Press release
Strong Economic Growth Fuels Demand For Low-Power Transformers: Key Factor Driving The Growth In The Low Power Transformers Market
Low Power Transformers
What Is the Expected Low Power Transformers Market Size During the Forecast Period?
The low power transformers market has experienced notable growth in recent years. It is set to grow from $38.06 billion in 2024 to $41.35 billion in 2025, at a CAGR of 8.6%. The growth drivers include the demand for electrical distribution, infrastructure development, technological advancements, and regulatory compliance.
The low power transformers market is expected to experience strong growth in the next few years. It will grow to $53.51 billion in 2029, at a compound annual growth rate (CAGR) of 6.7%. The growth is attributed to renewable energy integration, electrification, digital technologies, and electric vehicle charging infrastructure. Key trends include smart grids, eco-friendly materials, smart home tech, and education and training.
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What Are the High-Growth Segments in the Low Power Transformers Market?
The low power transformers market covered in this report is segmented -
1) By Product Type: Split-Core, Solid-Core
2) By Cooling Method: Oil-Cooled, Air-Cooled
3) By Applications: Power Plants, Factory, Other Applications
Subsegments:
1) By Split-Core: Open Split-Core Transformers, Encapsulated Split-Core Transformers
2) By Solid-Core: Ferrite Core Transformers, Laminated Core Transformers
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What Key Drivers Are Expected to Influence Future Low Power Transformers Market Growth?
The low power transformers market is being driven by rapid development in emerging markets. Growth in these regions is supported by rising disposable income, political stability, and increased foreign investments. According to the OECD, the global economy was projected to grow by 3.0% in 2023. This economic strength is driving demand for electrical products and, in turn, boosting the low power transformers market.
Which Companies Hold the Largest Share Across Different Low Power Transformers Market Segments?
Major companies operating in the low power transformers market include Osram GmbH, Schneider Electric SE, Rockwell Automation Inc., Dechang Electronics Co. Ltd., Leviton Manufacturing Co. Inc., Plitron Manufacturing Inc., Hobut Holdings Limited, TDK Corporation, Murata Manufacturing Co. Ltd., API Technologies Corp., TE Connectivity Ltd., Phoenix Contact GmbH & Co. KG, ABB Ltd, Littelfuse Inc., Zelisko Limited, GE Grid Solutions LLC, Qualitrol Company LLC, Horstmann GmbH, Weidmüller Interface GmbH & Co. KG, TT Electronics plc, Vishay Intertechnology Inc., Dachi Electric Co. Ltd., State Grid Luneng Group Co. Ltd., Tianwei Baobian Electric Co. Ltd., Hyosung Corporation, Crompton Greaves Limited, Bharat Heavy Electricals Limited, SPX Transformer Solutions Inc., Jiangsu Huapeng Transformer Co. Ltd., Hammond Power Solutions Inc., SolaHD, Acme Electric Corp., Jefferson Electric Inc., Marcus Transformer Ltd.
What Are the Latest Developing Trends in the Low Power Transformers Market?
Companies in the low-power transformer market are developing compact, efficient models to strengthen their market presence. In October 2024, Bourns Inc. released an AEC-Q200 compliant isolation transformer with high-creepage, optimized for automotive and industrial use, operating on a 12V supply and compatible with SiC, IGBT, and GaN technologies.
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What Are the Emerging Geographies for The Low Power Transformers Market Growth?
Asia-Pacific was the largest region in the low power transformers market in 2023. Western Europe is the second-largest region in the low power transformers market. The regions covered in the low power transformers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Low Power Transformers Market?
2. What is the CAGR expected in the Low Power Transformers Market?
3. What Are the Key Innovations Transforming the Low Power Transformers Industry?
4. Which Region Is Leading the Low Power Transformers Market?
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