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,...