GCC (UAE · Saudi · Qatar · Oman · Kuwait · Bahrain)
Saudi awards surged 53.6% y/y to $30bn (only GCC market to grow q/q), Oman +341.7% to $5.9bn, Kuwait +49.1% to $2bn; UAE eased 5.4% to $20.5bn and Qatar fell to $931m. Oil & gas was the only sector up q/q (+269% to $13.7bn) — the KSA/Oman award wave is where near-term substation and transformer packages will land.
A UAE contractor has won a 500 kV transmission contract on Egypt's grid (MEED, details paywalled) — a GCC-supplier export win into Egypt's EETC build-out and a signal of UAE EPC reach beyond the Gulf.
Contract signed 13 Jul: production buildings, offices, warehouses and MEP for an HVDC valve plant — Hitachi Energy deepens KSA manufacturing localization; a new HV equipment cluster rising in Dammam.
Single station of 1,644 MW / 11,275 MWh inside the 5.2 GW solar + 19 GWh RTC project — major downstream demand for MV pad-mount / inverter-duty transformers and switchgear across the storage blocks.
Reported grant of exclusive rights to ACWA Power for exporting green hydrogen, ammonia, methanol and methane plus renewable-power export projects — a structural move for KSA hydrogen-export economics and the electrolyser / rectifier-transformer chain behind it.
World-first gigascale round-the-clock renewables plant: $5.1bn debt from 13 banks plus ~$1bn Masdar equity; construction started Oct 2025, COD 2027. Major forthcoming inverter-duty / step-up transformer and grid-connection substation demand in Abu Dhabi.
صفقة لتحويل محطتي كهرباء جنوب جدة والشقيق إلى الغاز — Mitsubishi Power (via Mitsubishi Corporation Machinery, with Dar Al Bilad Contracting) converts two 2.9 GW HFO plants on the west coast to gas/HFO dual-fuel for SEC — west-coast generation fleet upgrades keep GSU / auxiliary-transformer and BOP electrical scope moving.
Saudi Power Procurement Co launched qualification for the third round of BOO combined-cycle IPPs with carbon-capture readiness, following Rounds 1–2 (eight 1,800 MW plants incl. Taiba, Qassim, Rumah, Nairyah). Upstream signal for the next tranche of GSU transformer and 380 kV grid-connection substation awards.
Qatar's Kahramaa signed EPC contracts worth over QR 2.2bn with Voltage Engineering, Best & Betas Consortium, L&T and LS Cable covering a new 400 kV substation, new/upgraded substations, underground cables and OHLs to tie the Dukhan solar plant into the national grid — fresh Qatar EHV transformer, GIS and accessory scope now in execution.
أكبر صفقات الكهرباء في دول الخليج خلال النصف الأول من 2026 — Attaqa's roundup of the region's largest H1 power deals, headlined by Siemens Energy's Taweelah C equipment win (2.6 GW) and Saudi substation/EPC packages — a useful digest of Jan–Jun 2026 awards.
الكهرباء الكويتية تقترب من توقيع عقد بنحو 274 مليون دولار لربط محطة تحويل مجمع الشقايا للطاقة المتجددة بعقدة الشويخ — moving Shagaya renewable output onto the national grid; fresh Kuwait HV transformer-station and cable scope.
EWEC awarded the 2.6 GW Taweelah C gas-fired IPP to TAQA, Aljomaih Energy & Water and Sembcorp; Siemens Energy supplies turbines and main electrical equipment — a major upstream driver of UAE GSU/primary-transformer and substation demand.
MEED Projects: GCC awards fell from 84 (Jan) and 80 (Feb) to just 25 in March 2026; Saudi Q1 awards down 51% y/y to $11bn. Near-term EPC slowdown, but grid/energy-security spend is being protected — expect substation packages to keep moving.
Additional financing agreement signed Jan 2026 to reinforce the GCC interconnection backbone — supports the Iraq link and UAE/Oman expansion works (new 400 kV lines and substation expansions at Ghunan, Al Sila, Salwa).
Abu Dhabi's TAQA with EWEC closed AED 3.6bn financing for the 1 GW Al Dhafra gas plant feeding UAE data centres under the National AI Strategy 2031 — fresh primary-transformer, GIS and accessory demand in Abu Dhabi.
Bahrain's Electricity & Water Authority received cable-works bids (Apr 2026) for the new Sitra Industrial Area 400 kV grid substation — the transmission link for the planned 1.2 GW Sitra IWPP. Siemens Energy holds the BD48.1m ($127m) substation EPC (400 kV + 220 kV GIS, 21 kV switchgear). Fresh Bahrain EHV transformer, GIS and accessory scope now moving.
الشركة السعودية للطاقة (SPPC) وقّعت اتفاقية شراء طاقة بقيمة 11.5 مليار ريال لتوسعة محطة رابغ 2 المستقلة، بإضافة قدرة إنتاجية تبلغ 2,313.5 ميجاواط بتقنية الدورة المركبة مع جاهزية لالتقاط الكربون. The project explicitly includes building a new 380 kV substation (ownership later transferred) — large fresh GSU, primary-transformer, 380 kV substation and accessory scope in KSA's Western region.
شركة الكهرباء السعودية وقّعت اتفاقية تحويل طاقة بقيمة 5.33 مليار ريال لتوسعة محطة رابغ 1 بنظام الدورة المركبة في المنطقة الغربية، بقدرة إنتاجية تصل إلى نحو 1,179 ميجاواط. New ~1,179 MW combined-cycle generation in KSA's Western region — fresh primary-transformer, GSU and substation/accessory scope into the pipeline.
Kuwait's Ministry of Electricity, Water & Renewable Energy signed a contract to supply and install 400 kV overhead transmission lines valued at KWD 84.667m (~$275m) — fresh Kuwait EHV line/substation pull, with associated transformer and accessory scope.
عُمان تطرح مناقصة دولية لإنشاء محطة كهرباء بالهيدروجين الأخضر باستطاعة 800–1000 ميجاواط، مع موعد نهائي لتقديم المقترحات الاستشارية 21 يونيو 2026 — مشروع توليد جديد يجلب طلباً على المحولات الرئيسية والمحطات الفرعية. New Omani generation tender that brings primary-transformer and substation scope into the pipeline.
هيئة الربط الكهربائي الخليجي وقّعت اتفاقات بنحو 800 مليون دولار لتوسعة الشبكة مع الإمارات والربط مع عُمان — رفع قدرة الربط مع الإمارات وإضافة محطات ومعوّضات (STATCOM) تدخل الخدمة بحلول نهاية 2027. New 400 kV substation, transformer and reactive-compensation scope across the backbone.
Two bulk-supply-point substations (Afif 1 to Al Gihaz ~$256m, Afif 2 to Al Babtain ~$320m) plus three OHTL packages — integrates NREP renewables into the Saudi grid.
Energy & Infrastructure Co (EICO) signed with TBEA for the full EPC of SEC's Namria 380 kV substation — a $192m localisation-flavoured award (China-tech + Saudi contractor) adding 380 kV transformer, GIS and accessory scope in KSA.
$1.1bn allocated to substations and control centres; ~$14.3bn of power projects out to tender incl. $1.2bn transmission — EWEC/TAQA expanding 400 kV & 132 kV networks.
530 km 400 kV double-circuit line linking Al-Sila (Abu Dhabi) to new Ibri substation, with two new 400 kV substations at Ibri and Al-Baynounah.
Includes a new ~400 kV transformer substation at Wafra, Kuwait, as part of the GCC–Iraq interconnection (≈600 MW to southern Iraq, commissioning Q1 2026).
Dubai Electricity & Water Authority brought 10 new substations online and is rolling out AED 8.5 billion of grid projects — sustained transformer & accessory demand.
Ali & Sons / EAG awarded the TRANSCO Al Bahia substation EPC — 2-year build, marking EAG's entry into UAE power infrastructure.
Saudi Power Transformers to deliver transformers to Aramco within 20 months.
PT&D division: UAE — one 220 kV + three 132 kV substations (incl. Abu Dhabi 220/33 kV grid station); KSA — 380 kV GIS with reactors and 380 kV OHLs. Order band ₹250–500bn ($299m–$598m).
Qatar's 2026 procurement programme spans 198 tenders (~$5.9bn); electricity transmission accounts for QR8.9bn ($2.4bn) incl. new 400/132 kV substations at Al-Wukair and Al-Mashaf plus 400 kV expansion at Ras Laffan, alongside the EPC tender for new 400/132/11, 132/11 and 66/11 kV substations + 400 kV EHV cables (bids closed 14 May). Awards expected through H2 2026 — large Qatar transformer & accessory pull.
84-month EHV/HV supply agreement with Saudi Power Transformers Co; SEC may uplift value 40% to ~$452m — major localisation win for KSA manufacturing.
Al-Ahleia won a $110m contract (Apr 2026) for a 400/132/11 kV substation supporting affordable-housing power infrastructure — fresh Kuwait HV transformer and accessory demand now in execution.
MEW preparing to award a new transformer-substations package — fresh Kuwait HV/MV substation and transformer demand to track into H2.
DEWA moving its ~$150m 13× 132/11 kV substation EPC toward a Q3 award after bid review — primary-transformer and accessory pull into Dubai's grid build.
Re-tendered Dec 2025, bids closed 28 Jan 2026; contract award expected around May–Jun 2026 with completion Q2 2027 — near-term distribution-transformer and accessory demand at Lesaily, Dubai.
India (PGCIL · State Utilities)
Q1 (Apr–Jun 2026) consolidated revenue Rs 466.33 cr (+48% y/y), PAT Rs 46.84 cr, Q1 inflows Rs 972.42 cr; during the quarter Atlanta secured a Rs 291.68 cr order from Rajasthan's RRVPNL for power transformers — the Tier-2 Indian OEM tier keeps compounding alongside TARIL.
Dharashiv Power Transmission Ltd incorporated 21 Jul 2026 as the TBCB/BOOT SPV for a new 400 kV gas-insulated switching station in Dharashiv district; primary elements targeted for COD within 24 months — another 400 kV GIS scheme entering India's bid pipeline.
Q1 (Apr–Jun 2026) inflows +218% y/y powered by the Rs 1,000 cr+ PGCIL mega-order; unexecuted order book hit a record Rs 6,630 cr (+26% y/y). Changodar expansion completes Aug 2026; Rs 900–1,000 cr backward integration and three Chiyada greenfield plants on track — India's transformer capacity build-out is running at full tilt.
LoI for 2× synchronous condensers plus 765/400/220 kV bays at the Fatehgarh-II pooling station — PGCIL's third ISTS-TBCB win of July. FY27 TBCB scoreboard: 6 SPVs transferred, 3 LoIs pending, Adani & Apraava L1 on two more.
AESL is lowest bidder for a green-hydrogen-linked interstate transmission scheme in AP (bid via RECPDCL); LoI pending — new 765/400 kV substation and transformer scope to follow SPV transfer.
LoI received 9 Jul 2026: BOOT project heavily transformer-loaded — five 500 MVA 400/220 kV ICTs at Bhadla-III, two 1,500 MVA 765/400 kV + two 500 MVA ICTs at Ramgarh, one 1,500 MVA 765/400 kV ICT at Kanpur; evacuates ~20 GW of Rajasthan REZ renewables, COD by Jan 2029. PGCIL beat Adani Energy and three others — big fresh EHV transformer and accessory pull.
LoI 10 Jul 2026: BOOT scheme includes two new 765/400 kV substations in Andhra Pradesh plus 765/400 kV lines across AP, Telangana and Karnataka — another large 765 kV-class transformer and reactor demand block entering India's pipeline.
DOCO 13 Jul 2026: one new 1,500 MVA 765/400 kV ICT energised at Padghe GIS (Maharashtra) with 765/400 kV bays and ~1 km of GIS duct — part of the 7 GW Khavda RE evacuation scheme; UHV-class commissioning tempo stays high.
Under IS 17115:2026 (Part 2), measured no-load/load losses must appear on labels and match the BIS platform or customs clearance can be denied; only three test labs are open and booked through September — a direct compliance gate for transformer exporters to India and a scheduling risk for importers.
KEC's T&D haul (15 Jul 2026) includes its first transmission line built to evacuate power for a private data-centre developer in Western India, plus Middle East / Americas tower supply and 200+ MW solar EPC; YTD intake tops Rs 5,200 cr — the AI/data-centre demand lane has now formally reached Indian T&D EPC.
India's Department of Expenditure granted a two-year exemption from Public Procurement Order restrictions to four Indian subsidiaries of Chinese electrical-equipment makers — TBEA Energy India, Nanjing Electric India, New Northeast Electric India and Taikai Electric India — letting them bid on Central-government power tenders without PPO registration (effective 24 Jun 2026). The concrete follow-through on the 3 Jul market selloff — a real competitive shift for domestic transformer OEMs and their accessory supply chain.
PM Modi inaugurated the Rajasthan Renewable Energy Zone Phase-III transmission project (606.6 ckm of lines) and laid the foundation stone for Phase-IV (527 ckm of lines + 5,500 MVA of substation capacity to evacuate 5.5 GW of renewables); the two together are valued at over Rs 4,645 cr — fresh EHV transformer, reactor and substation-accessory pull into India's grid build.
Statcon Energiaa will supply indigenous 4 MW IGBT-chopper rectifier blocks (AEG Power Solutions technology) powering L&T Electrolysers' high-pressure alkaline stacks at IOCL's Panipat Refinery green-H₂ project — commissioning Dec 2027, the first concrete step in IOCL's 350 kTPA-by-2030 plan. Fresh rectifier-transformer and power-quality scope, fully Made-in-India.
Transformers & Rectifiers (India) disclosed on 30 Jun 2026 an order exceeding ₹1,000 cr from Power Grid Corp for manufacture and supply of transformers of various ratings plus associated works, executable over 30 months — one of TARIL's largest wins to date; shares jumped 5–6%.
On 3 Jul 2026 listed transformer/heavy-electrical OEMs sold off after reports the government will allow Chinese power-equipment makers with factories in India to bid on government tenders for critical power projects — a significant competitive shift for the Indian transformer market and its supplier chain.
TARIL won an export order worth $16,258,352 from PDC AK LPIV, LLC for manufacture and supply of five transformers, delivery by mid-2027 — Indian OEMs increasingly feeding the supply-constrained US market.
Hitachi Energy India awarded Mehru Electrical & Mechanical Engineers multiple orders for 400 kV instrument transformers totalling ~₹15.70 cr (ex-tax), execution over ~12 months — EHV component supply chains staying busy.
Power Grid Corp emerged successful bidder for the inter-state TBCB scheme building a new 765 kV air-insulated substation at Prayagraj (Uttar Pradesh), linked to the Vindhyachal Pooling Station (Madhya Pradesh) via a 220 km 765 kV double-circuit line; 24-month completion. PGCIL's fourth ISTS-TBCB win in FY26 — fresh 765 kV EHV transformer, reactor and accessory pull into India's order pipeline.
RK Infra Electricals secured a ₹164.74 cr order to build a 220/66/11 kV substation at Sirivara (Kodimuddanahalli), Karnataka, including two 150 MVA and two 20 MVA power transformers — fresh EHV/HV transformer, bushing, OLTC and insulation scope into India's state-grid pipeline.
Power Grid Corp emerged successful bidder for the inter-state transmission system serving proposed green-hydrogen / green-ammonia projects at Kakinada, Andhra Pradesh — scope includes a new 765/400 kV gas-insulated substation, STATCOM and associated 765 kV lines (LoI received 12 Jun 2026). Fresh 765 kV EHV transformer, reactor, GIS and accessory pull into India's order pipeline.
Indo-Tech Transformers (Prolec-GE group) won a ₹91.26 cr order for NTPC projects — adds power-transformer and accessory scope, reinforcing the OEM's growing thermal/renewable-evacuation order book.
CG Power & Industrial Solutions is the lowest bidder (L1) for the power-transformer package on NTPC's 3×800 MW Telangana Super Thermal Power Project Stage-II — a large GSU / power-transformer scope advancing toward award. Adds to CG Power's already full EHV order book.
POWERGRID received the Letter of Intent (16 Jun 2026) for the WR-ER Inter-Regional Network Expansion Scheme Part-A under tariff-based competitive bidding — a new inter-regional corridor that pulls fresh EHV transformer, reactor and substation demand into India's order pipeline.
TRIL secured a ₹228.26 cr Gujarat Energy Transmission Corp (GETCO) order — six power transformers + two reactors, phased execution to Aug 2028 — supporting Gujarat's renewable-integration transmission upgrades. Adds to TRIL's long-term order book.
765 kV & 400 kV class transformers and reactors split between CG Power and Siemens Energy India under POWERGRID's bulk procurement.
17 units of 765/400 kV, 500 MVA single-phase transformers (Package TTR-15/BULK), awarded 23 Dec 2025.
23 units of 160 MVA, 220/66 kV power transformers with NIFPES fire-prevention systems plus optional spares for Punjab State Transmission Corp; aggregate ~₹285.15 cr incl. taxes. Atlanta also cleared PGCIL for 400 kV-class at its Vadod plant and posted FY26 revenue +49% to ₹1,851 cr (now debt-free).
Transformers & Rectifiers (India) secured its first HVDC transformer order — a milestone moving an Indian maker into the highest-value EHV/HVDC class historically dominated by Hitachi Energy, Siemens and GE.
In a directive (letter dated 24 Jan 2026, reiterated mid-June), India's Central Electricity Authority told utilities and gencos to strictly follow standard specifications for all transformers and reactors rated 66 kV and above — a standardisation push that tightens accessory, insulation and bushing spec requirements across new Indian orders.
GE Vernova chosen by POWERGRID to supply 70+ EHV transformers and shunt reactors (765 kV class) for TBCB renewable-evacuation corridors — believed to be one of its largest India electrification intakes; deliveries 2026 through end-2027.
30 units of 500 MVA, 765/400 kV single-phase transformers, to be built at Maneja, Gujarat — supports renewable integration on India's UHV grid.
11/0.433 kV three-phase 10 kVA aluminium-wound DTs with CRGO or amorphous cores for Madhya Gujarat Vij Company (June 2026).
Manufacturing unit approved for POWERGRID projects up to 132 kV (disclosed 15 May 2026).
Board cleared Rs 913.99 crore for procurement of cold spare transformers and reactors — grid-resilience stockpiling that adds bulk transformer demand on top of project awards.
CG Power & Industrial Solutions secured POWERGRID's 765 kV transformer Package 7TR-12-Bulk worth ~Rs 641 crore — another large EHV bulk award keeping India's UHV transformer order books full.
Europe (TSO orders)
GE Vernova will design, deliver and install two new high-voltage substations for Berlin's DSO using SF₆-free g3 gas-insulated switchgear from its GRIDEA portfolio — the eco-gas substation shift reaching one of Europe's largest urban grids.
Early Contractor Involvement contract for first-phase civil works at the Eastern Green Link 3 converter stations — site enablement ahead of valve-hall and converter-transformer installation on one of the UK's biggest transmission builds.
Drydocks World began fabricating the converter-station topsides for Germany's first 525 kV Baltic Sea HVDC connection — the platform will house the offshore converter transformers.
ARGE wins the ~24 km Emden–Leer high-pressure H₂ line connecting the electrolyser to Germany's core network; works start this summer, handover autumn 2027 — electrolyser grid-connection scope moving to construction.
One-year slip citing converter-platform design challenges and ground conditions — shifts delivery windows for the associated converter transformers and HVDC equipment.
1.14 GW project exported first power via its offshore substation — energisation milestone for the transformer/substation chain on the Polish Baltic grid.
SGB-SMIT signed with Comel Ltd. Belgrade to acquire a majority stake in the Serbian power-transformer maker, expanding its European manufacturing network; closing expected H2 2026 — Tier-2 European capacity is being rolled up while lead times stay long.
Europe's largest grid-equipment supplier announced it will rebrand as Omterra — a naming change with practical follow-through for tender documents, vendor registrations and brand approvals across GCC utility approved-vendor lists.
New HV test lab inaugurated 14 Jul 2026 strengthens independent European transformer type/routine testing capacity — relevant while third-party test slots (KEMA, CESI class) remain a bottleneck for OEMs and buyers.
Aureos Energy, IES Utilities, Ipsum Group and NDS win 5-year (+3 option) frameworks to renew overhead networks across northern Scotland — sustained UK distribution refurbishment demand incl. pole-mounted transformer scope.
Austrian Power Grid investiert 300 Mio. € in den Ausbau des Umspannwerks Wien Südost, des wichtigsten Netzknotens Ostösterreichs — Teil des ~€9 Mrd. APG-Investitionsprogramms bis 2035 (€680m allein 2026). Frische Großtransformator- und Zubehörnachfrage im österreichischen Übertragungsnetz.
Pendant la canicule du 19–27 juin 2026, une trentaine de coupures localisées ont privé d'électricité ~335 000 foyers; RTE programme dès 2026 le remplacement préventif de transformateurs stratégiques dans le cadre de son plan ~100 Md€ (2025–2040). Heat-stressed fleets are becoming a European replacement-demand driver.
SP Energy Networks and National Grid Electricity Transmission confirmed Siemens Energy to deliver the Fife (Scotland) and Norfolk (England) converter stations for the £2.5bn Eastern Green Link 4; construction from 2029, operational 2033 — heavy converter-transformer scope locked in.
Deutsche Marktanalyse: 2026-Lieferslots für Leistungstransformatoren sind faktisch nicht verfügbar, Tier-1-Auftragsbücher voll; global LPT market ~$32.6bn in 2026, capped by production capacity rather than demand — pricing power stays with OEMs and their supply chain.
Framework covers 160 power transformers + 110 compensation coils for Germany (€1.16bn) and Netherlands (€730m). Multi-year, extendable — ongoing call-offs.
German TSO Amprion opens procurement for grid-booster storage projects supporting transmission capacity.
Industry collaboration addressing power transformer reliability and supply pressures across Europe.
French TSO RTE awarded a €1.5bn engineering, procurement, construction, installation & commissioning package — part of France's grid-reinforcement build-out that keeps European HV transformer order books full.
Major contract to connect North Sea wind power to Germany's grid under TenneT's 2 GW programme; works commence from January 2026 — sustained European HV transformer pull.
380 MVA unit (Bad Honnef plant) installed at Hardebek near Hamburg — 18% lower embedded copper emissions; ~9,500 t CO₂ saved across the frame agreement. Bad Honnef expansion completes 2026.
UK HVDC civil-works and equipment frameworks confirmed — locks in converter/transformer supply chain for The Great Grid Upgrade.
Siemens Energy mit Neptun/Smulders baut eine 2-GW-Konverterplattform für 50Hertz in der Nordsee; die Transformatoren kommen aus Nürnberg, die SF6-freie GIS aus Berlin. New 2-GW HVDC link converting offshore wind ~200 km west of Sylt — sustained German HV transformer and GIS pull with domestic value-add.
USA (shortage · lead times)
~370,545 lb unit moved 1,375 miles by rail — fourth identical LPT for the same campus; sustained data-centre-driven large-power-transformer demand now being met by US domestic makers.
New US campus for HV switchgear / grid-stability equipment (up to 300 jobs + training centre) — the US grid-manufacturing build-out extends beyond transformers into the wider substation supply chain.
Energy Dominance Financing loan (announced 8 Jul) backs ~100 transmission projects/upgrades spanning ~2,800 miles incl. reconductoring and new lines; AEP Texas has agreements supporting up to 41 GW of potential new load through 2030 (data centres, Permian) — more funded US transmission means more transformer purchase orders into an already tight market.
New units at Sabana Llana (Carolina), Crea (Bayamón) and Mora (Isabela) substations serve ~782,500 customers, funded via DOE/FEMA; LUMA notes utilities must now order transformers years in advance — a live example of US lead-time reality.
AP/Reuters (9 Jul 2026): US utilities and data-centre developers are competing for scarce transformers, turbines and switchgear as AI-driven load outpaces reshored supply; GSU transformer lead times passed 160 weeks in Q1 2026 (vs ~143 in 2024) and large-power-transformer waits now run 3–5 years, lifting equipment prices an expected ~4–10% over the next year — the import/allocation window for non-US suppliers with capacity stays wide open.
Hitachi Energy's $457m Virginia plant — billed as the largest power transformer factory in the US — targets AI/data-centre-driven grid demand, part of its >$1bn US grid-manufacturing package; online 2028.
Trench Group announced a 765 kV capacitive-voltage-transformer award supporting ERCOT's first 765 kV transmission lines in Texas, alongside the July 2026 grand opening of its $60m Buy-America-compliant HSP transformer-bushing factory in Charlotte, NC — instrument-transformer & bushing supply chain localising for the US EHV push.
Despite ~$2bn directed toward North American transformer production expansion (new capacity online by 2028), backlogs for transformers and breakers persist as demand keeps outpacing reshored supply — the import window for non-US suppliers stays open.
Actual order data shows 128-week (≈2.5 yr) waits before a unit ships; high-capacity power transformers stretching to 4 years.
Imports cover ~80% of US power transformer supply and 50% of distribution supply — structural domestic production gap.
Hitachi Energy, Siemens Energy and others expanding, but new capacity won't relieve the current shortage before 2028.
Utilities and developers competing for import allocations and production slots as domestic order books fill — opportunity window for non-US suppliers with capacity.
More than 50% of US data centers planned for 2026 expected delayed or cancelled for lack of step-down transformers and electrical gear.
Rest of World (Iraq · Jordan · Asia)
长高电气7月22日公告：旗下四家全资子公司在国家电网2026年第三次输变电、特高压设备招标合计中标4.16亿元，约占2025年营收25%——公司四大产品线覆盖隔离开关、组合电器、成套开关柜及变压器，800 kV GIS已获国网投标资质。SGCC's third-batch procurement keeps converting into awards across mid-tier Chinese equipment makers — domestic order books extend into 2027 as compute-centre and UHV demand builds.
Taesa's AGE approved the R$1.545bn acquisition of five Energisa transmission SPCs in Goiás, Pará and Tocantins (aquisição de cinco concessionárias de transmissão) — ~4,494 MVA of transformation, 12 substations and 1,305 km of lines (per Atlas Público); ANEEL prior consent via Despacho 2.609, closing within 120 days — Brazilian transmission assets keep consolidating.
WEG firma contrato com a Guaporé Sul Transmissora (BTG Pactual) — full 'solução compensadora' for the Vilhena 2 substation under Lot 4 of ANEEL Auction 04/2025: a 165 MVAr synchronous compensator, a 165 MVA three-phase transformer, auxiliary transformers, panels and protection systems, strengthening the Acre–Rondônia subsystem.
中国西电7月22日公告：下属14家子公司中标国家电网2026年特高压项目第三次设备招标及输变电项目第三次变电设备招标，合计约41.29亿元 — UHV packages ~CNY 2.63bn (transformers, converter valves, capacitors, breakers, disconnectors) + T&D packages ~CNY 1.50bn (transformers, reactors, GIS, instrument transformers, arresters). China's third-batch UHV procurement wave is now converting into awards — domestic order books extend further into 2027.
وقعت المصرية لنقل الكهرباء عقدين مع مؤسسة النماء للمقاولات العامة لفتح وربط الخط الهوائي المزدوج (زفتى القديمة/الجديدة) 500/220/66 ك.ف باتجاه محطة محولات سمنود الجديدة — 2×10 كم لكل عقد بنظام تسليم المفتاح مع OPGW، تنفيذ 8 أشهر. EETC keeps letting turnkey tie-in packages around its new EHV substations — a steady 500 kV-class transformer and accessory pipeline next door to the GCC.
المصرية لنقل الكهرباء وقعت عقدين: محطة محولات الطور الدائمة بجهد 220/66/11 ك.ف من النوع المعزول بالغاز (GIS) بنظام تسليم المفتاح مع الخرافي ناشيونال (16 يوليو، تنفيذ 15 شهراً، منطقة كهرباء القناة/سيناء)، وعقد ربط محطة محولات بني خالد الجديدة 66/11 ك.ف بالشبكة القومية مع تحالف العالمية تاور والعربية الأفريقية (20 يوليو، 5 أشهر). Egypt's EETC keeps letting turnkey GIS substation and tie-in packages — fresh 220 kV-class transformer, GIS and accessory scope next door to the GCC.
八批特高压设备招标累计407.9亿元、667个包、156家供应商：换流阀112.1亿（NARI系46.8%）、1000 kV GIS 77.7亿、换流变76.0亿 — XD, NARI, Shandong Electrical, TBEA and five others take ~80% of value; converter-transformer prices reported rising as the UHV wave builds.
First Hydrogen Headstart project into execution: 50 MW PEM unit at Kooragang Island, ~4,700 t H₂/yr replacing ~7.5% of site gas use, A$432m ARENA support — rectifier-transformer and grid-connection scope to follow.
July 2026 'Kensetsu Bukka' issue resumes transformer price listings as OEMs begin full shipments of transformers meeting the third-tier Top Runner efficiency standard — a repricing marker for the Japanese distribution-transformer market.
住友電気工業とVan OordがSSEN Transmissionと長期枠組み契約 — consortium starts early design/engineering for the Shetland–mainland 525 kV subsea HVDC link; cable order planned 2026, production from Q2 2027 at Sumitomo's >£350m Nigg (Scotland) plant. Japanese HVDC supply chain embedding into the UK grid build.
한국 전력기기 3사의 미국 데이터센터 수주 행진 — Invest Chosun details HD Hyundai Electric's long-term Big Tech master agreement (distribution ₩553.9bn + power equipment ₩567.3bn, deliveries through 2028), Hyosung Heavy's ₩310bn AusNet deal and LS Electric's ~₩170bn AWS switchgear win with five DC orders in Q2 — Korean EHV/distribution slots locking up with hyperscalers; open capacity for other buyers keeps shrinking.
La CFE energizó el 5 de julio de 2026 un transformador de 75 MVA en la subestación Central Turbogás Los Cabos (bahía nueva de 115 kV), como salida de una nueva unidad generadora — parte de la ampliación de la Red de Transmisión del Noroeste; beneficia a ~399,648 usuarios. Fresh Mexican transmission-transformer commissioning as CFE rolls out its 58-project 2026–27 transmission portfolio (~2,800 MVA in Bloque 1 alone).
TEİAŞ'ın 4 adet mobil trafo merkezi ve 4 adet OG ünitesi (yedek malzemeler dahil) ihalesini kazanan Astor Enerji, 816,2 milyon TL'lik sözleşmeyi 2 Temmuz 2026'da imzaladı — rapid-deploy mobile substation capacity for Türkiye's transmission grid; Astor's order book keeps swelling ahead of its second Ankara factory.
«Россети» увеличивают инвестпрограмму 2026 года до 857 млрд руб.; на 2026 год запланирован ввод 18 ГВА трансформаторной мощности против 15,2 ГВА в 2025 — sustained Russian demand for power transformers and components across the federal grid.
HD현대일렉트릭, 글로벌 빅테크와 1조212억원 규모 데이터센터 전력 인프라 장기 공급계약 — contract runs 2 Jul 2026 to Jan 2029; ultra-high-voltage transformers ₩567.3bn plus distribution transformers ₩553.9bn. Korean EHV makers locking multi-year capacity directly with hyperscalers — slots for other buyers tighten further.
国网第八批特高压设备招标：电抗器约17亿元由7家企业分食 — 中国能建39.4%居首、经纬正能38.2%、特变电工18%、思源2.8%。China's UHV second-batch 2026 procurement (>CNY 20bn total) keeps rolling into individual equipment awards — domestic UHV order books stay full into 2027.
Na segunda sessão do Leilão 1/2026 (3/7, B3), a Axia Energia venceu os lotes 8 (MS), 9 (SP) e 10 (Cuiabá/MT); os 4 lotes somam R$1,8 bi em investimentos, 61 km de novas linhas e +2.400 MVA de transformação em SP, MS e MT — fresh Brazilian substation-transformer scope on top of the R$3.3bn first tranche.
Terna and STEG awarded Hitachi Energy ~€770m to build the Partanna (Sicily) and Mlaabi (Tunisia) converter stations for the 600 MW, 220 km Elmed interconnector — the first DC link between Europe and North Africa, with heavy converter-transformer scope.
효성중공업, 호주 빅토리아주 송전망 운영사 AusNet과 5년 독점 공급계약 — 초고압 변압기·리액터, 약 3,100억원 규모 — its second big Australian win this year; Korean EHV makers extending beyond the US into Australia's transmission build.
巴西东北部特高压直流输电项目全线开工 (26 Jun 2026) — SGCC's third overseas UHV project after Belo Monte I & II, moving Northeast wind/solar south; major converter-transformer and EHV equipment pipeline in Brazil.
For Iraq's Ministry of Electricity under the JICA-financed Electricity Sector Reconstruction Project.
Iraq's General Company of Electrical Energy Transmission signed a strategic agreement with Siemens Energy for five HV substations — 400 kV units in Baghdad, Diyala, Najaf, Karbala and Basra — strengthening the national transmission backbone.
Large domestic transformer order strengthening the national grid and local industry — localization signal.
Iraq's Ministry of Electricity contracted Linxon for rehabilitation of three critical 400 kV bulk-supply-point stations — rehab scope means transformer overhaul, accessories and insulation demand rather than only new-build.
Cross-border 400 kV interconnection substation works expected to wrap during 2026 (NEPCO).
Supply of electrical equipment and civil works for several 132 kV gas-insulated substations.
ANEEL homologated Leilão 1/2026 (R$3.3bn, 798 km of lines and ~4,350 MVA of transformation across 11 states); Lote 1 signed 3 Jun and lots 2/3/4/5 on 26 Jun — incl. the 230/69 kV Nossa Senhora da Glória II SE with two 150 MVA transformers. Lots 2/4/5 + group-3 sublots signed 26 Jun; second tranche (lots 7–10) set for 3 Jul — continuous EHV equipment pipeline.
Santa Luzia III transformers energised, strengthening the North–Northeast grid in Maranhão and Pará alongside a 500 kV line upgrade.
Hitachi Energy's record-breaking HVDC VSC transformer leaves Sweden for the Gansu–Zhejiang UHV transmission project — global UHV demand keeps top-end capacity booked.
GCC (GCCIA · national TSOs · interconnections)
GCC Interconnection Authority plans ~$3.5bn of expansions as reliance on the shared grid grows; cross-border flows hit 1.2 TWh in 2024 and a 1,500 MW HVDC link to Oman is targeted for 2028.
The link exports Gulf power to southern Iraq (~600 MW), reinforcing regional network stability — a backbone build pulling substation and transformer demand at Wafra and beyond.
Fresh financing agreement (KWD 8m tranche) supports the GCC interconnection backbone and the southern-Iraq link plus UAE/Oman expansion works.
Abu Dhabi Fund for Development backed an AED 752m ($205m) loan to expand the UAE link — new 400 kV substation and transformer scope on the Abu Dhabi side.
India (PGCIL · ISTS · state grids)
National grid build-out accelerates to evacuate renewables and meet AI/industrial load — large multi-year transformer, reactor and line demand.
Board cleared procurement of cold-spare transformers and reactors to boost grid reliability — resilience stockpiling on top of project awards.
Huge RE-linked transmission programme underway, though many of 50 inter-state projects run 6 months–2 years behind on land/right-of-way issues.
IEEFA flags high-capacity corridors from Gujarat/Karnataka delayed by permitting and right-of-way — a structural drag on India's grid build.
Europe (TSOs · EU Grids Package)
Dutch/German TSO's largest-ever yearly grid spend; calls to accelerate further as connection queues grow.
Feb 2026 stake sale follows a €9.5bn equity agreement — capital raised to build out Germany's high-voltage transmission backbone.
Roughly double the prior decade; European Commission estimates €584bn of grid investment is necessary, with 40% of distribution grids over 40 years old.
Commission initiative to streamline permitting and cross-border capacity (set to double by 2030) — a structural tailwind for HV equipment demand.
La CRE a approuvé (26 fév 2026) le programme d'investissements 2026 de RTE — 4,24 Md€ — en ligne avec le schéma décennal (SDDR) qui chiffre ~100 Md€ d'ici 2040 (>6 Md€/an) pour datacenters, industrie et renouvelables.
USA (FERC · ISOs · large-load interconnection)
Rulemaking (Docket RM26-4) could redefine how 20 MW+ loads, including AI data centres, connect to the interstate grid — shaping where transmission gets built.
Dec 2025 order enables interim non-firm service so data centres co-located with generation can connect faster while network upgrades complete.
Jan 2026 approval creates a dedicated study/operational track for very large energy-intensive loads joining Southwest Power Pool's grid.
Utility seeks cost-allocation rules so large loads fund the network upgrades they trigger — shielding households and de-risking transmission build.
China (State Grid · UHV)
行业综述：2025年中国变压器出口额达646亿元（+36%），约占全球产能60%；6月15日中国西电斩获海外4台13.8kV AC/800V DC数据中心固态变压器(SST)订单——全球首个公开的商用SST订单；特变电工在手订单超800亿元，排产至2027年。China's export machine and the first commercial SST order signal where data-centre power architecture is heading.
国家电网2026年特高压第二批招标中标候选人6月8–9日公示：设备约95亿元、材料约120亿元，合计超200亿元（20+家上市公司在列）；中国西电多家子公司中标变压器、电抗器、互感器等一次设备，宏盛华源、平高电气获大单——特高压采购持续放量，利好变压器龙头特变电工。
特锐德6月8日公示预中标国家电网2026年华北区域首次联合（10kV变压器、10kV柱上变压器成套设备）及华东区域变压器、柱上变压器设备采购，合计约2.78亿元——配网变压器采购持续放量。
国家电网『十五五』固定资产投资预计达4万亿元，较『十四五』增长40%；2026年电网投资超6000亿、同比增8%以上，特高压、配网智能化、储能为核心方向。
攀西特高压交流工程3月30日启动，新建线路994公里，总投资约232亿元，计划2028年建成投运。
预计核准开工陕西-河南、巴丹吉林-四川、南疆-川渝、库布齐-上海、青海-广西等直流，以及达拉特-蒙西、攀西-川南、浙江环网等交流工程。
Asia-Pacific (Korea · ASEAN · Australia)
電気新聞「大型変圧器、全国で不足」— large power transformers are in shortage across Japan as data-centre demand surges; large-unit orders at Mitsubishi Electric's Ako factory reportedly cannot be delivered before 2030 — Japan joins the US and Europe in multi-year lead times.
Transgrid energises the full 700 km NSW section of the 900 km SA–NSW–Vic interconnector (1,500+ towers, 10,000+ km of conductor); inter-network testing to follow in 2026.
MOTIE's 312th Electricity Committee lifted the 15-year (2024–2038) plan from ₩56.5tn to ₩72.8tn — driven by AI data centres and the Yongin chip cluster (10 GW+ by 2031).
HD현대일렉트릭은 미국에서 약 1,730억원(~$126m) 규모 초고압 변압기를 수주, 2026년 수주 목표 42.2억달러; 효성중공업 수주잔고 13.85조원. 빅4 합산 수주 33조 돌파 — 북미향 765kV 수출 수혜 본격화. North-American 765 kV export wave keeps Korean EHV lines booked years out.
LTMS-PIP 2.0 enables Laos→Singapore power trade through Thailand and Malaysia on existing interconnections — momentum toward a fully integrated ASEAN grid by 2045.
Major NEM transmission build continues alongside EnergyConnect, connecting pumped-hydro and enabling interstate transfer.
Latin America (Brazil ONS/ANEEL · regional)
ANEEL aprovou o edital em 22 jun e o enviou ao TCU; o leilão de 30 de outubro de 2026 contratará 1.866 km de novas linhas e 13.564 MVA de transformação, ~R$8,9 bilhões de investimento — the biggest single transformer-capacity tranche in Brazil's 2026 pipeline.
ANEEL homologou o Leilão 1/2026 (R$3,3bn, +2.150 MVA de transformação, obras em 11 estados); Lote 1 assinado em 3 jun e os demais lotes 2/4/5 e sublotes do grupo 3 em 26 jun. Segunda etapa (lotes 7–10) marcada para 3 jul — pipeline contínuo de equipamento EHV.
Pipeline expected to include 800 kV HVDC corridors linking Northeast/North renewables to the Southeast — large EHV equipment demand ahead.
Major IPP secures transmission concessions, reinforcing private build-out of Brazil's national grid.
Africa (Mission 300 · regional interconnectors)
New initiative to speed Africa's electrification drive — grid, mini-grid and interconnector scale-up toward connecting 300m people by 2030.
Public digital platform giving real-time data on electricity access launched in Brazzaville — transparency layer over the $90bn electrification push.
Programme spans generation to distribution, regional integration and grid strengthening; the CLSG interconnector is expanding access across West Africa.