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

The Report Covers Large Power Transformer Market Suppliers and Outlook and is Segmented by Type (Single-phase Transformer and Three-phase Transformer), Application (Power Transmission, Power Generation, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

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

Large Power Transformer Market Size

Large Power Transformer Market Size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.20 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Large Power Transformer Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Large Power Transformer Market Analysis

The Large Power Transformer Market is expected to register a CAGR of greater than 5.2% during the forecast period.

  • With the increasing electricity demand, especially in developing countries, the usage of large power transformers in the power generation segment is expected to boost the market. China and the United States are the two biggest electricity-consuming countries, and both have a huge market for large power transformers.
  • There are many electrification projects in Africa and Asia-Pacific, with several initiatives and significant improvements underway in improving the electrification rate. This factor is expected to create ample opportunities for the market players in the coming years.
  • Asia-Pacific is expected to dominate the market, with most of the demand coming from China and India due to economic growth, increasing demand for residential electricity, and rising industrial activities.

Large Power Transformer Industry Overview

The large power transformer market is moderately consolidated. Some of the major players in the market include Hitachi Energy Ltd, Siemens Energy AG, Toshiba Energy Systems & Solutions Corporation, CG Power and Industrial Solutions Limited, and General Electric Company.

Large Power Transformer Market Leaders

  1. Siemens Energy AG

  2. Hitachi Energy Ltd

  3. CG Power and Industrial Solutions Limited

  4. Toshiba Energy Systems & Solutions Corporation

  5. General Electric Company

  6. *Disclaimer: Major Players sorted in no particular order
 Hitachi Energy Ltd., Siemens Energy AG, Toshiba Energy Systems & Solutions Corporation, CG Power and Industrial Solutions Limited, and General Electric Company.
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Large Power Transformer Market News

  • In December 2021, The Transformers & Rectifiers India Ltd was awarded orders for various transformers, including large power transformers, for the total contract value of INR 72 crore from the Gujarat Energy Transmission Corporation (GETCO).
  • In October 2021, GE-Prolec Transformers Inc., a subsidiary of a 50/50 joint venture between General Electric and Xignux, a Mexico-based private company, announced the completion of the acquisition of SPX Transformer Solutions business, which includes large power transformers for a contract purchase price of USD 645 million.

Large Power 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 Global Electricity Demand, in TWh, till 2040
  • 4.4 Electricity Consumption in TWh, Global, 2012-2021
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.2 Restraints
  • 4.8 Supply Chain Analysis
  • 4.9 Porter's Five Forces Analysis
    • 4.9.1 Bargaining Power of Suppliers
    • 4.9.2 Bargaining Power of Consumers
    • 4.9.3 Threat of New Entrants
    • 4.9.4 Threat of Substitutes Products and Services
    • 4.9.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Single-phase Transformer
    • 5.1.2 Three-phase Transformer
  • 5.2 Application
    • 5.2.1 Power Transmission
    • 5.2.2 Power Generation
    • 5.2.3 Other Applications
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Hitachi Energy Ltd
    • 6.3.2 CG Power and Industrial Solutions Limited
    • 6.3.3 General Electric Company
    • 6.3.4 Hyosung Power & Industrial Systems Performance Group
    • 6.3.5 Hyundai Heavy Industries Co. Ltd
    • 6.3.6 Mitsubishi Electric Corporation
    • 6.3.7 SGB-SMIT International GmbH
    • 6.3.8 Siemens Energy AG
    • 6.3.9 SPX Corporation
    • 6.3.10 Toshiba Energy Systems & Solutions Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Large Power Transformer Industry Segmentation

The scope of the large power transformer market report includes:

Type Single-phase Transformer
Three-phase Transformer
Application Power Transmission
Power Generation
Other Applications
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Large Power Transformer Market Research FAQs

What is the current Large Power Transformer Market size?

The Large Power Transformer Market is projected to register a CAGR of greater than 5.2% during the forecast period (2025-2030)

Who are the key players in Large Power Transformer Market?

Siemens Energy AG, Hitachi Energy Ltd, CG Power and Industrial Solutions Limited, Toshiba Energy Systems & Solutions Corporation and General Electric Company are the major companies operating in the Large Power Transformer Market.

Which is the fastest growing region in Large Power Transformer Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Large Power Transformer Market?

In 2025, the Asia Pacific accounts for the largest market share in Large Power Transformer Market.

What years does this Large Power Transformer Market cover?

The report covers the Large Power Transformer Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Large Power Transformer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Large Power Transformer Industry Report

Statistics for the 2025 Large Power Transformer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Large Power 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.