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Closed Core Distribution Transformer Market Share

Report ID: GMI8325
Published Date: Feb 2024
Report Format: PDF

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Closed Core Distribution Transformer Market Share

Company Market Share Analysis, 2023, (%)

ABB holds one of the key positions in the industry due to its extensive portfolio of innovative solutions, robust research and development capabilities, and global presence. Leveraging advanced technologies, the company delivers reliable and efficient products tailored to diverse customer needs coupled with strong customer relationships. Moreover, the company's strategic partnerships and continuous investment in enhancing grid infrastructure further strengthen its position as a market leader.

Closed Core Distribution Transformer Market Companies

Some of the major key players operating across the closed core distribution transformer industry are:

ABB
Bharat Heavy Electricals Limited (BHEL)
Celme S.r.l.
CG Power & Industrial Solutions Ltd.
Eaton Corporation
Elsewedy Electric
EMCO Limited
ERMCO
General Electric
Hitachi Energy Ltd.
HYOSUNG HEAVY INDUSTRIES
IMEFY GROUP
Mitsubishi Electric Corporation
ORMAZABAL
Schneider Electric
Siemens
Toshiba Energy Systems & Solutions Corporation
Voltamp

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of closed core distribution transformer was reached USD 10.3 billion in 2023 and is expected to register over 7.7% CAGR from 2024 to 2032, owing to increasing demand for electricity along with urbanization and industrialization worldwide.

The outdoor segment recorded over 60% share of the closed core distribution transformer market in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to the increasing demand for electricity infrastructure in expanding urban areas and remote locations.

North America closed core distribution transformer industry is expected to reach over USD 7.5 billion by 2032, due to infrastructure modernization initiatives and increasing investments in renewable energy projects in the region.

ABB, Celme S.r.l., CG Power & Industrial Solutions Ltd., Eaton Corporation, Elsewedy Electric, EMCO Limited, ERMCO, General Electric, Hitachi Energy Ltd., and HYOSUNG HEAVY INDUSTRIES, are some of the major closed core distribution transformer companies worldwide.