Transformer Market share research by applications and regions for 2017 – 2024

1. Transformer Market trends research and projections for 2017 – 2024

2. Global Market Scenario of Furfural Industry • Rapid urbanization coupled with rising expenditure across the infrastructure sector have fuelled the expansion of existing grid networks in the recent years. Ongoing proliferation across the electricity industry will drive the transformer market size. Favourable regulatory reforms in line with the refurbishment of electrical infrastructure across developed economies have integrated a commendatory business scenario. • Large scale renewable capacity addition coupled with favourable policies pertaining to expansion of micro-grid networks will foster the transformer market share. The industry has witnessed sheer growth towards the deployment of sustainable energy subject to the renewable targets abided by nations during the UN Climate Change Conference in 2015. • Sustainable mechanical strength, and low flux leakage & iron losses will fuel the closed core transformer market. Diversified applications across low & medium voltage establishments coupled with ongoing technological enhancements to cater across operational flexibility will embellish the product demand. Rapid urbanization along with ongoing reforms toward rural electrification across developing regions of Asia Pacific and Africa will further complement the industry growth.

3. Continue… • Power transformer market in 2016, was valued over USD 20 billion. Ongoing expansion of manufacturing facilities subject to implication of economies of scale by large manufacturers across the globe considerably drive the industry share. Favourable inclination towards the expansion of HVAC networks to cater the energy demand across industries coupled with ongoing deployment of utility based HVDC infrastructure will substantially reinforce the business scenario. • Reasons to Buy This Report: • 1. Transformer Market size & share forecast by product & application, 2017-2024 • 2. Growth drivers, pitfalls & industry challenges • 3. Transformer Market growth opportunities & emerging business models • 4. Competitive benchmarking with market share analysis and company profiles • Indoor transformer market is projected to reach over 60 ‘000 units by 2024. Rising space constraints coupled with increasing demand for refurbishment of existing transmission & distribution networks will positively influence the business landscape. Flourishing real estate sector subject to rising private and public investments will further augment the industry growth. In 2017, the European Commission allocated funds worth USD 36.3 billion to ascertain effective infrastructural expansion across Russia. • Propitious compatibility across high voltage applications favoured by effective cooling property when compared to its dry counterparts appreciably foster the oil immersed transformer market size.

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