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Asia Pacific Cast Resin Transformer Market Share

Report ID: GMI7288
Published Date: Nov 2023
Report Format: PDF

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Asia Pacific Cast Resin Transformer Market Share

ABB holds a significant presence in the Asia Pacific cast resin transformer industry, recognized for its extensive expertise in the design and manufacturing of various transformer technologies, including open wound, cast resin, and oil-immersed transformers, among others. The company boasts a long and storied history deeply embedded in the field of transmission and distribution. Over the years, ABB has provided transformer solutions across a wide range of applications, encompassing various industries, inner-city substations, and underground substations.

Some of the key market players operating across the Asia Pacific cast resin transformer industry are:

ABB
GE
Eaton
Schneider Electric
Siemens Energy
Hitachi Energy Ltd.
CG Power & Industrial Solutions Ltd.
Toshiba Energy Systems & Solutions Corporation
Bharat Heavy Electricals Limited (BHEL)
Raychem RPG Private Limited
Fuji Electric Co., Ltd.
WEG
URJA Techniques
SGB SMIT

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for cast resin transformer was worth USD 833.2 million in 2022 and is projected to expand at 10.3% CAGR from 2023 to 2032, driven by the significant advancements in the traditional technologies and the expansion of grids in the region.

Asia Pacific cast resin transformer market from the auto transformer segment generated more than USD 245 million in 2022 and is likely to witness high demand through 2032, owing to its exceptional transformation capabilities and operational versatility.

China cast resin transformer industry accounted for more than 44.6% revenue share in 2022 and is estimated to record robust growth through, 2032 owing to the ongoing industrialization and urbanization and the increasing adoption of renewable energy in the nation.

Some of the major cast resin transformer manufacturers are ABB, GE, Eaton, Schneider Electric, Siemens Energy, Hitachi Energy Ltd., CG Power & Industrial Solutions Ltd., Toshiba Energy Systems & Solutions Corporation, Bharat Heavy Electricals Limited (BHEL), Fuji Electric Co., Ltd., and SGB SMIT, among others.