Bharat Book Bureau Provides the Trending Market Research Report on “Global Converter Transformer Market Report 2023” under Heavy Industry category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence, and their future prospects.
The Converter Transformer Market size will grow from USD 1280.8 Million in 2017 to USD 3564.6 Million by 2023, at an estimated CAGR of 18.6%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
There has been a rapid growth in demand for energy following increased population and industrial need for electricity in the past few years. With the increasing need of energy transmission over long distances, HVDC technology is expected to play a pivot role in the future globally. HVDC transmission facilitates high voltage electricity transmission between generation and consumption centers over long distances. Owing to the stringent environmental regulations being adopted across countries, there is a growing need for cable-based transmission instead of overhead lines for transmitting power over long distances. Also, energy generation from renewable sources such as offshore wind farms, hydel plants, and remotely located solar panels is expected to witness an exponential growth rate in the next decade. With continued high investments in HVDC transmission technology, the market for Converter transformers is expected to grow at a fast pace. The converter transformer is one of the most important components in an HVDC converter station. Converter transformer plays a vital role in terms of total cost of an HVDC converter station, as it affects the performance of the entire connected electric power system. A converter transformer is used to step-up the voltage of the AC supply network. It acts as an interface between the AC system and the thyristor valves in HVDC systems. A major advantage of an Converter transformer is that, it acts as a galvanic barrier between the AC and DC system to prevent the DC potential to enter the AC systems. It also transforms voltage between the AC supply and the HVDC system.
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By Market Players:
ABB Ltd. , General Electric , Tebian Electric Apparatus Stock Company Ltd. , Siemens AG , Crompton Greaves Ltd. , Bharat Heavy Electricals Limited , Toshiba , Kirloskar Electric Company Limited , Shadong Power Equipment Company Limited , XIAN XD Transformer Co. Ltd
Monopolar , Back-To-Back , Bipolar , Multi-Terminal,
By Power Rating
Below 500 MW , 501 MW–999 MW , 1000 MW–2000 MW , Above 2000 MW,
By Voltage Level
201-400 Kv , 401-600 Kv , 601-800 Kv
Windfarms , Oil & Gas , Grid Connections
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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