Global Laser Land Levelers Market 2018-2022
About this market
Technological advances in transformers to gain traction in the market. Transformers are crucial to the power system and are utilized for stepping up and stepping down the voltage during T&D of the power produced through power plants. Technavio’s analysts have predicted that the transformers market for renewable energy will register a CAGR of almost 16% by 2022.
Shift in focus of government bodies toward renewable energy
Advantages of renewable energy sources, such as environment-friendliness and abundant availability, as well as the extensive pressure on fossil fuels, have compelled governments to shift their focus from fossil fuels sources to renewable energy sources.
Low conversion efficiency of solar PV cells
The high cost of high-efficiency appliances and the low efficiency of solar PV technology hinder the adoption of thin solar PV modules, thereby affecting the global transformers market for renewable energy.
For the detailed list of factors that will drive and challenge the growth of the transformers market for renewable energy during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Schneider Electric and Siemens the competitive environment is quite intense. Factors such as the shift in focus of government bodies toward renewable energy and the expansion of aircraft manufacturing facilities, will provide considerable growth opportunities to transformers manufactures. ABB, DAIHEN, EATON, Schneider Electric and Siemens are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Laser Land Levelers Market 2018-2022
Technavio recognizes the following companies as the key players in the global laser land levelers market: CELEC, Deere & Company, HEXAGON, Mahindra & Mahindra, TOPCON, and Trimble.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing government support for laser land levelers.”
According to the report, one of the major drivers for this market is the growing demand for water saving technologies in agriculture.
Deere & Company
Mahindra & Mahindra
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