Global Thin Film Photovoltaics Market Size, Analysis and Forecast 2023 – 2032
The Global power transformer market is expected to reach USD 45.02 Billion by 2032, at a CAGR of 7.6% during the forecast period 2023 to 2032.A power transformer is an electrical device that is used to transfer electrical energy from one circuit to another, typically at different voltage levels. It works on the principle of electromagnetic induction and is designed to either step up or step down the voltage level of an alternating current (AC) power supply.