#market report

The induction furnace rectifier transformers market is projected to expand from $4.3 B in 2024 to $6.9 B by 2032, growing at a CAGR of 6.09% during the forecast period.

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 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 global green power transformer market is expected to reach $1.8 B by 2030, growing at a CAGR of 6.9 % from 2025 to 2030.

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

For the last two years, the global transformer market has been characterised by high demand and rising prices.

Research And Markets has issued its Global Transformer Market Report 2023.

The ceaseless requirement of electricity for industrial purposes resulted in improved adoption of non-conventional and renewable energy resources, which in turn is driving the cast-resin transformer market.

According to the Reportlinker, the growth in the global market is steered by rising demand for electricity and the resulting expansion of the T&D network.

Global substation monitoring system market was valued at $3.25 B in 2016 and is projected to reach $6.46 B by 2025, growing at a CAGR of 7.93% from 2017 to 2025 according to Verified Market research.

The 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 according to Verified Market Report.

The global distribution transformer market was valued at $12.78 B in 2016 and is projected to reach $22.49 B by 2025, growing at a CAGR of 6.48 % from 2017 to 2025, according to the Verified Research report.

The global mobile substation market is poised to grow by $309.71 M during 2019-2023, progressing at a CAGR of more than 7% during the forecast period according to Technavio.

According to a new market report the global digital substations market is expected to reach $12.1 B by 2026 at a CAGR of 8.2% from 2018 to 2026.

The Solid State Transformers (SST) market was valued at $77 Million in 2018 and is projected to reach $330 Million by 2025, at a CAGR of 23.0%

A new market study titled “2018-2023 Global Special Transformers Consumption Market Report” projects that the global special transformers market will register a 5.2% CAGR in terms of revenue over the next five years.

According to a recent research report by Global Market Insights, the global power transformer market size will be fostered by multi-billion investments in new and existing energy infrastructure, including smart grid expansion and efforts to sustain a soaring electricity demand across Africa.

Market Reports World has made available a new market research report, titled ”Global Grain Oriented Electrical Steel Market Research Report 2021”.

USA, San Francisco: According to a new study by Grand View Research, Inc., the Middle East distribution transformer market is expected to reach $3.59 billion by 2022.

USA, New York: Future Market Insights has announced the addition of the “Medium Voltage Transformers Market: Global Industry Analysis and Opportunity Assessment 2015-2025″ report to their offering.

A new report titled “Dry Type Transformer Market – Global Forecast to 2020” predicts the global dry type transformer market is expected to reach $5.38 billion by 2020 from $4.16 billion in 2015, at a CAGR of 5.3%.