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Asia Pacific Transformer Market Share

Report ID: GMI6620
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Transformer Market Share

Some of the major companies operating across the Asia Pacific transformer market are:

General Electric
Siemens Energy
Mitsubishi Electric Corporation
ABB
Schneider Electric
Bharat Heavy Electricals Ltd.
Toshiba International Corporation
Elsewedy Electric
Eaton
CG Power & Industrial Solutions Ltd.
IMEFY GROUP
Voltamp
Ormazabal
ARTECHE
Pfiffner Group
MEHRU
Kirloskar Electric Company
DAIHEN Corporation
Hyosung Heavy Industries
Celme S.r.l.

These companies focus on new product launch & commercialization and strategic partnerships for market expansion. Furthermore, these companies are increasingly investing in research & development activities, which enable them to introduce innovative products and garner maximum revenue in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Market size for transformer in the APAC reached USD 22.4 billion in 2023 and is estimated to exhibit a 5.4% CAGR between 2024 and 2032, due to increasing energy demand and the rapid expansion of the electricity industry in the region.

Asia Pacific power transformer industry will garner huge gains through 2032, owing to fast-paced industrial growth and the accelerating rate of urbanization.

China market captured an estimated 38% of the revenue share in 2022, attributed to consistent technological innovations and the increased emphasis on expanding the existing energy infrastructure.

Major companies operating across the market are General Electric, Siemens Energy, Mitsubishi Electric Corporation, ABB, Schneider Electric, Bharat Heavy Electricals Ltd., Toshiba International Corporation, Elsewedy Electric, Eaton, and CG Power & Industrial Solutions Ltd.