Green Power Transformer Market Size

Green Power Transformer Market Size

The global green power transformer market size was assessed at USD 1.2 billion in 2024 and is set to witness a CAGR of 6.8% through 2034, due to the amplifying focus being paid to enhancing energy efficiency. There is rising interest in the manufacturing of high-power transformers that utilize new materials such as amorphous steel cores that assists in reduction of no load losses. These transformers are suitable for reducing the operational costs, conforming to the global sustainability and green goals and remaining within the rapidly changing regulatory framework.

Due to the current trend of switching to greener forms of energy including solar, wind, and hydroelectric energy, there is an escalating requirement for transformers which can efficiently transfer these types of energy. Green power transformers have been proven useful in tackling the challenges that come with renewable energy such as varying loads and grid stability. These features help in ensuring green grid development.