Report cover image

Power Transformers Industry, Global, 2025–2035

Publisher Frost & Sullivan
Published Feb 23, 2026
Length 86 Pages
SKU # MC20908281

Description

Strong renewable energy growth, aging grids, industrial electrification, increasing regional interconnections, and power loads from data centers have collectively driven growth in power transformers. More than 30% of large power transformers have been in operation for more than 30 years, creating high replacement demand. A lack of available manufacturing capacity worldwide, particularly in North America, has accelerated revenue growth as manufacturers have been able to charge price premiums beyond those needed to cover increases in material and manufacturing costs.

Revenues in the global power transformer market are forecast to reach $80.1 billion in 2030, double those of 2024. A number of manufacturers are investing in new plant capacity to meet the higher demand levels, but even with this, price increases will be higher than inflation. As it is, TSOs and DSOs are trying to plan ahead to secure manufacturing slots so that major projects do not face delays. China has boosted manufacturing capacity in the past decade and is now starting to export higher volumes into the wider Asian market.

Table of Contents

86 Pages
    • Scope of Analysis
    • End-User Segmentation
    • Regional Segmentation
    • Key Competitors in the Transformer Ecosystem
    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8TM
    • The Impact of the Top 3 Strategic Imperatives on the Power Transformer Industry
    • Key Findings
    • Growth Drivers
    • Growth Restraints
    • Major Trends Shaping the Power Transformer Industry
    • Global Power Generation Investment Forecast by Region
    • Global Transformer Trade Snapshot
    • Power Transformer Trade Snapshot by Region
    • Power Transformer Production and Supply Dynamics: Timeline
    • Power Transformer Production and Supply Dynamics
    • Lead Times and the Supply Chain Crunch
    • Commodity Relief not Translated into Lower Transformer Prices
    • Raw Material Costs Stabilizing, but Price Pressures Persist
    • Digitalization
    • Localization and Nearshoring
    • Sustainability, Circularity, and Recovery Services
    • Forecast Assumptions
    • Total Revenue Forecast
    • Total Unit Forecast
    • Revenue Forecast by End User
    • Revenue Forecast by Type
    • Revenue Forecast by Key Countries
    • Global Revenue Forecast Discussion
    • Europe Revenue Forecast Discussion
    • North America Revenue Forecast Discussion
    • China Revenue Forecast Discussion
    • India & South Asia Revenue Forecast Discussion
    • East Asia Revenue Forecast Discussion
    • ASEAN Revenue Forecast Discussion
    • Latin America Revenue Forecast Discussion
    • MENA Revenue Forecast Discussion
    • Sub-Saharan Africa Revenue Forecast Discussion
    • ANZ & Pacific Revenue Forecast Discussion
    • Russia & CIS Revenue Forecast Discussion
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis
    • Growth Opportunity 1: Digitalization to Improve Reliability
    • Growth Opportunity 2: As-a-Service Business Model
    • Growth Opportunity 3: Eco-Friendly Solutions
    • Growth Opportunity 4: Next-Generation High-Voltage Technologies
    • Growth Opportunity 5: Climate-Resilient Transformer Design and Life Cycle Extension
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us