Low Power Transformers Market Report 2026

The low power transformers market size has grown strongly in recent years. It will grow from $39.31 billion in 2025 to $41.76 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to high demand from power plants, adoption in industrial automation, growth in urban infrastructure, increasing electricity consumption, rise in small-scale manufacturing units.

The low power transformers market size is expected to see strong growth in the next few years. It will grow to $54.26 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to advancements in transformer materials, expansion of smart grids, integration with renewable energy sources, demand for compact and modular transformers, growth in electric vehicle charging infrastructure. Major trends in the forecast period include smart transformers, energy-efficient power management, predictive maintenance solutions, grid modernization initiatives, renewable energy integration.

Increasing demand for electric vehicles is expected to fuel the growth of the low-power transformers market moving forward. An electric vehicle refers to a vehicle equipped with an electric motor powered by energy stored in a battery that can be recharged from an external source. Low-power transformers are utilized to convert AC power from the charging station into the DC power needed to charge an electric vehicle’s battery. For example, according to Sustainable Bus, an Italy-based media outlet specializing in clean buses and sustainability, electric bus registrations in Europe rose by 53% in 2023 compared to 2022. Therefore, the rising demand for electric vehicles is driving the growth of the low-power transformers market.

The integration of renewable energy is anticipated to support the expansion of the low-power transformers market moving forward. Renewable energy integration refers to the process of incorporating electricity generated from renewable sources such as solar, wind, and hydropower into the current electrical grid. Renewable energy adoption is increasing due to falling technology costs and supportive government policies that encourage clean energy development through tax credits and renewable portfolio standards. Integrating renewable energy creates greater demand for specialized electrical equipment capable of handling variable power flows and voltage regulation requirements associated with renewable energy systems. For instance, in January 2024, according to the U.S. Energy Information Administration, a U.S.-based federal agency responsible for collecting and analyzing energy data, planned solar projects are expected to increase the electric power sector’s solar capacity by 38%, rising from 95 gigawatts (GW) at the end of 2023 to 131 GW by the end of 2024. Therefore, the integration of renewable energy is driving the growth of the low-power transformers market.

Major companies operating in the low-power transformer market are concentrating on launching compact transformers to gain a competitive advantage. A low-power compact transformer is a transformer designed to deliver efficient power transfer while reducing energy loss. For example, in October 2024, Bourns Inc., a U.S.-based electronics manufacturer, introduced an AEC-Q200 compliant, automotive-grade, low-profile, high-creepage isolation transformer. This model is engineered for high power density and efficiency in a compact design, making it suitable for gate drives and high-voltage battery management systems. It operates on a standard 12V supply with a wide 10-24V input range and incorporates an advanced coil design to enhance safety and performance. This series broadens Bourns’ range of low-power, high-creepage isolation transformers and is optimized for use with SiC, IGBT, and GaN switching components in automotive, industrial, and energy storage applications.

Major companies operating in the low power transformers market are ABB, GE Grid Solutions, Qualitrol, Horstmann, State Grid Corporation of China, Tianwei Baobian Electric, Hyosung Corporation, Crompton Greaves, Bharat Heavy Electricals Limited, SPX Transformer Solutions, Jiangsu Huapeng Transformer, Hammond Power Solutions, SolaHD, Acme Electric, Jefferson Electric, Marcus Transformer, Dachi Electric, Zelisko, Siemens Energy, Mitsubishi Electric, Toshiba Energy Systems & Solutions, Fuji Electric.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the low power transformer market by increasing import costs for core components and raw materials, leading to higher manufacturing expenses and supply chain delays. This impact is most pronounced in regions dependent on imports such as Asia-Pacific and Europe. Industrial and power plant segments face higher costs due to tariffs, while local manufacturing initiatives may benefit from reduced foreign competition. Overall, tariffs are pushing companies to explore domestic sourcing and invest in innovation for cost-effective transformer solutions.

The low power transformers market research report is one of a series of new reports that provides low power transformers market statistics, including low power transformers industry global market size, regional shares, competitors with a low power transformers market share, detailed low power transformers market segments, market trends and opportunities, and any further data you may need to thrive in the low power transformers industry. This low power transformers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Low power transformers are specifically categorized as power transformers with ratings ranging from 100 MVA to 500 MVA. These transformers are static devices that operate based on the principles of mutual induction, enabling the transformation of power from one electrical circuit to another without altering the frequency.

The product types are prevalent such as split-core and solid-core transformers. Split-core current transformers are designed for application in semi-permanent systems. They feature a transformer with one of its cores that can be extended or repositioned around the conductor and subsequently secured using a latch or another type of flange. Cooling methods for these transformers include both oil cooling and air cooling. These versatile transformers find various applications across power plants, factories, and other industrial settings.Asia-Pacific was the largest region in the low power transformers market in 2025. Western Europe is the second-largest region in the low power transformers market. The regions covered in the low power transformers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the low power transformers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The low power transformers market consists of sales of solid-core low power transformers, split-core low power transformers, and other low power transformers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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