile, Asia-Pacific is also the fastest growing market for power transformers, as the region is witnessing some of the largest T&D expansions being carried out due to rapidly increasing demand in countries such as India and China.
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The global Power Transformers market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Power Transformers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Power Transformers market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The following manufacturers are covered:
Bharat Heavy Electricals
Hammond Power Solutions
Hyundai Heavy Industries
LS Industrial Systems
YangZhou Power Electric
MGM Transformer Company
SPX Transformer Solutions
Xi'an XD Transformer
Segment by Regions
Segment by Type
Liquid-immersed power transformer
Dry-type power transformers
Segment by Application
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