Bangladesh Power & Distribution Transformer Market Report 2021

Dublin, June 15, 2021 (GLOBE NEWSWIRE) -- The "Bangladesh Power & Distribution Transformer Market (2021-2027): Market Forecast by Types, by Rating,?Distribution Transformer,?by?Cooling System, by Applications,?by Regions,?and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Bangladesh Power & Distribution Transformer Market is projected to grow at a CAGR of 4.2% during 2021-27F.

The Bangladesh power & distribution transformer market is anticipated to witness significant growth during the forecast period on account of increasing electricity consumption and the surging construction sector coupled with the development of smart infrastructure buildings in the country.

Further, the increased demand for electricity from the industrial and manufacturing sector has resulted in the installation of advanced power transformers to achieve higher efficiency, which would positively impact the overall market growth of power & distribution transformers in the country during the forecast period.

However, due to prevailing weak economic conditions and nationwide lockdown imposed by the sudden outbreak of the coronavirus pandemic in the past few months, the market witnessed sluggish growth in the year 2020.

The government has implemented programs to improve the power supply in the country, with one of the plans being Energy Efficiency and Conservation Master Plan 2030 that is focused on increasing the electricity generation capacity of the country over the coming years.

The power sector of the country has embarked the topmost priority coupled with renewable energy playing a vital role in meeting the demand for electricity especially in the off-grid areas of the country. The government has set a target to generate about 15% of the total electricity from renewable energy resources over the coming period, thereby strengthening the power sector and creating numerous opportunities for the transformer market in the country.

Further, upcoming construction projects such as Rooppur Nuclear Power Plant, Padma Bridge among many others require the installation of power and distribution transformers to achieve higher efficiency for meeting the increased electricity consumption thereby driving the aforesaid market over the forthcoming period.

The power utility segment of the market is anticipated to dominate the market during the forecast period owing to the significant rise in energy demand and consumption along with the favorable government policies to flourish the power sector in the nation.

The Bangladesh power & distribution transformer market report comprehensively covers the market by types, power rating, cooling system, applications, and regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh's power & distribution transformers market is projected to secure tremendous growth in the years ahead owing to an increased manufacturing sector at a considerable rate. Where the textile industry is estimated to generate high sales revenues in the market owing to a rise in the export practices and domestic use which is likely to use high energy consumption to operate machines, therefore, the adoption of power and distribution transformer would increase to ensure regular power supply and is estimated to bolster the growth of the Bangladesh power and distribution transformers market in the years ahead.

Key Highlights:

• Bangladesh Power & Distribution Transformer Market Overview

• Bangladesh Power & Distribution Transformer Market Outlook

• Bangladesh Power & Distribution Transformer Market Forecast

• Historical Data and Forecast of Bangladesh Power & Distribution Transformer Market Revenues and Volume and for the Period 2017-2020

• Historical Market Data and Forecast of Revenues and Volume, By Types, for the Period 2017-2027

• Historical Market Data and Forecast Revenues and Volume, By Power Rating, for the Period 2017-2027

• Historical Market Data and Forecast Revenues, By Cooling System, for the Period 2017-2027

• Historical Market Data and Forecast Revenues, By Applications, for the Period 2017-2027

• Historical Market Data and Forecast Revenues and Volume, By Regions, for the Period 2017-2027

• Market Drivers and Restraints

• Bangladesh Power & Distribution Transformer Market Trends and Industry Life Cycle

• Porter's Five Force Analysis

• Market Opportunity Assessment

• Bangladesh Power & Distribution Transformer Market Share, By Companies

• Competitive Benchmarking

• Company Profiles

• Key Strategic Recommendations

Companies Mentioned

• ABB Ltd

• Edison Power Bangladesh Ltd.

• General Electric Company

• Honeywell International Inc

• Johnson Controls International PLC

• Mitsubishi Electric Corporation

• Robert Bosch GmbH

• Schneider Electric SE

• Siemens AG

• Toshiba Energy Systems & Solutions Corporation

Market Segmentation:

By Types:

• Distribution Transformer

• Up to 100kVA

• 1kVA - 315kVa

• 1kVA - 5MVA

• Power Transformer

• 1MVA - 50MVA

• 1MVA - 160MVA

• Above 160MVA

By Cooling System:

• Dry Type

• Liquid Type

• By Applications:

• Power Utilities

• Industrial

By Regions:

• Northern

• Western

• North Eastern

• Central

• Southern

For more information about this report visit https://www.researchandmarkets.com/r/grew14

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900