Albany, NY -- (SBWIRE) -- 06/21/2017 -- The presence of innumerable participants renders the global large power transformers market highly fragmented, states Transparency Market Research (TMR). A majority of companies have been concentrating on the development of low emission and water conservation techniques in order to comply with the strict environmental regulations of government. Several market players are also offering tailor made solutions so as to meet the particular energy needs of their customers.

Numerous hyperscale data center projects across the globe are being undertaken. They are being supplied large power transformers by the leading market players. For instance, AirTrunk announced in May 2017 that it has been planning to create hyperscale data centers in Australia, at Melbourne as well as Sydney. The joint venture of Alstom and General Electric (GE), GE Grid Solutions, will manufacture two gigantic 132 KV transformers.

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The global market for large power transformers is slated to achieve a revenue worth US$31 bn by the end of 2020, estimates the report by TMR. The market is prognosticated to advance at a CAGR of 7.70% between 2014 and 2020.

Growing Deployment of 801MVA to 1200 MVA Transformers by HVDC and UHVDC Bolsters Growth

By power rating, the global market for large power transformers is expected to be led by the 100 MVA to 500MVA segment by 2020. The growth of this segment can be attributed to its increasing popularity among utility companies. However, the 801MVA to 1200 MVA segment is also slated for considerable advancement, thanks to its growing installation by ultra-high voltage, direct current (UHVDC) and high voltage, direct current (HVDC) power generation in Asia Pacific and the Middle East. By region, Asia Pacific bears unequaled potential for growth. The presence of several market participants as well as an organized sector are responsible for the expansion of this regional market. It is therefore expected to surface as the dominant segment in the global market for large power transformers.

Investments in Power Grids Ensure Market Expansion

The development of green transformers that can significantly reduce global warming pressures is one of the key factors boosting the growth of the market. As the global large power transformers market is directly related to rapid advancement of the energy generation and distribution industry, the swelling demand for electricity across the world will level up the expansion of the market. The progress in transmission lines, technological growth in the sphere of power transformers, and replacements of existing transformers with advanced ones have also been responsible for the advancement of the global large power transformers market.

The current initiatives aimed at catering to the needs of their citizens by several governments of emerging nations such as China, India, Indonesia, Cambodia, Thailand, Nigeria, Brazil, and Malaysia are propelling the demand for large power transformers. The growing volume of investments in power grid infrastructure is a primary catalyst of the global large power transformers market, as these transformers occupy a key place in a power grid. The rising awareness pertaining carbon dioxide emissions and their toxicity has also been assisting the growth of the global market for large power transformers.

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On the downside, raw material price fluctuations can restrict the growth of the global large power transformers market. Steel, aluminum, and copper are some such key materials. However, the growing number of solar and wind energy power plants across numerous developed and developing nations of the world will enable the market gain traction despite the presence of this market restraint.

The information presented in this review is based on a Transparency Market Research report, titled, "Large Power Transformers Market (Power Rating - 100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020".