Power Transformer Market Analysis by Product Types, Marketing Channel Development Trend, Industry Effect Factors Analysis by 2020

10 February 2020 - In the year 2013, the global Power Transformer Market comprised of over 11,300 units and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $ 18 million as of 2013. Increase in the demand for electricity in the rapidly developing nations along with those who are already developed coupled with increase in the amount of investments in infrastructure is expected to drive the market over the next few years. Smart meters which are the result of high demand and supportive initiatives are anticipated to positively impact the market. Government obligations to install advanced power transformers and to modernise existing grids to minimize the losses and enhance efficiency will also positively impact the power transformer market globally. Transformers with advanced features and having eco-friendly qualities are expected to replace the traditional transformers which are not compatible with current...