DUBLIN, February 24, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5lxrnf/power) has announced the addition of the "Concise Analysis of the International Power Transformers Market - Forecast to 2019" report to their offering.
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Power transformers connect electrical networks or systems of different voltages to allow power exchange between them. Power transformers are used for power generation, power transmission, electro-intensive industrial applications, and consumer applications. The demand for power transformers is expected to continually increase due to increasing electrification ratio in emerging as well as mature economies.
Favorable government regulations for production of green energy and power are also expected to fuel the growth of the power transformers market over the forecast period. Global environmental concerns highlight the need for lower emissions and water conservation in both existing and new power plants. As a result, leading companies such as Alstom have developed and introduced green transformers for environmentally delicate zones. Similarly, Crompton Greaves Ltd. designed, produced, and installed extremely low noise power transformers for environmentally critical regions.
Asia Pacific occupied the largest market share in 2012, which can be attributed to rising energy demands coupled with technological advancements in this region. Rest of the World economies such as the Middle East is expected to steadily expand their power infrastructures, attracting intense competition from global as well as regional market players.
Power transformers between the power ratings of 100 MVA and 500 MVA are expected to exhibit the fastest growth until 2019, with an estimated CAGR of 8.0% in terms of revenue from 2013 to 2019. This growth is attributed to the fact that lower rating transformers are the most widely used by utilities around the globe. Further, power transformers between the power ratings of 801 MVA and 1200 MVA are expected to be used for HVDC and UHVDC power generation in the Asia Pacific and Middle East regions on account of rising energy demands in these regions over the forecast period.
The global power transformers market has been segmented by power rating into 100 MVA to 500 MVA power transformers, 501 MVA to 800 MVA power transformers, and 801 MVA to 1200 MVA power transformers. The key industry participants ABB Ltd., Alstom SA, BHEL, Crompton Greaves Ltd., Siemens Energy, GE Co, Hyosung Power & Industrial Systems Performance Group, Toshiba Corp., and Mitsubishi Electric Corporation among others.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Global Power Transformers Market: Regional Analysis
5 Global Power Transformers Market: Power Rating Analysis
6 Company Profiles
- ABB Ltd
- Alstom SA
- Bharat Heavy Electricals Limited
- Crompton Greaves Ltd
- GE Co
- Hyosung Power & Industrial Systems Performance Group
- Hyundai Heavy Industries Co Ltd
- Mitsubishi Electric Corporation
- Siemens Energy
- Toshiba Corp
For more information visit http://www.researchandmarkets.com/research/5lxrnf/power
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SOURCE Research and Markets