Industry Background:
Three phase transformer is a set of three primary and secondary coils, each set wound around a core made up of iron and provide voltage transformation using less material, less size, and less weight. Construction methods used in three phase transformation are single and two cores. Increasing demand from power and industrial sectors owing to the high efficiency of three phase transformers, technological advancement in three phase transformers for renewable and non-conventional energy sources such as three-phase pad-mounted solar transformers, and increasing demand for smart grid expected to drive the three phase transformer market over the forecasted period.This growth is primarily driven by Growing Industrial and Power Sectors in Emerging Economies and Technological Advancement in Three Phase Transformer Market.
Globally, a noticeable market trend is evident Rising Application of Three Phase Transformers in Smart Grids
. Major Manufacturers, such as Powertronix Corporation (United States), Eaton Corporation Plc. (Ireland), Mitsubishi Electric Corporation (Japan), SNC Manufacturing Co Inc. (United States), Moloney Electric Inc. (Canada), Hitachi Corporation (Japan), Delta Transformers Pvt. Ltd. (India), Siemens AG (Germany), Areva SA (France), Schneider Electric (France) and Estel Company Limited (Thailand) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
24th October 2018, Mitsubishi Electric Asia subsidiary of Mitsubishi Electric Corporation, electronics and electrical equipment manufacturing company selected to supply Electric Power Generation Enterprise (EPGE) in Myanmar with 46 gas-insulated switchgear (GIS), 7 Special divided three-phase transformer transformers.
Market Drivers
- Growing Industrial and Power Sectors in Emerging Economies
- Technological Advancement in Three Phase Transformer Market
Market Trend
- Rising Application of Three Phase Transformers in Smart Grids
- Emergence of Three-Phase Pad-Mounted Solar Transformers
Restraints
- Fluctuating Prizes Of Spare Parts Used In Three Phase Transformers
- High Cost Associated With Three Phase Transformers
Opportunities
Increasing Demand from Government Sector Such As Railway, Oil & Gas, Power, and Others, Increasing Demand for Electricity from Developing Countries and Growing Government Initiative for Green Energy and Power Generation
Challenges
Lack of Supporting Infrastructure in Developing Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Three-Phase Transformers Study Sheds Light on
The Three-Phase Transformers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Three-Phase Transformers industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Three-Phase Transformers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.