Semiconductors & Electronics Industry Power Transformer Market 2024 | Page 2

Your Catalyst To a Lucrative Business
Developed regions are witnessing growth in cross-border electricity business, incorporating wind & other
renewable energies. This boosts the ‘load flow’ on aging systems, thus driving market growth. Load
amplification and huge supply & transmission losses raise the demand for sub-stations. Owing to consistent
power supply demand and fiscal expansion in some nations, power demand is estimated to experience a
healthy CAGR in the coming years.
Volatility in feedstock costs may hinder the pace of the worldwide power transformer market. The ma rket is
categorized into products and geographies. In terms of products, 100 MVA to 500 MVA output power occupied
around 68 percent shares in 2015 and dominates. It was anticipated to undergo profits at nearly 6.4 percent
CAGR over the next few years.
This segment’s adoption across transmission & supply networks for step-up and step-down applications
increases its demand. 801 MVA to 1, 200 MVA is likely to grow at more than 5 percent CAGR from 2015 to
2022. The same can be attributed to escalating energy demand from Brazil, India, China, & other emergent
countries.
With respect to geographies, Asia Pacific stood worth USD 7 billion in 2015. It is expected to be lucrative till
2024. The North American power transformer market will be propelled by industrialization in the United States.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-
category/semiconductors-industry
Follow Us: