Transformers Magazine
BY MLADEN Banovic, PhD, Editor-in-Chief
Dear Readers,
As we reflect on 2024, it’s clear that this has been a transformative year for the transformer industry. It is as exciting as ever to work in the sector today, as it is experiencing unparalleled growth, with sales and production reaching unprecedented levels and new records being set almost daily. This remarkable momentum is fuelled by a promising long-term outlook, that continues to attract substantial investment in equipment upgrades, research and development, manufacturing expansion, and strategic acquisitions. Investor confidence in the industry has reached new heights, with some companies capitalizing on the favourable environment to go public, while others are exploring potential mergers or acquisitions to strengthen their position.
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