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This edition of the Oil and Gas (O&G) Technology Opportunity Engines features information on gas grid optimization, Crude oil fractional Distillation, High-pressure hydrogenation, ionic liquid alkylation process for enhanced fuel production, Crude oil inventory management, Enhanced oil recovery, and AI-powered emissions monitoring and operational a...

Smart buildings are an integral part of the future of building technologies. Over the course of this decade, several factors are expected to promote the development of smart buildings. The market will be fuelled by the need for energy efficiency and decreasing operational costs. Revenues are highest in North America and Europe. However, certain tec...

The transfer switch (TS) is an electrical device that allows smooth and reliable transfer of electrical power between the primary utility and a secondary or backup power source, allowing critical loads to continue running with minimal or no outage. Continued growth in power demand from industrial, commercial and residential sectors coupled with pow...

Industrial electrification is rapidly shifting from a niche decarbonization effort to a central driver of competitiveness, resilience, and long‑term industrial growth. Process heat dominates manufacturing energy demand and relies heavily on fossil fuels, leaving industry exposed to emissions regulations, fuel price volatilities, and geopolitical ri...

The Mobility Technology Opportunity Engine (TOE) provides profiles of innovations related to Fun Utility Vehicle (FUV) Revolutionizing Urban Mobility with Efficient, Sustainable, Electric 3-Wheeled Design, High-definition (HD) Map Cloud Technology, Autonomous Vehicle Technology, Vehicle-to-grid (V2G) Technology and Hybrid-electric Aircraft System.T...

This research service discusses the current state and future potential of the global industrial batteries market. It provides an in-depth analysis of the industrial batteries used in different applications such as telecom and data communication, UPS/backup, industrial equipment, medical devices, aerospace and defense, grid-level energy storage, and...

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...

This study examines the global power cables industry, analyzing demand drivers, growth trends, and competitive dynamics. Key drivers identified in the study include the continued growth in renewable electricity generation (particularly offshore wind), the aging nature of infrastructure in developed economies, the rise of inter-regional transmission...

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...