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Transformers are electronic devices that transfer energy between two or more circuits
Transformers are electronic devices that transfer energy between two or more circuits through electromagnetic induction. An ideal transformer has 0% losses and 100% efficiency. When electricity is generated in a central power station, the electricity needs to be transmitted over long distances. The most efficient way to do this is to use as high a voltage as possible. When electricity reaches the destination point it steps down to a lower voltage. Transformers change the voltage from one level to another level.
One of the key factors that contribute to the market growth is the increasing power demand in developing countries. The global transformer market has also been witnessing an increase in the power generation capacity. The market growth rate is expected to be about 6% by 2019.
Increasing urbanization in developing countries leads to an increase in the demand for power generation and transmission. However, fluctuating raw material prices can hamper the growth of the market. Market potential for the power transformer in APAC, the Middle East, and Africa is very high, since the generation and distribution infrastructure of electricity is still nascent.
The market is segmented and forecast based on type, voltage level, and geography. On the basis of type, the market is segmented into power transformer and distribution transformer. By voltage level, the market is segmented into extra high voltage, high voltage, low voltage, and medium voltage transformers. The market is further segmented based on major regions such as Asia-Pacific, Europe, North America, and Rest of the World.
The market share analysis, by revenue, of the top companies has also been included in the report. The market share analysis of these key players are arrived at, based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, Directors, and marketing executives.
In order to present an in-depth understanding of the competitive landscape, the report on the global transformers market consists of company profiles of key market players such as ABB, Eaton Co, Fuji Electric, Hammond Power Solutions, Kirloskar Electric, Schneider Electric, Siemens, Volt Amp Transformers Ltd, Tebian Electric Apparatus, Crompton Greaves Ltd, and Mitsubishi electri




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