
India power and distribution transformer market to reach $6.37 B by 2031
The India power and distribution transformer market was valued at $4.50 B in 2025 and is expected to reach $6.37 B by 2031, rising at a CAGR of 5.81 %.
The India power and distribution transformer market was valued at $4.50 B in 2025 and is expected to reach $6.37 B by 2031, rising at a CAGR of 5.81 %.
The global SCADA market is estimated to reach over $25 B by the year 2034, exhibiting a CAGR of 8.5 % during the forecast period.
The global current transformer market size is projected to reach $3.9 B by 2030, registering a CAGR of 6.82 % from 2025 to 2030.
The global distributed energy generation market size is expected to reach $573.7 B by 2025, registering a CAGR of 16 % during the forecast period 2020-2026.
Driven by falling costs and strong policy support, global renewable capacity is projected to more than triple from 2024 to 2035, led by solar and wind.
The dry transformer insulation market is projected to reach $1.21 B by 2030 from $0.93 B in 2025, growing at a CAGR of 5.5 % during the forecast period.
The offshore substation market is projected to reach from $6,5 B in 2024 to $9,9 B by 2032, growing at a CAGR of 6.1 % during the forecast period 2024 – 2032.
Rising electrification, renewables, and industrial growth drive transformer market toward $89.34B globally by 2030, led by APAC and EMEA.
The rectifier transformers market is projected to reach $7.3 billion by 2032, growing at a CAGR of 5.5% during the forecast period from 2023 to 2032.
The transformer oil market is growing at a CAGR of 12.8 % and is projected to reach $6.08 B by 2030.
The global transformer core market size is expected to reach 12.7 B, growing at a CAGR of 3.1 % between 2025 and 2034
Global dry type transformer market is expected to reach $12.05 B by 2033, growing at a CAGR of 6.35 % during the forecast period 2025–2033.
The transformer market is expected to grow from $66 B in 2024 to $116 B by 2033
The digital instrument transformer market is projected to reach $940 M growing at a CAGR of 7.5 % from 2023 to 2031.
The high-frequency transformer market is set to reach $3.54 B by 2032, driven by the growing demand for energy-efficient power solutions.
The Compact Substation Market size is growing at the CAGR of 13.4 % and is expected to reach $11.5 B by the end of 2030.
The Instrument Transformer Market valued at $7.21 B in 2023 is projected to reach $12.08 B, growing at a CAGR of 5.94 % during the forecast period of 2024-2032.
Global traction transformer market was valued at $ 554.1 M in 2017, and is projected to reach $ 783.7 M by 2025, growing at a CAGR of 4.5 % from 2018 to 2025.
The global power transformers market is estimated to reach $12.84B in 2023, growing at a CAGR of 1.4% according to ResearchAndMarkets.com’s.
Around 70% of all transformers in the nation were more than 25 years old as of 2018 and over 60% of the total distribution poles were more than 30-50 years old
Grain-oriented silicon steel market analysis estimates global silicon steel sheet market and CAGR percentage from 2020 to 2025, according to data 2015 – 2019
The power transformer market is projected to reach a value of $29.91 B by 2020, from an estimated $20.7 B in 2015, at a CAGR of 7.6 % from 2015 to 2020 according to Markets and Markets.
The global electrical steel market size is anticipated to reach $40.57 B by 2025,expanding at a CAGR of 7.2 % over the forecast period, according to a new report by Grand View Research, Inc.
Global gas-insulated substation market is expected to reach $39.3 B by 2025 at a CAGR of 11.3 % during the forecast period from 2018-2025.