Transformers market to register a 3.8 % CAGR by 2024

The transformers market will register a 3.8% CAGR in terms of revenue and the global market size will reach $24.4 B by 2024, from $20.2 B in 2019 according to Market Insights Reports.

Key players in the global transformers market are: ABBTBEA, SIEMENS, GEJSHP Transformer, Schneider, Sanbian Sci-Tech, SGB-SMIT, TOSHIB, Qingdao Transformer Group, Mitsubishi Electric, SPX, Eaton, Efacec, Hitachi, Alstom, Crompton Greaves, Sunten Electric, Daihen, Fuji Electric, Qiantang River Electric, ZTR, Dachi Electric, Hyundai, Luneng, Tianwei Group, and Hyosung.

The regions covered in this report are: United States, China, Europe, Japan, South-east Asia, India and others.

Source: Market Research New