#Growth

A sales increase of around 9.5 percent and significant investments lay a stable foundation for further sustainable global growth and structural realignment.

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

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 %.

According to a report by Allied Market Research, the global transformers market industry is anticipated to generate $102.96 B by 2031.

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 size is set to surpass $35 B by 2032, according to a new research report by Global Market Insights Inc.

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.

KONČAR Group, Croatian power engineering company, ends Q3 2022 with $84.4 M growth in consolidated income from the sales of products and services year-on-year.

The global DC power supplies market reached a value of $400 M in 2021.

The global pad mounted transformer market is expected to register a CAGR of more than 3 % during the forecast period of 2022–2027.

The global instrument transformers market is expected to grow from $7.61 B in 2021 to $8.17 B in 2022 at a CAGR of 7.4 %.

According to a recent study by Global Market Insights Inc., the digital substation market is expected to record $10.5 B revenue by 2028.

The global high power transformers market is expected to grow from $13.62 billion in 2021 to $16.51 billion in 2022 at a CAGR of 21.3%.

The global gas insulated transformer market is valued at $2.3 B in 2020, and it is anticipated to reach $3.1 B by 2027, at a CAGR of 4.75 % during 2022-2027.

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.

India: Hitachi Energy India has reported a 10 % year-on-year growth in order inflows during the quarter ending 30 September 2021.

Mexico, Tijuana: MGM has announced the expansion of their low voltage distribution transformer factory in Tijuana, Mexico.

Italy, Vicenza: The company has reported the growth in turnover since 2018, attributing the success to the renewable energy transition.

Power transformers market worldwide is projected to grow by $10. 6 B, driven by a compounded growth of 5. 9%. 100 MVA – 500 MVA.

A new report titled “Oil Filled Distribution Transformer -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” has been added by Wiseguyreports.Com to its research database.

Wise Guy Reports has added a new report titled “Electrical Transformer Market Demand, Growth, Opportunities and Analysis of Top Key Player Forecast to 2021” to its offering.

Market.Biz has recently launched a new market research report titles “Worldwide Non-Grain Oriented Electrical Steel Market”, offering a strategic assessment of the global non-grain oriented electrical steel market and growth opportunities.