Phase Shifting Transformer Market Size

Phase Shifting Transformer Market Size

The global phase shifting transformer market was valued at USD 172.4 million in 2024 and is poised to witness more than 6.6% CAGR from 2025 to 2034. As renewable energy sources like wind and solar become more prevalent, their intermittent nature places new demands on grid stability. PSTs are increasingly adopted to control power flow between grid sections, reduce bottlenecks, and stabilize voltage, making them crucial for modern grid infrastructure. Many countries are investing in upgrading aging grid infrastructure, which includes the integration of advanced PSTs to manage power distribution more efficiently. This demand is particularly high in regions undergoing rapid industrialization or where aging infrastructure requires modernization.

Innovations in transformer technology, such as digital monitoring systems and IoT integration, are enhancing PST functionality. Advanced sensors and data analytics allow real-time monitoring and predictive maintenance, improving transformer lifespan and efficiency. PSTs help reduce energy loss by efficiently managing power flow, which is aligned with global efforts toward energy conservation. Their role in optimizing energy efficiency appeals to utilities and governments aiming to reduce carbon emissions and improve power delivery.