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| Report Code: A13102 | Aug 2021 | Pages: 134 | ||
| Tables: 44 | Charts: 55 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the U.s. Cast Resin Transformer Market
Request Now !The U.S. cast resin transformer market size was valued at $574.2 million in 2020, and is projected to reach $1,007.0 million by 2030, growing at a CAGR of 5.7% from 2021 to 2030. Cast resin transformer is a type of dry type transformer, which never uses any liquid for insulation and its primary & secondary windings are encapsulated with epoxy resin. Epoxy resin encapsulation resists the effect of moisture on winding materials. Thus, it offers good protection against adverse ambient conditions and can work at 100% humidity. Cast resin transformer offers various advantages such as fire safety, zero oil usage, eco-friendly, low maintenance, low installation cost, short time overload handling capacity, and others. It is used in various applications such as power generation, oil & gas, marine, chemical, renewable energy, and others.
The COVID-19 outbreak has impacted negatively on the U.S. cast resin transformer market. This is attributed to halting of electrical infrastructure development, building & construction and maintenance activities in the residential, commercial and industrial sectors in the region.
Increase in electricity consumption, new civil infrastructural developments, replacement of existing distribution transformers for integration with renewable energy sources as well as deployment of smart power grids are the major drivers that boost the growth of the U.S. cast resin transformer market. The development of electric cars and incentives to deploy them is increasing the consumption of electricity in the automotive sector. For efficient dispersal of power to deficit regions, strengthening and enhancement of the transmission and distribution (T&D) system network are required, which, in turn, is expected to fuel the market growth in the coming years.
For the purpose of analysis, the U.S. cast resin transformer market is segmented into type, cooling type, phase, voltage, and end use. Depending on type, the market is categorized into dry type converter transformer and dry type rectifier transformer. On the basis of cooling type, it is bifurcated into natural air cooling and forced air cooling. By phase, it is divided into single phase and three phase. On the basis of voltage, the market is classified into low and medium. The end uses covered in the study include industrial, commercial, and others.
The key players operating in the U.S. cast resin transformer market are Eaton Corporation Plc, Fuji Electric Co. Ltd., General Electric, Hammond Power Solutions Inc., Hitachi-ABB Ltd., Schneider Electric SE, Olsun Electrics Corporation, Hanley Energy LLC, Siemens AG, and WEG Group.
These key players are adopting various strategies, such as acquisition, partnership, product launch, and agreement, to stay competitive in the U.S. cast resin transformer market.
For instance, in July 2020, Hitachi acquired 80.1% stake in ABB Ltd.’s power grid business and formed a joint venture, Hitachi ABB Power Grids Ltd. This acquisition helped Hitachi to enhance its product portfolio of transformers.
In addition, Eaton acquired Virginia, the U.S.-based Power Distribution, Inc. (PDI). PDI is a leading supplier of mission critical power distribution, static switching, and power monitoring equipment & services for data centers and industrial & commercial customers. PDI offers ONYX K-Factor dry type power distribution transformer; hence, the acquisition helped Eaton to increase its dry type transformer offerings.
Other players operating in the value chain of the U.S. cast resin transformer market are MGM Transformer Company, Niagara Transformer Corporation, Alfa Transformer, Acutran, and others.
The U.S. cast resin transformer market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The U.S. cast resin transformer market is studied with respect to the growth prospects and restraints based on the product analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
By type, the dry type converter transformer segment held the largest market share in 2020. This is attributed to rise in use of converter transformers in excitation systems for turbo and hydro-generators, electric drives of drilling equipment, as semiconductor converters of the traction substation for the city electrified public transport (tram, trolley bus, and subway), and DC & AC electric drives.
On the basis of cooling type, the forced air cooling segment dominated the U.S. cast resin transformer market in 2020, in terms of share, owing to rise in demand for forced air-cooling system in industrial applications due to increase in temperature of cast resin transformer systems. In addition, forced air cooling system cools down highly heated cast resin transformer in less time as compared to natural air cooling, which, in turn, is anticipated to fuel the growth of this segment during the forecast period.
On the basis of phase, the single-phase segment dominated the U.S. cast resin transformer market in 2020, in terms of market share, owing to rise in use of three phase cast resin transformer in low voltage distribution applications in various commercial and residential applications such as hospital, educational institutes, commercial offices, public infrastructure and other applications. In addition, it is also used in some small-scale industrial applications which in turn is projected to fuel the market growth in the upcoming years.
On the basis of voltage, the low segment dominated the U.S. cast resin transformer market in 2020, in terms of market share, owing to rise in use of low voltage cast resin dry type transformer in residential and commercial applications. In addition, rapid growth of industries including automotive, building & construction, healthcare, military & defense, power generation and others is anticipated to fuel the market growth for this segment in the coming years.
By end use, the industrial segment dominated the highest U.S. cast resin transformer market share in the year 2020, and is expected to maintain the same during the forecast period. This is attributed to rise in demand for cast resin dry type transformer from various industries including marine, chemical, oil & gas, renewable energy, power generation and others.
Lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in temporary ban on the import and export, thereby disrupting the supply chain and hampering the cast resin transformer market growth in the second, third, and fourth quarter of 2020. In addition, there will be some impact on the growth of the market in 2021, owing to the second wave of COVID-19 pandemic across the globe. However, the market is expected to recover in the end of the year or by the second or third quarter of 2021 as the production in various industries restarts with rapid vaccination across the globe.Â
Key Benefits For Stakeholders
Key Market Segments
By Type
By Cooling Type
By Phase
By Voltage
By End Use
U.S. Cast Resin Transformer Market Report Highlights
| Aspects | Details |
|---|---|
| By Type |
|
| By Cooling Type |
|
| By Phase |
|
| By Voltage |
|
| By End Use |
|
| Key Market Players | EATON CORPORATION PLC, SIEMENS ENERGY AG, HANLEY ENERGY GCC, WEG GROUP, HITACHI LTD., OLSUN ELECTRICS CORPORATION, FUJI ELECTRIC CO. LTD., HAMMOND POWER SOLUTIONS, GENERAL ELECTRIC, SCHNEIDER ELECTRIC SE |
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping the market
3.3.Value chain analysis
3.4.Top investment pockets
3.5.Patent analysis
3.5.1.By region, 2013–2020
3.6.Market dynamics
3.6.1.Drivers
3.6.1.1.Increase in demand for electricity from different end-use industries
3.6.1.2.Rise in adoption of renewable and non-conventional energy sources
3.6.2.Restraint
3.6.2.1.Development of solid-state transformers (SSTs)
3.6.3.Opportunity
3.6.3.1.Development and adoption of smart grids and digital dry type transformers
3.7.Impact of government rules and regulations
3.8.Impact of COVID-19 outbreak on the market
CHAPTER 4:U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY TYPE
4.1.Overview
4.1.1.Market size and forecast
4.2.Dry type converter transformer
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, 2020–2030 ($million)
4.3.Dry type rectifier transformer
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, 2020–2030 ($million)
CHAPTER 5:U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY COOLING TYPE
5.1.Overview
5.1.1.Market size and forecast
5.2.Natural air cooling
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, 2020–2030 ($million)
5.3.Forced air cooling
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, 2020–2030 ($million)
CHAPTER 6:U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY PHASE
6.1.Overview
6.1.1.Market size and forecast
6.2.Single phase
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, 2020–2030 ($million)
6.3.Three phase
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, 2020–2030 ($million)
CHAPTER 7:U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY VOLTAGE
7.1.Overview
7.1.1.Market size and forecast
7.2.Low
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, 2020–2030 ($million)
7.3.Medium
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, 2020–2030 ($million)
CHAPTER 8:U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY END USE
8.1.Overview
8.1.1.Market size and forecast
8.2.Industrial
8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, 2020–2030 ($million)
8.3.Commercial
8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, 2020–2030 ($million)
8.4.Others
8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, 2020–2030 ($million)
CHAPTER 9:COMPETITIVE LANDSCAPE
9.1.Introduction
9.1.1.Market player positioning, 2020
9.2.Top winning strategies
9.2.1.Top winning strategies, by year
9.2.2.Top winning strategies, by development
9.2.3.Top winning strategies, by company
9.3.Product mapping of top 10 players
9.4.Competitive heatmap
9.5.Key developments
9.5.1.Acquisitions and product launch
CHAPTER 10:COMPANY PROFILES
10.1.EATON CORPORATION PLC
10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Operating business segments
10.1.4.Product portfolio
10.1.5.Business performance
10.1.6.Key strategic moves and developments
10.2.FUJI ELECTRIC CO. LTD.
10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Operating business segments
10.2.4.Product portfolio
10.2.5.Business performance
10.3.GENERAL ELECTRIC
10.3.1.Company overview
10.3.2.Company snapshot
10.3.3.Operating business segments
10.3.4.Product portfolio
10.3.5.Business performance
10.4.HAMMOND POWER SOLUTIONS
10.4.1.Company overview
10.4.2.Company snapshot
10.4.3.Product portfolio
10.4.4.Business performance
10.5.HANLEY ENERGY GCC
10.5.1.Company overview
10.5.2.Company Snapshot
10.5.3.Product portfolio
10.6.HITACHI LTD.
10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Operating business segments
10.6.4.Product portfolio
10.6.5.Business performance
10.6.6.Key strategic moves and developments
10.7.OLSUN ELECTRICS CORPORATION
10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Product portfolio
10.8.SCHNEIDER ELECTRIC SE
10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Operating business segments
10.8.4.Product portfolio
10.8.5.Business performance
10.9.SIEMENS ENERGY AG
10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Operating business segments
10.9.4.Product portfolio
10.9.5.Business performance
10.10.WEG GROUP
10.10.1.Company overview
10.10.2.Company snapshot
10.10.3.Operating business segments
10.10.4.Product portfolio
10.10.5.Business performance
10.10.6.Key strategic moves and developments
LIST OF TABLES
TABLE 01.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 02.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 03.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY PHASE, 2020–2030 ($MILLION)
TABLE 04.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2020–2030 ($MILLION)
TABLE 05.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 06.KEY ACQUISITIONS AND PRODUCT LAUNCH (2017-2020)
TABLE 07.EATON CORPORATION PLC: COMPANY SNAPSHOT
TABLE 08.EATON CORPORATION PLC: OPERATING SEGMENTS
TABLE 09.EATON CORPORATION PLC: PRODUCT PORTFOLIO
TABLE 10.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 11.EATON CORPORATION PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 12.FUJI ELECTRIC CO. LTD.: COMPANY SNAPSHOT
TABLE 13.FUJI ELECTRIC CO. LTD.: OPERATING SEGMENTS
TABLE 14.FUJI ELECTRIC CO. LTD.: PRODUCT PORTFOLIO
TABLE 15.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 16.GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 17.GENERAL ELECTRIC: OPERATING SEGMENTS
TABLE 18.GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 19.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 20.HAMMOND POWER SOLUTIONS: COMPANY SNAPSHOT
TABLE 21.HAMMOND POWER SOLUTIONS: PRODUCT PORTFOLIO
TABLE 22.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 23.HANLEY ENERGY GCC: COMPANY SNAPSHOT
TABLE 24.HANLEY ENERGY GCC: PRODUCT PORTFOLIO
TABLE 25.HITACHI LTD.: COMPANY SNAPSHOT
TABLE 26.HITACHI LTD.: OPERATING SEGMENTS
TABLE 27.HITACHI LTD.: PRODUCT PORTFOLIO
TABLE 28.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 29.HITACHI LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 30.OLSUN ELECTRICS CORPORATION: COMPANY SNAPSHOT
TABLE 31.OLSUN ELECTRICS CORPORATION: PRODUCT PORTFOLIO
TABLE 32.SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 33.SCHNEIDER ELECTRIC: OPERATING SEGMENTS
TABLE 34.SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 35.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 36.SIEMENS ENERGY AG: COMPANY SNAPSHOT
TABLE 37.SIEMENS ENERGY AG: OPERATING SEGMENTS
TABLE 38.SIEMENS ENERGY AG: PRODUCT PORTFOLIO
TABLE 39.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 40.WEG GROUP: COMPANY SNAPSHOT
TABLE 41.WEG GROUP: OPERATING SEGMENTS
TABLE 42.WEG GROUP: PRODUCT PORTFOLIO
TABLE 43.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 44.WEG GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.MODERATE THREAT OF NEW ENTRANTS
FIGURE 04.MODERATE THREAT OF SUBSTITUTES
FIGURE 05.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.VALUE CHAIN ANALYSIS
FIGURE 08.TOP INVESTMENT POCKETS
FIGURE 09.PATENT ANALYSIS, BY REGION
FIGURE 10.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET DYNAMICS
FIGURE 11.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY TYPE, 2020–2030
FIGURE 12.U.S. CAST RESIN DRY TYPE CONVERTER TRANSFORMER MARKET, 2020–2030 ($MILLION)
FIGURE 13.U.S. CAST RESIN DRY TYPE RECTIFIER TRANSFORMER MARKET, 2020–2030 ($MILLION)
FIGURE 14.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY COOLING TYPE, 2020–2030
FIGURE 15.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET FOR NATURAL AIR COOLING, 2020–2030 ($MILLION)
FIGURE 16.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET FOR FORCED AIR COOLING, 2020–2030 ($MILLION)
FIGURE 17.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY PHASE, 2020-2030
FIGURE 18.U.S. CAST RESIN DRY TYPE SINGLE PHASE TRANSFORMER MARKET, 2020–2030 ($MILLION)
FIGURE 19.U.S. CAST RESIN DRY TYPE THREE PHASE TRANSFORMER MARKET, 2020–2030 ($MILLION)
FIGURE 20.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2020-2030
FIGURE 21.U.S. CAST RESIN DRY TYPE LOW VOLTAGE TRANSFORMER MARKET, 2020–2030 ($MILLION)
FIGURE 22.U.S. CAST RESIN DRY TYPE MEDIUM VOLTAGE TRANSFORMER MARKET, 2020–2030 ($MILLION)
FIGURE 23.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET, BY END USE, 2020–2030
FIGURE 24.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET FOR INDUSTRIAL, 2020–2030 ($MILLION)
FIGURE 25.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET FOR COMMERCIAL, 2020–2030 ($MILLION)
FIGURE 26.U.S. CAST RESIN DRY TYPE TRANSFORMER MARKET FOR OTHERS, 2020–2030 ($MILLION)
FIGURE 27.MARKET PLAYER POSITIONING, 2020
FIGURE 28.TOP WINNING STRATEGIES, BY YEAR, 2017–2020
FIGURE 29.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020 (%)
FIGURE 30.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020
FIGURE 31.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 32.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 33.EATON CORPORATION PLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 34.EATON CORPORATION PLC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 35.EATON CORPORATION PLC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 36.FUJI ELECTRIC CO. LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 37.FUJI ELECTRIC CO. LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 38.FUJI ELECTRIC CO. LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 39.GENERAL ELECTRIC: REVENUE, 2018–2020 ($MILLION)
FIGURE 40.GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 41.GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 42.HAMMOND POWER SOLUTIONS: REVENUE, 2018–2020 ($MILLION)
FIGURE 43.HAMMOND POWER SOLUTIONS: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 44.HITACHI LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 45.HITACHI LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 46.HITACHI LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 47.SCHNEIDER ELECTRIC: REVENUE, 2018–2020 ($MILLION)
FIGURE 48.SCHNEIDER ELECTRIC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 49.SCHNEIDER ELECTRIC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 50.SIEMENS ENERGY AG: REVENUE, 2018–2020 ($MILLION)
FIGURE 51.SIEMENS ENERGY AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 52.SIEMENS ENERGY AG: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 53.WEG GROUP: REVENUE, 2018–2020 ($MILLION)
FIGURE 54.WEG GROUP: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.WEG GROUP: REVENUE SHARE BY REGION, 2020 (%)
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The demand for electricity fueled by increased construction renovation activities, increase in cross-country power transmission & distribution networks, replacement of old units, and mainstream adoption of renewable energy generation provide growth opportunities for the cast resin transformer market expansion.
The limitation of cast resin transformer over liquid-filled transformer is a major limiting factor in the adoption of dry type transformers. For the power and voltage rating, cast resin transformer is costlier than oil cooled transformer. In addition, the development of solid-state transformers is expected to hamper the market growth. On the contrary, cast resin transformers offer enhanced fire-retardant characteristics that make it ideal for installations in fire prone areas. Only cast resin transformers can be used in areas, such as multi-story or high-rise buildings, due to safety concerns.
The U.S. cast resin transformer market is segmented on the basis of type, cooling type, phase, voltage, and end use. The industrial sector is the main end user of cast resin transformers. Its other end uses include marine, chemical & petrochemical industries, power generation, manufacturing plants, smelting units, railways, and mining industries.
A. The key growth strategies of U.S. Cast Resin Transformer market players are acquisition and product launch
A. Development and adoption of smart grids and digitalization of transformers is expected to influence the U.S. cast resin transformer market in the next few years.
A. To get latest version of U.S. Cast Resin Transformer market report can be obtained on demand from the website.
A. Increase in demand for electricity from different end-use industries, rise in adoption of renewable and non-conventional energy sources are expected to be the driving factors and opportunities in the U.S. cast resin transformer.
A. The potential customers of the U.S. cast resin transformer are Industrial, commercial, utilities and residential.
A. The top ten market players are selected based on two key attributes - competitive strength and market positioning
A. The key benefits of the U.S. cast resin transformer market are information on key trends, market size & forecast, top players and their development strategies, and others.
A. On the basis of type, cast resin dry type converter segment will drive the U.S. cast resin transformer growth during the forecast period. By cooling type, forced air-cooling will fuel the U.S. cast resin transformer growth. On the basis of phase, single-phase segment will drive the growth of the U.S. cast resin transformer. By voltage, low voltage segment will fuel the U.S. cast resin transformer growth. By end use, industrial segment will fuel the U.S. cast resin transformer growth.
A. Top players in the U.S. cast resin transformer are Eaton Corporation Plc, Fuji Electric Co. Ltd., General Electric, Hammond Power Solutions Inc., Hitachi Ltd., Schneider Electric SE, Olsun Electrics Corporation, Hanley Energy GCC, Siemens Energy AG, and WEG Group.
A. In terms of revenue, the market size of the U.S. cast resin transformer is anticipated to reach $1,007.0 million by 2030, growing at CAGR of 5.7% from 2021 to 2030.
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