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Three Phase Transformer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Three phase transformer are widely used in power systems. They are more economical compared to single phase transformers. There is a growing demand of reliable technology allied to the power flow management within the power systems. They are of single unit which means all windings wound around the same core, immersed in one tank, or of three single phase units. These transformers have the windings connected in various ways like zigzag, delta and star connections. Installation of three phase transformers let the grid operator to supervise the power transmission’s cost properly and make use of the infrastructure. The three phase transformers let hefty machineries to work in a proficient way as voltage is transmitted to an extensive distances using a small conductor. 

The market is primarily driven by the need of price effective solutions in the power industries. As the three phase transformers are more economical compared to single phase transformers, by installing these transformers in power applications substantial cost reduction is possible to achieve. Moreover, increasing power demand from power and industrial sectors is fuelling the demand of investment in the three phase transformers market globally. Higher efficiency and easy assembling is bolstering the demand of this market. 

The major restraining factors of three phase transformer market are huge price of standby units. Moreover, the cost of spare parts for three phase transformers is higher compared to that of single phase transformers. 

Technological innovations are likely to act as one of the major opportunities in the three phase transformers market. Introduction of magnetic material is likely to increase the power efficiency in three phase transformers. Implementation of thermodynamic principle incorporated with the electrical transformers allows overcoming the high temperature failures. 

The market is bifurcated in to two segments based on construction methods which are single core and two cores. The construction method is further segregated based on design as asymmetrical design and symmetrical design. By keeping voltage magnitude constant, symmetrical design changes the phase shift angle, to influence the power flow. Asymmetrical design changes both the phase shift and the voltage magnitude so as to modify the reactive power flow. Moreover, the market is segmented based on connection types that includes star and delta connections. Based on construction the market is bifurcated in to core type and shell type. The market is again segregated based on geography that includes North America, Europe, Asia Pacific Middle East and Africa (MEA) and Latin America. 

Developing countries like India, China, South-Africa, Brazil and Russia are expected to be lucrative market for three phase transformers. Enormous investments planned in upcoming projects and transmission sector in these regions are expected to offer a major market for progress of three phase transformers. Huge investments in power infrastructure projects and transmission sectors are planned in Asia Pacific region. Moreover, India is likely to be a major market for development of three phase transformer during the forecast period. Japan and China have invested huge amounts in developing this market. Africa and Latin America is also expected to fuel the investments in power sectors that additionally increase investment in three phase transformer market. Different power infrastructure projects are designed in these regions which is boosting the growth of three phase transformers. Distribution infrastructure and Power transmission is also growing in the regions of Middle East. Countries like Kuwait is also expected to offer greater opportunities in the three phase transformer market during the forecast period. 

The key players in three phase transformer market are Eaton Corporation Plc., Powertronix Corporation, SNC Manufacturing Co, Inc., Mitsubishi Corporation, Delta Transformers Pvt. Ltd., Hitachi Corporation, Areva SA, Siemens AG, Moloney Electric Inc. and Estel Company Limited among others. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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  • Emerging niche segments and regional markets
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