The India transformer market was valued at USD 2.44 Billion in 2024 and is projected to reach USD 5.18 Billion by 2033, growing at a CAGR of 8.08% from 2025 to 2033. This growth is driven by increasing electricity demand, grid modernization, expansion of renewable energy, rural electrification, infrastructure development, adoption of smart transformers, and government initiatives like... https://www.imarcgroup.com/india-transformer-market