On-load Tap Changer (OLTC) Market size was USD 865.66 million in 2024 and is projected to grow to USD 940.63 million in 2025, reaching USD 1,828 million by 2033, with a CAGR of 8.66% during the forecast period from 2025 to 2033.
The demand for OLTCs is rising due to their importance in ensuring the efficiency and longevity of power transformers, particularly in renewable energy systems and power distribution networks, leading to robust growth in the coming years.
On-load Tap Changer (OLTC) Market Size 2025: Growth Rate [CAGR of 8.66%]