China's smart grid market analysis At present, the power transformer market is in the growth stage, especially large transformers China, India and other developing countries using ultra-high voltage transmission technology shows more and more important power transformers.
The next 5 years the global growth rate of 7.07% transformer market ice spring
According to market research firm Big Market Research's new report, 2016-2022, the global power transformer market is expected to compound annual growth rate of 7.07%.
Power transformers are static transmission machines, commonly used in power higher than 200 MVA, allowing long-distance high-voltage transmission of electricity, thus minimizing transmission losses. Power transformers can allow low-voltage transmission into high-voltage transmission.
At present, the power transformer market is in the growth stage, especially the large-scale transformer. Increasing demand for electricity and the need for cross-border transmission, global initiatives to harness more renewable and unconventional energy sources, smart grids and the need to upgrade transmission networks are driving the development of the power transformer market. China, India and other developing countries using ultra-high voltage transmission technology shows that power transformers are increasingly important.
However, the high cost of transformers, the cost of protecting the instrumentation, and the associated infrastructure hamper the best use of power transformers around the world.
The market can be divided into low, medium and high categories according to the rated power and geographical distribution. The market includes North America, Europe, Asia-Pacific, South America, Middle East and Africa. The main participants in the global power transformer market include Sweden ABB Group, the United States Compton, the United States General Electric, Germany's Siemens, France Schneider Electric, Hyundai Heavy Industries, Japan's Mitsubishi Electric, China TBEA.
(Former title: power transformer global growth in the next five years the growth rate will reach 7.07%)
Article link: China Intelligent Manufacturing Network
The next 5 years the global growth rate of 7.07% transformer market ice spring
According to market research firm Big Market Research's new report, 2016-2022, the global power transformer market is expected to compound annual growth rate of 7.07%.
Power transformers are static transmission machines, commonly used in power higher than 200 MVA, allowing long-distance high-voltage transmission of electricity, thus minimizing transmission losses. Power transformers can allow low-voltage transmission into high-voltage transmission.
At present, the power transformer market is in the growth stage, especially the large-scale transformer. Increasing demand for electricity and the need for cross-border transmission, global initiatives to harness more renewable and unconventional energy sources, smart grids and the need to upgrade transmission networks are driving the development of the power transformer market. China, India and other developing countries using ultra-high voltage transmission technology shows that power transformers are increasingly important.
However, the high cost of transformers, the cost of protecting the instrumentation, and the associated infrastructure hamper the best use of power transformers around the world.
The market can be divided into low, medium and high categories according to the rated power and geographical distribution. The market includes North America, Europe, Asia-Pacific, South America, Middle East and Africa. The main participants in the global power transformer market include Sweden ABB Group, the United States Compton, the United States General Electric, Germany's Siemens, France Schneider Electric, Hyundai Heavy Industries, Japan's Mitsubishi Electric, China TBEA.
(Former title: power transformer global growth in the next five years the growth rate will reach 7.07%)
Article link: China Intelligent Manufacturing Network