Global Medium Voltage Transformers Market Estimated to Reach a Value of US$ 14,805.7 Mn by 2027 - Future Market Insights
Global Medium Voltage Transformers Market: Key Takeaways
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Global Medium Voltage Transformers Market: Forecast and Segmental Analysis
The rating type segment includes 1,200 kVA, 1,500 kVA, 2,000 kVA, and 2,500 kVA segments.
1,200 kVA segment is anticipated to create incremental $ opportunity 4X that of the incremental $ opportunity created by the 1,500 kVA segment over the forecast period. In terms of value, the 1,200 kVA segment is anticipated to be valued at US$ 5,665.3 Mn by 2017 end. The segment is estimated to grow at a CAGR of 5.2% and reach a value of US$ 9,419.0 Mn by the end of 2027.
By product type, the market is categorised into dry type, oil immersed type and VPI type. Oil immersed type medium voltage transformers market is anticipated to grow 1.7X in terms of value during the forecast period. The segment is estimated to expand at a CAGR of 4.7% during the forecast period.
On the basis of configuration, global medium voltage transformers market is segmented into single phase and three phase. Three phase transformers are likely to replace single phase transformers owing to less power losses in three phased equipment.
The application segment comprises segments such as building establishments, civic infrastructure, industrial and IT-data and server centres. With growth witnessed in a number of IT service industries that have cropped up globally, the demand for medium voltage transformers is also likely to grow as IT companies require power supply that is coherent and streamlined in nature.
Preview Analysis on Global Medium Voltage Transformers Market Segmentation by Rating Type - 1,200 kVA, 1,500 kVA, 2,000 kVA, 2,500 kVA; Product Type- Dry Type, Oil Immersed Type, VPI (Vacuum Pressure Impregnated Type); Configuration- Single Phase, Three Phase; Application- Building Establishments, Residential, Commercial, Civic Infrastructure (Railways, Stations, Airports, Institutional), Industrial, IT- Data and Server Centres:https://www.futuremarketinsights.com/reports/medium-voltage-transformers-market
Global Medium Voltage Transformers Market: Forecast by Region
APEJ accounts for more than 50% of the market share in terms of value in the global market. Thinly spread out domestic players in some regions such as APEJ, MEA and countries like Taiwan and Hong Kong, has a direct impact on the sales of domestic players. Furthermore, the presence of foreign players in the South East Asia market has enabled the supply of medium voltage transformers through many distributors and hence, distributor sales is estimated to expand with a healthy CAGR over the forecast period.
Global Medium Voltage Transformers Market: Key Players
Some of the players operating in the global medium voltage transformers market are ABB Group, Kirloskar Electric Company, Siemens AG, MGM Transformer Company Co., General Electric Company, Amran Inc., Hitachi, Ltd., Tianan Electric Group Co., Ltd., Fuji Electric Co. Ltd., RITZ Instrument Transformers GmbH, Schneider Electric SE, RECO Transformer Pvt. Ltd., Eaton Corporation PLC, Mitsubishi Electric Corporation, Jinpan International USA Ltd., Končar Distribution and Special Transformers, Inc., CG Power & Industrial Solutions Ltd., Fortune Electric Co., Ltd., Schaffner Holding AG, and Hammond Power Solutions Inc.
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