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Power Transformer Market Share

Report ID: GMI128
Published Date: Jun 2024
Report Format: PDF

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Power Transformer Market Share

Global Power Transformer Company Market Share Analysis, 2023

General Electric holds a significant share in the power transformer industry, leveraging its advanced technology and global reach. Known for innovative solutions in transmission and distribution, GE's presence spans key regions, contributing to its leadership in providing efficient and reliable power infrastructure solutions worldwide.

Power Transformer Market Companies

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

Bharat Heavy Electricals Limited
Bharat Bijlee Limited
CG Power & Industrial Solutions Ltd.
Celme S.r.l.
DAIHEN Corporation
Grupo Comtrafo
General Electric
Hitachi Energy Ltd.
Hyosung Heavy Industries
Hammond Power Solutions
Hyundai Electric & Energy Systems Co., Ltd.
Hangzhou Qiantang River Electric Group Co., Ltd. (QRE)
JSHP Transformer
Kirloskar Electric Company
Mitsubishi Electric Corporation
Siemens Energy
Schneider Electric
Toshiba Energy Systems & Solutions Corporation
WEG
YueBian Electric Co., Ltd.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of power transformer was worth USD 20.7 billion in 2023 and is expected to register 6.7% CAGR from 2024-2032 owing to the increasing demand for electricity due to rapid urbanization and industrialization, particularly in emerging economies worldwide.

Power transformer industry from the shell core segment is expected to reach over USD 14 billion by 2032, due to featuring a streamlined design that reduces their overall size and weight compared to traditional transformers, while maintaining or even enhancing their electrical performance.

Asia Pacific power transformer industry is projected to surpass USD 18 billion by 2032 due to rapid industrialization and urbanization across countries like China, India, and Southeast Asia in the region.

Bharat Bijlee Limited, CG Power & Industrial Solutions Ltd., Celme S.r.l., DAIHEN Corporation, Grupo Comtrafo, General Electric, Hitachi Energy Ltd., Hyosung Heavy Industries, and Hammond Power Solutions, are some of the major power transformer companies worldwide.