Asia-Pacific power transformer market to grow significantly by 2026

Selbyville, Delaware, Aug. 10, 2020 (GLOBE NEWSWIRE) — According to MarketStudyReport LLC, Asia-Pacific power transformer market is predicted to expand substantially during the period of 2020-2026. The growth is majorly attributed to favorable regulatory scenario regarding the use of green energy technologies. Inclination towards incorporating sustainable sources of energy across network grids is also stimulating the industry outlook.Power transformers offer numerous benefits such as ease of transportation, short circuit reliability, compact design and can operate in harsh environmental conditions. These transformers also provide high mechanical, thermal and di-electric performance as well as better control over leakage magnetic flux. In addition, rising deployment of power transformers in critical nodes in high-voltage transmission networks is aiding tahe market expansion.Technological advancements have allowed for digitization of transformers, which in turn is fostering the demand for the product across the region. In 2018 for instance, ABB Ltd. introduced the ABB Ability Power Transformer which is integrated with digital as well as plug & play capabilities and offers remote monitoring and real time data analytics.Request Sample copy of this Report @ number of government initiatives to complement prevailing transmission and distribution lines in order to cater to the growing energy demand is fueling the Asia-Pacific market size. In fact, various governments across the region are encouraging the deployment of new transmission and distribution network grids. For instance, ADB allotted around USD 300 million in an effort to expand the existing transmission lines and towers in Bangladesh in the year 2019. Increasing electrification rate and rapid urbanization are facilitating the business scenario in Asia-Pacific.Pole mounted segment to witness rapid expansionAccording to estimates, pole mounted power transformer market segment is expected to register appreciable growth during the study period. This type of transformer is widely adopted in areas with limited grid accessibility for transmitted load at long distances. Moreover, the product is easy to install on single or multi-pole structures and is available in compact size.  Single pole structures are majorly used to sustain residential, commercial as well as industrial loads, thereby contributing towards popularity of pole mounted power transformers across the globe.100 MVA-500 MVA rating segment to record high CAGREstimates cite that 100 MVA to 50 MVA rating segment is anticipated to showcase remunerative growth between 2020 and 2026. Such power transformers not only are available in compact design but also have a low installation cost. Apart from this, growing demand for electricity in healthcare, oil & gas and power industries is fueling the segmental share.Increasing deployment of 100 MVA-500 MVA power transformers in high voltage transmission networks coupled with escalating investments towards development of smart infrastructure is favoring the market outlook. Also, inclination towards modernizing existing transformers and network grids are positively influencing the product demand.To access a sample copy or view this report in detail along with the table of contents, please click the link below: Power Transformer Market by Core Type (Revenue, USD Million, 2015-2026)ShellClosedBerryAsia-Pacific Power Transformer Market by Winding Analysis (Revenue, USD Million, 2015-2026)Auto TransformerTwo WindingAsia-Pacific Power Transformer Market by Installation Type (Revenue, USD Million, 2015-2026)IndoorOutdoorAsia-Pacific Power Transformer Market by Cooling Type (Revenue, USD Million, 2015-2026)Dry-TypeAir BlastSelf-AirOil ImmersedForced OilWater CooledSelf-CooledOthersAsia-Pacific Power Transformer Market by Gas Type (Revenue, USD Million, 2015-2026)AirSolidOilAsia-Pacific Power Transformer Market by Phase Type (Revenue, USD Million, 2015-2026)Three-PhaseSingle-PhaseAsia-Pacific Power Transformer Market by Rating Type (Revenue, USD Million, 2015-2026)100 MVA-500 MVA501 MVA-800 MVAAbove 800 MVAAsia-Pacific Power Transformer Market by Mounting Type (Revenue, USD Million, 2015-2026)PolePadPC/PCBOthersAsia-Pacific Power Transformer Market by Application Landscape (Revenue, USD Million, 2015-2026)Residential & CommercialSocietiesHospitalsHotelsOthersIndustrialCementRailwaysPowerOil & gasOthersUtilityAsia-Pacific Power Transformer Market by Country Analysis (Revenue, USD Million, 2015-2026)IndiaChinaJapanSouth KoreaNew ZealandAustraliaAsia-Pacific Power Transformer Market Competitive Framework (Revenue, USD Million, 2015-2026)Hyosung CorporationCG Power and Industrial Solutions LimitedGeneral Electric Co.Hyundai Heavy Industries Co. Ltd.Voltamp Transformers Ltd.Hammond Power SolutionsKirloskar Electric Co. Ltd.Schneider ElectricToshiba Corp.Bharat Heavy Electricals Ltd.ABB Ltd.Siemens AGTable of Content:Chapter 1 Methodology    Scope1.1         Methodology1.2         Market definitions1.3         Market estimates    forecast parameters1.4         Data SourcesChapter 2   Executive Summary2.1         Asia Pacific power transformer industry 3600 synopsis, 2015 – 2026Chapter 3 Asia Pacific Power Transformer Industry Insights3.1         Industry segmentation3.2         Industry landscape, 2015 – 2026 (USD Billion)3.3         Industry ecosystem analysis3.4         Price trend analysis3.5         Innovation and technology landscapeChapter 4 Asia Pacific Power Transformer Market, By Core4.1         Asia Pacific power transformer by core market share, 2019    20264.2         Closed4.3         Shell4.4         BerryChapter 5 Asia Pacific Power Transformer Market, By Winding5.1         Asia Pacific power transformer by winding market share, 2019    20265.2         Two Winding5.3         Auto transformerChapter 6 Asia Pacific Power Transformer Market, By Installation6.1         Asia Pacific power transformer by installation market share, 2019    20266.2         Outdoor6.3         IndoorChapter 7 Asia Pacific Power Transformer Market, By Cooling7.1         Asia Pacific power transformer by cooling market share, 2019    20267.2         Dry – Type7.3         Oil immersedChapter 8 Asia Pacific Power Transformer Market, By Insulation8.1         Asia Pacific power transformer by insulation market share, 2019    20268.2         Gas8.3         Oil8.4         Solid8.5         AirChapter 9 Asia Pacific Power Transformer Market, By Phase9.1         Asia Pacific power transformer by phase market share, 2019    20269.2         Single phase9.3         Three phaseChapter 10 Asia Pacific Power Transformer Market, By Rating10.1       Asia Pacific power transformer by rating market share, 2019    202610.2       100 MVA to 500 MVA10.3       501 MVA to 800 MVA10.4       > 800 MVAChapter 11 Asia Pacific Power Transformer Market, By Mounting11.1       Asia Pacific power transformer by mounting market share, 2019    202611.2       Pad11.3       Pole11.4       PC/PCBChapter 12 Asia Pacific Power Transformer Market, By Application12.1       Asia Pacific power transformer by application market share, 2019    202612.2       Residential    Commercial12.3       Utility12.4       IndustrialChapter 13 Asia Pacific Power Transformer Market, By CountryRelated Report:Power Transformer Market Size, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026Power Transformer Market will witness an annual deployment of over 42’000 units by 2026, as per new research report. Growing investment toward expansion of transmission networks along with increasing deployment of renewable energy is positively influencing the deployment for these units. Increasing emphasis subject to the adoption of wide range frequency distribution links along with growing energy-efficiency concerns will complement the commercial & residential power transformer market share. Moreover, rising fund flow by governmental & private organizations & institutions for electrification programs will escalate the business growth.About US:Market Study Report, LLC. is a hub for market intelligence products and services.We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.Contact Us:
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