As the global economy mends, the 2021 growth of Power Transformers will have significant change from previous year. According to our (LP Information) latest study, the global Power Transformers market size is USD million in 2022 from USD 903.4 million in 2021, with a change of % between 2021 and 2022. The global Power Transformers market size will reach USD 1278.3 million in 2028, growing at a CAGR of 5.1% over the analysis period.
The United States Power Transformers market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Power Transformers market, reaching US$ million by the year 2028. As for the Europe Power Transformers landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Power Transformers players cover Hitachi ABB Power Grids, TBEA, Siemens, and China XD Group, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Transformers market by product type, application, key manufacturers and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022, in Section 2.3; and forecast to 2028 in section 12.6
Dry-Type Transformer
Oil-Immersed Transformer
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.
35-110KV
110-220KV
220-330KV
330-550KV
550-750KV
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market, include
Hitachi ABB Power Grids
TBEA
Siemens
China XD Group
SGB-SMIT
Mitsubishi Electric Group
Baoding Tianwei Group Tebian ElectricCo., Ltd
Jiangsu Huapeng Group Co., Ltd.
Toshiba
Shandong Electrical Engineering & Equipment Group Co., Ltd
GE
SPX
Wujiang Transformer Co., Ltd.
Nanjing Liye Power Transformer Co., Ltd.
Shandong Taikai Transformer Co., Ltd.
Crompton Greaves
Hyosung
Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd
Shandong Dachi Electric Co., Ltd
ZTR
Weg
Hyundai Electric
CHINT
Harbin Special Transformer Factory Co., Ltd.
Schneider Electric
Sanbian Sci-Tech Co., Ltd.
Hangzhou Qiantang Riever Electric Group Co., Ltd.
Alstom
Efacec
Fuji Electric