Global demand for electricity transformers is primarily driven by the growing demand for electric power in emerging economies and replacement demand in developed markets. The global transformers (electricity) market is projected to exceed $36.7 billion by 2015.
San Jose, California (PRWEB), November 12, 2008 -- Demand for transformers is a function of electricity demand. Booming economies in Asia-Pacific are forecast to emanate spiraling demand for electric power. Replacements are primarily driving growth in electricity transformer market in developed economies. Expansion and maintenance of electric utility companies is also an important factor affecting the demand for power and distribution transformers. Operating costs or energy loss play an important role in determining transformer sales in mature markets. This is in contrast to developing markets where purchasing price is the chief determinant of transformer sales.
Asia-Pacific represents the largest and the fastest growing transformers (electricity) market in the world, with sales projected to exceed US$14.6 billion by 2010, as stated by Global Industry Analysts, Inc. Distribution transformers account for major share of the global electricity transformers market. Distribution transformers market in the US is projected to reach US$2.23 billion by the year 2012. 500-10000 Kva transformers market in Europe is likely to post a CAGR of 5.7% over the period 2001-2010.
HTS (High Temperature Superconductors) transformers have been gaining much attention. HTS transformers are considered to offer near zero levels of electrical resistance and energy losses. However, HTS transformers currently cost much more than conventional transformers, which might restrain mass scale migrations to this technology at least in the short term.
Although European companies have been dominating the global market for transformers, companies from Japan, Korea, and India have entered the fray during the past few years and have been establishing a formidable presence in global trade. The entry of electrical giants including Kirloskar and BHEL from India and Hyundai from Korea into the international arena is expected to influence international trade in the near future. Further, competition is slated to intensify in the future with the entry of companies from Eastern Europe, China, Mexico and Brazil.
Leading global and regional players operating in the market include Areva SA, Areva T&D, Asea Brown Boveri (ABB), ABB Powertech Transformers, Bharat Heavy Electricals Limited, Crompton Greaves, EFACEC Group, Ekarat Engineering Public Company, Hammond Power Solutions, IMP Power, Kirloskar Electric Company, Kuhlman Electric, Nissin Electric, Schneider Electric, Siemens AG, Shihlin Electric & Engineering, Smit Transformatoren, Universal Power Transformer, VA Technologie AG and Waukesha Electric Systems.
The report titled "Transformers (Electricity): A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented in value and volume sales for major geographic markets including the United States, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific and Latin America for the period 1991-2015. Analytics in terms of value sales are provided by the following product type - Power Transformer and Distribution Transformer, while analytics in terms of volume sales are provided by the following product segments - 500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000 Kva Transformers, and >100,001 Kva Transformers.
For more details about this research report, please visit http://www.strategyr.com/Transformers_Electricity_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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