Market Research Report North America transformers market research,Europe | Page 2

According to Ken Research report “ Global Potential transformer Industry Situation and Prospects
Research report 2017” , The global potential transformers market is expected to expand at a
promising CAGR during the forecast period (2015-2025). The main reason for such growth is
due to the changing environment of the global world that has led to the increased demand in
the potential transformers. The developed countries remain dominant in the league of market
revenue and in the developing nations there is a chance of substantial growth as these
countries are on the verge of rapid urbanization and quick housing infrastructure in order to
eradicate poverty and thus to supports these measures ,requirement of potential transformers
are on the peak. Since rising urbanization in developing countries led to an increase in the
demand for power generation and transmission, transmission expansion to integrate renewable
energy resources, new capacity addition in thermal and nuclear power generation are some of
the key factors driving the growth of the global medium voltage transformers market.
The major challenges that this industry might face is the price vacillation ,maintenance and
aging costs, compliance with specifications, quality and testing
Key Players
The key players in the global potential transformers market are Siemens, GE Grid Solutions,
ABB, SNC Manufacturing, Toshiba, Schneider Electric, Arteche, KONCAR, Pfiffner, Emek, Dalian
Beifang, XD Group
Conclusion
Market research firm, Ken Research says, the growth in global potential transformers market is
due to the increased urbanization and rapid growth of infrastructure which has led to demand
of increased demand of generation and transmission of energy and the market needs to look
upon factor such as price fluctuation, testing and specification congruence which can possibly
limit the growth.