The transformer service market in North America is projected to grow at a CAGR of 5.50% between 2025 and 2034, driven by increasing energy demand, aging power infrastructure, and ongoing grid modernization. By 2034, the market is expected to reach around...
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The transformer service market in North America is projected to grow at a CAGR of 5.50% between 2025 and 2034, driven by increasing energy demand, aging power infrastructure, and ongoing grid modernization. By 2034, the market is expected to reach around USD 13.60 billion. This growth reflects rising investments in transmission and distribution systems, along with a focus on enhancing the efficiency and reliability of electrical infrastructure across the region.
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