India power transformer market will reach $3 billion by 2019

India, New Delhi: Ken Research has announced its latest publication on “India Power Transformer Market Outlook to 2019 – Export Demand and Favourable Government Policies to Propel Market”.

According to the research report, India power transformer market is expected to reach $3 billion by 2019 and India power transformer producers are likely to face stiff competition from Chinese manufacturers, reports Market News Release.

The reports also anticipates capacity utilisation to register a magnificent CAGR of 13.4% during the forecasted period 2015 – 2019, due to the upcoming T&D projects and expanding electrification needs.

The report entails a detailed description on the recent trends and developments, pricing analysis, threats and the competitive scenario of major players in the industry along with the share on the basis of production capacity and revenue generated of major companies in India power transformer market.

Source: Market News Release
Image: MEPPI