Home > Energy & Power > Electrical Equipment > Transformers > High Voltage Power Transformer Market

High Voltage Power Transformer Market Share

Report ID: GMI6600
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

High Voltage Power Transformer Market Share

Some of the key market players operating across the high voltage power transformer market are

Hitachi Energy Ltd.
ABB
General Electric
Toshiba Energy Systems & Solutions Corporation
Hyosung Heavy Industries
HD HYUNDAI ELECTRIC CO., LTD.
WEG
CG Power & Industrial Solutions Ltd.
Kirloskar Electric Company
DAIHEN Corporation
Bharat Bijlee Limited
Siemens Energy
Bharat Heavy Electricals Limited
JSHP Transformer
LS ELECTRIC Co., Ltd

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, Vishal Saini

Frequently Asked Questions (FAQ) :

High voltage power transformer industry size was USD 20.9 billion in 2023 and is projected to witness 6.9% CAGR from 2024 to 2032, due to heightened electricity demand and beneficial regulatory changes aimed at enhancing and extending existing grid infrastructure.

The utility application segment exceeded USD 13.5 billion in 2022 due to the growing uptake of renewable energy sources, including solar and wind power, in large-scale utility projects

North America high voltage power transformer market size will witness over 6.3% from 2023-2032 owing to the rising demand for electrical products, driven by higher investments in the development of extensive long-distance transmission networks

Some of the key high voltage power transformer industry players are Hitachi Energy Ltd., ABB, General Electric, Toshiba Energy Systems & Solutions Corporation, Hyosung Heavy Industries, HD HYUNDAI ELECTRIC CO., LTD., WEG, CG Power & Industrial Solutions Ltd., and Kirloskar Electric Company