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Phase Shifting Transformer Market Share

Report ID: GMI6866
Published Date: Dec 2024
Report Format: PDF

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Phase Shifting Transformer Market Share

Global Phase Shifting Transformer Company Market Share Analysis, 2024

ABB, a major player in the phase-shifting transformer industry, offers a diverse range of electrical equipment, including both standard and customized designs. With a strong foothold in the electrical industry, ABB consistently provides tailored bushing solutions to meet various application needs.

Phase Shifting Transformer Market Companies

Some of the major key players operating across the phase shifting transformer industry are:

ABB
Eaton
GE Grid Solutions
Hitachi Energy
Hyosung Heavy Industries
Schneider Electric
SGB-SMIT Group
Siemens Energy
Tamini Transformers
Toshiba International Corporation
Wilson Transformers

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The global market for phase shifting transformer was reached USD 172.4 million in 2024 and is projected to grow at a 6.6% CAGR from 2025 to 2034, driven by the increasing adoption of renewable energy sources and the need for grid stability.

The sub-400 MVA segment is expected to exceed USD 65.7 million by 2034 as these transformers enhance grid stability and flexibility, particularly in urban areas with dense electricity demand.

The utility segment is anticipated to grow at a CAGR of 5.7% through 2034, led by the need to manage large power flows, prevent congestion, and integrate renewable energy sources effectively.

The U.S. phase shifting transformer market is expected to surpass USD 32.5 million by 2034, fueled by investments in modernizing aging grid infrastructure to enhance reliability and meet national energy goals.

Key players in the industry include ABB, Eaton, GE Grid Solutions, Hitachi Energy, Hyosung Heavy Industries, Schneider Electric, SGB-SMIT Group, Siemens Energy, Tamini Transformers, Toshiba International Corporation, and Wilson Transformers.