Transformer Market: Market expanding with grid modernization and renewable energy integration. 

The transformer market plays a crucial role in the global power industry, enabling efficient voltage conversion and power distribution across residential, commercial, and industrial sectors. Transformers are essential components in transmission and distribution networks, ensuring electricity is safely and reliably delivered from generation plants to end-users.

Rising electricity demand, infrastructure expansion, and renewable energy integration are driving the growth of the transformer market. As nations modernize their grids and replace aging infrastructure, the adoption of advanced transformer technologies is accelerating. The market covers a wide range of products, including power transformers, distribution transformers, and specialty transformers for renewable and industrial applications.