Delray Beach, FL, Aug. 17, 2026 (GLOBE NEWSWIRE) -- According to MarketsandMarkets, the global Power Transformer Market size is projected to reach USD...

The global power transformer market is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period.The global Power...

Solidifies Leadership in North American Extra High Voltage Power Transformer Market Holds groundbreaking ceremony for second U.S. plant; completion scheduled for April next year Expands production capacity by 50% and adds 765-kilovolt-class manufacturing capability; annual revenue expected to increase by 200 billion won Continues long-term U.S. investment following establishment of first local production subsidiary by a Korean power equipment company in 2011 Expansion of extra high voltage power transformer production capacity to further strengthen leadership in the North American market SEOUL, South Korea, March 9, 2026 /PRNewswire/ — HD Hyundai Electric has commenced expanding its North American production subsidiary, further […]

Hyosung Chairman Cho Hyun-Joon Aims to Make the Memphis Power Transformer Plant the Largest Transformer Factory in the U.S. SEOUL, South Korea, Dec. 12, 2025 /PRNewswire/ — Hyosung Heavy Industries announced that it will invest $157 million in its Power transformer plant located in Memphis, Tennessee, to expand Power transformer production capacity by more than 50% by 2028. Total $300 Million Investment Makes the Plant the Largest Transformer Facility in the U.S. Hyosung Heavy Industries’ additional expansion follows the directive of Chairman Cho Hyun-Joon, who emphasized the need to establish a forward-looking operating framework that positions the company ahead of […]

Hitachi Energy has started construction on a significant expansion to its campus located in South Boston, Virginia, which will create what is recognized as the United States’ largest power transformer factory. This project aims to address growing requirements for these vital pieces of equipment amid an aging electrical grid facing increased strain. The $457 million