Power transformers are electrical instruments used in transmitting electrical power from one circuit to another without changing the frequency. They operate by the principle of electromagnetic induction. They are used in transmitting electrical power between generators and distribution primary circuits. The increasing power demand globally is a key factor driving the global power transformer market.

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The increasing global energy consumption due to population growth, urbanization, and industrialization is a significant driver for the power transformer market. The heightened demand for energy directly correlates with the rising demand for transformers at substations and along transmission lines. The upgradation of aging transmission & distribution infrastructure globally further creates requirements for transformers equipped with enhanced functionality such as high voltage and high current handling capacity to handle increased power flow.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Power Transformer Market by Application

Residential & Commercial
Utilities
Industrial

Global Power Transformer Market by Core

Closed
Shell
Berry

Global Power Transformer Market by Insulation

Gas
Oil
Solid

Global Power Transformer Market by Phase

Single
Three

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa

Company Profiles

Bharat Heavy Electricals Ltd.
CG Power and Industrial
Crompton Greaves Ltd.
Daihen Corp.
EMCO Ltd.
GE Co.
Hitachi Ltd.
Hyundai Heavy Industries Co. Ltd.
Hyosung Power & Industrial Systems Performance Group
Kirloskar Electric Co. Ltd.
Mitsubishi Electric Corp.
Schneider Electric
SGB-SMIT Group
SPX Transformer Solutions Inc
The Kraft Heinz Company
Toshiba Corp.
Voltamp Transformers Ltd.

The Report Covers 

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global power transformer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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