Lucintel Forecasts the Global Transformer Market to Reach $85 billion by 2030
Lucintel Forecasts the Global Transformer Market to Reach $85 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global transformer market looks promising with opportunities in the utilitie, industrial, and other markets. The global transformer market is expected to reach an estimated $85 billion by 2030 from $55.4 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.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics 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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