The global power transformer market was valued at approximately USD 22.83 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. This growth is expected to be driven by several key factors, with the rising demand for electricity in both emerging and developed countries being a major contributing factor. As nations continue to...

The global power transformer market was valued at USD 22.83 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. This growth is primarily driven by the increasing demand for electricity in both emerging and developed countries, alongside significant investments in infrastructure. As countries expand their electrical grids and...

The global power transformer market size is expected to reach a valuation of USD 38.91 billion by 2030 and is expected to expand at 7.1% CAGR from 2023 to 2030, according to a new study by Grand View Research Inc. Technical developments and growing electricity consumption is expected to accelerate power transformer industry growth. It is anticipated that significant...

Power Transformer Industry The global power transformer market size was worth USD 22.83 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. Increasing electricity demand in emerging and developed countries with rising investment in infrastructure is expected to be the key driving force for the market’s growth over the forecast...

The global power transformer market was valued at USD 22.83 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. This growth is primarily driven by the increasing demand for electricity in both emerging and developed countries, coupled with significant investments in infrastructure. As urbanization and industrialization...