Global Voltage Transformers for Power Industry Market Growth 2025-2031

The global Voltage Transformers for Power market size is predicted to grow from US$ 390 million in 2025 to US$ 563 million in 2031; it is expected to grow at a CAGR of 6.3% from 2025 to 2031.

Voltage transformers (VTs), also known as potential transformers (PTs), are critical components in the power industry. Their primary function is to step down high voltages from power transmission and distribution systems to lower, standardized levels for safe measurement, monitoring, and control.

United States market for Voltage Transformers for Power is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Voltage Transformers for Power is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Voltage Transformers for Power is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Voltage Transformers for Power players cover Hitachi Energy, Schneider Electric, ABB, Siemens, GE, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Voltage Transformers for Power Industry Forecast” looks at past sales and reviews total world Voltage Transformers for Power sales in 2024, providing a comprehensive analysis by region and market sector of projected Voltage Transformers for Power sales for 2025 through 2031. With Voltage Transformers for Power sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Voltage Transformers for Power industry.

This Insight Report provides a comprehensive analysis of the global Voltage Transformers for Power landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Voltage Transformers for Power portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Voltage Transformers for Power market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Voltage Transformers for Power and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Voltage Transformers for Power.

This report presents a comprehensive overview, market shares, and growth opportunities of Voltage Transformers for Power market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Electromagnetic Voltage Transformer
Non-Electromagnetic Voltage Transformer

Segmentation by Application:
Power Plant
Substation

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hitachi Energy
Schneider Electric
ABB
Siemens
GE
Emek
Indian Transformers
Trench
RITZ Instrument Transformers
Amran Instrument Transformers
Xiamen Andaxing Electric Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Voltage Transformers for Power market?

What factors are driving Voltage Transformers for Power market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Voltage Transformers for Power market opportunities vary by end market size?

How does Voltage Transformers for Power break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.