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Closed Core Power Transformer Market Share

Report ID: GMI10698
Published Date: Aug 2024
Report Format: PDF

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Closed Core Power Transformer Market Share

Closed Core Power Transformer Company Market Share Analysis, 2023

Siemens Energy holds a significant share in the closed core power transformer industry, driven by its innovative solutions and advanced technology. The company’s strong market position is supported by increasing demand for efficient power transmission, infrastructure upgrades, and renewable energy integration. Siemens Energy’s commitment to enhancing grid reliability and performance further solidifies its prominent role in this sector.

Closed Core Power Transformer Market Companies

Major key players operating across the closed core power transformer industry are

ABB
Bharat Heavy Electricals Limited (BHEL)
CG Power & Industrial Solutions Ltd.
Celme S.r.l.
General Electric
Hitachi Energy Ltd.
Hyosung Heavy Industries
Hyundai Electric & Energy Systems Co., Ltd.
JSHP Transformer
Mitsubishi Electric Corporation
Siemens Energy
Schneider Electric

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of closed core power transformer was worth over USD 7.3 billion in 2023 and is expected to register 5.9% CAGR from 2024 to 2032, owing to the rising demand for energy-efficient power transmission and increasing investments in renewable energy worldwide.

Closed core power transformer industry from the oil-immersed cooling segment is expected to exceed USD 7.5 billion by 2032, due to offering superior thermal conductivity, which enhances heat dissipation and allows transformers to handle higher loads more efficiently.

Asia Pacific closed core power transformer industry is expected to reach over USD 6.5 billion by 2032, due to rising demand for electricity in fast-urbanizing and industrializing countries like China and India in the region.

ABB, Hyosung Heavy Industries, Hyundai Electric & Energy Systems Co., Ltd., JSHP Transformer, Mitsubishi Electric Corporation, Siemens Energy, Schneider Electric, and Toshiba Energy Systems & Solutions Corporation, are some of the major closed core power transformer companies worldwide.