Iraq Transformer Market (2025-2031) | Outlook, Revenue, Value, Size, Trends, Growth, Industry, Analysis, Share, Companies & Forecast

Iraq Transformer Market Growth Rate

According to 6Wresearch internal database and industry insights, the Iraq Transformer Market is projected to grow at a compound annual growth rate (CAGR) of 8.10% during the forecast period (2025-2031).

Iraq Transformer Market Highlights

Topics Covered in the Iraq Transformer Market Report

The Iraq Transformer Market report thoroughly covers the market by core, product, winding, application, cooling, phase, rating, and regions. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

Iraq Transformer Market Synopsis

The Iraq Transformer Market growth is estimated to surge in the coming years due to various factors, including ongoing reconstruction activities across the country and grid modernization. With the growing urbanization, the electricity consumption is also increasing, leading to high adoption of transformers. The country is increasingly investing in rehabilitating its power sector after years of conflict and infrastructure damage. Electrification of rural areas and integration of solar power projects are some major growth drivers expected to surge the Iraq Transformer Market growth.

Evaluation of Growth Drivers in the Iraq Transformer Market

Below mentioned are some prominent drivers and their influence to the market dynamics:

Iraq Transformer Market is projected to grow steadily, recording a CAGR of 8.10% during the forecast period 2025-2031. The Iraq Transformer Market growth is driven by the country’s growing need to rebuild and expand its power infrastructure. Electricity consumption is increasing, driven by urbanization, and industrial restarting, and population growth, pushing the government and utilities to advancement transmission and distribution networks. There are other major factors contributing to the market growth include Large-scale rebuilding of cities and infrastructure projects. Furthermore, transformers demand is estimated to surge in the coming years, with the rising efforts to expand electrification into rural and remote areas. 

Evaluation of Restraints in the Iraq Transformer Market

Below mentioned are some major restraints and their influence to the market dynamics:

Iraq Transformer Market Challenges

Despite the market positive outlook, the market faces several challenges that need to be addressed. One of these is the instability affecting investor confidence. High dependency on imported equipment is another major challenge that can restrict the adoption of advanced transformers. Furthermore, frequent delays in reconstruction programs may hamper the adoption of transformers.

Iraq Transformer Market Trends

Several prominent trends reshaping the Iraq Transformer Market Growth include:

• Reconstruction and Infrastructure Development: Post-war rebuilding and government-led infrastructure development programs are significantly boosting the demand for transformers.
• Expansion of Oil & Gas Industry: Iraq’s heavy dependence on oil and gas is driving demand for high-capacity transformers in refineries and related industrial zones.
• Growing Focus on Grid Reliability: Frequent blackouts and an unstable power supply are leading to greater investments in modern transformers to enhance grid stability.

Investment Opportunities in the Iraq Transformer Industry

Some major investment opportunities in the market are:

• Grid Rehabilitation Projects: Large-scale government initiatives to repair and modernize the aging transmission and distribution network create steady demand for new transformers.
• Oil & Gas Expansion: The planned expansion of oil fields and downstream facilities provides investment opportunities in supplying power and distribution transformers for industrial operations.
• Renewable Energy Integration: With Iraq aiming to reduce dependence on fossil fuels, solar and wind power projects present significant opportunities for transformer deployment.

Top 5 Leading Players in the Iraq Transformer Market

Leading players contributing to Iraq Transformer Market Share are: –

1. ABB Ltd.

ABB supplies high-voltage and distribution transformers widely used in Iraq’s power transmission projects and industrial facilities.

2. Siemens Energy AG

Siemens delivers large-capacity transformers with renewable energy integration, playing a vital role in Iraq’s grid rehabilitation.

3. Hyundai Electric & Energy Systems

Hyundai provides robust power transformers for Iraq’s oil & gas sector and utility-scale projects, ensuring reliable performance in energy-intensive applications.

4. General Electric (GE) Grid Solutions

GE supports Iraq’s electricity sector with smart grid-ready transformers and advanced monitoring systems for large-scale power transmission networks.

5. Schneider Electric SE

Schneider provides energy-efficient distribution transformers integrated with automation features, serving Iraq’s residential, commercial, and industrial power needs.

Government Regulations Introduced in the Iraq Transformer Market

According to Iraqi government data, the market growth is reshaped with the introduction of several initiatives. These rules & regulations emphasize expanding electricity access and upgrading outdated infrastructure. There are numerous initiatives such as the national reconstruction program and renewable integration policies, taken by the government to promote the adoption of energy-efficient transformers. Technical guidelines and safety requirements are being aligned with international benchmarks to improve reliability.

Future Insights of the Iraq Transformer Market

The Iraq Transformer Market future seems positive underpinned by several factors, such as grid rehabilitation and increasing renewable energy projects. Also, the expanding oil and gas industries will create an opportunity to increase the market revenue. Additionally, country is seeking to modernize its grid infrastructure, where smart and monitoring-enabled transformers gain traction. Long-term opportunities exist in local manufacturing and cross-border electricity trade with neighbouring countries, this will leave a positive impact on the market growth.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories.

Closed Core to Dominate the Market - By Core

According to Mansi Ahuja, Senior Research Analyst, 6Wresearch, Closed core transformers dominate Iraq’s transformer market, as they are widely used across industrial and utility applications due to their reliability and efficiency. With the expansion of transmission lines and grid rehabilitation projects, closed core designs remain the most adopted category.

Power Transformers to Dominate the Market - By Product

Power transformers dominate due to rising electricity demand from industrial and utility-scale projects. Large-scale oil and gas installations and expansion of transmission lines require high-capacity power transformers, making this the leading category.

Two-Winding Transformers to Dominate the Market - By Winding

Two-winding transformers are the leading category as they are widely applicable across industrial, utility, and residential projects. Their cost-effectiveness and stable performance ensure strong market share.

Utility Sector to Dominate the Market - By Application

The utility sector dominates Iraq’s transformer market, with government-led reconstruction programs and transmission expansion driving installations. Growing electricity demand from urban centers and rural areas further strengthens the utility segment’s lead.

Oil Immersed Transformers to Dominate the Market - By Cooling

Oil-immersed transformers dominate due to their durability and suitability for large-scale projects in Iraq. Their ability to handle heavy loads in utility and industrial sectors makes them the preferred option.

3-Phase Transformers to Dominate the Market - By Phase

Three-phase transformers dominate as they are essential for heavy-duty applications across Iraq’s industrial and utility projects. Their efficiency and reliability make them indispensable in high-load scenarios.

61 MVA to 600 MVA to Dominate the Market - By Rating

Transformers rated between 61 MVA and 600 MVA dominate Iraq’s transformer market, as these units are critical for utility-scale electricity transmission and industrial projects. This segment leads due to the scale of ongoing grid modernization and reconstruction programs.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Iraq Transformer Market Outlook
• Market Size of Iraq Transformer Market
• Forecast of Iraq Transformer Market, 2031
• Historical Data and Forecast of Iraq Transformer Revenues & Volume for the Period 2021 - 2031F
• Iraq Transformer Market Trend Evolution
• Iraq Transformer Market Drivers and Challenges
• Iraq Transformer Price Trends
• Iraq Transformer Porter's Five Forces
• Iraq Transformer Industry Life Cycle
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Core for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Closed for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Shell for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Berry for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Product for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Power transformer for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Distribution transformer for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Instrument transformer for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Others for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Winding for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Two-winding for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Auto-transformer for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Application for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Residential & Commercial for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Utility for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Industrial for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Cooling for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Dry type for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Oil Immersed for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Insulation for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Gas for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Oil for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Solid for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Air for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Others for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Phase for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Single phase for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By 3 - phase for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By Rating for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By ? 10 MVA for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By 11 MVA to 60 MVA for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By 61 MVA to 600 MVA for the Period 2021 - 2031F
• Historical Data and Forecast of Iraq Transformer Market Revenues & Volume By > 600 MVA for the Period 2021 - 2031F
• Iraq Transformer Import Export Trade Statistics
• Market Opportunity Assessment By Core
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Winding
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Cooling
• Market Opportunity Assessment By Insulation
• Market Opportunity Assessment By Phase
• Market Opportunity Assessment By Rating
• Iraq Transformer Top Companies Market Share
• Iraq Transformer Competitive Benchmarking By Technical and Operational Parameters
• Iraq Transformer Company Profiles
• Iraq Transformer Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Core

• Closed
• Shell
• Berry

By Product

• Power Transformer
• Distribution Transformer
• Instrument Transformer
• Others

By Winding

• Two-Winding
• Auto-Transformer

By Application

• Residential & Commercial
• Utility
• Industrial

By Cooling

• Dry-Type
• Oil Immersed

By Phase

• Single Phase
• 3 – Phase

By Rating

• 10 MVA
• 11 MVA To 60 MVA
• 61 MVA To 600 MVA
• > 600 MVA