The transformers manufacturing market consists of establishments engaged in the manufacturing of power, distribution and specialty transformers. Some equipment manufactured by these establishments in this industry include fluorescent ballasts, distribution transformers, substation transformers, transmission and distribution voltage regulators and electric power distribution.
The top five companies covered are General Electric Corporation, ABB Ltd, Schneider Electric S.A., Mitsubishi Electric Corporation and Toshiba Corporation. General Electric Corporation was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global transformer manufacturing market was valued at around $47 billion in 2017. Asia Pacific was the largest region in the transformer manufacturing market in 2017, accounting for around 45% market share. China was the largest country in the transformer manufacturing market in 2017, accounting for around 21% market share.
Transformer manufacturing market is moving towards evolution of independent and self-regulating smart transformers .Smart transformers are programmed to constantly regulate voltage and maintain contact with the stakeholders and provide information and feedback on the power supply. They provide the exact amount of power that is needed and respond to fluctuations through a process known as voltage optimization.
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