Global Transformers Sales Market Report 2021

A transformer is an electrical device that transfers energy between two or more circuits through electromagnetic induction. In grid networks, two main types of transformers are used – power transformers and distribution transformers.
The transformer is the static device which works on the principle of electromagnetic induction. It is used for transferring the electrical power from one circuit to another without any variation in their frequency. In electromagnetic induction, the transfer of energy from one circuit to another takes places by the help of the mutual induction.

Market Analysis and Insights: Global Transformers Market
The global Transformers market was valued at US$ 23740 in 2020 and will reach US$ 29870 million by the end of 2027, growing at a CAGR of 3.9% during 2022-2027.

Global Transformers Scope and Market Size
The global Transformers market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Transformers market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Power Transformer
Distribution Transformer
Other

Segment by Application
Power Industry
Metallurgy Industry
Petrochemicals Industry
Railways Industry
Urban Construction

The Transformers market is analysed and market size information is provided by regions (countries). Segment by Application, the Transformers market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
ABB
TBEA
SIEMENS
GE
JSHP Transformer
Schneider
Sanbian Sci-Tech
SGB-SMIT
TOSHIBA
Qingdao Transformer Group
Mitsubishi Electric
SPX
Eaton
Efacec
Hitachi
Alstom
Crompton Greaves
Sunten Electric
Daihen
Fuji Electric
Qiantang River Electric
ZTR
Dachi Electric
Hyundai
Luneng
Tianwei Group
Hyosung