Distribution Transformer Market Grows as Grid Modernization and Electrification Drive Global Demand
The global Distribution Transformer Market is witnessing steady growth as utilities and industrial operators invest in modernizing aging grid infrastructure and integrating renewable energy sources at scale. The market is projected to grow from USD 21.4 billion in 2025 to USD 29.57 billion by 2030, registering a CAGR of 6.7% during the forecast period.
The rising electrification of residential...