Smart transformer market to grow at 15.25% by 2021
According to a new report made available by Absolute Reports, the global smart transformer market is projected to rise at a stable rate and will record CAGR of 15.25% during 2017-2021.
The global smart transformer market is mainly driven by renewable power generation capacity expansion, while high investment needed from a financially weak distribution sector for upgrading networks is the main market challenge.
The main market players analysed in the report include ABB, GE, Siemens, BHEL, CG, Eaton, GRIDCO SYSTEMS, Mitsubishi Electric, Schneider Electric, SPX TRANSFORMER SOLUTIONS, among others.
Source: Absolute Reports