PUBLISHER: The Business Research Company | PRODUCT CODE: 1713359
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713359
Low power transformers are specifically categorized as power transformers with ratings ranging from 100 MVA to 500 MVA. These transformers are static devices that operate based on the principles of mutual induction, enabling the transformation of power from one electrical circuit to another without altering the frequency.
The product types are prevalent such as split-core and solid-core transformers. Split-core current transformers are designed for application in semi-permanent systems. They feature a transformer with one of its cores that can be extended or repositioned around the conductor and subsequently secured using a latch or another type of flange. Cooling methods for these transformers include both oil cooling and air cooling. These versatile transformers find various applications across power plants, factories, and other industrial settings.
The low power transformers market research report is one of a series of new reports from The Business Research Company that provides low power transformers market statistics, including low power transformers industry global market size, regional shares, competitors with a low power transformers market share, detailed low power transformers market segments, market trends and opportunities, and any further data you may need to thrive in the low power transformers industry. This low power transformers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The low power transformers market size has grown strongly in recent years. It will grow from $38.06 billion in 2024 to $41.35 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to electrical distribution, infrastructure development, technological advancements, regulatory compliance.
The low power transformers market size is expected to see strong growth in the next few years. It will grow to $53.51 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to renewable energy integration, electrification trends, digital technologies, electric vehicle charging infrastructure. Major trends in the forecast period include smart grids, eco-friendly materials, smart home technology, education and training.
The growth of the low-power transformers market was primarily influenced by the rapid expansion in emerging markets. This growth was supported by factors such as increasing disposable income, a stable political climate, and growing foreign investments in these regions. For example, the Organization for Economic Co-operation and Development (OECD) projected a 3.0% global economic growth in 2023, contributing to a surge in demand for electrical products and subsequently driving the low-power transformers market.
The growing demand for electric vehicles is expected to accelerate the growth of the low-power transformers market. Electric vehicles are powered by an electric motor that draws energy from a battery and can be recharged from an external source. Low-power transformers are used to convert alternating current (AC) power from the charging station into the direct current (DC) power needed to charge the vehicle's battery. For example, in November 2023, the U.S. Energy Information Administration, a US-based government agency, reported that the share of battery-electric vehicles (BEVs) in new light-duty vehicle sales reached 17.7% in the third quarter of 2023. BEVs represented 16.0% of total new vehicle sales for the year so far, up from 12.5% in 2022 and 9.0% in 2021. As a result, the increasing demand for electric vehicles is driving the growth of the low-power transformers market.
A notable trend in the low-power transformer market is the progression towards self-regulating smart transformers. These smart transformers are designed to regulate voltage consistently, maintaining communication with stakeholders and providing valuable information and feedback on power supply. They optimize voltage and supply the precise amount of power required, thereby reducing greenhouse gas emissions and power consumption. The US Department of Energy allocated $7.5 million for the research and development of smart transformers to enhance grid resiliency, indicating a growing investment in smart transformer technologies for commercial use.
Leading companies in the low-power transformer market are concentrating on launching compact transformers to strengthen their competitive position. A low-power compact transformer is engineered to deliver efficient power transfer while reducing energy loss. For example, in October 2024, Bourns Inc., a US-based electronics company, introduced an AEC-Q200 compliant, automotive-grade, low-profile, high-creepage isolation transformer. This model is specifically designed for high power density and efficiency in a compact form, making it well-suited for gate drives and high-voltage battery management systems. It operates on a standard 12V supply with a wide input range of 10-24V and incorporates an advanced coil design for enhanced safety and performance. This addition broadens Bourns' portfolio of low-power, high-creepage isolation transformers and is optimized for applications involving SiC, IGBT, and GaN switching components in automotive, industrial, and energy storage systems.
Major companies operating in the low power transformers market include Osram GmbH, Schneider Electric SE, Rockwell Automation Inc., Dechang Electronics Co. Ltd., Leviton Manufacturing Co. Inc., Plitron Manufacturing Inc., Hobut Holdings Limited, TDK Corporation, Murata Manufacturing Co. Ltd., API Technologies Corp., TE Connectivity Ltd., Phoenix Contact GmbH & Co. KG, ABB Ltd., Littelfuse Inc., Zelisko Limited, GE Grid Solutions LLC, Qualitrol Company LLC, Horstmann GmbH, Weidmuller Interface GmbH & Co. KG, TT Electronics PLC, Vishay Intertechnology Inc., Dachi Electric Co. Ltd., State Grid Luneng Group Co. Ltd., Tianwei Baobian Electric Co. Ltd., Hyosung Corporation, Crompton Greaves Limited, Bharat Heavy Electricals Limited, SPX Transformer Solutions Inc., Jiangsu Huapeng Transformer Co. Ltd., Hammond Power Solutions Inc., SolaHD, Acme Electric Corp., Jefferson Electric Inc., Marcus Transformer Ltd.
Asia-Pacific was the largest region in the low power transformers market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the low power transformers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The low power transformers market consists of sales of solid-core low power transformers, split-core low power transformers, and other low power transformers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Low Power Transformers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on low power transformers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for low power transformers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The low power transformers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.