According to a market report by Lucintel, the future of the global transformer market looks promising with opportunities in the utilities, industrial, and other markets. The global transformer market is expected to reach an estimated $85 billion by 2030 from $55 billion in 2023 at a CAGR of 7% from 2023 to 2030. The major drivers for this market are smart transformers, digitalization and iot integration, and hvdc transformers.
A more than 150-page report to
understand trends, opportunity and
forecast in transformer market to 2030 by transformer type (power transformer,
distribution transformer, and specialty transformer), voltage (high, medium,
and low), end use (utilities, industrial, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that industrial will remain the largest segment over the forecast
period.
Within
this market, distribution transformer is expected to witness the highest
growth.
Download
sample by clicking on transformer market.
Siemens
AG, ABB, General Electric Company, Mitsubishi Electric Company, Schneider
Electric are the major suppliers in the transformer market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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