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Power & Distribution Transformer Market - Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028

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  • 190 Pages
  • September 2023
  • Region: Global
  • TechSci Research
  • ID: 5783393
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Global Power & Distribution Transformer Market Was Valued at USD 50,923.69 Million in 2022 and is Expected to Register a CAGR of 7.98% During the Forecast Period.

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Global Power & Distribution Transformer Market is anticipated to grow robustly in the forecast period 2024-2028. During the period considered, the power transformer market would be driven by rising transmission network research and the fast use of alternative and renewable energy sources for generating electricity in remote places. A distribution transformer, also known as a service transformer, steps down the voltage used in distribution lines to the level used by the customer as the last voltage transformation in an electric power distribution system. Distribution transformers are typically found at a service drop, which is the point when wires leave an underground power line or utility pole and enter a customer's property. At voltages below 30 kV, they are frequently used to provide electricity to facilities outside of communities, including remote homes, farmyards, or pumping stations.

Government Regulations Towards Renewable Energy and Increasing Demand Of Electricity Is Propelling The Market

The demand for wet insulated power transformers is being driven by the rising use of transformers for residential and commercial applications as well as their low cost. Wet insulating power transformer integration with smart grids and the installation of renewable energy grids with eco-friendly coolants are two research and development activities that would open lucrative market expansion opportunities.

These transformers are employed in locations where high voltage and low losses are crucial factors due to their high efficiency. Additionally, compared to dry power transformers, they have better insulation and cooling capabilities, which helps the industry develop.

Smart grids can be accessed and monitored remotely, and they can rapidly adjust to changes in electricity demand. Additionally, they provide effective cooling and power delivery, which lowers carbon emissions. During the projection period, the development of green transformers, high voltage transmission technologies, and strict government regulations aimed at lowering greenhouse gas emissions would all support the expansion of the global power & transformer market.

Electrifying Plans of Indian Government & Rising Renewable Energy Investment

The number of electrification projects is increasing in the African and Asia-Pacific regions, and several efforts indicate that major advancements in the electrification rate are now being made. Over the ensuing years, this is anticipated to generate a lot of chances for distribution transformer market participants.

The need for distribution transformers has increased as a result of urbanization. Sales of distribution transformers have grown as a consequence of the expansion of power production facilities and transmission networks. The potential is highest in the African continent out of the other four. Demand for distribution transformers will increase as the African continent becomes electrified in the next ten years.

In India, the government set a target of electrifying all villages in the year 2020, however as of that year, 2.4% of homes were still without electricity. The market is anticipated to be driven by a sizable electrification project that is now being carried out to link such homes to the grid.

The incorporation of renewable energy into the electrical grid has increased investment in electrical power systems and boosted the distribution transformer market in both developed and emerging nations. Demand for distribution transformers will increase as electrical infrastructure in North America and Europe is automated and modernized.

High Maintenance and Fluctuating Raw Material Cost

The primary materials used in the production of power transformers are steel, aluminum, and copper. The sale of power transformers will be restricted in low- and middle-income nations due to a rise in the overall price of these raw materials.

Power transformers are more expensive than traditional power distribution systems owing to fluctuations in the raw material supply and disruptions in the distribution and supply channels carried on by pandemics. The market's expansion is also expected to be hampered by fluctuating raw material prices and high-power transformer installation and maintenance costs relative to current power distribution systems.

Market Segmentation

The Global Power & Distribution Transformer Market is segmented based on type, rating, end user, phase. Based on Type, the market is segmented into power transformer & distribution transformer. Based on Rating, the market is segmented into upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, Above 500MVA, Based on End User, the market is segmented into residential, commercial, industrial, and utility. Based on phase, the market is divided into single phase and three phase, based on insulation, the market is divided into oil immersed & dry.

Market player

Major players operating in the Global Power & Distribution Transformer Market are ABB Ltd, Crompton Greaves Ltd, Hitachi Ltd, Mitsubishi Electric Corporation, General Electric Corporation, Siemens AG, Schneider Electric SE, TBEA Co., Ltd, Eaton Corporation PLC, Toshiba Corporation, Bharat Heavy Electricals Limited, Hyundai Heavy Industries Co. Ltd, Hyosung Corporation, Baoding Tianwei Baobian Electric Co., Ltd, Wilson Transformer Company Pty Ltd, Hammond Power Solutions Inc, JiangSu HuaPeng Transformer Co., Ltd, Zaporozh transformator PJSC, China XD Electric Co., Ltd, Kirloskar Electric Company Limited.

Report Scope:

In this report, Global Power & Distribution Transformer Markethas been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Power & Distribution Transformer Market, By Type:

  • Power Transformer
  • Distribution Transformer

Global Power & Distribution Transformer Market, By Rating:

  • upto 100 kVA
  • 100.1-500kVA
  • 500.1-1000kVA
  • 1000.1-5000kVA
  • 5.1-100MVA
  • 100.1-500MVA
  • Above 500MVA

Global Power & Distribution Transformer Market, By End User:

  • Residential
  • Commercial
  • Industrial
  • Utility

Global Power & Distribution Transformer Market, By Phase:

  • Single Phase
  • Three Phase

Global Power & Distribution Transformer Market, By Insulation:

  • Oil Immersed
  • Dry

Global Power & Distribution Transformer Market, By Region:

  • North America
  • United States
  • Mexico
  • Canada
  • Asia-Pacific
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Malayasia
  • China
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Poland
  • Denmark
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Chile
  • Middle East
  • Saudi Arabia
  • South Africa
  • UAE
  • Iraq
  • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Power & Distribution Transformer Market

Available Customizations:

Global Power & Distribution Transformer Market report with the given market data, the publisher offers customizations according to a company's specific needs.


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Table of Contents

1. Product Overview
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Impact of COVID-19 on Global Power & Distribution Transformer Market4. Executive Summary5. Voice of Customers
6. Global Power & Distribution Transformer Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Power Transformer & Distribution Transformer)
6.2.2. By Rating (upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, Above 500MVA)
6.2.3. By End User (Residential, Commercial, Industrial and Utility)
6.2.4. By Phase (Single Phase and Three Phase)
6.2.5. By Insulation (Oil Immersed & Dry)
6.2.6. By Region (North America, Europe, Rest of the World)
6.3. By Company (2022)
6.4. Market Map
7. North America Power & Distribution Transformer Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Rating
7.2.3. By End User
7.2.4. By Phase
7.2.5. By Insulation
7.2.6. By Country
7.3. North America: Country Analysis
7.3.1. United States Power & Distribution Transformer Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Rating
7.3.1.2.3. By End User
7.3.1.2.4. By Phase
7.3.1.2.5. By Insulation
7.3.1.3. Canada Power & Distribution Transformer Market Outlook
7.3.1.4. Market Size & Forecast
7.3.1.4.1. By Value
7.3.1.5. Market Share & Forecast
7.3.1.5.1. By Type
7.3.1.5.2. By Rating
7.3.1.5.3. By End User
7.3.1.5.4. By Phase
7.3.1.5.5. By Insulation
7.3.1.6. Mexico Power & Distribution Transformer Market Outlook
7.3.1.7. Market Size & Forecast
7.3.1.7.1. By Value
7.3.1.8. Market Share & Forecast
7.3.1.8.1. By Type
7.3.1.8.2. By Rating
7.3.1.8.3. By End User
7.3.1.8.4. By Phase
7.3.1.8.5. By Insulation
8. Asia-Pacific Power & Distribution Transformer Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Rating
8.2.3. By End User
8.2.4. By Phase
8.2.5. By Insulation
8.2.6. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Power & Distribution Transformer Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Rating
8.3.1.2.3. By End User
8.3.1.2.4. By Phase
8.3.1.2.5. By Insulation
8.3.2. India Power & Distribution Transformer Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Rating
8.3.2.2.3. By End User
8.3.2.2.4. By Phase
8.3.2.2.5. By Insulation
8.3.3. Japan Power & Distribution Transformer Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Rating
8.3.3.2.3. By End User
8.3.3.2.4. By Phase
8.3.3.2.5. By Insulation
8.3.4. South Korea Power & Distribution Transformer Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Rating
8.3.4.2.3. By End User
8.3.4.2.4. By Phase
8.3.4.2.5. By Insulation
8.3.5. Australia Power & Distribution Transformer Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Rating
8.3.5.2.3. By End User
8.3.5.2.4. By Phase
8.3.5.2.5. By Insulation
8.3.6. Singapore Power & Distribution Transformer Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Type
8.3.6.2.2. By Rating
8.3.6.2.3. By End User
8.3.6.2.4. By Phase
8.3.6.2.5. By Insulation
8.3.7. Malaysia Power & Distribution Transformer Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Type
8.3.7.2.2. By Rating
8.3.7.2.3. By End User
8.3.7.2.4. By Phase
8.3.7.2.5. By Insulation
9. Europe Power & Distribution Transformer Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Rating
9.2.3. By End User
9.2.4. By Phase
9.2.5. By Insulation
9.2.6. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Power & Distribution Transformer Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Rating
9.3.1.2.3. By End User
9.3.1.2.4. By Phase
9.3.1.2.5. By Insulation
9.3.2. United Kingdom Power & Distribution Transformer Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Rating
9.3.2.2.3. By End User
9.3.2.2.4. By Phase
9.3.2.2.5. By Insulation
9.3.3. France Power & Distribution Transformer Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Rating
9.3.3.2.3. By End User
9.3.3.2.4. By Phase
9.3.3.2.5. By Insulation
9.3.4. Russia Power & Distribution Transformer Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Type
9.3.4.2.2. By Rating
9.3.4.2.3. By End User
9.3.4.2.4. By Phase
9.3.4.2.5. By Insulation
9.3.5. Spain Power & Distribution Transformer Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Type
9.3.5.2.2. By Rating
9.3.5.2.3. By End User
9.3.5.2.4. By Phase
9.3.5.2.5. By Insulation
9.3.6. Poland Power & Distribution Transformer Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Type
9.3.6.2.2. By Rating
9.3.6.2.3. By End User
9.3.6.2.4. By Phase
9.3.6.2.5. By Insulation
9.3.7. Italy Power & Distribution Transformer Market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Type
9.3.7.2.2. By Rating
9.3.7.2.3. By End User
9.3.7.2.4. By Phase
9.3.7.2.5. By Insulation
9.3.8. Denmark Power & Distribution Transformer Market Outlook
9.3.8.1. Market Size & Forecast
9.3.8.1.1. By Value
9.3.8.2. Market Share & Forecast
9.3.8.2.1. By Type
9.3.8.2.2. By Rating
9.3.8.2.3. By End User
9.3.8.2.4. By Phase
9.3.8.2.5. By Insulation
10. South America Power & Distribution Transformer Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Rating
10.2.3. By End User
10.2.4. By Phase
10.2.5. By Insulation
10.2.6. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Power & Distribution Transformer Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Rating
10.3.1.2.3. By End User
10.3.1.2.4. By Phase
10.3.1.2.5. By Insulation
10.3.2. Argentina Power & Distribution Transformer Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Rating
10.3.2.2.3. By End User
10.3.2.2.4. By Phase
10.3.2.2.5. By Insulation
10.3.3. Colombia Power & Distribution Transformer Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Rating
10.3.3.2.3. By End User
10.3.3.2.4. By Phase
10.3.3.2.5. By Insulation
10.3.4. Peru Power & Distribution Transformer Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Type
10.3.4.2.2. By Rating
10.3.4.2.3. By End User
10.3.4.2.4. By Phase
10.3.4.2.5. By Insulation
10.3.5. Chile Power & Distribution Transformer Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Type
10.3.5.2.2. By Rating
10.3.5.2.3. By End User
10.3.5.2.4. By Phase
10.3.5.2.5. By Insulation
11. Middle East & Africa Power & Distribution Transformer Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Rating
11.2.3. By End User
11.2.4. By Phase
11.2.5. By Insulation
11.2.6. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Power & Distribution Transformer Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Type
11.3.1.2.2. By Rating
11.3.1.2.3. By End User
11.3.1.2.4. By Phase
11.3.1.2.5. By Insulation
11.3.2. South Africa Power & Distribution Transformer Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Type
11.3.2.2.2. By Rating
11.3.2.2.3. By End User
11.3.2.2.4. By Phase
11.3.2.2.5. By Insulation
11.3.3. UAE Power & Distribution Transformer Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Type
11.3.3.2.2. By Rating
11.3.3.2.3. By End User
11.3.3.2.4. By Phase
11.3.3.2.5. By Insulation
11.3.4. Israel Power & Distribution Transformer Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Type
11.3.4.2.2. By Rating
11.3.4.2.3. By End User
11.3.4.2.4. By Phase
11.3.4.2.5. By Insulation
11.3.5. Turkey Power & Distribution Transformer Market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Type
11.3.5.2.2. By Rating
11.3.5.2.3. By End User
11.3.5.2.4. By Phase
11.3.5.2.5. By Insulation
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Company Profiles
14.1. ABB Ltd.
14.1.1. Business Overview
14.1.2. Key Revenue and Financials
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Services
14.2. Crompton Greaves Ltd.
14.2.1. Business Overview
14.2.2. Key Revenue and Financials
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Services
14.3. Hitachi Ltd.
14.3.1. Business Overview
14.3.2. Key Revenue and Financials
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Services
14.4. Mitsubishi Electric Corporation
14.4.1. Business Overview
14.4.2. Key Revenue and Financials
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Services
14.5. General Electric Corporation
14.5.1. Business Overview
14.5.2. Key Revenue and Financials
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Services
14.6. Siemens AG
14.6.1. Business Overview
14.6.2. Key Revenue and Financials
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Services
14.7. Schneider Electric SE
14.7.1. Business Overview
14.7.2. Key Revenue and Financials
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Services
14.8. TBEA Co., Ltd.
14.8.1. Business Overview
14.8.2. Key Revenue and Financials
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Services
14.9. Eaton Corporation PLC
14.9.1. Business Overview
14.9.2. Key Revenue and Financials
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Services
14.10. Toshiba Corporation
14.10.1. Business Overview
14.10.2. Key Revenue and Financials
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Services
14.11. Bharat Heavy Electricals Limited
14.11.1. Business Overview
14.11.2. Key Revenue and Financials
14.11.3. Recent Developments
14.11.4. Key Personnel
14.11.5. Key Product/Services
14.12. Hyundai Heavy Industries Co. Ltd.
14.12.1. Business Overview
14.12.2. Key Revenue and Financials
14.12.3. Recent Developments
14.12.4. Key Personnel
14.12.5. Key Product/Services
14.13. Hyosung Corporation
14.13.1. Business Overview
14.13.2. Key Revenue and Financials
14.13.3. Recent Developments
14.13.4. Key Personnel
14.13.5. Key Product/Services
14.14. Baoding Tianwei Baobian Electric Co., Ltd.
14.14.1. Business Overview
14.14.2. Key Revenue and Financials
14.14.3. Recent Developments
14.14.4. Key Personnel
14.14.5. Key Product/Services
14.15. Wilson Transformer Company Pty Ltd
14.15.1. Business Overview
14.15.2. Key Revenue and Financials
14.15.3. Recent Developments
14.15.4. Key Personnel
14.15.5. Key Product/Services
14.16. Hammond Power Solutions Inc.
14.16.1. Business Overview
14.16.2. Key Revenue and Financials
14.16.3. Recent Developments
14.16.4. Key Personnel
14.16.5. Key Product/Services
14.17. JiangSu HuaPeng Transformer Co., Ltd.
14.17.1. Business Overview
14.17.2. Key Revenue and Financials
14.17.3. Recent Developments
14.17.4. Key Personnel
14.17.5. Key Product/Services
14.18. Zaporozhtransformator PJSC
14.18.1. Business Overview
14.18.2. Key Revenue and Financials
14.18.3. Recent Developments
14.18.4. Key Personnel
14.18.5. Key Product/Services
14.19. China XD Electric Co., Ltd.
14.19.1. Business Overview
14.19.2. Key Revenue and Financials
14.19.3. Recent Developments
14.19.4. Key Personnel
14.19.5. Key Product/Services
14.20. Kirloskar Electric Company Limited
14.20.1. Business Overview
14.20.2. Key Revenue and Financials
14.20.3. Recent Developments
14.20.4. Key Personnel
14.20.5. Key Product/Services
15. Strategic Recommendations16. About the Publisher & Disclaimer

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB Ltd.
  • Crompton Greaves Ltd.
  • Hitachi Ltd.
  • Mitsubishi Electric Corporation
  • General Electric Corporation
  • Siemens AG
  • Schneider Electric SE
  • TBEA Co., Ltd.
  • Eaton Corporation PLC
  • Toshiba Corporation
  • Bharat Heavy Electricals Limited
  • Hyundai Heavy Industries Co. Ltd.
  • Hyosung Corporation
  • Baoding Tianwei Baobian Electric Co., Ltd.
  • Wilson Transformer Company Pty Ltd
  • Hammond Power Solutions Inc.
  • JiangSu HuaPeng Transformer Co., Ltd.
  • Zaporozhtransformator PJSC
  • China XD Electric Co., Ltd.
  • Kirloskar Electric Company Limited

Table Information

Report AttributeDetails
No. of Pages190
PublishedSeptember 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 50.92 Billion
Forecasted Market Value ( USD ) by 2028 $ 80.31 Billion
Compound Annual Growth Rate7.5%
Regions CoveredGlobal

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