McKinsey Insights & Publications Follow The transformer supercycle: Why demand is outrunning supply A new era of increased demand and constrained supply is fundamentally changing the global transformer market and reshaping decision-making across the value chain. https://www.mckinsey.com/industries/electric-power-and-natural-gas/our-insights/the-transformer-supercycle-why-demand-is-outrunning-supply mckinsey.com