SPECIAL TRANSFORMER MARKET ANALYSIS
Global Special Transformer: Competitive Landscape
Major players operating in the global special transformer include, Mitsubishi Electric Corporation, Sunten Electric Equipment Co., Ltd., Siemens Ltd., Alstom, Schneider Electric, ABB, Wolong Electric Group Co.,Ltd., Toshiba India Pvt. Ltd., TBEA India, Baoding Tianwei Group, Wuzhou Transformer Co., Ltd., and Jinan XD Special Transformer Co.,Ltd.
The market for special transformers is highly competitive, owing to which key players are focused on adopting collaboration, partnership, merger, and acquisition strategies in order to strengthen their foothold in the market. For instance, in April 2016, Siemens Limited partnered with NTPC Limited, a key company engaged in the business of generation of electricity in India. The objective of the partnership is to install special transformers in super power thermal stations in southern India.
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