Australia Power Transformer Market

Australia Power Transformer Market Overview:

The Australia power transformer market size reached USD 736.40 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,435.13 Million by ​2033​, exhibiting a growth rate (CAGR) of 6.90% during ​2025-2033​. The market is prompted by drivers like growing demand for electricity, upgrade of infrastructure, renewable integration, and technology. Government policies and measures favoring energy efficiency and grid stability also drive the Australia power transformer market share, increasing investment in industrial and commercial sectors.

Australia Power Transformer Market Trends:

Integration of Renewable Energy

The transition towards renewable energy sources in Australia is changing the power transformer market. Governments' carbon-emission-reducing targets are pushing Australia towards solar, wind, and battery storage technologies. These renewable energy sources necessitate an enhanced grid system to distribute and transmit electricity efficiently, which boosts the demand for advanced power transformers. Solar farms, wind power plants, and battery storage facilities are spread all over Australia, particularly in rural regions, which require high-voltage as well as variable load transformers. This is expected to pick up speed as renewable energy capacity continues to grow, requiring more efficient power transformers to enable smooth energy transmission and grid integration. For instance, in May 2024, Hitachi Energy and AusNet collaborated on the Golden Plains Wind Farm project in Victoria, Australia, to support the country’s transition to renewable energy. Hitachi Energy is supplying two 850 MVA 500kV power transformers to connect the wind farm to the grid. This project, with a total capacity of 1,330 MW, will provide 4,000 GWh of green energy annually, powering over 765,000 homes. It also aims to prevent 4.5 million tons of CO2 emissions annually, supporting Australia’s net-zero goals. The project creates significant local employment opportunities and contributes to sustainable energy infrastructure.

Smart Grid and Technological Advancements

The use of smart grid technologies is propelling the demand for higher power transformers. This is one of the major drivers for the Australia power transformer market growth. Smart grids enable real-time monitoring, fault detection, and automated control, enhancing the efficiency of the transmission and distribution networks. Power transformers with sensors and IoT devices offer valuable information to grid operators that can help them optimize the performance of the transformer, improve predictive maintenance, and prolong equipment life. This trend is especially significant as Australia aims to increase the capacity of its power grid, minimize losses, and incorporate decentralized renewable sources of energy. With continuing technological innovation in smart grid infrastructure, the demand for advanced, digital-ready transformers will increase to provide better grid management and efficiency. For instance, in May 2024, Wilson Transformer Company completed the transportation of the final 350MVA 330/33/33kV power transformer to the Waratah Super Battery Project in New South Wales. The transformer, part of a larger shipment of equipment, is essential for managing voltage levels in the system. The project, developed by Akaysha Energy, will house the world’s largest battery, with a capacity of 850 MW / 1680 MWh. The transformers will play a critical role in the grid's energy storage and distribution.

Australia Power Transformer Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for ​2025-2033​. Our report has categorized the market based on core, insulation, phase, rating, and application.

Core Insights:

• Closed
• Shell
• Berry

The report has provided a detailed breakup and analysis of the market based on the core. This includes closed, shell, and berry.

Insulation Insights:

• Gas 
• Oil 
• Solid 
• Air 
• Others 

The report has provided a detailed breakup and analysis of the market based on the insulation. This includes gas, oil, solid, air, and others.

Phase Insights:

• Single
• Three

The report has provided a detailed breakup and analysis of the market based on the phase. This includes single and three.

Rating Insights:

• 100 MVA to 500 MVA 
• 501 MVA to 800 MVA 
• 801 MVA to 1200 MVA 

The report has provided a detailed breakup and analysis of the market based on the rating. This includes 100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA.

Application Insights:

• Residential and Commercial
• Utilities
• Industrial

The report has provided a detailed breakup and analysis of the market based on the application. This includes residential and commercial, utilities, and industrial.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Power Transformer Market News:

• In April 2025, Ingeteam secured contracts from European Energy to supply technology for two new solar plants in Australia: the Lancaster plant in Victoria (106 MW) and the Mulwala plant in New South Wales (31 MW). These projects, expected to generate 255 GWh annually, will power around 54,000 homes. Ingeteam will provide 77 INGECON SUN inverters and 22 transformer stations, further advancing Australia's renewable energy transition. This marks Ingeteam’s first project with European Energy, building on its 4 GW supply track record in Australia.
• In April 2025, Australia’s EnergyConnect project reached a significant milestone with the first power transmission through its western section, marking a key development in the country’s energy transformation. Spanning 900 km, the project links grids in New South Wales, South Australia, and Victoria, enhancing grid stability and enabling renewable energy transfers. Once completed, it will allow the transfer of up to 800 MW, reducing reliance on fossil fuels.

Australia Power Transformer Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia power transformer market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia power transformer market on the basis of core?
• What is the breakup of the Australia power transformer market on the basis of insulation?
• What is the breakup of the Australia power transformer market on the basis of phase?
• What is the breakup of the Australia power transformer market on the basis of rating?
• What is the breakup of the Australia power transformer market on the basis of application?
• What is the breakup of the Australia power transformer market on the basis of region?
• What are the various stages in the value chain of the Australia power transformer market? 
• What are the key driving factors and challenges in the Australia power transformer market?
• What is the structure of the Australia power transformer market and who are the key players?
• What is the degree of competition in the Australia power transformer market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia power transformer market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia power transformer market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia power transformer industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.