Driven by the global energy transition, grid upgrade and large-scale construction of data center and AI computing infrastructure, the global power transformer market is maintaining a high prosperity trend in 2026, with a persistent supply gap of around 30%, according to the latest industry report released by a professional international power equipment research institution.

The report shows that the global power transformer market size is expected to exceed 30 billion US dollars in 2026, and the demand for high-efficiency, smart and environment-friendly transformers is growing rapidly. In Europe, the promotion of renewable energy projects such as wind power and photovoltaic power generation has driven a sharp increase in demand for grid-matching transformers, with the import volume of related products increasing by 138% year-on-year. In North America and Southeast Asia, the acceleration of old grid transformation and new power project construction has also brought a steady stream of orders to transformer manufacturers.

Industry insiders pointed out that the current global transformer supply chain is tight, and the delivery cycle of some high-voltage and special transformers has been extended to 24 months. Chinese transformer manufacturers, with their complete industrial chain, stable production capacity and high cost-performance products, have become the core suppliers to fill the global supply gap. In 2025, China's total export value of transformers reached 64.6 billion yuan, a year-on-year increase of nearly 36%, and its products have been sold to more than 90 countries and regions around the world. Many leading enterprises have achieved full-load production, and some orders have been scheduled to the end of 2027.

In the future, with the continuous advancement of global low-carbon energy transformation, the demand for high-efficiency energy-saving and smart transformers will further release, and manufacturers focusing on technological innovation and product upgrading will seize more market opportunities.