TBRC covers the high power transformers market drivers and restraints, market size, major players, and the impact of COVID-19 on the market.
LONDON, GREATER LONDON, UK, June 10, 2022 /EINPresswire.com/ — According to ‘High Power Transformers Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the high power transformers market is expected to reach $32.78 billion in 2026 at a CAGR of 18.7%. The high power transformers market growth is driven by the initiatives taken by the government to provide electricity to everyone.
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The high-power transformers market consists of sales of high-power transformers and related services for electrical insulation, power distribution, control, and instrumentation. High power transformers manufacture power transformers with ratings of 801 MVA to 1200 MVA and convert voltages, usually from higher to lower, from one stage or phase configuration to another.
Global High Power Transformers Market Trends
The transformer manufacturing market is moving towards the evolution of independent and self-regulating smart transformers. Smart transformers are programmed to constantly regulate voltage and maintain contact with the stakeholders and provide information and feedback on the power supply. According to the high power transformers market analysis, they provide the exact amount of power that is needed and respond to fluctuations through a process known as voltage optimization. They significantly reduce greenhouse gas emissions and power consumption as they supply electrical equipment with the ideal amount of power. For instance, The US Department of Energy (DOE) planned to invest $7.5 million to support the research and development of smart transformers for grid resiliency. Companies should consider investing in technologies to produce smart transformers for commercial establishments.
Global High Power Transformers Market Segments
The global high power transformers market research report is segmented:
By Phase: Single Phase, Three Phase
By Mounting: Pad, Pole, PC/PCB, Others
By Application: Industrial, Commercial, Residential
By Geography: The global high power transformers market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest share.
Read more on the global high power transformers market report here
High Power Transformers Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides high power transformers market overviews, analyzes and forecasts market size and growth for the global high power transformers market, market share, market segments and geographies, market players, market leading competitor revenues, profiles and market shares. The high power transformers market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s High Power Transformers Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: ABB Ltd., Alstom, Crompton Greaves Limited, Siemens AG, Eaton, General Electric, Schneider Electric, Hyosung Power & Industrial Systems, and Performance Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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