In order to gather both qualitative and quantitative insights, supply-side and demand-side stakeholders were interviewed during the primary research process. CEOs, VPs of engineering, heads of product development, and commercial directors from transformer manufacturers (Siemens, ABB, GE, Schneider Electric, Toshiba, Eaton, CG Power, SGB-SMIT Group), component suppliers (insulating oil suppliers, core steel manufacturers, bushing suppliers), and OEMs were examples of supply-side sources. Chief engineers, grid planning directors, procurement heads from electric utilities (IOUs, municipal utilities, cooperatives), independent power producers (IPPs), railway electrification authorities, developers of renewable energy (wind, solar), managers of industrial facilities, and EPC contractors with a focus on substation infrastructure were examples of demand-side sources. Primary research verified product development schedules, validated market segmentation by voltage rating, cooling type, capacity, and application, and acquired information on grid modernization trends, tender pricing dynamics, and regulatory compliance tactics.
Primary Respondent Breakdown:
By Designation: C-level Primaries (32%), Director Level (31%), Others (37%)
By Region: North America (32%), Europe (30%), Asia-Pacific (33%), Rest of World (5%)