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SPECIAL TRANSFORMER MARKET ANALYSIS

Special Transformer Market, by Product Type (Electric Arc Furnace Transformer, Rectifier Transformer, Capacitive Transformer, and Phase Shifting Transformer), by Application (Rectification Equipment, Welding Equipment, Electric Furnace Power Supply, and Current Transformer), by End User (Residential, Commercial, and Industries), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

  • To Be Published : Dec 2024
  • Code : CMI2152
  • Formats :
      Excel and PDF
  • Industry : Semiconductors

Special Transformer MarketSize and Trends

Global Special Transformer Market: Key Trends

Growth of the steel industry is one of the major factor contributing to increasing demand for special transformers. For instance, according to a report published by World Steel Organization, December 2017, 1516.0 million tons of steel was produced in 2016 and it increased to 1587.4 million tons in 2017 worldwide. The steel industry uses special transformers that facilitate appropriate supply of current across a wide range of applications, either via on-load or off-load regulation, resulting in process optimization.

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