Global Medium Voltage Transformer Market - Analysis by Application and Type - Growth Trends and Forecasts (2015-2020)
Global medium voltage transformer market is estimated to increase from USD XX billion in 2016 to USD XX billion by 2021, at a CAGR of XX%.
Increasing urbanization in developing countries, transmission expansion to integrate renewable energy resources, and new capacity addition in thermal and nuclear power generation are a few factors attributing to the growth of the global medium voltage transformers market. On the flipside, though, volatile nature of raw material prices and maintenance costs threaten to inhibit the development of the medium voltage transformer market.
The dry-type of transformers are higher in cost as compared to the liquid-filled transformers, although some characteristics of the dry-type can attribute to them being chosen as an alternative to the liquid-filled transformers. Because cooling fluid is not required for the dry-type, like in the case of the liquid-filled transformers, there is no possible danger to the environment, which makes the dry type of transformer most suitable for green areas. These transformers are used for power distribution in residential areas and also for industrial and commercial purposes. The US is one of the largest markets and holds the biggest installed base of medium voltage transformers. Electric utilities account for approximately two-thirds of the medium voltage transformers market, with industrial and commercial segments accounting for the rest.
The report comprehensively analyzes the medium voltage transformer market by segmenting it based on type, mounting, application, and geography. Key drivers and restraints affecting the growth of the market are also discussed in detail. The study also elucidates on the competitive landscape and key market players.
What the Report Offers
Market analysis for the global medium voltage transformer market, with region specific assessments and competition analysis on a global and regional scale. Market overview and identification of key drivers and restraints that influence the studied market. Identification of macro and micro factors instrumental in changing the market scenario and rising prospective opportunities globally and regionally. Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped. Demand forecast for every segment of the studied market for the projected period. Extensively researched competitive landscape section with profiles of major companies and their market share. Analysis of the current strategic interests and financial information of the major companies, along with the strategies adopted by them to sustain and grow in the studied market.
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