세계의 변압기 시장 예측(-2030년) : 유형별, 냉각 유형별, 정격 전력별, 상별, 절연별, 최종사용자별, 지역별

The transformer market is estimated to grow from USD 64.64 billion in 2025 to USD 88.48 billion by 2030, at a CAGR of 6.5%.

This growth is driven by a combination of rising electricity consumption across emerging and developed economies, large-scale investments in grid infrastructure modernization, and the accelerated integration of renewable energy sources. As nations aim to meet climate goals and improve energy access, the demand for high-efficiency, smart, and environmentally sustainable transformers is rapidly expanding. Additionally, the surge in urbanization, data center construction, and electrification of transport and industry further fuels the need for reliable and advanced transformer technologies.

"By type, power transformer held largest share of transformer market in 2024"

Power transformers represented the largest share of the transformer market, by type, primarily due to the global expansion and reinforcement of high-voltage transmission networks. As countries invest in bulk power transmission from generation sources, including large-scale solar, wind, hydro, and thermal plants, to urban load centers, the demand for power transformers capable of handling high voltage and long-distance transmission continues to rise. Moreover, aging grid infrastructure in developed regions and ambitious grid expansion plans in emerging economies drive substantial replacements and new installations. The transition toward inter-regional and cross-border power trade, particularly in regions such as Asia Pacific, Europe, and Africa, further amplifies the need for large, efficient, and high-capacity power transformers, solidifying this segment's dominant market position.

"By power rating, the medium segment to exhibit fastest growth during forecast period"

Medium (10.1-100 MVA) is expected to be the fastest-growing segment, by power rating, driven by its versatile applications across a broad range of sectors, including industrial facilities, renewable energy projects, urban substations, and large commercial complexes. As economies continue to industrialize and modernize their infrastructure, medium power transformers are increasingly being deployed to support medium-voltage networks that bridge transmission and distribution systems. The rapid growth of solar and wind farms-especially in decentralized formats-also fuels demand for transformers in this rating range, as they are ideally suited to manage fluctuating loads while ensuring grid stability. Furthermore, government-backed urban electrification and smart grid initiatives increasingly favor medium-rated transformers due to their optimal balance between performance, cost, and scalability.

"North America to be second fastest-growing region in transformer market during forecast period"

North America is likely to be the second fastest-growing region in the transformer market during the forecast period, driven by substantial investments in grid modernization, aging infrastructure replacement, and the integration of renewable energy sources. The US and Canada are upgrading their transmission and distribution networks to improve reliability, support electric vehicle (EV) expansion, and accommodate distributed energy resources such as rooftop solar and battery storage. Federal initiatives such as the US Infrastructure Investment and Jobs Act and Canada's Clean Electricity Regulations are accelerating the deployment of advanced transformer technologies, including digital and eco-efficient models. Additionally, the region's growing data center footprint and increased electrification across transportation and industry sectors further propel the demand for high-performance and resilient transformers.

Breakdown of Primaries:

In-depth interviews were conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
• By Designation: C-level Executives - 25%, Directors - 30%, and Others - 45%
• By Region: North America - 25%, Europe - 40%, Asia Pacific - 25%, Middle East & Africa - 5%, and South America - 5%

Note: Other designations include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2024. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

A few major players with a wide regional presence dominate the transformer market. The leading players are Hitachi Energy Ltd. (Switzerland), Siemens Energy (Germany), Eaton (Ireland), GE Vernova (US), and Toshiba Energy Systems & Solutions Corporation (Japan).

Study Coverage:

The report defines, describes, and forecasts the transformer market by type, cooling type, power rating, phase, insulation end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the transformer market.

Key Benefits of Buying Report

• Product Development/Innovation: Key drivers (Need to modernize power infrastructure due to escalating energy demand), restraints (High initial investment cost and fluctuating raw material prices), opportunities (Evolution of smart, digital, and resilient grids), and challenges (Sustainability and safety challenges linked to transformer insulating oils) influence the market.
• Market Development: In June 2024, Siemens Energy invested in expanding its grid division, a strategic move to strengthen global energy infrastructure and accelerate the energy transition. This expansion includes building new manufacturing facilities, such as a large power transformer plant in Charlotte, North Carolina, which will help address the critical shortage of transformers in the US and support aging grid infrastructure.
• Market Diversification: In February 2025, Eaton invested in a new manufacturing facility in South Carolina for its three-phase transformers, marking the company's third facility in the United States. The image shows the transformers' manufacturing process at the company's facility in Wisconsin.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, Hitachi Energy Ltd. (Switzerland), Siemens Energy (Germany), Eaton (Ireland), GE Vernova (US), and Toshiba Energy Systems & Solutions Corporation (Japan), among others, in the transformer market.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
• 1.4 CURRENCY CONSIDERED
• 1.5 UNIT CONSIDERED
• 1.6 LIMITATIONS
• 1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
• 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
  • 2.2.1 SECONDARY DATA
    • 2.2.1.1 Key data from secondary sources
    • 2.2.1.2 List of major secondary sources
  • 2.2.2 PRIMARY DATA
    • 2.2.2.1 Breakdown of primaries
    • 2.2.2.2 Key data from primary sources
    • 2.2.2.3 Participants in primary interviews
• 2.3 MARKET SIZE ESTIMATION
  • 2.3.1 BOTTOM-UP APPROACH
  • 2.3.2 TOP-DOWN APPROACH
  • 2.3.3 DEMAND-SIDE ANALYSIS
    • 2.3.3.1 Regional analysis
    • 2.3.3.2 Country-level analysis
    • 2.3.3.3 Demand-side assumptions
    • 2.3.3.4 Demand-side calculations
  • 2.3.4 SUPPLY-SIDE ANALYSIS
    • 2.3.4.1 Supply-side assumptions
    • 2.3.4.2 Supply-side calculations
• 2.4 RESEARCH ASSUMPTIONS
• 2.5 RESEARCH LIMITATIONS
• 2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TRANSFORMER MARKET
• 4.2 TRANSFORMER MARKET, BY REGION
• 4.3 TRANSFORMER MARKET IN ASIA PACIFIC, BY TYPE AND COUNTRY
• 4.4 TRANSFORMER MARKET, BY TYPE
• 4.5 TRANSFORMER MARKET, BY COOLING TYPE
• 4.6 TRANSFORMER MARKET, BY POWER RATING
• 4.7 TRANSFORMER MARKET, BY PHASE
• 4.8 TRANSFORMER MARKET, BY INSULATION
• 4.9 TRANSFORMER MARKET, BY END USER

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Pressing need to modernize the power infrastructure due to escalating energy demand
    • 5.2.1.2 Strong focus on integrating renewable energy sources into power grids
    • 5.2.1.3 Urgent need to upgrade aging grid infrastructure
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 High initial investment cost and fluctuating raw material prices
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Evolution of smart, digital, and resilient grids
    • 5.2.3.2 Growing focus of developing countries on electrification
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Sustainability and safety challenges linked to transformer insulating oils
    • 5.2.4.2 Supply chain disruptions and component shortages
• 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.4 PRICING ANALYSIS
  • 5.4.1 PRICING RANGE OF TRANSFORMERS, BY TYPE, 2024
  • 5.4.2 PRICING RANGE OF TRANSFORMERS, BY POWER RATING, 2024
  • 5.4.3 AVERAGE SELLING PRICE TREND OF TRANSFORMERS, BY REGION, 2021-2024
• 5.5 SUPPLY CHAIN ANALYSIS
• 5.6 ECOSYSTEM ANALYSIS
• 5.7 TECHNOLOGY ANALYSIS
  • 5.7.1 KEY TECHNOLOGIES
    • 5.7.1.1 Solid-state transformers (SSTs)
    • 5.7.1.2 Digital twin technology for transformers
  • 5.7.2 ADJACENT TECHNOLOGIES
    • 5.7.2.1 Adjacent cooling system for transformers
    • 5.7.2.2 Renewable energy integration systems
  • 5.7.3 COMPLEMENTARY TECHNOLOGIES
    • 5.7.3.1 Transformer condition monitoring system
    • 5.7.3.2 Smart transformer substation automation
• 5.8 PATENT ANALYSIS
• 5.9 TRADE ANALYSIS
  • 5.9.1 IMPORT SCENARIO (HS CODE 8504)
  • 5.9.2 EXPORT SCENARIO (HS CODE 8504)
• 5.10 KEY CONFERENCES AND EVENTS, 2025-2026
• 5.11 TARIFF AND REGULATORY LANDSCAPE
  • 5.11.1 TARIFF ANALYSIS
  • 5.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.11.3 CODES AND REGULATIONS
• 5.12 PORTER'S FIVE FORCES ANALYSIS
  • 5.12.1 THREAT OF SUBSTITUTES
  • 5.12.2 BARGAINING POWER OF SUPPLIERS
  • 5.12.3 BARGAINING POWER OF BUYERS
  • 5.12.4 THREAT OF NEW ENTRANTS
  • 5.12.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.13.2 BUYING CRITERIA
• 5.14 INVESTMENT AND FUNDING SCENARIO
• 5.15 CASE STUDY ANALYSIS
  • 5.15.1 ADDRESSING RELIABILITY, SAFETY, AND ENVIRONMENTAL RISKS IN BUSHINGS THROUGH EASYDRY TECHNOLOGY
  • 5.15.2 OPTIMIZING GRID RESILIENCE AND TRANSFORMER HEALTH WITH TXPERT HUB
  • 5.15.3 SAFEGUARDING TRANSFORMER LIFESPAN AND GRID RELIABILITY USING TVP TECHNOLOGY
• 5.16 IMPACT OF GEN AI/AI ON TRANSFORMER MARKET
  • 5.16.1 ADOPTION OF GEN AI/AI IN TRANSFORMER MARKET
  • 5.16.2 IMPACT OF GEN AI/AI ON TRANSFORMER MARKET, BY REGION
• 5.17 MACROECONOMIC OUTLOOK FOR TRANSFORMER MARKET
• 5.18 IMPACT OF 2025 US TARIFF - OVERVIEW
  • 5.18.1 INTRODUCTION
  • 5.18.2 KEY TARIFF RATES
  • 5.18.3 PRICE IMPACT ANALYSIS
  • 5.18.4 IMPACT ON COUNTRIES/REGIONS
    • 5.18.4.1 US
    • 5.18.4.2 Europe
    • 5.18.4.3 Asia Pacific
  • 5.18.5 IMPACT ON END USERS

6 TRANSFORMER MARKET, BY TYPE

• 6.1 INTRODUCTION
• 6.2 POWER TRANSFORMER
  • 6.2.1 GRID MODERNIZATION AND CROSS-BORDER TRANSMISSION PROJECTS TO DRIVE DEMAND
• 6.3 DISTRIBUTION TRANSFORMER
  • 6.3.1 URBANIZATION AND ELECTRIFICATION PROGRAMS TO ELEVATE ADOPTION
• 6.4 INSTRUMENT TRANSFORMER
  • 6.4.1 GLOBAL SHIFT TOWARD SMART GRID INFRASTRUCTURE AND DIGITAL SUBSTATIONS TO CREATE OPPORTUNITIES
• 6.5 SPECIALTY TRANSFORMER
  • 6.5.1 SPECIALIZED INDUSTRIAL AND TRANSPORT APPLICATIONS TO ACCELERATE IMPLEMENTATION

7 TRANSFORMER MARKET, BY COOLING TYPE

• 7.1 INTRODUCTION
• 7.2 OIL-COOLED
  • 7.2.1 SUPERIOR THERMAL CONDUCTIVITY AND DURABILITY TO BOOST DEMAND
• 7.3 AIR-COOLED
  • 7.3.1 ENVIRONMENTAL SAFETY AND LOW MAINTENANCE REQUIREMENTS TO FACILITATE DEMAND

8 TRANSFORMER MARKET, BY POWER RATING

• 8.1 INTRODUCTION
• 8.2 LOW
  • 8.2.1 RAPID URBANIZATION AND SMART CITY INITIATIVES TO FACILITATE MARKET GROWTH
• 8.3 MEDIUM
  • 8.3.1 INDUSTRIAL EXPANSION IN EMERGING ECONOMIES TO FUEL MARKET GROWTH
• 8.4 HIGH
  • 8.4.1 INCREASING INVESTMENTS IN REINFORCING GRID STABILITY TO SPUR DEMAND

9 TRANSFORMER MARKET, BY PHASE

• 9.1 INTRODUCTION
• 9.2 THREE-PHASE
  • 9.2.1 WIDESPREAD USE IN TRANSMISSION NETWORKS AND LARGE COMMERCIAL COMPLEXES TO FUEL SEGMENTAL GROWTH
• 9.3 SINGLE-PHASE
  • 9.3.1 GOVERNMENT-LED INITIATIVES TO EXPAND ELECTRICITY ACCESS ACROSS REMOTE AND UNDERSERVED REGIONS TO DRIVE MARKET

10 TRANSFORMER MARKET, BY INSULATION

• 10.1 INTRODUCTION
• 10.2 OIL
  • 10.2.1 HIGH DIELECTRIC STRENGTH AND SUPERIOR THERMAL CONDUCTIVITY TO SPIKE DEMAND
• 10.3 SOLID
  • 10.3.1 SIGNIFICANT DEMAND FOR SUSTAINABLE, LOW-EMISSION TECHNOLOGIES IN URBAN INFRASTRUCTURE TO PROPEL MARKET
• 10.4 GAS
  • 10.4.1 SPACE OPTIMIZATION AND ENVIRONMENTAL SAFETY TO ESCALATE DEMAND
• 10.5 AIR
  • 10.5.1 SIMPLICITY, FLEXIBILITY, AND COST-EFFECTIVENESS TO ELEVATE ADOPTION

11 TRANSFORMER MARKET, BY END USER

• 11.1 INTRODUCTION
• 11.2 POWER UTILITIES
  • 11.2.1 PRESSING NEED TO UPGRADE AGING GRID ASSETS TO ELEVATE DEMAND
• 11.3 INDUSTRIAL
  • 11.3.1 RISING FOCUS ON DECARBONIZATION AND ENERGY OPTIMIZATION TO FACILITATE ADOPTION
• 11.4 RESIDENTIAL & COMMERCIAL
  • 11.4.1 RAPID URBANIZATION AND REAL ESTATE DEVELOPMENT TO TRIGGER DEMAND
• 11.5 DATA CENTERS
  • 11.5.1 PROLIFERATION OF CLOUD COMPUTING TO CREATE GROWTH OPPORTUNITIES
• 11.6 OTHER END USERS

12 TRANSFORMER MARKET, BY REGION

• 12.1 INTRODUCTION
• 12.2 ASIA PACIFIC
  • 12.2.1 CHINA
    • 12.2.1.1 Government's push for smart grid and digital substation deployment to drive demand
  • 12.2.2 INDIA
    • 12.2.2.1 Growing focus on renewable energy expansion to accelerate demand
  • 12.2.3 JAPAN
    • 12.2.3.1 Surging deployment of energy storage systems and electric vehicle charging networks to propel market
  • 12.2.4 AUSTRALIA
    • 12.2.4.1 Significant investments in transmission and distribution infrastructure to support market growth
  • 12.2.5 REST OF ASIA PACIFIC
• 12.3 NORTH AMERICA
  • 12.3.1 US
    • 12.3.1.1 Digital infrastructure and grid modernization programs to spike demand
  • 12.3.2 CANADA
    • 12.3.2.1 Clean energy and transmission system upgrade initiatives to foster market growth
  • 12.3.3 MEXICO
    • 12.3.3.1 Government focus on improving grid resilience to facilitate adoption
• 12.4 EUROPE
  • 12.4.1 GERMANY
    • 12.4.1.1 Rising deployment of green hydrogen and digital factories to spur demand
  • 12.4.2 ITALY
    • 12.4.2.1 Growing digital economy to create opportunities
  • 12.4.3 UK
    • 12.4.3.1 Strong focus on deploying SF6-free substations to facilitate market growth
  • 12.4.4 FRANCE
    • 12.4.4.1 Pressing need to enhance transmission and distribution infrastructure to increase demand
  • 12.4.5 SPAIN
    • 12.4.5.1 Solar PV capacity expansion projects to support market growth
  • 12.4.6 REST OF EUROPE
• 12.5 MIDDLE EAST & AFRICA
  • 12.5.1 GCC
    • 12.5.1.1 Saudi Arabia
      • 12.5.1.1.1 Urban expansion and smart city initiatives to surge demand
    • 12.5.1.2 UAE
      • 12.5.1.2.1 Greater emphasis on expanding clean energy proportion in overall energy mix to boost demand
    • 12.5.1.3 Rest of GCC
  • 12.5.2 SOUTH AFRICA
    • 12.5.2.1 Push to modernize transmission and distribution infrastructure to create growth opportunities
  • 12.5.3 REST OF MIDDLE EAST& AFRICA
• 12.6 SOUTH AMERICA
  • 12.6.1 BRAZIL
    • 12.6.1.1 Investment in metro rail systems, marine terminals, and public transport electrification to support market growth
  • 12.6.2 ARGENTINA
    • 12.6.2.1 Expansion of high-voltage transmission lines to strengthen market growth
  • 12.6.3 REST OF SOUTH AMERICA

13 COMPETITIVE LANDSCAPE

• 13.1 OVERVIEW
• 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022-2025
• 13.3 MARKET SHARE ANALYSIS, 2024
• 13.4 REVENUE ANALYSIS, 2020-2024
• 13.5 COMPANY VALUATION AND FINANCIAL METRICS
• 13.6 BRAND/PRODUCT COMPARISON
• 13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 13.7.1 STARS
  • 13.7.2 EMERGING LEADERS
  • 13.7.3 PERVASIVE PLAYERS
  • 13.7.4 PARTICIPANTS
  • 13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
    • 13.7.5.1 Company footprint
    • 13.7.5.2 Region footprint
    • 13.7.5.3 Type footprint
    • 13.7.5.4 Cooling type footprint
    • 13.7.5.5 Phase footprint
    • 13.7.5.6 End user footprint
• 13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
  • 13.8.1 PROGRESSIVE COMPANIES
  • 13.8.2 RESPONSIVE COMPANIES
  • 13.8.3 DYNAMIC COMPANIES
  • 13.8.4 STARTING BLOCKS
  • 13.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    • 13.8.5.1 Detailed list of key startups/SMEs
    • 13.8.5.2 Competitive benchmarking of key startups/SMEs
• 13.9 COMPETITIVE SCENARIO
  • 13.9.1 PRODUCT LAUNCHES
  • 13.9.2 DEALS
  • 13.9.3 EXPANSIONS
  • 13.9.4 OTHER DEVELOPMENTS

14 COMPANY PROFILES

• 14.1 KEY PLAYERS
  • 14.1.1 HITACHI ENERGY LTD.
    • 14.1.1.1 Business overview
    • 14.1.1.2 Products/Solutions/Services offered
    • 14.1.1.3 Recent developments
      • 14.1.1.3.1 Product launches
      • 14.1.1.3.2 Deals
      • 14.1.1.3.3 Expansions
      • 14.1.1.3.4 Other developments
    • 14.1.1.4 MnM view
      • 14.1.1.4.1 Key strengths/Right to win
      • 14.1.1.4.2 Strategic choices
      • 14.1.1.4.3 Weaknesses/Competitive threats
  • 14.1.2 SIEMENS ENERGY
    • 14.1.2.1 Business overview
    • 14.1.2.2 Products/Solutions/Services offered
    • 14.1.2.3 Recent developments
      • 14.1.2.3.1 Product launches
      • 14.1.2.3.2 Other developments
    • 14.1.2.4 MnM view
      • 14.1.2.4.1 Key strengths/Right to win
      • 14.1.2.4.2 Strategic choices
      • 14.1.2.4.3 Weaknesses/Competitive threats
  • 14.1.3 EATON
    • 14.1.3.1 Business overview
    • 14.1.3.2 Products/Solutions/Services offered
    • 14.1.3.3 Recent developments
      • 14.1.3.3.1 Deals
      • 14.1.3.3.2 Expansions
      • 14.1.3.3.3 Other developments
    • 14.1.3.4 MnM view
      • 14.1.3.4.1 Key strengths/Right to win
      • 14.1.3.4.2 Strategic choices
      • 14.1.3.4.3 Weaknesses/Competitive threats
  • 14.1.4 GE VERNOVA
    • 14.1.4.1 Business overview
    • 14.1.4.2 Products/Solutions/Services offered
    • 14.1.4.3 Recent developments
      • 14.1.4.3.1 Product launches
      • 14.1.4.3.2 Deals
      • 14.1.4.3.3 Expansions
      • 14.1.4.3.4 Other developments
    • 14.1.4.4 MnM view
      • 14.1.4.4.1 Key strengths/Right to win
      • 14.1.4.4.2 Strategic choices
      • 14.1.4.4.3 Weaknesses/Competitive threats
  • 14.1.5 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
    • 14.1.5.1 Business overview
    • 14.1.5.2 Products/Solutions/Services offered
    • 14.1.5.3 Recent developments
      • 14.1.5.3.1 Developments
    • 14.1.5.4 MnM view
      • 14.1.5.4.1 Key strengths/Right to win
      • 14.1.5.4.2 Strategic choices
      • 14.1.5.4.3 Weaknesses/Competitive threats
  • 14.1.6 SCHNEIDER ELECTRIC
    • 14.1.6.1 Business overview
    • 14.1.6.2 Products/Solutions/Services offered
    • 14.1.6.3 Recent developments
      • 14.1.6.3.1 Product launches
      • 14.1.6.3.2 Deals
      • 14.1.6.3.3 Expansions
      • 14.1.6.3.4 Other developments
  • 14.1.7 ABB
    • 14.1.7.1 Business overview
    • 14.1.7.2 Products/Solutions/Services offered
    • 14.1.7.3 Recent developments
      • 14.1.7.3.1 Product launches
      • 14.1.7.3.2 Deals
      • 14.1.7.3.3 Expansions
      • 14.1.7.3.4 Other developments
  • 14.1.8 MITSUBISHI ELECTRIC CORPORATION
    • 14.1.8.1 Business overview
    • 14.1.8.2 Products/Solutions/Services offered
    • 14.1.8.3 Recent developments
      • 14.1.8.3.1 Deal
      • 14.1.8.3.2 Other developments
  • 14.1.9 BHARAT HEAVY ELECTRICALS LIMITED
    • 14.1.9.1 Business overview
    • 14.1.9.2 Products/Solutions/Services offered
    • 14.1.9.3 Recent developments
      • 14.1.9.3.1 Product launches
      • 14.1.9.3.2 Expansions
      • 14.1.9.3.3 Other developments
  • 14.1.10 HD HYUNDAI ELECTRIC CO., LTD.
    • 14.1.10.1 Business overview
    • 14.1.10.2 Products/Solutions/Services offered
    • 14.1.10.3 Recent developments
      • 14.1.10.3.1 Developments
  • 14.1.11 HUBBELL
    • 14.1.11.1 Business overview
    • 14.1.11.2 Products/Solutions/Services offered
    • 14.1.11.3 Recent developments
      • 14.1.11.3.1 Deals
  • 14.1.12 CG POWER & INDUSTRIAL SOLUTIONS LTD.
    • 14.1.12.1 Business overview
    • 14.1.12.2 Products/Solutions/Services offered
    • 14.1.12.3 Recent developments
      • 14.1.12.3.1 Deals
      • 14.1.12.3.2 Expansions
      • 14.1.12.3.3 Other developments
  • 14.1.13 HYOSUNG HEAVY INDUSTRIES
    • 14.1.13.1 Business overview
    • 14.1.13.2 Products/Solutions/Services offered
    • 14.1.13.3 Recent developments
      • 14.1.13.3.1 Expansions
      • 14.1.13.3.2 Other developments
  • 14.1.14 FUJI ELECTRIC CO., LTD.
    • 14.1.14.1 Business overview
    • 14.1.14.2 Products/Solutions/Services offered
    • 14.1.14.3 Recent developments
      • 14.1.14.3.1 Developments
  • 14.1.15 WEG
    • 14.1.15.1 Business overview
    • 14.1.15.2 Products/Solutions/Services offered
    • 14.1.15.3 Recent developments
      • 14.1.15.3.1 Expansions
      • 14.1.15.3.2 Other developments
  • 14.1.16 LS ELECTRIC CO., LTD.
    • 14.1.16.1 Business overview
    • 14.1.16.2 Products/Solutions/Services offered
    • 14.1.16.3 Recent developments
      • 14.1.16.3.1 Deals
      • 14.1.16.3.2 Expansions
      • 14.1.16.3.3 Other developments
  • 14.1.17 ARTECHE GROUP
    • 14.1.17.1 Business overview
    • 14.1.17.2 Products/Solutions/Services offered
  • 14.1.18 KONCAR D.D.
    • 14.1.18.1 Business overview
    • 14.1.18.2 Products/Solutions/Services offered
    • 14.1.18.3 Recent developments
      • 14.1.18.3.1 Deals
      • 14.1.18.3.2 Other developments
  • 14.1.19 JSHP TRANSFORMER
    • 14.1.19.1 Business overview
    • 14.1.19.2 Products/Solutions/Services offered
  • 14.1.20 TBEA
    • 14.1.20.1 Business overview
    • 14.1.20.2 Products/Solutions/Services offered
• 14.2 OTHER PLAYERS
  • 14.2.1 CHINA XD GROUP
  • 14.2.2 VOLTAMP TRANSFORMER
  • 14.2.3 MEIDENSHA CORPORATION
  • 14.2.4 ORMAZABAL
  • 14.2.5 HENAN HENGYU ELECTRIC GROUP CO., LTD.

15 APPENDIX

• 15.1 INSIGHTS FROM INDUSTRY EXPERTS
• 15.2 DISCUSSION GUIDE
• 15.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 15.4 CUSTOMIZATION OPTIONS
• 15.5 RELATED REPORTS
• 15.6 AUTHOR DETAILS