The Global Copper Strips for Transformers Market was valued at USD 1.84 Billion in 2025 and is projected to reach USD 2.95 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period (2024–2034). This significant growth is fueled by global investments in power infrastructure modernization, the rapid expansion of renewable energy projects, and the increasing demand for energy-efficient electrical grids.

As the world accelerates its transition to sustainable energy and enhances grid reliability, the critical role of high-performance transformer components comes to the fore. In this blog, we profile the Top 10 Companies in the Copper Strips for Transformers Industry—a combination of established material specialists and innovative manufacturers that are essential to building the resilient energy systems of the future.

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🔟 1. Anhui Zhongyuan New Material Co., Ltd.

Headquarters: Chizhou, Anhui, China
Key Offering: High-purity copper strips, Oxygen-Free Copper (OFC) strips

Anhui Zhongyuan New Material is a leading Chinese manufacturer specializing in the production of high-conductivity copper strips for the transformer industry. The company operates advanced production lines for continuous casting and rolling, ensuring consistent quality and dimensional precision for transformer windings used in power and distribution applications globally.

Technical Capabilities:

• Focus on 1-5mm thickness strips for standard transformer applications

• Advanced annealing processes for optimal ductility and conductivity

• Strong supply chain integration for raw copper cathodes

Download FREE Sample Report: Copper Strips for Transformers Market – View in Detailed Research Report

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9️⃣ 2. Jiangsu Fuwei Technology Co., Ltd.

Headquarters: Nanjing, Jiangsu, China
Key Offering: Tin-plated copper strips, Bare copper strips

Jiangsu Fuwei Technology is a prominent player known for its extensive portfolio of copper strips, including specialized tin-plated variants that offer superior oxidation resistance. The company serves a broad customer base in the transformer manufacturing sector, emphasizing product reliability and adherence to international standards.

Technical Capabilities:

• Specialization in corrosion-resistant surface finishes

• Production of strips for both large power transformers and smaller units

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8️⃣ 3. Highv

Headquarters: International
Key Offering: Ultra-High Conductivity (UHC) copper strips

Highv focuses on the premium segment of the market, producing ultra-high conductivity copper strips for applications where maximum energy efficiency is critical. Their products are often specified for high-frequency transformers and high-performance power systems where minimizing energy loss is paramount.

Technical Capabilities:

• Expertise in UHC and specialty alloy development

• Targeted solutions for advanced transformer designs

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7️⃣ 4. HZW technology

Headquarters: China
Key Offering: Precision copper strips, Custom-width strips

HZW technology specializes in the production of precision copper strips with tight tolerances, catering to transformer manufacturers that require exact specifications for automated winding processes. The company’s focus on precision engineering makes it a key supplier for high-volume transformer production.

Technical Capabilities:

• Precision slitting and edge conditioning

• Customized width and thickness profiles

Download FREE Sample Report: Copper Strips for Transformers Market – View in Detailed Research Report

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6️⃣ 5. DEQING SHENHONG NEW MATERIAL TECHNOLOGY CO.,LTD

Headquarters: Huzhou, Zhejiang, China
Key Offering: Electrolytic copper strips, Annealed soft strips

DEQING SHENHONG is a significant manufacturer of high-purity electrolytic copper strips, which are essential for transformer windings requiring excellent electrical characteristics. The company’s products are known for their consistency and are used in a variety of transformer applications across Asia and other regions.

Technical Capabilities:

• Controlled annealing for enhanced softness and formability

• Strict quality control for purity and conductivity

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5️⃣ 6. Shanghai Tianrui Metal Products Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Copper strips, Busbars, and related conductive products

Shanghai Tianrui Metal Products supplies a range of copper-based products, including strips specifically designed for transformer coils. The company leverages its strategic location in a major industrial hub to serve both domestic and international markets efficiently.

Technical Capabilities:

• Integrated production from raw material to finished strip

• Capability to supply complementary transformer components

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4️⃣ 7. Ganpati Engineering Industries

Headquarters: Maharashtra, India
Key Offering: Copper strips for small and medium transformers

Ganpati Engineering Industries is a key Indian manufacturer catering primarily to the domestic and South Asian transformer markets. The company specializes in copper strips for the small and medium transformer segment, which is experiencing robust growth due to rural electrification and industrial expansion.

Technical Capabilities:

• Focus on cost-effective solutions for volume production

• Strong regional distribution network

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3️⃣ 8. Khaitan Winding Wire

Headquarters: Kolkata, India
Key Offering: Copper strips and winding wires

Khaitan Winding Wire has a long-standing presence in the Indian electrical industry, supplying both copper strips and magnet wires to transformer manufacturers. Their expertise in winding materials makes them a trusted partner for companies producing transformers for diverse applications, from utilities to industrial machinery.

Technical Capabilities:

• Dual expertise in strips and wires

• Deep understanding of transformer manufacturing processes

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2️⃣ 9. Alcotec Aluminum Coil Technology GmbH

Headquarters: Hilden, Germany
Key Offering: High-performance copper and aluminum strips

While also specializing in aluminum, Alcotec represents the European expertise in high-performance conductive materials. The company supplies precision copper strips that meet the stringent quality and efficiency standards required by European transformer manufacturers, particularly for grid and industrial applications.

Technical Capabilities:

• Adherence to European quality and environmental standards

• Technical support for custom material specifications

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1️⃣ 10. Hitachi Metals, Ltd.

Headquarters: Tokyo, Japan
Key Offering: Premium copper and copper alloy strips

Hitachi Metals is a global leader in advanced materials, offering high-grade copper strips for critical transformer applications. Their products are renowned for exceptional purity and performance, often used in high-efficiency transformers for power grids, railways, and renewable energy systems. The company’s strong R&D focus drives innovation in material science for the energy sector.

Technical Capabilities:

• R&D leadership in conductive material technology

• Global supply chain for multinational transformer OEMs

• Focus on materials for next-generation, high-efficiency transformers

Read Full Report: Copper Strips for Transformers Market – View in Detailed Research Report

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🔌 Outlook: The Future of Copper Strips for Transformers Is Smarter and More Efficient

The copper strips for transformers market is evolving rapidly, driven by the global imperative for energy efficiency and grid resilience. While traditional copper strips continue to dominate, the industry is investing in advanced materials, precision manufacturing, and sustainable production processes.

📈 Key Trends Shaping the Market:

• Rising demand for High Conductivity (HC) and Ultra-High Conductivity (UHC) grades to minimize energy loss

• Increased specification of tin-plated and other surface finishes for enhanced durability

• Growth in the <1mm thickness segment for compact transformers in electronics and renewables

• Strategic shifts in supply chains to mitigate raw material price volatility

Read Full Report: Copper Strips for Transformers Market – View in Detailed Research Report

The companies listed above are not only supplying a critical component—they are enabling the efficient transmission and distribution of electrical power that powers modern society and its sustainable future.

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