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Low Power Transformers Market Size Forecast: How Large Could The Market Become By 2030?
The market size for low power transformers has experienced robust growth in recent years. Projections indicate it will expand from $39.31 billion in 2025 to reach $41.76 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.2%. Historically, this growth has been driven by factors such as significant demand from power plants, its integration into industrial automation, the expansion of urban infrastructure, rising electricity consumption, and an increase in small-scale manufacturing units.
The market for low power transformers is projected to experience robust expansion over the coming years. This market is forecast to reach $54.26 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.8%. Several factors are expected to drive this growth during the projection period, including advancements in transformer materials, the proliferation of smart grids, the incorporation of renewable energy systems, an increasing need for compact and modular transformer designs, and the expansion of electric vehicle charging infrastructure. Key trends anticipated during the forecast timeframe encompass smart transformer technology, efficient power management, solutions for predictive maintenance, efforts towards grid modernization, and the ongoing integration of renewable energy.
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Low Power Transformers Market Development Factors: Which Trends Are Supporting Demand?
The growing demand for electric vehicles is expected to fuel the expansion of the low-power transformers market in the future. An electric vehicle operates with an electric motor, powered by a battery that can be charged from an external source. Low-power transformers are essential for converting the alternating current (AC) from charging stations into the direct current (DC) needed to recharge electric vehicle batteries. For instance, according to Sustainable Bus, an Italy-based media company focused on clean buses and sustainability, the number of electric bus registrations in Europe increased by 53% in 2023 as compared to 2022. Consequently, the rising demand for electric vehicles is a primary driver for the growth of the low-power transformers market. The integration of renewable energy is anticipated to drive the future expansion of the low-power transformers market. Renewable energy integration involves incorporating electricity generated from sources like solar, wind, and hydropower into the existing electrical power grid. This integration is increasing due to declining technology costs and supportive government policies that incentivize clean energy deployment through tax credits and renewable portfolio standards. The incorporation of renewable energy creates an elevated demand for specialized electrical equipment capable of managing the variable power flows and voltage regulation requirements inherent to renewable energy systems. For example, in January 2024, the U.S. Energy Information Administration, a US-based federal agency responsible for collecting and analyzing energy information, reported that planned solar initiatives are expected to boost the electric power sector’s solar capacity by 38%, rising from 95 gigawatts (GW) at the close of 2023 to 131 GW by the end of 2024. Therefore, the integration of renewable energy is a key factor propelling the growth of the low-power transformers market.
Low Power Transformers Market Segmentation And Category Breakdown
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
Low Power Transformers Market Trends Reshaping Industry Growth
Companies operating within the low-power transformer market are strategically focusing on the introduction of compact transformers to gain a competitive edge. A low-power compact transformer is engineered to facilitate efficient power transfer while concurrently 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 specifically designed for achieving high power density and efficiency within a compact physical form, making it perfectly suited for gate drives and high-voltage battery management systems. It functions using a standard 12V supply, supporting a broad input range from 10-24V, and includes an advanced coil design aimed at enhancing both safety and performance. This particular series expands Bourns’ existing portfolio of low-power, high-creepage isolation transformers and is optimized for seamless integration with SiC, IGBT, and GaN switching components in various automotive, industrial, and energy storage applications.
Low Power Transformers Market Competitive Analysis Of Major Industry Participants
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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Low Power Transformers Market Geographic Distribution And Regional Opportunities
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.