power transformer market share | industry report, 2022

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Power Transformer Market 2015 – 2022


Power transformer market size is likely to achieve USD 34.64 billion by 2022, growing at 5.9% over coming few years.

Advancement of existing networks in developed nations along with favorable regulatory scenario is expected to drive demand growth during the next six years.

Aging equipment is not compatible with current environmental and technical requirements. Therefore, there is an increasing demand for more environment efficient products.

This growth is generally driven by resource-based industries, green initiatives and increasing Polychlorinated Biphenyls (PCB) substitution programs.

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Global Market Scenario of Power transformer




Increasing electrification ratio in emerging economies such as China, India, Brazil, and Russia is expected to drive global power transformer market size.

load growth and high transmission & distribution losses highlight the need to increase substations. Due to rapid economic development and increased need for uninterrupted and reliable power supply in these countries, the power demand is expected to exhibit healthy growth rate over the next few years.

Non-renewable energy sources account for major power generation, however, their use increase environmental pollution such as increased carbon dioxide levels.


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Global power transformer market size, by product, 2012-2022 (USD Billion)





Application Analysis

100 MVA to 500 MVA output power leads the global power transformer market, accounted for about 68% of the total industry share in 2015, with gains estimated at 6.2% over the next few years. Its diverse usage in distribution and transmission network for step-down and step-up application is expected to boost the demand.

Regional Analysis

Asia Pacific power transformer market size was valued over USD 7.5 billion in 2015, with forecast to achieve USD 13 billion by 2022 at a CAGR of 6.6%.Europe was likely to attain USD 8 billion till 2022, by gains projected of 5.6% over the next few years.

Competitive Market Share

The global power transformer market share is fairly competitive, with top six major participants accounting about 60% of the total industry share in 2014. The key companies namely ABB Ltd, Alstom, Siemens Energy, Toshiba Corp, GE and Crompton Greaves.

360° Analysis


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power transformer market share | industry report, 2022

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