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Transformer Market Share

Report ID: GMI2100
Published Date: Jul 2024
Report Format: PDF

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Transformer Market Share

Transformer Company Market Share Analysis, 2023

Companies like ABB, Hitachi, Siemens, and General Electric lead the transformer industry due to their extensive experience, advanced technology, and comprehensive product portfolios. Their strong global presence, robust R&D capabilities, and ability to provide customized solutions cater to diverse industry needs. These companies have established reputations for reliability, quality, and innovation, enabling them to secure large contracts and maintain customer loyalty.

Transformer Market Companies

ABB
Celme S.r.l.
ERMCO
Elsewedy Electric
Eaton Corporation
General Electric
Hitec Products, Inc.
Hitachi Energy Ltd.
Hammond Power Solutions
HYOSUNG HEAVY INDUSTRIES
Mitsubishi Electric Corporation
ORMAZABAL
Power Transformers, Inc.
Siemens
Toshiba Energy Systems & Solutions Corporation
Voltamp

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of transformer was reached USD 58.7 billion in 2023 and is expected grow at 7% CAGR through 2032, due to the increasing electricity demand, urbanization, and modernization of power infrastructure.

The shell segment in the transformer market is expected to cross USD 39.6 billion by 2032, due to the superior efficiency and better performance in reducing core losses.

Asia Pacific transformer market is anticipated to surpass USD 37 billion by 2032, due to significant urbanization and industrial growth.

ABB, Celme S.r.l., ERMCO, Elsewedy Electric, Eaton Corporation, General Electric, Hitec Products, Inc., Hitachi Energy Ltd., Hammond Power Solutions, HYOSUNG HEAVY INDUSTRIES, and Mitsubishi Electric Corporation