PUBLISHER: BCC Research | PRODUCT CODE: 1271998
PUBLISHER: BCC Research | PRODUCT CODE: 1271998
The global transformers market should reach $81.6 billion by 2027 from $49.3 billion in 2022 at a compound annual growth rate (CAGR) of 10.6% for the forecast period of 2022 to 2027.
Asia-Pacific transformers market is expected to grow from $21.8 billion in 2022 to $39 billion in 2027 at a CAGR of 12.3% for the forecast period of 2022 to 2027.
European transformers market is expected to grow from $12.8 billion in 2022 to $20.8 billion in 2027 at a CAGR of 10.2% for the forecast period of 2022 to 2027.
This report analyzes different transformer types, capacity ratings, phases, insulation types, mounting locations, end-use industries, and regional market development of transformers. Furthermore, we also segment the market analysis by major countries in this report, such as the U.S., China, Germany, India, and others, where the opportunities for transformers are lucrative.
The report is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current, and future market scenarios. The report also covers leading companies with information on product types, business footprint, revenue, and more. We have also included a list of other companies in global and regional markets. Also, the report consists of a patent analysis for the transformer market, representing a significant investment area for investors.
The report incorporates the impacts of COVID-19 and the Russia-Ukraine war on the global and regional markets.
In this report, 2021 is used as the market's base year, estimated values are provided for 2022, and the market values are forecast from 2022 to 2027. All market values are provided in millions of dollars, and market shares and CAGRs are provided in percentages.