Distribution transformer market to be worth $17.6B by 2021
RnR Market Research has added to their offering a new report on distribution transformer market and forecasts to 2021.
According to the report, the distribution transformer market is projected to reach $17.61 billion by 2021, at a CAGR of 6.57 % during the forecast period.
Under the phase segment, three-phase transformer accounted for the largest market share of the distribution transformer market.
By region, Asia-Pacific is estimated to be the largest market for distribution transformers, followed by North America and Europe. China accounted for the largest share in the Asian distribution transformers market in 2015, and is projected to grow at the highest CAGR from 2016 to 2021.
The leading players profiled in the report, along with their recent developments and other strategic activities, include ABB Ltd. (Switzerland), Siemens AG (Germany), Crompton Greaves Limited (India), General Electric (U.S.), and Eaton Corporation Plc. (Ireland) among others.
Source: RnR Market Research