The market is divided into three categories based on the rating: small power transformers (up to 60MVA), medium power transformers (61-600MVA), and large power transformers (above 600MVA) (Above 600MVA). During the projection period, the Small Power Transformer (Up to 60MVA) segment is expected to increase fast. Due to their wide range of uses, small power transformers are currently the most prevalent segment of the power transformer business. Battery charging, regulating alternating current, steel making, electrochemical, stopping and beginning the flow of electricity, and other uses are all possible with compact power transformers. These are the main advantages that will propel this segment’s expansion in the global market over the forecast period.