From Legacy to Smart Grids: The Rise of the Transformer Market

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2025-07-18 15:21:48 -

The global transformer market is undergoing a significant transformation, driven by surging electricity demand, rapid infrastructure development, and the global push toward renewable energy. Valued at USD 57.4 billion in 2024, the market is expected to grow at a CAGR of 5.3% from 2025 to 2035, reaching USD 100 billion by 2035. This growth reflects a broader shift in energy systems worldwide...

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