Transformer Industry Soaring at 6.5% CAGR to Reach 88.48 billion USD by 2030
The global transformer industry is estimated to be valued at USD 64.64 billion in 2025 and is projected to reach USD 88.48 billion by 2030, growing at a CAGR of 6.5%. This growth is driven by the rising global demand for reliable and efficient electricity infrastructure, increasing investments in grid modernization, and the rapid integration of renewable energy sources. Additionally, industrial expansion,...
Distribution Transformer Market Size to Grow $29.6 billion by 2030 at a CAGR of 6.7%.
According to a research report “Distribution Transformer Market by Mounting (Pad, Pole, Underground), Phase (Three and Single), Power Rating (Up to 0.5 MVA, 0.5-2.5 MVA, 2.5-10 MVA, above 10 MVA), Insulation (Oil-immersed, Dry), End User, and Region – Global Forecast to 2030″, the distribution transformer market is projected to reach USD 21.4 billion by 2025 to USD 29.6 billion by...
Distribution Transformer Market Size to Hit $24.9 billion by 2029 at a CAGR of 6.1%
According to a research report “Distribution Transformer Market by Mounting (Pad, Pole, Underground), Phase (Three and Single), Power Rating (Up to 0.5 MVA, 0.5-2.5 MVA, 2.5-10 MVA, Above 10 MVA), Insulation(Oil Immersed, Dry), End User and Region – Global Forecast to 2029″, the market size for distribution transformers is projected to reach approximately USD 24.9 billion by the...