Lucintel Forecasts the Global Digital Power Transformer Market to Grow with a CAGR of 8.1% from 2025 to 2031

Lucintel Forecasts the Global Digital Power Transformer Market to Grow with a CAGR of 8.1% from 2025 to 2031

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According to a market report by Lucintel, the future of the global digital power transformer market looks promising with opportunities in the power station, substation, and transmission station markets. The global digital power transformer market is expected to grow with a CAGR of 8.1% from 2025 to 2031. The major drivers for this market are increase in renewable energy integration, rising power consumption, and growing focus on grid modernization.

A more than 150-page report to understand trends, opportunity and forecast in global digital power transformer market to 2031 by type (single phase and three phase), application (power station, substation, transmission station, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that, within the type category, three phase is expected to witness higher growth over the forecast period due to its ability for large-scale power generation.

Within the application category, substation is expected to witness the highest growth.

In terms of region, APAC is expected to witness the highest growth over the forecast period.

Hitachi Energy, ABB, Siemens, GE, SGB-SMIT, Mitsubishi Electric, Toshiba, SPX Transformer Solutions, CG Power and Industrial Solutions, Hyosung are the major suppliers in the digital power transformer market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056