Research and Markets has announced the addition of the "Power Transformer Market by Rating (Low, Medium and High) - Global Opportunity Analysis and Industry Forecast, 2014-2022" report to their offering.

Global power transformer market is expected to grow at a CAGR of 7.07% from 2016 to 2022 to reach $37,353 million by 2022 from $23,019 million in 2015.

Power transformer market is currently in growth stage more so for large transformers. Increase in demand for power, cross border power transmission, global initiative to utilize more renewable and non-conventional energy sources, smart grids, and global need to upgrade transmission networks boost the global power transformer market.

Utilization of ultra-high-voltage transmission technology in the developing economies such as China and India demonstrates increase in importance of power transformers. However, high transformer cost as well as cost of protection instruments and supporting infrastructure prevents optimal utilization of power transformers throughout the world.

Global power transformer market is segmented based on transformer rating and geography. Based on the rating, the market is divided in low, medium, and high rating transformers. Geographically, the market envelopes major countries of North America, Europe, Asia-Pacific, and LAMEA.

Major players profiled in this study are:

  • ASEA Brown Boveri Group
  • Crompton Greaves Ltd.
  • General Electric Company
  • Siemens AG, Schneider Electric SA
  • Hyundai Heavy Industries Co. Ltd.
  • Mitsubishi Electric Corporation
  • Tebian Electric Apparatus
  • Bharat Heavy Electricals Limited
  • Toshiba Corporation

Key Market Segments

By Rating

  • Low (100 MVA to 500 MVA)
  • Medium (501 MVA to 800 MVA)
  • High (801 MVA to 1200 MVA)

For more information about this report visit http://www.researchandmarkets.com/research/g6dv5r/power_transformer