Market Overview
According to DIResearch＇s in-depth investigation and research, the global Power Transformers market size will reach 1,149.70 Million USD in 2025 and is projected to reach 1,523.14 Million USD by 2032, with a CAGR of 4.10% (2025-2032). Notably, the China Power Transformers market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Power transformers are essential electrical devices designed to transfer electrical energy between two or more circuits through electromagnetic induction. They play a critical role in the transmission and distribution of electrical power across different voltage levels within power grids. Power transformers consist of primary and secondary windings wound around a common magnetic core. The transformation of voltage levels occurs based on the turns ratio between these windings, allowing for efficient transmission over long distances with minimal energy loss. These transformers are integral components in substations, converting high-voltage electricity generated at power plants to lower voltages for distribution to end-users. Conversely, they step up the voltage for long-distance transmission from power plants to substations. Power transformers come in various sizes and configurations to accommodate different power system requirements, contributing to the reliability and stability of electrical networks worldwide.
The major global manufacturers of Power Transformers include Hitachi ABB Power Grids, Siemens, TBEA, China XD Group, SGB-SMIT, Mitsubishi Electric Group, Baoding Tianwei Group Tebian ElectricCo., Ltd, Jiangsu Huapeng Group, General Electric, Shandong Electrical Engineering & Equipment Group, Toshiba, SPX, Wujiang Transformer, Nanjing Liye Power Transformer, Shandong Taikai Transformer, Crompton Greaves, Hyosung, Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd, Shandong Dachi Electric, ZTR, Weg, Hyundai Electric, CHINT, Harbin Special Transformer Factory, Schneider Electric, Sanbian Sci-Tech, Hangzhou Qiantang Riever Electric Group, Alstom, Efacec, Fuji Electric, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Power Transformers. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Power Transformers market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Power Transformers market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Power Transformers industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Power Transformers Include:
Hitachi ABB Power Grids
Siemens
TBEA
China XD Group
SGB-SMIT
Mitsubishi Electric Group
Baoding Tianwei Group Tebian ElectricCo., Ltd
Jiangsu Huapeng Group
General Electric
Shandong Electrical Engineering & Equipment Group
Toshiba
SPX
Wujiang Transformer
Nanjing Liye Power Transformer
Shandong Taikai Transformer
Crompton Greaves
Hyosung
Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd
Shandong Dachi Electric
ZTR
Weg
Hyundai Electric
CHINT
Harbin Special Transformer Factory
Schneider Electric
Sanbian Sci-Tech
Hangzhou Qiantang Riever Electric Group
Alstom
Efacec
Fuji Electric
Power Transformers Product Segment Include:
Dry-Type Transformer
Oil-Immersed Transformer
Power Transformers Product Application Include:
35-110KV
110-220KV
220-330KV
330-550KV
550-750KV
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Power Transformers Industry PESTEL Analysis
Chapter 3: Global Power Transformers Industry Porter's Five Forces Analysis
Chapter 4: Global Power Transformers Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Power Transformers Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Power Transformers Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Power Transformers Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
- 1 Power Transformers Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Power Transformers Product by Type
- 1.2.1 Dry-Type Transformer
- 1.2.2 Oil-Immersed Transformer
- 1.3 Power Transformers Product by Application
- 1.3.1 35-110KV
- 1.3.2 110-220KV
- 1.3.3 220-330KV
- 1.3.4 330-550KV
- 1.3.5 550-750KV
- 1.4 Global Power Transformers Market Revenue and Sales Analysis
- 1.4.1 Global Power Transformers Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Power Transformers Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Power Transformers Market Sales Price Trend Analysis (2020-2032)
- 1.5 Power Transformers Market Development Status and Trends
- 1.5.1 Power Transformers Industry Development Status Analysis
- 1.5.2 Power Transformers Industry Development Trends Analysis
- 2 Power Transformers Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Power Transformers Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Power Transformers Market Analysis by Country
- 4.1 Global Power Transformers Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Power Transformers Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Power Transformers Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Power Transformers Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Power Transformers Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Power Transformers Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Power Transformers Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Power Transformers Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Power Transformers Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Power Transformers Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Power Transformers Average Sales Price by Manufacturers (2021-2025)
- 5.2 Power Transformers Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Power Transformers Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Power Transformers Market Analysis by Type
- 6.1 Global Power Transformers Market Revenue Analysis by Type
- 6.1.1 Global Power Transformers Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Power Transformers Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Power Transformers Market Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Power Transformers Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Hitachi ABB Power Grids
- 7.1.1 Hitachi ABB Power Grids Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Hitachi ABB Power Grids Power Transformers Product Portfolio
- 7.1.3 Hitachi ABB Power Grids Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Siemens
- 7.2.1 Siemens Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Siemens Power Transformers Product Portfolio
- 7.2.3 Siemens Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 TBEA
- 7.3.1 TBEA Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 TBEA Power Transformers Product Portfolio
- 7.3.3 TBEA Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 China XD Group
- 7.4.1 China XD Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 China XD Group Power Transformers Product Portfolio
- 7.4.3 China XD Group Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 SGB-SMIT
- 7.5.1 SGB-SMIT Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 SGB-SMIT Power Transformers Product Portfolio
- 7.5.3 SGB-SMIT Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Mitsubishi Electric Group
- 7.6.1 Mitsubishi Electric Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Mitsubishi Electric Group Power Transformers Product Portfolio
- 7.6.3 Mitsubishi Electric Group Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Baoding Tianwei Group Tebian ElectricCo., Ltd
- 7.7.1 Baoding Tianwei Group Tebian ElectricCo., Ltd Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Baoding Tianwei Group Tebian ElectricCo., Ltd Power Transformers Product Portfolio
- 7.7.3 Baoding Tianwei Group Tebian ElectricCo., Ltd Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 Jiangsu Huapeng Group
- 7.8.1 Jiangsu Huapeng Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Jiangsu Huapeng Group Power Transformers Product Portfolio
- 7.8.3 Jiangsu Huapeng Group Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 General Electric
- 7.9.1 General Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 General Electric Power Transformers Product Portfolio
- 7.9.3 General Electric Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 Shandong Electrical Engineering & Equipment Group
- 7.10.1 Shandong Electrical Engineering & Equipment Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 Shandong Electrical Engineering & Equipment Group Power Transformers Product Portfolio
- 7.10.3 Shandong Electrical Engineering & Equipment Group Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 Toshiba
- 7.11.1 Toshiba Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 Toshiba Power Transformers Product Portfolio
- 7.11.3 Toshiba Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.12 SPX
- 7.12.1 SPX Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.12.2 SPX Power Transformers Product Portfolio
- 7.12.3 SPX Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.13 Wujiang Transformer
- 7.13.1 Wujiang Transformer Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.13.2 Wujiang Transformer Power Transformers Product Portfolio
- 7.13.3 Wujiang Transformer Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.14 Nanjing Liye Power Transformer
- 7.14.1 Nanjing Liye Power Transformer Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.14.2 Nanjing Liye Power Transformer Power Transformers Product Portfolio
- 7.14.3 Nanjing Liye Power Transformer Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.15 Shandong Taikai Transformer
- 7.15.1 Shandong Taikai Transformer Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.15.2 Shandong Taikai Transformer Power Transformers Product Portfolio
- 7.15.3 Shandong Taikai Transformer Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.16 Crompton Greaves
- 7.16.1 Crompton Greaves Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.16.2 Crompton Greaves Power Transformers Product Portfolio
- 7.16.3 Crompton Greaves Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.17 Hyosung
- 7.17.1 Hyosung Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.17.2 Hyosung Power Transformers Product Portfolio
- 7.17.3 Hyosung Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.18 Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd
- 7.18.1 Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.18.2 Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd Power Transformers Product Portfolio
- 7.18.3 Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.19 Shandong Dachi Electric
- 7.19.1 Shandong Dachi Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.19.2 Shandong Dachi Electric Power Transformers Product Portfolio
- 7.19.3 Shandong Dachi Electric Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.20 ZTR
- 7.20.1 ZTR Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.20.2 ZTR Power Transformers Product Portfolio
- 7.20.3 ZTR Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.21 Weg
- 7.21.1 Weg Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.21.2 Weg Power Transformers Product Portfolio
- 7.21.3 Weg Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.22 Hyundai Electric
- 7.22.1 Hyundai Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.22.2 Hyundai Electric Power Transformers Product Portfolio
- 7.22.3 Hyundai Electric Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.23 CHINT
- 7.23.1 CHINT Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.23.2 CHINT Power Transformers Product Portfolio
- 7.23.3 CHINT Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.24 Harbin Special Transformer Factory
- 7.24.1 Harbin Special Transformer Factory Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.24.2 Harbin Special Transformer Factory Power Transformers Product Portfolio
- 7.24.3 Harbin Special Transformer Factory Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.25 Schneider Electric
- 7.25.1 Schneider Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.25.2 Schneider Electric Power Transformers Product Portfolio
- 7.25.3 Schneider Electric Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.26 Sanbian Sci-Tech
- 7.26.1 Sanbian Sci-Tech Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.26.2 Sanbian Sci-Tech Power Transformers Product Portfolio
- 7.26.3 Sanbian Sci-Tech Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.27 Hangzhou Qiantang Riever Electric Group
- 7.27.1 Hangzhou Qiantang Riever Electric Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.27.2 Hangzhou Qiantang Riever Electric Group Power Transformers Product Portfolio
- 7.27.3 Hangzhou Qiantang Riever Electric Group Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.28 Alstom
- 7.28.1 Alstom Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.28.2 Alstom Power Transformers Product Portfolio
- 7.28.3 Alstom Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.29 Efacec
- 7.29.1 Efacec Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.29.2 Efacec Power Transformers Product Portfolio
- 7.29.3 Efacec Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.30 Fuji Electric
- 7.30.1 Fuji Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.30.2 Fuji Electric Power Transformers Product Portfolio
- 7.30.3 Fuji Electric Power Transformers Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8 Industry Chain Analysis
- 8.1 Power Transformers Industry Chain Analysis
- 8.2 Power Transformers Industry Upstream Supply Analysis
- 8.2.1 Upstream Key Raw Material Supply Analysis
- 8.2.2 Raw Material Suppliers and Contact Information
- 8.3 Power Transformers Product Downstream Application Analysis
- 8.3.1 Global Power Transformers Revenue Market Size by Application: 2024 & 2025 & 2032
- 8.3.2 Global Power Transformers Revenue and Forecast Analysis by Application (2020-2032)
- 8.3.3 Global Power Transformers Sales and Forecast Analysis by Application (2020-2032)
- 8.4 Power Transformers Typical Downstream Customers
- 8.5 Power Transformers Sales Channel Analysis
- 9 Research Findings and Conclusion
- 10 Methodology and Data Source
- 10.1 Methodology/Research Approach
- 10.2 Research Scope
- 10.3 Benchmarks and Assumptions
- 10.4 Date Source
- 10.4.1 Primary Sources
- 10.4.2 Secondary Sources
- 10.5 Data Cross Validation
- 10.6 Disclaimer
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