USA: Research and Markets has announced the Concise Analysis of the International Power Transformers Market - Forecast to 2019 addition of the report.
According to the addition, the demand for power transformers is expected to continually grow due to increasing of electricity transmission grids. Increasing environmental concerns prompt the need for lower emissions and water conservation in both existing and new power plants so leading companies have introduced green transformers for environmentally delicate zones.
Asia Pacific holds the largest market share as of 2012, while the Middle East is expected to attract competition from global and regional market players due to continous growth of their power transmission grids.
The growth of power transformers between 100 MVA and 500 MVA is expected to be the fastest until 2019, with an estimated CAGR of 8.0% in terms of revenue from 2013 to 2019. Power transformers between 801 MVA and 1200 MVA are expected to be used for HVDC and UHVDC power generation in the Asia Pacific and Middle East due to rising energy demands.
The global power transformers market has been segmented by power rating into:
- 100 MVA to 500 MVA power transformers
- 501 MVA to 800 MVA power transformers
- 801 MVA to 1200 MVA power transformers
Key industry participants are ABB Ltd., Alstom SA, BHEL, Crompton Greaves Ltd., Siemens Energy, GE Co, Hyosung Power & Industrial Systems Performance Group, Toshiba Corp., and Mitsubishi Electric Corporation among others.
To find our more, visit http://www.researchandmarkets.com/research/5lxrnf/power
Source: Research and Markets