Power Transformers Market is Growing Fast

A recent analysis by Mordor Intelligence indicates that the global power transformer sector is projected to expand from approximately USD 24.8 billion in 2025 to nearly USD 33.5 billion by 2030, representing a compound annual growth rate (CAGR) of 6.22%.

With production lead times in some cases extending beyond two years, purchasers are placing as much emphasis on guaranteed delivery schedules as on technical specifications. Large utilities, independent power producers (IPPs), and hyperscale data centre operators are increasingly entering into long-term supply agreements to secure manufacturing capacity ahead of time.

Growing impact of renewable energy systems
The accelerating integration of wind and solar generation is changing the technical demands placed on transformers. There is rising need for equipment capable of handling rapid voltage fluctuations and accommodating bidirectional power flows. At the same time, digital engineering and simulation tools are enabling operators to assess system performance prior to deployment, helping to mitigate operational risks.

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