Power Transformer Market Trends Insights 2025-2033
The global power transformer market, valued at approximately USD 26.87 billion in 2024, is expected to grow significantly, reaching USD 52.16 billion by 2033. Thereby, the estimated compound annual growth rate was found to be a robust 7.65% from 2025-2033. The main factors for this increase include rising electricity demand, infrastructure development, and the growth of renewable energy projects in the entire world, which are demanding the efficiency of the power distribution systems.