Power transformers market to reach $28.22 billion from 2014 to 2020
USA: The global power transformers market is expected to reach $18.55 billion by 2020, according to a new study by Grand View Research, Inc.
USA: The global power transformers market is expected to reach $18.55 billion by 2020, according to a new study by Grand View Research, Inc.
The key driver for the power transformers market over the next six years will be growing global energy demand, reports WhaTech.
In developing markets of Asia Pacific increasing investment in power plant infrastructure is expected to boost regional demand while the market in North America and Europe is expected to be driven by need for replacing ageing equipment.
Smart grid and super grid development initiatives are expected to be a considerable opportunity for market participants.
Source: WhaTech
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