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Strong renewable energy growth, aging grids, industrial electrification, increasing regional interconnections, and power loads from data centers have collectively driven growth in power transformers. More than 30% of large power transformers have been in operation for more than 30 years, creating high replacement demand. A lack of available manufac...

The global O&G sector is witnessing an unprecedented transformation, triggered by efforts to improve efficiency, reduce carbon emissions, and increase reliance on renewable and environmentally friendly energy sources. The digitalization and automation of processes accompanying this shift represent enormous opportunities, and the sector is poised to...

The meter data management (MDM) market is emerging as a critical component of modern utility operations, driven by the rapid deployment of smart meters, increasing grid digitalization, and the growing need for accurate, real-time energy data. MDM solutions enable utilities to collect, validate, store, analyze, and manage vast volumes of meter data ...

This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in advanced low-level wind profiling radar, high-precision 3D scanning lidars, high-precision 3D geospatial mapping, dual-polarimetric radar for weather monitoring, NABOB electrolytes for sodium ion batteries, nuclear fusion, among others.The Energy and ...

The ongoing global and regional efforts to decentralize and decarbonize the energy industry have resulted in an increasingly digitized network. This will be a more interconnected, intelligent, and responsive energy infrastructure that continuously generates substantial amounts of data. However, the industry historically lacks innovative technologie...

When hydrogen gained traction in the late 2010s, Latin America was identified as a region with high growth potential. The region already generates a high percentage of its electricity from renewable energy (mainly hydropower), it has significant solar PV and wind potential that could be exploited, and production costs are forecasted to be globally ...

Steel is one of the essential drivers of infrastructure development, urbanization, and industrialization of any country. It plays a key role in economic expansion, contributing significantly to a country's gross domestic product (GDP). As demand for steel rises globally, there is a critical need to modernize existing capacities and develop new faci...

As decarbonization strategies gather pace across industries, emissions management is emerging as a key growth opportunity because companies like to minimize their emissions impact. Frost & Sullivan has identified a complex and dynamic value chain and a set of process steps where opportunities abound: planning and advisory, measuring and monitoring,...

09 Apr 2018  |  Global  |  Market Research

Global Transformers Market, Forecast to 2022

T&D Infrastructure Investments in Developing Regions and Aging Grid in Developed Regions Spur Market Demand

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Key Issues Addressed

A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. The total global transformers market is forecast to register a CAGR of below 5% from 2017 to 2022. During the forecast period, the power and distribution transformer segments are expected to witness strong growth be...