Special Transformer Market, 2018-2026 – Industry Survey, Market Size, Competitive Trends: Coherent Market Insights


Special transformers are used for uplifting the voltage from the network to the application level so that current can be maximized. Range of special transformers includes regulating and rectifier transformers, AC arc furnace transformers, series reactors for AC arc furnaces, DC arc furnace transformers, and large drive/converter transformers. These transformers are used in various industries such as chemical, automotive, oil & gas industry, steel industries, and others.
Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2152
Increasing demand for high power required for various production processes across industries is a major factor driving growth of the special transformer market 
Major factor attributed to growth of the special transformer market is increasing demand for high power in industries such as oil & gas, metal & mining, chemical, steel, and others.  For instance, according to the World Oil & Gas review analysis, the consumption of gas in the 2014 was 3,457.06 billion cubic meter and 3,515.56 billion cubic meter in 2015 worldwide. Similarly, the consumption of oil in 2014 was 92, 869 barrel and it increased to 94,709 barrel in 2015 worldwide. These industries require high current voltage during the production process .Special transformer intakes current with low voltage and converts it to high voltage with very low loss of energy. Such benefits result in increasing demand for special transformer in various industries, which in turn contributes to growth of the special transformer market over the forecast period.
Global Special Transformer Market: Key Trends
Growth of the steel industry is one of the major factor contributing to increasing demand for special transformers. For instance, according to a report published by World Steel Organization, December 2017, 1516.0 million tons of steel was produced in 2016 and it increased to 1587.4 million tons in 2017 worldwide. The steel industry uses special transformers that facilitate appropriate supply of current across a wide range of applications, either via on-load or off-load regulation, resulting in process optimization.
Global Special Transformer Market: Restraint
The materials used in special transformers are copper, steel, and aluminium. Increase in prices of raw material inadvertently increases the price of special transformers. This in turn affects growth of the special transformer market over the forecast period. For instance, according to the Coherent Market Insights’ analysis, the price of the steel was US$ 522.94 per metric ton in 2016 and it increased to US$ 618.86 metric ton in 2017.
Browse Complete Report @ https://www.coherentmarketinsights.com/ongoing-insight/special-transformer-market-2152
Global Special Transformer Market: Segment Trends
Among product type, the phase shifting transformer is expected to grow with highest CAGR over the forecast period. Phase-Shifting Transformers (PST) help in protection of lines and transformers from thermal overload, which further helps in improving the stability of transmission system. Furthermore, PST controls flow of power between different networks, for parallel long distance overhead-lines or for parallel cables. Such characteristics of PST optimize energy loss in the electrical system.
Global Special Transformer Market: Regional Insights
The special transformer market in Asia Pacific accounted for the largest market share in 2017 and expected to remain largest over the forecast period. The factor attributed the growth of the market is growing demand for oil & gas in emerging economies  such as India and China further leads to increasing number of oil and gas plants in the region. This factor is expected to further increase demand for special transformer in Asia Pacific. For instance, according to India Brand Equity Foundation’s (IBEF) analysis, consumption of oil in India was 3.85 million barrels per day (mbpd) in 2014 and it increased to 4.0 mbpd in 2015. Similarly, the consumption of gas in India was 54.20 billion cubic meter (bcm) in 2017 and is expected to reach 143.08 bcm in 2030.  
Global Special Transformer: Competitive Landscape
Major players operating in the global special transformer include, Mitsubishi Electric Corporation, Sunten Electric Equipment Co., Ltd., Siemens Ltd., Alstom, Schneider Electric, ABB, Wolong Electric Group Co.,Ltd., Toshiba India Pvt. Ltd., TBEA India, Baoding Tianwei Group, Wuzhou Transformer Co., Ltd., and Jinan XD Special Transformer Co.,Ltd.
The market for special transformers is highly competitive, owing to which key players are focused on adopting collaboration, partnership, merger, and acquisition strategies in order to strengthen their foothold in the market. For instance, in April 2016, Siemens Limited partnered with NTPC Limited, a key company engaged in the business of generation of electricity in India. The objective of the partnership is to install special transformers in super power thermal stations in southern India.
Get Discount on this Report @ https://www.coherentmarketinsights.com/insight/request-discount/2152
Global Special Transformer Market: Taxonomy
By Product Type
  • Electric Furnace Transformer
  • Rectifier Transformer
  • Capacitive Transformer
  • Phase Shifting Transformer
By Applications
  • Rectification Equipment
  • Welding Equipment
  • Electric Furnace Power Supply
  • Current Transformer
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa


Comments

Post a Comment

Popular posts from this blog

Motor Vehicle Sensor Market - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  Market Overview Motor vehicle sensor control and monitor the chemical, physical, and process changes of automobiles. Sensors are used to reduce fuel consumption as well as onboard the weight of vehicles and also comply with government norms for passengers’ safety. With the advent of technology, automobiles are now equipped with a diverse range of sensors providing information about safety, comfort, and other convenience and comfort functions. The demand for sensors is dependent on a number of factors, ranging from technological advances to foreign trade to micro- and macro-economic variables that seek to improve the system functionality. The global motor vehicle sensor market is estimated to account for  US$ 75,447.5 Mn  in terms of value by the end of  2027 . Browse Complete Report @ https://www.coherentmarketinsights.com/market-insight/motor-vehicle-sensor-market-4129 Market Dynamics- Drivers Increasing need for legal and regulatory com...
Read more

Thermal Imaging Market - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  Market Overview Thermal imaging technology is a method of enhancing the object’s visibility in a totally dark environment by detection of infrared radiation emitted by an object and interpreting these radiations to create a visible pattern (image). This technology captures the upper layer of the infrared light spectrum. It best works in a dark environment without any ambient light and can see through fog, smoke, haze, and is capable of catching moving objects in real-time. There are two types of thermal imaging devices namely un-cooled devices and cryogenically cooled devices. The global Thermal Imaging Market was accounted for  US$ 1,978.7 Mn  in terms of value in 2019 and is expected to grow at  CAGR of 9.7%  for the period  2020-2027 . Browse complete Report @ https://www.coherentmarketinsights.com/market-insight/thermal-imaging-market-4090 Market Dynamics- Drivers Increased investment in armed forces modernization is expec...
Read more

Embedded Temperature Sensor Market - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  The temperature sensor is an electronic device that measures the temperature of person, environment or an object. The temperature sensor is used to state the degree or intensity of heat present in a substance. These sensors will convert input data to electronic data to record, monitor, and then display in a human readable format. There are mainly two types of sensors i.e. contact and non-contact temperature sensors. Non-contact temperature sensors are basically infrared (IR) sensors. Temperature sensor provides benefits such as durability, accuracy, and low power consumption. These sensors are used in various industries to detect overheating and give alert to end users. The temperature sensor finds its application in various sectors such as consumer electronics, semiconductor, chemical, manufacturing, and others. Browse complete Report @ https://www.coherentmarketinsights.com/market-insight/embedded-temperature-sensor-market-4015 The global embedded temperature se...
Read more