Power Transformer Market Research Report Overview The value of the power transformer market size is expected to increase from $24.17 billion in 2023 to $43.61 billion by 2031, with a growth rate of 7.7% from 2024 to 2031. This means that the market will grow by $25.59 billion in 2024 alone. Power transformers are essential components in electrical power grids, serving to step up or...