The global power industry is facing growing pressure to expand electricity infrastructure, modernize aging grids, and support the rapid development of renewable energy and data centers. As a result, demand for power transformers and distribution transformers remains an important concern for utilities, EPC contractors, industrial operators, and electrical equipment distributors. At the same time, transformer procurement costs are influenced by several factors, including copper prices, grain-oriented electrical steel (GOES) costs, insulation materials, labor, manufacturing capacity, testing requirements, and international logistics. For projects involving large power transformers or customized designs, manufacturing schedules can also become a critical factor in overall project planning. For international buyers, the challenge is no longer simply […]