Power Transformer Market Analysis

  • Report ID: 5977
  • Published Date: Sep 16, 2025
  • Report Format: PDF, PPT

Power Transformer Market Segmentation:

Phase Segment Analysis

In terms of phase, the three-phase segment share in power transformer market is anticipated to surpass 61% by the end of 2035. Three-phase transformers have six windings, three for the primary and three for the secondary, connected in either a delta or a triangle configuration. These circuits can be regarded as part of a single-phase converter. Delta and star are the two most common forms of three-phase connections. A delta connection, also known as a mesh connection, consists of three windings connected at the end, forming a closed loop without a neutral point.

End User Segment Analysis

Based on end user, the industrial segment in power transformer market is anticipated to record the highest revenue share of 44% during the forecast period. These transformers are mainly used in industrial settings, such as manufacturing plants, refineries, mining operations, and other heavy-duty applications. To be able to withstand the intense operating conditions, heavy construction and insulation are commonly used in industry transformers. Industrial supply voltage in Canada stands at 600 VAC similar to that of the US at 480 VAC on the other hand Europe stands at 400 volts in common industrial voltage. The majority of factories are typically supplied with 480V three-phase power, but stepping down the transformers reduces the voltage to 240 V, 208 or 120 for small devices and appliances.

Our in-depth analysis of the global power transformer market includes the following segments:

          Phase

  • Single Phase
  • Three Phase

          Core

  • Closed
  • Berry
  • Shell

          Insulation

  • Dry
  • Liquid

          Power Rating

  • 20kV-275kV
  • Above 275 kV

          End User

  • Residential & Commercial
  • Industrial
  • Utility

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of power transformer is assessed at USD 30.12 billion.

The global power transformer market size was valued at over USD 28.43 billion in 2025 and is expected to expand at a CAGR of more than 6.6%, surpassing USD 53.87 billion revenue by 2035.

Asia Pacific power transformer market will secure over 43.20% share by 2035, fueled by renewable energy adoption and increased grid integration.

Key players in the market include of HD HYUNDAI ELECTRIC CO., LTD., HYOSUNG USA, Powertech Transformers &Controls Pvt Ltd, Bharat Bijlee Limited, Transformers & Rectifiers India Ltd, Mitsubishi Electric Corporation.
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