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The power transformers market is forecasted to grow by USD 13.20 billion during 2024-2029, accelerating at a CAGR of 6.2% during the forecast period. The report on the power transformers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by modernization of existing transformers, growth of t and d driving demand for power transformers, and expansion of renewable power generation capacity.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The power transformers market is segmented as below:
By Type
- Liquid immersed
- Dry type
By End-user
- Commercial power
- Residential power
- Industrial power
By Product Type
- Core transformer
- Shell power transformer
- Berry power transformer
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the power transformers market covers the following areas:
- Power Transformers Market sizing
- Power Transformers Market forecast
- Power Transformers Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Market Segmentation by Product Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global power transformers market: ALTRAFO Srl, Altro Transformers Pty. Ltd., CG Power and Industrial Solutions Ltd., DuPont de Nemours Inc., Eaton Corp., ETEL TRANSFORMERS PTY LTD., Fuji Electric Co. Ltd., General Electric Co., Hammond Power Solutions Inc., Hitachi Ltd., Hyundai Electric and Energy Systems Co. Ltd., Kirloskar Electric Co. Ltd., Layer Electronics Srl, MGM Transformer Co., Schneider Electric SE, Siemens Energy AG, Southern Electronic Services, Tyree Industries, and Wilson Power And Distribution Technologies Pvt. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing popularity of bio-based and naphthenic transformer oil."
According to the report, one of the major drivers for this market is the modernization of existing transformers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ALTRAFO Srl
- Altro Transformers Pty. Ltd.
- CG Power and Industrial Solutions Ltd.
- DuPont de Nemours Inc.
- Eaton Corp.
- ETEL TRANSFORMERS PTY LTD.
- Fuji Electric Co. Ltd.
- General Electric Co.
- Hammond Power Solutions Inc.
- Hitachi Ltd.
- Hyundai Electric and Energy Systems Co. Ltd.
- Kirloskar Electric Co. Ltd.
- Layer Electronics Srl
- MGM Transformer Co.
- Schneider Electric SE
- Siemens Energy AG
- Southern Electronic Services
- Tyree Industries
- Wilson Power And Distribution Technologies Pvt. Ltd.