From Yahoo Finance: 2025-04-29 12:24:00

GlobalData’s report on the transformers market projects a growth to $89.34bn by 2030, driven by increasing electricity demand and renewable integration. APAC leads with robust investments, while EMEA is forecasted to grow fastest due to infrastructure upgrades and power sector reforms. Power transformers market to reach $35.83bn, distribution transformers $53.51bn in 2030.

APAC’s power transformers market set to grow from $12.35bn in 2024 to $18.96bn in 2030, driven by economic growth and large-scale development programs. EMEA region expected to be the fastest growing, with a CAGR of 7.7%. The APAC region projected to be the largest in the distribution transformers market, reaching $32.51bn in 2030.

The Americas market is estimated to grow at a CAGR of 6.9%. The rise of distributed technologies amplifies the demand for distribution transformers. Manufacturers must focus on developing transformers that meet the evolving needs of the global power grid to capitalize on these trends.



Read more at Yahoo Finance: Global transformers market to reach $89.34bn in 2030 led by APAC