gdpe1061mar-power transformers market for power industry ... · five-year plan (fyp), wherein heavy...

POWER TRANSFORMERS MARKET FOR POWER INDUSTRY, 2013 UPDATE – GLOBAL MARKET SIZE,

EQUIPMENT MARKET SHARE, KEY COUNTRY ANALYSIS TO 2020

REFERENCE CODE GDPE1061MAR | PUBLICATION DATE OCTOBER 2013

Power Transformers Market for Power Industry, 2013 Update – Global Market Size, Equipment Market Share, Key Country Analysis to 2020 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.



Executive Summary

Global Power Transformer Market Expected to Grow Considerably

The value of the global power transformer market

amounted to an estimated $XX billion in 2013. In

the emerging economies of Asia-Pacific and the

Middle East, extensive power plant capacity

additions, economic growth, and the need to

improve access to electricity are driving grid

expansion and the power transformer market.

There have been comparatively few new power

transformer installations in North America and

Europe. However, with XX% of power transformers

in North America being more than 25 years old, the

replacement market provides major opportunities

for power transformer companies. Similarly, many

developed European countries have aged

transmission grid systems such as the UK, where

the grid is in high danger of collapsing. The EU is

also planning to strengthen individual country

power grids and establish a pan-European grid,

which would involve substantial investment in

power transformers. Supported by these strong

drivers, the size of the global power transformer

market is expected to increase from $XX billion in

2013 to $XX billion in 2020.

Power Transformer Market, Global, Revenue ($bn), 2013–2020

2013 2020

Rev

enue

($bn

)

Source: GlobalData, Power Equipment Database [Accessed on September 4, 2013]

China and India, Key Market for Transformers

China and India accounted for XX% of global

capacity additions in 2013. The substantial

Transmission and Distribution (T&D) investment in

these countries is the major driver for growth.

China and India’s share in global capacity addition

is expected to be XX% by 2020. However, with

other developing countries increasing China and

India’s installed capacity share is expected to

come down during the forecast period.

In China, focus has been placed on increasing

power installed capacity in order to meet the

growing electricity demand. However, investment

in the transmission segment has not increased at

the same pace. This changed in the 11th and 12th

Five-Year Plan (FYP), wherein heavy investment

for the strengthening of the grid has been planned.




Table of Contents

1 Table of Contents

1 Table of Contents ....................................................................................................................... 4

1.1 List of Tables .......................................................................................................................... 9

1.2 List of Figures ....................................................................................................................... 11

2 Introduction ............................................................................................................................... 13

2.1 Power Transformer, Overview .............................................................................................. 13

2.2 GlobalData Report Guidance ................................................................................................ 13

3 Global, Power Transformer Market ........................................................................................... 15

3.1 Global, Power Transformer Market, Drivers .......................................................................... 15

3.1.1 Growing Electricity Demand ............................................................................................ 15

3.1.2 Replacement Market to Drive Power Transformer Demand in North America and Europe

....................................................................................................................................... 15

3.1.3 Thriving Economies in the Asia-Pacific, Eastern Europe and Middle Eastern Region to

Drive Demand for new Power Transformers ................................................................... 16

3.1.4 Strengthening of the Electricity Grid ................................................................................ 17

3.1.5 Changing Nature of Power Generation ........................................................................... 18

3.2 Global, Power Transformer Market, Restraints ..................................................................... 19

3.2.1 Pricing Pressures............................................................................................................ 19

3.2.2 Local Competition as Entry Barrier ................................................................................. 19

3.2.3 Increasing Prices of Raw Materials ................................................................................. 20

3.2.4 Global Financial Crisis and Economic Slowdown of Major Markets ................................ 20

3.3 Global, Power Transformer Market, Volume, 2007–2020 ..................................................... 21

3.4 Global, Power Transformer Market, 2007–2020 ................................................................... 23




Table of Contents

3.5 Global, Power Transformer Market, Share by Market Revenue (%), 2012 ............................ 24

4 Global, Power Transformer Market, Key Country Analysis ........................................................ 26

4.1 US, Power Transformer Market ............................................................................................ 26

4.1.1 US, Power Transformer Market, Overview ...................................................................... 26

4.1.2 US, Power Transformer Market, Volume (MVA), 2007–2020 .......................................... 27

4.1.3 US, Power Transformer Market, Revenue Analysis ($m), 2007–2020 ............................ 28

4.1.4 US, Power Transformer Market, Average Price ($/MVA), 2007–2020 ............................. 30

4.1.5 US, Power Transformer Market, Market Share by Revenue (%), 2012 ........................... 33

4.1.6 US, Regulations .............................................................................................................. 34

4.2 China, Power Transformers Market ...................................................................................... 37

4.2.1 China, Power Transformers Market, Overview ................................................................ 37

4.2.2 China, Power Transformer Market, Volume (MVA), 2007–2020...................................... 37

4.2.3 China, Power Transformer, Revenue Analysis ($m), 2007–2020 .................................... 39

4.2.4 China, Power Transformer, Average price ($/MVA), 2007–2020 ..................................... 42

4.2.5 China, Power Transformer, Market Share by Revenue (%), 2012 ................................... 44

4.2.6 China, Regulations ......................................................................................................... 45

4.3 India, Power Transformer Market ......................................................................................... 49

4.3.1 India, Power Transformer Market, Overview ................................................................... 49

4.3.2 India, Power Transformer Market, Volumes, 2007–2020 ................................................ 49

4.3.3 India, Power Transformer Market, Revenue, 2007–2020 ................................................ 52

4.3.4 India, Power Transformer Market, Average Price, 2007–2020 ........................................ 54

4.3.5 India, Power Transformer Market, Market Share by Revenue (%), 2012 ........................ 56

4.3.6 India, Regulations ........................................................................................................... 57




Table of Contents

4.4 UK, Power Transformer Market ............................................................................................ 60

4.4.1 UK, Power Transformer Market, Overview ...................................................................... 60

4.4.2 UK, Power Transformer Market, Volume, 2007–2020 ..................................................... 61

4.4.3 UK, Power Transformer Market, Value, 2007–2020 ........................................................ 63

4.4.4 UK, Power Transformer Market, Average Price, 2007–2020 ........................................... 65

4.4.5 UK, Power Transformer Market, Market Share by Revenue (%), 2012 ........................... 67

4.4.6 UK, Regulations, 2013 .................................................................................................... 68

4.5 Saudi Arabia, Power Transformer Market ............................................................................. 71

4.5.1 Saudi Arabia, Power Transformer Market, Overview ...................................................... 71

4.5.2 Saudi Arabia, Power Transformer Market, Volume, 2007–2020...................................... 71

4.5.3 Saudi Arabia, Power Transformer Market, Value, 2007–2020......................................... 74

4.5.4 Saudi Arabia, Power Transformer Market, Average Price, 2007–2020 ........................... 76

4.5.5 Saudi Arabia, Power Transformer Market, Market Share by Revenue (%), 2012 ............ 78

4.5.6 Saudi Arabia, Regulation ................................................................................................ 79

4.6 Germany, Power Transformer Market................................................................................... 80

4.6.1 Germany, Power Transformer Market, Overview ............................................................ 80

4.6.2 Germany, Power Transformer Market, Volume, 2007–2020 ........................................... 81

4.6.3 Germany, Power Transformer Market, Value, 2007–2020 .............................................. 83

4.6.4 Germany, Power Transformer Market, Average Price, 2007–2020 ................................. 85

4.6.5 Germany, Power Transformer Market, Market Share ...................................................... 87

4.6.6 Germany, Regulations .................................................................................................... 88

4.7 Canada, Power Transformer Market ..................................................................................... 92

4.7.1 Canada, Power Transformer Market, Overview .............................................................. 92




Table of Contents

4.7.2 Canada, Power Transformer Market, Volume ................................................................. 92

4.7.3 Canada, Power Transformer Market, Value ($m) ............................................................ 95

4.7.4 Canada, Power Transformer Market, Average Price ($/MVA) ......................................... 97

4.7.5 Canada, Power Transformer Market, Market Share ........................................................ 99

4.7.6 Canada, Regulations .................................................................................................... 100

4.8 Brazil, Power Transformer Market ...................................................................................... 101

4.8.1 Brazil, Power Transformer Market, Overview ................................................................ 101

4.8.2 Brazil, Power Transformer Market, Volume, 2007–2020 ............................................... 102

4.8.3 Brazil, Power Transformer Market, Value ($m), 2007–2020 .......................................... 104

4.8.4 Brazil, Power Transformer Market, Average Price ........................................................ 107

4.8.5 Brazil, Power Transformer Market, Market Share ......................................................... 109

4.8.6 Brazil, Regulations ........................................................................................................ 110

5 Appendix................................................................................................................................. 113

5.1 Definitions .......................................................................................................................... 113

5.1.1 Power ........................................................................................................................... 113

5.1.2 Installed Capacity ......................................................................................................... 113

5.1.3 Active Installed Capacity ............................................................................................... 113

5.1.4 Electricity Generation .................................................................................................... 113

5.1.5 Electricity Consumption ................................................................................................ 113

5.1.6 Thermal Power Plant .................................................................................................... 113

5.1.7 Hydropower Plant ......................................................................................................... 113

5.1.8 Nuclear Power .............................................................................................................. 113

5.1.9 Renewable Energy Resources...................................................................................... 114




Table of Contents

5.1.10 Power Transformer ....................................................................................................... 114

5.2 Abbreviations...................................................................................................................... 114

5.3 Bibliography........................................................................................................................ 116

5.4 Coverage ............................................................................................................................ 119

5.5 Research Methodology ....................................................................................................... 119

5.5.1 Secondary Research .................................................................................................... 119

5.5.2 Primary Research ......................................................................................................... 120

5.6 Disclaimer .......................................................................................................................... 120




Table of Contents

1.1 List of Tables

Table 1: Power Transformer Market, Global, Volume (thousand MVA), 2007–2020 .................................. 22

Table 2: Power Transformer Market, Global, Revenue ($bn), 2007–2020 ................................................. 24

Table 3: Power Transformer Market, Global, Share by Market Revenue (%), 2012 ................................... 25

Table 4: Power Transformer, US, Volume (GVA), 2007–2020 .................................................................. 28

Table 5: Power Transformer, US, Revenue ($m), 2007–2020 ................................................................... 30

Table 6: Power Transformer, US, Average Price ($/MVA), 2007–2020 ..................................................... 32

Table 7: Power Transformer, US, Market Share (%), 2012 ....................................................................... 33

Table 8: Power Transformer, China, Volume (GVA), 2007–2020 .............................................................. 39

Table 9: Power Transformer, China, Revenue ($m), 2007–2020 .............................................................. 41

Table 10: Power Transformer, China, Average Price ($/MVA), 2007–2020 ................................................. 43

Table 11: Power Transformer, China, Market Share (%), 2012 ................................................................... 45

Table 12: 12th Five Year Plan, China, Key Features ................................................................................... 47

Table 13: Power Transformer Market, India, Inter-Regional Transmission Capacity by the End of the 12th

Five-Year Plan ........................................................................................................................... 50

Table 14: Power Transformer, India, Volume (GVA), 2007–2020................................................................ 52

Table 15: Power Transformer, India, Revenue ($m), 2007–2020 ................................................................ 53

Table 16: Power Transformer, India, Average Price ($/MVA), 2007–2020 .................................................. 55

Table 17: Power Transformer, India, Market Share (%), 2012 .................................................................... 57

Table 18: Power Transformer, UK, Volume (Thousand MVA), 2007–2020 .................................................. 62

Table 19: Power Transformer, UK, Revenue ($m), 2007–2020 ................................................................... 64

Table 20: Power Transformer, UK, Average Price ($/MVA), 2007–2020 ..................................................... 66

Table 21: Power Transformer, UK, Market Share (%), 2012 ....................................................................... 67

Table 22: Power Transformer, Saudi Arabia, Volume (GVA), 2007–2020 ................................................... 73

Table 23: Power Transformer, Saudi Arabia, Revenue ($m), 2007–2020.................................................... 75




Table of Contents

Table 24: Power Transformer, Saudi Arabia, Average Price ($/MVA), 2007–2020 ...................................... 77

Table 25: Power Transformer, Saudi Arabia, Market Share (%), 2012 ........................................................ 78

Table 26: Power Transformer, Germany, Volume (GVA), 2007–2020 ......................................................... 82

Table 27: Power Transformer, Germany, Revenue ($m), 2007–2020 ......................................................... 84

Table 28: Power Transformer, Germany, Average Price ($/MVA), 2007–2020 ............................................ 86

Table 29: Power Transformer, Germany, Market Share (%), 2012 .............................................................. 87

Table 30: Power Transformer, Canada, Volume (GVA), 2007–2020 ........................................................... 94

Table 31: Power Transformer, Canada, Revenue ($m), 2007–2020 ........................................................... 96

Table 32: Power Transformer, Canada, Average Price ($/MVA), 2007–2020 .............................................. 98

Table 33: Power Transformer, Canada, Market Share (%), 2012 ................................................................ 99

Table 34: Power Transformer, Brazil, Volume (GVA), 2007–2020 ............................................................ 104

Table 35: Power Transformer, Brazil, Revenue ($m), 2007–2020 ............................................................. 106

Table 36: Power Transformer, Brazil, Average Price ($/MVA), 2007–2020 ............................................... 108

Table 37: Power Transformer, Brazil, Market Share (%), 2012 ................................................................. 109

Table 38: Power Transmission, Brazil, Transmission Line Investment ($bn), 2011–2020 .......................... 112

Table 39: Power Transmission, Brazil, Transmission Line Investment by Voltage Type (%), 2011–2020 .. 112

Table 40: Abbreviations ........................................................................................................................... 114




Table of Contents

1.2 List of Figures

Figure 1: Power Transformer System ........................................................................................................ 13

Figure 2: Power Transformer Market, Global, Volume (GVA), 2007–2020 ................................................. 21

Figure 3: Power Transformer Market, Global, Revenue ($bn), 2007–2020 ................................................. 23

Figure 4: Power Transformer Market, Global, Share by Market Revenue (%), 2012 ................................... 25

Figure 5: Power Transformer, US, Volume (GVA), 2007–2020 .................................................................. 27

Figure 6: Power Transformer, US, Revenue ($m), 2007–2020 ................................................................... 29

Figure 7: Power Transformer, US, Average Price ($/MVA), 2007–2020 ..................................................... 31

Figure 8: Power Transformer, US, Market Share (%), 2012 ....................................................................... 33

Figure 9: Power Transformer, China, Volume (GVA), 2007–2020 .............................................................. 38

Figure 10: Power Transformer, China, Revenue ($m), 2007–2020 .............................................................. 40

Figure 11: Power Transformer, China, Average Price ($/MVA), 2007–2020 ................................................. 42

Figure 12: Power Transformer, China, Market Share (%), 2012 ................................................................... 44

Figure 13: Power Transformer, India, Volume (GVA), 2007–2020................................................................ 51

Figure 14: Power Transformer, India, Revenue ($m), 2007–2020 ................................................................ 53

Figure 15: Power Transformer, India, Average Price ($/MVA), 2007–2020 .................................................. 54

Figure 16: Power Transformer, India, Market Share (%), 2012 .................................................................... 56

Figure 17: Power Transformer, UK, Volume (GVA), 2007–2020 .................................................................. 62

Figure 18: Power Transformer, UK, Revenue ($m), 2007–2020 ................................................................... 63

Figure 19: Power Transformer, UK, Average Price ($/MVA), 2007–2020 ..................................................... 65

Figure 20: Power Transformer, UK, Market Share (%), 2012 ....................................................................... 67

Figure 21: Power Transformer, Saudi Arabia, Volume (GVA), 2007–2020 ................................................... 72

Figure 22: Power Transformer, Saudi Arabia, Revenue ($m), 2007–2020.................................................... 74

Figure 23: Power Transformer, Saudi Arabia, Average Price ($/MVA), 2007–2020 ...................................... 76




Table of Contents

Figure 24: Power Transformer, Saudi Arabia, Market Share (%), 2012 ........................................................ 78

Figure 25: Power Transformer, Germany, Volume (GVA), 2007–2020 ......................................................... 82

Figure 26: Power Transformer, Germany, Revenue ($m), 2007–2020 ......................................................... 83

Figure 27: Power Transformer, Germany, Average Price ($/MVA), 2007–2020 ............................................ 85

Figure 28: Power Transformer, Germany, Market Share (%), 2012 .............................................................. 87

Figure 29: Power Transformer, Canada, Volume (GVA), 2007–2020 ........................................................... 93

Figure 30: Power Transformer, Canada, Revenue ($m), 2007–2020 ........................................................... 95

Figure 31: Power Transformer, Canada, Average Price ($/MVA), 2007–2020 .............................................. 97

Figure 32: Power Transformer, Canada, Market Share (%), 2012 ................................................................ 99

Figure 33: Power Transformer, Brazil, Volume (GVA), 2007–2020 ............................................................ 103

Figure 34: Power Transformer, Brazil, Revenue ($m), 2007–2020 ............................................................. 105

Figure 35: Power Transformer, Brazil, Average Price ($/MVA), 2007–2020 ............................................... 107

Figure 36: Power Transformer, Brazil, Market Share (%), 2012 ................................................................. 109




Introduction

2 Introduction

2.1 Power Transformer, Overview

Transformers are used to increase or reduce voltage levels in power transmission and power

distribution networks. A power transformer is installed at all substations, starting from the power

generation plant to the last substation in the transmission network, before power distribution starts.

The figure below illustrates specific points where power transformers are installed in a grid network.

Figure 1: Power Transformer System

Source: Connexions, 2013

2.2 GlobalData Report Guidance

The report starts with an executive summary that covers the key points of the market.

Chapter two provides an introductory description of power transformers.

Chapter three introduces the global transformer market and includes details of drivers and

restraints. The chapter also provides the global volume and market size for the equipment,

along with the market shares held by key players.

Chapter four provides market size, volume, average price and market share by revenue for key

players in key countries. The countries covered in the report are the US, China, India, Brazil,

the UK, Germany, Canada, and Saudi Arabia.




Introduction

Note:

The report covers all sizes of power transformers by voltage level and volume is provided in

terms of capacity (MVA).

The capacity has been rounded off to the closest thousand throughout the report.

There might be rounding off errors in the report. The 2012 and 2013 figures quoted in the

report might be estimated in some cases.




Global, Power Transformer Market, Key Country Analysis

4.1.2 US, Power Transformer Market, Volume (MVA), 2007–2020

According to the US DoE, more than XX% of large power transformers are more than 25 years old.

Although power transformers can function for up to 40 years, depending on the usage, aging

infrastructure is subject to a higher risk of failure past the age of 25 years (US DoE, 2012). Also, in

order to handle the growth of power demand, state utilities are upgrading their substations and

transformers to high voltage levels so that they can cater to increased power demand without

increasing line length. The majority of transformer sales are related to aged infrastructure and

replacement projects. Volume sales are driven by the sale of transformers for XXkV lines, which

accounted for XX% of the total volume sold in 2013. XXkV line transformers accounted for XX% of

the volume sold with sales equivalent to XX GVA in 2013. The annual volume sales of power

transformers increased from XXGVA in 2007 to XX GVA in 2013. Annual volume sales are

expected to increase further from XX GVA in 2014 to XX GVA in 2020, with XXkV lines forecast to

account for XX% of sales in 2020. XXkV lines are expected to account for XX% of sales volume in

2020, while XXkV will account for around XX%.

Figure 5: Power Transformer, US, Volume (GVA), 2007–2020

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Vol

ume

(GV

A)

138kV 230kV 345kV 500kV 765kV





Global, Power Transformer Market, Key Country Analysis

4.4.5 UK, Power Transformer Market, Market Share by Revenue (%), 2012

Alstom accounts for the highest share of the power transformer market with a XX% share as of

2012. Alstom has a large share in many transmission equipment markets in the UK. ABB had a

XX% share in 2012.

Figure 20: Power Transformer, UK, Market Share (%), 2012

Alstom SA

ABB Ltd.

Others


Table 21: Power Transformer, UK, Market Share (%), 2012 Company Share (%)

Alstom SA

ABB Ltd.

Others





Appendix

5 Appendix

5.1 Definitions

5.1.1 Power

The rate of production, transfer, or energy use, usually related to electricity. Measured in watts and

often expressed in kilowatts (kW) or Megawatts (MW). It is also known as "real" or "active" power.

5.1.2 Installed Capacity

Installed capacity refers to the generator’s nameplate capacity as stated by the manufacturer or the

maximum rated output of a generator under given conditions. Installed capacity is given in

Megawatts (MW) on a nameplate physically fixed on the generator.

5.1.3 Active Installed Capacity

Active installed capacity refers to that component of electric power that actually performs work. It is

given in kilowatts (kW) or Megawatts (MW).

5.1.4 Electricity Generation

Producing electric energy by transforming other forms of energy. Also refers to the amount of

electric energy produced, expressed in Gigawatt hours (GWh).

5.1.5 Electricity Consumption

Electricity consumption is a sum of electricity generated, plus imports, minus exports, minus

transmission and distribution losses and measured in Gigawatt hours (GWh).

5.1.6 Thermal Power Plant

A plant in which turbine generators are driven by burning fossil fuels.

5.1.7 Hydropower Plant

A plant in which the turbine generators are driven by falling water.

5.1.8 Nuclear Power

The electricity generated by use of the thermal energy released from the fission of nuclear fuel in a

reactor.




Appendix

5.1.9 Renewable Energy Resources

Naturally replenishing energy resources limited in the amount of energy that is available per unit of

time. For example, biomass, geothermal, solar, and wind can all be termed as renewable

resources.

5.1.10 Power Transformer

Transformers are devices used to step-up or step-down voltage levels in power transmission and

power distribution networks. A power transformer is installed at all substations, starting from the

power generation plant to the last substation in the transmission network, before power distribution

starts.

5.2 Abbreviations

Table 40: Abbreviations Abbreviation Full form

ANEEL Agencia Nacional de Energia Eletrica

APDRP Accelerated Power Development and Reforms Programme

AT&C Aggregate Technical and Commercial

BHEL Bharat Heavy Electricals Ltd.

BRL Brazilian Rela

CAGR Cumulative Annual Growth Rate

CCGT Combined Cycle Gas Turbine

Ckm Circuit kilometer

CNY Chinese Yen

DENA Deutsche Energie-Agentur GmbH (German Energy Agency)

DoE Department of Energy

ecoEII ecoENERGY Innovation Initiative

EEG Erneuerbare Energien-Gesetz (German Renewable Energy Act)

ELV Emissions Limit Values

FIT Feed-In Tariff

FYP Five-Year Plan

GCC Gulf Co-operation Council

GDP Gross Domestic Product

GVA Gigavolt Ampere

GW Gigawatt

HVDC High Voltage Direct Current

IT Information Technology




Appendix

ITC Investment Tax

IWPP Independent Water and Power Projects

kV kilovolt

kW kilowatt

LCPD Large Combustion Plant Directive

MOP Ministry of Power

MTC Manufacturing Tax Credit

MVA Megavolt Ampere

MW Megawatt

NERP National Emissions Reduction Plan

NIE Northern Ireland Electricity

Ofgem Office of Gas and Electricity Markets

ONS Operador Nacional do Sistema

PTC Production Tax Credits

PV Photovoltaic

R&D Research and Development

R-ARDRP Restructured APDRP

RIIO Revenue Incentive Innovation Output

RPS Renewable Portfolio Standards

SEC Saudi Electric Company

SGCC State Grid Corporation of China

SIN (Sistema Interligado Nacional) National Interconnected System

TBEA Tebian Electric Apparatus

T&D Transmission and Distribution

TSO Transmission System Operator

TWh Terawatt hours

UHV Ultra-High-Voltage

UHVDC Ultra-High-Voltage Direct Current

Source: GlobalData




Appendix

5.3 Bibliography

APDRP (2013). List of Empanelled SCADA Implementation Agencies. Accelerated Power

Development & Reform Program. Available from

http://www.apdrp.gov.in/Empanelled_List/LIST%20OF%20EMPANELLED%20SIA%20UPDAT

ED%20FEB13.pdf

CEA (2012). National Electricity Plan (Volume 1) Generation. Central Electricity Authority,

Ministry of Power, Government of India. Available from:

http://www.cea.nic.in/reports/powersystems/nep2012/generation_12.pdf

Ceejay (2013). China Power & Energy News, Issue No. 94- May 2013. Ceejay International.

Available from: http://www.ceejay.com.hk/summary1.pdf

Connexions (2013). College Physics: Transformers. Connexions. Available from:

http://cnx.org/content/m42414/latest/?collection=col11406/latest. [Accessed on: October 15th,

2013]

EC (2012). Connecting Europe: Energy Infrastructure for tomorrow. European Commission.

Available from: http://ec.europa.eu/energy/mff/facility/doc/2012/connecting-europe.pdf

ecoACTION (2011). Clean Energy Fund. Natural Resources Canada. Available from:

http://www.ecoaction.gc.ca/news-nouvelles/20110124-1-1-eng.cfm [Accessed on: September,

12, 2013]

EPE (2012). Plano Decenal De Expansao De Energia 2020. Empresa de Pesquisa

Energgetica. Available from: http://www.epe.gov.br/PDEE/20120302_1.pdf

ET (2012). Planning commission sets 88,425 MW capacity addition target for 12th plan. The

Economic Times, July 16, 2012. Available from:

http://articles.economictimes.indiatimes.com/2012-07-16/news/32698481_1_capacity-addition-

addition-target-12th-plan [Accessed on: August 14, 2013]

GoI (2012). Year End Review of Power Ministry. Government of India. Available from

http://www.pib.nic.in/newsite/erelease.aspx?relid=91233 [Accessed on April 11, 2013]

GWEC (2012). INDIA and the States of Gujarat, Maharashtra and Tamil Nadu. Global Wind

Energy Council. Available from:

http://www.irena.org/DocumentDownloads/Publications/GWEC_India.pdf




Appendix

5.4 Coverage

The report provides an in-depth analysis of the power transformer market in the UK, the US,

Canada, Germany, India, China, Saudi Arabia and Brazil. The report covers average price, volume

(in terms of MVA) and market size for the period from 2007 to 2020 for power transformers. Only

high-voltage levels are considered for calculations in the report. It discusses the market shares of

players/leading players for power transformers in 2012. The report discusses the key drivers and

restraints impacting the global power transformer market.

5.5 Research Methodology

GlobalData’s dedicated research and analysis teams consist of experienced professionals with a

pedigree in marketing and market research, consulting backgrounds in the energy industry, and

advanced levels of statistical expertise.

GlobalData adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk)

and the Strategic and Competitive Intelligence Professionals (www.scip.org).

All GlobalData’s databases are continuously updated and revised. The following methodology has

been followed for this report.

5.5.1 Secondary Research

The research process begins with exhaustive secondary research on internal and external sources

to source qualitative and quantitative information relating to each market.

The secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and

SEC Filings

Industry trade journals and other literature

Internal and external proprietary databases

National government documents, statistical databases and market reports

News articles, press releases and web-casts specific to the companies operating in the market




Appendix

5.5.2 Primary Research

GlobalData conducts extensive primary interviews with industry participants and commentators in

order to validate its data. A typical research interview fulfills the following functions:

It provides first-hand information on the market size, market trends, growth trends, competitive

landscape, future outlook

Helps in validating and strengthening the secondary research findings

Further develops the team’s expertise and market understanding.

Primary research involves e-mail interactions, telephonic interviews as well as face-to-face

interviews for each market, category, segment and sub-segment across geographies.

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence

managers and national sales managers.

Outside experts: Investment bankers, valuation experts, research analysts and key opinion

leaders specializing in the alternative energy industry.

5.6 Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any

form by any means, electronic, mechanical, photocopying, recording or otherwise without the prior

permission of the publisher, GlobalData.

gdpe1061mar-power transformers market for power industry ... · five-year plan (fyp), wherein heavy...

Documents