Electric Power and Distribution Transformers Market to Be Worth $34.998bn in 2016


Power Generation - Apr 4, 2016

This new report, now available on ASDReports, Electric Power & Distribution Transformers Market 2016-2026: Transformer Volumes Demanded, Total MVA Demanded, CAPEX Forecasts by Region and by Five Power Ratings (<100MVA to 1,500MVA) indicates that the power and distribution transformers market will reach a value of $34.998bn in 2016.

The lead analyst of the report commented, “Power and distribution transformer investment is aligned to power T&D infrastructure developments and increases in power network coverage. More efficient transformers are required to reduce power losses and cater for the increasing voltages of long-distance transmission. For local applications, transformers are necessary to ‘step-down’ voltage for commercial and residential consumption.


The global power and distribution market has witnessed a shift to higher power ratings with the demands for power transformers exhibiting the strongest increase over the past decade compared to distribution transformers. There is pressure on utility companies to refurbish and replace the aging transformer population. Transformer manufacturers providing efficient, high-quality transformers at competitive prices will reap the benefits of strong market demands among utility companies. Progressing into the next decade, there is certainly more competition from China, India and South Korea for alternative transformer and material solutions.”

The 296 page report contains 186 tables, charts and graphs that add visual analysis in order to explain developing trends within the transformer market. The report provides CAPEX and volume forecasts (2016-2026) for power transformers and distribution transformers in 6 regional markets, as well as historical data from 2002-2015. The report also includes forecasts for total MVA demand and by power rating (<100MVA, 100-500 MVA, 501-800 MVA, 801-1,200 MVA, 1,201-1,500 MVA) for each regional and national market.

In addition, the report contains project tables detailing under construction and planned transmission & distribution projects throughout the world, profiles of the leading suppliers of transmission & distribution equipment and an expert opinion interview with SGB-SMIT Group.

Read more on ASDReports!

Source : ASDReports - Market Research

Published on Global Energy World: Apr 4, 2016

 
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