Global Power Transformer Market Size & Outlook, 2022-2030
Global power transformer market, 2018-2030 (US$B)
Related Markets
Global power transformer market highlights
- The global power transformer market generated a revenue of USD 22.8 billion in 2022 and is expected to reach USD 37.2 billion by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.3% by 2030.
- In terms of segment, shell accounted for a revenue of USD 9.5 billion in 2022.
- Shell is the most lucrative core segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 22.8 billion |
| Market revenue in 2030 | USD 37.2 billion |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Shell |
| Fastest growing segment | Shell |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Closed, Shell, Berry |
Other key industry trends
- In terms of revenue, the North America accounted for 23.5% of the global power transformer market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 0.8 billion by 2030.
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Power Transformer Market Scope
Power Transformer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global power 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 power transformer market will help companies and investors design strategic landscapes.
Shell was the largest segment with a revenue share of 41.67% in 2022. Horizon Databook has segmented the Global power transformer market based on closed, shell, berry covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Power Transformer Core Outlook (Revenue, USD Billion, 2018-2030)
- Closed
- Shell
- Berry
- Global Power Transformer Insulation Outlook (Revenue, USD Billion, 2018-2030)
- Gas
- Oil
- Solid
- Air
- Global Power Transformer Phase Outlook (Revenue, USD Billion, 2018-2030)
- Single
- Three
- Global Power Transformer Rating Outlook (Revenue, USD Billion, 2018-2030)
- 100 MVA to 500 MVA
- 501 MVA to 800 MVA
- 801 MVA to 1200 MVA
- Global Power Transformer Application Outlook (Revenue, USD Billion, 2018-2030)
- Residential & Commercial
- Utilities
- Industrial
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Target buyers of Global power transformer market databook
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Our clientele includes a mix of power transformer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global power transformer market , including forecasts for subscribers. This global databook contains high-level insights into Global power transformer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global power transformer market size, by regions, 2018-2030 (US$B)
Top 10 countries: Power transformer market size, 2022 (US$B)
Global power transformer market share, by core, 2022 & 2030 (%, US$B)
Power transformer market: Opportunity assessment by country
Global power transformer market, by region, 2022 (US$B)
| Core | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4.5 | 4.7 | 4.8 | 5.1 | 5.4 | 5.7 | 6.0 | 6.4 | 6.8 | 7.2 | 7.7 | 8.2 | 8.8 | 6.4% |
| Europe | 3.6 | 3.8 | 3.8 | 4.0 | 4.2 | 4.4 | 4.6 | 4.9 | 5.2 | 5.5 | 5.8 | 6.2 | 6.6 | 5.8% |
| Asia Pacific | 7.5 | 7.9 | 8.1 | 8.6 | 9.2 | 9.7 | 10.4 | 11.1 | 11.9 | 12.8 | 13.7 | 14.8 | 15.9 | 7.1% |
| Latin America | 2.2 | 2.3 | 2.3 | 2.4 | 2.5 | 2.6 | 2.8 | 2.9 | 3.1 | 3.2 | 3.4 | 3.6 | 3.8 | 5.4% |
| MEA | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 1.7 | 1.7 | 1.8 | 1.8 | 1.9 | 1.9 | 2.0 | 2.0 | 3.1% |
| Overall | 19.3 | 20.2 | 20.4 | 21.7 | 22.8 | 24.1 | 25.5 | 27.0 | 28.7 | 30.6 | 32.6 | 34.8 | 37.1 | 6.3% |
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