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When a transformer is used to bring energy to a collective housing unit, it ensures high levels of dependability and safety while also securing an environmentally friendly electric supply.
A type of housing in which one structure or a group of buildings within a complex contain numerous independent residential housing units. The entryway, stairs, corridors, roof, etc., are typically communally utilized and/or maintained areas in this form of residence.
The global transformer for collective housing market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
It has been announced by Hammond Power Solutions Inc. (HPS) that it has a binding contract to buy the transformer division of Euroelettro spa in Italy. Involved in the design and production of dry type distribution, cast coil, and power transformers on a standard and custom basis, Euroelettro has earned a reputation for its products’ dependability and quality.
A third-generation family-owned firm situated in Elgin, Illinois, with approximately years of operational experience, V&F Transformer Corp., has had its assets purchased by Spire Power Solutions LP, a portfolio company of Mill Point Capital LLC.Custom dry-type transformers and magnetic components are produced by V&F Transformer for end markets such data centers, electric vehicle/battery, and industrial automation. These products are used in equipment for electrical power control and distribution.