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Asia Pacific Power Transformer Market Share

Report ID: GMI6899
Published Date: Dec 2024
Report Format: PDF

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Asia Pacific Power Transformer Market Share

Asia Pacific Power Transformer Company Market Share Analysis, 2024

ABB holds a significant presence in the Asia Pacific power transformer industry, offering a wide range of electrical equipment, including both standard and customized designs. Leveraging its strong position in the electrical industry, ABB delivers specialized bushing solutions designed to cater to a variety of application requirements.

Asia Pacific Power Transformer Market Companies

Some of the major key players operating across the Asia Pacific power transformer industry are:

ABB
Arteche
Bharat Heavy Electricals
CG Power & Industrial Solutions
Daihen
Eaton
Elsewedy Electric
General Electric
Hyosung Heavy Industries
Kirloskar Electric
Mehru
Mitsubishi Electric
Ormazabal
Schneider Electric
Siemens Energy
Toshiba International
Voltamp

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The Asia Pacific market for power transformer was reached USD 9.9 billion in 2024 and is projected to grow at a 3.6% CAGR from 2025 to 2034, driven by increasing electricity demand due to rapid industrialization and urbanization.

The closed core segment is expected to surpass USD 4.6 billion by 2034, supported by its efficiency and low magnetic leakage, which are critical for high-voltage applications and grid modernization efforts.

The utility segment is anticipated to grow at a CAGR of over 2.8% through 2034, led by the adoption of smart grids and IoT-enabled monitoring systems for predictive maintenance.

The China power transformer market is projected to exceed USD 6.1 billion by 2034, fueled by investments in HVDC systems and smart grid infrastructure to support renewable energy integration and rural electrification.

Key players in the market include ABB, Arteche, Bharat Heavy Electricals, CG Power & Industrial Solutions, Daihen, Eaton, Elsewedy Electric, General Electric, Hyosung Heavy Industries, Kirloskar Electric, Mehru, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens Energy, Toshiba International, and Voltamp.