#market

Croatia, Zagreb: Croatian electrical equipment manufacturer KONČAR Group has published its business results for Q1 2023.

Pad-mounted transformer market size is set to exceed $38 B by 2032, according to a research report by Global Market Insights Inc.

The global market for distribution transformers estimated at $18.1 B in 2022, is estimated to reach $27.8 B by 2030, growing at a CAGR of 5.5 %.

The global market for transformer monitoring systems is expected to reach $5.3 B by 2030, at a CAGR of 8.5 %.

According to a new report by Vantage Market Research, the global smart transformers market, valued at $2.19 B in 2021 is projected to reach $4.55 B by 2028.

The Power Transformers Market, valued at $34.6 B in 2022, is about to undergo substantial growth according to a recent market research report.

A high demand for transformers is creating new growth frontiers in the transformer market.

Sweden, Stockholm: Nynas is now taking strategic steps to strengthen its competitiveness in core markets.

The digital substation market size was valued at $6.5 B -n 2021 and is expected to be worth $14.11 B by 2032, growing at a 7.3 % CAGR from 2022 to 2032.

The large power transformer market is expected to register a CAGR of more than 5.2 % during the forecast period (2022-2027).

The global transformer core market size was valued at $8.9 B in 2020, and is projected to reach $13.5 B by 2030, growing at a CAGR of 4.3 % from 2020 to 2030.

According to a report by Allied Market Research, the global transformer core industry was estimated at $8.9 B in 2020, and is expected to reach $13.5 B by 2030.

Distribution transformers market size that was estimated at $16.57 B in 2020 is projected to grow at a CAGR of 6.80 % from 2021 to 2029 and reach $27.90 B by 2028.

Germany, Gelsenkirchen: thyssenkrupp presented the CO2-reduced sustainable base material for energy transition.

Power transformers are the heart and soul of electricity grids

Croatia, Zagreb: KONČAR – Distribution & Special Transformers (D&ST) has recently signed an agreement with a Spanish electricity distributor.

E-mobility is expected to have a dramatic impact, not only on the car industry but on the entire economy.

Monitoring data can be used for maintenance, operation, controlled overloading, asset management in combination with offline diagnostic data, etc.

Ongoing refurbishment of ageing grid and global demand for uninterrupted electricity supply have instigated the installation of transformers.

According to the report published by Allied Market Research, the US cast-resin transformer market was pegged at $574.2 M in 2020.

The “Solid state transformer market: Global opportunity analysis and industry forecast, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

Global solid state transformer market was valued at $141.5 M in 2020, and is projected to reach $468.0 M by 2028, according to Allied Market Research.

Allied Market Research recently published a report on dry-type transformer market 2020-2027.

The power transformer market revenue is expected to cross $24 B by 2027, as reported in the latest study by Global Market Insights, Inc.

The “Solid-State Transformer Market by Voltage Level (HV/MV, MV/LV) – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

The “High Voltage Measuring Equipment – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The solid-state transformer market size is expected to grow from $100 M in 2024 to $241 M by 2030.

The market size for power transformers was valued at over $25B in 2019 and is anticipated to witness an annual installation splurge of over 42,000 units by 2026.