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Industrial Cast Resin Transformer Market Share

Report ID: GMI7437
Published Date: Nov 2023
Report Format: PDF

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Industrial Cast Resin Transformer Market Share

ABB holds a significant position in the industrial cast resin transformer industry, recognized for its vast expertise in engineering and manufacturing various transformer technologies, including open wound, cast resin, and oil-immersed types. With a robust legacy deeply entrenched in the transmission and distribution sector, the company has provided transformer solutions for a wide range of applications, covering industries, inner-city substations, and underground substations.

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

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

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of industrial cast resin transformer was reached USD 1 billion in 2022 and is projected to record around 9.6% CAGR from 2023 to 2032, owing to the increasing deployment of renewable energy.

The auto transformer segment was worth more than USD 300 million in 2022 and will grow significantly through 2032, owing to its efficient transformation capabilities and operational adaptability, distinguishing it other variants.

North America captured about 20.3% of the industrial cast resin transformer market share in 2022 and will grow significantly through 2032 as the region is witnessing a significant uptick in the demand for electrical products due to increased investments in expanding extensive electricity networks.

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