What are the latest situation, important developments and expectations in the world transformer market?

“The world transformer market is driven by the increasing use of renewable energy sources andhas a significant growth potential with dynamics such as the modernization of its infrastructure. TechnologicalInnovation and R&D investments are among the key elements of this growth. In TurkeyWhile the transformer market is estimated to be over 2 billion dollars by 2024,approximately USD 55.5 billion globally in 2022 and USD 58.6 billion in 2023dollars in the coming years. In the coming years, especially in Asia Pacific, Europe andWe expect this growth to continue in North America. Growing population andGovernment incentives for renewable energy are among the important factors supporting this process.”

What is Beta Energy’s export status? How many countries do you export to and
Can you give us information about the energy demand in the regions you export to?

“As Beta Enerji, we export to more than 60 countries in 6 continents. We have a wide export network in Europe, Africa and other continents. In addition to our factory in Adana, we have a transformer production facility in Ethiopia and a test laboratory in Kampala, Uganda. Our activities in Europe are carried out through our locations in Germany and Ukraine. We have a growth target of 40% on a foreign currency basis in Europe and we are moving towards this target. In Europe, the growth in the energy sector, the integration of electric vehicles into life and technological developments offer significant opportunities. Especially in Europe and Africa, energy demand and renewable energy projects stand out among the regions we export to. Africa’s energy demand and infrastructure development, and Europe’s transforming and renewing infrastructure investments are important factors that increase the demand for transformers.”

Sustainable energy transformation in the world and its impact on transformer
What are the implications for the market?

“Sustainable energy transition is the process of making energy systems more efficient, reliable and environmentally friendly.
to be the best it can be. Transformers play a critical role in this transformation. Renewable energy
integration of resources, development of charging infrastructures for electric vehicles and smart grid
applications are increasing the importance of transformers. Europe, North America and Asia Pacific
markets are of great importance in the energy transition. Government incentives and renewable energy projects in these regions are driving transformer demand significantly. Demand for energy
the need for transformers will continue to grow. Especially as the transition to renewable energy sources
modernization of transformers and the production of new generation transformers is a major
is important.”

What are the transformer standards in the international market and the issues to be considered in export products?

“In the international market, it is very important that transformers comply with certain standards. These standards include TSE, CE, SONCAP, ICMET, KEMA, TS 267, CEI/IEC 60076, BS 171, ANSI, ISO 17025, ISO 9001, ISO 14001, ISO 18001 and ISO 50001. Compliance with these standards guarantees the reliability and performance of transformers. Environmentally friendly and energy efficient transformers are becoming more in demand in the international market. It is critical for manufacturers to invest in environmentally friendly technologies and focus on sustainable production processes. In addition, the use of technologies that minimize the energy losses of transformers provides a competitive advantage in the international market. Since the energy infrastructure and requirements of each country are different, it is also crucial for manufacturers to customize the products they export in accordance with the local requirements of the target market.”

What are the international barriers to on-time delivery and how to overcome them
What strategies do you use to overcome the challenges?

“There are some fundamental problems that prevent on-time delivery in the international market. Global supply chain problems, disruptions in logistics processes and delays in customs procedures are among the main problems. In addition, insufficient production capacity in parallel with the increase in demand can also extend delivery times. Complying with local regulations can be time-consuming. To overcome these problems, we work effectively and quickly with our extensive service networks and expert staff. We prioritize customer satisfaction in after-sales processes by providing 24/7 service to our customers. We aim to increase our production capacities by making new investments. We improve our supply chain processes by using digital technologies and optimize logistics and customs procedures. In addition, by establishing local partnerships in target markets, we adapt to local regulations and requirements faster and shorten delivery times.”

What are the latest situation, important developments and expectations in the world transformer market?

What are the latest situation, important developments and expectations in the world transformer market?

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