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Converter Transformer Market Worth $2.3 Billion by 2020


News provided by

MarketsandMarkets

06 Aug, 2015, 15:00 GMT

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CHICAGO, August 6, 2015 /PRNewswire/ --

The report "Converter Transformer Market by Configuration (Back-to-Back, Monopolar, Bipolar, and Multi-terminal), Voltage level, Application (Wind farms, Oil & Gas, and Grid interconnections), Power rating, and by Region - Global trends and forecast to 2020"published by MarketsandMarkets, Converter Transformer Market is projected to reach $2,316.1 Million by 2020, at a CAGR of 18.2% from 2015 to 2020.

Browse 69 Tables and 52 Figures spread through 141 Pages and in-depth TOC on "Converter Transformer Market"

http://www.marketsandmarkets.com/Market-Reports/hvdc-converter-transformer-market-170425557.html
Early buyers will receive 10% customization on this report.

The market report defines, segments analyses and forecasts the global Converter Transformer Market. It also identifies driving and restraining factors for the Converter Transformer Market, with an analysis of trends, opportunities, and challenges. The market has been segmented and the market sizes have been projected on the basis of regions, such as Europe, Asia-Pacific, and Americas.

Download Sample Report: http://www.marketsandmarkets.com/requestsample.asp?id=170425557

Key applications have been covered and projected for each region. Further, the market is segmented on the basis of voltage level, configuration, and power rating.

Asia-Pacific market size in terms of value is expected to account for the largest market share in the next five years 

Asia-Pacific region is the largest market for Converter Transformer Market. The region has been experiencing rapid development in its power transmission and distribution industry since the last 5 years and accounted for more than one-third of the total market in 2014. The region is expected to grow further during the forecast period, which can be attributed to the increasing investments in HVDC transmission projects.

Grid interconnections - Major application for the Converter Transformer Market 

Converter Transformer Market, on the basis of application, is categorized into three primary segments: Grid interconnections, wind farms, and oil & gas. Grid interconnection application held around two-third of the total market for Converter transformer in 2014. Wind farms application is estimated to be the fastest growing application market for Converter transformer between 2015 and 2020. The key driver for the market is the increasing focus on renewable energy generation especially the offshore wind energy.

Browse related reports 

Smart Transformers Market by Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging, and Others) & by Region - Global Trends & Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/smart-transformers-market-15362928.html

Distribution Voltage Regulator Market by Type (Ferro resonant and Tap Switching), by End-Users (Commercial, Industrial, and Residential) & by Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Global Trends & Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/distribution-voltage-regulator-market-109357455.html 

About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
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