Press release
Transformers Global Market 2024 - Latest Trends, Technological Advancement, Driving Factors And Forecast To 2033
Transformers Global Market
As per the report, the transformers market size has grown strongly in recent years. It will grow from $89.31 billion in 2023 to $95.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The transformers market size is expected to see strong growth in the next few years. It will grow to $119.05 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2746&type=smp
Favorable Government Policies To Increase Electrification Will Contribute To The Growth Of The Transformers Market In The Forecast Period.
Countries around the world are implementing several initiatives to increase electrification across countries. For instance, in September 2021, The U.S. Department of Agriculture announced an investment of $ 464 million to build or improve renewable energy infrastructure to support rural communities. Moreover, in April 2021, according to the Ministry of New and Renewable Energy, the government of India, launched the ""National Programme on High-Efficiency Solar PV Modules"" Production Linked Incentive Scheme with a budget of Rs. 4,500 crores to support and encourage the production of high-efficiency solar PV module. Therefore, favorable government policies to increase electrification will positively impact the growth of the transformers market.
Northern Transformer Corp. Strengthens North American Presence With Strategic Acquisition Of Vrt Power, Enhancing Service, Quality, And Technology In The Utility Industry
In June 2020, Northern Transformer Corp., a Canada-based manufacturer of transformers acquired VRT Power for an undisclosed amount. Through this acquisition, Northern Transformer Corp. aims to provide North American clients with unsurpassed local service, quality, and technology in the utility industry. VRT Power is an Israel-based manufacturer of electrical industrial power transformers.
The transformers market covered in this report is segmented -
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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=2746&type=discount
Major companies operating in the transformers market report are Performance Group Crompton Greaves Ltd., Hammond Power Solutions Inc., Hitachi Ltd., Siemens AG, Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd. , Toshiba Corporation, Eaton Corporation, Alstom Ltd., Emerson Electric Co., Murugappa Group, Bharat Heavy Electricals Limited, Mace Group Ltd., Daihen Corporation, Raychem RPG, SPX Corporation, Fortune Electric Co., Kirloskar Electric Company, Hyundai Heavy Industries Co. Ltd., General Electric Corporation, SGB-SMIT Group, RITZ Instrument Transformers GmbH, Schaffner Holding AG, Banmore Electricals Pvt. Ltd., TRENCH Group, KOTSONS Pvt. Ltd., IMEFY Group, Emco Ltd.
Contents of the report:
1. Executive Summary
2. Transformers Market Report Structure
3. Transformers Market Trends And Strategies
4. Transformers Market - Macro Economic Scenario
5. Transformers Market Size And Growth
…..
27. Transformers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/transformers-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Transformers Global Market 2024 - Latest Trends, Technological Advancement, Driving Factors And Forecast To 2033 here
News-ID: 3584698 • Views: …
More Releases from The Business research company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Transformer
Mobile Transformer Market
Mobile Transformer Market size is estimated to be USD 5.45 Billion in 2024 and is expected to reach USD 9.78 Billion by 2033 at a CAGR of 6.9% from 2026 to 2033.
What are the potential factors contributing to the growth of the mobile transformer market?
The mobile transformer market is experiencing significant growth due to several key factors. Firstly, the increasing demand for reliable and efficient power supply in remote and…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Signal Transformer Market Estimated to a Hike in Growth By Signal Type: Audio Tr …
Acumen Research and Consulting has announced the addition of the "Signal Transformer Market” report to their offering.
The Signal Transformer Market Report 2018 is an in depth study analyzing the current state of the Signal Transformer Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Signal Transformer Market provides analysis of China market covering the industry trends, recent…
Southeast Asia Transformer market :Global Demand Analysis & Opportunity Outlook …
Abstract:
The Southeast Asia Transformer market size is $XX million USD in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million USD by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Request For Free Sample@ https://www.kennethresearch.com/sample-request-10071643
This report is an essential reference for who looks for detailed information on Southeast Asia Transformer market. The report covers data on Southeast Asia…
Global Transformer Cores Market Forecast 2018-2025 Sanbian Sci-Tech, Wujiang Tra …
Market study on Global Transformer Cores 2018 Research Report presents a professional and complete analysis of Global Transformer Cores Market on the current market situation.
Report provides a general overview of the Transformer Cores industry 2018 including definitions, classifications, Transformer Cores market analysis, a wide range of applications and Transformer Cores industry chain structure. The 2018's report on Transformer Cores industry offers the global Transformer Cores development history, development trends…
Transformer Oil Market by Type (Mineral Oil-Based, Silicone Oil-Based, Bio-based …
Transformer oil market sales to reach $3.4 billion by 2020, with the mineral oil-based transformer oil segment to maintain its dominance until 2020. In 2014, the consumption of transformer oils was 1,437.8 million litres across the globe, which is expected to increase at 6.3% from 2015 to 2020.
Transformer oils are electrical insulating oils stable at high temperature, which serves two important functions in a transformer, viz., suppression of arcing and…
