Global Power Transformers Market Growth 2023-2029

Global Power Transformers Market Growth 2023-2029

Product Code:456987

Published Date: Feb 08,2023

Pages: 126

Region: Global

Category: Energy & Power

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LPI (LP Information)' newest research report, the “Power Transformers Industry Forecast” looks at past sales and reviews total world Power Transformers sales in 2022, providing a comprehensive analysis by region and market sector of projected Power Transformers sales for 2023 through 2029. With Power Transformers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Transformers industry.

This Insight Report provides a comprehensive analysis of the global Power Transformers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Transformers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Power Transformers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Transformers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Transformers.

The global Power Transformers market size is projected to grow from US$ 903.4 million in 2022 to US$ 1278.3 million in 2029; it is expected to grow at a CAGR of 1278.3 from 2023 to 2029.

The main global Power Transformer players include Hitachi ABB Power Grids, TBEA, Siemens, China XD Group, SGB-SMIT, etc. The top five Power Transformer players account for approximately 32% of the total market. China is the largest consumer market for Power Transformer, accounting for about 57%, followed by Europe and India. In terms of type, Oil-Immersed Transformer is the largest segment, with a share about 90%. And in terms of application, the largest application is 110-220KV, followed by 35-110KV.

This report presents a comprehensive overview, market shares, and growth opportunities of Power Transformers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Dry-Type Transformer
    Oil-Immersed Transformer

Segmentation by application
    35-110KV
    110-220KV
    220-330KV
    330-550KV
    550-750KV

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Hitachi ABB Power Grids
    TBEA
    Siemens
    China XD Group
    SGB-SMIT
    Mitsubishi Electric Group
    Baoding Tianwei Group Tebian ElectricCo., Ltd
    Jiangsu Huapeng Group Co., Ltd.
    Toshiba
    Shandong Electrical Engineering & Equipment Group Co., Ltd
    GE
    SPX
    Wujiang Transformer Co., Ltd.
    Nanjing Liye Power Transformer Co., Ltd.
    Shandong Taikai Transformer Co., Ltd.
    Crompton Greaves
    Hyosung
    Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd
    Shandong Dachi Electric Co., Ltd
    ZTR
    Weg
    Hyundai Electric
    CHINT
    Harbin Special Transformer Factory Co., Ltd.
    Schneider Electric
    Sanbian Sci-Tech Co., Ltd.
    Hangzhou Qiantang Riever Electric Group Co., Ltd.
    Alstom
    Efacec
    Fuji Electric

Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Transformers market?
What factors are driving Power Transformers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Transformers market opportunities vary by end market size?
How does Power Transformers break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?