Global Power Transformers Market 2017-2021

About Power Transformers

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.

Technavio’s analysts forecast the global power transformers market to grow at a CAGR of 7.16% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global power transformers market for 2017-2021. To calculate the market size, the report considers new sales and excludes retrofit/replacement/spares/ aftermarket/services market.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Power Transformers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• ABB
• CG
• General Electric (GE)
• Schneider Electric
• Siemens


Other prominent vendors
• ALTRAFO
• Celme
• DuPont
• Eaton
• ELANTAS
• Eremu
• Fuji Electric
• Hammond Power Solutions
• Hyosung Power & Industrial Systems Performance Group
• Hyundai Heavy Industries
• J. Schneider Elektrotechnik
• Jinpan International
• Kirloskar Electric
• KOTSONS
• Layer Electronics
• LS Industrial Systems
• Mace
• MGM Transformer Company
• Mitsubishi Electric
• Ormazabal
• Prima Transformers
• Raychem RPG
• Ruhstrat
• SPX Transformer Solutions
• Synergy Transformers
• TBEA
• Temco
• Toshiba
• Vijay Power Control Systems
• Virginia Transformer
• Voltamp Transformers
• Xi’an XD Transformer
• YangZhou Power Electric

Market driver
• Modernization of existing transformers
• For a full, detailed list, view our report

Market challenge
• Lack of effective product differentiation
• For a full, detailed list, view our report

Market trend
• Increasing popularity of dry-type transformers
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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