Emerging Trends Reshaping Power Transformer Market
The global power transformer market is experiencing significant growth, with projections indicating an increase from USD 27.95 billion in 2024 to USD 52.74 billion by 2034, reflecting a compound annual growth rate (CAGR) of 6.6% during the forecast period. This surge is primarily driven by escalating electricity demand, infrastructure modernization, and the integration of renewable...
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