Market Overview

$7.9 Bn Medium Voltage Transformers Industry Outlook, 2027 - ResearchAndMarkets.com

Share:

The "Medium Voltage Transformers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Medium Voltage Transformers Market to Reach US$7.9 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Medium Voltage Transformers estimated at US$6.5 Billion in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027.

1,200 kVA, one of the segments analyzed in the report, is projected to grow at a 3.1% CAGR to reach US$7.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 1,500 kVA segment is readjusted to a revised 2.4% CAGR for the next 7-year period. This segment currently accounts for a 5% share of the global Medium Voltage Transformers market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 5.6% CAGR for the Period of 2020-2027

The Medium Voltage Transformers market in the U.S. is estimated at US$1.7 Billion in the year 2020. The country currently accounts for a 27.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2027 trailing a CAGR of 5.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR while Rest of European market (as defined in the study) will reach US$1.6 Billion by the year 2027.

2,000 kVA Segment Corners a 3% Share in 2020

In the global 2,000 kVA segment, USA, Canada, Japan, China and Europe will drive the 1.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$144.5 Million in the year 2020 will reach a projected size of US$161.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027, while Latin America will expand at a 2.3% CAGR through the analysis period.

The publisher brings years of research experience to this 8th edition of the report. The 304-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • ABB Group
  • CG Power and Industrial Solutions Ltd.
  • Eaton Corporation PLC
  • Emerson Electric Company
  • General Electric Company
  • Hammond Power Solutions, Inc.
  • Kirloskar Electric Co. Ltd.
  • Mitsubishi Electric Corporation
  • Schneider Electric SA
  • Siemens Industry, Inc.
  • SMA Solar Technology AG

Total Companies Profiled: 61

For more information about this report visit https://www.researchandmarkets.com/r/1u6o2g

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com