Power Transformer Market Share Expected to Reach $37.7 Billion by 2029
The global Power Transformer Market Share is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market...
Distribution Transformer Market Size to Hit $24.9 billion by 2029 at a CAGR of 6.1%
According to a research report “Distribution Transformer Market by Mounting (Pad, Pole, Underground), Phase (Three and Single), Power Rating (Up to 0.5 MVA, 0.5-2.5 MVA, 2.5-10 MVA, Above 10 MVA), Insulation(Oil Immersed, Dry), End User and Region – Global Forecast to 2029″, the market size for distribution transformers is projected to reach approximately USD 24.9 billion by the...