Home > Energy & Power > Electrical Equipment > Transformers > Phase Shifting Transformer Market

Phase Shifting Transformer Market Share

  • Report ID: GMI6866
  • Published Date: Oct 2023
  • Report Format: PDF

Phase Shifting Transformer Market Share

Some of the key market players operating across the phase shifting transformer market are:

  • Siemens Energy
  • Schneider Electric
  • Hitachi Energy Ltd.
  • ABB
  • Eaton
  • GE Grid Solutions
  • Hyosung Heavy Industries
  • Toshiba International Corporation Pty Ltd.
  • SGB-SMIT Group
  • Wilson Transformers
  • Tamini Trasformatori S.r.l.
Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of phase shifting transformer was worth USD 157.4 million in 2023 and is projected to record over 7.3% CAGR through 2032, due to the increasing integration of renewable energy sources and the higher need for grid stability and reliability.

Phase shifting transformer industry from the > 800 MVA rating segment will witness more than 7% CAGR from 2023 to 2032, owing to the surging grid modernization efforts.

The utility application segment may hold over 74.1% share of the phase shifting transformer market by 2032, driven by the growing adoption of utility-scale renewable energy projects, such as solar and wind farms.

APAC phase shifting transformer market size is set to grow at over 7.1% CAGR through 2032, due to significant growth in renewable energy installations, including solar and wind power.

Phase Shifting Transformer Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 531
  • Countries covered: 24
  • Pages: 200
 Download Free Sample