Green power transformer market to reach $1.81 B by 2030
The global green power transformer market is expected to reach $1.8 B by 2030, growing at a CAGR of 6.9 % from 2025 to 2030.
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The global green power transformer market is expected to reach $1.8 B by 2030, growing at a CAGR of 6.9 % from 2025 to 2030.
According to a report by Grand View Research, Inc., the global green power transformer market size is anticipated to reach $1.8 B by 2030, growing at a CAGR of 6.9 % during the forecast period from 2025 to 2030.
The demand for green power transformers is likely to grow significantly in the coming years, driven by the rapid integration of renewable energy sources, modernisation of power infrastructure, and the push for lower carbon emissions.
The medium voltage segment accounted for the largest revenue share at 50.78 % in 2024. The renewable energy integration segment held a dominant share of 41.92 % in 2024. Asia Pacific is projected to register the fastest growth rate during the forecast period. The region’s rapid industrialisation, massive renewable energy investments, and grid modernisation initiatives are key drivers.
Key market players include: Siemens Energy, Schneider Electric, ABB Ltd., General Electric, Eaton Corporation, Mitsubishi Electric Corporation, and Hitachi Energy, among others.
Source: Grand View Research
#Asia Pacific#Grand View Research#green power transformer#industrialisation#market report#medium-voltage#modernisation#Renewables