Search results for: 'transform 2024'

This study focuses on evaluating the market size and the growth opportunities for North American low-voltage dry-type (LVDT) distribution transformers. It specifically evaluates the prospects for 2 types of single- and three-phase LVDTs, namely, cast resin and vacuum pressure impregnated transformers in the United States and Canada. These types of ...

The North American high-voltage circuit breaker market has been analyzed on the basis of the voltage classes: 72.5kV, 115kV, 123kV, 145kV, 170kV, 245kV, 352kV, 550kV, and 800kV. The report is segmented based into the sub-transmission (72.5kV) and transmission (greater than 72.5kV) segments. Based on the construction type, the circuit breaker market...

05 Aug 2016  |  Global  |  Market Research

Global Transformer Market

Market Growth Led by T&D Infrastructure Investments in Developing Regions and Replacement Demand in Developed Regions

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The growth of the global transformer market is led by higher investments in replacing ageing infrastructure, especially in North America, Europe, Australia and New Zealand, and Japan. Asia-Pacific, including China, is the largest and fastest-growing market, mainly driven by transmission and distribution developments and industrial growth in Southea...

08 Jul 2022  |  North America  |  Market Research

Global Transformer Growth Opportunities

Greater Grid Resiliency, Increased Grid Intelligence, and Security of Supply— All Key Drivers of Future Growth

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Key Issues Addressed

Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers. The global transformer market revenue is expected to reach $64.24 billion in 2030; a market rebound is expected from 2022 onward. Tho...

The Southeast Asia transformers market is in the growth stage with several transmission and distribution (T&D) grid projects underway in various stages of development. Governmental T&D investment plans, industrial projects, urbanization trends, rural electrification, and renewable energy projects drive this market. Still, the demand for oil type tr...

28 Aug 2018  |  North America  |  Market Research

North American Electrification of Transportation—Investment, Forecast to 2024

Opportunities to Modernize the Electric Grid and Address the Challenges of Rapid EV Penetration

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Key Issues Addressed

The North American Electric Vehicle (EV) market has seen significant growth over the last 5 years, both in the US and Canada. Currently, new EVs sold in the North American market account for 1.4% of the total passenger vehicles sold. There is an anticipation that downward prices for batteries and vehicles, along with improved infrastructure will ac...

A gas insulated switchgear (GIS), typically housed in a high voltage substation, is a critical component in the substations of the transmission network of utilities or in energy-intensive industrial units. In general, GIS structures are contained in a metal-sealed environment with sulfur hexafluoride gas (SF6) as the insulating medium. A GIS’s basi...

The global smart meter market continued to register strong growth in 2019, as major rollouts continued to accelerate. China led the trail and various pockets of Europe went ahead with large-scale pilots and installing second-generation smart meters. China continued to account for more than half of the global market, holding 56.2% of the total shipm...

14 Oct 2019  |  North America  |  Market Research

Impact of Electric Vehicles on Power Demand, Forecast to 2040—A Perspective on Key Global Growth Markets

With Electric Vehicles (EVs) Set for Transformational Growth, Grid Modernization Initiatives and Disruptive Technologies Will Form the Critical Elements of the EV Power and Utility Ecosystem

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Key Issues Addressed

Falling battery prices, stringent emission regulations, rapid increase in public charging stations and innovation in eMobility business models are all drivers for growth in the electrification of transport over the next decade. Although the overall increase in electricity consumption is lower than many people might expect, the proliferation of EVs ...