Worldwide Industry for Power Transformers to 2027 - Increasing Use of Renewable and Non-Conventional Energy Sources Presents Opportunities - ResearchAndMarkets.com
Power transformer is a type of transformer used primarily to receive low voltage generator electric power and transmit it across distribution channelss across the power grid network.
- Power transformer is a type of transformer used primarily to receive low voltage generator electric power and transmit it across distribution channelss across the power grid network.
- Rise in usage of electricity, replacement of existing power transformers, and increase in adoption of smart grids and smart transformers drive the global power transformer market.
- Increase in demand for electricity and emergence of renewable power sources boosts the adoption of high voltage transmission technologies such as UHV, HVAC and HVDC power transformers.
- Thus, the emergence of renewable energy as a primary source of energy offers long-term growth opportunities to the global power transformers market.