Market Overview

Transformers: Global Market Overview & Outlook 2018-2023 - Increasing Number of T&D Infrastructure is Driving Growth -


The "Global
Transformers Market - Analysis by Power Rating, Cooling Type,
Transformer Type, and Geography - Growth, Trends, and Forecast (2018 -
report has been added to's

The global transformers market is likely to grow at a significant rate,
owing to augmentation in power infrastructure promulgated by surge in
demand of electricity.

The electricity demand is expected to increase on account of expanding
commercial and industrial establishments, and increasing usage of
electrical appliances. The development of new power infrastructure and
overhaul of existing ones is likely to drive the demand for transformers
in the near future.

The power-starved countries in Nigeria are focusing on building power
generation facilities in the coming years. In addition, the country has
planned to build USD 5.8 billion hydropower plant in 2018. Such projects
are expected to drive the demand for transformers in the near future.

The developed regions across the globe are expected to witness an
increasing need for the replacement of transformers, which are on the
verge of completion of their service life. Among the developing regions,
the widespread development of industrial infrastructure and high rate of
urbanization, majorly in the Asia-Pacific and Middle East & Africa
countries, is expected to provide huge opportunity to transformers
market in the near future.

Key Highlights

  • Increasing Number of T&D Infrastructure is Driving the Transformers
  • Asia-Pacific to Dominate the Market Growth

Notable Developments in the Market

  • April 2018: ABB Ltd. launched the world's first digitally integrated
    power transformer at the 2018 Hanover Fair, in Germany, which has
    enhanced reliability and efficiency.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

  • Siemens AG
  • ABB Ltd.
  • General Electric Company
  • Crompton Greaves Limited
  • Mitsubishi Electric Corporation
  • Hyundai Heavy Industries Co. Ltd.
  • Toshiba Corporation
  • Hyosung Group
  • Bharat Heavy Electricals Limited
  • SPX Transformer Solutions Inc.
  • Schneider Electric

10. Competitive Landscape

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