Power Transformer Market size to exceed $35bn by 2024

Power Transformer Market size will exceed USD 35 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.

Transformer industry in the current scenario, has gained upsurge on account of rising demand for energy and positive government reforms pertaining to the development of ageing grid network. Moreover, efforts to advance energy efficiency in line with growing transmission losses have favoured the demand for technological enhancements and capacity expansion. Manufacturers, on account of comprehensive inorganic strategic implications and research & development activities have been further energizing their industry landscape.


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Power transformer market has overserved paradigm shift in the product demand owing to the increased fund allocation for the enhancement of long-route power network. The United States Government, in 2017, has planned to capitalize USD 10 billion to develop distribution network which will diminish the curtailment rate in the Western transmission infrastructure. Increasing emphasis on the renovation of the conventional electrical setup with advanced high-quality systems will further favor the product deployment.

Indoor transformers reduce maintenance, maintain the aesthetic proximity and develop the operability. Manufacturers have introduced devices with specifications including automated self-assessment which will further ease the end-user in order to effectively handle & avoid minor operational disturbances. Furthermore, technological advancements and rigorous R&D has led the manufacturers to avail variants with diverse rating, insulation and similar features at competitive prices & compact size.

U.S. Power Transformer Industry Size, By Core, 2016 & 2024 (USD Billion)
Power Transformer Market

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Browse key industry insights spread across 690 pages with 1768 market data tables & 16 figures & charts from the report, “Power Transformer Market Size By Core (Closed, Shell, Berry), By Winding (Two winding, Auto-transformer), By Installation (Outdoor, Indoor), By Cooling (Dry type {Self-air, Air blast}, Oil immersed {Self cooled, Water cooled, Forced oil}), By Insulation (Gas, Oil, Solid, Air), By Phase (Three, Single), By Rating (100 to 500 MVA, 501 to 800 MVA, > 800 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial {Hotels, Hospitals, Societies}, Utility, Industrial {Railways, Cement, Power, Oil & Gas}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, Russia, UK, Italy, Spain, Netherlands, Austria, Denmark, Sweden, China, Japan, South Korea, India, Australia, New Zealand, Malaysia, Indonesia, Saudi Arabia, UAE, Qatar, Egypt, South Africa, Nigeria, Kuwait, Oman, Israel, Turkey, Brazil, Peru, Argentina), Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

Shell core transformers have witnessed extensive integration on account of effective operational life expectancy and sustainable transformation capacities. Low iron losses & flux leakage and higher mechanical strength when compared to its available alternatives will further positively sway the business potential. However, enhanced smart technologies in line with measures toward energy efficiency have led to the integration of a variety of substitute core technologies.

Three-phase units owing to their effective feasibility across utility-aided distribution network and large-scale industrial establishments holds a major revenue share. However, growing demand for power reliability and high ampacity across the industrial deployments including oil & gas and mining will augment the business dynamics. Moreover, the effective long-route power supply along with lower transmission losses will further complement the power transformer market.

Oil immersed units across the power transformer market exceeded USD 15 billion by 2016. Effective cooling properties along with efficient compatibility across high-tension (HT) developments in comparison to its available counterparts will stimulate the product penetration. The technology, in the recent years has gained impetus owing to its optimum cooling strength & easy installation. However, leakage, health and fire hazards related to these products may hamper the product deployment.

Prominent power transformer market participants include Toshiba, Hyundai Electric, Hyosung, BHEL, Daihen, Kirloskar, Celme, SPX Transformer, Schneider Electric, CG, Eaton, Siemens, Mitsubishi, GE, ABB and Eaton.

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Power transformer market research report includes in-depth coverage of the industry with estimates & forecast both in terms of Units and USD from 2013 to 2024, for the following segments:

Power Transformer Market, By Core

  • Closed
  • Shell
  • Berry

By Winding

  • Two-winding
  • Autotransformer

By Installation

  • Outdoor
  • Indoor

By Cooling

  • Dry type
    • Self-air
    • Air blast
  • Oil immersed
    • Self-cooled
    • Water-cooled
    • Forced oil
    • Others

By Insulation

  • Gas
  • Oil
  • Solid
  • Air
  • Others

By Phase

  • 3-phase
  • Single

By Rating

  • 100 MVA to 500 MVA
  • 501 MVA to 800 MVA
  • > 800 MVA

By Mounting

  • Pad
  • Pole
  • PC/PCB
  • Others

By Application

  • Residential & Commercial
    • Hotels
    • Hospitals
    • Apartments
    • Others
  • Utility
  • Industrial
    • Railways
    • Cement
    • Power
    • Oil & Gas
    • Others

The above information is provided on a country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
    • Denmark
    • Sweden
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • New Zealand
    • Malaysia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Nigeria
    • Egypt
    • Kuwait
    • Oman
    • Israel
    • Turkey
  • Latin America
    • Brazil
    • Peru
    • Argentina


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