Industry Background:
Rising rural electrification demand in the developing nations will help to boost global auto transformer market. There are various usage and applications of autotransformer such as the starting of induction motors, used to regulate the voltage of transmission lines, and can be used to transform voltages when the prime to secondary ratio is close to unity. There are various type of autotransformer including step-up transformer and step-down transformer. Autotransformers work within voltage rage of 110-115-120 V. There is a growing demand for technology, associated to the management of power flow inside the power systems for consistent power supply system. The market for autotransformer is projected to growth at a considerable rate owing to growing demand for economical systems in power transmission industry.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Hitachi Corporation (Japan), Mitsubishi Corporation (Japan), Siemens AG (Germany), Areva SA (France), SNC Manufacturing Co, Inc. (United States), ABB (Switzerland), GE (United States), Crompton Greaves (India), Amran Inc. (United States), EATON (Ireland) and Schneider Electric (France) |
This growth is primarily driven by High Demand for Autotransformer Due To Less Cost and Rising Usage in Small Voltage Variation Applications.
Globally, a noticeable market trend is evident Increasing Demand for Economical Systems in Power Transmission Industry
The Electrical Components & Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Hitachi Corporation (Japan), Mitsubishi Corporation (Japan), Siemens AG (Germany), Areva SA (France), SNC Manufacturing Co, Inc. (United States), ABB (Switzerland), GE (United States), Crompton Greaves (India), Amran Inc. (United States), EATON (Ireland) and Schneider Electric (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Autotransformers is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 17th December 2018, Hitachi has acquired the power grid business of Swiss engineering group ABB Ltd. initially investing 6.4 billion dollars for an 80.1 percent stake before a complete takeover in the future.
On 25th July 2018, SNC Manufacturing Co., Inc. an international manufacturer of electrical transformers, utility and communications products has launched a new 18-pulse autotransformer and the second generation of their industrial control transformer .
Influencing Trend:
Increasing Demand for Economical Systems in Power Transmission Industry and Growing Demand Due To Copper Savings Achieved On Installing Autotransformers
Market Growth Drivers:
High Demand for Autotransformer Due To Less Cost and Rising Usage in Small Voltage Variation Applications
Challenges:
Auto-transformers are sensitive to the atmospheric over-voltages
Restraints:
Not Suitable For Stepping Down Higher Voltages
Opportunities:
Technological Innovation in Autotransformer
AMA Research follows 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 showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze 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 includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Autotransformer Market
- Analysis about New Entrants in Autotransformer Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Autotransformer Study Sheds Light on
The Autotransformer Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Autotransformer industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Autotransformer industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.