According to a market report by Lucintel, the future of the global digital power transformer market looks promising with opportunities in the power station, substation, and transmission station markets. The global digital power transformer market is expected to grow with a CAGR of 8.1% from 2025 to 2031. The major drivers for this market are increase in renewable energy integration, rising power consumption, and growing focus on grid modernization.
A more
than 150-page report to understand trends, opportunity and forecast in global digital
power transformer market to 2031 by type (single phase and three phase),
application (power station, substation, transmission station, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, three phase is expected to witness
higher growth over the forecast period due to its ability for large-scale power
generation.
Within the
application category, substation is expected to witness the highest growth.
Download
sample by clicking on digital
power transformer market.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Hitachi
Energy, ABB, Siemens, GE, SGB-SMIT, Mitsubishi Electric, Toshiba, SPX
Transformer Solutions, CG Power and Industrial Solutions, Hyosung are the major
suppliers in the digital power
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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