The power transformer market size exceeded 6,000 units installed per year in 2020 and is projected to register a CAGR of over 5% between 2021 and 2027. Growing demand for repairs to existing grid infrastructure, along with increased investment in infrastructure spending, will drive the business scenario. Large-scale renewable energy integration, along with the introduction of electrification programs across developed and developing countries, will further complement the industry outlook. In addition, the government’s favorable norms and policies for the upgrading of existing T&D networks and the continued commissioning of high-voltage power cable lines will revitalize the business environment.
A full report of Power Transformer Market available at: https://www.orionmarketreports.com/power-transformer-report-market/10534/
Key Market Players:
Major players in the power transformer industry include Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., EMCO Ltd., General Electric Company, Hitachi Ltd., Kirloskar Electric Co. Ltd., Schneider Electric SE, Siemens AG, TBEA Co. Ltd., and Toshiba Corporation.
Power Transformer Market – Segmentation
On the basis of rating
• Small Power Transformer (Up to 60MVA)
• Medium Power Transformer (61 – 600MVA)
• Large Power Transformer (Above 600MVA)
On the basis of type of cooling method
• Oil-Cooled
• Air-Cooled
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
