Global Lighting Transformer Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Lighting Transformer Market value is expected to reach $1.75 billion growing at a CAGR of 5.6% during 2022-2028.

A lighting transformer is a piece of electrical equipment used to power lighting fixtures by converting the voltage of an electrical circuit to a different voltage level. By altering the voltage going through a circuit and using a transformer, a light may be made brighter or darker. They are often more compact and work at lower temperatures. The power of these transformers is capped at 300 W. The power handling capability of lighting transformers is likewise significantly lower than that of magnetic transformers.
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Europe is projected to have the highest CAGR over the forecast period, owing to increasing investments and supportive government policies. The expansion of lighting transformer markets is anticipated to be fuelled by consumer demand for energy-efficient lighting systems, rising LED usage and improvements in smart lighting technologies in the region.
Some of the key players profiled in the Lighting Transformer Market include ABB Ltd, Siemens AG, Eaton Corporation Plc, Schneider Electric SE, Legrand S.A., General Electric Company, WAGO Kontakttechnik GmbH & Co. KG, Philips Lighting Holding B.V., Acme Electric Corporation, OSRAM Licht AG, SolaHD, Hubbell Incorporated, Lutron Electronics Co. Inc., SNC Manufacturing Co. Inc., Bemag Transformer Inc., Marcus Transformers, Hammond Power Solutions Inc., Tamura Corporation, Trans Power Tech and Noratel AS.
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