TechNavio recognizes the following companies as the key players in the Global Power Transformer Market: ABB Ltd., Siemens AG, and Alstom SA.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The increase in power generation capacity is one of the emerging trends in the Global Power Transformer market. In 2011, the world had power generation capacity of around 5 trillion watts according to the US EIA. China and the US each account for around 20 percent of total capacity. The EIA report notes that global power capacity is expected to increase by 2,365 GW of capacity by 2035. China’s power generating capacity is expected to increase by 3 percent annually until 2035. The increase in capacity of power generation across the world will ensure the future growth of the Global Power Transformer market.”
According to the report, the increasing demand from developing countries is one of the major drivers in the Global Power Transformer market. Developing countries are adopting large numbers of power transformers due to increasing urbanization. Increasing urbanization leads to demand for power generation, distribution, and power transmission, which increases the demand for power transformers.
Further, the report states that fluctuating raw material prices is one of the major challenges in the Global Power Transformer market. The prices of raw materials are fluctuating significantly as a result of the gap between supply and demand.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are XD Group, Tebian Electric Apparatus Stock Co. Ltd., Hyosung Power and Industrial Systems Performance Group, Hyundai Heavy Industries Co. Ltd., Crompton Greaves Ltd., GE Co., Mitsubishi Electric Corp., and Toshiba Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-power-transformer-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Power Transformer Market 2012-2016
