Global Medium Voltage Transformers Market Set for Rapid Growth And Trend, by 2025

Medium Voltage Transformers Market 2015-2025
Shares, Trend and Growth Report
April 2017
Report Id : REP-GB-772
Status : Ongoing
Category : Industrial Automation and Equipment
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Medium Voltage Transformers Market
An electrical device used for transferring electrical energy between two or more circuits through
electromagnetic induction is known as transformer. Transformers are commonly used in applications
which require the conversion of AC voltage from one voltage level to another. Medium voltage
transformer is a static electrical device that transfers electrical energy by inductive coupling between its
core winding. A varying current is supplied in the primary winding which creates a varying magnetic flux
in the transformer's core leading to a varying magnetic flux through the secondary winding. This varying
magnetic flux produces a varying electromotive force (also called emf) or voltage in the secondary
winding. Transformers are used either to vary the relative voltage of the circuits or to isolate them or
both. Medium voltage transformer is an essential part of the power network responsible for
transmission, distribution, and utilization of electrical energy. Availability and longevity of these
transformers have a major impact on grid reliability and profitability.
The size of a power transformer is determined by three factors; primary or input voltage, the secondary
or output voltage and the load capacity measured in kVA. Of these three factors, the amount of power
that can be transferred or the capacity rating is often the key parameter rather than the voltage.
Additionally, the voltage rating is often used to describe different classes of power transformers, such as
extra high voltage 345 to 765 kV; high voltage 115 to 230 kV; medium voltage 34.5 to 115 kV and
distribution voltage 2.5 to 35 kV.
Oil immersed transformer is the most common type of medium voltage transformer. This transformer is
used in most of the regular power distribution systems in substations or other distribution solutions. The
dry-type transformer is higher in cost when compared with liquid-filled transformers although some
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Medium Voltage Transformers Market
characteristics of this transformer can tribute to choosing it as an alternative for liquid-filled
transformers. The compact construction and the low maintenance costs offers an exciting view when the
two types are compared. Due to the fact that there is no cooling fluid required like in the liquid-filled
transformer there is no possible danger to the environment and this makes this type of transformer most
suitable for green areas. These transformers are usually used for power distribution for residential areas
and for industrial and commercial purposes. US is one of the largest market and holds the largest
installed base of medium voltage transformers. Electric utilities accounts for approximately two-thirds of
the medium voltage transformers market, with industrial and commercial segments accounting for about
one third.
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Medium Voltage Transformers Market: Drivers & Restraints
Rising urbanization in developing countries leads to an increase in the demand for power generation and
transmission, transmission expansion to integrate renewable energy resources, new capacity addition in
thermal and nuclear power generation are some of the key factors driving the growth of the global
medium voltage transformers market.
Price fluctuation of raw material, maintenance and aging costs, compliance with specifications, quality
and testing are few factors limiting the growth of the global medium voltage transformers market.
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Medium Voltage Transformers Market
Medium Voltage Transformers Market: Segmentation
The global medium voltage transformers market is broadly classified on the basis of product type,
mounting, applications and geographies.
Based on product type, the global medium voltage transformers market is segmented into:
 Liquid-filled transformer
 Dry-type transformer
Based on mounting, the global medium voltage transformers market is segmented into:
 Pad-mounted transformer
 Pole-mounted transformer
Based on application, the global medium voltage transformers market is segmented into:
 Utility
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Medium Voltage Transformers Market
 Commercial
 Industrial
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Medium Voltage Transformers Market: Overview
Asia Pacific, Middle East and Africa holds immense market potential, since the generation and
distribution infrastructure of electricity is still in its nascent stage in these regions.
With developing new technologies in emerging economies, rapid urbanization and increasing housing
and infrastructure investments, the acceptance of medium voltage transformers is gaining popularity. The
global medium voltage transformers market is expected to expand at a promising CAGR during the
forecast period (2015-2025).
Medium Voltage Transformers Market: Region-wise Outlook
The global medium voltage transformers market is expected to remain quite optimistic for the forecast
period. Depending on geographic regions, global medium voltage transformers market is segmented into
seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan,
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Medium Voltage Transformers Market
and Middle East & Africa. As of 2015, North America dominated the global medium voltage transformers
market in terms of market revenue. Asia Pacific & Japan are projected to expand at a substantial growth
and will contribute to the global medium voltage transformers market value exhibiting a robust CAGR
during the forecast period, 2015-2025.
Medium Voltage Transformers Market: Key Players
Some of the key market participants in global medium voltage transformers market are ABB, Schneider
Electric, Siemens, Crompton Greaves Ltd, Eaton Corporation, Emerson Industrial Automation,
Mitsubishi Electric, Hammond Power Solutions, Kirloskar Electric, SMA America LLC.
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