Global Power Transformer Market is predicted to grow at approximately 8% by 2023
Pune, India, May, 2018 /MRFR Press Release/- The power transformer market is expected to grow over the CAGR of around 8% during the period 2018 to 2023.
The global power transformer market size was projected over 11, 295 units in 2015. It would grow at nearly 6.1 percent CAGR during 2016 to 2024. The market, with regards to size, was over USD 18 billion in 2015. It finds usage across mining, chemical plants, etc. Wider demand for these transformers from the aforementioned applications ... Read more
Efforts to upgrade the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable supply of power are anticipated to drive the demand for power transformers in the market. This, as suggested by a new Future Market Insights (FMI) study, will drive global power transformer market revenues beyond US$ 20 Bn by 2019 end. Over the forecast period (2019 – 2029), the power ... Read more
