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Europe Cast Resin Transformer Market Share

Report ID: GMI8462
Published Date: Mar 2024
Report Format: PDF

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Europe Cast Resin Transformer Market Share

Company Market Share Analysis, 2023, (%)

General Electric maintains a significant market share in Europe's cast resin transformer industry due to its wide range of innovative transformer solutions. Its reputation for reliability, advanced technology, and comprehensive service offerings positions GE as a preferred choice for industries across Europe. With a strong presence and strategic partnerships, GE effectively meets the diverse needs of customers while driving innovation and setting industry standards in the cast resin transformer market.

Europe Cast Resin Transformer Market Companies

Some of the key market players operating across the Europe cast resin transformer industry are:

ABB
AM Transformers
Bharat Heavy Electricals Limited
CG Power & Industrial Solutions Ltd.
Eaton Corporation
Fuji Electric Co., Ltd
GE
Hitachi Energy Ltd.
Schneider Electric
SGB SMIT
Siemens Energy
TMC Transformers S.P.A
Toshiba Energy Systems & Solutions Corporation
URJA Techniques
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of Europe cast resin transformer was reached USD 910.2 million in 2023 and is expected to record a CAGR of 10.7% through 2032, propelled by the increasing emphasis on renewable energy integration and grid modernization initiatives.

Two winding cast resin transformers segment captured about 65% share of the Europe cast resin transformer market in 2023 and is expected to experience considerable growth in the years ahead, due to increasing demand for reliable and efficient power distribution solutions.

UK cast resin transformer industry is projected to be worth over USD 330 million by 2032, driven by increasing investments in renewable energy infrastructure, the expansion of smart grid technologies, and the need for reliable & efficient power distribution systems.

ABB, AM Transformers, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd., Eaton Corporation, Fuji Electric Co., Ltd, Gea, Hitachi Energy Ltd., Schneider Electric, SGB SMIT, Siemens Energy, TMC Transformers S.P.A, Toshiba Energy Systems & Solutions Corporation are some of the major industry contenders.