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Distribution Transformer Market Share
- Report ID: GMI2121
- Published Date: Jul 2023
- Report Format: PDF
Distribution Transformer Market Share
Notable companies operating in the distribution transformer market include
- Eaton Corporation
- Schneider Electric
- Hitachi Energy Ltd.
- General Electric
- HYOSUNG HEAVY INDUSTRIES
- ORMAZABAL
- Mitsubishi Electric Corporation
- Toshiba Energy Systems & Solutions Corporation
- Siemens
- Voltamp
- CG Power & Industrial Solutions Ltd.
- IMEFY GROUP
- ABB
- Hitachi Energy Ltd.
- Elsewedy Electric
- Celme S.r.l.
- ERMCO
Frequently Asked Questions (FAQ) :
The market size of distribution transformer reached USD 30.2 billion in 2023 and is estimated to exceed USD 62.1 billion by 2032, driven by the burgeoning requirement of electricity along with favorable policies for the expansion of the existing grid infrastructure.
The distribution transformer market size from the outdoor installation segment is anticipated to witness over 7.5% CAGR from 2023 to 2032 due to rapid adoption in substations, industrial facilities, and commercial buildings for offering versatility in voltage ratings and power capacities.
The utility application segment held approximately 51% of the distribution transformer industry share in 2022 due to the growing electricity demand and ongoing efforts to refurbish the transmission & distribution infrastructure across the globe.
North America distribution transformer market size is poised to surpass USD 25 billion by 2032 owing to the rising need for effective T&D systems.
Distribution Transformer Market Scope
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