Home > Energy & Power > Electrical Equipment > Transfer Switches > Shell Core Power Transformer Market

Shell Core Power Transformer Market Share

Report ID: GMI10647
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Shell Core Power Transformer Market Share

General Electric holds a significant share in the shell core power transformer industry, driven by its advanced technological solutions and extensive industry experience. The company's focus on innovation, reliability, and efficiency, along with its strong global presence, positions it as a key player in meeting the growing demand for high-performance power transformers in the evolving energy landscape.

Shell Core Power Transformer Market Companies

Major players operating across the shell core power transformer industry are:

Bharat Heavy Electricals Limited (BHEL)
Bharat Bijlee Limited
CG Power & Industrial Solutions Ltd.
Celme S.r.l.
DAIHEN Corporation
General Electric
Hitachi Energy Ltd.
Hyosung Heavy Industries
Hammond Power Solutions
Hyundai Electric & Energy Systems Co., Ltd.
JSHP Transformer
Mitsubishi Electric Corporation
Siemens Energy
Schneider Electric
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of shell core power transformer was worth over USD 8.2 billion in 2023 and is expected to register 6.3% CAGR from 2024 to 2032, owing to the rising energy demands in homes, businesses, and industries, increase in renewable energy projects, and the need to update old power infrastructure worldwide.

Shell core power transformer industry from the two windings segment is expected to reach USD 7 billion by 2032, due to the increasing investments in electrical infrastructure, rising demand for efficient power transmission, and the integration of renewable energy sources.

Asia Pacific shell core power transformer industry is likely to exceed USD 7 billion by 2032, due to increasing demand for electricity along with rapid urbanization and industrialization in the region.

Hammond Power Solutions, Hyundai Electric & Energy Systems Co., Ltd., JSHP Transformer, Mitsubishi Electric Corporation, Siemens Energy, Schneider Electric, and Toshiba Energy Systems & Solutions Corporation, are some of the major shell core power transformer companies worldwide.