Home > Energy & Power > Electrical Equipment > Transformers > Two Winding Power Transformer Market

Two Winding Power Transformer Market Share

Report ID: GMI10887
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Two Winding Power Transformer Market Share

General Electric holds a significant share in the two winding power transformer industry, driven by its advanced technology and extensive experience in the industry. The company’s market leadership is supported by its innovation in power solutions, robust infrastructure, and strong customer base, positioning it as a key player in meeting the growing demand for efficient and reliable power transformers.

Two Winding Power Transformer Market Companies

Major key players operating across the two winding power transformer industry are:

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of two winding power transformer was worth over USD 11.4 billion in 2023 and is projected to expand at 5.9% CAGR through 2032, fuelled by surging electricity demand in emerging economies and a worldwide shift towards renewable energy sources, notably solar and wind.

The pad-mounted segment of two winding power transformer industry will record 5.5% CAGR through 2032, driven by the advantages, including enhanced safety with tamper-resistant designs, easier accessibility for maintenance, and a smaller footprint.

Asia-Pacific market for two winding power transformer is expected to exceed USD 9 billion by 2032, driven by rapid industrialization and urbanization, which are fuelling the demand for reliable energy supply.

Bharat Heavy Electricals Limited (BHEL), Celme S.r.l., CG Power & Industrial Solutions Ltd., General Electric, Hyundai Electric & Energy Systems Co., Ltd., Hyosung Heavy Industries, Hitachi Energy Ltd., JSHP Transformer, and Mitsubishi Electric Corporation among others.