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

Summary

The analyst's latest report "Transformers Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast to 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, the UK, Germany, and Saudi Arabia) levels.

The report analyzes the market value ($m) and market capacity (MVA) for the years of 2021-2030; split between the historical period (2021-2025) and forecast period (2026-2030) across all levels. The report covers country level transformers market overview, transmission and distribution system overview (Ckm) and substations (units), key policies and regulations, market drivers and restraints, key players, manufacturing and technology trends, and major upcoming substation 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'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, Middle East and Africa.
The report provides market analysis for the key countries of the US, Brazil, India, China, Japan, the UK, Germany, and Saudi Arabia.
The report offers market size analysis (value and capacity) for the historical period (2021-2025) and forecast period (2026-2030).
The report provides key market drivers and restraints, key policies, key players, manufacturing and technology trends, as well as major upcoming substations 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.

1 Executive Summary

1.1 China, the US and India Lead Power Transformer Market Growth, While Germany and Saudi Arabia Strengthen Grid Infrastructure
1.2 Global Distribution Transformer Market to Reach $35.63 Billion by 2030, Led by Asia-Pacific
1.3 Transformer Manufacturing Shifts Toward Localized, Digital, and High-Efficiency Solutions

2 Introduction

2.1 Power Transformers

Classification of Power Transformers

2.2 Distribution Transformers

Classification of Distribution Transformers

2.3 Transformers, Global, Value-Chain Analysis

Power Transformers, Global, Value-Chain Analysis
Distribution Transformers, Global, Value-Chain Analysis

3 Transformers, Global

3.1 Market Overview, Global
3.2 Transformers, Global, Market Size Analysis, 2021-2030

Transformers, Global, Market Capacity, 2021-2030
Transformers, Global, Market Value, 2021-2030

3.3 Transformers, Global, Competitive Landscape, 2025

Power Transformers, Global, Competitive Landscape, 2025
Distribution Transformers, Global, Competitive Landscape, 2025

4 Transformers, Americas

4.1 Market Overview, Americas
4.2 Transformers, Americas, Market Size Analysis, 2021-2030

Transformers, Americas, Market Capacity, 2021-2030
Transformers, Americas, Market Value, 2021-2030

5 Transformers, US

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

Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Grid Infrastructure, Equipment, and Supply Chain Capacity
Energy Conservation Standards for Distribution Transformers
Qualifying Advanced Energy Project Credit
Infrastructure Investment and Jobs Act - Grid Resilience and Innovation Partnerships (GRIP) Speed to Power through Accelerated Reconductoring and other Key Advanced Transmission Technology Upgrades (SPARK)
Building for the Future Through Electric Regional Transmission Planning and Cost Allocation - FERC Order No. 1920
Transformer Resilience and Advanced Components (TRAC) Program

5.3 Transformers, US, Market Drivers and Restrains

Transformers, US, Market Drivers
Transformers, US, Market Restrains

5.4 Transformers, US, Market Size Analysis, 2021-2030

Transformers, US, Market Capacity, 2021-2030
Transformers, US, Market Value, 2021-2030

5.5 Transformers, US, Key Players, Manufacturing and Technology Trends
5.6 Transformers, US, Major Upcoming Substation Projects

6 Transformers, Brazil

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

ANEEL Normative Resolution No. 1,000/2021
ANEEL Normative Resolution No. 956/2021 - PRODIST
Distribution Transformer Conformity and Efficiency Requirements - Inmetro Ordinance No. 382
Ten-Year Energy Expansion Plan, (PDE) 2035
Transmission Expansion Programme and Long-Term Expansion Plan
Transmission Auctions

6.3 Transformers, Brazil, Market Drivers and Restrains

Transformers, Brazil, Market Drivers
Transformers, Brazil, Market Restrains

6.4 Transformers, Brazil, Market Size Analysis, 2021-2030

Transformers, Brazil, Market Capacity, 2021-2030
Transformers, Brazil, Market Value, 2021-2030

6.5 Transformers, Brazil, Key Players, Manufacturing and Technology Trends
6.6 Transformers, Brazil, Major Upcoming Substation Projects

7 Transformers, Asia-Pacific

7.1 Market Overview, Asia-Pacific
7.2 Transformers, Asia-Pacific, Market Size Analysis, 2021-2030

Transformers, Asia-Pacific, Market Capacity, 2021-2030
Transformers, Asia-Pacific, Market Value, 2021-2030

8 Transformers, China

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

Minimum Allowable Values of Energy Efficiency and Energy Efficiency Grades for Power Transformers - GB 20052-2024
Power Transformers - Part 20: Energy Efficiency
Implementation Plan for High-Quality Development of Energy-Saving Equipment (2026-2028)
Guiding Opinions on Promoting High-Quality Development of the Power Grid
Guiding Opinions on the High-Quality Development of Distribution Networks under the New Situation
Action Plan for Promoting Large-Scale Equipment Renewal and Trade-In of Consumer Goods
National Unified Electricity Market System by 2030

8.3 Transformers, China, Market Drivers and Restrains

Transformers, China, Market Drivers
Transformers, China, Market Restrains

8.4 Transformers, China, Market Size Analysis, 2021-2030

Transformers, China, Market Capacity, 2021-2030
Transformers, China, Market Value, 2021-2030

8.5 Transformers, China, Key Players, Manufacturing and Technology Trends
8.6 Transformers, China, Major Upcoming Substation Projects

9 Transformers, India

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

Electrical Transformers (Quality Control) Order (QCO)
Bureau of Energy Efficiency (BEE) Star Labeling Scheme for Distribution Transformers
CEA Technical Standards for Construction of Electrical Plants and Electric Lines

9.3 Transformers, India, Market Drivers and Restrains

Transformers, India, Market Drivers
Transformers, India, Market Restrains

9.4 Transformers, India, Market Size Analysis, 2021-2030

Transformers, India, Market Capacity, 2021-2030
Transformers, India, Market Value, 2021-2030

9.5 Transformers, India, Key Players, Manufacturing and Technology Trends
9.6 Transformers, India, Major Upcoming Substation Projects

10 Transformers, Japan

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

Top Runner Programme for Transformers
Seventh Strategic Energy Plan
Electricity Supply Plans for 2025

10.3 Transformers, Japan, Market Drivers and Restrains

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

10.4 Transformers, Japan, Market Size Analysis, 2021-2030

Transformers, Japan, Market Capacity, 2021-2030
Transformers, Japan, Market Value, 2021-2030

10.5 Transformers, Japan, Key Players, Manufacturing and Technology Trends
10.6 Transformers, Japan, Major Upcoming Substation Projects

11 Transformers, EMEA

11.1 Market Overview, EMEA
11.2 Transformers, EMEA, Market Size Analysis, 2021-2030

Transformers, EMEA, Market Capacity, 2021-2030
Transformers, EMEA, Market Value, 2021-2030

12 Transformers, UK

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

Ecodesign Requirements for Power Transformers
National Policy Statement for Electricity Networks Infrastructure (EN-5)
Clean Power 2030 Action Plan
RIIO-ED2 Electricity Distribution Price Control
Beyond 2030 - Electricity Transmission Update

12.3 Transformers, UK, Market Drivers and Restrains

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

12.4 Transformers, UK, Market Size Analysis, 2021-2030

Transformers, UK, Market Capacity, 2021-2030
Transformers, UK, Market Value, 2021-2030

12.5 Transformers, UK, Key Players, Manufacturing and Technology Trends
12.6 Transformers, UK, Major Upcoming Substation Projects

13 Transformers, Germany

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

Ecodesign Requirements for Power Transformers
Electricity Grid Development Plan 2025-2037/2045
Energy Industry Act - Grid Expansion Planning

13.3 Transformers, Germany, Market Drivers and Restrains

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

13.4 Transformers, Germany, Market Size Analysis, 2021-2030

Transformers, Germany, Market Capacity, 2021-2030
Transformers, Germany, Market Value, 2021-2030

13.5 Transformers, Germany, Key Players, Manufacturing and Technology Trends
13.6 Transformers, Germany, Major Upcoming Substation Projects

14 Transformers, Saudi Arabia

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

Saudi Vision 2030 - Renewable Energy and Power Sector Development
Saudi Arabian Grid Code - Technical and Operational Mandates for Transformers
Saudi Arabian Distribution Code
Transmission Planning Criteria -Requirements for Bulk Transmission Transformers

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, 2021-2030

Transformers, Saudi Arabia, Market Capacity, 2021-2030
Transformers, Saudi Arabia, Market Value, 2021-2030

14.5 Transformers, Saudi Arabia, Key Players, Manufacturing and Technology Trends
14.6 Transformers, Saudi Arabia, Major Upcoming Substation Projects

15 Transformers, Major Company Profiles

15.1 Chint Group Co Ltd
15.2 Eaton Corporation Plc
15.3 GE Vernova Inc
15.4 Hitachi Energy Ltd
15.5 Schneider Electric SE
15.6 Siemens Energy AG
15.7 TBEA Co Ltd

16 Appendix

16.1 Abbreviations
16.2 Data Aggregation

Primary Research
Secondary Research
Data Analysis and Findings
About the Analyst
Contact Us

List of Tables

Table 1: Transmission System Overview, US, 2021-2030
Table 2: Distribution System Overview, US, 2021-2030
Table 3: TRAC Program Focus Areas, Technologies, and Objectives
Table 4: Power Transformers, US, Market Capacity (MVA), 2021-2030
Table 5: Distribution Transformers, US, Market Capacity (MVA), 2021-2030
Table 6: Power Transformers, US, Market Value ($M), 2021-2030
Table 7: Distribution Transformers, US, Market Value ($M), 2021-2030
Table 8: Transformers, US, Major Upcoming Substation Projects
Table 9: Transmission System Overview, Brazil, 2021-2030
Table 10: Distribution System Overview, Brazil, 2021-2030
Table 11: Power Transformers, Brazil, Market Capacity (MVA), 2021-2030
Table 12: Distribution Transformers, Brazil, Market Capacity (MVA), 2021-2030
Table 13: Power Transformers, Brazil, Market Value ($M), 2021-2030
Table 14: Distribution Transformers, Brazil, Market Value ($M), 2021-2030
Table 15: Transformers, Brazil, Major Upcoming Substation Projects
Table 16: Transmission System Overview, China, 2021-2030
Table 17: Distribution System Overview, China, 2021-2030
Table 18: Power Transformers, China, Market Capacity (MVA), 2021-2030
Table 19: Distribution Transformers, China, Market Capacity (MVA), 2021-2030
Table 20: Power Transformers, China, Market Value ($M), 2021-2030
Table 21: Distribution Transformers, China, Market Value ($M), 2021-2030
Table 22: Transformers, China, Major Upcoming Substation Projects
Table 23: Transmission System Overview, India, 2021-2030
Table 24: Distribution System Overview, India, 2021-2030
Table 25: Power Transformers, India, Market Capacity (MVA), 2021-2030
Table 26: Distribution Transformers, India, Market Capacity (MVA), 2021-2030
Table 27: Power Transformers, India, Market Value ($M), 2021-2030
Table 28: Distribution Transformers, India, Market Value ($M), 2021-2030
Table 29: Transformers, India, Major Upcoming Substation Projects
Table 30: Transmission System Overview, Japan, 2021-2030
Table 31: Distribution System Overview, Japan, 2021-2030
Table 32: Power Transformers, Japan, Market Capacity (MVA), 2021-2030
Table 33: Distribution Transformers, Japan, Market Capacity (MVA), 2021-2030
Table 34: Power Transformers, Japan, Market Value ($M), 2021-2030
Table 35: Distribution Transformers, Japan, Market Value ($M), 2021-2030
Table 36: Transformers, Japan, Major Upcoming Substation Projects
Table 37: Transmission System Overview, UK, 2021-2030
Table 38: Distribution System Overview, UK, 2021-2030
Table 39: Power Transformers, UK, Market Capacity (MVA), 2021-2030
Table 40: Distribution Transformers, UK, Market Capacity (MVA), 2021-2030
Table 41: Power Transformers, UK, Market Value ($M), 2021-2030
Table 42: Distribution Transformers, UK, Market Value ($M), 2021-2030
Table 43: Transformers, UK, Major Upcoming Substation Projects
Table 44: Transmission System Overview, Germany, 2021-2030
Table 45: Distribution System Overview, Germany, 2021-2030
Table 46: Power Transformers, Germany, Market Capacity (MVA), 2021-2030
Table 47: Distribution Transformers, Germany, Market Capacity (MVA), 2021-2030
Table 48: Power Transformers, Germany, Market Value ($M), 2021-2030
Table 49: Distribution Transformers, Germany, Market Value ($M), 2021-2030
Table 50: Transformers, Germany, Major Upcoming Substation Projects
Table 51: Transmission System Overview, Saudi Arabia, 2021-2030
Table 52: Distribution System Overview, Saudi Arabia, 2021-2030
Table 53: Power Transformers, Saudi Arabia, Market Capacity (MVA), 2021-2030
Table 54: Distribution Transformers, Saudi Arabia, Market Capacity (MVA), 2021-2030
Table 55: Power Transformers, Saudi Arabia, Market Value ($M), 2021-2030
Table 56: Distribution Transformers, Saudi Arabia, Market Value ($M), 2021-2030
Table 57: Transformers, Saudi Arabia, Major Upcoming Substation Projects
Table 58: Chint Group Co Ltd
Table 59: Eaton Corporation Plc
Table 60: GE Vernova Inc
Table 61: Hitachi Energy Ltd
Table 62: Schneider Electric SE
Table 63: Siemens Energy AG
Table 64: TBEA Co Ltd
Table 65: Transformers, Abbreviations

List of Figures

Figure 1: Power Transformers, Top Countries, Market Value ($B), 2025 and 2030
Figure 2: Distribution Transformers, Global and Regional, Market Value ($B), 2025 and 2030
Figure 3: Power Transformers, Global, Value-Chain Analysis
Figure 4: Distribution Transformers, Global, Value-Chain Analysis
Figure 5: Power Transformers, Global, Market Capacity (GVA), 2021-2030
Figure 6: Distribution Transformers, Global, Market Capacity (GVA), 2021-2030
Figure 7: Power Transformers, Global, Market Value ($B), 2021-2030
Figure 8: Distribution Transformers, Global, Market Value ($B), 2021-2030
Figure 9: Power Transformers, Global, Market Share (%), 2025
Figure 10: Distribution Transformers, Global, Market Share (%), 2025
Figure 11: Power Transformers, Americas, Market Capacity (GVA), 2021-2030
Figure 12: Distribution Transformers, Americas, Market Capacity (GVA), 2021-2030
Figure 13: Power Transformers, Americas, Market Value ($B), 2021-2030
Figure 14: Distribution Transformers, Americas, Market Value ($B), 2021-2030
Figure 15: Transmission System Overview, US, 2021-2030
Figure 16: Distribution System Overview, US, 2021-2030
Figure 17: Power Transformers, US, Market Capacity (MVA), 2021-2030
Figure 18: Distribution Transformers, US, Market Capacity (MVA), 2021-2030
Figure 19: Power Transformers, US, Market Value ($M), 2021-2030
Figure 20: Distribution Transformers, US, Market Value ($M), 2021-2030
Figure 21: Transmission System Overview, Brazil, 2021-2030
Figure 22: Distribution System Overview, Brazil, 2021-2030
Figure 23: Power Transformers, Brazil, Market Capacity (MVA), 2021-2030
Figure 24: Distribution Transformers, Brazil, Market Capacity (MVA), 2021-2030
Figure 25: Power Transformers, Brazil, Market Value ($M), 2021-2030
Figure 26: Distribution Transformers, Brazil, Market Value ($M), 2021-2030
Figure 27: Power Transformers, Asia-Pacific, Market Capacity (GVA), 2021-2030
Figure 28: Distribution Transformers, Asia-Pacific, Market Capacity (GVA), 2021-2030
Figure 29: Power Transformers, Asia-Pacific, Market Value ($B), 2021-2030
Figure 30: Distribution Transformers, Asia-Pacific, Market Value ($B), 2021-2030
Figure 31: Transmission System Overview, China, 2021-2030
Figure 32: Distribution System Overview, China, 2021-2030
Figure 33: Power Transformers, China, Market Capacity (MVA), 2021-2030
Figure 34: Distribution Transformers, China, Market Capacity (MVA), 2021-2030
Figure 35: Power Transformers, China, Market Value ($M), 2021-2030
Figure 36: Distribution Transformers, China, Market Value ($M), 2021-2030
Figure 37: Transmission System Overview, India, 2021-2030
Figure 38: Distribution System Overview, India, 2021-2030
Figure 39: Power Transformers, India, Market Capacity (MVA), 2021-2030
Figure 40: Distribution Transformers, India, Market Capacity (MVA), 2021-2030
Figure 41: Power Transformers, India, Market Value ($M), 2021-2030
Figure 42: Distribution Transformers, India, Market Value ($M), 2021-2030
Figure 43: Transmission System Overview, Japan, 2021-2030
Figure 44: Distribution System Overview, Japan, 2021-2030
Figure 45: Power Transformers, Japan, Market Capacity (MVA), 2021-2030
Figure 46: Distribution Transformers, Japan, Market Capacity (MVA), 2021-2030
Figure 47: Power Transformers, Japan, Market Value ($M), 2021-2030
Figure 48: Distribution Transformers, Japan, Market Value ($M), 2021-2030
Figure 49: Power Transformers, EMEA, Market Capacity (GVA), 2021-2030
Figure 50: Distribution Transformers, EMEA, Market Capacity (GVA), 2021-2030
Figure 51: Power Transformers, EMEA, Market Value ($B), 2021-2030
Figure 52: Distribution Transformers, EMEA, Market Value ($B), 2021-2030
Figure 53: Transmission System Overview, UK, 2021-2030
Figure 54: Distribution System Overview, UK, 2021-2030
Figure 55: Power Transformers, UK, Market Capacity (MVA), 2021-2030
Figure 56: Distribution Transformers, UK, Market Capacity (MVA), 2021-2030
Figure 57: Power Transformers, UK, Market Value ($M), 2021-2030
Figure 58: Distribution Transformers, UK, Market Value ($M), 2021-2030
Figure 59: Transmission System Overview, Germany, 2021-2030
Figure 60: Distribution System Overview, Germany, 2021-2030
Figure 61: Power Transformers, Germany, Market Capacity (MVA), 2021-2030
Figure 62: Distribution Transformers, Germany, Market Capacity (MVA), 2021-2030
Figure 63: Power Transformers, Germany, Market Value ($M), 2021-2030
Figure 64: Distribution Transformers, Germany, Market Value ($M), 2021-2030
Figure 65: Transmission System Overview, Saudi Arabia, 2021-2030
Figure 66: Distribution System Overview, Saudi Arabia, 2021-2030
Figure 67: Power Transformers, Saudi Arabia, Market Capacity (MVA), 2021-2030
Figure 68: Distribution Transformers, Saudi Arabia, Market Capacity (MVA), 2021-2030
Figure 69: Power Transformers, Saudi Arabia, Market Value ($M), 2021-2030
Figure 70: Distribution Transformers, Saudi Arabia, Market Value ($M), 2021-2030

Companies Mentioned (Partial List)

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

50Hertz Transmission GmbH
Amprion GmbH
Baoding Tianwei Baobian
Bharat Bijlee
CG Power
Chint Group Co Ltd
China XD Group
Delta Star
Eaton Corporation Plc
Fuji Electric
GE Power
GE Vernova Inc
GE Vernova T&D India
HICO America
Hitachi Energy Ltd
Hitachi Ltd
Howard Industries
Maschinenfabrik Reinhausen (MR)
Mitsubishi Electric
Power Grid Corporation of India Ltd
Schneider Electric SE
SGB-SMIT
Siemens AG
Siemens Energy AG
TBEA Co Ltd
Toshiba Energy Systems & Solutions
Transformers & Rectifiers (India)
Voltamp Transformers

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