Home > Energy & Power > Electrical Equipment > Transformers > Green Power Transformer Market

Green Power Transformer Market Share

Report ID: GMI6802
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Green Power Transformer Market Share

Green Power Transformer Market Company Share Analysis, 2024

As a key player in the green power transformer market, ABB provides a wide range of electrical equipment, including both standard and tailored designs. With a strong presence in the electrical industry, ABB continuously delivers customized bushing solutions to address various application requirements.

Green Power Transformer Market Companies

Some of the key market players operating across the green power transformer industry are:

ABB
Alstom Grid
CG Power and Industrial Solutions
Eaton
GE Grid Solutions
Hitachi Energy
Hyosung Heavy Industries
Ormazabal
Schneider Electric
Siemens Energy
Westrafo

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of green power transformer was worth USD 1.1 billion in 2023 and will register over 6.9% CAGR from 2024 to 2032, due to the increasing shift towards renewable energy sources such as wind, solar, and hydropower and the rising preference for efficient power transformers worldwide.

The three-phase green power transformer market will register over 0.5% CAGR through 2032, on account of their critical role in managing the flow of electricity to and from energy storage systems while contributing to grid stability and reliability.

Asia-Pacific green power transformer market will record more than 6.5% CAGR between 2023 and 2032, owing to the increasing demand for energy efficiency among governments and utilities in the region.

Siemens Energy, Schneider Electric, Hitachi Energy Ltd., AB, Eaton, GE Grid Solutions, Hyosung Heavy Industries, CG Power and Industrial Solutions, Ormazabal, and Alstom Grid are some of the major green power transformer companies worldwide.