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The themes at this year’s UN Conference of Parties- COP28- range all the way from Accountability to Urbanization and Built Environment. The agenda for the Energy theme will be addressed between 1st-5th December. COP28 emerges as a pivotal platform facilitating...
From flash flooding to heat waves, each progressing year is a reminder that climate change is no longer a threat that looms on the horizon, but rather a reality that countries are- often disproportionately- dealing with. Climate change flurrying out of control only...
Asia Pacific power transformer market has a massive 50% global market share. Power transformers are roughly half of the spend at major utilities around the world within the mid-to-high voltage categories. This infographic has the details of key countries contributing...
The global stocktake, a quinquennial undertaking, functions as a meticulous inventory of worldwide initiatives in climate action and support, with its inaugural culmination slated for COP28 in a bid to influence the ensuing round of nationally determined contributions...
The Conference of the Parties (COP) is the primary decision-making body of the United Nations Framework Convention on Climate Change (UNFCCC). This annual gathering of member states focuses on addressing global climate change. In the lead up to COP28, amid the rising...
The demand for distribution transformers is expected to increase in the coming years globally as well as in the American region. The reasons for the growth of the distribution transformer market are the adoption of EV vehicles, installation of renewable energy...
• A significant increase in the demand for transformers, including distribution and power transformers, is observed in the global transformer market.• Due to supply chain issues, the lead time of both the power and distribution transformers has increased...
• The Ukraine war intensified energy security concerns in Europe, in turn pushing countries in the region to reduce dependence on Russian fossil fuels. • Collectively, they have set a very ambitious target to deploy 120 GW of offshore wind generation capacity by 2030...
• In the last decade, major economies moved away from nuclear energy to produce electricity, including Germany and Japan, which was a direct consequence of the Fukushima nuclear power plant disaster that took place in 2011. • As the EU aims for net-zero carbon...
• The development of digital power transformers has ushered in a new era of efficiency and grid optimization in the energy sector, simultaneously providing revenue to the power transformer company. • Digital power transformers provide multiple benefits with remote...
Most of the installed transformers worldwide consist of conventional transformers, but the global transformer market is expected to move towards smart transformers that are more equipped to accommodate the significant deployment of renewable energy. Smart transformers...
• In the last decade, especially after the Paris Agreement in 2015, the global energy market is observing a marked shift and is currently in a state of transition. • Power Technology Research expects that the global distribution transformer market will grow with a...