Transformers Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030

The latest report "Transformers Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030" offers in-depth analysis of the transformers market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (the US, Brazil, China, India, Japan, Germany, the UK, and Saudi Arabia) levels.
The report analyzes the market value ($m) and market capacity (MVA) for the years of 2020-2030; split between the historical period (2020-2024) and forecast period (2025-2030) across all levels. The report covers country level transformers market overview, transmission network line lengths (Ckm) and substations (units), key policies and regulations, market drivers and restraints, and major upcoming substations projects are also presented. Profiles of major transformer manufacturers are also outlined in the report.
The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by the analyst's team of industry experts.

Scope

The report analyses the transformers market. Its scope includes:

Analysis of the market growth at global and regional levels of Asia-Pacific, Americas, Europe, and Middle East and Africa.
The report provides market analysis for the key countries of the US, Brazil, India, China, Japan, Germany, the UK, and Saudi Arabia.
The report offers market size analysis (value and capacity) for the historical period (2020-2024) and forecast period (2025-2030).
The report provides key market drivers and restraints, major upcoming substations, key policies as well as regulations at country level
Profiles of major transformers manufacturers are also discussed.

Reasons to Buy

The report will enhance your decision-making capability in a more rapid and time sensitive manner. It will allow you to:

Facilitate decision-making by analyzing market data on transformers
Develop strategies based on developments in the market
Identify key business-development avenues, based on an understanding of market trends
Respond to your competitors’ business structure, strategies and prospects.

About the Analyst

1 Executive Summary

1.1 China, The US, and India are the Leading Markets for Power Transformers
1.2 Global Distribution Transformers Market to Register $53.51 billion by 2030, led by Asia-Pacific

2 Introduction

2.1 Power Transformers

Classification of Power Transformers

2.2 Distribution Transformers
2.3 Power Transformers, Global, Value-Chain Analysis
2.4 Transformers, the analyst Report Guidance

3 Transformers, Global

3.1 Global, Market Overview
3.2 Transformers, Global, Market Size Analysis, 2020-2030

Transformers, Global, Market Capacity, 2020-2030
Transformers, Global, Market Value, 2020-2030

4 Transformers, Americas

4.1 Americas, Market Overview
4.2 Transformers, Americas, Market Size Analysis, 2020-2030

Transformers, Americas, Market Capacity, 2020-2030
Transformers, Americas, Market Value, 2020-2030

5 Transformers, The US

5.1 The US, Market Overview
5.2 The US, Key Policies and Regulations

Glimpse of 2025 Budget
Climate Goals in Federal Fiscal Year 2024 Budget
Interconnection Standards
Strategic Reserve Program for Large Power Transformers
Transformer Resilience and Advanced Components (TRAC) Program
DOE’s Energy Efficiency Standards and Requirements for Distribution Transformers
FERC’s New Transmission and Cost Allocation Rule, Order No. 1920

5.3 Transformers, The US, Market Drivers and Restrains

Transformers, The US, Market Drivers
Transformers, The US, Market Restraints

5.4 Transformers, The US, Market Size Analysis, 2020-2030

Transformers, The US, Market Capacity, 2020-2030
Transformers, The US, Market Value, 2020-2030

5.5 Transformers, The US, Major Upcoming Substation Projects

6 Transformers, Brazil

6.1 Brazil, Market Overview
6.2 Brazil, Key Policies and Regulations

National Energy Plan (NPE)
Net Metering for Distributed Generation
National Energy Transition Policy
10 Year Energy Expansion Plan, (PDE) 2034
Transmission Auctions

6.3 Transformers, Brazil, Market Drivers and Restrains

Transformers, Brazil, Market Drivers
Transformers, Brazil, Market Restraints

6.4 Transformers, Brazil, Market Size Analysis, 2020-2030

Transformers, Brazil, Market Capacity, 2020-2030
Transformers, Brazil, Market Value, 2020-2030

6.5 Transformers, Brazil, Major Upcoming Substation Projects

7 Transformers, Asia-Pacific

7.1 Asia-Pacific, Market Overview
7.2 Transformers, Asia-Pacific, Market Size Analysis, 2020-2030

Transformers, Asia-Pacific, Market Capacity, 2020-2030
Transformers, Asia-Pacific, Market Value, 2020-2030

8 Transformers, China

8.1 China, Market Overview
8.2 China, Key Policies and Regulations

Electricity Spot Market
Unified National Power Market Framework
Transmission and Distribution Tariff Reform

8.3 Transformers, China, Market Drivers and Restrains

Transformers, China, Market Drivers
Transformers, China, Market Restraints

8.4 Transformers, China, Market Size Analysis, 2020-2030

Transformers, China, Market Capacity, 2020-2030
Transformers, China, Market Value, 2020-2030

8.5 Transformers, China, Major Upcoming Substation Projects

9 Transformers, India

9.1 India, Market Overview
9.2 India, Key Policies and Regulations

Union Budget Allocation 2023-2024
Cross Border Power Trade Regulation
Green Energy Corridor
Interstate Transmission Network System (ISTS)-Connected Wind-Solar Hybrid Power Projects
Extension on Waiver of Inter-State Transmission Charges
National Electricity Plan (NEP, 2024)

9.3 Transformers, India, Market Drivers and Restrains

Transformers, India, Market Drivers
Transformers, India, Market Restraints

9.4 Transformers, India, Market Size Analysis, 2020-2030

Transformers, India, Market Capacity, 2020-2030
Transformers, India, Market Value, 2020-2030

9.5 Transformers, India, Major Upcoming Substation Projects

10 Transformers, Japan

10.1 Japan, Market Overview
10.2 Japan, Key Policies and Regulations

Sixth Strategic Energy Plan, 2021
Basic Energy Plan until 2030
Grid-Connected Power Receiving Service Charges

10.3 Transformers, Japan, Market Drivers and Restrains

Transformers, Japan, Market Drivers
Transformers, Japan, Market Restrains

10.4 Transformers, Japan, Market Size Analysis, 2020-2030

Transformers, Japan, Market Capacity, 2020-2030
Transformers, Japan, Market Value, 2020-2030

10.5 Transformers, Japan, Major Upcoming Substation Projects

11 Transformers, EMEA

11.1 EMEA, Market Overview
11.2 Transformers, EMEA, Market Size Analysis, 2020-2030

Transformers, EMEA, Market Capacity, 2020-2030
Transformers, EMEA, Market Value, 2020-2030

12 Transformers, The UK

12.1 The UK, Market Overview
12.2 The UK, Key Policies and Regulations

Review of Electricity Market Arrangements (REMA)
Pathway to 2030
Transmission Acceleration Action Plan (TAAP)
Energy Act 2023
Connections Action Plan (CAP)
Competitively Appointed Transmission Owner (CATO)

12.3 Transformers, The UK, Market Drivers and Restrains

Transformers, The UK, Market Drivers
Transformers, The UK, Market Restrains

12.4 Transformers, The UK, Market Size Analysis, 2020-2030

Transformers, UK, Market Capacity, 2020-2030
Transformers, The UK, Market Value, 2020-2030

12.5 Transformers, The UK, Major Upcoming Substation Projects

13 Transformers, Germany

13.1 Germany, Market Overview
13.2 Germany, Key Policies and Regulations

Electricity Network Development Plan (Netzentwicklungsplan - NEP) 2023 - 2037/2045

13.3 Transformers, Germany, Market Drivers and Restrains

Transformers, Germany, Market Drivers
Transformers, Germany, Market Restrains

13.4 Transformers, Germany, Market Size Analysis, 2020-2030

Transformers, Germany, Market Capacity, 2020-2030
Transformers, Germany, Market Value, 2020-2030

13.5 Transformers, Germany, Major Upcoming Substation Projects

14 Transformers, Saudi Arabia

14.1 Saudi Arabia, Market Overview
14.2 Saudi Arabia, Key Policies and Regulations

Saudi Vision 2030 and National Renewable Energy Program (NREP)

14.3 Transformers, Saudi Arabia, Market Drivers and Restrains

Transformers, Saudi Arabia, Market Drivers
Transformers, Saudi Arabia, Market Restrains

14.4 Transformers, Saudi Arabia, Market Size Analysis, 2020-2030

Transformers, Saudi Arabia, Market Capacity, 2020-2030
Transformers, Saudi Arabia, Market Value, 2020-2030

14.5 Transformers, Saudi Arabia, Major Upcoming Substation Projects

15 Transformers, Major Company Profiles

15.1 Siemens Energy AG
15.2 Hitachi Energy Ltd
15.3 Schneider Electric SE
15.4 GE Vernova Inc
15.5 Eaton Corporation Plc
15.6 Mitsubishi Electric Corp
15.7 CG Power and Industrial Solutions Ltd
15.8 Toshiba Energy Systems and Solutions Corp
15.9 HD Hyundai Electric Co Ltd
15.10 TBEA Co Ltd

16 Appendix

16.1 Abbreviations
16.2 Bibliography
16.3 Research Methodology

Power Transformers
Distribution Transformers

16.4 Data Aggregation

Primary Research
Secondary Research
Data Analysis and Findings
Contact the Publisher

List of Tables

Table 1: Power Transformers, Global, Market Capacity (GVA), 2020-2030
Table 2: Distribution Transformers, Global, Market Capacity (GVA), 2020-2030
Table 3: Power Transformers, Global, Market Value ($bn), 2020-2030
Table 4: Distribution Transformers, Global, Market Value ($bn), 2020-2030
Table 5: Power Transformers, Americas, Market Capacity (GVA), 2020-2030
Table 6: Distribution Transformers, Americas, Market Capacity (GVA), 2020-2030
Table 7: Power Transformers, Americas, Market Value ($bn), 2020-2030
Table 8: Distribution Transformers, Americas, Market Value ($bn), 2020-2030
Table 9: Transmission System Overview, The US, 2020-2030
Table 10: Distribution System Overview, The US, 2020-2030
Table 11: The US, TRAC Program Focus Areas, Technologies, and Objectives
Table 12: The US, Energy Standards for Distribution Transformers
Table 13: Power Transformers, The US, Market Capacity (MVA), 2020-2030
Table 14: Distribution Transformers, The US, Market Capacity (MVA), 2020-2030
Table 15: Power Transformers, The US, Market Value ($m), 2020-2030
Table 16: Distribution Transformers, The US, Market Value ($m), 2020-2030
Table 17: Transformers, The US, Major Upcoming Substation Projects
Table 18: Transmission System Overview, Brazil, 2020-2030
Table 19: Distribution System Overview, Brazil, 2020-2030
Table 20: Power Transformers, Brazil, Market Capacity (MVA), 2020-2030
Table 21: Distribution Transformers, Brazil, Market Capacity (MVA), 2020-2030
Table 22: Power Transformers, Brazil, Market Value ($m), 2020-2030
Table 23: Distribution Transformers, Brazil, Market Value ($m), 2020-2030
Table 24: Transformers, Brazil, Major Upcoming Substation Projects
Table 25: Power Transformers, Asia-Pacific, Market Capacity (GVA), 2020-2030
Table 26: Distribution Transformers, Asia-Pacific, Market Capacity (GVA), 2020-2030
Table 27: Power Transformers, Asia-Pacific, Market Value ($bn), 2020-2030
Table 28: Distribution Transformers, Asia-Pacific, Market Value ($bn), 2020-2030
Table 29: Transmission System Overview, China, 2020-2030
Table 30: Distribution System Overview, China, 2020-2030
Table 31: China, Pricing Cycles of Provincial Power Transmission and Distribution Tariffs
Table 32: Power Transformers, China, Market Capacity (MVA), 2020-2030
Table 33: Distribution Transformers, China, Market Capacity (MVA), 2020-2030
Table 34: Power Transformers, China, Market Value ($m), 2020-2030
Table 35: Distribution Transformers, China, Market Value ($m), 2020-2030
Table 36: Transformers, China, Major Upcoming Substation Projects
Table 37: Transmission System Overview, India, 2020-2030
Table 38: Distribution System Overview, India, 2020-2030
Table 39: Power Transformers, India, Market Capacity (MVA), 2020-2030
Table 40: Distribution Transformers, India, Market Capacity (MVA), 2020-2030
Table 41: Power Transformers, India, Market Value ($m), 2020-2030
Table 42: Distribution Transformers, India, Market Value ($m), 2020-2030
Table 43: Transformers, India, Major Upcoming Substation Projects
Table 44: Transmission System Overview, Japan, 2020-2030
Table 45: Distribution System Overview, Japan, 2020-2030
Table 46: Power Transformers, Japan, Market Capacity (MVA), 2020-2030
Table 47: Distribution Transformers, Japan, Market Capacity (MVA), 2020-2030
Table 48: Power Transformers, Japan, Market Value ($m), 2020-2030
Table 49: Distribution Transformers, Japan, Market Value ($m), 2020-2030
Table 50: Transformers, Japan, Major Upcoming Substation Projects
Table 51: Power Transformers, EMEA, Market Capacity (GVA), 2020-2030
Table 52: Distribution Transformers, EMEA, Market Capacity (GVA), 2020-2030
Table 53: Power Transformers, EMEA, Market Value ($bn), 2020-2030
Table 54: Distribution Transformers, EMEA, Market Value ($bn), 2020-2030
Table 55: Transmission System Overview, The UK, 2020-2030
Table 56: Distribution System Overview, The UK, 2020-2030
Table 57: Power Transformers, The UK, Market Capacity (MVA), 2020-2030
Table 58: Distribution Transformers, The UK, Market Capacity (MVA), 2020-2030
Table 59: Power Transformers, The UK, Market Value ($m), 2020-2030
Table 60: Distribution Transformers, The UK, Market Value ($m), 2020-2030
Table 61: Transformers, The UK, Major Upcoming Substation Projects
Table 62: Transmission System Overview, Germany, 2020-2030
Table 63: Distribution System Overview, Germany, 2020-2030
Table 64: Power Transformers, Germany, Market Capacity (MVA), 2020-2030
Table 65: Distribution Transformers, Germany, Market Capacity (MVA), 2020-2030
Table 66: Power Transformers, Germany, Market Value ($m), 2020-2030
Table 67: Distribution Transformers, Germany, Market Value ($m), 2020-2030
Table 68: Transformers, Germany, Major Upcoming Substation Projects
Table 69: Transmission System Overview, Saudi Arabia, 2020-2030
Table 70: Distribution System Overview, Saudi Arabia, 2020-2030
Table 71: Power Transformers, Saudi Arabia, Market Capacity (MVA), 2020-2030
Table 72: Distribution Transformers, Saudi Arabia, Market Capacity (MVA), 2020-2030
Table 73: Power Transformers, Saudi Arabia, Market Value ($m), 2020-2030
Table 74: Distribution Transformers, Saudi Arabia, Market Value ($m), 2020-2030
Table 75: Transformers, Saudi Arabia, Major Upcoming Substation Projects
Table 76: Siemens Energy AG
Table 77: Hitachi Energy Ltd
Table 78: Transformers, Schneider Electric SE
Table 79: General Electric Co
Table 80: Eaton Corporation Plc
Table 81: Mitsubishi Electric Corp
Table 82: CG Power and Industrial Solutions Ltd
Table 83: Toshiba Energy Systems and Solutions Corp
Table 84: HD Hyundai Electric Co Ltd
Table 85: TBEA Co Ltd
Table 86: Abbreviations
Table 87: Power Transformers, Conversion Factor

List of Figures

Figure 1: Power Transformers, Top Countries, Market Value ($m), 2024, 2030
Figure 2: Distribution Transformers, Global and Regional, Market Value ($bn), 2024 and 2030
Figure 3: Power Transformers, Global, Value-Chain Analysis
Figure 4: Power Transformers, Global, Market Capacity (GVA), 2020-2030
Figure 5: Distribution Transformers, Global, Market Capacity (GVA), 2020-2030
Figure 6: Power Transformers, Global, Market Value ($bn), 2020-2030
Figure 7: Distribution Transformers, Global, Market Value ($bn), 2020-2030
Figure 8: Power Transformers, Americas, Market Capacity (GVA), 2020-2030
Figure 9: Distribution Transformers, Americas, Market Capacity (GVA), 2020-2030
Figure 10: Power Transformers, Americas, Market Value ($bn), 2020-2030
Figure 11: Distribution Transformers, Americas, Market Value ($bn), 2020-2030
Figure 12: Transmission System Overview, The US, 2020-2030
Figure 13: Distribution System Overview, The US, 2020-2030
Figure 14: Power Transformers, The US, Market Capacity (MVA), 2020-2030
Figure 15: Distribution Transformers, The US, Market Capacity (MVA), 2020-2030
Figure 16: Power Transformers, The US, Market Value ($m), 2020-2030
Figure 17: Distribution Transformers, The US, Market Value ($m), 2020-2030
Figure 18: Transmission System Overview, Brazil, 2020-2030
Figure 19: Distribution System Overview, Brazil, 2020-2030
Figure 20: Power Transformers, Brazil, Market Capacity (MVA), 2020-2030
Figure 21: Distribution Transformers, Brazil, Market Capacity (MVA), 2020-2030
Figure 22: Power Transformers, Brazil, Market Value ($m), 2020-2030
Figure 23: Distribution Transformers, Brazil, Market Value ($m), 2020-2030
Figure 24: Power Transformers, Asia-Pacific, Market Capacity (GVA), 2020-2030
Figure 25: Distribution Transformers, Asia-Pacific, Market Capacity (GVA), 2020-2030
Figure 26: Power Transformers, Asia-Pacific, Market Value ($bn), 2020-2030
Figure 27: Distribution Transformers, Asia-Pacific, Market Value ($bn), 2020-2030
Figure 28: Transmission System Overview, China, 2020-2030
Figure 29: Distribution System Overview, China, 2020-2030
Figure 30: Power Transformers, China, Market Capacity (MVA), 2020-2030
Figure 31: Distribution Transformers, China, Market Capacity (MVA), 2020-2030
Figure 32: Power Transformers, China, Market Value ($m), 2020-2030
Figure 33: Distribution Transformers, China, Market Value ($m), 2020-2030
Figure 34: Transmission System Overview, India, 2020-2030
Figure 35: Distribution System Overview, India, 2020-2030
Figure 36: Power Transformers, India, Market Capacity (MVA), 2020-2030
Figure 37: Distribution Transformers, India, Market Capacity (MVA), 2020-2030
Figure 38: Power Transformers, India, Market Value ($m), 2020-2030
Figure 39: Distribution Transformers, India, Market Value ($m), 2020-2030
Figure 40: Transmission System Overview, Japan, 2020-2030
Figure 41: Distribution System Overview, Japan, 2020-2030
Figure 42: Power Transformers, Japan, Market Capacity (MVA), 2020-2030
Figure 43: Distribution Transformers, Japan, Market Capacity (MVA), 2020-2030
Figure 44: Power Transformers, Japan, Market Value ($m), 2020-2030
Figure 45: Distribution Transformers, Japan, Market Value ($m), 2020-2030
Figure 46: Power Transformers, EMEA, Market Capacity (GVA), 2020-2030
Figure 47: Distribution Transformers, EMEA, Market Capacity (GVA), 2020-2030
Figure 48: Power Transformers, EMEA, Market Value ($bn), 2020-2030
Figure 49: Distribution Transformers, EMEA, Market Value ($bn), 2020-2030
Figure 50: Transmission System Overview, The UK, 2020-2030
Figure 51: Distribution System Overview, The UK, 2020-2030
Figure 52: Power Transformers, The UK, Market Capacity (MVA), 2020-2030
Figure 53: Distribution Transformers, The UK, Market Capacity (MVA), 2020-2030
Figure 54: Power Transformers, The UK, Market Value ($m), 2020-2030
Figure 55: Distribution Transformers, The UK, Market Value ($m), 2020-2030
Figure 56: Transmission System Overview, Germany, 2020-2030
Figure 57: Distribution System Overview, Germany, 2020-2030
Figure 58: Power Transformers, Germany, Market Capacity (MVA), 2020-2030
Figure 59: Distribution Transformers, Germany, Market Capacity (MVA), 2020-2030
Figure 60: Power Transformers, Germany, Market Value ($m), 2020-2030
Figure 61: Distribution Transformers, Germany, Market Value ($m), 2020-2030
Figure 62: Transmission System Overview, Saudi Arabia, 2020-2030
Figure 63: Distribution System Overview, Saudi Arabia, 2020-2030
Figure 64: Power Transformers, Saudi Arabia, Market Capacity (MVA), 2020-2030
Figure 65: Distribution Transformers, Saudi Arabia, Market Capacity (MVA), 2020-2030
Figure 66: Power Transformers, Saudi Arabia, Market Value ($m), 2020-2030
Figure 67: Distribution Transformers, Saudi Arabia, Market Value ($m), 2020-2030

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Hitachi Energy
GE Vernova
SPX Corp
Siemens Energy
Hyundai Electric
Howard Industries
Mitsubishi Electric Corp
WEG SA
Toshiba Corp
ABB Ltd
JSHP Transformer Co Ltd
TBEA Co Ltd
Voltamp Transformers
Schneider Electric SE
Toshiba India Pvt Ltd
CG Power and Industrial Solutions Limited
Bharat Heavy Electricals Ltd
Kirloskar Electric Company Ltd
Fuji Electric Co Ltd
Eaton Corporation
Hyosung Corp
SGB-SMIT Group
Alfanar Group

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Scope

The report analyses the transformers market. Its scope includes:

Reasons to Buy

The report will enhance your decision-making capability in a more rapid and time sensitive manner. It will allow you to:

Table of Contents

Companies Mentioned (Partial List)

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