The global green power transformer market is projected to reach R34,3 billion (US$1,81 billion) by 2030, growing at a compound annual growth rate of 6,9% between 2025 and 2030, according to recent market analysis released by US-based market research firm, Grand View Research.
The report attributes this growth to the adoption of renewable energy systems and the need for grid infrastructure capable of reducing energy losses.
Medium-voltage transformers accounted for more than 50,40% of global market revenue in 2024, the research found, reflecting widespread demand for equipment suited to sub-transmission and distribution networks.
In 2024, the largest share of demand for green power transformers came from renewable energy applications – such as wind farms and solar photovoltaic plants – contributing over 41,92% of global revenue. The report links this trend to ongoing grid integration efforts for solar and wind generation, particularly in regions experiencing high renewable energy penetration.
According to the report, demand for green power transformers is expected to increase as utilities and grid operators invest in transmission infrastructure capable of supporting net-zero ambitions. North America and Europe are identified as growth regions due to policy support for clean energy technologies and the need to replace ageing grid infrastructure.
