China Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Transformer Manufacturers in China and the market is segmented by Power Rating (Small, Medium, and Large), Cooling Type (Air-Cooled and Oil-Cooled), and Transformer Type (Power Transformer and Distribution Transformer). The report offers the market size and forecasts in revenue (USD Billion) for all the above segments.

China Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

China Transformer Market Size

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China Transformer- Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 4.00 %
Market Concentration Low

Major Players

China Transformer Market Major Players

*Disclaimer: Major Players sorted in no particular order

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China Transformer Market Analysis

The China Transformer Market is expected to register a CAGR of greater than 4% during the forecast period.

COVID-19 moderately impacted the market in 2020. Currently. The market has reached pre-pandemic levels.

  • Factors such as increasing energy demands from the industries and expansion of transmission and distribution systems are likely going to drive the China Transformer Market. Increasing renewable energy in the country will probably drive the China Transformer Market during the forecast period.
  • However, fluctuating prices for raw materials used in the manufacturing of transformers are expected to restrain the China Transformer Market.
  • A smart grid is a highly efficient and economical technology that can reduce carbon emissions. Such installation and up-gradation for now existing networks in the country can create several opportunities for the China Transformer Market in the future.

China Transformer Industry Overview

The China Transformer Market is fragmented. Some of the key players in this market (not in a particular order) include Siemens AG, ABB Ltd., General Electric Company, Mitsubishi Electric Corporation, and JiangSu HuaPeng Transformer Co., Ltd.

China Transformer Market Leaders

  1. Siemens AG

  2. ABB Ltd.

  3. General Electric Company

  4. Mitsubishi Electric Corporation

  5. JiangSu HuaPeng Transformer Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
China Transformer Market Concentration
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China Transformer Market News

  • November 2022: An major west-to-east power transmission project in Guangdong Province, South China, successfully installed the first convertor transformer using on-load tap changers built in China. This signifies that China has successfully overcome the limitations imposed by this key technology in high-end electric equipment.
  • March 2022: The State Grid Corporation of China (SGCC), the country's main grid operator, ordered two 110 kilovolts, 63 megavolt ampere EconiQTM power transformers from Hitachi Energy for an innovative substation project being carried out in Jiangsu Province on China's east coast. This project aims to advance the use of sustainable technology, which is consistent with the policy of SGCC and Hitachi Energy.

China Transformer Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Power Rating
    • 5.1.1 Small
    • 5.1.2 Large
    • 5.1.3 Medium
  • 5.2 Cooling Type
    • 5.2.1 Air-Cooled
    • 5.2.2 Oil-Cooled
  • 5.3 Transformer Type
    • 5.3.1 Power Transformer
    • 5.3.2 Distribution Transformer

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
  • 6.2 Strategies Adopted by Key Players
  • 6.3 Company Profiles
    • 6.3.1 Siemens AG
    • 6.3.2 ABB Ltd.
    • 6.3.3 General Electric Company
    • 6.3.4 Mitsubishi Electric Corporation
    • 6.3.5 Schneider Electric SE
    • 6.3.6 Panasonic Corporation
    • 6.3.7 Hitachi, Ltd.
    • 6.3.8 JiangSu HuaPeng Transformer Co., Ltd.
    • 6.3.9 Baoding Tianwei Baobian Electric Co., Ltd.
    • 6.3.10 Toshiba Corp
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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China Transformer Industry Segmentation

A transformer is an electrical energy transfer device that either steps up or down the voltage from one alternating-current circuit to one or more other circuits.

The China Transformer Market is segmented by power rating, cooling type, and transformer type. By power rating, the market is segmented into small, medium, and large. By cooling type, the market is segmented into air-cooled and oil-cooled. By transformer type, the market is segmented into power transformers and distribution transformers. For each segment, the market sizing and forecasts is based on the revenue (USD Billion).

Power Rating Small
Large
Medium
Cooling Type Air-Cooled
Oil-Cooled
Transformer Type Power Transformer
Distribution Transformer
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China Transformer Market Research FAQs

What is the current China Transformer Market size?

The China Transformer Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in China Transformer Market?

Siemens AG, ABB Ltd., General Electric Company, Mitsubishi Electric Corporation and JiangSu HuaPeng Transformer Co., Ltd. are the major companies operating in the China Transformer Market.

What years does this China Transformer Market cover?

The report covers the China Transformer Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the China Transformer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

China Transformer Industry Report

Statistics for the 2025 China Transformer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Transformer analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.