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Global Transformer Market Growth 2022-2028

SKU ID : LPI-21207556 | Publishing Date : 05-Jul-2022 | No. of pages : 122

As the global economy mends, the 2021 growth of Transformer will have significant change from previous year. According to our (researcher) latest study, the global Transformer market size is USD million in 2022 from USD 22090 million in 2021, with a change of % between 2021 and 2022. The global Transformer market size will reach USD 29160 million in 2028, growing at a CAGR of 4.0% over the analysis period 2022-2028.

The United States Transformer market is expected at value of US$ million in 2021 and grow at approximately % CAGR during forecast period 2022-2028. China constitutes a % market for the global Transformer market, reaching US$ million by the year 2028. As for the Europe Transformer landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 6-year period.

Global main Transformer players cover Tbea, China XD Electric, Hitachi Energy (ABB), and Huapeng Transformer, 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 Transformer 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

Oil Immersed Transformer

Dry-type Transformer

Others

Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.

Power Industry

Metallurgical Industry

Rail

Municipal Construction

Petrochemical Industry

New Energy (Photovoltaic, Wind Power, etc.)

Others

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

Tbea

China XD Electric

Hitachi Energy (ABB)

Huapeng Transformer

Siemens

SDEE

Shandong Dachi Electric

Toshiba

Jinpan Technology

Sanbian Sci-Tech

Hangzhou Qiantang Riever Electric Group

Sunten Electrical Equipment

BTW

Jiangxi Transformer Science

State Grid Yingda

Creative Distribution Automation

Sojo

Guangzhou Baiyun Electric

Jiangsu Yangdong Electric

Wolong

Shenda Electric

Schneider

Wujiang Transformer

Eaglerise Electric & Electronic

Beijing Hezong Science

Frequently Asked Questions

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
  • By product type
  • By End User/Applications
  • By Technology
  • By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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