by Azhar Fayyaz | 2022, August, 2 | Articles, Azhar Fayyaz, Transformers
• Under Vision 2030, the sectors targeted for development include power generation, petrochemicals, tourism, hospitability, and infrastructure; these will be generating demand for power transformers in the upcoming years.• Due to limited local manufacturing capacity,...
by Azhar Fayyaz | 2022, June, 24 | Articles, Azhar Fayyaz, Transformers
• The global distribution transformer market experienced a dip of approximately 7.6% year on year in terms of revenue in 2020.• According to Power Technology Research, distribution transformers in excess of 1 million are sold in the U.S. every year.• The U.S. is the...
by Azhar Fayyaz | 2022, March, 15 | Articles, Uncategorized
Global distribution transformers market experienced a dip of approximately 7.6% due to the pandemic in 2020 but managed to recover fully by the end of 2021. According to Power Technology Research, the installed base of distribution transformers in India is set to grow...
by Azhar Fayyaz | 2021, December, 30 | Azhar Fayyaz, Transformers
The global power transformer market according to Power Technology Research accounted for USD 16 billion in 2020. According to Power Technology Research, Saudi Arabia’s power transformer market accounted for US 178 million in 2020 and is forecasted to reach USD...
by Azhar Fayyaz | 2021, July, 26 | Articles, Azhar Fayyaz, SVCs/STATCOMs
Summary Electricity demand in Vietnam has grown 10% year on year for the last five years mostly due to new manufacturing facilities. Vietnam’s GDP it is expected to grow at around 6.7% in 2021. Power Technology Research estimates Vietnam’s T&D market CAGR, for the...
