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Asia Pacific Transformer Market Share

Report ID: GMI6620
Published Date: Nov 2024
Report Format: PDF

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Asia Pacific Transformer Market Share

Asia Pacific Transformer Company Market Share Analysis, 2024

ABB plays a key role in the Asia Pacific transformer industry, offering a wide range of electrical equipment, including both standard and customized solutions. With a strong presence in the electrical industry, ABB reliably delivers specialized bushing solutions designed to meet various application requirements.

Asia Pacific Transformer Market Companies

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

ABB
Arteche
Celme
CG Power and Industrial Solutions
Daihen
Eaton
Elsewedy Electric
General Electric
Hyosung Heavy Industries
Kirloskar Electric Company
Imefy Group
Mitsubishi Electric
Ormazabal
Pfiffner Group
Schneider Electric
Siemens Energy
Toshiba International
Trench Group

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The Asia Pacific market for transformer was reached USD 24.2 billion in 2024 and is expected to grow at a 4.7% CAGR from 2025 to 2034, driven by rapid urbanization and investments in electrical infrastructure.

The closed core segment is projected to surpass USD 12.3 billion by 2034, led by the need for efficient transformers to handle intermittent loads from renewable energy sources.

The commercial and industrial segment is expected to expand at a CAGR of over 4.5% through 2034, as industries adopt energy-efficient transformers to reduce operational costs and comply with energy efficiency standards.

The China transformer market is forecasted to exceed USD 13.5 billion by 2034, fueled by the country's commitment to carbon neutrality and investments in renewable energy projects.

Key players in the Asia Pacific transformer industry include ABB, Arteche, Celme, CG Power and Industrial Solutions, Daihen, Eaton, Elsewedy Electric, General Electric, Hyosung Heavy Industries, Kirloskar Electric Company, Imefy Group, Mitsubishi Electric, Ormazabal, Pfiffner Group, Schneider Electric, Siemens Energy, Toshiba International, and Trench Group.