Global Transformers (Electricity) Market to Reach US$36 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Transformers (Electricity) market. The global market for Transformers (Electricity) is forecast to reach US$36 billion by 2015. The market is expected to be mainly driven by growing demand for electricity in the developing markets, specifically Asia-Pacific and Latin America, backed by strong economic growth, and rising income levels in these regions. Growth from developed countries is expected to emanate primarily from replacement demand. Energy efficient norms and standards in developed countries are also instrumental in driving demand for transformers.

Transformers (Electricity): A Global Strategic Business Report

The global transformers market witnessed rapid growth over the past several years, owing to the increasing demand for electricity the world over. However, the global economic downturn dampened growth in the global transformers market, more profoundly in the industrial sector. Positive growth, however, sustained in the market, due primarily to the continued rise in demand for electricity from developing countries, in addition to sustained demand for replacing old and obsolete equipment in the developed markets. The expected recovery of the global economy, continued growth in demand for electricity, and continued rise in infrastructure investments are all expected to drive the market to catch up with the previous growth trend.

Asia-Pacific constitutes the largest market for electricity transformers worldwide, accounting for more than 50% of the global market in value terms, as stated by the new market research report on Transformers. Demand for transformers in developed markets, such as North America and Europe, is expected to be slow compared to the developing markets, which are expected to record maximum gains in the foreseeable future. Demand for transformers is projected to grow at a CAGR of about 9.0% in terms of number of units sold in Latin America.

In terms of transformer types, Distribution Transformers dominates the global transformers market. The highly fragmented global market for distribution transformers is marked by intense competition. Several manufacturers from Europe and North America currently dominate the market, apart from hundreds of market participants from other regions, including China. Demand for Power Transformers is projected to increase at a CAGR of more than 7.0% over the analysis period.

European and North American companies primarily dominate the power transformers market, though competition from regions such as Asia-Pacific has also intensified. ABB is the leading player within the power transformers segment globally. Major players profiled in the report include Alstom and Schneider Electric, Asea Brown Boveri, Bharat Heavy Electricals Limited, Crompton Greaves Ltd, Hammond Power Solutions Inc, Nissin Electric Co. Ltd., Powertech Transformers, Schneider Electric SA, Siemens AG, and Smit Transformatoren NV.

The report titled “Transformers (Electricity): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the transformers (electricity) market, impact of recession on the industry, current trends, growth drivers, new product introductions, recent industry activity, and focus on major and niche global market players. The study analyzes market data and analytics in terms of value and volume sales for the global market by the following regions - US, Canada, Japan, Europe, Asia-Pacific (China and Rest of Asia-Pacific), and Rest of World. Value sales are analyzed for the transformer type – Distribution Transformers and Power Transformers. In terms of volume sales, analysis is provided by the following product groups: 500-10000 Kva transformers, 10001-30000 Kva transformers, 30001-100000 Kva transformers, and >100001 Kva transformers.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Transformers_Electricity_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media