Designed to make market research more actionable and strategically valuable, The Business Research Company’s 2026 market reports feature market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Fast Is The Low Power Transformers Market Growing? Market Size, CAGR And Forecast Insights
The market for low power transformers has experienced robust expansion over recent years. This market is projected to expand from $39.31 billion in 2025 to $41.76 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.2%. Historically, this growth has been driven by several factors, including significant demand from power plants, increased adoption in industrial automation, the expansion of urban infrastructure, rising electricity consumption, and an increase in small-scale manufacturing units.
The low power transformers market size is anticipated to undergo significant expansion in the upcoming years. It is projected to increase to $54.26 billion in 2030, achieving a compound annual growth rate (CAGR) of 6.8%. This growth during the forecast period is attributable to improvements in transformer materials, the widening adoption of smart grids, the assimilation of renewable energy sources, the growing need for compact and modular transformers, and the expansion of electric vehicle charging infrastructure. Prominent trends expected in this period encompass smart transformers, efficient power management for energy conservation, solutions for predictive maintenance, ongoing grid modernization efforts, and enhanced renewable energy integration.
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Low Power Transformers Market Momentum: Key Driver Expected To Boost Growth Through 2030
The rising demand for electric vehicles is anticipated to drive the expansion of the low-power transformers market in the future. An electric vehicle is defined as a vehicle that uses an electric motor, powered by a battery, which can be charged from an external source. Low-power transformers are essential for converting the alternating current (AC) supplied by charging stations into the direct current (DC) required to recharge electric vehicle batteries. For instance, Sustainable Bus, an Italy-based media company specializing in clean buses and sustainability, reported that electric bus registrations in Europe grew by 53% in 2023 compared to 2022. Therefore, the increasing demand for electric vehicles is a key factor propelling the growth of the low-power transformers market.
Low Power Transformers Market Segments: A Category-By-Category Overview
The low power transformers market covered in this report is segmented –
1) By Product Type: Split-Core, Solid-Core
2) By Cooling Method: Oil-Cooled, Air-Cooled
3) By Applications: Power Plants, Factory, Other Applications
Subsegments:
1) By Split-Core: Open Split-Core Transformers, Encapsulated Split-Core Transformers
2) By Solid-Core: Laminated Core Transformers, Amorphous Metal Core Transformers, CRGO Steel Core Transformers, CRNGO Steel Core Transformers
Which Emerging Trends Are Gaining Traction In The Low Power Transformers Market?
Major companies operating in the low-power transformer market are focusing on introducing compact transformers to gain a competitive advantage. A low-power compact transformer is designed to provide efficient power transfer while minimizing energy loss. For instance, in October 2024, Bourns Inc., a US-based electronics company, launched an AEC-Q200 compliant, automotive-grade, low-profile, high-creepage isolation transformer. This model is engineered for high power density and efficiency within a compact form, making it ideal for gate drives and high-voltage battery management systems. It operates on a standard 12V supply with a broad input range of 10-24V and features an advanced coil design for improved safety and performance. This series expands Bourns’ lineup of low-power, high-creepage isolation transformers and is optimized for use with SiC, IGBT, and GaN switching components in automotive, industrial, and energy storage systems.
Low Power Transformers Market Key Participants: Prominent Companies At A Glance
Major companies operating in the low power transformers market are ABB, GE Grid Solutions, Qualitrol, Horstmann, State Grid Corporation of China, Tianwei Baobian Electric, Hyosung Corporation, Crompton Greaves, Bharat Heavy Electricals Limited, SPX Transformer Solutions, Jiangsu Huapeng Transformer, Hammond Power Solutions, SolaHD, Acme Electric, Jefferson Electric, Marcus Transformer, Dachi Electric, Zelisko, Siemens Energy, Mitsubishi Electric, Toshiba Energy Systems & Solutions, Fuji Electric
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Top Region In The Low Power Transformers Market: A Global Perspective
Asia-Pacific was the largest region in the low power transformers market in 2025. Western Europe is the second-largest region in the low power transformers market. The regions covered in the low power transformers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
