Medium power transformers market comprises of sales of medium power transformers. Medium powers transformers are utilized in lowering voltages to the level required and are adequate for voltage regulations. These types of transformers are generally used in the construction and manufacturing industries. These medium power transformers manufacturing establishments manufacture the power transformers with ratings of 501 MVA to 800 MVA.
According to study, “Medium Power Transformers Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global medium power transformers market are Fuji Electric Co. Ltd., Hitachi, Ltd., Siemens AG, General Electric Company, Schneider Electric SE, Jinpan International USA Ltd., Eaton Corporation PLC, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd., Kirloskar Electric Company, Fortune Electric Co., Ltd., Koncar Distribution and Special Transformers, Inc., Amran Inc., Hammond Power Solutions Inc., RITZ Instrument Transformers GmbH, MGM Transformer Company, Schaffner Holding AG, Emerson Electric Co., Tianan Electric Group Co., Ltd., SMA Solar Technology AG, RECO Transformer Pvt. Ltd. Key companies are developing advanced technologies & launching novel products in order to stay competitive in the market. Other competitive strategies are mergers & acquisitions (M&A) and new product developments.
Based on type, medium power
transformers market is segmented as dry-type transformers and liquid filled
transformers. Dry-type medium power transformer segment holds major share in
global market as they are generally lighter, smaller, and easier to maintain
that requires only occasional cleaning & inspection. Based on mounting,
market is segmented as pole-mounted transformers and pad-mounted transformers.
Based on rating, market is segmented as 1,200 kVA, 1,500 kVA, 2,000 kVA and
2,500 kVA. Based on phase, market is segmented as single phase transformers and
three phase transformers. In addition, based on application, market is
segmented as industrial, building establishments, civic infrastructure
(stations, railways, institutional and airports), IT data & server centers
and others.
The medium power transformers
market is driven by implementing several initiatives to increase
electrification, followed by increase in transmission infrastructure
investments and favorable government policies to increase electrification.
However, volatility in prices of several raw materials such as copper and steel
may impact the market.
Based on geography, the
Asian-Pacific region holds major share in global medium power transformers
market owing to increase in government investments on electricity production in
the region. As the population of Asian-Pacific region is growing rapidly, the
region is anticipated to create higher demand for electricity. Therefore,
various governments are planning to enhance the capacities of their power
generation plants. Capacity expansion of these power plants will direct to high
demand for medium voltage transformers for transmission & distribution,
which, in turn, will drive this regional market growth. The North-American and
European regions are anticipated to witness higher growth rate due to increase
in investments in research & development (R&D) for transformer products
over the forecast period. In 2019, the worldwide medium power transformers
market was valued at US $77.37 billion and it is likely to grow at a compound
annual growth rate (CAGR) of 8.28% and reach US $106.33 billion by 2023.
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Global
Medium Power Transformers Market
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Ken Research
Ankur Gupta, Head Marketing &
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