220kV Oil Immersed Power Transformer Market, Global Outlook and Forecast 2025-2031

The global 220kV Oil Immersed Power Transformer market was valued at 130 million in 2024 and is projected to reach US$ 208 million by 2031, at a CAGR of 5.5% during the forecast period.

220kV Oil Immersed Power Transformer is an ultra-high voltage power equipment, designed for power transmission of 220kV voltage level in power transmission and distribution system, including iron core, winding, oil tank, radiator, insulating sleeve and other components, using mineral oil or synthetic oil as insulation and cooling medium, converting high voltage power of power plant or substation into medium voltage power (such as 110kV, 35kV) suitable for regional power grid or industrial users, realizing long-distance and efficient transmission and distribution of power, and is a key node equipment in power network.

The U.S. market size is estimated at $ million in 2024, while China is to reach $ million.

Double Winding segment will reach $ million by 2031, with a % CAGR in next six years.

The global key manufacturers of 220kV Oil Immersed Power Transformer include Siemens, WEG, Schneider Electric, DAELIM Transformer, HD HYUNDAI ELECTRIC, CEEG Transformer, Beijing SOJO Electric, Kerun Intelligent, Zhejiang Jiangshan Transformer, Zhejiang Jiangshan Yuan Guang Electric, etc. In 2024, the global top five players had a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the 220kV Oil Immersed Power Transformer companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks
This report aims to provide a comprehensive presentation of the global market for 220kV Oil Immersed Power Transformer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 220kV Oil Immersed Power Transformer. 
This analysis will analyze the current U.S. tariff policies along with the diverse international responses, assessing their effects on competitive market structures, regional economic performance, and the overall resilience of supply chains.

This report contains market size and forecasts of 220kV Oil Immersed Power Transformer in global, including the following market information:
Global 220kV Oil Immersed Power Transformer market revenue, 2020-2025, 2026-2031, ($ millions)
Global top five 220kV Oil Immersed Power Transformer companies in 2024 (%)
Total Market by Segment:
Global 220kV Oil Immersed Power Transformer market, by Type, 2020-2025, 2026-2031 ($ millions)
Global 220kV Oil Immersed Power Transformer market segment percentages, by Type, 2024 (%)
    Double Winding
    Triple Winding

Global 220kV Oil Immersed Power Transformer market, by Application, 2020-2025, 2026-2031 ($ millions)
Global 220kV Oil Immersed Power Transformer market segment percentages, by Application, 2024 (%)
    Substation
    Power Plant
    Others

Global 220kV Oil Immersed Power Transformer market, by region and country, 2020-2025, 2026-2031 ($ millions)
Global 220kV Oil Immersed Power Transformer market segment percentages, by region and country, 2024 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies 220kV Oil Immersed Power Transformer revenues in global market, 2020-2025 (estimated), ($ millions)
Key companies 220kV Oil Immersed Power Transformer revenues share in global market, 2024 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Siemens
    WEG
    Schneider Electric
    DAELIM Transformer
    HD HYUNDAI ELECTRIC
    CEEG Transformer
    Beijing SOJO Electric
    Kerun Intelligent
    Zhejiang Jiangshan Transformer
    Zhejiang Jiangshan Yuan Guang Electric
    Shanghai Electric
    Wujiang Transformer
    Hunan Hongye Transformer
    Chongqing Wangbian Electric (Group)
    Haihong Electric
    Qingdao Qingdian Electric
    Shenyang Guangchangyun Electric Power Equipment
    Shaanxi Hanzhong Transformer

Outline of Major Chapters:
Chapter 1: Introduces the definition of 220kV Oil Immersed Power Transformer, market overview.
Chapter 2: Global 220kV Oil Immersed Power Transformer market size in revenue.
Chapter 3: Detailed analysis of 220kV Oil Immersed Power Transformer company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of 220kV Oil Immersed Power Transformer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.