LONDON--(BUSINESS WIRE)--The power transformers market is expected to grow by USD 8.78 billion, progressing at a CAGR of almost 6% during the forecast period.
Click & Get Free Sample Report in Minutes
The modernization of existing transformers is one of the major factors propelling market growth. However, factors such as new regulations increasing cost of power transformers will hamper the market growth.
More details: https://www.technavio.com/report/power-transformers-market-industry-analysis
Power Transformers Market: Geographic Landscape
APAC will offer several growth opportunities to market vendors during the forecast period. The development of eco-efficient power transformers and expansion of T&D in APAC will significantly influence power transformers market's growth in this region. 58% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the power transformers market in APAC.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports on Industrials Include:
Global Liquid-Immersed Transformers Market: The liquid-immersed transformers market size has the potential to grow by USD 7.29 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Global Low and Medium Voltage Switchgear Market: The low and medium voltage switchgear market size has the potential to grow by USD 46.20 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Companies Covered:
- CG Power and Industrial Solutions Ltd.
- Eaton Corp. Plc
- Fuji Electric Co. Ltd.
- General Electric Co.
- Hitachi Ltd.
- Hyundai Heavy Industries Co. Ltd.
- Mitsubishi Electric Corp.
- Schneider Electric SE
- Siemens AG
- Toshiba International Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Liquid-immersed power transformers - Market size and forecast 2019-2024
- Dry-type power transformers - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- CG Power and Industrial Solutions Ltd.
- Eaton Corp. Plc
- Fuji Electric Co. Ltd.
- General Electric Co.
- Hitachi Ltd.
- Hyundai Heavy Industries Co. Ltd.
- Mitsubishi Electric Corp.
- Schneider Electric SE
- Siemens AG
- Toshiba International Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.