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(Hosting-NewsWire.com, August 03, 2018 ) Over the next five years, LPI(LP Information) projects that Special Transformers will register a 5.2% CAGR in terms of revenue, reach US$ 2430 million by 2023, from US$ 1800 million in 2017.
The average price of Special Transformer will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and cost of raw materials.
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Transformer in addition to the exchange of AC voltage conversion, there are other uses, such as changing the frequency of power supply, rectifier equipment, power supply, welding equipment, power supply or electric power transformer, current transformers and so on. These special-purpose transformers are known as special transformers. Because of the working conditions and load conditions of these transformers, they can not be calculated by the general transformer calculation method.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
This report presents a comprehensive overview, market shares, and growth opportunities of Special Transformers market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Liquid Filled Dry-type Segmentation by application:
Railway Industry Electricity Industry Other
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ABB SIEMENS Alstom Toshiba TBEA Tianwei XD In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Special Transformers consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023. To understand the structure of Special Transformers market by identifying its various subsegments. Focuses on the key global Special Transformers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Special Transformers with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the consumption of Special Transformers submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.
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