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Shell Core Transformer Market Share

Report ID: GMI6192
Published Date: Jul 2023
Report Format: PDF

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Shell Core Transformer Market Share

Some of the key market players operating across the shell core transformer market are:

General Electric
Siemens Energy
Mitsubishi Electric Corporation
ABB
Schneider Electric
Toshiba International Corporation
Elsewedy Electric
Eaton
CG Power & Industrial Solutions Ltd
Voltamp
Ormazabal
ARTECHE
Kirloskar Electric Company,
Hyosung Heavy Industries
Celme S.r.l.

Major manufacturers across Asia Pacific, the U.S., and the Middle East & Africa are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Market size for shell core transformer was USD 22.2 billion in 2023 and will observe 6.5% CAGR from 2024-2032 due to the paradigm shift towards cleaner and sustainable energy sources.

Shell core transformer industry share from the distribution transformer product segment exceeded USD 9.5 billion in 2022 driven by increasing energy security concerns and the exponential rise in energy consumption, particularly in developing economies

Demand for solid insulated shell core transformers will record more than 9% CAGR from 2023-2032 due to strong competition from existing insulation units and low consumer awareness

Siemens Energy, Mitsubishi Electric Corporation, ABB, Schneider Electric, Toshiba International Corporation, Elsewedy Electric, Eaton, CG Power & Industrial Solutions Ltd., Voltamp, Ormazabal, ARTECHE, and Kirloskar Electric Company are the key shell core transformer business players