Power Transformer Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War
The global power transformer market is expected to grow at a CAGR of around 7.0% during 2025-2034. This report on global power transformer market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global power transformer market by segmenting the market based on type, phase, rating, application and region. Also, detailed profiles of companies operating in the power transformer market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Integration of Renewable Energy Generation • Aging Power Grids and Investments
Market Challenges
• Lack Of Investor Confidence
Historical & Forecast Period
Base Year: 2024 Historical Period: 2020-2024 Forecast Period: 2025-2034
Market by Type
• Oil Filled • Dry Type
Market by Phase
• Single • Three
Market by Rating
• 100 MVA to 500 MVA • 501 MVA to 800 MVA • 801 MVA to 1200 MVA
Market by Application
• Residential • Commercial • Industrial
Market by Region
• Europe Germany United Kingdom France Italy Spain Russia Netherlands Rest of Europe • North America United States Canada • Asia Pacific China Japan India South Korea Australia Indonesia Rest of Asia Pacific • Latin America Mexico Brazil Argentina Rest of Latin America • Middle East & Africa Saudi Arabia Turkey Iran United Arab Emirates Rest of Middle East & Africa
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. Global Power Transformer Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. Global Power Transformer Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Power Transformer Market by Type
5.1. Introduction
5.2. Oil Filled
5.3. Dry Type
6. Global Power Transformer Market by Phase
6.1. Introduction
6.2. Single
6.3. Three
7. Global Power Transformer Market by Rating
7.1. Introduction
7.2. 100 MVA to 500 MVA
7.3. 501 MVA to 800 MVA
7.4. 801 MVA to 1200 MVA
8. Global Power Transformer Market by Application
8.1. Introduction
8.2. Residential
8.3. Commercial
8.4. Industrial
9. Global Power Transformer Market by Region
9.1. Introduction
9.2. Europe
9.2.1. Germany
9.2.2. United Kingdom
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Russia
9.2.7. Netherlands
9.2.8. Rest of the Europe
9.3. North America
9.3.1. United States
9.3.2. Canada
9.4. Asia Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. South Korea
9.4.5. Australia
9.4.6. Indonesia
9.4.7. Rest of the Asia Pacific
9.5. Latin America
9.5.1. Mexico
9.5.2. Brazil
9.5.3. Argentina
9.5.4. Rest of Latin America
9.6. Middle East & Africa
9.6.1. Saudi Arabia
9.6.2. Turkey
9.6.3. Iran
9.6.4. United Arab Emirates
9.6.5. Rest of Middle East & Africa
10. SWOT Analysis
11. Porter’s Five Forces
12. Market Value Chain Analysis
13. Competitive Landscape
13.1. Competitive Scenario
13.2. Company Profiles
13.2.1. ABB Ltd.
13.2.2. ALTRAFO Srl
13.2.3. Altro Transformers Pty. Ltd.
13.2.4. CG Power and Industrial Solutions Ltd.
13.2.5. DuPont de Nemours Inc.
13.2.6. Eaton Corp. Plc
13.2.7. Etel Transformers Pty ltd
13.2.8. Fuji Electric Co. Ltd.
13.2.9. General Electric Co.
13.2.10. Hammond Power Solutions Inc.
13.2.11. Hitachi Ltd.
13.2.12. Hyundai Electric and Energy Systems Co. Ltd.
13.2.13. Kirloskar Electric Co. Ltd.
13.2.14. Layer Electronics Srl
13.2.15. MGM Transformer Co.
List of Figures
Figure 1: Global Power Transformer Market (in US$ Million), 2020-2024
Figure 2: Global Power Transformer Market by Type, 2024
Figure 3: Global Power Transformer Market by Phase, 2024
Figure 4: Global Power Transformer Market by Rating, 2024
Figure 5: Global Power Transformer Market by Application, 2024
Figure 6: Global Power Transformer Market by Region, 2024
Figure 7: Global Power Transformer Market (in US$ Million), 2025-2034
Figure 8: Global Power Transformer Market by Type (in %), 2024 & 2034
Figure 9: Global Oil Filled Power Transformer Market (in US$ Million), 2020-2024
Figure 10: Global Oil Filled Power Transformer Market (in US$ Million), 2025-2034
Figure 11: Global Dry Type Power Transformer Market (in US$ Million), 2020-2024
Figure 12: Global Dry Type Power Transformer Market (in US$ Million), 2025-2034
Figure 13: Global Power Transformer Market by Phase (in %), 2024 & 2034
Figure 14: Global Single Power Transformer Market (in US$ Million), 2020-2024
Figure 15: Global Single Power Transformer Market (in US$ Million), 2025-2034
Figure 16: Global Three Power Transformer Market (in US$ Million), 2020-2024
Figure 17: Global Three Power Transformer Market (in US$ Million), 2025-2034
Figure 18: Global Power Transformer Market by Rating (in %), 2024 & 2034
Figure 19: Global 100 MVA to 500 MVA Power Transformer Market (in US$ Million), 2020-2024
Figure 20: Global 100 MVA to 500 MVA Power Transformer Market (in US$ Million), 2025-2034
Figure 21: Global 501 MVA to 800 MVA Power Transformer Market (in US$ Million), 2020-2024
Figure 22: Global 501 MVA to 800 MVA Power Transformer Market (in US$ Million), 2025-2034
Figure 23: Global 801 MVA to 1200 MVA Power Transformer Market (in US$ Million), 2020-2024
Figure 24: Global 801 MVA to 1200 MVA Power Transformer Market (in US$ Million), 2025-2034
Figure 25: Global Power Transformer Market by Application (in %), 2024 & 2034
Figure 26: Global Residential Power Transformer Market (in US$ Million), 2020-2024
Figure 27: Global Residential Power Transformer Market (in US$ Million), 2025-2034
Figure 28: Global Commercial Power Transformer Market (in US$ Million), 2020-2024
Figure 29: Global Commercial Power Transformer Market (in US$ Million), 2025-2034
Figure 30: Global Industrial Power Transformer Market (in US$ Million), 2020-2024
Figure 31: Global Industrial Power Transformer Market (in US$ Million), 2025-2034
Figure 32: Global Power Transformer Market by Region (in %), 2024 & 2034
Figure 33: Europe Power Transformer Market (in US$ Million), 2020-2024
Figure 34: Europe Power Transformer Market (in US$ Million), 2025-2034
Figure 35: Europe Power Transformer Market by Country (in %), 2024 & 2034
Figure 36: Germany Power Transformer Market (in US$ Million), 2020-2034
Figure 37: United Kingdom Power Transformer Market (in US$ Million), 2020-2034
Figure 38: France Power Transformer Market (in US$ Million), 2020-2034
Figure 39: Italy Power Transformer Market (in US$ Million), 2020-2034
Figure 40: Spain Power Transformer Market (in US$ Million), 2020-2034
Figure 41: Russia Power Transformer Market (in US$ Million), 2020-2034
Figure 42: Netherlands Power Transformer Market (in US$ Million), 2020-2034
Figure 43: North America Power Transformer Market (in US$ Million), 2020-2024
Figure 44: North America Power Transformer Market (in US$ Million), 2025-2034
Figure 45: North America Power Transformer Market by Country (in %), 2024 & 2034
Figure 46: United States Power Transformer Market (in US$ Million), 2020-2034
Figure 47: Canada Power Transformer Market (in US$ Million), 2020-2034
Figure 48: Asia Pacific Power Transformer Market (in US$ Million), 2020-2024
Figure 49: Asia Pacific Power Transformer Market (in US$ Million), 2025-2034
Figure 50: Asia Pacific Power Transformer Market by Country (in %), 2024 & 2034
Figure 51: China Power Transformer Market (in US$ Million), 2020-2034
Figure 52: Japan Power Transformer Market (in US$ Million), 2020-2034
Figure 53: India Power Transformer Market (in US$ Million), 2020-2034
Figure 54: South Korea Power Transformer Market (in US$ Million), 2020-2034
Figure 55: Australia Power Transformer Market (in US$ Million), 2020-2034
Figure 56: Indonesia Power Transformer Market (in US$ Million), 2020-2034
Figure 57: Latin America Power Transformer Market (in US$ Million), 2020-2024
Figure 58: Latin America Power Transformer Market (in US$ Million), 2025-2034
Figure 59: Latin America Power Transformer Market by Country (in %), 2024 & 2034
Figure 60: Mexico Power Transformer Market (in US$ Million), 2020-2034
Figure 61: Brazil Power Transformer Market (in US$ Million), 2020-2034
Figure 62: Argentina Power Transformer Market (in US$ Million), 2020-2034
Figure 63: Middle East & Africa Power Transformer Market (in US$ Million), 2020-2024
Figure 64: Middle East & Africa Power Transformer Market (in US$ Million), 2025-2034
Figure 65: Middle East & Africa Power Transformer Market by Country (in %), 2024 & 2034
Figure 66: Saudi Arabia Power Transformer Market (in US$ Million), 2020-2034
Figure 67: Turkey Power Transformer Market (in US$ Million), 2020-2034
Figure 68: Iran Power Transformer Market (in US$ Million), 2020-2034
Figure 69: UAE Power Transformer Market (in US$ Million), 2020-2034
Figure 70: Market Value Chain
List of Tables
Table 1: Global Power Transformer Market Portraiture
Table 2: Global Power Transformer Market by Type (in US$ Million), 2024 & 2034
Table 3: Global Power Transformer Market by Phase (in US$ Million), 2024 & 2034
Table 4: Global Power Transformer Market by Rating (in US$ Million), 2024 & 2034
Table 5: Global Power Transformer Market by Application (in US$ Million), 2024 & 2034
Table 6: Global Power Transformer Market by Region (in US$ Million), 2024 & 2034
Table 7: Europe Power Transformer Market by Country (in US$ Million), 2024 & 2034
Table 8: North America Power Transformer Market by Country (in US$ Million), 2024 & 2034
Table 9: Asia Pacific Power Transformer Market by Country (in US$ Million), 2024 & 2034
Table 10: Latin America Power Transformer Market by Country (in US$ Million), 2024 & 2034
Table 11: Middle East & Africa Power Transformer Market by Country (in US$ Million),