New global transformer markets report announced
UK, London: Reportbuyer has announced a new BCC Research report “Global Markets for Transformers” which covers various types of globally used power transformers and their applications.
UK, London: Reportbuyer has announced a new BCC Research report “Global Markets for Transformers” which covers various types of globally used power transformers and their applications.
According to the report, the global market for transformers totalled $31.5 billion in 2013 and should reach $48.3 billion in 2019, registering a compound annual growth (CAGR) of 7.3% over the next five years, reports PR Newswire.
While Asia-Pacific, forming the largest segment of the global transformer market, is estimated to reach $21.1 billion by 2019, increasing at a CAGR of 8.1% from 2014 through 2019, the rest of world as a segment will grow from $1.4 billion in 2014 to nearly $2.2 billion by 2019 at a 9.9% CAGR for the period 2014-2019.
Source: PR Newswire
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