Global Green Phase Transformer Market Size Likely to Grow at a CAGR of 7.48% By 2034

Market Size and Growth

As per the Green Phase Transformer Market size analysis conducted by the CMI team, the global green Phase transformer market is expected to record a CAGR of 7.48% from 2025 to 2034. In 2025, the market size was USD 1.91 Billion. by 2034, the valuation is anticipated to reach USD 3.64 Billion.

Overview

As per the industry experts at CMI, the global green phase transformer market will witness a splendid CAGR between 2025 and 2034. This could be credited to the rising interest in the production of high-power transformers that use materials such as amorphous steel cores that help in reducing energy losses. These transformers are suited for facilitating reduction in operational costs, thereby complying with global green and sustainability goals. The ongoing trend of moving to greener forms of energy that include wind, solar, and hydroelectric energy, there is a need for transformers that could efficiently transfer such types of energy.

Key Trends & Drivers

• Growing Demand for Renewable Energy to Determine Market Growth: Research states that renewable energy integration accounts for over 40% of the overall revenue generated from the green power transformer market. These transformers are designed with the objective to integrate the inadvertent energy supplies into the grid. The transformers help in stabilizing voltage fluctuations, thereby supporting overall scalability and efficiency of renewable energy systems. They are thus key facilitators of energy transition at the global level.

• Government Incentives and Regulations: The governments across the globe are into the implementation of policies as well as regulations for promoting the adoption of renewable energy and reducing greenhouse emissions. Such policies are inclusive of feed-in tariffs, tax credits, and renewable portfolio standards. The feed-in tariffs make provisions for financial incentives to individuals and businesses who do generate renewable energy. Renewable portfolio standards require utilities to generate some percentage of electricity from renewable energy sources. tax credits are the other form of government incentives that lessen the cost of investment in the renewable energy projects.

Report Scope

SWOT Analysis

• Strengths: Innovations with respect to transformer design, such as the usage of ester oil along with advancements in the cooling systems, are facilitating more efficient, compact, and sustainable solutions. Green transformers do offer lower losses, reduce noise pollution, and provide potential for small size in comparison with conventional transformers, thereby contributing to a sustainable energy system. Governments are incentivizing adoption of green power transformers to promote sustainability.

• Weaknesses: Various small-scale players find investing in green transformers upfront difficult due to the higher price than traditional transformers. Also, integration of renewable energy sources with power grids that exist could be complex, needing upgrades for accommodating the intermittent nature of certain renewables and the special power characteristics of the green transformers.

• Opportunities: Continual growth of renewable energy projects does present noticeable opportunities for manufacturers of transformers for expanding the market share. Integrating smart grid technologies with green power transformers could improve grid efficiency, stability, and reliability. Various developing economies are investing in renewable infrastructure and energy, which are creating new opportunities for green power transformers.

• Threats: Conventional mineral oil transformers are still dominating the green power transformer market, thereby posing a threat to green power transformers. also, with grids becoming digitalized, the cybersecurity threats do pose potential risk to the reliability and stability of power supply.

List of the prominent players in the Green Phase Transformer Market:

• Siemens Energy
• Schneider Electric
• ABB Ltd.
• General Electric
• Eaton Corporation
• Mitsubishi Electric Corporation
• Hitachi Energy
• Wilson Transformer Company
• Crompton Greaves (CG Power and Industrial Solutions)
• SPX Transformer Solutions
• Bharat Heavy Electricals Limited
• Havells
• Toshiba
• Power Grid Corporation of India Limited
• Doosan Heavy Industries Construction
• Others

The Green Phase Transformer Market is segmented as follows:

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage

By Application

• Renewable Energy Integration
• Energy Transmission & Distribution
• Industrial & Commercial Use
• Residential

By Phase

• Three Phase
• Single Phase

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America