Global transformers market to reach $89.34bn in 2030 led by APAC

GlobalData Energy

Tue, Apr 29, 2025, 9:24 AM 3 min read

GlobalData's latest study "Transformers Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030" offers in-depth investigation of the transformers marketplace astatine global, determination (Asia-Pacific, Americas, Europe, and Middle East and Africa) and cardinal countries (the US, Brazil, China, India, Japan, Germany, the UK, and Saudi Arabia) levels.

The study analyses the marketplace worth ($m) and marketplace capableness (MVA) for the years of 2020-2030; divided betwixt the humanities play (2020-2024) and forecast play (2025-2030) crossed each levels.

The study covers state level transformers marketplace overview, transmission web enactment lengths (Ckm) and substations (units), cardinal policies and regulations, marketplace drivers and restraints, and large upcoming substations projects are besides presented. Profiles of large transformer manufacturers are besides outlined successful the report. The study is built utilizing information and accusation sourced from proprietary databases, superior and secondary research, and in-house investigation by GlobalData's squad of manufacture experts.

The planetary transformers marketplace is connected a beardown maturation trajectory, projected to scope $89.34bn successful 2030, driven by rising energy demand, renewable integration, and grid modernisation. The Asia-Pacific (APAC) portion is acceptable to pb the complaint with robust investments, portion the Europe, Middle East, and Africa (EMEA) portion is poised to turn fastest, fuelled by infrastructure upgrades and powerfulness assemblage reforms crossed processing economies successful the Middle East and Africa.

The planetary marketplace for powerfulness transformers is projected to scope $35.83bn, portion the organisation transformers marketplace is anticipated to attain $53.51bn successful 2030. The APAC powerfulness transformers marketplace is acceptable to turn from $12.35bn successful 2024 to $18.96bn successful 2030. The region’s economical maturation has driven commercialized enactment and spurred galore nations to put successful large-scale improvement programs.

National electrification programs, expanding renewable vigor portfolios, marketplace reforms, and the important concern bases successful China and India are poised to lend to the caller infrastructure development, thereby bolstering the determination market. With the request for powerfulness acceptable to summation successful the Middle East and Africa, the EMEA is estimated to beryllium the fastest increasing region, with a CAGR of 7.7%, implicit the forecast period.

Regarding the organisation transformers market, the APAC portion is projected to beryllium the largest, with an anticipated worth of $32.51bn successful 2030. The divers marketplace conditions wrong the EMEA portion suggest that much established European markets, specified arsenic Germany and the UK, volition prioritise the replacement of aging infrastructure to guarantee continued reliability.