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Asia Pacific Power Transformer Market Share

Report ID: GMI6899
Published Date: Oct 2023
Report Format: PDF

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Asia Pacific Power Transformer Market Share

Siemens Energy commands a substantial share in the Asia Pacific power transformer business, distinguished for its extensive experience in engineering and producing diverse transformer types, encompassing power transformer, dry type transformer, among others. With a rich history deeply rooted in the transmission and distribution sector, the company has delivered transformer solutions across a broad spectrum of applications, spanning commercial, industrial, and utility sectors.

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

General Electric
Siemens Energy
Mitsubishi Electric Corporation
ABB
Schneider Electric
Bharat Heavy Electricals Limited
Toshiba International Corporation
Elsewedy Electric
Eaton
CG Power & Industrial Solutions Ltd.
Voltamp
Ormazabal
ARTECHE
MEHRU
Kirloskar Electric Company
DAIHEN Corporation
Hyosung Heavy Industries

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of power transformer in APAC was worth USD 9.5 billion in 2023 and will observe around 7.5% CAGR from 2023 to 2032.

The residential application is set to record over 7.3% growth through 2032 as the business environment is poised to be influenced by fast-paced urbanization and supportive government initiatives that encourage the integration of renewable energy sources in residential areas.

China power transformer industry held over 44.2% revenue share in 2022 and is expected to witness substantial growth through 2032, due to the country’s rapid industrialization and urbanization.

General Electric, Siemens Energy, Mitsubishi Electric Corporation, ABB, Schneider Electric, Bharat Heavy Electricals Limited, Toshiba International Corporation, Elsewedy Electric, Eaton, CG Power & Industrial Solutions Ltd., DAIHEN Corporation, and Hyosung Heavy Industries.