Three Phase Green Power Transformer Market Size

Three Phase Green Power Transformer Market size is expected to reach USD 3 billion by the end of 2036, growing at a CAGR of 6% during forecast period, i.e., 2024-2036. In the year 2023, the industry size of three pulse green power transformer was USD 1 billion. This growth of the market is set to be encouraged by the growing consumption of renewable energy. By 2025, over 34% of power generation is predicted to be met by renewable energy, in the world. As a result, the need for a three-phase green power transformer is predicted to increase to meet this demand for energy generation, which is done by adapting to irregular inputs that vary with weather.

Furthermore, governments all across the globe are launching various initiatives and investing heavily in renewable energy sources. Hence, this factor might also boost the market growth.  Additionally, they have also set strict regulations to eradicate the emissions from the environment. Hence, this is encouraging the power generation industry to make every process sustainable. Consequently, this is estimated to increase the preference for eco-friendly transformers.