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North America Cast Resin Transformer Market Share

Report ID: GMI8612
Published Date: Mar 2024
Report Format: PDF

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North America Cast Resin Transformer Market Share

ABB emerges as one of the largest players in cast resin transformer industry. Increasing focus on strategic partnerships, launching new products, and commercialization strategies to broaden their market reach. Additionally, they invest heavily in research initiatives to develop innovative products which will augment to the industry growth.

North America Cast Resin Transformer Market Companies

Some of the leading players operating across the North America cast resin transformer industry are:

ABB
Bharat Heavy Electricals Limited
Daelim Transformers
Eaton Corporation
Fuji Electric Co., Ltd
GE
Hammond Power Solutions
Hitachi Energy Ltd.
Jiangshan Scotech Electrical Co., Ltd.
Jiangsu Ryan Electric Co., Ltd.
Larson Electronics
LS ELECTRIC Co., Ltd.
Schneider Electric
Siemens Energy
SGB SMIT
TMC Transformers S.P.A
Toshiba Energy Systems & Solutions Corporation
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of the North America cast resin transformer was reached USD 591.4 million in 2023 and is anticipated to record a CAGR of 10% through 2032, driven by growing emphasis on renewable energy sources, along with the product’s ability to provide reliable power distribution.

> 5 MVA cast resin transformer segment of North America market is set to grow at a rate of over 8.5% through 2032, driven by the growing demand for low-voltage power distribution solutions, particularly in commercial, utility, and industrial applications.

The U.S. cast resin transformer market is projected to be worth over USD 890 million by 2032, driven by increasing regulatory requirements and corporate sustainability goals in the nation.

ABB, Bharat Heavy Electricals Limited, Daelim Transformers, Eaton Corporation, Fuji Electric Co., Ltd, GE, Hammond Power Solutions, Hitachi Energy Ltd., Jiangshan Scotech Electrical Co., Ltd. are some of the major industry contenders.