The global transformer market size was USD 66.28 billion in 2024 and is expected to reach USD 116.53 billion by 2033, with a CAGR of 6.47% from 2025 to 2033. The growth of the market is mainly driven by the increasing demand for efficient energy distribution, technological advancements in transformer design, and the expansion of renewable energy infrastructure. The market is expected to grow significantly because of these emerging industry trends. Read More: https://www.renub.com/transformer-market-p.php #Transformer_Market #Transformer_Market_Trends #Transformer_Market_Size