Top 10 Transformer Manufacturers

Transformer manufacturers support electricity distribution by creating devices that modify voltage levels from one circuit to the other through electromagnetic induction.

Known as power transformers, the devices enable power generators to distribute power efficiently from power stations to cities and industries.

Here are the top 10 transformer manufacturers in the world.

Top 10 transformer manufacturers

1. General Electric

General Electric (GE), an American multinational with annual revenues of about $100 billion, is one of the well-known power transformer manufacturers in the USA and the world.

The company is a leading producer of high voltage, network, distribution, auxiliary, substation, industrial, and instrument as well as current and capacitive transformers.

GE devices are classified as dry-type encapsulated and enclosed, dry-type vented, dry-type non-ventilated, control power core and coil, power, secondary substation, and distribution.

In 2020, the company’s total revenue dropped to $79.6 billion from $95.2 in 2019.

2. Siemens

Siemens, a German multinational with annual revenues of more than $90 billion, is the leading transformer manufacturer in Europe.

The company offers a range of transformers including HVDC transformers, phase-shifting transformers, power transformers, and industrial transformers among others.

Some of the industries served by Siemens include oil & gas, mining, cement, automotive, aerospace, chemical, pharmaceutical, cranes, as well as food and beverage.

In 2020, Siemens’ revenue dropped to $64 billion from $98 billion in 2019.

3. Mitsubishi Electric

Mitsubishi Electric, a Japanese multinational headquartered in Chiyoda City in Tokyo, Japan, is naturally one of the leading electrical transformer manufacturers in the world.

The company which makes over $40 billion annually produces various types of transformers including gas-insulated, recti-formers, substation, auto, traction, and step-up transformers.

Mitsubishi Electric’s 2020 revenues dropped to $42.4 billion from $42.9 billion in 2019.

4. Toshiba

With annual revenues of more than $30 billion, Toshiba – also a Japanese conglomerate that is based in Minato, Tokyo, is without a doubt a leading manufacturer of transformers.

Since 1894 when Toshiba manufactured its first power transformer, the company has grown into a global market leader with an installed base that covers 35 countries.

Toshiba offers transformers with power ratings of between 69 kV and 765 kV and from 100 MVA to 800 MVA as well as 1,100+ MVA for custom orders.

In 2020, Toshiba’s revenues dropped to $31.4 billion from $33.9 billion in 2019.

5. Schneider Electric

Schneider Electric, which is based in France, is one of the major transformer makers in Europe with annual revenues of more than $25 billion.

Schneider Electric produces general-purpose, industrial control, dry type, liquid, low voltage, and instrument as well as three- and single-phase transformers.

The US is the biggest market for Schneider Electric, accounting for 40% of its customers. This is followed by India and France at 8% each, with the UK accounting for 5%.

In 2020, the company reported $28.7 billion in revenues down from $30.4 billion in 2019.

6. ABB Ltd

ABB (formerly ASEA Brown Boveri) is one of the top transformer manufacturers providing liquid-filled and dry-type transformers as well as full life-cycle support that includes replacement parts and components.

RELATED: World’s Top 10 Construction Equipment Manufacturers

The Swedish–Swiss multinational also manufactures distribution, power, and special application transformers for a diverse range of clients across various industries.

The company made $28 billion in revenues in 2020.

7. Hyundai Heavy Industries

Considered one of the principal heavy industries in the world, South Korean Hyundai Heavy Industries is well-diversified in the production of power transformers.

Indeed, Hyundai Heavy Industries is Asia’s leading transformer manufacturer.

The company uses advanced technology to create various types of transformers including dry-type, cast resin, oil-immersed, and specialised transformers that are designed to meet the needs of its clientele.

Hyundai made $13.1 billion in revenues in 2020.

8. TBEA

Headquartered in Changji, China, TBEA is one of the oldest transformer manufacturers in China. It produces a wide range of apparatuses like transformers, cables, wires, and HV switches.

TBEA also provides inverter and energy solutions for designing, constructing, repairing, operating, and maintaining photovoltaic electric and wind power plants.

9. China XD Electric Co Ltd

Established in 2008, China XD Electric Co Ltd., which is based in Xi’an, China, manufactures and distributes high-quality power transmission, distribution, and control apparatus. 

These apparatuses include instrument transformers, HV switchgear substations, insulators, capacitors, lightning conductors, and electric reactors.

China XD Electric Co. is also involved in related engineering, trading, research, development, and testing businesses. The company trades in both domestic and foreign markets.

10. Jiangsu Huapeng

Jiangsu Huapeng, a family-owned transformer manufacturer, is China’s top manufacturer of transformers according to a study by the China Transformer Manufacturers Association.

Located in Liyang City, Jiangsu province Jiangsu Huapeng manufactures three-phase, pole-top, oil-immersed, and dry-type transformers.

The company focuses on the production of transformers with power ratings of up to 750kV, and 1000MVA. It generates annual revenues of about $800 million.

Join 15,000+ pros getting our weekly digest of news and insights.