Distribution Transformers Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Japan, Germany - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 174 SKU: IRTNTR75049

Distribution Transformers Market Forecast 2024-2028

The distribution transformers market is projected to value at USD 6.79 billion with a CAGR of 6.18% between 2023 and 2028. The rising power requirements from various sectors are driving the need for more efficient and reliable power generation, transmission, and distribution systems. Upgradation of power infrastructure is essential to meet these increasing demands and to ensure the reliability and stability of the power supply. Additionally, the expansion of renewable energy generation capacity, driven by environmental concerns and the need for sustainable energy sources, is playing a significant role in transforming the power sector and driving market growth.

What will be the Size of the Market During the Forecast Period?

Market Forecast 2024-2028

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Market Segmentation

This report extensively covers market segmentation by End-user (power utilities and industrial and commercial), Type (oil-filled and dry type), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) and geography APAC, North America, Europe, Middle East and Africa, and South America.

By Type 

The oil-filled segment is estimated to witness significant growth during the forecast period. The use of oil as an insulating medium is increasingly prevalent in the case of distribution transformers. In addition, distribution transformers are mostly located inside the safe perimeters of a substation or a distribution station, and hence, the chances of injuries or fatalities due to any accidents are less when compared with distribution transformers. 

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The oil-filled segment was the largest segment and was valued at USD 11.87 billion in 2018. Moreover, a majority of the demand for liquid-immersed distribution transformers originates from the Middle East and APAC. In addition, the growing population and thriving economies have led to expanded electricity coverage in these regions, especially in the Middle East region, fueling the installation of new grid networks. Furthermore, rapid industrial development in India and China has raised the demand for electricity in APAC, leading to increased investment in power infrastructure. Therefore, industrial activities gained momentum, which led to increasing investments in power generation in the US and European countries which has resulted in the expansion of power generation capacities, which increased demand. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

By End-user

Based on the end-user, the segment is classified into power utilities and industrial and commercial. The power utilities segment includes distribution transformers used by power utilities to supply electricity to residential, commercial, and industrial end-users. In addition, the growing global demand for power has ramped up the need for utility grids to invest in power infrastructure. Moreover, while the demand can be met through conventional fossil fuel and renewable power, the transmission and distribution segments require greater intervention as they supply electricity from the point of generation to end-users. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

By Region

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APAC is estimated to contribute 45% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In APAC, the demand in the region can be mainly attributed to the growing need for energy, which has led to generation transmission and distribution projects. Moreover, many countries in APAC have started expanding their distribution networks to meet rising demand. A major chunk of these projects is targeted toward residential projects. These efforts will directly contribute to the demand in the region, which will increase the market growth during the forecast period. 

Market Dynamics

The market is experiencing substantial growth driven by factors such as the increasing energy demand, regulatory reforms, and advancements in technology. These transformers play a critical role in transmitting electricity from the transmission infrastructure to the end-users, especially in remote areas. Their compactness and cost-effectiveness make them ideal for installation in various locations. Oil-filled transformers, a common type, utilize oil as a cooling medium and come in different ratings to handle various loads and overloads. As urbanization and population expansion continue, the demand for electricity rises, prompting investments in distribution transformers to enhance the efficiency of the electrical grid and facilitate the integration of renewable energy sources. This market is particularly prominent in emerging countries looking to improve their transmission and distribution infrastructure and achieve economic efficiency, even as they transition from the fossil fuel to the natural gas sector. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver - Rising requirements for power from residential, industrial, and commercial sectors

Rising requirements for power from residential, industrial, and commercial sectors is the key factor driving the growth of the global market. The rapid industrial growth in emerging economies such as China, India, Indonesia, Malaysia, Vietnam, Brazil, Argentina, Nigeria, and Ethiopia has spiked demand for energy from the industrial and commercial sectors. Transformers are likely to find high adoption in these countries. The growth in per capita income has resulted in the extensive use of electrical and electronic equipment in these countries, thereby enhancing the demand.

Moreover, developing countries, particularly in Asia and Africa, are expanding and upgrading their power infrastructure in rural and remote areas to address the rising energy demand. A major chunk of the demand from North America and Europe comes from the industrial and commercial sectors, where digitization and automation have led to the widespread use of equipment. Therefore, the rising demand in different end-user sectors is expected to continue to be the major driver for the global market during the forecast period.

Major Market Trends - Technological advances in distribution transformers

Technological advances in distribution transformers are the primary trend in global market growth. A changing network landscape with new energy sources and new loads in terms of distribution requires a high level of flexibility and efficiency. This has given rise to the digitization. As transformers are key parts of a power network, they are witnessing digitization with the help of advanced sensors, monitoring platforms, and software tools. The digitization of offers end-users data points that can help in operating transformers to their full capacity and enable to achievement of predictive maintenance for transformers.

Moreover, the transformer makes use of data collected from sensors to generate actionable data on transformer operations. This includes features such as scheduling maintenance, optimizing system performance, and planning asset replacement. Furthermore, digitization enables optimized grid operation, quicker action, and predictive maintenance. Such advantages drive the growth of the global market during the forecast period.

Significant Market  Challenge - Volatile raw material prices

Volatile raw material prices are a major challenge to the growth of the global market. The raw materials include extrusions, castings, powder metal, metal sheets and strips, forging billets, bar stock, and plastic pellets. The prices of these raw materials vary significantly, given different macroeconomic factors as well as geopolitical reasons. Since these raw materials, particularly steel, copper, and aluminum, are used in nearly all industries, any demand fluctuation in other industries can also cause price changes. Price change also varies with the requirement of different grades of raw materials.

Moreover, the price changes in these materials can also impact the cost. While companies can increase the price of the final products, they cannot always pass on the additional costs to end-users owing to the strong market competition. However, high raw material prices will continue to present a challenge for the market against price volatility. This is expected to restrict the growth of the global market during the forecast period.

Who are the Major Distribution Transformers Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd: The company offers distribution transformers such as Power distribution transformers rated up to 1200 kV, Dry and liquid distribution transformers, and Power distribution transformers rated up to 500 kV

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Arkansas Electric Cooperative Corp., Bharat Heavy Electricals Ltd., Celme Srl, CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, EL Sewedy Electric Co., Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hyosung Corp., IMEFY GROUP, Lemi Trafo JSC, Mitsubishi Electric Corp., Ormazabal, Schneider Electric SE, Siemens AG, Toshiba Corp., and Wilson Transformer Co. Pty Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook 
    • Oil-filled
    • Dry type
  • End-user Outlook 
    • Power utilities
    • Industrial and commercial
  • Geography Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is driven by factors like valuation and power demand in various sectors. With increasing technology penetration, there's a focus on smart grids and modern infrastructure. Installation features and capacity addition plans cater to commercial purposes and industrial users. The market emphasizes renewable power infrastructure and grid standardization to meet high electricity demand. Different voltage options, including low voltage and medium voltage, cater to diverse power distribution needs. Insulation types such as oil immersed ensure efficient distribution, while liquid immersed type transformers are crucial for global distribution. Despite technological constraints and cost constraints, the market thrives on innovative solutions for efficient power distribution.

The market is influenced by various factors, including family income affecting consumer spending on electricity. The transmission & distribution infrastructure plays a crucial role in ensuring efficient power supply to homes and businesses. Tech firms are driving innovations in the electrical distribution network, leading to advancements like pad-mounted transformers and retrofitting solutions. With increasing electricity demands and the rise of renewable generation, there's a need for transformers with higher power ratings and suitable insulating and mounting types. Distribution substations are pivotal in managing power distribution capacity and ensuring reliable electricity supply, especially in areas with high electricity demand.

 Market Scope

Report Coverage

Details

Page number

174

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.18%

Market Growth 2024-2028

USD 6.8 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.41

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Arkansas Electric Cooperative Corp., Bharat Heavy Electricals Ltd., Celme Srl, CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, EL Sewedy Electric Co., Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hyosung Corp., IMEFY GROUP, Lemi Trafo JSC, Mitsubishi Electric Corp., Ormazabal, Schneider Electric SE, Siemens AG, Toshiba Corp., and Wilson Transformer Co. Pty Ltd.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global distribution transformers market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global distribution transformers market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Oil-filled - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Oil-filled - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Oil-filled - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Oil-filled - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Oil-filled - Year-over-year growth 2023-2028 (%)
    • 6.4 Dry type - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Dry type - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Dry type - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Dry type - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Dry type - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Power utilities - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Power utilities - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Power utilities - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Power utilities - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Power utilities - Year-over-year growth 2023-2028 (%)
    • 7.4 Industrial and commercial - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Industrial and commercial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Industrial and commercial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Industrial and commercial - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Industrial and commercial - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 56: Market opportunity by End-user ($ billion)
      • Exhibit 57: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 91: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 111: ABB Ltd. - Overview
              • Exhibit 112: ABB Ltd. - Business segments
              • Exhibit 113: ABB Ltd. - Key offerings
              • Exhibit 114: ABB Ltd. - Segment focus
            • 12.4 Bharat Heavy Electricals Ltd.
              • Exhibit 115: Bharat Heavy Electricals Ltd. - Overview
              • Exhibit 116: Bharat Heavy Electricals Ltd. - Business segments
              • Exhibit 117: Bharat Heavy Electricals Ltd. - Key news
              • Exhibit 118: Bharat Heavy Electricals Ltd. - Key offerings
              • Exhibit 119: Bharat Heavy Electricals Ltd. - Segment focus
            • 12.5 CG Power and Industrial Solutions Ltd.
              • Exhibit 120: CG Power and Industrial Solutions Ltd. - Overview
              • Exhibit 121: CG Power and Industrial Solutions Ltd. - Business segments
              • Exhibit 122: CG Power and Industrial Solutions Ltd. - Key offerings
              • Exhibit 123: CG Power and Industrial Solutions Ltd. - Segment focus
            • 12.6 Eaton Corp. Plc
              • Exhibit 124: Eaton Corp. Plc - Overview
              • Exhibit 125: Eaton Corp. Plc - Business segments
              • Exhibit 126: Eaton Corp. Plc - Key news
              • Exhibit 127: Eaton Corp. Plc - Key offerings
              • Exhibit 128: Eaton Corp. Plc - Segment focus
            • 12.7 EL Sewedy Electric Co.
              • Exhibit 129: EL Sewedy Electric Co. - Overview
              • Exhibit 130: EL Sewedy Electric Co. - Product / Service
              • Exhibit 131: EL Sewedy Electric Co. - Key offerings
            • 12.8 Emerson Electric Co.
              • Exhibit 132: Emerson Electric Co. - Overview
              • Exhibit 133: Emerson Electric Co. - Business segments
              • Exhibit 134: Emerson Electric Co. - Key news
              • Exhibit 135: Emerson Electric Co. - Key offerings
              • Exhibit 136: Emerson Electric Co. - Segment focus
            • 12.9 Fuji Electric Co. Ltd.
              • Exhibit 137: Fuji Electric Co. Ltd. - Overview
              • Exhibit 138: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 139: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 140: Fuji Electric Co. Ltd. - Segment focus
            • 12.10 General Electric Co.
              • Exhibit 141: General Electric Co. - Overview
              • Exhibit 142: General Electric Co. - Business segments
              • Exhibit 143: General Electric Co. - Key news
              • Exhibit 144: General Electric Co. - Key offerings
              • Exhibit 145: General Electric Co. - Segment focus
            • 12.11 Hitachi Ltd.
              • Exhibit 146: Hitachi Ltd. - Overview
              • Exhibit 147: Hitachi Ltd. - Business segments
              • Exhibit 148: Hitachi Ltd. - Key news
              • Exhibit 149: Hitachi Ltd. - Key offerings
              • Exhibit 150: Hitachi Ltd. - Segment focus
            • 12.12 Lemi Trafo JSC
              • Exhibit 151: Lemi Trafo JSC - Overview
              • Exhibit 152: Lemi Trafo JSC - Product / Service
              • Exhibit 153: Lemi Trafo JSC - Key offerings
            • 12.13 Mitsubishi Electric Corp.
              • Exhibit 154: Mitsubishi Electric Corp. - Overview
              • Exhibit 155: Mitsubishi Electric Corp. - Business segments
              • Exhibit 156: Mitsubishi Electric Corp. - Key news
              • Exhibit 157: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 158: Mitsubishi Electric Corp. - Segment focus
            • 12.14 Schneider Electric SE
              • Exhibit 159: Schneider Electric SE - Overview
              • Exhibit 160: Schneider Electric SE - Business segments
              • Exhibit 161: Schneider Electric SE - Key news
              • Exhibit 162: Schneider Electric SE - Key offerings
              • Exhibit 163: Schneider Electric SE - Segment focus
            • 12.15 Siemens AG
              • Exhibit 164: Siemens AG - Overview
              • Exhibit 165: Siemens AG - Business segments
              • Exhibit 166: Siemens AG - Key news
              • Exhibit 167: Siemens AG - Key offerings
              • Exhibit 168: Siemens AG - Segment focus
            • 12.16 Toshiba Corp.
              • Exhibit 169: Toshiba Corp. - Overview
              • Exhibit 170: Toshiba Corp. - Business segments
              • Exhibit 171: Toshiba Corp. - Key news
              • Exhibit 172: Toshiba Corp. - Key offerings
              • Exhibit 173: Toshiba Corp. - Segment focus
            • 12.17 Wilson Transformer Co. Pty Ltd.
              • Exhibit 174: Wilson Transformer Co. Pty Ltd. - Overview
              • Exhibit 175: Wilson Transformer Co. Pty Ltd. - Product / Service
              • Exhibit 176: Wilson Transformer Co. Pty Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 177: Inclusions checklist
                • Exhibit 178: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 179: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 180: Research methodology
                • Exhibit 181: Validation techniques employed for market sizing
                • Exhibit 182: Information sources
              • 13.5 List of abbreviations
                • Exhibit 183: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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