Press release
Medium Voltage Transformer Market: Projected to Reach US$ 16.1 Billion by 2028 with Strong 4.6% CAGR
Medium Voltage Transformer Market
The report delves into the latest trends, key factors contributing to market success, influencers shaping the industry, essential insights, drivers of forecasts, macroeconomic aspects, and offers a retrospective analysis of the market's historical performance. It conducts a thorough examination of the medium voltage transformer market, providing crucial insights into the forecast period from 2022 to 2028.
Request Report Sample to Gain Comprehensive Insights with Recent Industry Data: https://www.futuremarketinsights.com/reports/sample/rep-gb-772
As per the key findings of the report, the global medium voltage transformer market is expected to witness considerable growth in upcoming years, due to the steady increase in adoption of smart grids, increasing urbanization, rapid growth in power generation, and increasing government investments for electrification.
- Increasing Government Investments for Electrification Expected to Drive the Market Growth
Government of various countries have planned to increase their funding for various projects related to electrification, such as railway electrification, transmission and distribution, and urbanization, among others. For instance, governments in countries such as Brazil and Mexico are planning to invest in electrification. These projects support the state electric boards (SEBs) in order to provide better power supply to rural and urban areas of the region or country.
In addition, the government of India is also planning to make huge investments in numerous projects, such as Revised Accelerated Power Development and Reform Program and Rajiv Gandhi Grameen Vidyutikaran Yojna, among others, for establishing new power grids so as to provide electricity in the rural areas of the country.
Also, the government is focusing on installing new transmission lines and transformers in order to create a national grid, which will interconnect all the five regions of India -- Northern, Southern, Eastern, Western, and North Eastern. This national grid is known as 'Transmission Super Highways'. Thus, growing infrastructure and electrification in various regions is set to increase the demand for medium voltage transformers.
- Increasing Urbanization and Industrialization Estimated to Create High Sales Opportunity
Rural electrification projects, new power plants, as well as transmission and distribution facilities are some of the new developments that are being introduced in various countries in Middle East & Africa to increase urbanization and industrialization.
Electrification projects are growing at a faster rate in countries, such as the United Arab Emirates, Qatar, Turkey, etc. Additionally, for the proper execution of these projects, medium voltage transformers are required for almost all applications. Thus, growing urbanization and industrialization will drive the medium voltage transformer market growth in the MEA region.
- Medium Voltage Transformer Market: Vendor Insights
The report highlights some of the prominent market players, who have established themselves as leaders in the global medium voltage transformer market. Few examples of key players in themedium voltage transformer market are Siemens AG, ABB Group, General Electric Company, Fuji Electric Co., Ltd., Hitachi, Ltd., Schneider Electric SE, Eaton Corporation PLC, Mitsubishi Electric Corporation, Jinpan International USA Ltd., CG Power & Industrial Solutions Ltd., Fortune Electric Co., Ltd., Schaffner Holding AG, Hammond Power Solutions Inc., Kirloskar Electric Company, and MGM Transformer Company, Amran Inc., among others.
For instance, medium voltage transformer manufacturers are focusing on providing compact size and environmental-friendly medium voltage transformers. The compact size can better manage moisture and thermal stress, and their average life span is higher. Additionally, eco-friendly transformers promise lower load loss as compared to other conventional transformers. Therefore, the rising demand for lighter, smaller and eco-friendly medium voltage transformers is likely to shape the future of the medium voltage transformers market.
Buy Now This Report to Get Valuable Insights on Recent Development, Industry Segments and Regional Scope: https://www.futuremarketinsights.com/checkout/772
- Key Segments of Medium Voltage Transformer Industry Survey
Medium Voltage Transformer Market by Rating:
1,200 kVA Medium Voltage Transformers
1,500 kVA Medium Voltage Transformers
2,000 kVA Medium Voltage Transformers
2,500 kVA Medium Voltage Transformers
Medium Voltage Transformer Market by Product:
Dry Medium Voltage Transformers
Oil-immersed Medium Voltage Transformers
VPI Medium Voltage Transformers
Medium Voltage Transformer Market by Configuration:
Single-phase Medium Voltage Transformers
Three-phase Medium Voltage Transformers
Medium Voltage Transformer Market by Application:
Building Establishments
Residential
Commercial
Civil Infrastructure
Industrial
IT - Data & Server Centers
Medium Voltage Transformer Market by Region:
North America Medium Voltage Transformer Market
Latin America Medium Voltage Transformer Market
Europe Medium Voltage Transformer Market
East Asia Medium Voltage Transformer Market
South Asia & Pacific Medium Voltage Transformer Market
Middle East & Africa (MEA) Medium Voltage Transformer Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medium Voltage Transformer Market: Projected to Reach US$ 16.1 Billion by 2028 with Strong 4.6% CAGR here
News-ID: 3192769 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for Transformer
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Signal Transformer Market Estimated to a Hike in Growth By Signal Type: Audio Tr …
Acumen Research and Consulting has announced the addition of the "Signal Transformer Market” report to their offering.
The Signal Transformer Market Report 2018 is an in depth study analyzing the current state of the Signal Transformer Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Signal Transformer Market provides analysis of China market covering the industry trends, recent…
Southeast Asia Transformer market :Global Demand Analysis & Opportunity Outlook …
Abstract:
The Southeast Asia Transformer market size is $XX million USD in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million USD by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Request For Free Sample@ https://www.kennethresearch.com/sample-request-10071643
This report is an essential reference for who looks for detailed information on Southeast Asia Transformer market. The report covers data on Southeast Asia…
Global Transformer Cores Market Forecast 2018-2025 Sanbian Sci-Tech, Wujiang Tra …
Market study on Global Transformer Cores 2018 Research Report presents a professional and complete analysis of Global Transformer Cores Market on the current market situation.
Report provides a general overview of the Transformer Cores industry 2018 including definitions, classifications, Transformer Cores market analysis, a wide range of applications and Transformer Cores industry chain structure. The 2018's report on Transformer Cores industry offers the global Transformer Cores development history, development trends…
Transformer Oil Market by Type (Mineral Oil-Based, Silicone Oil-Based, Bio-based …
Transformer oil market sales to reach $3.4 billion by 2020, with the mineral oil-based transformer oil segment to maintain its dominance until 2020. In 2014, the consumption of transformer oils was 1,437.8 million litres across the globe, which is expected to increase at 6.3% from 2015 to 2020.
Transformer oils are electrical insulating oils stable at high temperature, which serves two important functions in a transformer, viz., suppression of arcing and…
Transformer Cores Market by Application - Power Industry Transformer and Consume …
ReportsWeb.com has announced the addition of the “Global Transformer Cores Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification.
Global Transformer Cores market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
ABB
Siemens
Alstom
Toshiba
Mitsubishi Electric
Hitachi
Hyosung
Zaporozhtransformator PJSC
Starkstrom-Ger-tebau GmbH
Fuji Electric
CG
SPX Transformer Solutions
TDK Corporation
Efacec Capital
Laird
Fair-Rite Products
Ferroxcube
TBEA
JSHP Transformer
Wujiang Transformer
China XD Group
Tianwei Group
Dachi Electric
Liye…
