Low Power Transformers Market Report 2026

Low Power Transformers Market Overview

• Low Power Transformers market size has reached to $39.31 billion in 2025 • Expected to grow to $54.26 billion in 2030 at a compound annual growth rate (CAGR) of 6.8% • Growth Driver: Rising Demand For Electric Vehicles Boosts Low-Power Transformers Market • Market Trend: Innovative Compact Transformers Boost Efficiency And Safety • Asia-Pacific was the largest region in 2025 and Western Europe is the fastest growing region.

What Is Covered Under Low Power Transformers Market?

Low power transformers are defined as power transformers with ratings of 100 MVA to 500 MVA. It is a static device that works on the principles of mutual induction to transform power from one circuit to another circuit without changing frequency. The main types of products in low power transformers are split-core and solid-core. Split-core current transformers are intended for use in semi-permanent systems. They have a transformer with one of the cores that may be extended or moved around the conductor and then secured with a latch or other type of flange. The cooling methods are oil cooled and air cooled. The different applications include power plants, factories, others.

What Is The Low Power Transformers Market Growth Forecast?

The low power transformers market size is expected to see strong growth in the next few years. It will grow to $54.26 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to advancements in transformer materials, expansion of smart grids, integration with renewable energy sources, demand for compact and modular transformers, growth in electric vehicle charging infrastructure. Major trends in the forecast period include smart transformers, energy-efficient power management, predictive maintenance solutions, grid modernization initiatives, renewable energy integration.

Global Low Power Transformers Market Segmentation

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

What Is The Driver Of The Low Power Transformers Market?

Increasing demand for electric vehicles is expected to propel the growth of the low-power transformers market going forward. An electric vehicle refers to a vehicle that has an electric motor that can be powered by energy from a battery and can be charged from an external source. Low-power transformers are used to convert the AC power from the charging station to the DC power required to charge the electric vehicle battery. 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. Therefore, the increasing demand for electric vehicles is driving the growth of the low-power transformers market.

What Is The Driver Of The Low Power Transformers Market?

The integration of renewable energy is expected to propel the growth of the low-power transformers market going forward. Renewable energy integration refers to the process of incorporating electricity generated from renewable sources such as solar, wind, and hydropower into the existing electrical power grid. The integration of renewable energy is rising due to declining technology costs and favorable government policies that incentivize clean energy deployment through tax credits and renewable portfolio standards. The integration of renewable energy creates increased demand for specialized electrical equipment capable of managing variable power flows and voltage regulation requirements inherent to renewable energy systems. For instance, in January 2024, according to the U.S. Energy Information Administration, a US-based federal agency responsible for collecting and analyzing energy information, 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 driving the growth of the low-power transformers market.

Key Players In The Global Low Power Transformers Market

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

Global Low Power Transformers Market Trends and Insights

Major companies operating in the low-power transformer market are focused on introducing compact transformers to gain a competitive edge in the market. A low-power compact transformer is a type of transformer that is designed to provide efficient power transfer while minimizing energy loss. For instance, in October 2024, Bourns Inc., a US-based electronics company, launched AEC-Q200 compliant, automotive-grade, low-profile, high-creepage isolation transformer. This model is designed for high power density and efficiency within a compact form, making it ideal for gate drives and high-voltage battery management systems. It operates on a standard 12V supply with a broad input range of 10-24V and features an advanced coil design for improved safety and performance. This series expands Bourns' lineup of low-power, high-creepage isolation transformers and is optimized for use with SiC, IGBT, and GaN switching components in automotive, industrial, and energy storage systems.

Regional Outlook

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Low Power Transformers Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Low Power Transformers Market Report 2026?

The low power transformers market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the low power transformers industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.