Cart
0

Asia-Pacific Power Transformer (<100 MVA) Market Expected to Reach $8,990 Million, by 2023

 
 

quote Utilization of renewable and non-conventional energy sources, and need for up-gradation of transmission networks boosts the Asia-Pacific power transformer (<100 MVA) market. quote

Yashwant Singh Sahu
Team Lead, Chemicals & Materials at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, Asia-Pacific Power Transformer (<100 MVA) Market by Country: Opportunity Analysis and Industry Forecast, 2017-2023, the Asia-Pacific power transformer (<100 MVA) market was valued at $5,210 million in 2016, and is projected to reach at $8,990 million by 2023, registering a CAGR of 8.1% from 2017 to 2023.

Access Full Summary at : https://www.alliedmarketresearch.com/asia-pacific-power-transformer-100-MVA-market

Power transformers, critical part of power infrastructure, are expected to witness significant growth in the coming years. This is due to the demand for electricity throughout the Asia-Pacific is on a consistent increase. Moreover, the region is moving toward green energy as there is an increase in utilization of renewable and non-conventional energy resources, such as wind, solar, and hydel energy. To meet the growth in demand for electricity, widening of transmission networks is taking place. These factors are expected to contribute significantly to the growth of the Asia-Pacific power transformer (<100 MVA) market. Some of the restraints associated with the Asia-Pacific power transformer market are high price of power transformers as well as associated costs, such as land, infrastructure, logistics, and protective instruments. Also, there is lack of consistent demand for high rating segment of power transformers. These costs can be mitigated with lenient government regulations and innovations in manufacturing of power transformers.

Based on country, the market is analyzed across China, Japan, India, South Korea, Australia, Indonesia, Vietnam, Malaysia, Myanmar, Hong Kong, Macau, Thailand, and rest of Asia-Pacific. China was the highest revenue contributor, valued at $1,532 million in 2016. This country is further expected to attain a market value of $2,534 million by 2023, growing at a CAGR of 7.5%. Moreover, China is expected to maintain its dominant position during the forecast period. India and Thailand are the second and third leading country for Asia-Pacific power transformer (<100 MVA) market, respectively.

In 2016, the China accounted for the highest share, and is expected to maintain its dominance during the forecast period, owing to the enhancement of grid infrastructure, and increasing investments for installation of renewable energy-based power projects in the country.

Key Findings of the Asia-pacific Power Transformer (<100 Mva) Market:

  • China is expected to continue to lead the market throughout 2016 to 2023, followed by India
  • The power transformer (<100 MVA) market in Australia is projected to register the highest growth from 2016 to 2023
  • The Asia-Pacific power transformer (<100 MVA) market is projected at a CAGR of 8.1% from 2017 to 2023
  • Japan was the fourth largest revenue contributor of the Asia-Pacific power transformer (<100 MVA) market in 2016
  • Hong Kong is projected to register the second highest growth rate from 2016 to 2023

China and India collectively contributed more than 45% to the market revenue in 2016. In the same year, Japan contributed approximately one-eighth of the market share.

The prominent players profiled in this report include ASEA Brown Boveri Group, Crompton Greaves Ltd., General Electric Company, Siemens AG, Schneider Electric SA, Hyundai Heavy Industries Co. Ltd., Mitsubishi Electric Corporation, Tebian Electric Apparatus, Bharat Heavy Electricals Limited, and Toshiba Corporation.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1⟨855⟩ 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Asia-Pacific Power Transformer (<100 MVA) Market by Country (China, Japan, India, South Korea, Australia, Indonesia, Vietnam, Malaysia, Myanmar, Hong Kong, Macau, Thailand, and Rest of Asia-Pacific) - Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to eliminate redundant information to provide valued information and save time of the reader

 

Featured Readings

 
rep-img

Published Date Oct 2018

Virtual Router Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interest you.

 
Get Industry Data Alerts