According to Stratistics MRC, the Global Power Transformers Market is accounted for $32.80 billion in 2021 and is expected to reach $62.71 billion by 2028 growing at a CAGR of 9.7% during the forecast period.

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Power transformer is used chiefly to receive low voltage generator electric power and transmit it across distribution channels across the power grid network. It forms a crucial part of the power grid and helps in transmission of power from one network to the other without change in frequency. Generation of electric power in low voltage is cost effective, but it leads to high line current. A power transformer is mainly used to step-up the voltage. Power transformers play a crucial role in power transmission. Decades of research in the transmission networks has led to an increase in the transmission voltages.

Some of the key players profiled in the Power Transformers Market include Siemens AG, Alstom SA, Schneider Electric SE, Hitachi ABB Power Grids, CG Power and Industrial Solutions Ltd., Bharat Heavy Electricals Ltd., SGB-SMIT Group, General Electric Company, Toshiba Corporation, Mitsubishi Electric Corporation, Hyosung Corporation, Crompton Greaves Ltd., Hyundai Heavy Industries Co. Ltd, SPX Transformer Solutions Inc., Kirloskar Electric Co. Ltd., TBEA Co. Ltd., and EMCO Ltd.

Ratings Covered:
• Small Power Transformer (Up to 60MVA)
• Medium Power Transformer (61 – 600MVA)
• Large Power Transformer (Above 600MVA)

Insulation Types Covered:
• Wet
• Air
• Gas
• Solid
• Oil

Product Types Covered:
• Shell
• Core
• Closed
• Berry

Voltage Types Covered:
• Above 400 kV
• 200-400 kV
• 100-200kV

Phase Types Covered:
• Three Phase
• Two Phase
• Single Phase

Cooling Methods Covered:
• Air-Cooled
• Oil Immersed
• Dry Type
• Liquid Cooled

Windings Covered:
• Auto Transformer
• Two Winding

Installations Covered:
• Indoor
• Outdoor

Mountings Covered:
• Printed Circuit (PC)/Printed Circuit Board (PCB)
• Pad
• Pole

Applications Covered:
• Power Transmission
• Power Generation Step-up
• Traction Locomotives
• Smart Grid
• Electric Vehicle (EV) Charging

End Users Covered:
• Energy and Utility Sector
• Residential & Commercial
• Infrastructure
• Industrial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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