PRTODAY / NewswireToday press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

OEMs Should Focus on Grid Modernization and Emerging Countries to Power Global Transformers Market According to Frost & Sullivan - The replacement market in Europe is expected to drive a 600 billion euros investment by 2020, finds Frost & Sullivan - Frost.com
OEMs Should Focus on Grid Modernization and Emerging Countries to Power Global Transformers Market According to Frost & Sullivan

 

NewswireToday - /newswire/ - Santa Clara, CA, United States, 2018/08/09 - The replacement market in Europe is expected to drive a 600 billion euros investment by 2020, finds Frost & Sullivan - Frost.com.

   
 
 

The massive deployment of distributed energy resources (DER) and two-way power flow is intensifying the need for strong distribution transformer infrastructure. One of the biggest upshots of distributed generation is the demand for smart/solid-state transformers for voltage management in smart grids. The accelerated sales of smart/solid-state transformers in North America, Germany, China, and India and the rising interest from the UAE, Saudi Arabia, and Brazil are expected to propel the global transformers market toward $35.45 billion by 2022.

"Grid modernization, smart grids, and new rapid transit rail networks with high-speed trains and electric vehicle (EV) charging stations are expected to fuel demand for smart/solid-state transformers,” said Farah Saeed, Digital Grids Research Director at Frost & Sullivan. "To make the most of this burgeoning demand, original equipment manufacturers (OEMs) should invest heavily in setting up manufacturing plants in the frontier nations. Partnering with local resellers and OEMs will give them a huge advantage when trying to penetrate the Asia-Pacific market, especially Southeast Asia."

Frost & Sullivan’s recent analysis, Global Transformers Market, Forecast to 2022, focuses on the important trends in the distribution, power, isolation, and smart transformers markets. It also analyzes the drivers and restraints of the overall global transformers market and presents the top growth opportunities through 2022.

For further information on this analysis, please visit: frost.ly/2nm

While expanding their footprint, it is important for OEMs to make sure that the design of their transformer meets the stipulations set by the regulatory bodies in a particular country or region. They should also have a clear understanding of the service requirements of the end user before launching their product. This could require them to adjust their distribution transformer design to offer modularity as well as smaller ratings and footprint. The quality of value-added services also will be a key differentiator in a tough competitive environment.

"The global market faces stiff competition from Chinese and South Korean manufacturers due to their higher-volume sales and lower-priced transformers," noted Saeed. "The top five market leaders have to innovate business models or risk losing market share to creative and emerging companies."

In addition to Asia, OEMs from low-cost European countries such as Slovakia and Romania are flooding the market. However, as utilities are stepping up their demand for reliable and advanced solutions, these low-cost players will find it hard to compete against market giants like ABB, Siemens, Alstom, CG Global, and Toshiba.

With geographic expansion emerging as a top growth opportunity for the transformers market, OEMs are most likely to flock to:

• Europe: Transformers in Europe have reached the end of their lifetime. OEMs will be eager to make the most of the region's need for a €600 (or approximately $697) billion investment in its networks by 2020.

• Middle East: The high growth in electricity consumption is a key driver. The UAE will experience 4.5 percent to 5 percent growth between 2015 and 2022, while Qatar is expected to grow at 8 percent to 10 percent.

• North America: Substantial investments through upgrades, replacements, and expansion of the present and future transmission & distribution (T&D) infrastructure will drive the transformer market.

• Asia-Pacific: The T&D investments in Asia-Pacific are anticipated to reach $3.1 billion between 2014 and 2035.

Global Transformers Market, Forecast to 2022 is part of Frost & Sullivan’s global Grids Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan (frost.com) has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Transformers Market, Forecast to 2022

P995-14

 
 
 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


OEMs Should Focus on Grid Modernization and Emerging Countries to Power Global Transformers Market According to Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Francesca Valente - Frost.com 
210-348-1012 francesca.valente[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

GRUPO LOSAN Boosts the Reliability and Efficiency of Its COMETA Power Plant in Spain
LumaSense to Attend SOER’s Oklahoma Oil & Gas Expo
ABB Wins $20 Million Order for Innovative Offshore Wind Transformers
ENGIE Strengthens its Position as France’s Leading Wind Energy Company with the Acquisition of A Portfolio of Projects Worth Nearly 500 MW
Eni and GE Renewable Energy to Power Badamsha Plant, Eni’s First Large-scale Wind Project in Kazakhstan
GE Power to Deliver India’s First Low NOx Boiler Technology for Thermal Plants
ABB Brings Latest Technology Solutions to WindEnergy Hamburg 2018
ENGIE, A Major Player in Responsible Mobility, Becomes An Official Partner of the 2018 Paris Motor Show
GE Renewable Energy Launches Cypress Onshore Wind Platform, Designed to Grow, Adapt, Thrive and Lower the Cost of Electricity for Customers
ABB Wins Major Order to Enable Transmission of Clean Energy in Central Asia
Rockwell Automation Supports the Energy Observer Project
LumaSense to Attend Hydrocarbon Processing’s International Refining and Petrochemical Conference
Tractebel Strengthens its Position in Offshore Wind Engineering with the Acquisition of Overdick
ENGIE and Maltem Come Together to Found Blockchain Studio and Secure €1.9m in Seed Funding
GE and Construtora Quebec Partner to Build the Power Plant in Brazil

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Limelon Advertising, Co.





 
  ©2018 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)