TBEA Co., Ltd. Class A 600089

Power Automation (PA), a wholly-owned subsidiary of SP Group, announced today that it has signed an exclusive distributorship agreement with global power solutions provider TBEA Co., Ltd. (TBEA), which will enable PA to expand its portfolio of power equipment and solutions in Singapore.

The global power transformer market, valued at USD 28.92 billion in 2025, is projected to reach USD 52.16 billion by 2033, with a robust CAGR of 7.65%. This growth is driven by rising electricity demand, infrastructural development, and renewable energy initiatives, enhancing power distribution efficiency. Key players like Bharat Heavy Electricals, Daihen Corporation, and General Electric are pivotal in this sector, offering advanced transformers facilitating efficient energy transfer across ext