Transformer Market Size, Share, Analysis, Applications, Growth Insight, and Future Forecast – 2028

The Transformer Market size is expected to grow at an annual average of CAGR 6% during the forecast period (2022-2028). A transformer is an electrical machine designed to transfer electricity from one circuit to another with varying voltage levels. As an increase in current results in an increase in voltage level, the transformer is designed to bring the required voltage level by setting or stepping the voltage according to the requirement. Transformers are designed to be used in a wider range and wider applications for a variety of industrial purposes with broader market prospects. In power systems, transformers provide safety and efficiency by raising or lowering voltage levels based on requirements.

The following segmentation are covered in this report:

By Winding

• Two Winding
• Auto Transformer

By Core

• Closed
• Shell
• Berry

By Installation

• Outdoor
• Indoor

Company Profile

• Siemens AG
• ABB Ltd
• General Electric Company
• CG Power and Industrial Solutions Ltd
• Hyundai Electric & Energy Systems Co. Ltd
• Toshiba Corp.
• Hyosung Corp.
• Bharat Heavy Electricals Limited
• Schneider Electric SE

Scope of the report

The research study analyses the Transformer Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume