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Analyst Comment

APAC to lead global transformers market growth through 2030, forecasts GlobalData

Utilities and governments expand transformer investment to upgrade grids, connect renewables, and meet rising electricity demand.

GlobalData Energy November 9, 2026

Utilities are shifting from standard equipment replacement toward higher-capacity, digitally monitored transformers that can handle fluctuating power flows from renewables and rising demand from data centres. Credit: SNEHIT PHOTO via Shutterstock.com.

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