Power Transformer Market to Garner $50.8 Bn, Globally, by 2027 at 7.9% CAGR: Allied Market Research

Power Transformer Market to Garner $50.8 Bn, Globally, by 2027 at 7.9% CAGR: Allied Market Research

PR Newswire

PORTLAND, Oregon, May 7, 2020

Rise in demand for electricity across the world, replacement of existing transmission networks, and surge in adoption of smart grids have boosted the growth of the global power transformer market.

PORTLAND, Oregon, May 7, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Power Transformer Market by Rating [Low (5 MVA to 100 MVA), medium (100 MVA to 500 MVA), and high (500 and above)]: Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global power transformer market was pegged at $27.7 billion in 2019, and is projected to reach $50.8 billion by 2027, growing at a CAGR of 7.9% from 2020 to 2027.

Allied_Market_Research_Logo

Major market drivers

Rise in demand for electricity across the world, replacement of existing transmission networks, and surge in adoption of smart grids have boosted the growth of the global power transformer market. However, high installation, logistics, and supporting the infrastructure cost of the transformer hamper the market. On the contrary, increase in use of renewable and non-conventional energy sources is expect1ed to create lucrative opportunities for the market players in the coming years.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/174

COVID-19 scenario: The recent pandemic has adversely affected the power transformer industry.

The medium segment held the largest share

By rating, the medium segment dominated the global power transformer market in 2019, accounting for nearly half of the market. Moreover, the segment is expected to register the highest CAGR of 8.7% during the forecast period, owing to the replacement of existing power transformers as well as new power grid projects.

Get detailed COVID-19 impact analysis on the Power Transformer Market: https://www.alliedmarketresearch.com/request-for-customization/174?reqfor=covid

Asia-Pacific, followed by North America, held the lion' share

By region, the global power transformer market across Asia-Pacific held the largest share in 2019, accounting for more than two-fifths of the market. Moreover, the region is expected to manifest the highest CAGR of 9.0% during the forecast period, owing to ongoing power grid expansion projects, namely in India and China. The market across North America held more than one-fourth of the market.

Major market players

Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/power-transformers-market/purchase-options

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports:

High Voltage Cable Market Expected to Reach $23.4 Billion by 2027

Heat Exchangers Market Expected to Reach $29,316.0 Million by 2026

Lithium-ion Battery Market Expected to Reach $129.3 Billion by 2027

Redox Flow Battery Market Expected to Reach $403.0 million by 2026

Solid State Transformers Market Expected to Reach $ 247.0 million by 2020

Pre-Book Now with 12% Discount:

Dry Type Transformer Market- Global Opportunity Analysis and Industry Forecast, 2020-2027

Converter Transformer Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com  
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

 

Voltar noticias em Inglês