Power Transformers Market – Global Opportunities & Forecast, 2020-2027

1. Report Title Power Transformers Market – Global Opportunities & Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

2. This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth. The report offers detailed profile and data information analysis of the leading companies in the Power Transformers Market: •ABB Ltd •Siemens AG •GE Company •Toshiba Corporation •Crompton Greaves Limited •Hyundai Heavy Industries Co., Ltd •Mitsubishi Electric Corporation •Bharat Heavy Electricals Limited •Hyosung Group •SPX Transformer Solutions, Inc. The key drivers of the Power Transformers Market are as follows: The significant factors driving the growth of the global power transformers market include the growth in the renewable energy sector, rapid technological advancement in existing power grids, and rising initiatives and demand for smart grid development. Governments worldwide are introducing various initiatives for the deployment of smart grid technology. It helps to decrease greenhouse gas emissions and improves the energy efficiency of producing and using electricity in homes, businesses, and public institutes. This technology is important for boosting the development of plug-in hybrid electric vehicles. A smart grid is an essential foundation for the incorporation of renewable energy into the electrical grid. The advancements in power transformers will help in addressing the requirements of smart grids. It will enhance energy security, provide higher grid utilization, urban air quality, and reduce greenhouse gas emissions. Additionally, transformers offer an adequate amount of power required by the systems. Therefore, strong demand and growing initiatives for the development of a smart grid will surge the growth of the market. On the other hand, the high price of 2

3. power transformers in comparison to conventional transformers will hamper the growth of the market. Based on region, North America is expected to dominate the market during the forecast period due to the increasing industrialization and urbanization in the region. Moreover, the Asia-Pacific region is anticipated to grow at a higher CAGR during the forecast period owing to rapid economic development and the rising requirement for reliable power supply in the region driven by the growing population rate. For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/power-transformers-market/sample- request The study objectives of this report are: 1.To study and forecast the size of the market. 2.To analyze the key players, SWOT analysis, value, and market share for the leading players. 3.To define, describe, and forecast the market by different segments. 4.To analyze the market potential and advantage, opportunity and challenge, restraints and risks. Segmentation of the Power Transformers Market: Breakup by Rating: •Small Power Transformer (Up to 60MVA) •Medium Power Transformer (61 - 600MVA) •Large Power Transformer (Above 600MVA) Breakup by Cooling Method: •Oil-Cooled •Air-Cooled Breakup by Region: •North America oUnited States of America 3

4. oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve. Contact Us 4

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