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The Global Market for Transformers Ed. 3: Short Term Forecasts 2014—2020 - Long Term Trends to 2050

  • September 2014
  • 159 pages
  • Statplan Energy Ltd
Report ID: 2383291

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StatPlan has reviewed hundreds of data sources from around the world and assembled databases for each year and every country from 1900 to the present day. This historical record is, we believe, unique. It is also critical to understanding the increasingly important replacement market.
At a global level, the replacement of existing transformers will soon be a larger part of the market than the new installation segment. In many parts of the world, it already is the greater part of the market. Therefore, understanding not just the installed base, but also when it was installed and then factoring in design life and likely replacement phases is essential to forecasting the market. Just because energy demand growth is linear, that does not mean that demand for plant and equipment is similarly linear. In fact, it is cyclical.

We also take account of other determinants of demand, often overlooked by other forecasters, including:
- Demographic change (in some major markets population is declining—we look at the long term impact
- Electrification—developing markets are steadily increasing penetration of electrification, having a direct impact on distribution in particular.
- Governmental interventions, particularly with regard to renewables.

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