Transformer Industry: Industry driven by power transmission, distribution, and smart grid adoption. 

The transformer industry includes manufacturers, component suppliers, and service providers delivering solutions for power generation, transmission, and distribution. Key players are focusing on product innovation, efficiency improvement, and regulatory compliance to meet global energy standards.

Industrial applications, such as oil & gas, manufacturing, and data centers, contribute significantly to transformer demand. Moreover, the increasing integration of renewable energy sources, including solar and wind, necessitates specialized transformers capable of handling variable power inputs. The industry is also seeing a trend toward smart transformers with monitoring and diagnostic capabilities for improved reliability and reduced maintenance costs.