The demand for transformers has been steadily increasing worldwide, driven by various factors related to industrialization, urbanization, and the expansion of electrical infrastructure. As economies grow and urban populations increase, there is a greater need for reliable electricity supply to power homes, businesses, and industries. Transformers play a critical role in this process by stepping up or stepping down voltage levels, facilitating the efficient transmission and distribution of electricity across vast networks. Moreover, the rise of renewable energy sources such as wind and solar power has also contributed to the growing demand for transformers. These sources often generate electricity at variable voltages, requiring transformers for voltage regulation and integration into the grid.

Additionally, the modernization and upgrade of aging power infrastructure in many regions have spurred the demand for transformers. As existing systems become outdated or insufficient to meet rising energy demands, utilities and governments invest in new transformers and related equipment to enhance grid reliability and efficiency. Furthermore, the increasing adoption of electric vehicles (EVs) and electrification initiatives in transportation further boosts the demand for transformers. The charging infrastructure for EVs relies on transformers to convert and distribute electricity efficiently, reflecting another area driving the rising demand for transformer technology. Overall, as the world continues to rely more heavily on electricity for various aspects of daily life and economic activity, the demand for transformers is expected to continue its upward trajectory.