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Green Power Transformer Market Share

Report ID: GMI6802
Published Date: Sep 2023
Report Format: PDF

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Green Power Market Share

Some of the key market players operating across the green power transformer industry are:

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

GE grid solutions commands a substantial share in the green power transformer market, distinguished for its extensive experience in engineering and producing diverse transformer types, encompassing power transformers and distribution transformers, among others. With a rich history deeply rooted in the transmission and distribution sector, the company has delivered transformer solutions across a broad spectrum of applications, spanning commercial, industrial, and utility sectors.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of green power transformer was worth USD 1.1 billion in 2023 and will register over 6.9% CAGR from 2024 to 2032, due to the increasing shift towards renewable energy sources such as wind, solar, and hydropower and the rising preference for efficient power transformers worldwide.

The three-phase green power transformer market will register over 0.5% CAGR through 2032, on account of their critical role in managing the flow of electricity to and from energy storage systems while contributing to grid stability and reliability.

Asia-Pacific green power transformer market will record more than 6.5% CAGR between 2023 and 2032, owing to the increasing demand for energy efficiency among governments and utilities in the region.

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