According to a market report by Lucintel, the future of the global centralised transformer equipment market looks promising with opportunities in the power transformer and distribution transformer markets. The global centralised transformer equipment market is expected to grow with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are rapid urbanization and electrification, rising adoption of renewable energy sources, and increasing focus on sustainability.
In this market, online and offline are the major segments of centralised
transformer equipment market by type.
Lucintel forecasts that online is expected to witness higher growth over
the forecast period as it ensures improved efficiency, reliability, and
data-driven insights.
Within this market, power transformer will remain the largest segment due
to rising number of grid modernization intiatives, integration of renewable
energy like wind and solar power, and increasing trends of electrification.
Download sample by clicking on centralised
transformer equipment market.
APAC is expected to witness highest growth over the forecast period due
to rapid urbanization and increasing investments in renewable energy sources,
such as winde, solar, and hydropower.
GE, ABB, Siemens, Eaton, and Mitsubishi are the major suppliers in the
centralised transformer equipment 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.
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. 972.636.5056
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