The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising disposable income, a stable political environment, and increasing foreign investments in these countries are expected to drive innovation in low power transformers manufacturing, thus driving the market during the forecast period.

The global low power transformers market is expected to grow from $46.31 billion in 2022 to $50.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The global low power transformers (100 MVA to 500 MVA) market is expected to grow to $69.9 billion in 2027 at a CAGR of 8.3%.

Get A Free Sample On The Global Low Power Transformers Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2797&type=smp

Global Low Power Transformers Market Segments Include:

• By Product Type: Split-Core, Solid-Core
• By Cooling Method: Oil-Cooled, Air-Cooled
• By Applications: Power Plants, Factory, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global low power transformers market in 2021.

Major Market Players in the low power transformers market include Eaton, Wurth Elektronik, Analog Devices, RITZ Instrument Transformers, Bourns, Osram, Schneider Electric, Rockwell Automation.

The transformer manufacturing market is moving towards the 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. They significantly reduce greenhouse gas emissions and power consumption as they supply electrical equipment with the ideal amount of power. For instance, The US Department of Energy (DOE) invested $7.5 million to support the research and development of smart transformers for grid resiliency. Companies should consider investing in technologies to produce smart transformers for commercial establishments.

The Low Power Transformers Global Market Report 2023  provides a low power transformers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The low power transformers market forecast analyzes low power transformers market size, low power transformers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Low power transformers are defined as power transformers with ratings of 100 MVA to 500 MVA. It is a static device that works on the principles of mutual induction to transform power from one circuit to another circuit without changing frequency.

Explore Similar Reports From The Business Research Company:

Transformers Global Market Report 2023

Medium Power Transformers Global Market Report 2023

Instrument Transformers Global Market Report 2023

Learn More About The Business Research Company

The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: