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Industrial Cast Resin Transformer Market Share

Report ID: GMI7437
Published Date: Dec 2024
Report Format: PDF

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Industrial Cast Resin Transformer Market Share

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General Electric (GE) is one of the largest multinational conglomerates in the world, with a strong presence in the energy sector, including the design and manufacturing of transformers. GE’s expertise spans across a wide range of industries, from power generation to renewable energy, transportation, healthcare, and more. Within the energy sector, GE has a long history of producing high-quality transformers, including industrial cast resin transformers, which are used in various industrial, commercial, and utility applications.

Industrial Cast Resin Transformer Market Companies

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

ABB
Bharat Heavy Electricals
CG Power
Eaton
Fuji Electric
GE
Hitachi Energy
Raychem RPG
Schneider Electric
SGB SMIT
Siemens Energy
TMC Transformers
Toshiba Energy Systems
URJA Techniques
WEG

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The global market for industrial cast resin transformer was reached USD 1.3 billion in 2024 and is projected to grow at a 9% CAGR from 2025 to 2034, driven by industrialization and infrastructure development.

The two-winding segment is expected to exceed USD 1.7 billion by 2034, supported by its compact design, high reliability, and fire-resistant insulation, making it ideal for industrial applications.

The ≤ 5 MVA segment is anticipated to grow at a CAGR of over 7.5% through 2034, led by its adoption in commercial, industrial, and infrastructure applications due to its energy efficiency and safety features.

The U.S. industrial cast resin transformer market is projected to surpass USD 385 million by 2034, fuelled by advancements in technology, renewable energy expansion, and demand for energy-efficient solutions.

Key players in the market include ABB, Bharat Heavy Electricals, CG Power, Eaton, Fuji Electric, GE, Hitachi Energy, Raychem RPG, Schneider Electric, SGB SMIT, Siemens Energy, TMC Transformers, Toshiba Energy Systems, URJA Techniques, and WEG.