Georgia Transformer Market (2024-2030) | Value, Growth, Share, Forecast, Trends, Industry, Size, Revenue, Outlook, Companies & Analysis

Topics Covered in Georgia Transformer Market Report

Georgia Transformer Market report thoroughly covers the market by Core, Product, Winding, Application, Cooling, Phase, and Rating. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Georgia Transformer Market Synopsis

Georgia Transformer Market is attaining a faster growth and it is anticipated to rise more significantly due to the increasing demand for power, the rising population of the country, numerous developments in the renewable energy landscape in Georgia as well as the support from the government of the country.

According to 6Wresearch, Georgia Transformer Market size is projected to attain a CAGR of 5.10% during 2024-2030.  The Georgia transformer market is expected to grow significantly in the near future due to several factors. To begin with, the state’s increasing demand for power has spurred the growth of the transformer market. With Georgia’s population forecasted to reach 15 million by 2050, efficient power distribution systems are a necessity. Moreover, numerous developments in the renewable energy landscape in Georgia provide additional growth opportunities for the transformer market. For example, the proposed offshore wind farm project, which the state’s governor has championed, is expected to augment Georgia’s generation capacity by 2050 and further increase the demand for transformers. These factors have been stimulating Georgia Transformer Market Growth.

Despite the promising prospects, the Georgia transformer market faces significant challenges. One of the significant hurdles is the increasing competition among transformer manufacturers due to the market's saturated nature. The decline in investment in infrastructure projects by the state is also an obstacle that could reduce the growth of the market. Another issue is the lack of proper maintenance and renovation of existing electrical grids, leading to their aging and eventual failure. This problem puts pressure on the transformer industry to keep up with the increasing power demands of Georgia residents.

Georgia Transformer Industry: Leading Companies

Several large transformer manufacturing firms, such as Siemens AG, Hitachi, LSIS, Mitsubishi Electric, and ABB, have a significant presence in the Georgia transformer market. Other companies that have gradually built a presence in Georgia's transformer market include BHEL, Bharat Transformers Ltd., and Crompton Greaves.

Transformer Market in Georgia: Government Regulations

The Georgia Public Service Commission (PSC) regulates the power industry and its stakeholders in Georgia, including the transformer industry. The PSC establishes tariffs, provides oversight of the distribution and delivery of power, and approves grid expansion plans. The government's regulations also drive energy-saving efforts in the state through legislation such as the Georgia Energy Efficiency and Sustainable Infrastructure Act (EESI) that sets targets for conservation and sustainability.

Market Segmentation by Core

On the basis of core, the closed-core transformer segment in the market is the largest, and it accounts for more than 60% of the market share.

Market Segmentation by Product

According to Dhaval, Research Manager, 6Wresearch, the Distribution segment of the market is likely to register faster and more prominent growth due to rising urbanization as well as industrialization further leading to the expansion of the transformer industry.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Georgia Transformer Market Outlook
• Market Size of Georgia Transformer Market, 2023
• Forecast of Georgia Transformer Market, 2030
• Historical Data and Forecast of Georgia Transformer Revenues & Volume for the Period 2020 - 2030
• Georgia Transformer Market Trend Evolution
• Georgia Transformer Market Drivers and Challenges
• Georgia Transformer Price Trends
• Georgia Transformer Porter's Five Forces
• Georgia Transformer Industry Life Cycle
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Core for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Closed for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Shell for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Berry for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Power transformer for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Distribution transformer for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Instrument transformer for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Winding for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Two-winding for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Auto-transformer for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Residential & Commercial for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Utility for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Cooling for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Dry type for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Oil Immersed for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Insulation for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Gas for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Oil for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Solid for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Air for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Phase for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Single phase for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By 3 - phase for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By Rating for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By ? 10 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By 11 MVA to 60 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By 61 MVA to 600 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Georgia Transformer Market Revenues & Volume By > 600 MVA for the Period 2020 - 2030
• Georgia Transformer Import Export Trade Statistics
• Market Opportunity Assessment By Core
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Winding
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Cooling
• Market Opportunity Assessment By Insulation
• Market Opportunity Assessment By Phase
• Market Opportunity Assessment By Rating
• Georgia Transformer Top Companies Market Share
• Georgia Transformer Competitive Benchmarking By Technical and Operational Parameters
• Georgia Transformer Company Profiles
• Georgia Transformer Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Core

• Closed
• Shell
• Berry

By Product

• Power Transformer
• Distribution Transformer
• Instrument Transformer
• Others

By Winding

• Two-Winding
• Auto-Transformer

By Application

• Residential & Commercial
• Utility
• Industrial

By Cooling

• Dry Type
• Oil Immersed

By Phase

• Single Phase
• 3 – Phase

By Rating

• 10 MVA
• 11 MVA To 60 MVA
• 61 MVA To 600 MVA
• > 600 MVA

Georgia Transformer Market (2024-2030): FAQ