In 2024, the Indian transformer market reached a value of USD 2.44 Billion and is expected to grow to USD 5.18 Billion by 2033, registering a CAGR of 8.08%. Market expansion is fueled by factors such as increased energy consumption, advancements in grid infrastructure, rising investments in renewable sources, substation automation, and regulatory focus on energy efficiency. https://www.imarcgroup.com/india-transformer-market