Global Amorphous Metal Transformers Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Bn. The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Amorphous Metal Transformers Market
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An amorphous metal transformer (AMT) is a type of energy-efficient transformer found on electric grids. The main application of AMT is the grid distribution transformers. It is widely adopted in emerging economies like China and India, where labor cost is low. These countries potentially save 25–30 TWh electricity yearly, eliminate 6-8 GW generation investment, and reduce 20–30 Mn tons of CO2 emission by utilizing this technology.
The global amorphous metal transformers market is driven by the high investment for modernization of aging infrastructure because of the rising demand for electricity and new power generation projects. The growth in the renewable energy sector and the growing demand for smart grid development are expected to impel the market growth during the forecast period. However, the availability of substitutes and reluctance to replace aging infrastructure may restrain the market growth over the upcoming period. The government in emerging economies like China and India are increasing investments in transmission and distribution infrastructure are creating beneficial opportunities for key players in the market in the coming years. Delays in power grid expansion projects are the major challenge in the market growth in the near future.
The MMR report covers the detailed analysis of the global amorphous metal transformers market by type, application, and region.
Based on application, the smart grid segment has led the global amorphous metal transformers market in 2019 and is expected to hold the largest market share of 45% during the forecast period. The smart grid is majorly utilized in electronics devices and control systems that is observed in the industrial and commercial sectors. The growth in the industrial and commercial sectors has positive impact on the segment growth in the market. Upcoming smart city projects in emerging economies are increasing the demand for smart grid, which is projected to provide growth opportunities for the market in the coming years.
Europe held the dominant market share of XX% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. This is attributed to the presence of key players and have well-established power grids. The replacement of the aging power grid into a smart grid along with strict government regulation regarding the efficiency of power transmission equipment is likely to create lucrative opportunities for key players.
Asia Pacific held the second largest market share of XX% in 2019 and is expected to grow at a CAGR of XX% during the forecast period. This is attributed to the growing up-gradation of power and distribution infrastructure activities, replacement of aging equipment, and the rising development in heavy industries and renewable energy in the region.
The objective of the report is to present a comprehensive analysis of the Global Amorphous Metal Transformers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Amorphous Metal Transformers Market dynamics, structure by analyzing the market segments and project the GlobalAmorphous Metal Transformers Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Amorphous Metal Transformers Market make the report investor’s guide.
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Global Amorphous Metal Transformers Market, by Type:
• Single Phase Amorphous Metal Transformers
• Three Phase Amorphous Metal Transformers
Global Amorphous Metal Transformers Market, by Application:
• Smart Grid
• Wind Power
• Solar Industry
• Other
Global Amorphous Metal Transformers Market, by Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Amorphous Metal Transformers Market, Major Players:
• China Amorphous Technology
• Holding Group
• Londerful New Material
• Zhaojing Incorporated
• Shanghai Huakong Electric
• Advanced Technology
• Hitachi Metal
• Antai Technology
• Rhino Electric
• Fortune Electric
• Qingdao Yunlu
• Henan Zhongyue
• Orient Group
• FoshanHuaxin
• Junhua Technology
• Shenke
• Kotsons
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