Global traction transformer market was valued at $ 554.1 M in 2017, and is projected to reach $ 783.7 M by 2025, growing at a CAGR of 4.5 % from 2018 to 2025.
Around 70% of all transformers in the nation were more than 25 years old as of 2018 and over 60% of the total distribution poles were more than 30-50 years old
Grain-oriented silicon steel market analysis estimates global silicon steel sheet market and CAGR percentage from 2020 to 2025, according to data 2015 - 2019
The power transformer market is projected to reach a value of $29.91 B by 2020, from an estimated $20.7 B in 2015, at a CAGR of 7.6 % from 2015 to 2020 according to Markets and Markets.
The global electrical steel market size is anticipated to reach $40.57 B by 2025,expanding at a CAGR of 7.2 % over the forecast period, according to a new report by Grand View Research, Inc.
Global transformer oil market anticipated to grow $3.4 B by 2020, with the mineral oil-based transformer oil segment to maintain its dominance until 2020 at a CAGR of 8.7 % by 2020, according to Allied Market Research.
Global substation monitoring system market was valued at $3.25 B in 2016 and is projected to reach $6.46 B by 2025, growing at a CAGR of 7.93% from 2017 to 2025 according to Verified Market research.
The global traction transformer market was valued at $554.1 M in 2017 and is projected to reach $783.7 M by 2025, growing at a CAGR of 4.5 % from 2018 to 2025 according to Verified Market Report.
The global distribution transformer market was valued at $12.78 B in 2016 and is projected to reach $22.49 B by 2025, growing at a CAGR of 6.48 % from 2017 to 2025, according to the Verified Research report.
The global mobile substation market is poised to grow by $309.71 M during 2019-2023, progressing at a CAGR of more than 7% during the forecast period according to Technavio.
Ester transformer oils market will register a 9.1 % CAGR in terms of revenue, the global market size will reach $148.6 M by 2024, from $104.7 M in 2019.
Global mobile substation market is projected to reach $1.44 B by 2025, growing at a CAGR of 7.4% from 2018 to 2025 according to Verified Market Research study.
The global electric transmission and distribution equipment market is expected to reach an estimated $324 B by 2024 with a CAGR of 5 % from 2019 to 2024.
The global market for grain oriented electrical steel is expected to grow at a CAGR of roughly 1.78 % over the next five years, will reach $7.27 B in 2024.
Global traction transformer market is expected to reach $1.05 B by 2025 at a CAGR of 5.8% during the forecast period from 2018-2025 according to Fior Markets report.
Gas insulated substation market is expected to reach $41 B by 2025 as compared to $15 B in 2016, escalating at a CAGR of 19.4% during the forecast period from 2017 to 2025.
Brazil: The overall renewable power capacity (excluding small hydropower) in Brazil is expected to grow at a CAGR of 6% from 31 GW in 2018 to 60.8 GW in 2030.