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Closed Core Transformer Market Share

Report ID: GMI6197
Published Date: Jul 2023
Report Format: PDF

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Closed Core Transformer Market Share

Some of the key companies operating across the closed core transformer market are:

General Electric
Siemens Energy
Mitsubishi Electric Corporation
ABB
Schneider Electric
Toshiba International Corporation
Elsewedy Electric
Eaton
CG Power & Industrial Solutions Ltd
Voltamp
Ormazabal
ARTECHE
Kirloskar Electric Company
Hyosung Heavy Industries
Celme S.r.l

Major manufacturers across Asia Pacific the U.S., and the Middle East & Africa are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of closed core transformer was reached USD 20.8 billion in 2023 and is estimated to witness 6.3% CAGR from 2024 to 2032, driven by the increasing integration of renewable energy sources, such as solar and wind power, into the electricity grid.

The power transformer segment is poised to register over 3.5% CAGR during 2023 to 2032, due to rising infrastructural spending and favorable regulations promoting the refurbishment and expansion of existing grid networks.

North America market is poised to record significant growth at over 6.5% CAGR till 2032, attributed to the growing focus on replacing existing electrical equipment with advanced high-quality systems.

Some of the leading companies operating in the market are General Electric, Siemens Energy, Mitsubishi Electric Corporation, ABB, Schneider Electric, Toshiba International Corporation, Elsewedy Electric, Eaton, CG Power & Industrial Solutions Ltd., and Voltamp.