Chile Transformer Market is expected to expand at a CAGR of 6.9% in revenue and 6.7% in volume from 2025 to 2031

Three-phase transformers by Phase captured the majority revenue share in the Chile Transformer Market -6Wresearch

Three-phase transformers captured the majority revenue share in 2024 as they are the preferred choice for industrial, commercial, and utility applications due to their higher efficiency, load-handling capacity, and suitability for grid modernization. In contrast, single-phase units remain limited to residential and rural distribution, contributing less to overall market value.

According to 6Wresearch, the Chile Transformer Market is expected to expand at a CAGR of 6.9% in revenue and 6.7% in volume from 2025 to 2031. Between 2021 and 2024, the Chile Transformer Market recorded steady growth, supported by rising electricity demand from urbanization, industrialization, and the rapid expansion of renewables. By 2023, Green Hydrogen projects were underway, driving new grid connection and voltage regulation needs. Annual additions in renewable capacity between 2022 and 2025, backed in transmission upgrades and coal plant retirements, further reinforced demand for advanced transformers capable of supporting a modern, flexible, and low-carbon grid.

Looking ahead, market growth will be fueled by large-scale infrastructure projects, renewable integration, and energy transition initiatives. Between 2024 and 2028, the Ministry of Public Works is expected to tender some projects including, spanning roads, railways, airports, dams, and hospitals—each requiring reliable electricity distribution and additional transformers. The Green Hydrogen Strategy and the national target of renewable electricity by 2030 will further accelerate demand for smart, high-efficiency transformers.

According to Suryakant, Senior Research Analyst, 6Wresearch, oil-cooled transformers captured the highest revenue share in Chile Transformer Market, driven by their superior load capacity, durability, and cost-effectiveness over dry-type models. They dominate large-scale installations and remain the preferred choice in grid modernization and renewable integration projects, consistently accounting for the majority of market revenue.

The Chile Transformer Market (2025-2031) report provides an in-depth analysis with 28 figures and 12 tables, covered in 87 pages. The report thoroughly covers the market by type, rating, cooling system, phase, and application. The Chile Transformer Market outlook report provides an unbiased and detailed analysis of the ongoing Chile Transformer Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.