DUBLIN--(BUSINESS WIRE)--The "Global Power Transformer Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The global power transformer market was valued at US$22.789 billion in 2017 and is projected to expand at a CAGR of 8.45% over the forecast period to reach US$37.086 billion by 2023.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Power Transformers are electrical devices used to change the voltage of electricity flowing in the circuit. They can either be used to increase the voltage or decrease the voltage, also known as stepping up and stepping down. India and China from the Asia Pacific region hold the largest market share in the global power transformer market. Renewable energy additions and rising innovations in existing power grid are the key market drivers whereas the higher costs of power transformers in comparison to conventional distribution transformers and the cost of the transformer as subjected to raw material price fluctuations coupled with high installation cost and logistics are the restraints of the global power transformer market.
- China XD Group
- Kirloskar Electric Company
- EMCO Limited
- Bharat Bijlee Limited
- Global Transformers & Switchgears Fzco.
- JSHP Transformers
- Emirates Transformer & Switchgear Ltd. (ETS)
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Power Transformer Market By Cooling Type
6. Global Power Transformer Market By Geography
7. Competitive Intelligence
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/r25stj/global_power?w=4