Global Transformer Market Projected to Reach $102.5 Billion by 2030
According to the Transformer Market Report 2026 published by Research and Markets, the global transformer market is forecast to grow from $82.23 billion in 2025 to $102.46 billion by 2030, at a compound annual growth rate of 5.7% .
Key Market Dynamics:
Power Transformers and Distribution Transformers are the primary product segments
Asia-Pacific leads revenue with 52.88% market share and exhibits the highest 8.23% CAGR outlook
Small Power Transformers (Up to 60 MVA) hold the largest share, while Large Power Transformers (Above 200 MVA) command multi-million-dollar contract values
Oil-cooled technology accounts for 72.05% of global revenue and is expected to maintain 7.64% CAGR through 2031
The report covers 250 pages with data through 2035, including market analysis by transformer type, cooling type, phase, end-user, and geography .
