Regional Analysis

Transformer Breathers Market: Regional Insight

On the basis of region, the transformer breathers market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Asia Pacific is the anticipated to be the largest market for transformer breathers, owing to growth of power sector in the region. Emerging economies such as China and India are expected to be the major contributors for growth of the transformer breathers market, owing to growth of power sector in the region. For instance, according to Enerdata’s Global Energy, China and India accounted for the 2/3 of global electricity production rise in 2016. China had the highest electricity production of 6,015 TWh, which accounted for 24.39% of the total electricity production in the world. Moreover, Government investments in power sector in Asia pacific Region is expected to increase the number of power generation and distribution units. Initiatives taken by government for growth of the renewable energy generation is expected to fuel growth of the transformer breathers market, as more means of energy generation will lead to implementation of more number of power and distribution transformers. For instance, according to the India Brand Equity Foundation (IBEF), June 2018, World’s largest solar park named ‘Shakti Sthala’ was launched in Karnataka in March 2018, with an investment of US$ 2.55 billion. Solar sector in India received funding of over US$ 10 billion in 2017. Thus, Growth in the power generation is expected to increase the installation of transformer, which in turn is expected to fuel growth of the transformer breathers market.

North America is expected to be the second largest region in transformer breathers market pertaining to the growth in its Power Sector. For instance, according to Enerdata’s Global Energy Statistical Yearbook 2017, Electricity production in North America region reached to 4,970 TWh in 2016, which accounted for around 20% of the total electricity production in the world. Moreover, governments around the world are initiating the smart cities project, which is an important innovation of Internet of Things. For instance, according to an October 2017, report by Center for Data Innovation, The Obama administration launched its Smart Cities Initiative in September 2015, committing US$ 160 million in funding to a wide array of Internet of Things applications, included in smart cities. A transformation wherein cities are beginning to use array of technologies such as low-cost sensors, wireless communication systems, data-actuators devices and advanced data analytics to operate more intelligently. In order to provide this level of connectivity, energy management will play an important role in smart cities, leading to growth in power and distribution transformers. Thus, power sector and smart cities will comprehensively fuel the growth of the transformer breathers market.