Credit: Smial
A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. Electromagnetic induction produces an electromotive force within a conductor which is exposed to time varying magnetic fields. Transformers are used to increase or decrease the alternating voltages in electric power applications.
A varying current in the transformer's primary winding creates a varying magnetic flux in the transformer core and a varying field impinging on the transformer's secondary winding. This varying magnetic field at the secondary winding induces a varying electromotive force (EMF) or voltage in the secondary winding due to electromagnetic induction. Making use of Faraday's Law (discovered in 1831) in conjunction with high magnetic permeability core properties, transformers can be designed to efficiently change AC voltages from one voltage level to another within power networks.