Global transformer market expected to reach 738,373 units by 2021
Ireland, Dublin: Research and Markets has announced the addition of the “Global Markets for Transformers” report to their offering.
According to the report, the global market for electrical transformers will grow from 515,788 units in 2016 to 738,373 units by 2021 with a compound annual growth rate (CAGR) of 7.4% for the period of 2016-2021.
The report provides revenue forecasts from 2016 to 2021 for each major type of transformer, power rating and regional market.
The report also explains the major market drivers of the global transformer industry, the current trends within the industry, major industry challenges and the regional dynamics of the market.
The key companies mentioned in the report include ABB, API Delevan, Bharat Heavy Electricals, Crompton Greaves, Efacec Capital, Excel Electronics Industries, Federal Transformers, First Philippine Electric, General Electric, Gujarat Transformers, Hammond Power Solutions, Hitachi, Hyundai Heavy Industries, Kirloskar Electric, Mitsubishi Electric, and more.
Source: Research and Markets