Mexico Power Transformer Market Size & Outlook, 2025-2033
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Mexico power transformer market highlights
- The Mexico power transformer market generated a revenue of USD 770.5 million in 2024 and is expected to reach USD 1,866.5 million by 2033.
- The Mexico market is expected to grow at a CAGR of 10.3% from 2025 to 2033.
- In terms of segment, shell was the largest revenue generating core in 2024.
- Shell is the most lucrative core segment registering the fastest growth during the forecast period.
Power transformer market data book summary
| Market revenue in 2024 | USD 770.5 million |
| Market revenue in 2033 | USD 1,866.5 million |
| Growth rate | 10.3% (CAGR from 2025 to 2033) |
| Largest segment | Shell |
| Fastest growing segment | Shell |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Closed, Shell, Berry |
| Key market players worldwide | ABB Ltd, Alstom SA, Murugappa Group, GE Aerospace, Siemens Energy AG Ordinary Shares, Mitsubishi Electric Corp, Toshiba Tec Corp ADR |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.0% of the global power transformer market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. power transformer market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,866.5 million by 2033.
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Power Transformer Market Scope
Power Transformer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hyosung HICO | View profile | 1-10 | Memphis, Tennessee, United States, North America | https://www.hyosunghico.com |
| Crompton Greaves | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.cgglobal.com/frontend/Crompton.aspx?Id=a6+Ptuxdm38= |
| Bharat Heavy Electricals | View profile | 10001+ | New Delhi, Delhi, India, Asia | http://www.bhel.com |
| Toshiba Tec Corp ADR | View profile | 18906 | 1-11-1, Osaki, Shinagawa-ku, Gate City Ohsaki West Tower, Tokyo, Japan, 141-8562 | http://www.toshibatec.co.jp |
| Murugappa Group | View profile | 10001+ | Chennai, Tamil Nadu, India, Asia | http://www.murugappa.com |
| Alstom SA | View profile | 84748 | 48, Rue Albert Dhalenne, Saint-Ouen-sur-Seine, Paris, France, 93400 | https://www.alstom.com |
| Siemens Energy AG Ordinary Shares | View profile | 97000 | Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 | https://www.siemens-energy.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Mexico power transformer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to power transformer market will help companies and investors design strategic landscapes.
Shell was the largest segment with a revenue share of 44.61% in 2024. Horizon Databook has segmented the Mexico power transformer market based on closed, shell, berry covering the revenue growth of each sub-segment from 2021 to 2033.
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Our clientele includes a mix of power transformer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico power transformer market , including forecasts for subscribers. This country databook contains high-level insights into Mexico power transformer market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Mexico power transformer market size, by core, 2021-2033 (US$M)
Mexico Power Transformer Market Outlook Share, 2024 & 2033 (US$M)
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