Power Transformer Market - Top Companies and Manufacturers

Companies Dominating the Power Transformer Landscape

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- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
CG Power & Industrial Solutions Ltd.
Siemens Energy
General Electric
HD HYUNDAI ELECTRIC CO., LTD.
HYOSUNG USA
Powertech Transformers &Controls Pvt Ltd
Bharat Bijlee Limited
Transformers & Rectifiers India Ltd
Mitsubishi Electric Corporation

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Power Transformer Market Size & Share, Growth Trends 2037

In the News

Siemens Energy is investing 150 million dollars to expand operations in Charlotte, North Carolina, which will create almost 600 local jobs by addressing the national shortage of power transformers. The power transformers, which convert high voltage electricity to lower voltages, are a vital part of any electrical distribution network that links the generation and transmission.
GE Renewable Energy announced that in the last few weeks it has received a number of orders to supply 765kV transformers and reactors into India from its Grid Solutions business. Power Grid Corporation of India Ltd., the country's biggest state-owned transmission company, won those contracts. Therefore, being part of order, GE will be producing 13 units of 765 kV transformers and 32 numbers of 765 kV reactors.

Frequently Asked Questions (FAQ)

The growing demand for eco-friendly transformers and expansion of e-mobility are some of the major factors anticipated to drive the growth of the power transformer market.

The market is anticipated to attain a CAGR of ~6.22% over the forecast period, i.e., 2025-2037.

The major players in the market are of HD HYUNDAI ELECTRIC CO., LTD., HYOSUNG USA, Powertech Transformers &Controls Pvt Ltd, Bharat Bijlee Limited, Transformers & Rectifiers India Ltd, Mitsubishi Electric Corporation, and others.

The industrial segment is anticipated to garner the largest market size by the end of 2037 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2037 and provide more business opportunities in the future.

Power Transformer Market - Top Companies and Manufacturers

Companies Dominating the Power Transformer Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What are the major factors driving the growth of the power transformer market?

What would be the CAGR of the power transformer market over the forecast period?

Who are the major players dominating power transformer market?

Which segment captures the significant market size in the end use in the power transformer market?

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