Spain Dry Type Transformer Market Size & Outlook

The dry type transformer market in Spain is expected to reach a projected revenue of US$ 157.2 million by 2033. A compound annual growth rate of 6.8% is expected of Spain dry type transformer market from 2026 to 2033.
Revenue, 2025 (US$M)
$93.1
Forecast, 2033 (US$M)
$157.2
CAGR, 2026 - 2033
6.8%
Report Coverage
Spain

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Spain dry type transformer market, 2021-2033 (US$M)

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Spain dry type transformer market highlights

  • The Spain dry type transformer market generated a revenue of USD 93.1 million in 2025 and is expected to reach USD 157.2 million by 2033.
  • The Spain market is expected to grow at a CAGR of 6.8% from 2026 to 2033.
  • In terms of segment, medium voltage was the largest revenue generating voltage in 2025.
  • Medium Voltage is the most lucrative voltage segment registering the fastest growth during the forecast period.


Dry type transformer market data book summary

Market revenue in 2025USD 93.1 million
Market revenue in 2033USD 157.2 million
Growth rate6.8% (CAGR from 2026 to 2033)
Largest segmentMedium voltage
Fastest growing segmentMedium Voltage
Historical data2021 - 2024
Base year2025
Forecast period2026 - 2033
Quantitative unitsRevenue in USD million
Market segmentationLow Voltage, Medium Voltage, High Voltage
Key market players worldwideSiemens Energy AG ADR, ABB Ltd, Schneider Electric SE, Kirloskar Electric, Hitachi Energy, Eaton Corp PLC, Hammond Power Solutions, Transformers & Rectifiers India, Tbea, HYUNDAI ELECTRIC


Other key industry trends

  • In terms of revenue, Spain accounted for 1.3% of the global dry type transformer market in 2025.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2033.
  • In Europe, Germany dry type transformer market is projected to lead the regional market in terms of revenue in 2033.
  • Spain is the fastest growing regional market in Europe and is projected to reach USD 157.2 million by 2033.

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Dry Type Transformer Market Companies

Name Profile # Employees HQ Website
HYUNDAI ELECTRIC View profile 1001-5000 Seongnam, Kyonggi-do, South Korea, Asia http://www.hyundai-elec.com/
Transformers & Rectifiers India View profile 1001-5000 Ahmedabad, Gujarat, India, Asia http://www.transformerindia.com
Hammond Power Solutions View profile 1001-5000 Guelph, Ontario, Canada, North America https://www.hammondpowersolutions.com
Tbea View profile 10001+ Changji, Xinjiang, China, Asia http://www.tbea.com
Kirloskar Electric View profile 501-1000 Bangalore, Karnataka, India, Asia http://kirloskarelectric.com/
Hitachi Energy View profile 10001+ Zürich, Zurich, Switzerland, Europe https://www.hitachienergy.com/
Eaton Corp PLC View profile 94000 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 https://www.eaton.com
Siemens Energy AG ADR View profile 97000 Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 https://www.siemens-energy.com
ABB Ltd View profile 108700 Affolternstrasse 44, Zurich, Switzerland, 8050 https://www.abb.com
Schneider Electric SE View profile 162339 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 https://www.se.com

Spain dry type transformer market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dry type transformer market will help companies and investors design strategic landscapes.


Medium voltage was the largest segment with a revenue share of 46.94% in 2025. Horizon Databook has segmented the Spain dry type transformer market based on low voltage, medium voltage, high voltage covering the revenue growth of each sub-segment from 2021 to 2033.


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Horizon Databook provides a detailed overview of country-level data and insights on the Spain dry type transformer market , including forecasts for subscribers. This country databook contains high-level insights into Spain dry type transformer market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Spain dry type transformer market size, by voltage, 2021-2033 (US$M)

Spain Dry Type Transformer Market Outlook Share, 2025 & 2033 (US$M)

Spain dry type transformer market size, by voltage, 2021-2033 (US$M)

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