The global Potential Transformer market size was US$ 2781 million in 2024 and is forecast to a readjusted size of US$ 3891 million by 2031 with a CAGR of 5.0% during the forecast period 2025-2031.
Potential transformers (PT), are a parallel-connected type of instrument transformer. They are designed to present a negligible load to the supply being measured and have an accurate voltage ratio and phase relationship to enable accurate secondary connected metering. Therefore, the capacity of voltage transformers is very small, generally only a few volt-amperes or tens of volt-amperes, and the maximum does not exceed one thousand volt-amperes. The entry introduces its basic structure, working principle, main types, wiring methods, precautions, abnormalities and handling, and ferromagnetic resonance, etc.
As renewable energy sources such as solar, wind, and hydropower continue to grow, the demand for voltage transformers (VTs) is increasing. Voltage transformers play a crucial role in stepping down high voltages for safe integration with electrical grids. In particular, they are key in connecting renewable energy generation systems to distribution networks, especially in remote areas.
The rise of smart grids, which allow for two-way communication and improved grid management, is driving the need for advanced voltage transformers. These transformers are being integrated with smart sensors, control systems, and communication technologies that enable real-time monitoring and management of electrical networks. This trend is particularly prevalent in developed regions that are modernizing their power infrastructure.
As urban populations expand and industrialization accelerates in emerging economies, there is an increasing need for reliable power distribution systems. Voltage transformers are essential for transforming high-voltage electricity into safe, usable levels for urban areas, manufacturing facilities, and commercial buildings. Large-scale infrastructure projects in countries like China, India, and parts of Africa are driving demand.
In developing countries, electrification projects are ongoing, especially in rural and remote areas. Voltage transformers are needed to step down high voltages for household and small-scale industrial use. These regions are seeing an increase in grid expansion projects, and VTs are vital for improving energy access and reliability.
The global Potential Transformer market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
Hitachi Energy
Schneider Electric
ABB
Siemens
GE
Emek
Indian Transformers
Trench
RITZ Instrument Transformers
Amran Instrument Transformers
Zhejiang Chint Electrics
Sieyuan Electric
By Type: (Dominant Segment vs High-Margin Innovation)
Electromagnetic Voltage Transformer
Non-Electromagnetic Voltage Transformer
By Application: (Core Demand Driver vs Emerging Opportunity)
Power Plant
Substation
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., Hitachi Energy in Europe)
- Emerging Product Trends: Electromagnetic Voltage Transformer adoption vs. Non-Electromagnetic Voltage Transformer premiumization
- Demand-Side Dynamics: Power Plant growth in China vs. Substation potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Potential Transformer market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Non-Electromagnetic Voltage Transformer in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Substation in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Potential Transformer value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 Potential Transformer Product Scope
1.2 Potential Transformer by Type
1.2.1 Global Potential Transformer Sales by Type (2020 & 2024 & 2031)
1.2.2 Electromagnetic Voltage Transformer
1.2.3 Non-Electromagnetic Voltage Transformer
1.3 Potential Transformer by Application
1.3.1 Global Potential Transformer Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Power Plant
1.3.3 Substation
1.4 Global Potential Transformer Market Estimates and Forecasts (2020-2031)
1.4.1 Global Potential Transformer Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Potential Transformer Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Potential Transformer Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Potential Transformer Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Potential Transformer Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Potential Transformer Sales Market Share by Region (2020-2025)
2.2.2 Global Potential Transformer Revenue Market Share by Region (2020-2025)
2.3 Global Potential Transformer Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Potential Transformer Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Potential Transformer Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Potential Transformer Market Size and Prospective (2020-2031)
2.4.2 Europe Potential Transformer Market Size and Prospective (2020-2031)
2.4.3 China Potential Transformer Market Size and Prospective (2020-2031)
2.4.4 Japan Potential Transformer Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Potential Transformer Historic Market Review by Type (2020-2025)
3.1.1 Global Potential Transformer Sales by Type (2020-2025)
3.1.2 Global Potential Transformer Revenue by Type (2020-2025)
3.1.3 Global Potential Transformer Price by Type (2020-2025)
3.2 Global Potential Transformer Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Potential Transformer Sales Forecast by Type (2026-2031)
3.2.2 Global Potential Transformer Revenue Forecast by Type (2026-2031)
3.2.3 Global Potential Transformer Price Forecast by Type (2026-2031)
3.3 Different Types Potential Transformer Representative Players
4 Global Market Size by Application
4.1 Global Potential Transformer Historic Market Review by Application (2020-2025)
4.1.1 Global Potential Transformer Sales by Application (2020-2025)
4.1.2 Global Potential Transformer Revenue by Application (2020-2025)
4.1.3 Global Potential Transformer Price by Application (2020-2025)
4.2 Global Potential Transformer Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Potential Transformer Sales Forecast by Application (2026-2031)
4.2.2 Global Potential Transformer Revenue Forecast by Application (2026-2031)
4.2.3 Global Potential Transformer Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Potential Transformer Application
5 Competition Landscape by Players
5.1 Global Potential Transformer Sales by Players (2020-2025)
5.2 Global Top Potential Transformer Players by Revenue (2020-2025)
5.3 Global Potential Transformer Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Potential Transformer as of 2024)
5.4 Global Potential Transformer Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Potential Transformer, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Potential Transformer, Product Type & Application
5.7 Global Key Manufacturers of Potential Transformer, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Potential Transformer Sales by Company
6.1.1.1 North America Potential Transformer Sales by Company (2020-2025)
6.1.1.2 North America Potential Transformer Revenue by Company (2020-2025)
6.1.2 North America Potential Transformer Sales Breakdown by Type (2020-2025)
6.1.3 North America Potential Transformer Sales Breakdown by Application (2020-2025)
6.1.4 North America Potential Transformer Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Potential Transformer Sales by Company
6.2.1.1 Europe Potential Transformer Sales by Company (2020-2025)
6.2.1.2 Europe Potential Transformer Revenue by Company (2020-2025)
6.2.2 Europe Potential Transformer Sales Breakdown by Type (2020-2025)
6.2.3 Europe Potential Transformer Sales Breakdown by Application (2020-2025)
6.2.4 Europe Potential Transformer Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Potential Transformer Sales by Company
6.3.1.1 China Potential Transformer Sales by Company (2020-2025)
6.3.1.2 China Potential Transformer Revenue by Company (2020-2025)
6.3.2 China Potential Transformer Sales Breakdown by Type (2020-2025)
6.3.3 China Potential Transformer Sales Breakdown by Application (2020-2025)
6.3.4 China Potential Transformer Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Potential Transformer Sales by Company
6.4.1.1 Japan Potential Transformer Sales by Company (2020-2025)
6.4.1.2 Japan Potential Transformer Revenue by Company (2020-2025)
6.4.2 Japan Potential Transformer Sales Breakdown by Type (2020-2025)
6.4.3 Japan Potential Transformer Sales Breakdown by Application (2020-2025)
6.4.4 Japan Potential Transformer Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Hitachi Energy
7.1.1 Hitachi Energy Company Information
7.1.2 Hitachi Energy Business Overview
7.1.3 Hitachi Energy Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Hitachi Energy Potential Transformer Products Offered
7.1.5 Hitachi Energy Recent Development
7.2 Schneider Electric
7.2.1 Schneider Electric Company Information
7.2.2 Schneider Electric Business Overview
7.2.3 Schneider Electric Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Schneider Electric Potential Transformer Products Offered
7.2.5 Schneider Electric Recent Development
7.3 ABB
7.3.1 ABB Company Information
7.3.2 ABB Business Overview
7.3.3 ABB Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.3.4 ABB Potential Transformer Products Offered
7.3.5 ABB Recent Development
7.4 Siemens
7.4.1 Siemens Company Information
7.4.2 Siemens Business Overview
7.4.3 Siemens Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Siemens Potential Transformer Products Offered
7.4.5 Siemens Recent Development
7.5 GE
7.5.1 GE Company Information
7.5.2 GE Business Overview
7.5.3 GE Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.5.4 GE Potential Transformer Products Offered
7.5.5 GE Recent Development
7.6 Emek
7.6.1 Emek Company Information
7.6.2 Emek Business Overview
7.6.3 Emek Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Emek Potential Transformer Products Offered
7.6.5 Emek Recent Development
7.7 Indian Transformers
7.7.1 Indian Transformers Company Information
7.7.2 Indian Transformers Business Overview
7.7.3 Indian Transformers Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Indian Transformers Potential Transformer Products Offered
7.7.5 Indian Transformers Recent Development
7.8 Trench
7.8.1 Trench Company Information
7.8.2 Trench Business Overview
7.8.3 Trench Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Trench Potential Transformer Products Offered
7.8.5 Trench Recent Development
7.9 RITZ Instrument Transformers
7.9.1 RITZ Instrument Transformers Company Information
7.9.2 RITZ Instrument Transformers Business Overview
7.9.3 RITZ Instrument Transformers Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.9.4 RITZ Instrument Transformers Potential Transformer Products Offered
7.9.5 RITZ Instrument Transformers Recent Development
7.10 Amran Instrument Transformers
7.10.1 Amran Instrument Transformers Company Information
7.10.2 Amran Instrument Transformers Business Overview
7.10.3 Amran Instrument Transformers Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Amran Instrument Transformers Potential Transformer Products Offered
7.10.5 Amran Instrument Transformers Recent Development
7.11 Zhejiang Chint Electrics
7.11.1 Zhejiang Chint Electrics Company Information
7.11.2 Zhejiang Chint Electrics Business Overview
7.11.3 Zhejiang Chint Electrics Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Zhejiang Chint Electrics Potential Transformer Products Offered
7.11.5 Zhejiang Chint Electrics Recent Development
7.12 Sieyuan Electric
7.12.1 Sieyuan Electric Company Information
7.12.2 Sieyuan Electric Business Overview
7.12.3 Sieyuan Electric Potential Transformer Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Sieyuan Electric Potential Transformer Products Offered
7.12.5 Sieyuan Electric Recent Development
8 Potential Transformer Manufacturing Cost Analysis
8.1 Potential Transformer Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Potential Transformer
8.4 Potential Transformer Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Potential Transformer Distributors List
9.3 Potential Transformer Customers
10 Potential Transformer Market Dynamics
10.1 Potential Transformer Industry Trends
10.2 Potential Transformer Market Drivers
10.3 Potential Transformer Market Challenges
10.4 Potential Transformer Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
Hitachi Energy
Schneider Electric
ABB
Siemens
GE
Emek
Indian Transformers
Trench
RITZ Instrument Transformers
Amran Instrument Transformers
Zhejiang Chint Electrics
Sieyuan Electric
Ìý
Ìý
*If Applicable.