Market Scenario
Power transformers are generally used in transmission network for stepping up or stepping down the voltage level. It operates mainly during high or peak loads and has maximum efficiency at full load. Distribution transformers steps down the voltage for distribution purpose to domestic or commercial users. It has good voltage regulation and operates continuously with maximum efficiency at 50% of full load. The stepping up or stepping down function of power transformers depends upon the number of turns of primary and secondary winding. If the number of turns on both the windings are same, and the losses of transformer are negligible, it can be concluded that the voltage across each of the winding is same. In this case the transformer is just utilized in isolating two electrical circuits.
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Industry Segmentation
Small Power Transformer market has been segmented on the basis of power rating, cooling type, phase, installation, and region.
Based on cooling type, the market is classified into air-cooled and oil-cooled. Oil-cooled segment is expected to dominate the market due to the fact that oil-cooled power transformers are considered safer while dealing high voltage applications. With growing high voltage transmission network expansion activities.
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Regional Analysis
Power Transformer market by region is segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America.
Asia-Pacific is expected to hold the largest share during the forecast period due to increased demand for energy and because of the growing population and rising per capita disposable income in the region.
Moreover, these rapidly growing economies in this region are also the top polluters in the world. This will led to increasing demand for energy, ultimately driving the need to install more power transformers in order to supply efficient power.
Leading Players
The key players of global Power Transformer market are Sumitomo Electric Industries Ltd, Radical Sun Systems, Inc., SolAero Technologies Corp, Arzon Solar, LLC., Cool Earth Solar, ARIMA Group, Suncore, Photovoltaic Technology Company Limited, Guangdong Redsolar Photovoltaic Technology Co., Saint, Augustin Canada Electric Inc., Sanan Optoelectronics Technology Co., Ltd, Macsun Solar Energy, Technology Co., Limited, and Morgan Solar Inc., among others.
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