Investor Presentaiton
Energizing the Globe: Transformer Market's Global Rise
Transformer Market size is anticipated to grow at a CAGR of 7.2% between 2023 and 2032.
o Transformer Market size is valued at USD 54 billion in 2022 and is anticipated to
grow at a CAGR of 7.2% between 2023 and 2032.
o Large scale integration of renewable energy sources coupled with increasing
electrification programs primarily across the emerging economies will
accelerate the industry scenario.
o Expanding urban infrastructure to proliferate product demand for commercial &
industrial applications Power transformer market from the commercial &
industrial applications segment is expected to exhibit nearly 7% growth rate
between 2023 and 2032.
o The global power transformer market size was valued at $27.7 billion in 2019, and
is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020
to 2027.
Investor Presentation
Transformers Market Size
CAGR>7.2%
2023 2032
SPEL
Source- allied marketresearch, gminsights
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