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There is a scarcity of electricity, especially in rural areas, with only 20 per cent of the West African population having access to power. Therefore, massive rural electrification programmes as well as expansion of existing structures will spur growth in the West African transformer market.
New analysis from Frost & Sullivan (energy.frost.com), The West African Transformer Market, finds that the market earned revenues of $116.00 million in 2009 and estimates this to reach $156.6 million in 2014. The products covered in this analysis are power transformers and distribution transformers.
If you are interested in more information on this study, please send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
"Transformers are overloaded in several service areas in West Africa," says Frost & Sullivan Research Analyst Sandra Ayingono. "With electricity demand expected to increase by 5 per cent by 2012, the expansion of existing power plants or construction of new power plants will generate additional need for power transformers."
However, the demand for transformers is subject to specific expansion or construction projects. These projects are carried out when the need for transformers is identified by different stakeholders, leading to an erratic demand. It is crucial for suppliers to monitor transformer demand and be as proactive as possible.
"Additionally, transformers are under voltage twenty-four hours a day and one-third of their losses are generated off-load, during the long periods of low consumption," explains Ayingono. "These losses have an adverse affect monetarily as well as on greenhouse gas emissions."
Switching to high-efficiency and recyclable transformers is economically and environmentally beneficial.
"Most governments have embarked upon revamping power stations and energy distribution networks to face the inadequate access to energy," concludes Ayingono. "The future growth of transformers is expected to continue to increase rather than being constrained by the level of investment, especially for Côte d'Ivoire and Senegal."
The West African Transformer Market is part of the Energy & Power Growth Partnership Services programme, which also includes research in the following markets: South African Transformer Market, Strategic Growth Plan of Major Power Utilities in Sub Saharan Africa, Strategic Analysis of the electricity Markets in Ivory Coast, Senegal and Equatorial Guinea, Ghana, and Nigeria. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.
The West African Transformer Market / M595
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