With the rapid development of the power industry, transformers, as key equipment in power transmission and distribution, are also constantly being upgraded and improved. According to market research reports, China has become one of the largest transformer markets in the world and will continue to be the main driving force in the global transformer market in the coming years.

According to a report released by a market research institute, the size of China’s transformer market reached 58 billion yuan in 2019 and is expected to reach 85 billion yuan by 2025. These figures highlight the enormous potential and rapid growth trend of the Chinese transformer market.

In addition to the expansion in scale, the Chinese transformer industry is also continuously innovating and advancing. More and more Chinese transformer manufacturers are focusing on technological innovation and product upgrades, constantly producing high-efficiency and intelligent transformers. These innovations and improvements have increased the market share of the Chinese transformer industry and promoted the overall development of the sector.