As is well known Minkowski spacetime (which is four dimensional vector space with scalar product $\eta _{\mu \nu}$ of signature $-+++$) is maximally symmetric, which manifests itself in presence of ten Killing vector fields. Those are generators of one parameter groups of isometries, which can be understood as translations, boosts (hyperbolic rotations) and Euclidean rotations. There are also five conformal Killing vectors fields, which are generators of one parameter groups of conformal transformations. One of those transformations is simply scaling whole space. However there are four others, with generators:
$K _ {\mu} = 2 \eta _{\mu \alpha} x^{\alpha} x^{\nu} \partial _{\nu} - x^{\alpha} x_{\alpha} \partial _{\mu}$
With standard identification of tangent vectors and partial derivatives understood in this formula. My question is what are those transformations? Can I visualize them or explicitly find those groups? What is their interpretation or significance? Any insight will be appreciated.
Let us first look at the 1-dimensional complex case. In the Riemann sphere, you can define a conjugate-addition, $| : \hat{\mathbb{C}} \times \hat{\mathbb{C}} \rightarrow \hat{\mathbb{C}}$, by
$$ \frac1x + \frac1y = \frac1{x | y} $$
In explicit form,
$$ x | y = \frac{xy}{x+y} $$
and $\infty | \infty = \infty$. It's easy to prove that conjugate-addition behaves exactly like addition: it is commutative, associative, distributive with respect to multiplication, and has an identity $\frac10 = \infty$ (and zero is now the absorbing element). This operation may already be familiar to you, it is for example implicitly used in defining the harmonic mean and when summing resistors in parallel.
Geometrically, what we really are doing is interchanging the behavior of the Northern and Southern hemispheres of the Riemann sphere with respect to addition, by means of the Möbius transformation $ x \rightarrow 1/x $. So you can imagine it as "addition from the point of view of $\infty$ ", if you take ordinary addition as being from the point of view of $0$.
In higher dimensions you can use spherical inversion to do the same thing, defining:
$$ \frac{x^{\mu}}{x^2} + \frac{y^{\mu}}{y^2} = \frac{x^{\mu} | y^{\mu}}{(x|y)^2} $$
It is a bit more tricky, but you can also get the explicit form from the definition. First, take the scalar product of the defining equation with itself:
$$ \left (\frac{x^{\mu}}{x^2} + \frac{y^{\mu}}{y^2} \right)^2 = \frac1{x^2} + \frac1{y^2} + 2 \frac{x^{\mu} y_{\mu}}{x^2 y^2} = \frac1{(x|y)^2} $$
Inverting we have
$$ (x|y)^2 = \frac{x^2 y^2}{x^2 + y^2 + 2 x^{\mu} y_{\mu}} $$
And substituting this back into the defining equation, we have finally:
$$x^{\mu} | y^{\mu} = (x|y)^2 \left( \frac{x^{\mu}}{x^2} + \frac{y^{\mu}}{y^2} \right) = \frac{x^2 y^{\mu} + y^2 x^{\mu}}{x^2 + y^2 + 2 x^{\mu} y_{\mu}} $$
Then, the special conformal generators $b^{\mu} K_{\mu}$ are just the generators of conjugate-translations:
$$x^{\mu} \rightarrow x^{\mu} | \left( - \frac{b^{\mu}}{b^2} \right) = \frac{x^{\mu} - x^2 b^{\mu}}{1 + b^2 x^2 - 2 b^{\mu} x_{\mu}} $$
The interpretation is the same, we are interchanging the behavior of the two "hemispheres" in the compactified Minkowski spacetime, and performing addition "with respect to the point at infinity".
With that image in mind, we can get the explicit form of $K_{\mu}$ by expanding
$$\frac{\partial}{\partial(x^{\mu}/x^2)} $$
using the chain rule.