Global Transformer Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Transformer market size was valued at US$ 25070 million in 2024 and is forecast to a readjusted size of USD 32470 million by 2031 with a CAGR of 3.8% during review period.

A transformer is a passive component that transfers electrical energy from one electrical circuit to another circuit, or multiple circuits. A varying current in any coil of the transformer produces a varying magnetic flux in the transformer"s core, which induces a varying electromotive force across any other coils wound around the same core. Electrical energy can be transferred between separate coils without a metallic (conductive) connection between the two circuits.

Asia-Pacific is the largest transformers market with about 49% market share. Europe is follower, accounting for about 21% market share.

The key players are Tbea, China XD Electric, Hitachi Energy (ABB) etc. Top 3 companies occupied about 22% market share.

This report is a detailed and comprehensive analysis for global Transformer market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Transformer market size and forecasts, in consumption value ($ Million), sales quantity (K MVA), and average selling prices (USD/KVA), 2020-2031

Global Transformer market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MVA), and average selling prices (USD/KVA), 2020-2031

Global Transformer market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MVA), and average selling prices (USD/KVA), 2020-2031

Global Transformer market shares of main players, shipments in revenue ($ Million), sales quantity (K MVA), and ASP (USD/KVA), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Transformer

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Transformer market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tbea, China XD Electric, Hitachi Energy (ABB), Huapeng Transformer, Siemens, SDEE, Shandong Dachi Electric, Toshiba, Jinpan Technology, Sanbian Sci-Tech, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Transformer market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Oil Immersed Transformer
Dry-type Transformer
Others

Market segment by Application
Power Industry
Metallurgical Industry
Rail
Municipal Construction
Petrochemical Industry
New Energy (Photovoltaic, Wind Power, etc.)
Others

Major players covered
Tbea
China XD Electric
Hitachi Energy (ABB)
Huapeng Transformer
Siemens
SDEE
Shandong Dachi Electric
Toshiba
Jinpan Technology
Sanbian Sci-Tech
Hangzhou Qiantang Riever Electric Group
Sunten Electrical Equipment
BTW
Jiangxi Transformer Science
State Grid Yingda
Creative Distribution Automation
Sojo
Guangzhou Baiyun Electric
Jiangsu Yangdong Electric
Wolong
Shenda Electric
Schneider
Wujiang Transformer
Eaglerise Electric & Electronic
Beijing Hezong Science

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Transformer product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Transformer, with price, sales quantity, revenue, and global market share of Transformer from 2020 to 2025.

Chapter 3, the Transformer competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Transformer breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Transformer market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Transformer.

Chapter 14 and 15, to describe Transformer sales channel, distributors, customers, research findings and conclusion.