Utility Power Transformers Whitepaper

Utility Power Transformers: Navigating Demand, Innovation and Supply Challenges

Download the whitepaper for insights into:

Rising global demand driven by electrification, renewables and grid upgrades.
Smarter, safer and greener transformer technologies reshaping the energy landscape.
Ongoing supply chain challenges and the strategic solutions shaping future resilience.

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Power transformer market growth

The global power transformer market demand is expected to grow at a steady CAGR of 4.4% from 2023 to 2030, presenting a stable and reliable investment opportunity.

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Europe transformer market growth

Europe’s transformer market is projected to grow at a 12.5% CAGR in revenue from 2023 to 2030, with over 61% of installations concentrated in the 150–420 kV voltage classes.

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Imports from China

In 2024, power transformer imports from China to the USA doubled compared to 2023, despite new tariffs, underscoring China's dominance and the strain on domestic supply chains.

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Demand for power transformers

As of 2024, annual demand for large power transformers stands at 103,000 MVAs, while total production capacity is limited to 70,000 MVAs — revealing a substantial global shortfall.

Read more on page 19