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Power Transformer Market Share

  • Report ID: GMI128
  • Published Date: Jan 2023
  • Report Format: PDF
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Power Transformer Market Share

Top companies operating in the global power transformer market are

  • General Electric
  • Toshiba Energy Systems & Solutions Corporation
  • Hyosung Heavy Industries
  • Hyundai Electric & Energy Systems Co., Ltd.
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • WEG
  • CG Power & Industrial Solutions Ltd
  • Celme S.r.l.
  • Kirloskar Electric Company
  • Daihen Corporation
  • Siemens Energy
  • Hammond Power Solutions
  • Bharat Heavy Electricals Limited
  • Grupo Comtrafo
  • Pfiffner Group
  • JSHP Transformer
  • Hitachi Energy Ltd.
  • Hangzhou Qiantang River Electric Group Co., Ltd.(QRE)
  • YueBian Electric Co., Ltd.
  • Bharat Bijlee Limited

These leaders have been undertaking several R&D initiatives to offer efficient and reliable solutions and improve the existing transformer technology. For instance, in January 2022, General Electric launched a range of power transformers that support renewable energy. Transformers such as GE-Mistral-14, 275 kV to 400 kV, two 340 MVA large power transformers, and MBH Power are installed in numerous wind farm projects across several countries. The wide range of GE power transformers with different voltage levels finds applications in power generation, transmission, and distribution.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of power transformer crossed USD 19 billion in 2022 and is primed to depict over 6.5% gains through 2032 attributed to the increasing deployment of clean energy sources across major economies.

The closed-core transformer segment amassed more than USD 6 Billion in 2022 driven by their remarkable attributes such as effective operational life expectancy and sustainable transformation capacities.

The oil-immersed power transformer segment is projected to showcase nearly 6% growth rate between 2023 and 2032, owing to their ideal cooling strength, ease of installation, better cooling quality, and reliable compatibility.

The gas segment garnered over USD 4 billion in revenue in 2022 and is estimated to witness lucrative growth through 2032 backed by their capability to operate at high temperatures.

Notable players operating in the power transformer business include General Electric, Toshiba Energy Systems & Solutions Corporation, Hyosung Heavy Industries, Hyundai Electric & Energy Systems Co., Ltd., Schneider Electric, Mitsubishi Electric Corporation, WEG, CG Power & Industrial Solutions Ltd., Celme S.r.l., and others.

Global Power Transformer Market Scope

  • Global Power Transformer Market Size
  • Global Power Transformer Market Analysis
  • Global Power Transformer Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 21
    • Tables & Figures: 1993
    • Countries covered: 23
    • Pages: 950
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