Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Power Transformers Market by Type (Single-Stage, Two-Stage, Three-Stage), By Application (Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Power Transformers Market by Type (Single-Stage, Two-Stage, Three-Stage), By Application (Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131662 3300 Machinery & Equipment 377 234 Pages 4.6 (49)

Market Overview:

The global power transformers market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for alternative power generation and smart grid applications, and the growing traction for electric vehicles (EVs). The global power transformers market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into single-stage transformers, two-stage transformers, three-stage transformers. On the basis of application, it is classified into alternative power generation (wind turbines and solar photovoltaic systems), smart grid applications (transmission & distribution management systems and substation automation), traction locomotives (electric multiple units [EMUs] and diesel locomotives), EV charging stations.

Global Power Transformers Industry Outlook

Product Definition:

A power transformer is a transformer that is used to transfer electrical power from one circuit to another, usually at different voltage levels. The importance of power transformers lies in their ability to convert AC voltages and currents from one level to another while maintaining the same frequency.


Single-stage transformers are used in power transformer applications where primary voltage is greater than or equal to 230VAC and secondary voltage is less than or equal to 860VAC. Single-stage transformers have only one winding which helps in reducing the number of windings, core material, turns ratio and overall height. The shorter the height of a single-stage transformer, the fewer chances there are of it getting overweight and overheating.


Two-stage transformers are used in power transformer applications where primary and secondary windings have different voltage levels. The two-stage transformer has a ratio of turns ratio between primary and secondary winding that is 3:1, 4:1, 5:1 or 6:1.

The Two-Stage Transformer (TST) helps to improve the efficiency of power transformers by reducing the number of turns in transmission lines leading to an overall reduction in energy losses during transformation.

Application Insights:

The application segment is segregated into alternative power generation, smart grid, traction locomotives and electric vehicles charging. The alternative power generation segment dominated the global market in 2017 and this trend is anticipated to continue over the forecast period. This growth can be attributed to growing demand for electricity generated from fossil fuels such as coal and gas among others in countries such as China, India and Japan.

The smart grid application segment is also expected to witness significant growth over the forecast period owing to increasing penetration of transformers with high efficiency ratings that are designed specifically for use with low-voltage AC grids used primarily in urban areas. These products are also being increasingly deployed at railway stations, airports lounges and hotels across various regions due to increased consumer spending on luxury amenities which has resulted in a rise in overall product demand globally over recent years.

Regional Analysis:

Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for alternative power generation and traction electric locomotives. The growing industrialization in emerging countries, such as China, India, and Japan is also anticipated to drive the APAC region’s growth. Furthermore, rising investments in renewable energy infrastructure are projected to fuel industry expansion over the coming years.

The European market was valued at USD X billion in 2017 and is estimated to grow at a CAGR of XX% from 2018 to 2030 owing high consumption of transformers for EV charging applications across several countries including Germany, France Italy among others. Moreover Europe has been one of the early adopters of EVs with more than 25 million households having an EV charging station installed by 2020 according Eurelectricity data sheet 2016/2017  (accessed on 27th April 2018).

Growth Factors:

  • Increasing demand for electricity due to population growth and industrialization in developing countries
  • Rapid urbanization and electrification in rural areas
  • Expansion of renewable energy sources such as solar and wind power
  • Replacement of aging infrastructure
  • Development of smart grids

Scope Of The Report

Report Attributes

Report Details

Report Title

Power Transformers Market Research Report

By Type

Single-Stage, Two-Stage, Three-Stage

By Application

Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging

By Companies

ABB, Siemens, General Electric, ...

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Power Transformers Market Report Segments:

The global Power Transformers market is segmented on the basis of:


Single-Stage, Two-Stage, Three-Stage

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. ABB
  2. Siemens
  3. General Electric
  4. ...

Global Power Transformers Market Overview

Highlights of The Power Transformers Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Single-Stage
    2. Two-Stage
    3. Three-Stage
  1. By Application:

    1. Alternative Power Generation
    2. Smart Grid
    3. Traction Locomotives
    4. EV Charging
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Power Transformers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Power Transformers Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A power transformer is a device that converts electrical energy into other forms of energy, such as mechanical or thermal.

Some of the major players in the power transformers market are ABB, Siemens, General Electric.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Power Transformers Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Power Transformers Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Power Transformers Market - Supply Chain
   4.5. Global Power Transformers Market Forecast
      4.5.1. Power Transformers Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Power Transformers Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Power Transformers Market Absolute $ Opportunity

5. Global Power Transformers Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Power Transformers Market Size and Volume Forecast by Type
      5.3.1. Single-Stage
      5.3.2. Two-Stage
      5.3.3. Three-Stage
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Power Transformers Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Power Transformers Market Size and Volume Forecast by Application
      6.3.1. Alternative Power Generation
      6.3.2. Smart Grid
      6.3.3. Traction Locomotives
      6.3.4. EV Charging
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Power Transformers Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Power Transformers Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Power Transformers Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Power Transformers Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Power Transformers Demand Share Forecast, 2019-2029

9. North America Power Transformers Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Power Transformers Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Power Transformers Market Size and Volume Forecast by Application
      9.4.1. Alternative Power Generation
      9.4.2. Smart Grid
      9.4.3. Traction Locomotives
      9.4.4. EV Charging
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Power Transformers Market Size and Volume Forecast by Type
      9.7.1. Single-Stage
      9.7.2. Two-Stage
      9.7.3. Three-Stage
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Power Transformers Demand Share Forecast, 2019-2029

10. Latin America Power Transformers Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Power Transformers Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Power Transformers Market Size and Volume Forecast by Application
      10.4.1. Alternative Power Generation
      10.4.2. Smart Grid
      10.4.3. Traction Locomotives
      10.4.4. EV Charging
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Power Transformers Market Size and Volume Forecast by Type
      10.7.1. Single-Stage
      10.7.2. Two-Stage
      10.7.3. Three-Stage
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Power Transformers Demand Share Forecast, 2019-2029

11. Europe Power Transformers Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Power Transformers Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Power Transformers Market Size and Volume Forecast by Application
      11.4.1. Alternative Power Generation
      11.4.2. Smart Grid
      11.4.3. Traction Locomotives
      11.4.4. EV Charging
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Power Transformers Market Size and Volume Forecast by Type
      11.7.1. Single-Stage
      11.7.2. Two-Stage
      11.7.3. Three-Stage
   11.8. Basis Point Share (BPS)Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Power Transformers Demand Share, 2019-2029

12. Asia Pacific Power Transformers Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Power Transformers Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Power Transformers Market Size and Volume Forecast by Application
      12.4.1. Alternative Power Generation
      12.4.2. Smart Grid
      12.4.3. Traction Locomotives
      12.4.4. EV Charging
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Power Transformers Market Size and Volume Forecast by Type
      12.7.1. Single-Stage
      12.7.2. Two-Stage
      12.7.3. Three-Stage
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Power Transformers Demand Share, 2019-2029

13. Middle East & Africa Power Transformers Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Power Transformers Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Power Transformers Market Size and Volume Forecast by Application
      13.4.1. Alternative Power Generation
      13.4.2. Smart Grid
      13.4.3. Traction Locomotives
      13.4.4. EV Charging
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Power Transformers Market Size and Volume Forecast by Type
      13.7.1. Single-Stage
      13.7.2. Two-Stage
      13.7.3. Three-Stage
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Power Transformers Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Power Transformers Market: Market Share Analysis
   14.2. Power Transformers Distributors and Customers
   14.3. Power Transformers Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ABB Overview Financials Developments Strategic Outlook
      14.4.2. Siemens Overview Financials Developments Strategic Outlook
      14.4.3. General Electric Overview Financials Developments Strategic Outlook
      14.4.4. ... Overview Financials Developments Strategic Outlook
      14.4.5. COMPANY5 Overview Financials Developments Strategic Outlook
      14.4.6. COMPANY6 Overview Financials Developments Strategic Outlook
      14.4.7. COMPANY7 Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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