The Amorphous Metal Transformers Market is expected to grow from USD 1.30 Billion in 2022 to USD 1.60 Billion by 2030, at a CAGR of 3.10% during the forecast period.
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Amorphous Metal Transformers (AMTs) are energy-efficient transformers made from metallic glasses that possess unique magnetic properties. These transformers are being increasingly adopted due to their lower energy losses and reduced carbon footprint, making them an ideal alternative to traditional transformers. The AMT market is segmented based on type, which includes oil-immersed and dry-type AMTs, and application, which encompasses factories, buildings, utility companies, and others. The AMT market is also geographically segmented into North America, Asia Pacific, Middle East, Africa, Australia, and Europe. Key players operating in the market include Hitachi, Siemens, State Grid Yingda (Zhixin Electric), Jiangsu Yangdian, Toshiba Transmission & Distribution Systems, CREAT, Sunten, CG Power and Industrial Solutions, TBEA, Eaglerise, TATUNG, Henan Longxiang Electrical, Howard Industries, and Powerstar. Regulatory and legal factors specific to market conditions include policies and guidelines aimed at promoting renewable energy, the use of AMTs in smart grid systems, and infrastructure development to improve energy efficiency.
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