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Closed Core Power Transformer Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Publisher Global Market Insights
Published Aug 07, 2024
Length 100 Pages
SKU # GMI19157133

Description

Closed Core Power Transformer Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032


Closed Core Power Transformer Market size will grow at over 5.9% CAGR from 2024 to 2032, attributed to rising partnerships among technology providers, utilities, and research institutions. These collaborations are introducing advanced materials and design innovations, boosting the efficiency and reliability of closed core transformers. As a result, developments are enhancing performance metrics, including energy loss reduction and improved load handling. For example, in October 2023, E.ON and Hitachi Energy launched a circular value chain pilot for distribution transformers in Sweden. This initiative aims to embed sustainable practices into closed core power transformers, enhancing efficiency and minimizing environmental impacts. The market is segregated into winding, cooling, insulation, mounting, application, and region. In terms of cooling, the dry type segment in the closed core power transformer industry is set to experience a significant CAGR through 2032 due to its enhanced efficiency and reliability. Dry-type cooling solutions, which use air instead of liquid coolants, not only boost efficiency and reliability but also lessen maintenance needs. Moreover, design optimizations in dry-type cooling systems are enhancing heat dissipation and prolonging transformer lifespan. By mounting, the closed core power transformer market value from the pole segment is projected to rise from 2024 to 2032. This surge is due to rising demand for enhanced efficiency and durability in overhead distribution systems. By leveraging closed core technology, pole transformers are achieving better energy conversion and minimizing core losses. Ongoing advancements in closed core technology for pole-mounted transformers are ensuring more reliable power distribution, catering to modern electrical grid demands, and enhancing overall system performance. Regionally, the Europe closed core power transformer industry size is projected to witness robust growth between 2024 and 2032 fueled by urbanization and infrastructure expansion. As urban areas expand, there is a heightened demand for reliable power distribution, leading to increased integration of closed core power transformers in both new and upgraded electrical grids. Furthermore, as Europe adapts to urbanization and infrastructure needs, closed core power transformers are evolving, driving innovations for more effective and sustainable power systems.

Table of Contents

100 Pages
Chapter 1 Methodology and Scope
1.1 Market definitions
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls and challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
Chapter 4 Competitive landscape, 2023
4.1 Strategic dashboard
4.2 Innovation and technology landscape
Chapter 5 Market Size and Forecast, By Winding, 2021 – 2032 (Units and USD Million)
5.1 Key trends
5.2 Two winding
5.3 Auto transformer
Chapter 6 Market Size and Forecast, By Cooling, 2021 – 2032 (Units and USD Million)
6.1 Key trends
6.2 Dry type
6.3 Oil immersed
Chapter 7 Market Size and Forecast, By Insulation, 2021 – 2032 (Units and USD Million)
7.1 Key trends
7.2 Gas
7.3 Oil
7.4 Solid
7.5 Air
7.6 Others
Chapter 8 Market Size and Forecast, By Mounting, 2021 – 2032 (Units and USD Million)
8.1 Key trends
8.2 Pad
8.3 Pole
8.4 Others
Chapter 9 Market Size and Forecast, By Application, 2021 – 2032 (Units and USD Million)
9.1 Key trends
9.2 Residential
9.3 Commercial and industrial
9.4 Utility
Chapter 10 Market Size and Forecast, By Region, 2021 – 2032 (Units and USD Million)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 Russia
10.3.4 UK
10.3.5 Italy
10.3.6 Spain
10.3.7 Netherlands
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Australia
10.5 Middle East and Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 Qatar
10.5.4 Egypt
10.5.5 South Africa
10.5.6 Nigeria
10.6 Latin America
10.6.1 Brazil
10.6.2 Peru
10.6.3 Argentina
Chapter 11 Company Profiles
11.1 ABB
11.2 Bharat Heavy Electricals Limited (BHEL)
11.3 CG Power and Industrial Solutions Ltd.
11.4 Celme S.r.l.
11.5 General Electric
11.6 Hitachi Energy Ltd.
11.7 Hyosung Heavy Industries
11.8 Hyundai Electric and Energy Systems Co., Ltd.
11.9 JSHP Transformer
11.10 Mitsubishi Electric Corporation
11.11 Siemens Energy
11.12 Schneider Electric
11.13 Toshiba Energy Systems and Solutions Corporation
 

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