Global Electric Power Transmission & Distribution Transformer Market Will Reach $33.45bn in 2012, Says Visiongain09 May 2012 • by Natalie Aster
A combination of ageing infrastructure, the rising use of renewable energy sources which need to be integrated into the existing grid, rising demand for electricity, a need to improve transmission efficiency and energy security, are translating into growth in the electric power transmission & distribution transformer market.
To tap the full potential of renewables, a transmission grid overhaul is necessary to offset intermittency issues and accelerate deployment of distributed renewable generation. This will also reduce transmission losses leading to increased industrial competiveness. It is calculated that the global electric power transmission and distribution (T&D) transformer market will reach $33.45bn in 2012.
According to the report “The Electric Power Transmission and Distribution (T&D) Transformer Market 2012-2022” by Visiongain, over the forecast period many regions and countries will experience strong growth in the electric power transformer market as a number of governments and utility companies rush to upgrade and expand the transmission and distribution infrastructure.
The Electric Power Transmission and Distribution (T&D) Transformer Market 2012-2022
Published: April, 2012
Price: US$ 2.642,00
Emerging national electric power transmission & distribution equipment markets such as China, India, and Brazil will drive growth in the market while the US and major European countries will remain central to transmission & distribution transformer market sales over the forecast period to 2012-2022, as these economies continue to invest heavily in their electricity generation, transmission and distribution networks. Growth in other national and regional markets is expected to increase sharply, as national, regional and continental electricity grids are interconnected.
Competition between transformer manufacturers will be stiff as new entrants into the global market from China, South Korea and India challenge the market dominance of European and American manufacturers.
More information can be found in the report “The Electric Power Transmission and Distribution (T&D) Transformer Market 2012-2022” by Visiongain.
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