The Indian transformer market is expected to grow from USD 2.44 billion in 2024 to USD 5.18 billion by 2033, at a CAGR of 8.08% from 2025 to 2033. Factors such as smart transformer adoption, increasing power transmission needs, “Make in India” initiatives, and energy efficiency regulations are fueling this expansion. https://www.imarcgroup.com/india-transformer-market