24 May 2019 - The Electric-Furnace
Transformer Market is subjected
to witness a substantial growth due to the rising energy demands of
ever-growing population and rapid industrialization the Asia Pacific region.
The recent technological advancements in the power & energy generation
sector are expected to drive the growth of the market over the forecast period.
Globally, electric-furnace transformer market is predicted to generate massive
revenue over the forecast period, providing numerous opportunities for industry
participants to invest in research and development of electric-furnace transformers.
The
electric furnace transformers are used during maintenance of circuits and
machines to balance distributed electricity. The electric furnace transformer
are primarily adopted for limiting the voltage fluctuation by processing the
breakdown of certain electrical equipment.
The
electric-furnace transformer uses shared electromagnetic introduction, thereby
altering the voltage and producing electric current that runs over the entire
main coil or circuit. This electric current induces a strong magnetic field
around the coil. The electric-furnace transformer is likely to act as an energy
converter, thus driving power from higher to lower voltage. These factors are
expected to foster the growth of electric-furnace transformer market over the
forecast period.
Based
on the product type, the market is segregated into three types such as
resistance furnace transformer, electric arc furnace transformer and induction
furnace transformer. Electric arc furnace transformer is gaining traction among
smelt and heat treatment industries.
The
electric furnace transformer market is broadly categorized into three major
segments based on the end-use application type such as ladle furnace, steel
furnace and Ferro-alloy furnace. Ladle furnace segment is growing rapidly in
the market with substantial revenue generation in the last few years. Growing
popularity of electric-furnace transformer in ladle furnace segment is
attributed to the rising product penetration in the global market and
availability of low cost solutions.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in the recent years
owing to the rise in implementation of latest technologies in manufacturing
sector, surge in number of research & development activities and existence
of well-established industrial infrastructure in the region. In European
region, Germany, France, and United Kingdom are projected to witness steady
growth over the coming years.
Asia-Pacific
region is estimated to hold a major share in the electric furnace transformer
market with massive growth in the forecast period. Countries such as India,
China and Singapore are leading the Asia-Pacific market with strong economic
growth, rapid industrialization, increasing manufacturing activities and
significant investment by leading industry players considering potential growth
opportunities in the region.
The
key players in the electric-furnace transformer market are ABB Group, Siemens
AG, General Electric Co., Toshiba Corp., Areva S.A., XD Jinan Transformer Co.,
Ltd., TEBA Ltd., TWB Company, L.L.C., and Sunten Electric Equipment Co., Ltd.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (M USD), market
share and growth rate of Electric-Furnace Transformer in these regions, from
2012 to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Electric-Furnace Transformer
market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
•
ABB
•
SIEMENS
•
Alstom
•
Toshiba
•
TBEA
•
Tianwei
•
XD
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