German transformer production value up by 26% year-on-year
The value of production for electrical power transformers in Germany has leapt by 26% for the first quarter 2020 compared to the same quarter in 2019.
According to German real-time business intelligence provider Fygen, there has been an increase of 22% for medium and large power transformers (those rated over 10 MVA), while the value of production for smaller distribution transformers increased by 47%.
The average value for all sizes of transformers is at 26% for the first quarter 2020.
The up-to-date statistical data covers the value of production for all sizes of electrical power transformers exceeding a capacity of 1 MVA. The coverage includes small, medium and large-sized transformers, as well as distribution transformers. The data is updated at the end of each quarter.
Fygen also enables professionals to watch the trends quarterly for order intake and sales from more than 35 transformer companies globally, and to track global power transformer exports and imports.
A number of well-known manufacturers in the power transformer business, including suppliers for transformer oil, transformer tap changers, transformer insulation products, transformer tanks and electrical steel for transformers is already taking advantage of the tool, which was recently introduced to the market. A preview for non-registered users can be seen here.
Photo (for illustrative purposes): Frankfurt cityscape / Bruno / Pixabay / Free for commercial use