Global Energy Perspective 2024: High Voltage Power Transformer Outlook

The global High Voltage Power Transformer Market in terms of revenue was estimated to be worth $9.1 billion in 2024 and is poised to reach $12.3 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029 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....

Power Transformer Market worth $37.7 Billion by 2029

Power Transformer Market
The global Power Transformer Market 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 stands...