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This article takes you to understand the current situation of the global transformer industry market in 2021

 Last Update: 2021-06-20
 Source: Internet
 Author: User

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What is a transformer?

Transformer is a device that converts voltage or current proportionally.
Its function is to convert high voltage or large current proportionally to standard low voltage (100V) or standard small current (5A or 1A, both refer to the rated value) in order to achieve measurement Standardization and miniaturization of instruments , protection equipment and automatic control equipment.
At the same time, transformers can also be used to isolate high-voltage systems to ensure the safety of people and equipment.

gauge

1.
The market scale of the global transformer industry has steadily increased

Increasing power demand, rapid development of global alternative energy sources, technological reforms, aging infrastructure renovations, and growing global smart grid and energy system investments are the main factors that promote the steady growth of the transformer market.
According to statistics from the International Energy Agency, it is estimated that between 2014 and 2035, global investment in power distribution will reach US$24.
2 billion, with 24.
2 million kilometers of new distribution lines, and an additional investment of US$3,170 billion for the transformation of old power grids.
infrastructure.

According to the data from a research report on transformers released by Markets and Markets, a market research organization, the global transformer market size in 2018 was about 7.
64 billion U.
S.
dollars.
Combined with the development of the global transformer industry, it is estimated that in 2020, the global transformer market will be about 8.
32 billion.
US dollars.

2.
The Chinese market is expected to become the world's fastest growing transformer market

From the perspective of regional markets, the global transformer market is mainly concentrated in Europe, North America and the Asia-Pacific region.
In recent years, as China, India and other emerging markets in the Asia-Pacific region continue to increase investment in the construction of transmission and distribution networks, the Asia-Pacific region has gradually developed into the world's largest regional market for transformers.

Analysis of the development path of the transformer industry, power consumption growth, government support measures for renewable energy, and the replacement of aging power plants will promote the growth of the transformer market demand in the region.
Based on this, the Chinese market is expected to become the fastest growing Transformer market.

　　3.
The construction of smart grids has spawned new growth points

　　At present, driven by the awareness of green energy conservation, the smart grid, known as "Grid 2.
0", has become a key area in which countries all over the world are competing for development.
Based on the integrated, high-speed two-way communication network, the smart grid can realize the reliability, safety and economy of the grid through the application of advanced sensing and measurement technology, advanced equipment technology, advanced control method and advanced decision support system technology.
, High efficiency, environmental friendliness and safe use of the goal.

　　It can be said that the construction of smart grids not only promotes the sustainable development of the global economy, but also promotes the development of smart communities and smart cities, and improves people's quality of life.

　　As one of the countermeasures against global warming, smart grids are full of expectations from all over the world.
The construction of smart grids will fundamentally change the traditional power infrastructure and generate new business opportunities.

　　According to statistics from the research institute Markets and Markets, the global smart grid market scale was about 23.
8 billion U.
S.
dollars in 2018, and this figure will reach 61.
3 billion U.
S.
dollars in 2023.
It is expected that the global smart grid investment boom in the next 5 years will not Retreat, the global smart grid market in 2025 is about 89.
5 billion U.
S.
dollars.

　　The report believes that the main factors that promote the growth of global smart grids include: government policies and statutory tasks support, the improvement of smart grid reliability, and the modernization of aging grid infrastructure.

　　With the continuous deepening of the global smart grid construction, the transformer market will also maintain stable development.
Markets and Markets predicts that the global transformer market will maintain a compound annual growth rate of 4.
35% in the next few years.
It will develop steadily by 2026.
The scale will reach 10.
7 billion US dollars.

　　With the increasing dependence of human production and life on electric power resources, the demand for electric energy measurement in the whole society will continue to increase, which will drive the steady growth of the market scale of related products including transformers.
As the world's largest production base of electrical instruments and meters , China will further strengthen its position as a global manufacturing base in the future.

Instrumentation

　　With the continuous adjustment and upgrade of the global electrical instrumentation product structure, the proportion of high-end products with high precision, high performance and long life will continue to rise, which will further drive the rapid growth of the transformer market.

　　For the above data and analysis, please refer to the "Development Prospects and Investment Forecast Analysis Report of China Transformer Industry" by Qianzhan Industry Research Institute.
At the same time, Qianzhan Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment promotion, and IPO.
Solutions such as fundraising and feasibility studies.

　　Original title: This article takes you to understand the current market situation, regional pattern, development prospects and development trends of the global transformer industry in 2021

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