Global Power Transformer Market to Surpass USD 52.16 Billion by 2033, Driven by Renewable Energy and Infrastructure Development
Power Transformer Market Set for Steady Expansion Globally According to a new study by Renub Research, the global power transformer market is projected to reach USD 52.16 billion by 2033, up from USD 26.87 billion in 2024, growing at a compound annual growth rate (CAGR) of 7.65% from 2025 to 2033. The rapid increase in electricity consumption, gro