“High power transformers are crucial for the efficient transmission and distribution of electrical power, playing a vital role in maintaining voltage levels in power systems.”

“The High Power Transformers Market was valued at USD 23.50 billion in 2023 and is expected to reach USD 44.97 billion by 2032, growing at a CAGR of 7.49% over the forecast period 2024-2032.” – As Per the SNS Insider Research.