Press release
Power Transformer Market grow at 4.6% CAGR from 2021 - 2031
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Focus on upgrading the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable supply of power will emerge as a chief growth driver.
Transformers are critical component in power transmission system as their main function is to receive power with low voltage and transmit it across various distribution channels in power grid. Increasing demand for electricity, increasing investment to expand transmission and distribution network will drive the power transformer market growth in upcoming years.
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Key Points Covered in Power Transformer Market Study
• Market estimates and forecast 2021 – 2031
• Key drivers and restrains impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competitive Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact On Power Transformer Market
• Recommendation on Key Winning Strategies
Competitive Landscape
Future Market Insights (FMI) states that ABB, General Electric, Siemens AG, Toshiba Corporation, and Schneider Electric are the top five market players operating in power transformer market. They collectively account for more than 35% of global market share in 2021.
ABB, General Electric, Schneider Electric, Siemens AG, Eaton, and Kirloskar Electric.
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By Segment:
By Product Type:
• Core
• Shell
By Insulation Type:
• Dry
• Wet
By Phase Type:
• Single Phase
• Three Phase
By End Use:
• Residential & Commercial
• Utilities
• Industrial
By Voltage Type:
• 100-200kV
• 200-400 kV
• Above 400 kV
By Application Type:
• Generation Step-up
• Transmission
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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