Power transformers are electrical instruments used in transmitting electrical power from one circuit to another without changing the frequency. They operate by the principle of electromagnetic induction. They are used in transmitting electrical power between generators and distribution primary circuits. The increasing power demand globally is a key factor driving the global power transformer market.
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The increasing global energy consumption due to population growth, urbanization, and industrialization is a significant driver for the power transformer market. The heightened demand for energy directly correlates with the rising demand for transformers at substations and along transmission lines. The upgradation of aging transmission & distribution infrastructure globally further creates requirements for transformers equipped with enhanced functionality such as high voltage and high current handling capacity to handle increased power flow.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Power Transformer Market by Application
- Residential & Commercial
- Utilities
- Industrial
Global Power Transformer Market by Core
- Closed
- Shell
- Berry
Global Power Transformer Market by Insulation
- Gas
- Oil
- Solid
Global Power Transformer Market by Phase
- Single
- Three
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Bharat Heavy Electricals Ltd.
- CG Power and Industrial
- Crompton Greaves Ltd.
- Daihen Corp.
- EMCO Ltd.
- GE Co.
- Hitachi Ltd.
- Hyundai Heavy Industries Co. Ltd.
- Hyosung Power & Industrial Systems Performance Group
- Kirloskar Electric Co. Ltd.
- Mitsubishi Electric Corp.
- Schneider Electric
- SGB-SMIT Group
- SPX Transformer Solutions Inc
- The Kraft Heinz Company
- Toshiba Corp.
- Voltamp Transformers Ltd.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power transformer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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