Power Transformer Market Outlook: Opportunities in Grid Expansion...

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2026-10-29 18:19:34 -

Power Transformer Market Outlook: Opportunities in Grid Expansion and Energy Infrastructure

Valued at USD 27.95 billion in 2024, the power transformer market is projected to reach USD 52.74 billion by 2034, growing at a CAGR of 6.6% during the forecast period 2025–2034. Increasing investment in transmission and distribution infrastructure is a core demand driver. Leading companies include Hitachi Energy, General Electric, Siemens, Schneider Electric, Mitsubishi Electric, Eaton...

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