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Oil Filled Power Transformer Market Share

Report ID: GMI7720
Published Date: Jun 2024
Report Format: PDF

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Oil Filled Power Transformer Market Share

ABB maintains a leading position in the oil-filled power transformer market, renowned for its extensive expertise in manufacturing a wide range of transformers. This encompasses both traditional models and their various adaptations, as well as other related products. Leveraging a robust legacy in the electrical equipment industry, ABB excels in delivering customized transformer solutions that cater to a diverse array of applications.

Oil Filled Power Transformer Market Companies

Eminent players operating in the oil filled power transformer industry include:

ABB
Bharat Heavy Electricals Limited (BHEL)
Celme S.r.l.
CG Power & Industrial Solutions Ltd.
Eaton
Elsewedy Electric
Fuji Electric Co., Ltd.
GE
Hitachi Energy Ltd.
Hyosung Heavy Industries
LS ELECTRIC Co., Ltd.
Ormazabal
Schneider Electric
Siemens Energy
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of oil filled power transformer was reached USD 13.2 billion in 2023 and is expected to register 6.2% CAGR from 2024 to 2032, owing to the rising global demand for energy, particularly in developing economies worldwide.

Oil filled power transformer industry from the water cooled segment is expected to reach over USD 6.8 billion by 2032, due to the increasing need for high-capacity power transformers, particularly in heavy industrial applications and large-scale power plants.

North America oil filled power transformer industry is expected to cross USD 3.2 billion by 2032, due to ongoing efforts to modernize and upgrade aging electrical infrastructure in the region.

ABB, Bharat Heavy Electricals Limited (BHEL), Celme S.r.l., CG Power & Industrial Solutions Ltd., Eaton, Elsewedy Electric, Fuji Electric Co., Ltd., GE, Hitachi Energy Ltd., and Hyosung Heavy Industries, are some of the major oil filled power transformer companies worldwide.