DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7mn35h/industrial) has announced the addition of the "Industrial Transformer Market in the APAC Region 2015-2019" report to their offering.
The Transformer market in the APAC region to grow at a CAGR of 6.77% over the period 2014-2019
Industrial transformer is a device that couples the electrical energy obtained from the primary circuit with the secondary circuit using the electromagnetic induction process. It comprises power transformers and distribution transformers and is extensively used in the Energy and Power, Oil and Gas, and Utility industries.
The emergence of advanced transformer component technologies is expected to trigger the increased adoption of transformers across various end-user segments, propelling the overall market growth. Advanced transformer components, such as bushes and tap changers, ensure the enhanced reliability and safety of transformers during operation.
According to the report, demand for electricity in the APAC region is one of the key drivers of the market. This increased demand for electricity is mainly driven by the industrial, residential, commercial, and transportation sectors in the APAC region.
Further, the report states that costs of raw materials needed for manufacturing transformers have increased, which is hindering market growth. The increase in raw material prices mainly stems from the growing demand-supply mismatch and fluctuations in crude oil prices.
The Industrial Transformer market in the APAC region can be segmented into two divisions: Power Transformers and Distribution Transformers.
- Alstom Power
- Siemens Energy
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/7mn35h/industrial