Power Transformer Market Size, Growth Opportunities, Trends by Manufacturers, Regions, Application & Forecast to 2027

The report Power Transformer Market Research highlights key dynamics of Global Power Transformer sector. The potential of the Power Transformer Market has been investigated along with the key challenges. The current Market scenario and future prospects of the sector has also been studied.
Based on cooling, the market for power transformer is divided into dry type and oil immersed. The dry type segment is further divided into air blast and self-air. Self-air power transformer market is anticipated to grow at a rate of over 7% by the end of the analysis timeline. In 2020, air blast power transformer market was valued at more than $3 billion and is estimated to follow strong growth over the coming years.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/power-transformer-market-report
Oil immersed segment is classified into water cooled, forced oil, and self-cooled. Among these, self-cooled segment is estimated to grow at a rate of over 4% by 2027. Water cooled segment in 2020 was valued approximately $3 billion and is further estimated to follow robust growth over the coming time period. Forced oil segment is projected to grow at a rate of over 5% by the end of the analysis time period.
With respect to insulation, the overall market tis bifurcated into air, oil, gas, and solid. Among these, gas segment is anticipated to grow at a rate of around 7% by the end of the analysis timeline. Ongoing technological enhancements along with shifting preferences toward the replacement of existing insulation techniques to achieve environmental sustainability will thrust the demand for solid power transformers segment.
Based on phase, the power transformers market is divided into three phase and single phase. In 2020, single phase segment was valued at more than $3 billion and is likely to follow similar growth over the coming time period. Three phase segment is anticipated to grow at a rate of over 5% by the end of the analysis timeline.
In terms of rating, the market for power transformer is segmented into more than > 800 MVA, 501 MVA to 800 MVA, 101 MVA to 500 MVA, and less than < 100 MVA. Growth of small-scale industries expansion along with ongoing electrification initiatives will stimulate the < 100 MVA capacity power transformer segmental growth. Meanwhile, refurbishment demand for current grid infrastructure will drive the 501 MVA to 800 MVA capacity segment growth.
Based on mounting, the power transformer market is classified into pole, PC/PCB, and pad. Pad mounted segment is expected to grow at a rate of over 5% by 2027. Large scale integration of renewable sector and favorable government rules toward accruing energy security concerns will fuel the demand for PC/PCB segment.
With respect to application, the overall power transformer market is categorized into industrial, residential & commercial, and utility. The residential & commercial segment is further classified into societies, hotels, and hospitals. Among these, the hotel segment is forecast to see tremendous growth on account of a booming tourism sector, which will positively stimulate hotel stays over the analysis period.
To access a sample copy or view market report in detail along with the table of contents, please click the link below:
Partial Table of Contents (ToC) of the report:
Chapter 4 Power Transformer Market, By Core
4.1 Power transformer market share by core, 2020 & 2027
4.2 Closed
4.2.1 Global market from closed, 2017 – 2027
4.2.2 Global market from closed, by region, 2017 – 2027
4.3 Shell
4.3.1 Global market from shell, 2017 – 2027
4.3.2 Global market from shell, by region, 2017 – 2027
4.4 Berry
4.4.1 Global market from berry, 2017 – 2027
4.4.2 Global market from berry, by region, 2017 – 2027
Chapter 5 Power Transformer Market, By Winding
5.1 Power transformer market share by winding, 2020 & 2027
5.2 Two - Winding
5.2.1 Global market from two - winding, 2017 – 2027
5.2.2 Global market from two - winding, by region, 2017 – 2027
5.3 Auto - Transformer
5.3.1 Global market from auto - transformer, 2017 – 2027
5.3.2 Global market from auto - transformer, by region, 2017 – 2027
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/power-transformer-market-report
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]