Global energy production has increased over the past decade, from 15,409.0 TWH in 2000 to 23,536.5 TWH in 2014. This has also led to the increasing need for expanding T&D networks globally; new T&D infrastructure needs USD 1.9 Trillion in cumulative investment by 2024 to meet the growing energy demands. This includes substations, power lines, and associated equipment and new technology. Governments worldwide are investing in T&D network expansion projects, increasing the demand for power transformers. The power transformer market is projected to reach USD 29.9 Billion by 2020, from USD 20.7 Billion in 2015, at a CAGR of 7.6% during the forecast period.
Complete report on Power Transformer Market spread across 157 pages, Profiling 11 Companies and supported with 67 Tables and 38 Figures is now available at http://www.reportsnreports.com/reports/435816-power-transformer-market-by-rating-small-power-transformer-up-to-60mva-medium-power-transformer-61-600mva-large-power-transformer-above-600mva-by-type-of-cooling-method-oil-cooled-and-air-cooled-region-global-trends-forecasts-to-2020.html .
The power transformer report has been arrived at by using regional data for T&D investments, T&D projects. Finally, the global values have been arrived at by adding the power transformer markets of individual regions. The power transformer market has been segmented on the basis of its type of cooling method, rating, and region.
The years considered for the study are:
- Historical Year – 2013
- Base Year – 2014
- Estimated Year – 2015
- Projected Year – 2020
- Forecast Period – 2015 to 2020
The power transformer market is projected to grow at a CAGR of 7.6% during the forecast period. T&D investment would approximately account for 40% of the total power infrastructure spending. Investments in renewable energy sources has increased from USD 60 Billion in 2000 to USD 300 Billion in 2011. However, for many emerging economies, keeping up with the increasing electricity demand is a huge investment challenge, and current investment trends provide some warning signs for the adequacy of power supply.
Sample copy of this research is available now
This report caters to the requirements of certain stakeholders in the power transformer market which include power transformer manufacturing companies, utility companies, industrial associations, and private equity investors among others.
The power transformer market is largely controlled by four major market players including ABB (Switzerland), Siemens AG (Germany), General Electric (U.S.), and Toshiba (Japan), which control nearly half of the overall market.
These companies have the advantage of having large scale manufacturing operations which cater to major T&D network expansion hotspots such as the Middle East and Asia-Pacific among others.
Click now for more Details, Quiries and Discount, Other Information on this study “Power Transformer Market by Rating (Small Power Transformer (Up to 60MVA), Medium Power Transformer (61 – 600MVA), Large Power Transformer (Above 600MVA)), by Type of Cooling Method (Oil-Cooled and Air-Cooled), & Region - Global Trends & Forecasts to 2020” research @ http://www.reportsnreports.com/contacts/discount.aspx?name=435816 .
Grid stability and reliability have driven new investments and overall spending in the transmission and distribution markets, with fewer major outages occurring in recent years. Despite a strong focus on grid infrastructure renewal, especially in Europe, there has also been significant expansion of the grid network. In 2011, the total installed transmission and distribution line length reached 69.5 Million kilometers; in 2016, that figure is set to reach 74.2 Million kilometers.
In 2011, Capital Expenditure (CAPEX) in transmission and distribution rose to USD 190.21 Billion, and is forecast to increase to USD 231.83 Billion by 2016. There is an ever-increasing capital spend as seen in previous years during the replacement of existing technology with higher-end smart ones.
Explore more reports on Energy and Power at www.reportsnreports.com/market-research/energy-and-power-supplies/
ReportsandReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets.
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013