Power transformers market to grow at a CAGR of 7.16%
HTF MI recently introduced a market study titled “Global Power Transformers Market 2017-2021” with describes product scope and elaborates industry insights and outlook and discusses influencing factors and key market trends and drivers that are changing the dynamics of global power transformers market.
According to the study, the global power transformers market is forecast to grow at a CAGR of 7.16% during the period 2017-2021.
The main market driver is modernization of existing transformers, the main challenge lack of effective product differentiation, while the main market trend is increasing popularity of dry-type transformers.
The key vendors that are mentioned in the report include ABB, CG, General Electric (GE), Schneider Electric, Siemens, ALTRAFO, Celme, DuPont, Eaton, ELANTAS, Eremu, Fuji Electric, Hammond Power Solutions, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries, J. Schneider Elektrotechnik, Jinpan International, Kirloskar Electric, KOTSONS, Layer Electronics, LS Industrial Systems, Mace, MGM Transformer Company, Mitsubishi Electric, Ormazabal, Prima Transformers, Raychem RPG, Ruhstrat, SPX Transformer Solutions, Synergy Transformers, TBEA, Temco, Toshiba, Vijay Power Control Systems, Virginia Transformer, Voltamp Transformers, Xi’an XD Transformer & YangZhou Power Electric.
Source: HTF MI