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

Transformer Market Share

Report ID: GMI2100
Published Date: Jun 2023
Report Format: PDF

Download Free Sample

Transformer Market Share

The key companies operating in transformer market are

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

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of transformer reached USD 58.8 billion in 2023 and is anticipated to record around 7% CAGR from 2024 to 2032, on account of the rising demand for electricity coupled with the favorable regulatory reforms aimed at expanding the existing grid infrastructure.

Oil-insulated transformer market generated around USD 31 billion in 2022 and is set to grow at more than 6.4% CAGR through 2032, attributed to the growing focus toward reduced losses and improved energy efficiency to minimize energy wastage.

North America market will witness over 7.8% CAGR from 2023 to 2032, driven by the favorable regulatory framework to promote the integration of efficient grids networks in the region.

Some leading transformer companies include Celme S.r.l., Hyosung Heavy Industries, DAIHEN Corporation, Kirloskar Electric Company, Raychem RPG Private Limited, MEHRU, Amran Inc, Trench Group, Pfiffner Group, and ARTECHE