Energia
OEMs Should Focus on Grid Modernization and Emerging Countries to Power Global Transformers Market
"Grid modernization, smart grids, and new rapid transit rail networks with high-speed trains and ( ) charging stations are expected to fuel demand for smart/solid-state transformers," said . "To make the most of this burgeoning demand, original equipment manufacturers (OEMs) should invest heavily in setting up manufacturing plants in the frontier nations. Partnering with local resellers and OEMs will give them a huge advantage when trying to penetrate the Asia-Pacific market, especially Southeast Asia ."
Frost & Sullivan's recent analysis, , focuses on the important trends in the distribution, power, isolation, and smart transformers markets. It also analyzes the drivers and restraints of the overall global transformers market and presents the top growth opportunities through 2022.
http://frost.ly/2nm
While expanding their footprint, it is important for OEMs to make sure that the design of their transformer meets the stipulations set by the regulatory bodies in a particular country or region. They should also have a clear understanding of the service requirements of the end user before launching their product. This could require them to adjust their distribution transformer design to offer modularity as well as smaller ratings and footprint. The quality of value-added services also will be a key differentiator in a tough competitive environment.
"The global market faces stiff competition from manufacturers due to their higher-volume sales and lower-priced transformers," noted Saeed. "The top five market leaders have to innovate business models or risk losing market share to creative and emerging companies."
In addition to Asia , OEMs from low-cost European countries such as Slovakia and Romania are flooding the market. However, as utilities are stepping up their demand for reliable and advanced solutions, these low-cost players will find it hard to compete against market giants like , , , , and .
With geographic expansion emerging as a top growth opportunity for the transformers market, OEMs are most likely to flock to:
is part of Frost & Sullivan's global Grids Growth Partnership Service program.
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
P995-14
P: +1 (210) 348 1012
E: Francesca.Valente@frost.com
http://ww2.frost.com