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Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
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Transformer Companies

global leaders in the transformer industry, offering power and distribution transformers essential for efficient energy distribution and grid modernization. Their transformers are known for their high quality, energy efficiency, and grid stability. It is renowned for its transformers, playing a pivotal role in the power infrastructure with a focus on energy efficiency and grid reliability.

*Disclaimer: List of key companies in no particular order

Latest Company Updates:

October 2023 – A prominent industrial manufacturing company, Worthington Industries, Inc., on October 2nd revealed the growth of its Tempel Steel facility in Apodaca, Mexico, which is ran by Worthington’s Steel Processing business segment. Tempel will remodel the footprint of its present product manufacturing facility and attach operations to an together 185,000 square-foot facility. These steps will accelerate a substantial expansion of Tempel’s Focused Factory, generating greatly engineered traction motor laminate cores for electric vehicles. With growing manufacturing capacity anticipated to come online in 2024, Apodaca will be Tempel’s biggest production facility for transformers and motors laminations for the electric vehicle market. Chief Operating Officer for Worthington Industries, Geoff Gilmore said that the deal of Tempel performed in 2021 assisted the organization to make Worthington a leader in the dynamically performing electrical steel market that includes machine motors, transformers, and electric vehicle motors. He further added that the growth of the Apodaca facility is further display of their dedication to this market and to their employees across Tempel. The growing capacity will enable Tempel to leverage the proficiency and proficiency of the Apodaca community, including more than 500 members of the present Tempel Steel local employees. Tempel anticipates attaching more than 400 new positions to its Apodaca staff over the next five years.

Top listed global companies in the industry are:

ABB Ltd.(Switzerland)

Eaton Corporation plc (Ireland)

Schneider Electric (France)

Siemens AG (Germany)

Crompton Greaves Ltd. (India)

Mitsubishi Electric Corporation (Japan)

Toshiba Corporation (Japan)

Bharat Heavy Electricals Limited (India)

Hyosung Power & Industrial Solutions (South Korea)

SPX Transformer Solutions Inc. (U.S.)

Transformer Market Highlights:

Transformer Market Size

Transformer Market Trends

Transformer Market Analysis

Transformer Market Share

Transformer Market Highlights:

Transformer Market Trends

Transformer Market Analysis

Transformer Market Share

Transformer Companies

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