Closed Core Power Transformer Market - Top Companies and Manufacturers

Companies Dominating the Closed Core Power Transformer Landscape

Key players in the closed core power transformer market are employing strategies such as new product launches, technological advancements, strategic collaborations, and regional expansions to earn high profits. Companies are investing in advanced materials and technologies to develop innovative and space-saving transformers. They are also forming strategic alliances with other players to expand their research and development leading to improved product offerings and market reach.

Some of the key players include:

Siemens Energy
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Schneider Electric
ABB Ltd
Bharat Heavy Electricals Limited (BHEL)
Hyosung Heavy Industries
Hyundai Electric & Energy Systems Co., Ltd.
JSHP Transformer
CG Power & Industrial Solutions Ltd.
Celme S.r.l.
General Electric Company
Hitachi Energy Ltd.

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Closed Core Power Transformer Market Size & Share, Growth Trends 2037

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In February 2024, Siemens Energy announced that it is investing USD 150 million to meet the shortage of power transformers in the U.S. The company is expanding its operations in North Carolina and is set to create more than 600 local jobs in the country.
In January 2022, General Electric Company revealed the launch of a new series of digital power transformers. According to the company, their customers are finding these transformers more reliable and effective.

Frequently Asked Questions (FAQ)

The global closed core power transformer market will be valued at USD 8.3 billion in 2025.

Expanding at a CAGR of 6.3%, the global market is expected to increase from USD 7.8 billion in 2024 to USD 17.3 billion by 2037.

Some leading companies are Siemens Energy, Schneider Electric, ABB Ltd, General Electric Company, and Hitachi Energy Ltd..

The oil-immersed segment is estimated to capture a strong 58.9% of the market share through 2037.

Asia Pacific is expected to hold 50.8% of the global market share through 2037.

Closed Core Power Transformer Market - Top Companies and Manufacturers

Companies Dominating the Closed Core Power Transformer Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the closed core power transformer market?

What is the outlook for the closed core power transformer market?

Who are the major key players dominating the closed core power transformer market?

Which cooling segment is expected to lead the closed core power transformer market by 2037?

Which region will provide more business opportunities for the growth of the closed core power transformer market in the future?