Market

Power transformer market to reach $35 B by 2022

In the research conducted by Allied Analytics LLP, the power transformer market forecasts that the global green building materials market is to reach $35 B by 2022, growing at a CAGR of 7.07 % from 2016 to 2022.

The low rating power transformer segment has dominated the market in 2015 with more than two-third share, in terms of usage followed by medium and high.

Renewable & non-renewable energies have emerged with promising opportunities in power transmission market. Though high installation cost in infrastructural setups coupled with logistics expenses have hindered the growth of power transformer market, acceptance of smart grid technologies has promised this market with energy efficient results in grid set ups.

The regions covered in this report are: Asia-Pacific, North America, Europe, the Middle East, and Asia.

Source: Open PR