A new report "The Global Market for Transformers 2014- 2050" forecasts
steady global growth between 2015 and 2020, with the installed base of
Power Transformers likely to increase by 16.4% and the installed base of
Distribution Transformers to increase by 6.8%.
During the same period, we forecast that global generating capacity will increase from 5.9 million MW to 6.6 million MW.
The total power and distribution transformer market is estimated at $35.0 billion in 2014 and will rise to $47.9 billion in 2020 at current values representing a cagr of 5.3%.
“But fortunes within the total, global market vary dramatically once we start looking at the split between power transformers (PT) and distribution transformers (DT) and then by region.” says StatPlan director David Dower: “In terms of installed base, the most significant growth will be in Asia for PT and Sub-Saharan Africa for DT, both of these markets will show a growth in the installed base of more than20% from 2015 to 2020. Other regional markets will also show double digit growth over that time and we will be following the Middle East in both PT and DT demand with interest.”
Future demand for transformers is shaped by a range of factors. Most significant of these is the importance of the replacement segment which in some parts of the world is already more important than “new build”. To understand the impact of this, it is vital to know when transformers were installed and their likely useful life span (which varies according to type). Power and distribution transformers last for a long time and the demand cycle extends over many decades but they do require replacement in the end. StatPlan has therefore built a database mapping the growth of transformer installation since the start from the industry, by country, utilising hundreds of sources. This allows us to analyse likely replacement phases in the future.
Details of how to purchase "The Global Market for Transformers 2014 - 2050" can be found at www.statplanenergy.com. The report provides detailed assessment of the future of the transformer industry with short term forecasts to 2020 (by value, units and unit type) long term trends to 2050 and detailed discussion on key drivers of the market. Price £3,600 (guide $6,100, €4,550) without supporting database, or £4,300 (guide $7,250, €5,450) with supporting excel database. Enterprise licences available, details on request.
Notes to Editors: StatPlan is a market research and publishing company specialising in the energy industry, especially electricity, and associated industries around the world. It publishes a range of reports, forecasts and databases and offers ad hoc consultancy for the energy sector. Clients include many of the world’s leading management consultancies, investment institutions and manufacturers.
During the same period, we forecast that global generating capacity will increase from 5.9 million MW to 6.6 million MW.
The total power and distribution transformer market is estimated at $35.0 billion in 2014 and will rise to $47.9 billion in 2020 at current values representing a cagr of 5.3%.
“But fortunes within the total, global market vary dramatically once we start looking at the split between power transformers (PT) and distribution transformers (DT) and then by region.” says StatPlan director David Dower: “In terms of installed base, the most significant growth will be in Asia for PT and Sub-Saharan Africa for DT, both of these markets will show a growth in the installed base of more than20% from 2015 to 2020. Other regional markets will also show double digit growth over that time and we will be following the Middle East in both PT and DT demand with interest.”
Future demand for transformers is shaped by a range of factors. Most significant of these is the importance of the replacement segment which in some parts of the world is already more important than “new build”. To understand the impact of this, it is vital to know when transformers were installed and their likely useful life span (which varies according to type). Power and distribution transformers last for a long time and the demand cycle extends over many decades but they do require replacement in the end. StatPlan has therefore built a database mapping the growth of transformer installation since the start from the industry, by country, utilising hundreds of sources. This allows us to analyse likely replacement phases in the future.
Details of how to purchase "The Global Market for Transformers 2014 - 2050" can be found at www.statplanenergy.com. The report provides detailed assessment of the future of the transformer industry with short term forecasts to 2020 (by value, units and unit type) long term trends to 2050 and detailed discussion on key drivers of the market. Price £3,600 (guide $6,100, €4,550) without supporting database, or £4,300 (guide $7,250, €5,450) with supporting excel database. Enterprise licences available, details on request.
Notes to Editors: StatPlan is a market research and publishing company specialising in the energy industry, especially electricity, and associated industries around the world. It publishes a range of reports, forecasts and databases and offers ad hoc consultancy for the energy sector. Clients include many of the world’s leading management consultancies, investment institutions and manufacturers.
