Global power transformer market to grow at 5.9% CAGR
Grand View Research, Inc. has announced the addition of “Global Power Transformer Market Analysis and Segment Forecasts to 2020” market research report to their offering.
Grand View Research, Inc. has announced the addition of “Global Power Transformer Market Analysis and Segment Forecasts to 2020” market research report to their offering.
According to the report, the global power transformer market size is expected to reach $28.22 billion by 2020.
Asia Pacific is expected to dominate the industry owing to factors such as economic, industrial and social development in the countries such as China and India.
Asia Pacific power transformer market is anticipated to grow at a CAGR of over 6.0% from 2014 to 2020.
Replacement of aging power infrastructure in North America and Europe is estimated to boost volume sales in these regions. Further, various initiatives undertaken by European nations in order to deploy green transformers are projected to positively impact demand.
Players in the industry profiled in the report include GE Co., Alstom SA, Crompton Greaves Ltd, Toshiba Corp., Siemens AG, ABB Ltd, Hyundai Heavy Industries Co. China XD Electric, TBA Co Ltd, and Mitsubishi Electric Co.
Source: Press Release Rocket
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