GITNUX MARKETDATA REPORT 2024

Transformer Power Statistics

The transformer power statistics describe the distribution and characteristics of power consumption by transformers within a given system or network.

With sources from: energycentral.com, energy.gov, mordorintelligence.com, seai.ie and many more

Statistic 1

The global power transformers market size was valued at USD 27.7 billion in 2019.

Statistic 2

The power transformer market is expected to grow at a CAGR of over 7% from 2020 to 2025.

Statistic 3

Asia Pacific dominated the power transformer market with over 38% share globally in 2019.

Statistic 4

The global need for power transformers is projected to expand 1.25 times from 2021 to 2030.

Statistic 5

Power transformers account for approximately 45% of the total cost of a new substation.

Statistic 6

The average efficiency of power transformers is between 98%-99%.

Statistic 7

The average lifespan of power transformers is between 35 to 40 years.

Statistic 8

In 2019, the global market for power transformer oil was worth $2.45 billion.

Statistic 9

Power transformers of 100 MVA to 500 MVA are anticipated to witness a growth rate of over 6% between 2020-2026.

Statistic 10

By 2025, the dry-type power transformer segment is projected to reach a market value of $1.3 billion.

Statistic 11

In Europe, the Eastern region accounted for nearly 30% of power transformer demand in 2013.

Statistic 12

Approximately 70% of power transformers are over 25 years old in the US.

Statistic 13

Liquid-filled power transformers will witness a CAGR of 6.9% between 2020 to 2026.

Statistic 14

The Middle East & Africa power transformers market is expected to witness the lowest CAGR of 4% from 2020 to 2027.

Statistic 15

Power transformers of up to 1000 MVA accounted for over 15% of global revenue in 2019.

Statistic 16

The power transformers market in India is estimated to grow at a CAGR of 7.6% in the period 2020-2025.

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In the following post, we will explore key statistics and trends shaping the global power transformers market. From market size and growth projections to regional dominance and technological advancements, these statistics provide valuable insights into the critical role of power transformers in the energy infrastructure sector.

Statistic 1

"The global power transformers market size was valued at USD 27.7 billion in 2019."

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Statistic 2

"The power transformer market is expected to grow at a CAGR of over 7% from 2020 to 2025."

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Statistic 3

"Asia Pacific dominated the power transformer market with over 38% share globally in 2019."

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Statistic 4

"The global need for power transformers is projected to expand 1.25 times from 2021 to 2030."

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Statistic 5

"Power transformers account for approximately 45% of the total cost of a new substation."

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Statistic 6

"The average efficiency of power transformers is between 98%-99%."

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Statistic 7

"The average lifespan of power transformers is between 35 to 40 years."

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Statistic 8

"In 2019, the global market for power transformer oil was worth $2.45 billion."

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Statistic 9

"Power transformers of 100 MVA to 500 MVA are anticipated to witness a growth rate of over 6% between 2020-2026."

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Statistic 10

"By 2025, the dry-type power transformer segment is projected to reach a market value of $1.3 billion."

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Statistic 11

"In Europe, the Eastern region accounted for nearly 30% of power transformer demand in 2013."

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Statistic 12

"Approximately 70% of power transformers are over 25 years old in the US."

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Statistic 13

"Liquid-filled power transformers will witness a CAGR of 6.9% between 2020 to 2026."

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Statistic 14

"The Middle East & Africa power transformers market is expected to witness the lowest CAGR of 4% from 2020 to 2027."

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Statistic 15

"Power transformers of up to 1000 MVA accounted for over 15% of global revenue in 2019."

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Statistic 16

"The power transformers market in India is estimated to grow at a CAGR of 7.6% in the period 2020-2025."

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Interpretation

The global power transformers market is experiencing significant growth and diversification, as indicated by the steady increase in market size and projected expansion in demand. Asia Pacific remains a key player in the market, while regions such as India and Eastern Europe show promising growth prospects. Liquid-filled transformers dominate the market, with a notable share of revenue coming from high-capacity transformers. Efficiency and lifespan standards are generally high, contributing to the reliability and longevity of power transformers. The market landscape is expected to evolve further with the rise of dry-type transformers and advancements in technology.

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