Lucintel Forecasts the Global Power Transformer Market is expected to grow with a CAGR of 7.5% from 2025 to 2031
Lucintel Forecasts the Global Power Transformer Market is expected to grow with a CAGR of 7.5% from 2025 to 2031
Blog Article
According to a market report by Lucintel, the future of the global power transformer
market looks promising with opportunities in the dry-type transformer and oil-immersed
transformer markets. The global power transformer market is expected to grow with a
CAGR of 7.5% from 2025 to 2031. The major drivers for this market are the increasing
demand for electricity in emerging economies, the rising investments in renewable
energy infrastructure, and the growing need for grid modernization and stability.
A more than 150-page report to understand trends, opportunity and forecast in power
transformer market to 2031 by type (dry-type transformer and oil-immersed
transformer), application (35-110KV, 110-220KV, 220-330KV, 330-550KV, and 550-
750KV), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Lucintel forecasts that, within the application category, 330-550KV is expected to
witness the highest growth over the forecast period due to the rising demand for high-
capacity power transmission.
Within the application category, dry-type transformer is expected to witness higher
growth due to the increasing demand for safer and environmentally friendly solutions.
Download sample by clicking on power transformer market
In terms of region, APAC is expected to witness the highest growth over the forecast
period.
Hitachi ABB Power Grids, TBEA, Siemens, China XD Group, SGB-SMIT, Mitsubishi
Electric Group, Baoding Tianwei Group Tebian Electric, Jiangsu Huapeng Group,
Toshiba, Shandong Electrical Engineering & Equipment Group are the major suppliers
in the power transformer market.
This unique research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust
market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several publications like
the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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