LAMEA Power Transformer Market Size, Share & Industry Trends Analysis Report By Insulation (Oil, Gas, Air, Solid and Others), By Application, By Rating, By Phase, By Core (Shell, Closed and Berry), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Power Transformer Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
The power transformers have a voltage range that varies between 33kV to 400kV. The essential part of the power transformers is core, primary winding, and secondary winding. The other elements of the power transformers comprise tap changers, insulating materials, transformer tank, bushings, breather, conservator, explosion vent, Buchholz relay, and cooling system. Power transformers could be categorized based on turns ratio, core & winding construction, core material, and phases.
The transformer losses that affects power transformers’ efficiency are hysteresis loss, copper loss, flux loss, and eddy current loss. In the core power transformers, the secondary and primary windings surrounds the core. The core of these transformers is designed by stacking them to form the layer and linking two L-shaped steel strips. The strips are organized so that continuous joints are removed to avoid high reluctance at the joints.
Isolation transformers have a turns ratio that equals 1, indicating that the number of turns in the secondary and primary windings is same. They are utilized to separate the load from the origin of power while providing alternating currents. They protect people, operations, and electronic devices from electrical damage, shock, and noise. They are usually utilized in measurement devices, computers, laboratory and medical equipment, industrial machinery, and other sensitive equipment.
One of the most significant changes the African continent will experience in the twenty-first century is urbanization. Cities in Africa are the youngest and changing the fastest, with the fastest population growth rates worldwide. They are projected to have a significant impact on Africa's economic, social, and political landscape in the ensuing decades. Therefore, urbanization offers a tremendous opportunity to further the 2030 and 2063 development objectives. This would further support the growth of the power transformer market.
The Brazil market dominated the LAMEA Power Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $660 Million by 2028. The Argentina market is experiencing a CAGR of 9.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 8.2% during (2022 - 2028).
Based on Insulation, the market is segmented into Oil, Gas, Air, Solid and Others. Based on Application, the market is segmented into Industrial, Residential & Commercial and Utilities. Based on Rating, the market is segmented into 100 MVA to 500 MVA, 501 MVA to 800 MVA and 801 MVA to 1,200 MVA. Based on Phase, the market is segmented into Three and Single. Based on Core, the market is segmented into Shell, Closed and Berry. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Power Transformer Market is Predict to reach $33.7 Billion by 2028, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toshiba Corporation, ABB Group, General Electric Company, Siemens Energy AG, Alstom SA, Mitsubishi Electric Corporation, Hyosung Heavy Industries Corporation, CG Power & Industrial Solutions Ltd. (Murugappa Group), Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.), and Bharat Heavy Electricals Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Residential & Commercial
- 100 MVA to 500 MVA
- 501 MVA to 800 MVA
- 801 MVA to 1,200 MVA
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Toshiba Corporation
- ABB Group
- General Electric Company
- Siemens Energy AG
- Alstom SA
- Mitsubishi Electric Corporation
- Hyosung Heavy Industries Corporation
- CG Power & Industrial Solutions Ltd. (Murugappa Group)
- Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
- Bharat Heavy Electricals Ltd.
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