Transformer prices, April 2024: Wood Mackenzie
Wood Mackenzie said transformer prices had risen 60% to 80% on average since January 2020.
+60–80% Prices · Apr 2024 · US
“At the same time, depending on the size and application, transformer prices have risen 60% to 80% on average since January 2020, driven upward by raw material commodities.”
The record
Field definitions- Class on the chart
- Price indexes and price changes
- Transformer type
- Transformers (all)
- Size / class
- All sizes
- Region
- US
- As of
- 2024-04
- Price change
- 60%
- Price change, high
- 80%
- Price baseline
- vs January 2020
- Publisher
- Wood Mackenzie (via POWER)
- Source type
- secondary
- Verified
Sources
- The Transformer Crisis: An Industry on the Brink (POWER, 26 Jun 2024) accessed 2026-11-09
Cite this reading
Wood Mackenzie (via POWER), as compiled by Transformer Lead Times: “Transformer prices, April 2024: Wood Mackenzie”. https://transformerleadtimes.com/woodmac-apr-2024-price/ (accessed 9 Nov 2026).
CC BY 4.0. Quote the original publisher; link this page for the dated record.
Other prices readings
Filter the table| As of | Reading | Publisher |
|---|---|---|
| Sep 2026 | +85.9% Electric power and specialty transformers (industry PPI) | US Bureau of Labor Statistics (via FRED) |
| Jan 2026 | +78.4% Electric power and specialty transformers (industry PPI) | US Bureau of Labor Statistics (via FRED) |
| Mar 2025 | +21% Pole-mounted distribution transformer | Wood Mackenzie |
| Mar 2025 | +15% Power transformer | Wood Mackenzie |
| Mar 2025 | +18% Pad-mount single-phase distribution transformer | Wood Mackenzie |
| Mar 2025 | +8% Substation transformer | Wood Mackenzie |
| Mar 2025 | +20% Pad-mount three-phase distribution transformer | Wood Mackenzie |
| Jan 2025 | +69.6% Electric power and specialty transformers (industry PPI) | US Bureau of Labor Statistics (via FRED) |