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Utility Scale Green Power Transformer Market Share

Report ID: GMI7949
Published Date: Jan 2024
Report Format: PDF

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Utility Scale Green Power Transformer Market Share

GE Grid Solutions holds a significant stake in the green power transformer market, known for its extensive expertise in engineering and manufacturing various transformer types, including power transformers and distribution transformers, among others. With a robust history deeply ingrained in the transmission and distribution sector, the company has provided transformer solutions across a wide range of applications, covering commercial, industrial, and utility sectors.

Utility Scale Green Power Transformer Market Companies

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

ABB
Alstom Grid
CG Power and Industrial Solutions
Eaton
GE Grid Solutions
Hitachi Energy Ltd.
Hyosung Heavy Industries
Ormazabal
Schneider Electric
Siemens Energy
WESTRAFO SRL

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of utility scale green power transformer was worth USD 580 million in 2023 and is expected to register over 5.9% CAGR from 2024 to 2032, owing to the increasing need for power transformers to effectively transmit and distribute electricity harnessed from renewable energy sources worldwide.

The three phase utility scale green power transformer market size crossed USD 470 million in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, owing to their pivotal role in overseeing the electrical flow to and from energy storage systems.

North America utility scale green power transformer industry is expected to reach over USD 98.7 million by 2032, due to the increasing funding for infrastructure spending proposals in the region.

ABB, Alstom Grid, CG Power and Industrial Solutions, Eaton, GE Grid Solutions, Hitachi Energy Ltd., Hyosung Heavy Industries, Ormazabal, Schneider Electric, Siemens Energy, and WESTRAFO SRL are some of the major utility scale green power transformer companies worldwide.