India’s transformer market is on a steady growth trajectory, reaching USD 2.44 billion in 2024 and projected to surpass USD 5.18 billion by 2033, with an estimated 8.08% CAGR (2025-2033). Market expansion is driven by rising electricity consumption, grid modernization, renewable energy adoption, rural electrification, government-led infrastructure projects, substation automation, and ... https://www.imarcgroup.com/india-transformer-market