Press release
Transformers Market 2022 : Trends, Business Growth And Major Driving Factors | ABB, General Electric Corporation, Schneider Electric S.A., Mitsubishi Electric Corporation
Transformers Market
The regions covered in the transformers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest transformers share.
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The transformers market consists of sales of transformers and related services which are used in the manufacturing of power, distribution, and specialty transformers. A transformer transfers energy from one circuit to another. Transformers increase or decrease voltage and current level, increase or decrease capacitor value, prevent direct current from passing between two circuits, and isolate circuits.
Key competitors in the transformers market are ABB, General Electric Corporation, Schneider Electric S.A., Mitsubishi Electric Corporation, Schneider Electric, Mitsubishi Electricis, Toshiba Corporation, Siemens, SGB-SMIT, and Hammond Power Solutions.
The global transformers market size is expected to grow from $64.52 billion in 2021 to $70.78 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The transformer market is expected to reach $94.75 billion in 2026 at a CAGR of 7.6%.
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TBRC's report segments the global transformers market:
1) By Type: Low Rated Transformer, High Rated Transformer
2) By Transformer Type: Power Transformer, Distribution Transformer
3) By Phase: Single Phase, Three Phase
4) By Application: Residential and Commercial, Utility, Industrial
Read Further On The Transformers Market Here:
https://www.thebusinessresearchcompany.com/report/transformers-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Transformers Market Characteristics
3. Transformers Market Size And Growth
4. Transformers Market Segmentation
5. Transformers Market Regional And Country Analysis
.....
26. Key Mergers And Acquisitions In The Transformers Market
27. Transformers Market Trends And Strategies
28. Transformers Market Future Outlook and Potential Analysis
29. Appendix
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