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Power Transformers - Global Market Trajectory & Analytics

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    Report

  • 761 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2498175

Global Power Transformers Market to Reach $34.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Power Transformers estimated at US$23.6 Billion in the year 2020, is projected to reach a revised size of US$34.2 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027. Oil Immersed, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$21.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dry Type segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.7 Billion, While China is Forecast to Grow at 7% CAGR

The Power Transformers market in the U.S. is estimated at US$4.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$7.4 Billion by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 93 Featured) -

  • ABB Limited
  • ASTOR TRANSFORMER A.S
  • Bharat Heavy Electricals Limited
  • Bowers Electricals Ltd.
  • CG Power and Industrial Solutions Limited
  • DAIHEN Corporation
  • EFACEC Group
  • GE Grid Solutions
  • Hammond Power Solutions, Inc.
  • Howard Industries, Inc.
  • Hyosung Heavy Industries
  • Hyundai Electric & Energy Systems Co., Ltd.
  • Imefy Group
  • JSHP Transformer
  • Kirloskar Electric Company Limited
  • KONCAR Group
  • Mitsubishi Electric Corporation
  • Olsun Electrics Corporation
  • Schneider Electric SA
  • SGB-SMIT Group
  • Shihlin Electric & Engineering Corporation
  • Siemens AG
  • SPX Transformer Solutions, Inc.
  • TBEA Co., Ltd.
  • Toshiba Energy Systems & Solutions Corporation
  • Wilson Power Solutions
  • Wilson Transformer Company
  • Winder Power Ltd.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Power Transformers: The Power to Manage Power with Greater Reliability, Efficiency, Resilience, and Durability
  • Market Fortunes Intrinsically Linked to Power T&D Equipment Industry
  • Worldwide Sales of Power T&D Equipment (in US$ Billion) for Years 2014, 2019, and 2024P
  • Percentage Breakdown of Power T&D Equipment Sales (Value) for US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World (2019)
  • World Power T&D Equipment Market by Product Segment (2019): Percentage Breakdown of Value Sales for Transformers, Switchgear and Others
  • Surge in Energy Consumption and Resulting Expansion in Power Production and T&D Investments
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Transformations in Power Transmission Technology over the Years
  • Steady Growth Projected for Power Transformers
  • Developing Regions Emerge as Core Markets Amid Rising Power Infrastructure Spending
  • Estimated Global Power Generation Infrastructure Requirement (US$ Billion) for China, India and Latin America Over the Period 2010-2030
  • Aging Power Transformer Fleet Underscores Need for Replacement and Upgrades in Developed Regions
  • COMPETITIVE LANDSCAPE
  • Power Transformers: A Consolidated Marketplace
  • ABB Dominates the High Voltage Power Transmission Market
  • Leading Players in the World High Power Transmission Equipment, Systems and Services Market (2019): Percentage Market Share Breakdown for ABB Ltd., Siemens, TBEA, and Others
  • Competitive Pressures Continue to Build Up in Power Transformers Business
  • Intense Competition Necessitates M&A
  • Power Transformers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Utility Investments in Power Infrastructure for Transitioning to the Smart Grid Standard Drive Healthy Market Growth
  • Global Market for Smart Grids (in US$ Billion) for the Years 2018 and 2020
  • Global Investments in Smart Grids by Category (2019): Percentage Breakdown of Dollar Investments for Advanced Metering Infrastructure (AMI) Distribution Automation, Networks Operations Software, Transmission Modernization, and Others
  • Power Infrastructure to Experience Considerable Transformation Driven by Modern Technology and Renewables
  • Wind Power Makes Robust Progress within the Renewables Sector
  • Global Wind Power Installed Capacity (In GW) for the Years 2015 -2022
  • Global Installed Wind Power Capacity (2018): Percentage Breakdown of Cumulative Installed Capacity by Geographic Region
  • Solar Power Emerges as Reliable Renewable Energy Source
  • Microgrids Ease Network Burden
  • Utilities Bet on Big Data
  • Renewable Energy: A Statistical Perspective
  • Global Investments in Renewable Energy (2007-2017): Breakdown of New Investments (US$ Billion) for China, India & Brazil; Other Developing; and Developed Countries
  • Global Investments in Renewable Energy by Sector (2017): Breakdown of New Investments (US$ Billion) for Biofuels, Biomass & Waste-to-Energy, Geothermal, Marine, Small Hydro, Solar, and Wind
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Myriad Benefits and Superior Attributes over Traditional Transformers Drive Strong Demand for Smart Transformers
  • Global Smart Transformers Market - Annual Revenue Figures in US$ Million for Years 2014, 2016, 2018 & 2020P
  • Smart Transformers for Smarter Power Transmission and Distribution
  • Traditional Vs. Smart Transformers: A Comparison
  • Growing Prominence of Smart Cities and Smart Homes of the Future Necessitates Highly Capable Power T&D Networks
  • Connected Things in Smart Cities: Installed Base (in Million) by Segment for 2015 and 2019
  • Growing Number of Smart Homes Catalyzes the Creation of Smart Cities: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Growing Adoption of Connected Home Equipment Supported by Expanding Digital Lifescape to Benefit Growth of Smart Homes: Percentage Breakdown of Global Smart Home Market by Technology for the 2018 and 2022
  • Global Home Automation Revenues in US$ Million by Geographic Region for 2018 and 2024
  • Technology Improvements and Product Innovations Spearhead Market Expansion
  • SGB-SMIT's Smart Transformers
  • ABB Ability™ Power Transformer
  • Self-Cooling Transformers from ABB
  • Siemens' Ester Fluid-based Phase Shifting Power Transformer
  • Hybrid Power Transformers Technology
  • Energy Efficient and Eco-Friendly Power Transformers
  • Wireless Power Transmission
  • Innovative Alternative Fluids
  • Design Innovation in Large Power Transformers (LPTs)
  • Dryformers by ABB
  • Superconductor Based Power Transformers
  • HTS Transformers: Energy Efficient, Lightweight, and Small Sized
  • Gas-Insulated Power Transformers
  • Future for Gas-Insulated Transformers Appears Bright
  • IEC Standards for Gas-Insulated Transformers
  • Powerformer: A Superior Replacement for Step-Up Transformer
  • Innovative On-load Tap Changers (OLTCs) Improves Reliability and Safety
  • Stabilizing Regulatory Environment Augurs Well
  • Proposed/Approved Standards for Transformers in Select Countries
  • Demographic and Socio-Economic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Exponential Increase in Urban Dwellers
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Massive Increase in Building and Infrastructure Investments
  • Global Construction Output by Region (2022): Breakdown of Construction Output (US$ Billion) and Percentage Change over 2018-2022
  • Global Infrastructure Spending Estimates (Percentage of GDP) by Region
  • Stable Economic Scenario Augurs Well for Power Transformers Market
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Power Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Power Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Power Transformers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Oil Immersed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Oil Immersed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Oil Immersed by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Dry Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Dry Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Dry Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for 100 MVA - 500 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for 100 MVA - 500 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for 100 MVA - 500 MVA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for 501 MVA - 800 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for 501 MVA - 800 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for 501 MVA - 800 MVA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for 801 MVA - 1200 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for 801 MVA - 1200 MVA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for 801 MVA - 1200 MVA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Residential & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Residential & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Residential & Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Need to Replace and Upgrade Aging T&D Infrastructure Drive Market Growth
  • Transmission & Distribution Spending ($ Billion) in the United States: 1990-2009 & 2010-2030P
  • Major Growth Drivers Summarized
  • Inadequate and Aging T&D Infrastructure
  • Failure of Vital Systems during Storms Resulting in Power Outages
  • Need for Reliable Power Supply
  • Regulatory Landscape
  • Demand for Outsourced Providers
  • Focus on Renewable Energy Generation
  • Proliferation of Oil & Gas Production
  • Transition from Coal to Natural Gas Generation
  • Expanding Smart Grid Infrastructure Boosts Demand for Smart Transformers
  • Smart Transformers to Enhance Flexibility and Cleanliness of Electrical Grids
  • Replacement Demand to Drive Spending on Larger Power Transformers (LPTs)
  • US Transmission & Distribution Spending for the Period 2011-2035: Percentage (%) Breakdown of Spending for New Equipment and Replacements
  • Burgeoning Electricity Demand Provides the Perfect Platform for Market Adoption
  • Electricity Demand (Billion KWh) in the United States: 1980-2040
  • Rapidly Evolving Role of Renewable Energy in Power Sector Supports Growth
  • US Net Electricity Generation by Energy Source (2000, 2010, 2020, 2030 & 2040): Breakdown of Electricity Generation (Billion Kilowatt-hours) from Coal, Natural Gas, Nuclear, Petroleum, and Renewable Energy
  • Industrial & Electric Utilities: Dominant End-use Sectors for T&D Equipment
  • Electric Power T&D Equipment Market in the US by End-use Sector (2019): Percentage Breakdown of Value Demand for Residential, Commercial, Electric Utilities Industrial and Others
  • Energy Consumption in the United States (2008, 2016 & 2020P): Breakdown of Electricity Consumption (in Billion Kilowatt Hours) by Key End-Use Industries - Residential, Commercial, and Industrial
  • Presence of Leading Suppliers in Medium and Large Power Transformers Company Medium Transformers Large Transformers
  • Electric Utilities to Benefit from Energy-Related Technology Disruptions in Silicon Valley
  • US T&D Infrastructure: A Macro Perspective
  • Power T&D Equipment Sales in the US (in US$ Million) for Years 2014, 2019, and 2024P
  • US Power T&D Equipment Market (2019): Percentage Breakdown of Dollar Sales for Transformers, Switchgears, and Others
CANADA
JAPAN
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Recent Energy Sector Transformation and Focus on Renewable Energy Sustain Market Growth
  • Japan's Power Generation by Energy Source (2005, 2015, and 2030): Percentage Breakdown for Coal-fired Thermal Power, Gas-fired Thermal Power, Nuclear Power, Oil-fired Thermal Power, and Renewable Energy
CHINA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Government Efforts to Address the Country's Power Requirements Drive Strong Market Growth
  • Electricity Consumption in China: 2006-2016 (in TWh)
  • The Northwest and Southeast China to Bolster the Demand for Electric T&D Equipment
  • Industry Moves towards High-Voltage Transformers
  • Issues Persist in the Chinese Transformer Industry
  • Chinese Transformers Industry: Highly Competitive at the Lower End
  • Leading Transformer Companies in China (2019): Percentage Market Share Breakdown for ABB, Baoding, TBEA, XD Electric and Others
  • Chinese Vendors Eye Overseas Markets
  • Transformers - Regulatory Scenario
EUROPE
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Europe: A Mature yet Growing Market
  • Smart Grids to Drive Next Wave of Growth
  • EU Proposes New Ecodesign Energy Efficiency Standard for Transformers
  • PowerGrid Program to Redefine Future of Power Transmission
FRANCE
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Asia-Pacific: The Largest and the Fastest Growing Regional Market
  • Percentage (%) Share of Asia-Pacific in the World Power Transformers Sales (2019 & 2025P)
  • China and India Instigate Large-Scale Opportunities
  • Rural Electrification in Asian Countries Promotes Market Expansion
  • Railway Electrification & High-Speed Railway Projects Augment Addressable Market
AUSTRALIA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • India - A Market Laden with Opportunities
  • Government's Power-for-All Initiatives to Drive Demand
  • CEA's National Electricity Plan (NEP) Indicates Robust Requirement
  • The Indian Electrical Equipment Industry: A Macro Perspective
  • Competitive Landscape
  • Indian Transformers Market: A Peek into Market Tiers
  • Leading Players in the Indian Transformers Market (2019): Percentage Breakdown of Production Capacities for ABB, Baoding Tianwei, BHEL, Crompton Greaves (CG), GE Power India, Siemens,TBEA, Transformers & Rectifiers India, and Others
  • India Growing Into a Major Global Export Hub for Transformers
  • Opportunities Galore for Indian Transformer Manufacturers
  • Overseas Players Keenly Eye Indian Shores, Market Headed for Consolidation
  • Vendors Seek Higher Government Involvement in R&D and Testing & Evaluation
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINA
BRAZIL
  • Increased Investments in Power T&D Infrastructure Augurs Well
  • Growing Concerns over Grid Network Congestion
MEXICO
  • Mexico: A Niche Regional Market
REST OF LATIN AMERICA
MIDDLE EAST
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Energy Infrastructure Needs in the Middle East Drive Market Growth
  • Upgrade of Electric Power and Distribution Infrastructure Drive Demand in Saudi Arabia
  • Saudi Arabia's Ambitious Solar Energy Plans to Boost Smart Grids
  • Energy Challenges Open Avenues for Huge Investment Opportunities in Africa
  • Urgent Need to Provide Proper Access to Electricity: Primary Demand Driver
  • Growing Investments in Large-Scale Power Infrastructure Projects Bodes Well
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Power Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 93

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Limited
  • ASTOR TRANSFORMER A.S
  • Bharat Heavy Electricals Limited
  • Bowers Electricals Ltd.
  • CG Power and Industrial Solutions Limited
  • DAIHEN Corporation
  • EFACEC Group
  • GE Grid Solutions
  • Hammond Power Solutions, Inc.
  • Howard Industries, Inc.
  • Hyosung Heavy Industries
  • Hyundai Electric & Energy Systems Co., Ltd.
  • Imefy Group
  • JSHP Transformer
  • Kirloskar Electric Company Limited
  • KONCAR Group
  • Mitsubishi Electric Corporation
  • Olsun Electrics Corporation
  • Schneider Electric SA
  • SGB-SMIT Group
  • Shihlin Electric & Engineering Corporation
  • Siemens AG
  • SPX Transformer Solutions, Inc.
  • TBEA Co., Ltd.
  • Toshiba Energy Systems & Solutions Corporation
  • Wilson Power Solutions
  • Wilson Transformer Company
  • Winder Power Ltd.