Power transformers are used to connect electrical networks of different range voltages. They enable an exchange of power between these networks. Power transformers have a wide range of applications across various industries such as chemical plants, mining, etc. The market is driven by increasing power consumption, favourable government regulations and evolving technologies in developed countries. However, the volatile price of raw materials significantly hinders the adoption of power transformers. There is a growing demand for renewable and environmentally friendly energy sources. This greatly boosts the global power transformer market. Increasing energy consumption and the energy crisis in developing economies has brought the very efficient power transformers to the forefront in countries such as China, India, Brazil, Canada and Germany. The key players profiled in the report are ABB Ltd, BHEL, Alstom SA, Toshiba Corp., Mitsubishi Electric Corp., and Siemens Energy.
For the purpose of analysis, the market is segmented according to power rating, industries and regions. In terms of power rating, the market is categorized into low, medium and high rating. The market is segmented according to industries into IT/ITES, BFSI, construction, hospitality, SMEs and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East and Africa (LAMEA).
Key Benefits
For the purpose of analysis, the market is segmented according to power rating, industries and regions. In terms of power rating, the market is categorized into low, medium and high rating. The market is segmented according to industries into IT/ITES, BFSI, construction, hospitality, SMEs and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East and Africa (LAMEA).
Key Benefits
- Market segmentation is conducted according to power rating, industries and regions; this would enable stakeholders to identify the segments of importance
- Value chain analysis provides valuable insights with regard to the roles of stakeholders involved in the supply chain of the market
- Porter’s Five Force analysis illustrates the potency of suppliers & buyers and the competitive landscape of the market, enabling stakeholders to formulate appropriate strategies to gain traction in the market
- Quantitative analysis of the current market and estimations through 2014-2020 are provided to showcase the financial caliber of the market
Source: https://www.alliedmarketresearch.com/power-transformers-market
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