Driven by the commendable developments in grid infrastructure model, transformer market stands to witness a remarkable upswing over the ensuing years. Many driving forces are shaping the electric grid, transformers being one of the integral vertical of power grid network is certainly no exception.
Companies partaking in the transformer industry have been increasingly focusing on developing advanced products in sync with the rapidly evolving smart grid infrastructure. One such pathbreaking innovation that has fetched all the attention lately is the smart solid-state transformer. These smart transformers, as claimed by experts, can not only perform all the functions of a conventional transformer, but also can feed back the unused power to the grid by stepping up the voltage level.
Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/transformer-market
As per a new journal put forth by IEEE, a new study using advanced computational model depicts that SSTs could be profoundly used to make reliable and stable smart grid. Reportedly, the paper was published with the support of FREEDM Systems Centre at North Carolina State University, who are claimed to bring the first SST in 2010. Experts deemed this ground-breaking innovation would prove to be disruptive for the entire transformer industry trends in the coming years, amidst the backdrop of a considerable discontentment from the consumer end with regard to the supply demand power gap.
Speaking of the product landscape, power transformer industry is set to amass substantial returns, subject to the relentless proliferations in power transformer technology over the past few years. Overall power transformer market held a commendable valuation of in 2019, and is likely to advance at an appreciable rate through 2026.
Increasing pressure in transmission network has led to a surge in demand for higher voltage and longer lines, in turn, necessitating the requirement of higher rated, more efficient power transformers. In fact, it has been observed that new developments in this particular business sphere are primarily on focused on bringing renovations in the active components of the transformer, being mainly the windings, insulation, and core.
The extensive proliferation of transformer market has also been catered by the increasing energy efficiency propositions with regards to the rapid expansion of smart grid network across major economies. Statistics depict, countries including Germany, UK, Italy, France, and Sweden have recently inked a smart grid multibillion dollar agreement to expand smart grid technologies across Europe.
Such incessant efforts undertaken by the governments of developing & developed nations regarding grid infrastructure refurbishment would invariably upscale the transformer industry market share in the coming years.
Considering the regional trends, U.S. is forecast to experience a robust growth in the global transformer market. Massive investments in upgradation of conventional grid network along with new grid extensions are claimed to be the primary reasons enhancing the regional market outlook. In this regard, it is prudent to mention that the Peninsula corridor electrification program that led to an influx of road infrastructure proposals has immensely left an unparalleled impact on the overall transformer market demand.
Recently, the U.S Federal Transit Administration has provisioned a multimillion dollar investment toward the extension of electric grid network across California’s rail networks. With the growing deployment of reliable and efficient grid network mechanism in the regional electric infrastructure, experts believe U.S. transformer market share would undoubtedly shoot up over the coming years.
With the globe treading on the path of sustainability quotient, renowned players of transformer industry are also shifting their focus toward eco-friendly trends. However, fluctuations in component price trends along with standardization issue and high capital cost involved in its deployment might hinder the growth path in the coming years.
Nonetheless, with a favorable regulatory framework in tandem with the refurbishment of electrical infrastructure across major economies, transformer market is slated to chart a profitable roadmap over the forthcoming years. Global Market Insights, Inc., forecasts overall transformer market size to exceed a valuation of USD 90 billion by 2026.
Partial Table of Contents (ToC) of the report:
Chapter 4 Global Transformer Market, By Core
4.1 Global Transformer market share by core, 2019 & 2026
4.2 Closed
4.2.1 Global market from closed, 2015 - 2026
4.2.2 Global market from closed, by region, 2015 - 2026
4.3 Shell
4.3.1 Global market from shell, 2015 - 2026
4.3.2 Global market from shell, by region, 2015 - 2026
4.4 Berry
4.4.1 Global market from berry, 2015 - 2026
4.4.2 Global market from berry, by region, 2015 - 2026
Chapter 5 Global Transformer Market, By Product
5.1 Global Transformer market share by product, 2019 & 2026
5.2 Power transformer
5.2.1 Global market from power transformer, 2015 - 2026
5.2.2 Global market from power transformer, by region, 2015 - 2026
5.3 Distribution transformer
5.3.1 Global market from distribution transformer, 2015 - 2026
5.3.2 Global market from distribution transformer, by region, 2015 - 2026
5.4 Instrument transformer
5.4.1 Global market from instrument transformer, 2015 - 2026
5.4.2 Global market from instrument transformer, by region, 2015 - 2026
5.4.3 Current transformer
5.4.3.1 Global market from current transformer, 2015 - 2026
5.4.3.2 Global market from current transformer, by region, 2015 - 2026
5.4.4 Potential transformer
5.4.4.1 Global market from potential transformer, 2015 - 2026
5.4.4.2 Global market from potential transformer, by region, 2015 - 2026
5.5 Others
5.5.1 Global market from others, 2015 - 2026
5.5.2 Global market from others, by region, 2015 - 2026
No comments:
Post a Comment