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

Favourable government policies to increase electrification are expected to drive innovation in medium power transformers manufacturing, thus driving the market during the forecast period.

The global medium power transformers market is expected to grow from $35.91 billion in 2022 to $38.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The global medium power transformers (501 MVA to 800 MVA) market is expected to grow to $47.83 billion in 2027 at a CAGR of 5.7%.

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Global Medium Power Transformers Market Segments Include:

• By Cooling Method:Oil-Cooled, Air-Cooled
• By Mounting:Pad, Pole, PC/PCB, Other Mountings
• By End User:Residential, Commercial, Industrial
• 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 medium power transformers market in 2021.

Major Market Players in the medium power transformers market include Siemens AG, ABB Group, General Electric Company, Fuji Electric Co. Ltd., Hitachi, Ltd., Schneider Electric SE, Eaton Corporation PLC.

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 Medium Power Transformers Global Market Report 2023 provides a medium power transformers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The medium power transformers market forecast analyzes medium power transformers market size, medium 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.

Medium power transformers are defined as power transformers with ratings of 501 MVA to 800 MVA. Medium power transformers are used in lowering voltages to the level required and are eligible for voltage regulations. These types of transformers are mostly used in the manufacturing and construction industries.

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