DUBLIN--(BUSINESS WIRE)--The "Low Power Transformers Global Market Report 2020-30: Covid 19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
This report from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global low power transformers market as it emerges from the Covid-19 shut down.
The global low power transformers market was worth $93.6 billion in 2019.
The low power transformer market covered in this report is segmented by product type into split-core, solid-core. It is also segmented by application into power plants, factory, other.
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Major players in the low power transformers market are Eaton, Wurth Elektronik, Analog Devices, RITZ Instrument Transformers, Bourns, Osram, Schneider Electric, Rockwell Automation, Dechang Electronics, Leviton.
The low power transformers market consists of sales of low power transformers. A low power transformer is a static device that works on the principles of mutual induction to transform power from one circuit to another circuit without changing frequency. Low power transformers manufacturing establishments manufactures power transformers with ratings of 100 MVA to 500 MVA.
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. 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, in 2018, The US Department of Energy (DOE) invested $7.5 million to support research and development of smart transformers for grid resiliency. Companies should consider investing in technologies to produce smart transformers for commercial establishments.
The low power transformers market was mainly driven by rapid growth in emerging markets. Emerging markets growth was aided by rising disposable income, stable political environment and increasing foreign investments in these countries. For instance, according to a report by the IMF in 2018, emerging markets and developing economies together registered a growth of 4.3% in 2015 and this increased to 4.7% in 2018. Thus, strong economic growth boosted the demand for electrical products thereby driving the market for low power transformers.
Key Topics Covered:
1. Executive Summary
2. Low Power Transformers Market Characteristics
3. Low Power Transformers Market Size And Growth
3.1. Global Low Power Transformers Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Low Power Transformers Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Low Power Transformers Market Segmentation
4.1. Global Low Power Transformers Market, Segmentation By Product type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Low Power Transformers Market, Segmentation By Applications, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Low Power Transformers Market Regional And Country Analysis
5.1. Global Low Power Transformers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Low Power Transformers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Companies Mentioned
- Eaton
- Wurth Elektronik
- Analog Devices
- RITZ Instrument Transformers
- Bourns
- Osram
- Schneider Electric
- Rockwell Automation
- Dechang Electronics
- Leviton
- Plitron
- Hobut
- TDK
- Murata
- API Technologies
- TE Connectivity
- Phoenix Contract
- ABB
- Littelfuse
- Zelisko
- GE Grid Solutions
- Qualitrol Corp
- Horstmann GmbH
- Weidmuller
- TT Electronics
- Vishay
For more information about this report visit https://www.researchandmarkets.com/r/74zt08
