Power Transformer Market - Top Companies and Manufacturers

  • Report ID: 5977
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Companies Dominating the Power Transformer Landscape

top-features-companies
    • ABB
      • 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

Browse Key Market Insights with Data Illustration:

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.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5977
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

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., 2024-2036.

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 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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